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Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2012
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of significant components of assets held for sale and liabilities of assets held for sale
The significant components of assets held for sale and liabilities of assets held for sale at December 31, 2011 consist of the following (in thousands):

Property and equipment
$
311,819

Less: accumulated depreciation
(61,994
)
 
249,825

Restricted cash
6,607

Due from hotel managers
6,661

Prepaid and other assets
48

Deferred financing costs, net
258

      Total assets held for sale
$
263,399

 
 
Mortgage debt of assets held for sale
$
180,000

Due to hotel managers
3,101

Accounts payable and accrued liabilities
704

      Total liabilities of assets held for sale
$
183,805
Summary of results of income (loss) from discontinued operations
The following is a summary of the results of income (loss) from discontinued operations for the years ended December 31, 2012, 2011 and 2010 (in thousands):
 
Year Ended December 31,
 
2012
 
2011
 
2010
Hotel revenues
$
32,895

 
$
97,472

 
$
100,477

Hotel operating expenses
(24,496
)
 
(73,911
)
 
(73,991
)
Operating income
8,399

 
23,561

 
26,486

Depreciation and amortization
(1,346
)
 
(13,849
)
 
(13,874
)
Interest income
1

 
12

 
14

Interest expense
(2,297
)
 
(10,101
)
 
(10,099
)
Impairment charge
(14,690
)
 
—

 
—

Gain on sale of hotel properties, net
9,479

 
—

 
—

Income tax (expense) benefit
(112
)
 
698

 
(900
)
(Loss) income from discontinued operations
$
(566
)
 
$
321

 
$
1,627

Basic and diluted (loss) income from discontinued operations per share
$
(0.00
)
 
$
0.00

 
$
0.01