XML 30 R75.htm IDEA: XBRL DOCUMENT v2.4.0.6
Real Estate and Accumulated Depreciation (Details) (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances $ (967,826)    
Initial Cost - Land 401,343    
Initial Cost - Buildings and Improvements 2,281,140    
Costs Capitalized Subsequent to Acquisition 88,357    
Gross Amount at End of Year - Land 402,198    
Gross Amount at End of Year - Buildings and Improvements 2,368,642    
Gross Amount at End of Year - Total 2,770,840    
Accumulated Depreciation (276,832)    
Net Book Value 2,494,008    
Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]      
Balance 2,623,341 2,152,921 1,900,260
Additions:      
Acquisitions 495,999 439,338 234,309
Capital expenditures 12,756 31,082 12,631
Adjustments to purchase accounting     5,721
Deductions:      
Dispositions and other (333,545)    
Impairment of Real Estate (27,711)    
Balance 2,770,840 2,623,341 2,152,921
Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]      
Balance 262,259 208,741 162,640
Real Estate Accumulated Depreciation, Depreciation Expense 90,893 53,518 46,101
Dispositions and other (76,320)    
Balance 276,832 262,259 208,741
Aggregate cost of properties for Federal income tax purposes 2,674,881    
Atlanta Alpharetta Marriott [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances 0    
Initial Cost - Land 3,623    
Initial Cost - Buildings and Improvements 33,503    
Costs Capitalized Subsequent to Acquisition 748    
Gross Amount at End of Year - Land 3,623    
Gross Amount at End of Year - Buildings and Improvements 34,251    
Gross Amount at End of Year - Total 37,874    
Accumulated Depreciation (6,435)    
Net Book Value 31,439    
Depreciation Life (in years) 40 years    
Bethesda Marriott Suites [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances 0    
Initial Cost - Land 0    
Initial Cost - Buildings and Improvements 45,656    
Costs Capitalized Subsequent to Acquisition 1,672    
Gross Amount at End of Year - Land 0    
Gross Amount at End of Year - Buildings and Improvements 47,328    
Gross Amount at End of Year - Total 47,328    
Accumulated Depreciation (9,443)    
Net Book Value 37,885    
Depreciation Life (in years) 40 years    
Boston Westin Waterfront [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances 0    
Initial Cost - Land 0    
Initial Cost - Buildings and Improvements 273,696    
Costs Capitalized Subsequent to Acquisition 16,526    
Gross Amount at End of Year - Land 0    
Gross Amount at End of Year - Buildings and Improvements 290,222    
Gross Amount at End of Year - Total 290,222    
Accumulated Depreciation (42,865)    
Net Book Value 247,357    
Depreciation Life (in years) 40 years    
Chicago Marriott Downtown [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances (211,477)    
Initial Cost - Land 36,900    
Initial Cost - Buildings and Improvements 347,921    
Costs Capitalized Subsequent to Acquisition 18,573    
Gross Amount at End of Year - Land 36,900    
Gross Amount at End of Year - Buildings and Improvements 366,494    
Gross Amount at End of Year - Total 403,394    
Accumulated Depreciation (61,160)    
Net Book Value 342,234    
Depreciation Life (in years) 40 years    
Conrad Chicago [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances 0    
Initial Cost - Land 31,650    
Initial Cost - Buildings and Improvements 76,961    
Costs Capitalized Subsequent to Acquisition 3,413    
Gross Amount at End of Year - Land 31,650    
Gross Amount at End of Year - Buildings and Improvements 80,374    
Gross Amount at End of Year - Total 112,024    
Accumulated Depreciation (12,000)    
Net Book Value 100,024    
Depreciation Life (in years) 40 years    
Courtyard Denver [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances 0    
Initial Cost - Land 9,400    
Initial Cost - Buildings and Improvements 36,180    
Costs Capitalized Subsequent to Acquisition 228    
Gross Amount at End of Year - Land 9,400    
Gross Amount at End of Year - Buildings and Improvements 36,408    
Gross Amount at End of Year - Total 45,808    
Accumulated Depreciation (1,329)    
Net Book Value 44,479    
Depreciation Life (in years) 40 years    
Courtyard Manhattan / Fifth Avenue [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances (50,173)    
Initial Cost - Land 0    
Initial Cost - Buildings and Improvements 34,685    
Costs Capitalized Subsequent to Acquisition 2,441    
Gross Amount at End of Year - Land 0    
Gross Amount at End of Year - Buildings and Improvements 37,126    
Gross Amount at End of Year - Total 37,126    
Accumulated Depreciation (7,417)    
Net Book Value 29,709    
Depreciation Life (in years) 40 years    
Courtyard Manhattan / Midtown East [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances (41,933)    
Initial Cost - Land 16,500    
Initial Cost - Buildings and Improvements 54,812    
Costs Capitalized Subsequent to Acquisition 2,012    
Gross Amount at End of Year - Land 16,500    
Gross Amount at End of Year - Buildings and Improvements 56,824    
Gross Amount at End of Year - Total 73,324    
Accumulated Depreciation (11,351)    
Net Book Value 61,973    
Depreciation Life (in years) 40 years    
Frenchman's Reef & Morning Star Marriott Beach [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances (58,690)    
Initial Cost - Land 17,713    
Initial Cost - Buildings and Improvements 50,697    
Costs Capitalized Subsequent to Acquisition 40,206    
Gross Amount at End of Year - Land 17,713    
Gross Amount at End of Year - Buildings and Improvements 90,903    
Gross Amount at End of Year - Total 108,616    
Accumulated Depreciation (11,193)    
Net Book Value 97,423    
Depreciation Life (in years) 40 years    
Hilton Boston [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances 0    
Initial Cost - Land 23,262    
Initial Cost - Buildings and Improvements 128,628    
Costs Capitalized Subsequent to Acquisition 959    
Gross Amount at End of Year - Land 23,262    
Gross Amount at End of Year - Buildings and Improvements 129,587    
Gross Amount at End of Year - Total 152,849    
Accumulated Depreciation (1,491)    
Net Book Value 151,358    
Depreciation Life (in years) 40 years    
Hilton Burlington [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances 0    
Initial Cost - Land 9,197    
Initial Cost - Buildings and Improvements 40,644    
Costs Capitalized Subsequent to Acquisition 99    
Gross Amount at End of Year - Land 9,197    
Gross Amount at End of Year - Buildings and Improvements 40,743    
Gross Amount at End of Year - Total 49,940    
Accumulated Depreciation (479)    
Net Book Value 49,461    
Depreciation Life (in years) 40 years    
Hilton Garden Inn Chelsea/ New York City [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances 0    
Initial Cost - Land 14,800    
Initial Cost - Buildings and Improvements 51,458    
Costs Capitalized Subsequent to Acquisition 373    
Gross Amount at End of Year - Land 14,800    
Gross Amount at End of Year - Buildings and Improvements 51,831    
Gross Amount at End of Year - Total 66,631    
Accumulated Depreciation (2,987)    
Net Book Value 63,644    
Depreciation Life (in years) 40 years    
Hilton Minneapolis [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances (96,901)    
Initial Cost - Land 0    
Initial Cost - Buildings and Improvements 129,640    
Costs Capitalized Subsequent to Acquisition 449    
Gross Amount at End of Year - Land 0    
Gross Amount at End of Year - Buildings and Improvements 130,089    
Gross Amount at End of Year - Total 130,089    
Accumulated Depreciation (8,253)    
Net Book Value 121,836    
Depreciation Life (in years) 40 years    
Hotel Rex [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances 0    
Initial Cost - Land 7,856    
Initial Cost - Buildings and Improvements 21,085    
Costs Capitalized Subsequent to Acquisition 0    
Gross Amount at End of Year - Land 7,856    
Gross Amount at End of Year - Buildings and Improvements 21,085    
Gross Amount at End of Year - Total 28,941    
Accumulated Depreciation (71)    
Net Book Value 28,870    
Depreciation Life (in years) 40 years    
JW Marriot Denver at Cherry Creek [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances (40,761)    
Initial Cost - Land 9,200    
Initial Cost - Buildings and Improvements 63,183    
Costs Capitalized Subsequent to Acquisition 17    
Gross Amount at End of Year - Land 9,200    
Gross Amount at End of Year - Buildings and Improvements 63,200    
Gross Amount at End of Year - Total 72,400    
Accumulated Depreciation (2,552)    
Net Book Value 69,848    
Depreciation Life (in years) 40 years    
Lexington [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances (170,368)    
Initial Cost - Land 92,000    
Initial Cost - Buildings and Improvements 229,368    
Costs Capitalized Subsequent to Acquisition 495    
Gross Amount at End of Year - Land 92,000    
Gross Amount at End of Year - Buildings and Improvements 229,863    
Gross Amount at End of Year - Total 321,863    
Accumulated Depreciation (9,051)    
Net Book Value 312,812    
Depreciation Life (in years) 40 years    
Los Angeles Airport Marriott [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances (82,600)    
Initial Cost - Land 24,100    
Initial Cost - Buildings and Improvements 83,077    
Costs Capitalized Subsequent to Acquisition 6,912    
Gross Amount at End of Year - Land 24,100    
Gross Amount at End of Year - Buildings and Improvements 89,989    
Gross Amount at End of Year - Total 114,089    
Accumulated Depreciation (16,792)    
Net Book Value 97,297    
Depreciation Life (in years) 40 years    
Oak Brook Hills Marriott Resort [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances 0    
Initial Cost - Land 9,500    
Initial Cost - Buildings and Improvements 39,128    
Costs Capitalized Subsequent to Acquisition (23,397)    
Gross Amount at End of Year - Land 9,500    
Gross Amount at End of Year - Buildings and Improvements 15,731    
Gross Amount at End of Year - Total 25,231    
Accumulated Depreciation (7,884)    
Net Book Value 17,347    
Depreciation Life (in years) 40 years    
Orlando Airport Marriott [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances (57,583)    
Initial Cost - Land 9,769    
Initial Cost - Buildings and Improvements 57,803    
Costs Capitalized Subsequent to Acquisition 3,658    
Gross Amount at End of Year - Land 9,769    
Gross Amount at End of Year - Buildings and Improvements 61,461    
Gross Amount at End of Year - Total 71,230    
Accumulated Depreciation (10,737)    
Net Book Value 60,493    
Depreciation Life (in years) 40 years    
Renaissance Charleston [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances 0    
Initial Cost - Land 5,900    
Initial Cost - Buildings and Improvements 32,511    
Costs Capitalized Subsequent to Acquisition 23    
Gross Amount at End of Year - Land 5,900    
Gross Amount at End of Year - Buildings and Improvements 32,534    
Gross Amount at End of Year - Total 38,434    
Accumulated Depreciation (1,939)    
Net Book Value 36,495    
Depreciation Life (in years) 40 years    
Renaissance Worthington [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances (54,700)    
Initial Cost - Land 15,500    
Initial Cost - Buildings and Improvements 63,428    
Costs Capitalized Subsequent to Acquisition 1,246    
Gross Amount at End of Year - Land 15,500    
Gross Amount at End of Year - Buildings and Improvements 64,674    
Gross Amount at End of Year - Total 80,174    
Accumulated Depreciation (12,084)    
Net Book Value 68,090    
Depreciation Life (in years) 40 years    
Salt Lake City Marriott Downtown [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances (28,640)    
Initial Cost - Land 0    
Initial Cost - Buildings and Improvements 45,815    
Costs Capitalized Subsequent to Acquisition 3,806    
Gross Amount at End of Year - Land 855    
Gross Amount at End of Year - Buildings and Improvements 48,766    
Gross Amount at End of Year - Total 49,621    
Accumulated Depreciation (9,513)    
Net Book Value 40,108    
Depreciation Life (in years) 40 years    
The Lodge at Sonoma, a Renaissance Resort and Spa [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances 0    
Initial Cost - Land 3,951    
Initial Cost - Buildings and Improvements 22,720    
Costs Capitalized Subsequent to Acquisition 565    
Gross Amount at End of Year - Land 3,951    
Gross Amount at End of Year - Buildings and Improvements 23,285    
Gross Amount at End of Year - Total 27,236    
Accumulated Depreciation (6,636)    
Net Book Value 20,600    
Depreciation Life (in years) 40 years    
Torrance Marriott South Bay [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances 0    
Initial Cost - Land 7,241    
Initial Cost - Buildings and Improvements 48,232    
Costs Capitalized Subsequent to Acquisition 5,517    
Gross Amount at End of Year - Land 7,241    
Gross Amount at End of Year - Buildings and Improvements 53,749    
Gross Amount at End of Year - Total 60,990    
Accumulated Depreciation (10,526)    
Net Book Value 50,464    
Depreciation Life (in years) 40 years    
Westin San Diego [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances 0    
Initial Cost - Land 22,902    
Initial Cost - Buildings and Improvements 95,617    
Costs Capitalized Subsequent to Acquisition 0    
Gross Amount at End of Year - Land 22,902    
Gross Amount at End of Year - Buildings and Improvements 95,617    
Gross Amount at End of Year - Total 118,519    
Accumulated Depreciation (1,104)    
Net Book Value 117,415    
Depreciation Life (in years) 40 years    
Westin Washington, D.C. City Center [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances (74,000)    
Initial Cost - Land 24,579    
Initial Cost - Buildings and Improvements 122,229    
Costs Capitalized Subsequent to Acquisition 0    
Gross Amount at End of Year - Land 24,579    
Gross Amount at End of Year - Buildings and Improvements 122,229    
Gross Amount at End of Year - Total 146,808    
Accumulated Depreciation (1,412)    
Net Book Value 145,396    
Depreciation Life (in years) 40 years    
Vail Marriott Mountain Resort & Spa [Member]
      
Real Estate and Accumulated Depreciation [Line Items]      
Encumbrances 0    
Initial Cost - Land 5,800    
Initial Cost - Buildings and Improvements 52,463    
Costs Capitalized Subsequent to Acquisition 1,816    
Gross Amount at End of Year - Land 5,800    
Gross Amount at End of Year - Buildings and Improvements 54,279    
Gross Amount at End of Year - Total 60,079    
Accumulated Depreciation (10,128)    
Net Book Value $ 49,951    
Depreciation Life (in years) 40 years