Note Receivable	3 Months Ended
Mar. 31, 2013
Accounts and Notes Receivable, Net [Abstract]
Note Receivable	Note Receivable We own a senior mortgage loan secured by the 443-room Allerton Hotel in Chicago, Illinois, which we acquired in 2010 for approximately $60.6 million (the "Allerton Loan"). The Allerton Loan, which had an original principal balance of $69.0 million, had matured prior to our acquisition and was in default. On January 18, 2013, we closed on a settlement of the bankruptcy and related litigation involving the Allerton Loan. As a result of the settlement, we received a $5.0 million cash principal payment and entered into a new $66.0 million mortgage loan with a four-year term (plus an additional one-year extension option), bearing annual interest at a fixed rate of 5.5%. The settlement is considered a restructuring of the original loan. Therefore, the carrying basis of the previous note receivable remains the carrying basis of the new note receivable. The discount resulting from the difference between our carrying basis and the $66.0 million new Allerton Loan is recorded as interest income on a level yield basis over the anticipated term of the loan, which includes the one-year extension option. Based on the settlement, we changed the classification of the Allerton Loan from non-accrual status to accrual status during the first quarter. We recorded $1.3 million of interest income on the Allerton Loan for the fiscal quarter ended March 31, 2013, of which $0.5 million is the amortization of the discount and the remainder is contractual interest income earned. We evaluate the potential impairment of the carrying value of the Allerton loan based on the anticipated cash receipts, as well as the underlying estimated fair value of the hotel and as of March 31, 2013, there was no impairment.

Note Receivable

3 Months Ended

Mar. 31, 2013

Accounts and Notes Receivable, Net [Abstract]

We own a senior mortgage loan secured by the 443-room Allerton Hotel in Chicago, Illinois, which we acquired in 2010 for approximately $60.6 million (the "Allerton Loan"). The Allerton Loan, which had an original principal balance of $69.0 million, had matured prior to our acquisition and was in default. On January 18, 2013, we closed on a settlement of the bankruptcy and related litigation involving the Allerton Loan. As a result of the settlement, we received a $5.0 million cash principal payment and entered into a new $66.0 million mortgage loan with a four-year term (plus an additional one-year extension option), bearing annual interest at a fixed rate of 5.5%. The settlement is considered a restructuring of the original loan. Therefore, the carrying basis of the previous note receivable remains the carrying basis of the new note receivable. The discount resulting from the difference between our carrying basis and the $66.0 million new Allerton Loan is recorded as interest income on a level yield basis over the anticipated term of the loan, which includes the one-year extension option. Based on the settlement, we changed the classification of the Allerton Loan from non-accrual status to accrual status during the first quarter. We recorded $1.3 million of interest income on the Allerton Loan for the fiscal quarter ended March 31, 2013, of which $0.5 million is the amortization of the discount and the remainder is contractual interest income earned.

We evaluate the potential impairment of the carrying value of the Allerton loan based on the anticipated cash receipts, as well as the underlying estimated fair value of the hotel and as of March 31, 2013, there was no impairment.