XML 29 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
ASSETS    
Property and equipment, at cost $ 3,153,041 $ 3,131,175
Less: accumulated depreciation (546,390) (519,721)
Property and equipment, net 2,606,651 2,611,454
Deferred financing costs, net 9,481 9,724
Restricted cash 90,107 76,131
Due from hotel managers 71,208 68,532
Note receivable 49,495 53,792
Favorable lease assets, net 40,711 40,972
Prepaid and other assets 71,131 73,814
Cash and cash equivalents 77,375 9,623
Total assets 3,016,159 2,944,042
Liabilities:    
Mortgage debt 1,067,661 968,731
Senior unsecured credit facility 10,000 20,000
Total debt 1,077,661 988,731
Deferred income related to key money, net 24,097 24,362
Unfavorable contract liabilities, net 79,573 80,043
Due to hotel managers 50,549 51,003
Dividends declared and unpaid 16,862 15,911
Accounts payable and accrued expenses 92,876 88,879
Total other liabilities 263,957 260,198
Stockholders' Equity:    
Preferred stock, $0.01 par value; 10,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.01 par value; 400,000,000 shares authorized; 195,419,755 and 195,145,707 shares issued and outstanding at March 31, 2013 and December 31, 2012, respectively 1,954 1,951
Additional paid-in capital 1,976,473 1,976,200
Accumulated deficit (303,886) (283,038)
Total stockholders' equity 1,674,541 1,695,113
Total liabilities and stockholders' equity $ 3,016,159 $ 2,944,042