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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Property and equipment, at cost $ 3,173,959 $ 3,131,175
Less: accumulated depreciation (573,332) (519,721)
Property and equipment, net 2,600,627 2,611,454
Deferred financing costs, net 8,719 9,724
Restricted cash 88,115 76,131
Due from hotel managers 86,129 68,532
Note receivable 48,661 53,792
Favorable lease assets, net 40,452 40,972
Prepaid and other assets 77,904 73,814
Cash and cash equivalents 54,251 9,623
Total assets 3,004,858 2,944,042
Liabilities:    
Mortgage debt 1,064,074 968,731
Senior unsecured credit facility 0 20,000
Total debt 1,064,074 988,731
Deferred income related to key money, net 24,168 24,362
Unfavorable contract liabilities, net 79,103 80,043
Due to hotel managers 55,631 51,003
Dividends declared and unpaid 16,919 15,911
Accounts payable and accrued expenses 91,025 88,879
Total other liabilities 266,846 260,198
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; 195,470,791 and 195,145,707 shares issued and outstanding at June 30, 2013 and December 31, 2012, respectively 1,955 1,951
Additional paid-in capital 1,977,520 1,976,200
Accumulated deficit (305,537) (283,038)
Total stockholders’ equity 1,673,938 1,695,113
Total liabilities and stockholders’ equity $ 3,004,858 $ 2,944,042