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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
ASSETS    
Property and equipment, at cost $ 3,207,378 $ 3,131,175
Less: accumulated depreciation (599,343) (519,721)
Property and equipment, net 2,608,035 2,611,454
Deferred financing costs, net 7,947 9,724
Restricted cash 86,556 76,131
Due from hotel managers 80,690 68,532
Note receivable 49,356 53,792
Favorable lease assets, net 40,194 40,972
Prepaid and other assets 81,000 73,814
Cash and cash equivalents 43,448 9,623
Total assets 2,997,226 2,944,042
Liabilities:    
Mortgage debt 1,060,299 968,731
Senior unsecured credit facility 0 20,000
Total debt 1,060,299 988,731
Deferred income related to key money, net 23,900 24,362
Unfavorable contract liabilities, net 78,633 80,043
Due to hotel managers 55,785 51,003
Dividends declared and unpaid 17,006 15,911
Accounts payable and accrued expenses 94,845 88,879
Total other liabilities 270,169 260,198
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 September 30, 2013 and December 31, 2012, respectively 1,955 1,951
Additional paid-in capital 1,978,505 1,976,200
Accumulated deficit (313,702) (283,038)
Total stockholders’ equity 1,666,758 1,695,113
Total liabilities and stockholders’ equity $ 2,997,226 $ 2,944,042