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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
ASSETS    
Property and equipment, at cost $ 3,168,088 $ 3,131,175
Less: accumulated depreciation (600,555) (519,721)
Property and equipment, net 2,567,533 2,611,454
Restricted cash 89,106 76,131
Due from hotel managers 69,353 68,532
Note receivable 50,084 53,792
Favorable lease assets, net 39,936 40,972
Prepaid and other assets 79,474 73,814
Cash and cash equivalents 144,584 9,623
Deferred financing costs, net 7,702 9,724
Total assets 3,047,772 2,944,042
Liabilities:    
Mortgage debt 1,091,861 968,731
Senior unsecured credit facility 0 20,000
Total debt 1,091,861 988,731
Deferred income related to key money, net 23,707 24,362
Unfavorable contract liabilities, net 78,093 80,043
Due to hotel managers 54,225 51,003
Dividends declared and unpaid 16,981 15,911
Accounts payable and accrued expenses 102,214 88,879
Total other liabilities 275,220 260,198
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 December 31, 2013 and 2012, respectively 1,955 1,951
Additional paid-in capital 1,979,613 1,976,200
Accumulated deficit (300,877) (283,038)
Total stockholders’ equity 1,680,691 1,695,113
Total liabilities and stockholders’ equity $ 3,047,772 $ 2,944,042