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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2014
Business Combinations [Abstract] |
Schedule of Acquired Assets and Liabilities | The following table summarizes the preliminary estimated fair value of the assets acquired and liabilities assumed in our acquisitions (in thousands):
|  | Inn at Key West |  | Hilton Garden Inn Times Square Central |  | Westin Fort Lauderdale Beach Resort
Land |  | $ | 32,888 |  |  | $ | 60,300 |  |  | $ | 54,293 |
Building and improvements |  | 13,371 |  |  | 88,896 |  |  | 83,227 |
Furnitures, fixtures and equipment |  | 1,241 |  |  | 6,204 |  |  | 11,480 |
Total fixed assets |  | 47,500 |  |  | 155,400 |  |  | 149,000 |
Other assets and liabilities, net |  | 326 |  |  | 370 |  |  | 12 |
Total |  | $ | 47,826 |  |  | $ | 155,770 |  |  | $ | 149,012 |
Pro Forma Operating Information | The pro forma information is not necessarily indicative of the results that actually would have occurred nor does it indicate future operating results.
| Years Ended December 31,
| 2014 |  | 2013
| (unaudited)
Revenues | $ | 918,273 |  |  | $ | 846,099 |
Income from continuing operations | 168,754 |  |  | 29,074 |
Net income | 168,754 |  |  | 54,312 |
Basic earnings per share: |  |  |
Continuing operations | $ | 0.86 |  |  | $ | 0.15 |
Net income | $ | 0.86 |  |  | $ | 0.28 |
Diluted earnings per share: |  |  |
Continuing operations | $ | 0.86 |  |  | $ | 0.15 |
Net income | $ | 0.86 |  |  | $ | 0.28 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
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