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Acquisitions (Tables)
 12 Months Ended
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