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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2016
Business Combinations [Abstract] |
Schedule of Acquired Assets and Liabilities | The following table summarizes the estimated fair values of the assets acquired and liabilities assumed in our acquisitions (in thousands):
|  | Shorebreak Hotel |  | Sheraton Suites Key West
Land |  | $ | 19,908 |  |  | $ | 49,592 |
Building and improvements |  | 37,525 |  |  | 42,958 |
Furniture, fixtures and equipment |  | 1,338 |  |  | 1,378 |
Total fixed assets |  | 58,771 |  |  | 93,928 |
Unfavorable lease liability |  | (349 | ) |  | — |
Other assets and liabilities, net |  | 401 |  |  | 500 |
Total |  | $ | 58,823 |  |  | $ | 94,428 |
Pro Forma Operating Information | The following pro forma financial information for 2015 presents our results of operations (in thousands, except per share data) as if the hotels acquired in 2015 were acquired on January 1, 2014. The pro forma information is not necessarily indicative of the results that actually would have occurred nor does it indicate future operating results.
| Year Ended December 31, 2015
| (unaudited)
Revenues | $ | 942,547 |
Net income | $ | 89,184 |
Earnings per share: |
Basic earnings per share | $ | 0.44 |
Diluted earnings per share | $ | 0.44 |

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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=73530397&loc=d3e4845-128472 + Details
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