v2.4.0.8
Combined Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Operating revenue        
Room revenue $ 221,597 $ 196,642 $ 635,975 $ 548,539
Food and beverage revenue 22,907 21,345 71,206 63,231
Other operating department revenue 7,891 6,263 21,450 17,360
Total revenue 252,395 224,250 728,631 629,130
Operating expense        
Room expense 49,497 43,299 139,858 120,755
Food and beverage expense 16,629 15,135 50,406 45,045
Management fee expense 8,783 7,877 25,554 21,760
Other operating expense 74,631 67,098 214,330 190,091
Total property operating expense 149,540 133,409 430,148 377,651
Depreciation and amortization 31,575 30,737 94,819 95,681
Impairment loss 0 896 0 896
Property tax, insurance and other 16,651 14,175 47,929 39,180
General and administrative 8,969 8,101 26,861 22,809
Transaction and pursuit costs 478 326 2,822 3,140
Total operating expense 207,213 187,644 602,579 539,357
Operating income 45,182 36,606 126,052 89,773
Other income 164 68 334 258
Interest income 241 416 777 1,253
Interest expense (16,511) (20,723) (50,171) (61,029)
Loss on disposal 0 0 0 (634)
Gain on foreclosure 4,831 0 4,831 0
Income from continuing operations before income tax expense 33,907 16,367 81,823 29,621
Income tax expense (181) (339) (752) (1,214)
Income from continuing operations 33,726 16,028 81,071 28,407
Income (loss) from discontinued operations 3,202 (727) 5,426 (1,008)
Net income 36,928 15,301 86,497 27,399
Net (income) loss attributable to non-controlling interests        
Noncontrolling interest in consolidated joint venture (166) 44 (321) 452
Noncontrolling interest in common units of Operating Partnership (293) (149) (700) (283)
Net income attributable to common shareholders 36,469 15,196 85,476 27,568
Basic per common share data:        
Net income per share attributable to common shareholders before discontinued operations (in dollars per share) $ 0.27 $ 0.15 $ 0.68 $ 0.27
Discontinued operations (in dollars per share) $ 0.03 $ (0.01) $ 0.05 $ (0.01)
Net income per share attributable to common shareholders (in dollars per share) $ 0.30 $ 0.14 $ 0.73 $ 0.26
Weighted-average number of common shares (in shares) 121,594,219 105,453,978 116,697,417 105,392,071
Diluted per common share data:        
Net income per share attributable to common shareholders before discontinued operations (in dollars per share) $ 0.27 $ 0.15 $ 0.67 $ 0.27
Discontinued operations (in dollars per share) $ 0.03 $ (0.01) $ 0.05 $ (0.01)
Net income per share attributable to common shareholders (in dollars per share) $ 0.30 $ 0.14 $ 0.72 $ 0.26
Weighted-average number of common shares (in shares) 122,750,121 105,509,104 117,797,670 105,446,211
Amounts attributable to the Company’s common shareholders:        
Income from continuing operations 33,290 15,917 80,089 28,568
Income (loss) from discontinued operations 3,179 (721) 5,387 (1,000)
Net income attributable to common shareholders 36,469 15,196 85,476 27,568
Comprehensive income        
Unrealized (loss) gain on interest rate derivatives (15,956) 389 (11,429) 764
Comprehensive income attributable to the Company $ 20,513 $ 15,585 $ 74,047 $ 28,332