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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Assets    
Investment in hotels and other properties, net $ 3,704,801 $ 3,241,163
Cash and cash equivalents 274,440 332,248
Restricted cash reserves 59,484 62,430
Hotel and other receivables, net of allowance of $233 and $234, respectively 37,574 22,762
Deferred financing costs, net 9,866 11,599
Deferred income tax asset 2,941 2,529
Purchase deposits 1,000 7,246
Prepaid expense and other assets 43,882 37,997
Total assets 4,133,988 3,717,974
Liabilities and Equity    
Mortgage loans 533,335 559,665
Term loans 1,025,000 850,000
Accounts payable and accrued expense 125,752 115,011
Deferred income tax liability 3,325 3,548
Advance deposits and deferred revenue 13,074 9,851
Accrued interest 2,711 2,695
Distributions payable 41,834 30,870
Total liabilities 1,745,031 1,571,640
Commitments and Contingencies (Note 10)      
Shareholders’ equity:    
Preferred shares of beneficial interest, $0.01 par value, 50,000,000 shares authorized; zero shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively 0 0
Common shares of beneficial interest, $0.01 par value, 450,000,000 shares authorized; 132,024,296 and 122,640,042 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively 1,319 1,226
Additional paid-in-capital 2,417,759 2,178,004
Accumulated other comprehensive loss (7,287) (5,941)
Distributions in excess of net earnings (40,369) (45,522)
Total shareholders’ equity 2,371,422 2,127,767
Noncontrolling interest    
Noncontrolling interest in joint venture 6,226 7,306
Noncontrolling interest in Operating Partnership 11,309 11,261
Total noncontrolling interest 17,535 18,567
Total equity 2,388,957 2,146,334
Total liabilities and equity $ 4,133,988 $ 3,717,974