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Concentration (Tables)
 12 Months Ended
Dec. 31, 2011
Concentration  
Schedule of minimum return payments and minimum rents, for each management or lease agreement

 

Agreement Reference Name
  Number of
Properties 		  Minimum Return/
Minimum Rent 		  % of
Total 		  Investment(1)   % of
Total 		 

Marriott (No. 1)

     53   $ 67,557     12 % $ 676,948     10 %

Marriott (No. 234)

     71     98,854     17 %   957,026     15 %

Marriott (No. 5)

     1     9,495     2 %   90,078     1 %

InterContinental

     130     156,220     28 %   1,820,743     27 %

Hyatt

     22     22,037     4 %   301,942     5 %

Carlson

     11     12,920     2 %   202,251     3 %

TA (No. 1)(2)

     145     144,391     25 %   1,897,029     28 %

TA (No. 2)

     40     55,852     10 %   725,407     11 %
                       

Total

     473   $ 567,326     100 % $ 6,671,424     100 %
                       
(1)
Amounts exclude expenditures made from FF&E reserves funded from hotel operations, but include amounts funded by us separately.

(2)
In addition to minimum rents, the minimum rent amount for the TA No. 1 lease includes approximately $5,069 of ground rent due to us from TA in 2012.
Summary of financial information of significant tenant

 

 

 

 

For the Year Ended December 31,

 

 

 

2011

 

2010

 

2009

 

Operations

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

7,888,857

 

$

5,962,481

 

$

4,699,820

 

Total cost of goods sold

 

6,850,039

 

5,019,630

 

3,822,277

 

Net income (loss)

 

23,574

 

(66,690

)

(95,085

)

 

 

 

 

 

 

 

 

Cash Flows

 

 

 

 

 

 

 

Net cash provided by operating activities

 

30,141

 

29,933

 

52,708

 

Net cash used in investing activities

 

(86,798

)

(58,584

)

(42,644

)

Net cash provided by (used in) financing activities

 

49,547

 

(1,628

)

—

 

Net increase (decrease) in cash

 

(7,141

)

(30,236

)

10,116

 

Cash and cash equivalents at the beginning of the period

 

125,396

 

155,632

 

145,516

 

Cash and cash equivalents at the end of the period

 

118,255

 

125,396

 

155,632

 

 

 

 

As of December 31,

 

Financial Position

 

2011

 

2010

 

2009

 

Current assets

 

$

484,250

 

$

407,426

 

$

410,598

 

Noncurrent assets

 

532,281

 

483,666

 

467,012

 

Current liabilities

 

287,748

 

239,055

 

219,685

 

Noncurrent liabilities

 

410,182

 

412,521

 

353,842

 

Total shareholders’ equity

 

318,601

 

239,516

 

304,083