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Concentration (Tables)
 12 Months Ended
Dec. 31, 2012
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   $ 67,656     11 % $ 677,948     10 %

Marriott (No. 234)

     68     101,837     15 %   951,489     13 %

Marriott (No. 5)

     1     9,749     2 %   90,078     1 %

InterContinental

     91     135,159     22 %   1,362,904     19 %

Sonesta No. 1

     20     37,081     6 %   491,638     7 %

Sonesta No. 2

     1     2,564     0 %   31,424     0 %

Hyatt

     22     22,037     4 %   301,942     4 %

Wyndham

     21     16,728     3 %   235,442     3 %

Carlson

     11     12,920     2 %   209,895     3 %

Morgans

     1     5,956     1 %   120,000     2 %

TA (No. 1)(2)

     145     154,105     25 %   1,951,806     27 %

TA (No. 2)

     40     57,720     9 %   746,805     11 %
                       

Total

     474   $ 623,512     100 % $ 7,171,371     100 %
                       
(1)
Represents historical cost of properties plus capital improvements funded by us less impairment writedowns, if any, and excludes capital improvements made from FF&E reserves funded from hotel operations.

(2)
The minimum rent amount for the TA No. 1 lease includes approximately $5,126 of ground rent due to us from TA in 2013.
Summary of financial information of significant tenant

 

 

 

 

For the Year Ended December 31,

Operations

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

Total revenues

 

  $

7,995,724

 

  $

7,888,857

 

  $

5,962,481

Total cost of goods sold

 

6,909,724

 

6,850,039

 

5,019,630

Net income (loss)

 

32,198

 

23,574

 

(66,690)

 

 

 

 

 

 

 

Cash Flows

 

 

 

 

 

 

Net cash provided by operating activities

 

83,072

 

30,141

 

30,893

Net cash used in investing activities

 

(172,474)

 

(86,798)

 

59,544

Net cash provided by (used in) financing activities

 

6,322

 

49,547

 

(1,628)

Net decrease in cash

 

(83,066)

 

(7,141)

 

(30,236)

Cash and cash equivalents at the beginning of the period

 

118,255

 

125,396

 

155,632

Cash and cash equivalents at the end of the period

 

35,189

 

118,255

 

125,396

 

 

 

 

 

 

 

 

 

As of December 31,

Financial Position

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

Current assets

 

  $

393,488

 

  $

484,250

 

  $

407,426

Noncurrent assets

 

624,793

 

532,281

 

483,666

Current liabilities

 

283,127

 

289,566

 

239,055

Noncurrent liabilities

 

381,720

 

408,364

 

412,521

Total shareholders’ equity

 

353,434

 

318,601

 

239,516