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Discontinued Operations
9 Months Ended
Sep. 30, 2011
Discontinued Operations [Abstract] 
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
Discontinued Operations

We had one hotel held for sale at September 30, 2011.  We consider a sale to be probable within the next twelve months (for purposes of determining whether a hotel is held for sale) when a buyer completes its due diligence review, we have an executed contract for sale, and we have received a substantial non-refundable deposit.

Discontinued operations include results of operations for one hotel designated as held for sale at September 30, 2011 (sale completed in October 2011), six hotels sold in 2011, and three hotels disposed in 2010.  The following table summarizes the condensed financial information for those hotels (in thousands):

 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2011
 
2010
 
2011
 
2010
Hotel operating revenue
$
2,990

 
 
$
20,976

 
 
$
27,517

 
 
$
64,009

 
Operating expenses
(3,319
)
(a) 
 
(63,888
)
(b) 
 
(25,733
)
(a) 
 
(129,566
)
(b) 
Operating income (loss) from discontinued
    operations
$
(329
)
 
 
$
(42,912
)
 
 
$
1,784

 
 
$
(65,557
)
 
Interest expense, net
(108
)
 
 
(1,082
)
 
 
(817
)
 
 
(3,914
)
 
Debt extinguishment
(142
)
 
 
8,250

 
 
(199
)
 
 
8,124

 
Gain on sale of hotels, net
701

 
 
—

 
 
7,362

 
 
—

 
Income (loss) from discontinued operations
$
122

 
 
$
(35,744
)
 
 
$
8,130

 
 
$
(61,347
)
 

(a)
Includes a $946,000 impairment charge for the three months ended September 30, 2011 and a $1.5 million impairment charge for the nine months ended September 30, 2011.
(b)
Includes a $41.7 million impairment charge for the three months ended September 30, 2010 and a $62.8 million impairment charge for the nine months ended September 30, 2010.