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Discontinued Operations
 12 Months Ended
Dec. 31, 2011
Discontinued Operations [Abstract]  
Discontinued Operations [Text Block]
Discontinued Operations

Discontinued operations include results of operations for eight hotels sold in 2011, three hotels disposed in 2010 and two hotels sold in 2009.  

Results of operations for the hotels included in discontinued operations are as follows:
 
 
Year Ended December 31,
 
 
2011
 
2010
 
2009
Hotel operating revenue
 
$
42,148

 
$
98,008

 
$
116,888

Operating expenses(a) 
 
(42,975
)
 
(160,978
)
 
(124,517
)
Operating loss from discontinued operations
 
(827
)
 
(62,970
)
 
(7,629
)
Interest expense, net
 
(817
)
 
(4,596
)
 
(6,064
)
Debt extinguishment
 
(199
)
 
15,151

 
—

Gain on sale, net of tax
 
4,714

 
—

 
910

Income (loss) from discontinued operations
 
$
2,871

 
$
(52,415
)
 
$
(12,783
)

(a)
Includes impairment charges of $6.2 million, $67.3 million and $3.4 million for the years ended December 31, 2011, 2010 and 2009, respectively.

In 2009, we recorded a $1.8 million adjustment to gains on sale resulting from a change in the federal tax law that allowed for the recovery of previously paid alternative minimum taxes on gains from hotel sales in 2006 and 2007.  This adjustment was offset by net losses of $911,000 (primarily related to selling costs) recorded on the sale of two hotels.