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Discontinued Operations
 3 Months Ended
Mar. 31, 2012
Discontinued Operations [Abstract]  
Discontinued Operations [Text Block]
Discontinued Operations

We had six hotels held for sale at March 31, 2012.  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 six hotels designated as held for sale at March 31, 2012 and eight hotels sold in 2011.  The following table summarizes the condensed financial information for those hotels (in thousands):

 
Three Months Ended
 
March 31,
 
2012
 
2011
Hotel operating revenue
$
14,362

 
 
$
30,322

 
Operating expenses
(11,593
)
 
 
(26,456
)
 
Operating income from discontinued operations
2,769

 
 
3,866

 
Interest expense, net
(722
)
 
 
(1,077
)
 
Debt extinguishment
—

 
 
(7
)
 
Income from discontinued operations
$
2,047

 
 
$
2,782