XML 76 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Discontinued Operations
12 Months Ended
Dec. 31, 2012
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations

Discontinued operations include results of operations for ten hotels sold in 2012, eight hotels sold in 2011, and three hotels disposed in 2010.

Results of operations for the hotels included in discontinued operations are as follows:
 
 
Year Ended December 31,
 
 
2012
 
2011
 
2010
Hotel operating revenue
 
$
60,238

 
 
$
132,988

 
 
$
184,138

 
Operating expenses(a) 
 
(52,942
)
 
 
(133,051
)
 
 
(300,950
)
 
Operating income (loss) from discontinued operations
 
7,296

 
 
(63
)
 
 
(116,812
)
 
Interest expense, net
 
(2,037
)
 
 
(5,294
)
 
 
(12,135
)
 
Debt extinguishment
 
(790
)
 
 
3,282

 
 
14,865

 
Loss on involuntary conversion
 

 
 
(12
)
 
 

 
Gain on sale, net
 
54,459

 
 
4,714

 
 

 
Income (loss) from discontinued operations
 
$
58,928

 
 
$
2,627

 
 
$
(114,082
)
 

(a)
Includes impairment charges of $1.3 million, $8.9 million and $121.1 million for the years ended December 31, 2012, 2011 and 2010, respectively.