XML 54 R12.htm IDEA: XBRL DOCUMENT

Investments in Affiliates

3 Months Ended

Mar. 23, 2012

5.	Investments in Affiliates

On March 6, 2012, the Asia/Pacific JV acquired the 278-room Citigate Perth in Australia for A$61 million ($64 million). The Asia/Pacific JV expects to invest approximately A$17 million ($18 million) to upgrade and rebrand the hotel as a Four Points by Sheraton. We contributed A$14 million ($16 million) to the Asia/Pacific JV in connection with this acquisition.