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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Rooms $ 171,047 $ 145,447 $ 465,871 $ 415,887
Food and beverage 45,504 46,214 146,297 145,804
Other 12,666 12,684 37,067 36,530
Total revenues 229,217 204,345 649,235 598,221
Operating Expenses:        
Rooms 42,534 39,250 121,783 112,467
Food and beverage 32,662 33,443 101,855 103,259
Management fees 8,330 7,007 22,083 18,925
Other hotel expenses 75,180 73,082 220,335 213,282
Depreciation and amortization 25,327 25,663 75,576 78,521
Hotel acquisition costs 1,198 23 1,279 46
Corporate expenses 6,368 4,932 15,878 18,055
Gain on insurance proceeds (554) 0 (1,825) 0
Gain on litigation settlement, net 0 0 (10,999) 0
Total operating expenses, net 191,045 183,400 545,965 544,555
Operating profit 38,172 20,945 103,270 53,666
Other Expenses (Income):        
Interest income (156) (1,659) (2,766) (4,603)
Interest expense 14,691 14,471 43,816 42,511
Other income, net (50) 0 (50) 0
Loss (Gain) on sale of hotel property 40 0 (1,251) 0
Gain on hotel property acquisition (23,894) 0 (23,894) 0
Gain on prepayment of note receivable 0 0 (13,550) 0
Total other (income) expenses, net (9,369) 12,812 2,305 37,908
Income from continuing operations before income taxes 47,541 8,133 100,965 15,758
Income tax (expense) benefit (3,733) (454) (1,203) 1,241
Income from continuing operations 43,808 7,679 99,762 16,999
Income from discontinued operations, net of taxes 0 885 0 2,510
Net income $ 43,808 $ 8,564 $ 99,762 $ 19,509
Earnings per share:        
Continuing operations (in dollars per share) $ 0.22 $ 0.04 $ 0.51 $ 0.09
Discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.01
Basic and diluted earnings per share (in dollars per share) $ 0.22 $ 0.04 $ 0.51 $ 0.10