Hotel Acquisitions (Tables)

12 Months Ended

Dec. 31, 2012

Royalton / Morgans [Member]

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of assets acquired and liabilities assumed in our acquisition (in thousands):

Assets
Investment in hotels(a)	$	136,035
Restricted cash	2,500
Accounts receivable	635
Other assets	322
Total assets acquired	139,492
Liabilities
Accrued expenses and other liabilities	1,507
Net assets acquired	$	137,985

(a) Investment in hotels was allocated to land ($48.7 million), building and improvements ($78.3 million) and furniture, fixtures and equipment ($9.0 million).

Business Acquisition, Pro Forma Information

The consolidated unaudited pro forma results of operations are as follows (in thousands, except per share/unit data):

	Year Ended December 31,
	(unaudited)
	2011			2010
Total revenues	$	866,497		$	809,018
Net loss	$	(132,087	)	$	(225,876	)
Earnings per share/unit - basic and diluted	$	(1.45	)	$	(3.25	)

Fairmont Copley Plaza [Member]

Business Acquisition [Line Items]

Business Acquisition, Pro Forma Information

The consolidated unaudited pro forma results of operations are as follows (in thousands, except per share/unit data):

	Year Ended December 31, (unaudited)
	2010
Total revenues	$	799,987
Net loss	$	(227,360	)
Earnings per share/unit - basic and diluted	$	(3.27	)