Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Condensed Financial Information for Discontinued Operations

Discontinued operations primarily include results of operations for one hotel designated as held for sale at September 30, 2013, four hotels sold during the nine months ended September 30, 2013, and ten hotels sold in 2012. The following table summarizes the condensed financial information for those hotels (in thousands):



	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2013			2012			2013			2012
Hotel operating revenue	$	5,038		$	19,353		$	25,045		$	86,968
Operating expenses^(a)	(4,859		)	(18,612		)	(25,180		)	(76,877		)
Operating income (loss) from discontinued operations	179			741			(135		)	10,091
Interest expense, net	—			(1,031		)	—			(4,527		)
Debt extinguishment	—			(1,409		)	—			(2,100		)
Gain on involuntary conversion, net	66			—			66			—
Gain on sale of hotels, net	11,809			9,922			19,068			26,641
Income from discontinued operations	$	12,054		$	8,223		$	18,999		$	30,105

(a) Includes impairment charges of $3.3 million and $1.3 million for the nine months ended September 30, 2013 and 2012, respectively.

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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