2015 Q2 Form 10-Q Financial Statement

#000123258215000124 Filed on August 10, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $369.3M $208.2M
YoY Change 77.43% -19.25%
Cost Of Revenue $242.1M $144.7M
YoY Change 67.31% -14.07%
Gross Profit $127.2M $63.40M
YoY Change 100.63% -29.63%
Gross Profit Margin 34.44% 30.46%
Selling, General & Admin $14.60M $19.50M
YoY Change -25.13% 32.65%
% of Gross Profit 11.48% 30.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $52.60M $26.60M
YoY Change 97.74% -18.9%
% of Gross Profit 41.35% 41.96%
Operating Expenses $67.20M $46.00M
YoY Change 46.09% -3.16%
Operating Profit $35.20M $17.47M
YoY Change 101.54% -57.74%
Interest Expense -$45.60M -$21.50M
YoY Change 112.09% -159.68%
% of Operating Profit -129.55% -123.1%
Other Income/Expense, Net -$2.283M $2.000M
YoY Change -214.15% 566.67%
Pretax Income -$12.67M -$2.063M
YoY Change 514.06% -125.58%
Income Tax $2.089M $312.0K
% Of Pretax Income
Net Earnings -$12.24M -$1.586M
YoY Change 672.01% -122.32%
Net Earnings / Revenue -3.32% -0.76%
Basic Earnings Per Share -$0.21 -$0.11
Diluted Earnings Per Share -$0.21 -$0.11
COMMON SHARES
Basic Shares Outstanding 99.76M shares 88.78M shares
Diluted Shares Outstanding 99.76M shares 88.78M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $282.1M $247.2M
YoY Change 14.11% -10.09%
Cash & Equivalents $282.1M $212.3M
Short-Term Investments $34.94M
Other Short-Term Assets $17.70M $11.80M
YoY Change 50.0% -22.88%
Inventory $4.358M $2.005M
Prepaid Expenses
Receivables $94.50M $55.50M
Other Receivables $0.00 $0.00
Total Short-Term Assets $398.7M $281.6M
YoY Change 41.58% -22.47%
LONG-TERM ASSETS
Property, Plant & Equipment $4.236B $2.080B
YoY Change 103.7% -29.23%
Goodwill
YoY Change
Intangibles $11.44M
YoY Change
Long-Term Investments $119.7M $198.4M
YoY Change -39.66% 28.69%
Other Assets $189.0M $96.20M
YoY Change 96.47% 4.45%
Total Long-Term Assets $4.582B $2.418B
YoY Change 89.46% -25.1%
TOTAL ASSETS
Total Short-Term Assets $398.7M $281.6M
Total Long-Term Assets $4.582B $2.418B
Total Assets $4.981B $2.700B
YoY Change 84.47% -24.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.50M $2.400M
YoY Change 379.17% -14.29%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $39.20M $110.8M
YoY Change -64.62% 244.1%
LONG-TERM LIABILITIES
Long-Term Debt $3.651B $1.777B
YoY Change 105.5% -25.4%
Other Long-Term Liabilities $26.50M $7.900M
YoY Change 235.44% 2.6%
Total Long-Term Liabilities $3.678B $1.785B
YoY Change 106.08% -25.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $39.20M $110.8M
Total Long-Term Liabilities $3.678B $1.785B
Total Liabilities $3.854B $1.898B
YoY Change 103.05% -24.65%
SHAREHOLDERS EQUITY
Retained Earnings -$719.0M -$998.6M
YoY Change -28.0% 19.55%
Common Stock $1.249M $1.249M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $108.6M $125.9M
YoY Change -13.74% -11.46%
Treasury Stock Shares 23.67M shares 35.61M shares
Shareholders Equity $975.8M $598.8M
YoY Change
Total Liabilities & Shareholders Equity $4.981B $2.700B
YoY Change 84.47% -24.83%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$12.24M -$1.586M
YoY Change 672.01% -122.32%
Depreciation, Depletion And Amortization $52.60M $26.60M
YoY Change 97.74% -18.9%
Cash From Operating Activities $50.00M $51.30M
YoY Change -2.53% -8.23%
INVESTING ACTIVITIES
Capital Expenditures -$369.8M -$32.40M
YoY Change 1041.36% -71.35%
Acquisitions
YoY Change
Other Investing Activities $11.10M -$20.90M
YoY Change -153.11% -10550.0%
Cash From Investing Activities -$358.5M -$53.40M
YoY Change 571.35% -52.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 235.0M 60.20M
YoY Change 290.37% -38.19%
NET CHANGE
Cash From Operating Activities 50.00M 51.30M
Cash From Investing Activities -358.5M -53.40M
Cash From Financing Activities 235.0M 60.20M
Net Change In Cash -73.50M 58.10M
YoY Change -226.51% 43.46%
FREE CASH FLOW
Cash From Operating Activities $50.00M $51.30M
Capital Expenditures -$369.8M -$32.40M
Free Cash Flow $419.8M $83.70M
YoY Change 401.55% -50.47%

Facts In Submission

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215063000 USD
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215063000 USD
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67010000 USD
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278280000 USD
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282073000 USD
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0.12
us-gaap Common Stock Dividends Per Share Declared
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CY2015Q2 us-gaap Common Stock Shares Authorized
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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309252000 USD
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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352050000 USD
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19377000 USD
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us-gaap Costs And Expenses
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359166000 USD
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334139000 USD
us-gaap Costs And Expenses
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552269000 USD
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3700000000 USD
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26532000 USD
us-gaap Depreciation And Amortization
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52684000 USD
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52616000 USD
us-gaap Depreciation And Amortization
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90480000 USD
us-gaap Depreciation Depletion And Amortization
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52841000 USD
us-gaap Depreciation Depletion And Amortization
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90480000 USD
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182000 USD
CY2015Q2 us-gaap Derivative Assets
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1768000 USD
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182000 USD
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1768000 USD
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0.0149
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0.0019
us-gaap Derivative Net Hedge Ineffectiveness Gain Loss
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0 USD
us-gaap Derivative Net Hedge Ineffectiveness Gain Loss
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0 USD
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us-gaap Direct Costs Of Hotels
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255881000 USD
CY2015Q2 us-gaap Direct Costs Of Hotels
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224556000 USD
us-gaap Direct Costs Of Hotels
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378428000 USD
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0.00
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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0.00
CY2015Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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0.00
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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0.00
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0.00
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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0.00
CY2015Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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0.00
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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0.00
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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us-gaap Equity Method Investment Dividends Or Distributions
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498000 USD
us-gaap Equity Method Investment Dividends Or Distributions
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498000 USD
us-gaap Equity Method Investment Other Than Temporary Impairment
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0 USD
us-gaap Equity Method Investment Other Than Temporary Impairment
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0 USD
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197000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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197000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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197000 USD
CY2015Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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197000 USD
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CY2014Q2 us-gaap Food And Beverage Cost Of Sales
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us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
38702000 USD
CY2015Q2 us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
42041000 USD
us-gaap Food And Beverage Cost Of Sales
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us-gaap Food And Beverage Revenue
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57253000 USD
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us-gaap Food And Beverage Revenue
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us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
3604000 USD
us-gaap Gain Loss On Sale Of Properties
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380705000 USD
CY2014Q2 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
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0 USD
us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
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3491000 USD
CY2015Q2 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
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0 USD
us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
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19451000 USD
us-gaap General And Administrative Expense
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CY2015Q2 us-gaap General And Administrative Expense
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3120000 USD
us-gaap General And Administrative Expense
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7960000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2015Q2 us-gaap Impairment Of Real Estate
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19900000 USD
us-gaap Impairment Of Real Estate
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19900000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations
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us-gaap Income Loss From Continuing Operations
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CY2015Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
309252000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
356094000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
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CY2015Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
353180000 USD
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IncomeLossFromContinuingOperationsPerBasicShare
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us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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CY2015Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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IncomeLossFromContinuingOperationsPerDilutedShare
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us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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CY2015Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
26000 USD
CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
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19000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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22000 USD
CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
CY2015Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
CY2014Q2 us-gaap Income Loss From Equity Method Investments
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7461000 USD
us-gaap Income Loss From Equity Method Investments
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3963000 USD
CY2015Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1907000 USD
us-gaap Income Loss From Equity Method Investments
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CY2014Q2 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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528000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
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2089000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2914000 USD
us-gaap Income Taxes Paid Net
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1009000 USD
us-gaap Income Taxes Paid Net
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4638000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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15492000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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16079000 USD
us-gaap Increase Decrease In Due To Affiliates
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us-gaap Increase Decrease In Due To Affiliates
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3473000 USD
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516000 USD
us-gaap Increase Decrease In Due To Related Parties
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-997000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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3363000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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4855000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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6866000 USD
us-gaap Increase Decrease In Restricted Cash
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21444000 USD
us-gaap Increase Decrease In Restricted Cash
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us-gaap Increase Decrease In Restricted Cash For Operating Activities
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4946000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
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12524000 USD
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11442000 USD
CY2014Q2 us-gaap Interest Expense Debt
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27788000 USD
us-gaap Interest Expense Debt
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56163000 USD
CY2015Q2 us-gaap Interest Expense Debt
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47495000 USD
us-gaap Interest Expense Debt
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82130000 USD
us-gaap Interest Paid
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us-gaap Interest Paid
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70400000 USD
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CY2015Q2 us-gaap Inventory Net
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4358000 USD
CY2014Q2 us-gaap Investment Advisory Management And Administrative Fees
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3945000 USD
us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
6139000 USD
CY2015Q2 us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
0 USD
us-gaap Investment Advisory Management And Administrative Fees
InvestmentAdvisoryManagementAndAdministrativeFees
0 USD
CY2014Q2 us-gaap Investment Income Interest
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12000 USD
us-gaap Investment Income Interest
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18000 USD
CY2015Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
30000 USD
us-gaap Investment Income Interest
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46000 USD
CY2014Q4 us-gaap Investments Fair Value Disclosure
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63217000 USD
CY2015Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
0 USD
CY2014Q4 us-gaap Land
Land
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CY2015Q2 us-gaap Land
Land
686901000 USD
CY2014Q4 us-gaap Liabilities
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CY2015Q2 us-gaap Liabilities
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3853733000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2781080000 USD
CY2015Q2 us-gaap Liabilities And Stockholders Equity
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4980801000 USD
CY2014Q4 us-gaap Long Term Debt
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1954103000 USD
CY2015Q2 us-gaap Long Term Debt
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3651355000 USD
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
1969000 USD
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
1906000 USD
CY2014Q2 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-944000 USD
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-943000 USD
CY2015Q2 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
1929000 USD
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
127000 USD
CY2014Q4 us-gaap Minority Interest
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us-gaap Minority Interest Change In Redemption Value
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63355000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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0 USD
CY2014Q4 us-gaap Minority Interest Ownership Percentage By Parent
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0.15
CY2015Q2 us-gaap Minority Interest Ownership Percentage By Parent
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0.15
us-gaap Net Cash Provided By Used In Financing Activities
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65131000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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604392000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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62378000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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80260000 USD
CY2014Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2015Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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309252000 USD
CY2014Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2015Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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14000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-20955000 USD
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-20735000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
292271000 USD
CY2014Q2 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
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5000 USD
us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
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CY2015Q2 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
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14000 USD
us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
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CY2015Q2 us-gaap Notes Receivable Net
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3646000 USD
us-gaap Notes Reduction
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69000000 USD
us-gaap Notes Reduction
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0 USD
us-gaap Number Of Operating Segments
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us-gaap Occupancy Costs
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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0 USD
CY2015Q2 us-gaap Occupancy Costs
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60735000 USD
us-gaap Occupancy Costs
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103888000 USD
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167484000 USD
us-gaap Occupancy Revenue
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CY2015Q2 us-gaap Occupancy Revenue
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291670000 USD
us-gaap Occupancy Revenue
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492660000 USD
CY2014Q2 us-gaap Operating Income Loss
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17465000 USD
us-gaap Operating Income Loss
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43858000 USD
CY2015Q2 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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29000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
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100000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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CY2015Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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CY2014Q2 us-gaap Other Direct Costs Of Hotels
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us-gaap Other Direct Costs Of Hotels
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130576000 USD
CY2015Q2 us-gaap Other Direct Costs Of Hotels
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108395000 USD
us-gaap Other Direct Costs Of Hotels
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183177000 USD
CY2014Q2 us-gaap Other Hotel Operating Revenue
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6644000 USD
us-gaap Other Hotel Operating Revenue
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13010000 USD
CY2015Q2 us-gaap Other Hotel Operating Revenue
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12473000 USD
us-gaap Other Hotel Operating Revenue
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21305000 USD
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1233000 USD
CY2015Q2 us-gaap Other Liabilities
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9760000 USD
CY2014Q2 us-gaap Other Nonoperating Income
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us-gaap Other Nonoperating Income
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3277000 USD
CY2015Q2 us-gaap Other Nonoperating Income
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us-gaap Other Nonoperating Income
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2047000 USD
CY2014Q2 us-gaap Other Sales Revenue Net
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1076000 USD
us-gaap Other Sales Revenue Net
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2141000 USD
CY2015Q2 us-gaap Other Sales Revenue Net
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430000 USD
us-gaap Other Sales Revenue Net
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1290000 USD
CY2014Q2 us-gaap Owned Property Management Costs
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us-gaap Owned Property Management Costs
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15819000 USD
CY2015Q2 us-gaap Owned Property Management Costs
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13385000 USD
us-gaap Owned Property Management Costs
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23042000 USD
us-gaap Payments To Minority Shareholders
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0 USD
us-gaap Weighted Average Numer Diluted Limited Partnership Units Outstanding Adjustment
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0 shares
us-gaap Payments For Capital Improvements
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us-gaap Payments For Capital Improvements
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us-gaap Payments For Fees
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298000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Proceeds From Other Investing Activities
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0 USD
us-gaap Payments For Purchase Of Securities Operating Activities
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us-gaap Payments For Purchase Of Securities Operating Activities
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96322000 USD
us-gaap Payments For Repurchase Of Common Stock
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458000 USD
us-gaap Payments For Repurchase Of Common Stock
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543000 USD
us-gaap Payments Of Debt Issuance Costs
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4033000 USD
us-gaap Payments Of Debt Issuance Costs
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36900000 USD
us-gaap Payments Of Dividends
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41625000 USD
us-gaap Payments Of Dividends
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45234000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1765000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
613449000 USD
CY2014Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
8491000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
16981000 USD
CY2015Q2 us-gaap Preferred Stock Dividends Income Statement Impact
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8491000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
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16981000 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
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CY2014Q4 us-gaap Preferred Stock Shares Authorized
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CY2015Q2 us-gaap Preferred Stock Shares Authorized
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50000000 shares
CY2014Q4 us-gaap Prepaid Expense Current And Noncurrent
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7017000 USD
CY2015Q2 us-gaap Prepaid Expense Current And Noncurrent
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us-gaap Proceeds From Collection Of Notes Receivable
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123000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
122000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
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356000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
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320000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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206900000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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1850282000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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50000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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35000 USD
us-gaap Proceeds From Sale Of Productive Assets
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22726000 USD
us-gaap Proceeds From Sale Of Productive Assets
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7502000 USD
us-gaap Proceeds From Sale Of Securities Operating Activities
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us-gaap Proceeds From Sale Of Securities Operating Activities
ProceedsFromSaleOfSecuritiesOperatingActivities
95963000 USD
us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
85840000 USD
us-gaap Proceeds From Sale Of Treasury Stock
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110870000 USD
CY2014Q2 us-gaap Profit Loss
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-2353000 USD
us-gaap Profit Loss
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-5645000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
-14757000 USD
us-gaap Profit Loss
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352050000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2719716000 USD
CY2015Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4888117000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
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2128611000 USD
CY2015Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4236040000 USD
CY2014Q4 us-gaap Property Subject To Or Available For Operating Lease Gross
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us-gaap Provision For Doubtful Accounts
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CY2014Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
177064000 USD
CY2015Q2 us-gaap Property Subject To Or Available For Operating Lease Gross
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12065000 USD
CY2014Q2 us-gaap Revenue From Leased And Owned Hotels
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203142000 USD
us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
394744000 USD
CY2015Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
150435000 USD
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
180074000 USD
us-gaap Repayments Of Debt And Capital Lease Obligations
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1272501000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents
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85830000 USD
CY2015Q2 us-gaap Restricted Cash And Cash Equivalents
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149896000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1050323000 USD
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-718973000 USD
CY2015Q2 us-gaap Revenue From Leased And Owned Hotels
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368908000 USD
us-gaap Revenue From Leased And Owned Hotels
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618283000 USD
CY2014Q2 us-gaap Revenues
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us-gaap Revenues
Revenues
403024000 USD
CY2015Q2 us-gaap Revenues
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us-gaap Revenues
Revenues
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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CY2014Q4 us-gaap Short Term Investments
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CY2015Q2 us-gaap Short Term Investments
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us-gaap Stock Issued During Period Value Conversion Of Units
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us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
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us-gaap Stock Issued During Period Value Treasury Stock Reissued
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CY2014Q4 us-gaap Stockholders Equity
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CY2015Q2 us-gaap Stockholders Equity
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CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Temporary Equity Net Income
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CY2015Q2 us-gaap Temporary Equity Net Income
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us-gaap Temporary Equity Net Income
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us-gaap Trading Gains Losses
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us-gaap Trading Gains Losses
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CY2014Q4 us-gaap Trading Liabilities Fair Value Disclosure
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CY2015Q2 us-gaap Trading Liabilities Fair Value Disclosure
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CY2014Q4 us-gaap Treasury Stock Shares
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CY2015Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2014Q4 us-gaap Treasury Stock Value
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125725000 USD
CY2015Q2 us-gaap Treasury Stock Value
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us-gaap Treasury Stock Value Acquired Cost Method
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CY2014Q2 us-gaap Undistributed Earnings
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us-gaap Undistributed Earnings
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CY2015Q2 us-gaap Undistributed Earnings
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-32882000 USD
us-gaap Undistributed Earnings
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265304000 USD
CY2014Q2 us-gaap Unrealized Gain Loss On Derivatives
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us-gaap Unrealized Gain Loss On Derivatives
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CY2015Q2 us-gaap Unrealized Gain Loss On Derivatives
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us-gaap Unrealized Gain Loss On Derivatives
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us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
0 USD
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
116118000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85283000 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
99755000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
97661000 shares
CY2014Q2 us-gaap Weighted Average Numer Diluted Limited Partnership Units Outstanding Adjustment
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0 shares
CY2015Q2 us-gaap Weighted Average Numer Diluted Limited Partnership Units Outstanding Adjustment
WeightedAverageNumerDilutedLimitedPartnershipUnitsOutstandingAdjustment
0 shares
us-gaap Weighted Average Numer Diluted Limited Partnership Units Outstanding Adjustment
WeightedAverageNumerDilutedLimitedPartnershipUnitsOutstandingAdjustment
18457000 shares
CY2014Q2 us-gaap Write Off Of Deferred Debt Issuance Cost
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us-gaap Write Off Of Deferred Debt Issuance Cost
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CY2015Q2 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
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us-gaap Write Off Of Deferred Debt Issuance Cost
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us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:underline;">Recently Issued Accounting Standards</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;color:#252525;">In May 2014, the FASB issued ASU </font><font style="font-family:inherit;font-size:10pt;">2014-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers</font><font style="font-family:inherit;font-size:10pt;"> (&#8220;ASU 2014-09&#8221;). ASU 2014-09&#160;is a comprehensive new revenue recognition model, which requires a company to recognize revenue to depict the transfer of promised goods or services to a customer in an amount that reflects the consideration the company expects to receive in exchange for those goods or services. The update will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. ASU 2014-09 is effective in fiscal periods beginning after December 15, 2016. Early adoption is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method.&#160;We&#160;are&#160;evaluating the effect that ASU 2014-09 will have on our&#160;consolidated financial statements and related disclosures.&#160;We have&#160;not yet selected a transition method.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2014, the FASB issued ASU 2014-15,&#160;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Disclosure of Uncertainties about an Entity&#8217;s Ability to Continue as a Going Concern</font><font style="font-family:inherit;font-size:10pt;">&#160;(&#8220;ASU 2014-15&#8221;), to provide guidance on management's responsibility to perform interim and annual assessments of an entity&#8217;s ability to continue as a going concern and to provide related disclosure requirements. ASU 2014-15 applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. We do not expect the adoption of this standard will have an impact on our financial position, results of operations or cash flows.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2015, the FASB issued ASU 2015-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Amendments to the Consolidation Analysis</font><font style="font-family:inherit;font-size:10pt;">. The ASU amends the consolidation guidance for VIEs and general partners' investments in limited partnerships and modifies the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities. The ASU is effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted. We are currently evaluating the effect of the ASU on our consolidated financial statements and related disclosures.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the FASB issued Accounting Standards Update (&#8220;ASU&#8221;) No. 2015-03, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interest&#8212;Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs</font><font style="font-family:inherit;font-size:10pt;">. The new standard requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The standard is effective for annual reporting periods beginning after December 15, 2015, and interim periods within those fiscal years, with early adoption permitted. Upon adoption of the standard, we will reclassify deferred financing costs, net from total assets to be shown net of debt in the liabilities section of our consolidated balance sheet. Adoption of this standard will only affect the presentation of our consolidated balance sheet.</font></div></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:underline;">Reclassification</font><font style="font-family:inherit;font-size:10pt;">&#8212;Certain amounts in the consolidated financial statements for the three and six months ended June 30, 2014, have been reclassified for discontinued operations.</font></div></div>
us-gaap Revenue Recognition Sales Of Services
RevenueRecognitionSalesOfServices
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:underline;">Revenue Recognition</font><font style="font-family:inherit;font-size:10pt;">&#8212;Hotel revenues, including room, food, beverage, and ancillary revenues such as long-distance telephone service, laundry, parking and space rentals, are recognized when services have been rendered. Taxes collected from customers and submitted to taxing authorities are not recorded in revenue. Interest income (including accretion of discounts on the mezzanine loan using the effective interest method) is recognized when earned. We discontinue recording interest and amortizing discounts/premiums when the contractual payment of interest and/or principal is not received when contractually due. We were reimbursed by PIM Highland JV for costs associated with managing its day-to-day operations and providing corporate administrative services such as accounting, insurance, marketing support, asset management and other services. Beginning with the three months ended March 31, 2014, we changed the presentation to report such reimbursements as &#8220;other&#8221; revenue as opposed to credits within &#8220;corporate, general and administrative&#8221; expense. This change had no impact on our financial condition or results of operations. As of March 6, 2015, we acquired the remaining approximate </font><font style="font-family:inherit;font-size:10pt;">28.26%</font><font style="font-family:inherit;font-size:10pt;"> of the PIM Highland JV which discontinued the aforementioned reimbursements. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prior to the spin-off of Ashford Inc. in November 2014, we recognized advisory services revenue when services had been rendered. The quarterly base fee was equal to </font><font style="font-family:inherit;font-size:10pt;">0.7%</font><font style="font-family:inherit;font-size:10pt;"> per annum of the total market capitalization, as defined in the advisory agreement, of Ashford Prime, subject to certain minimums. Reimbursements for overhead and internal audit services were recognized when services had been rendered. We also recorded advisory services revenue for equity grants of Ashford Prime common stock and LTIP units awarded to our officers and employees in connection with providing advisory services equal to the fair value of the award in proportion to the requisite service period satisfied during the period, as well as an offsetting expense in an equal amount included in &#8220;corporate, general and administrative&#8221; expense.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:underline;">Use of Estimates</font><font style="font-family:inherit;font-size:10pt;">&#8212;The preparation of these consolidated financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div>

Files In Submission

Name View Source Status
0001232582-15-000124-index-headers.html Edgar Link pending
0001232582-15-000124-index.html Edgar Link pending
0001232582-15-000124.txt Edgar Link pending
0001232582-15-000124-xbrl.zip Edgar Link pending
aht-20150630.xml Edgar Link completed
aht-20150630.xsd Edgar Link pending
aht-20150630_cal.xml Edgar Link unprocessable
aht-20150630_def.xml Edgar Link unprocessable
aht-20150630_lab.xml Edgar Link unprocessable
aht-20150630_pre.xml Edgar Link unprocessable
aht2015q210-qxex12.htm Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
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