2016 Q2 Form 10-Q Financial Statement

#000123258216000233 Filed on August 09, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $410.7M $369.3M
YoY Change 11.19% 77.43%
Cost Of Revenue $266.4M $242.1M
YoY Change 10.04% 67.31%
Gross Profit $144.3M $127.2M
YoY Change 13.44% 100.63%
Gross Profit Margin 35.14% 34.44%
Selling, General & Admin $14.90M $14.60M
YoY Change 2.05% -25.13%
% of Gross Profit 10.33% 11.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $60.00M $52.60M
YoY Change 14.07% 97.74%
% of Gross Profit 41.58% 41.35%
Operating Expenses $75.00M $67.20M
YoY Change 11.61% 46.09%
Operating Profit $69.47M $35.20M
YoY Change 97.36% 101.54%
Interest Expense -$49.80M -$45.60M
YoY Change 9.21% 112.09%
% of Operating Profit -71.69% -129.55%
Other Income/Expense, Net -$3.085M -$2.283M
YoY Change 35.13% -214.15%
Pretax Income $35.74M -$12.67M
YoY Change -382.11% 514.06%
Income Tax $603.0K $2.089M
% Of Pretax Income 1.69%
Net Earnings $30.75M -$12.24M
YoY Change -351.17% 672.01%
Net Earnings / Revenue 7.49% -3.32%
Basic Earnings Per Share $0.23 -$0.21
Diluted Earnings Per Share $0.23 -$0.21
COMMON SHARES
Basic Shares Outstanding 94.47M shares 99.76M shares
Diluted Shares Outstanding 94.47M shares 99.76M shares

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $261.8M $282.1M
YoY Change -7.2% 14.11%
Cash & Equivalents $261.8M $282.1M
Short-Term Investments
Other Short-Term Assets $24.10M $17.70M
YoY Change 36.16% 50.0%
Inventory $4.765M $4.358M
Prepaid Expenses
Receivables $75.40M $94.50M
Other Receivables $0.00 $0.00
Total Short-Term Assets $366.1M $398.7M
YoY Change -8.18% 41.58%
LONG-TERM ASSETS
Property, Plant & Equipment $4.236B $4.236B
YoY Change 0.0% 103.7%
Goodwill
YoY Change
Intangibles $11.44M
YoY Change
Long-Term Investments $60.70M $119.7M
YoY Change -49.3% -39.66%
Other Assets $195.1M $189.0M
YoY Change 3.23% 96.47%
Total Long-Term Assets $4.535B $4.582B
YoY Change -1.03% 89.46%
TOTAL ASSETS
Total Short-Term Assets $366.1M $398.7M
Total Long-Term Assets $4.535B $4.582B
Total Assets $4.901B $4.981B
YoY Change -1.6% 84.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.30M $11.50M
YoY Change -10.43% 379.17%
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 $35.80M $39.20M
YoY Change -8.67% -64.62%
LONG-TERM LIABILITIES
Long-Term Debt $3.759B $3.651B
YoY Change 2.94% 105.5%
Other Long-Term Liabilities $57.50M $26.50M
YoY Change 116.98% 235.44%
Total Long-Term Liabilities $3.816B $3.678B
YoY Change 3.76% 106.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $35.80M $39.20M
Total Long-Term Liabilities $3.816B $3.678B
Total Liabilities $3.991B $3.854B
YoY Change 3.56% 103.05%
SHAREHOLDERS EQUITY
Retained Earnings -$799.9M -$719.0M
YoY Change 11.26% -28.0%
Common Stock $962.0K $1.249M
YoY Change -22.98% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $108.6M
YoY Change -13.74%
Treasury Stock Shares 23.67M shares
Shareholders Equity $799.7M $975.8M
YoY Change
Total Liabilities & Shareholders Equity $4.901B $4.981B
YoY Change -1.6% 84.47%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $30.75M -$12.24M
YoY Change -351.17% 672.01%
Depreciation, Depletion And Amortization $60.00M $52.60M
YoY Change 14.07% 97.74%
Cash From Operating Activities $72.60M $50.00M
YoY Change 45.2% -2.53%
INVESTING ACTIVITIES
Capital Expenditures -$47.50M -$369.8M
YoY Change -87.16% 1041.36%
Acquisitions
YoY Change
Other Investing Activities $140.6M $11.10M
YoY Change 1166.67% -153.11%
Cash From Investing Activities $93.00M -$358.5M
YoY Change -125.94% 571.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -129.5M 235.0M
YoY Change -155.11% 290.37%
NET CHANGE
Cash From Operating Activities 72.60M 50.00M
Cash From Investing Activities 93.00M -358.5M
Cash From Financing Activities -129.5M 235.0M
Net Change In Cash 36.10M -73.50M
YoY Change -149.12% -226.51%
FREE CASH FLOW
Cash From Operating Activities $72.60M $50.00M
Capital Expenditures -$47.50M -$369.8M
Free Cash Flow $120.1M $419.8M
YoY Change -71.39% 401.55%

Facts In Submission

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309252000 USD
CY2016Q2 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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6000 USD
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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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35135000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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22996000 USD
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31235000 USD
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26075000 USD
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334139000 USD
us-gaap Costs And Expenses
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552269000 USD
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341203000 USD
us-gaap Costs And Expenses
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667572000 USD
CY2015Q4 us-gaap Debt And Capital Lease Obligations
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3900000000 USD
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3800000000 USD
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3868991000 USD
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3800603000 USD
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273500000 USD
CY2015Q4 us-gaap Debt Instrument Unamortized Premium
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5626000 USD
CY2016Q2 us-gaap Debt Instrument Unamortized Premium
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4581000 USD
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CY2016Q2 us-gaap Deferred Costs Current And Noncurrent
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3347000 USD
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34000000 USD
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22601000 USD
CY2015Q2 us-gaap Depreciation And Amortization
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52616000 USD
us-gaap Depreciation And Amortization
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90480000 USD
CY2016Q2 us-gaap Depreciation And Amortization
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60079000 USD
us-gaap Depreciation And Amortization
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122241000 USD
us-gaap Depreciation Depletion And Amortization
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90480000 USD
us-gaap Depreciation Depletion And Amortization
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122241000 USD
CY2015Q4 us-gaap Derivative Assets
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3435000 USD
CY2016Q2 us-gaap Derivative Assets
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15800000 USD
CY2015Q4 us-gaap Derivative Fair Value Of Derivative Asset
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3435000 USD
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15800000 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
CY2016Q2 us-gaap Direct Costs Of Hotels
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247104000 USD
us-gaap Direct Costs Of Hotels
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480139000 USD
CY2015Q2 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
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0 USD
CY2016Q2 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
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155000 USD
CY2015Q2 us-gaap Dividends Payable Current And Noncurrent
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23369000 USD
CY2015Q4 us-gaap Dividends Payable Current And Noncurrent
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22678000 USD
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23097000 USD
CY2015Q4 us-gaap Due From Affiliates
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528000 USD
CY2016Q2 us-gaap Due From Affiliates
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15000 USD
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0 USD
CY2016Q2 us-gaap Due From Related Parties
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2202000 USD
CY2015Q4 us-gaap Due To Affiliate Current And Noncurrent
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1339000 USD
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0 USD
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.21
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.96
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
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-0.21
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.86
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
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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0 USD
CY2015Q2 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
CY2016Q2 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
CY2015Q4 us-gaap Equity Method Investments
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62568000 USD
CY2016Q2 us-gaap Equity Method Investments
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60696000 USD
CY2015Q4 us-gaap Financing Receivable Allowance For Credit Losses
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7083000 USD
CY2016Q2 us-gaap Financing Receivable Allowance For Credit Losses
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6856000 USD
CY2015Q4 us-gaap Finite Lived Intangible Assets Net
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11343000 USD
CY2016Q2 us-gaap Finite Lived Intangible Assets Net
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11245000 USD
CY2015Q2 us-gaap Food And Beverage Cost Of Sales
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42041000 USD
us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
68321000 USD
CY2016Q2 us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
45419000 USD
us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
88520000 USD
CY2015Q2 us-gaap Food And Beverage Revenue
FoodAndBeverageRevenue
64765000 USD
us-gaap Food And Beverage Revenue
FoodAndBeverageRevenue
104318000 USD
CY2016Q2 us-gaap Food And Beverage Revenue
FoodAndBeverageRevenue
69206000 USD
us-gaap Food And Beverage Revenue
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132261000 USD
CY2015Q4 us-gaap Furniture And Fixtures Gross
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406893000 USD
CY2016Q2 us-gaap Furniture And Fixtures Gross
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411832000 USD
us-gaap Gain Loss On Sale Of Properties
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380705000 USD
us-gaap Gain Loss On Sale Of Properties
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22980000 USD
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
CY2016Q2 us-gaap General And Administrative Expense
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2785000 USD
us-gaap General And Administrative Expense
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4458000 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
CY2016Q2 us-gaap Impairment Of Real Estate
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0 USD
us-gaap Impairment Of Real Estate
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0 USD
CY2015Q2 us-gaap Income Loss From Continuing Operations
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us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
309252000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
30753000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
20764000 USD
CY2015Q2 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
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
354964000 USD
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
35738000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
24228000 USD
CY2015Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1907000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-4715000 USD
CY2016Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-287000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-3872000 USD
CY2015Q2 us-gaap Income Tax Expense Benefit
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2089000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2914000 USD
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
603000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1232000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
4638000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1312000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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16079000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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15553000 USD
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
3473000 USD
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
0 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-4056000 USD
us-gaap Increase Decrease In Due To Related Parties
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-4019000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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3363000 USD
us-gaap Increase Decrease In Other Operating Liabilities
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1614000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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6866000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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13370000 USD
us-gaap Increase Decrease In Restricted Cash
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-58377000 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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12524000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
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15874000 USD
CY2015Q2 us-gaap Interest Expense Debt
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us-gaap Interest Expense Debt
InterestExpenseDebt
82130000 USD
CY2016Q2 us-gaap Interest Expense Debt
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us-gaap Interest Expense Debt
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us-gaap Interest Paid
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us-gaap Interest Paid
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100521000 USD
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4765000 USD
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30000 USD
us-gaap Investment Income Interest
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46000 USD
CY2016Q2 us-gaap Investment Income Interest
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74000 USD
us-gaap Investment Income Interest
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137000 USD
CY2015Q4 us-gaap Land
Land
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Land
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CY2016Q2 us-gaap Liabilities
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CY2015Q4 us-gaap Liabilities And Stockholders Equity
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4965131000 USD
CY2016Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4900965000 USD
CY2015Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
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0 USD
CY2016Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
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24429000 USD
CY2015Q4 us-gaap Long Term Debt
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3840617000 USD
CY2016Q2 us-gaap Long Term Debt
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3758767000 USD
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
1906000 USD
us-gaap Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
0 USD
CY2015Q2 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
1929000 USD
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
127000 USD
CY2016Q2 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
0 USD
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
0 USD
CY2015Q4 us-gaap Minority Interest
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770000 USD
CY2016Q2 us-gaap Minority Interest
MinorityInterest
738000 USD
us-gaap Minority Interest Change In Redemption Value
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6614000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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0 USD
CY2015Q4 us-gaap Minority Interest Ownership Percentage By Parent
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0.15
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0.15
us-gaap Net Cash Provided By Used In Financing Activities
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604392000 USD
us-gaap Net Cash Provided By Used In Financing 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 Investing Activities
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59264000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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80260000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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106770000 USD
CY2015Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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309252000 USD
CY2016Q2 us-gaap Net Income Loss
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30753000 USD
us-gaap Net Income Loss
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20764000 USD
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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6000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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-32000 USD
CY2015Q2 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
292271000 USD
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
22262000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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3783000 USD
CY2015Q2 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
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14000 USD
CY2016Q2 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
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6000 USD
us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
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-32000 USD
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3746000 USD
CY2016Q2 us-gaap Notes Receivable Net
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3850000 USD
us-gaap Number Of Operating Segments
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1 segment
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26580 room
CY2015Q2 us-gaap Occupancy Costs
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60735000 USD
us-gaap Occupancy Costs
OccupancyCosts
103888000 USD
CY2016Q2 us-gaap Occupancy Costs
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67193000 USD
us-gaap Occupancy Costs
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130295000 USD
CY2015Q2 us-gaap Occupancy Revenue
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291670000 USD
us-gaap Occupancy Revenue
OccupancyRevenue
492660000 USD
CY2016Q2 us-gaap Occupancy Revenue
OccupancyRevenue
325906000 USD
us-gaap Occupancy Revenue
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616521000 USD
CY2015Q2 us-gaap Operating Income Loss
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35199000 USD
us-gaap Operating Income Loss
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67304000 USD
CY2016Q2 us-gaap Operating Income Loss
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69467000 USD
us-gaap Operating Income Loss
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110870000 USD
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10647000 USD
CY2016Q2 us-gaap Other Assets
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12159000 USD
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 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
CY2016Q2 us-gaap Other Direct Costs Of Hotels
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119612000 USD
us-gaap Other Direct Costs Of Hotels
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232749000 USD
CY2015Q2 us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
12473000 USD
us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
21305000 USD
CY2016Q2 us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
15115000 USD
us-gaap Other Hotel Operating Revenue
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28824000 USD
CY2015Q4 us-gaap Other Liabilities
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14539000 USD
CY2016Q2 us-gaap Other Liabilities
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16789000 USD
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us-gaap Other Nonoperating Income Expense
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2047000 USD
CY2016Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
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CY2015Q2 us-gaap Other Sales Revenue Net
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430000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
1290000 USD
CY2016Q2 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
443000 USD
us-gaap Other Sales Revenue Net
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836000 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
CY2016Q2 us-gaap Owned Property Management Costs
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14880000 USD
us-gaap Unrealized Gain Loss On Derivatives
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-3653000 USD
us-gaap Owned Property Management Costs
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28575000 USD
us-gaap Payments For Capital Improvements
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72716000 USD
us-gaap Payments For Capital Improvements
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88169000 USD
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
1617000 USD
us-gaap Payments For Derivative Instrument Financing Activities
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73000 USD
us-gaap Payments For Fees
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298000 USD
us-gaap Payments For Fees
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30000 USD
us-gaap Payments For Purchase Of Securities Operating Activities
PaymentsForPurchaseOfSecuritiesOperatingActivities
96322000 USD
us-gaap Payments For Purchase Of Securities Operating Activities
PaymentsForPurchaseOfSecuritiesOperatingActivities
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
543000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
734000 USD
us-gaap Payments Of Debt Issuance Costs
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36900000 USD
us-gaap Payments Of Debt Issuance Costs
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4575000 USD
us-gaap Payments Of Dividends
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45234000 USD
us-gaap Payments Of Dividends
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45432000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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613449000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
2000000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2015Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
8491000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
16981000 USD
CY2016Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
8491000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
16981000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2016Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2015Q4 us-gaap Prepaid Expense Current And Noncurrent
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12458000 USD
CY2016Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
24103000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
122000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
123000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
320000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
194000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
110870000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1850282000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
37500000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
35000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
66000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
7502000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
142792000 USD
us-gaap Proceeds From Sale Of Securities Operating Activities
ProceedsFromSaleOfSecuritiesOperatingActivities
95963000 USD
us-gaap Proceeds From Sale Of Securities Operating Activities
ProceedsFromSaleOfSecuritiesOperatingActivities
0 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
-14757000 USD
us-gaap Profit Loss
ProfitLoss
352050000 USD
CY2016Q2 us-gaap Profit Loss
ProfitLoss
35135000 USD
us-gaap Profit Loss
ProfitLoss
22996000 USD
CY2015Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5181466000 USD
CY2016Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5049401000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4419684000 USD
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4236009000 USD
CY2015Q4 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
11947000 USD
CY2016Q2 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
11250000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
466000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
693000 USD
CY2015Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
118449000 USD
CY2016Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
109703000 USD
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
1272501000 USD
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
105888000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
153680000 USD
CY2016Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
161935000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-787221000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-799939000 USD
CY2015Q2 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
368908000 USD
us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
618283000 USD
CY2016Q2 us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
410227000 USD
us-gaap Revenue From Leased And Owned Hotels
RevenueFromLeasedAndOwnedHotels
777606000 USD
CY2015Q2 us-gaap Revenues
Revenues
369338000 USD
us-gaap Revenues
Revenues
619573000 USD
CY2016Q2 us-gaap Revenues
Revenues
410670000 USD
us-gaap Revenues
Revenues
778442000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1860000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3326000 USD
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
13000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
0 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
734000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
811086000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
799667000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
811856000 USD
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
800405000 USD
CY2015Q2 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
2527000 USD
us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-42809000 USD
CY2016Q2 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-4376000 USD
us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-2264000 USD
us-gaap Trading Gains Losses
TradingGainsLosses
1420000 USD
us-gaap Trading Gains Losses
TradingGainsLosses
560000 USD
CY2015Q2 us-gaap Undistributed Earnings
UndistributedEarnings
-32882000 USD
us-gaap Undistributed Earnings
UndistributedEarnings
265304000 USD
CY2016Q2 us-gaap Undistributed Earnings
UndistributedEarnings
10486000 USD
us-gaap Undistributed Earnings
UndistributedEarnings
-19321000 USD
CY2015Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-1955000 USD
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99755000 shares
CY2016Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
6878000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
13796000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
116118000 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94474000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94309000 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
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
94474000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
94309000 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
CY2016Q2 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
0 shares
CY2015Q2 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
0 USD
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
4767000 USD
CY2016Q2 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
3941000 USD
us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
3941000 USD
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. These reimbursements were recorded as &#8220;other&#8221; revenue. 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;font-style:italic;font-weight:bold;text-decoration:underline;"></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>

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