$INN
Summit Hotel Properties, Inc.

2013 Q3 Form 10-Q Financial Statement

#000110465913081142 Filed on November 05, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $82.17M $43.07M
YoY Change 90.8% 7.58%
Cost Of Revenue $53.78M $28.44M
YoY Change 89.12% 2.45%
Gross Profit $28.39M $14.63M
YoY Change 94.05% 19.2%
Gross Profit Margin 34.55% 33.97%
Selling, General & Admin $3.000M $1.600M
YoY Change 87.5% 100.0%
% of Gross Profit 10.57% 10.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.40M $8.500M
YoY Change 69.41% 1.19%
% of Gross Profit 50.72% 58.1%
Operating Expenses $16.80M $10.20M
YoY Change 64.71% 7.37%
Operating Profit $10.08M $4.271M
YoY Change 136.06% 43.78%
Interest Expense $5.948M $3.938M
YoY Change 51.04% 17.99%
% of Operating Profit 59.0% 92.2%
Other Income/Expense, Net -$6.132M -$4.138M
YoY Change 48.19% 24.01%
Pretax Income $3.950M $133.0K
YoY Change 2869.92% -136.3%
Income Tax $1.120M $21.00K
% Of Pretax Income 28.35% 15.79%
Net Earnings -$639.0K $1.562M
YoY Change -140.91% 5065.69%
Net Earnings / Revenue -0.78% 3.63%
Basic Earnings Per Share
Diluted Earnings Per Share -$8.798K $51.12K
COMMON SHARES
Basic Shares Outstanding 68.16M shares 31.31M shares
Diluted Shares Outstanding 68.61M shares 31.50M shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.50M $10.30M
YoY Change 341.75% -39.77%
Cash & Equivalents $45.47M $10.29M
Short-Term Investments
Other Short-Term Assets $21.00M $4.400M
YoY Change 377.27% 100.0%
Inventory
Prepaid Expenses
Receivables $9.700M $6.700M
Other Receivables $0.00 $0.00
Total Short-Term Assets $76.20M $21.40M
YoY Change 256.07% -13.71%
LONG-TERM ASSETS
Property, Plant & Equipment $1.082B $572.5M
YoY Change 89.06% 15.92%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $20.50M
YoY Change
Other Assets $83.40M $16.00M
YoY Change 421.25% 50.94%
Total Long-Term Assets $1.204B $611.7M
YoY Change 96.76% 15.77%
TOTAL ASSETS
Total Short-Term Assets $76.20M $21.40M
Total Long-Term Assets $1.204B $611.7M
Total Assets $1.280B $633.1M
YoY Change 102.15% 14.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.300M $1.300M
YoY Change 615.38% 44.44%
Accrued Expenses $30.80M $17.70M
YoY Change 74.01% 14.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $40.10M $19.00M
YoY Change 111.05% 16.56%
LONG-TERM LIABILITIES
Long-Term Debt $400.3M $312.3M
YoY Change 28.18% 21.23%
Other Long-Term Liabilities $2.000M $500.0K
YoY Change 300.0%
Total Long-Term Liabilities $402.3M $312.8M
YoY Change 28.61% 21.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $40.10M $19.00M
Total Long-Term Liabilities $402.3M $312.8M
Total Liabilities $442.3M $331.8M
YoY Change 33.34% 4.55%
SHAREHOLDERS EQUITY
Retained Earnings -$56.96M -$24.81M
YoY Change 129.56%
Common Stock $835.0K $315.0K
YoY Change 165.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $809.5M $260.3M
YoY Change
Total Liabilities & Shareholders Equity $1.280B $633.1M
YoY Change 102.15% 14.44%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income -$639.0K $1.562M
YoY Change -140.91% 5065.69%
Depreciation, Depletion And Amortization $14.40M $8.500M
YoY Change 69.41% 1.19%
Cash From Operating Activities $11.30M $11.50M
YoY Change -1.74% 33.72%
INVESTING ACTIVITIES
Capital Expenditures $17.60M -$21.70M
YoY Change -181.11% -3.56%
Acquisitions
YoY Change
Other Investing Activities -$40.70M $1.000M
YoY Change -4170.0%
Cash From Investing Activities -$22.90M -$20.90M
YoY Change 9.57% -6.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 22.70M 8.000M
YoY Change 183.75% 471.43%
NET CHANGE
Cash From Operating Activities 11.30M 11.50M
Cash From Investing Activities -22.90M -20.90M
Cash From Financing Activities 22.70M 8.000M
Net Change In Cash 11.10M -1.400M
YoY Change -892.86% -88.71%
FREE CASH FLOW
Cash From Operating Activities $11.30M $11.50M
Capital Expenditures $17.60M -$21.70M
Free Cash Flow -$6.300M $33.20M
YoY Change -118.98% 6.75%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><b><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">NOTE 1 -&#160;&#160;&#160;&#160;&#160; DESCRIPTION OF BUSINESS</font></b></p> <p style="MARGIN: 0in 0in 0pt;">&#160;</p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">Summit Hotel Properties,&#160;Inc. (the &#8220;Company&#8221;) is a self-advised hotel investment company that was organized on June&#160;30, 2010 as a Maryland corporation. The Company holds both general and limited partnership interests in Summit Hotel OP, LP (the &#8220;Operating Partnership&#8221;), a Delaware limited partnership also organized on June&#160;30, 2010. Unless the context otherwise requires, &#8220;we&#8221; and &#8220;our&#8221; refer to the Company and the Operating Partnership collectively.</font></p> <p style="MARGIN: 0in 0in 0pt;">&#160;</p> <p style="MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">At September&#160;30, 2013, our portfolio consists of 92 upscale, upper midscale and midscale hotel properties containing 10,913 guestrooms located in 24 states. Of our 92 hotel properties, 10 are classified as held for sale. Our hotel properties are leased to subsidiaries (&#8220;TRS Lessees&#8221;) of our taxable REIT subsidiaries (&#8220;TRSs&#8221;). We indirectly own 100% of the outstanding equity interests in all but one of our TRS Lessees. We indirectly own an 80% controlling interest in the TRS Lessee associated with the Holiday Inn Express&#160;&amp; Suites in San Francisco, CA which we acquired in early 2013 through a joint venture.</font></p> <p style="MARGIN: 0in 0in 0pt;">&#160;</p> </div>
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us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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dei Entity Registrant Name
EntityRegistrantName
Summit Hotel Properties, Inc.
dei Entity Central Index Key
EntityCentralIndexKey
0001497645
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2012Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-887000 USD
CY2013Q3 us-gaap Other Assets
OtherAssets
3442000 USD
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2012Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q3 us-gaap Development In Process
DevelopmentInProcess
20549000 USD
CY2012Q4 us-gaap Development In Process
DevelopmentInProcess
10303000 USD
CY2013Q3 us-gaap Land Available For Development
LandAvailableForDevelopment
13748000 USD
CY2012Q4 us-gaap Land Available For Development
LandAvailableForDevelopment
15802000 USD
CY2012Q4 us-gaap Other Assets
OtherAssets
4201000 USD
CY2013Q3 us-gaap Assets
Assets
1279802000 USD
CY2012Q4 us-gaap Assets
Assets
810789000 USD
CY2013Q3 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
9276000 USD
CY2012Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
5013000 USD
CY2013Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
30767000 USD
CY2012Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
18985000 USD
CY2013Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
2047000 USD
CY2012Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
641000 USD
CY2013Q3 us-gaap Liabilities
Liabilities
442345000 USD
CY2012Q4 us-gaap Liabilities
Liabilities
337252000 USD
CY2013Q3 us-gaap Common Stock Value
CommonStockValue
835000 USD
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
462000 USD
CY2013Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
867308000 USD
CY2012Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
468820000 USD
CY2013Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1781000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-528000 USD
CY2013Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-56963000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-31985000 USD
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
809483000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
436819000 USD
CY2013Q3 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
20150000 USD
CY2012Q4 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
36718000 USD
CY2013Q3 us-gaap Minority Interest In Joint Ventures
MinorityInterestInJointVentures
7824000 USD
CY2013Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
837457000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
473537000 USD
CY2013Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1279802000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
810789000 USD
CY2012Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2013Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2013Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2013Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q3 us-gaap Occupancy Costs
OccupancyCosts
21927000 USD
CY2013Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2012Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
450000000 shares
CY2013Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
83451814 shares
CY2012Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
46159652 shares
CY2013Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
83451814 shares
CY2012Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
46159652 shares
CY2013Q3 us-gaap Occupancy Revenue
OccupancyRevenue
78010000 USD
CY2012Q3 us-gaap Occupancy Revenue
OccupancyRevenue
41312000 USD
us-gaap Occupancy Revenue
OccupancyRevenue
209774000 USD
us-gaap Occupancy Revenue
OccupancyRevenue
111677000 USD
CY2013Q3 us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
4164000 USD
CY2012Q3 us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
1758000 USD
us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
11228000 USD
us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
4914000 USD
CY2013Q3 us-gaap Revenues
Revenues
82174000 USD
CY2012Q3 us-gaap Revenues
Revenues
43070000 USD
us-gaap Revenues
Revenues
221002000 USD
us-gaap Revenues
Revenues
116591000 USD
CY2012Q3 us-gaap Occupancy Costs
OccupancyCosts
11388000 USD
us-gaap Occupancy Costs
OccupancyCosts
59182000 USD
us-gaap Occupancy Costs
OccupancyCosts
31490000 USD
CY2013Q3 us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
11072000 USD
CY2012Q3 us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
5603000 USD
us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
28336000 USD
us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
15047000 USD
CY2013Q3 us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
20601000 USD
CY2012Q3 us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
11292000 USD
us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
56171000 USD
us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
30905000 USD
CY2013Q3 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
183000 USD
CY2012Q3 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
155000 USD
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
543000 USD
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
473000 USD
CY2013Q3 us-gaap Cost Of Revenue
CostOfRevenue
53783000 USD
CY2012Q3 us-gaap Cost Of Revenue
CostOfRevenue
28438000 USD
us-gaap Cost Of Revenue
CostOfRevenue
144232000 USD
us-gaap Cost Of Revenue
CostOfRevenue
77915000 USD
CY2013Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
14029000 USD
CY2012Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
7647000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
37623000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
22094000 USD
CY2013Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
1874000 USD
CY2012Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
1645000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
6589000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
3563000 USD
CY2013Q3 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
1072000 USD
CY2012Q3 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
824000 USD
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
3456000 USD
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
2758000 USD
CY2013Q3 inn Acquisition Related Expenses Net
AcquisitionRelatedExpensesNet
114000 USD
CY2012Q3 inn Acquisition Related Expenses Net
AcquisitionRelatedExpensesNet
245000 USD
inn Acquisition Related Expenses Net
AcquisitionRelatedExpensesNet
1553000 USD
inn Acquisition Related Expenses Net
AcquisitionRelatedExpensesNet
1573000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
11000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65460000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29713000 shares
CY2013Q3 us-gaap Costs And Expenses
CostsAndExpenses
72241000 USD
CY2012Q3 us-gaap Costs And Expenses
CostsAndExpenses
38799000 USD
us-gaap Costs And Expenses
CostsAndExpenses
194822000 USD
us-gaap Costs And Expenses
CostsAndExpenses
107903000 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
9933000 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
4271000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
26180000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
8688000 USD
CY2013Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
16000 USD
CY2012Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
18000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
52000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
20000 USD
CY2013Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
-103000 USD
CY2012Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
22000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
120000 USD
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
497000 USD
CY2013Q3 us-gaap Interest Expense
InterestExpense
5948000 USD
CY2012Q3 us-gaap Interest Expense
InterestExpense
3938000 USD
us-gaap Interest Expense
InterestExpense
14877000 USD
us-gaap Interest Expense
InterestExpense
11150000 USD
CY2012Q3 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-12000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-199000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
2000 USD
CY2013Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-6133000 USD
CY2012Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4138000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-14804000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-11485000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3800000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
133000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11376000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2797000 USD
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2684000 USD
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
21000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-894000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-195000 USD
CY2013Q3 us-gaap Profit Loss
ProfitLoss
-581000 USD
CY2012Q3 us-gaap Profit Loss
ProfitLoss
1641000 USD
us-gaap Profit Loss
ProfitLoss
7973000 USD
us-gaap Profit Loss
ProfitLoss
-1521000 USD
CY2013Q3 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
-183000 USD
CY2012Q3 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
79000 USD
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
-108000 USD
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
-1267000 USD
CY2013Q3 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
272000 USD
us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
324000 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
-670000 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
1562000 USD
us-gaap Net Income Loss
NetIncomeLoss
7757000 USD
us-gaap Net Income Loss
NetIncomeLoss
-254000 USD
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
406000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2686000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3723000 USD
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
68157000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31308000 shares
CY2012Q3 inn Comprehensive Income Loss Available To Preferred Stockholders
ComprehensiveIncomeLossAvailableToPreferredStockholders
1156000 USD
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
68614000 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31501000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65854000 shares
CY2012Q3 inn Comprehensive Income Attributable To Noncontrolling Interests In Operating Partnership
ComprehensiveIncomeAttributableToNoncontrollingInterestsInOperatingPartnership
40000 USD
inn Comprehensive Income Attributable To Noncontrolling Interests In Operating Partnership
ComprehensiveIncomeAttributableToNoncontrollingInterestsInOperatingPartnership
-165000 USD
inn Comprehensive Income Attributable To Noncontrolling Interests In Operating Partnership
ComprehensiveIncomeAttributableToNoncontrollingInterestsInOperatingPartnership
-1357000 USD
CY2013Q3 inn Comprehensive Income Loss From Joint Venture Partners
ComprehensiveIncomeLossFromJointVenturePartners
272000 USD
inn Comprehensive Income Loss From Joint Venture Partners
ComprehensiveIncomeLossFromJointVenturePartners
324000 USD
CY2013Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2672000 USD
CY2012Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1360000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
6504000 USD
CY2013Q3 inn Comprehensive Income Loss Available To Preferred Stockholders
ComprehensiveIncomeLossAvailableToPreferredStockholders
4147000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29820000 shares
CY2013Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-2127000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-241000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-1310000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-521000 USD
CY2013Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2127000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-241000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1310000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-521000 USD
CY2013Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-2708000 USD
CY2012Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1400000 USD
CY2013Q3 inn Comprehensive Income Attributable To Noncontrolling Interests In Operating Partnership
ComprehensiveIncomeAttributableToNoncontrollingInterestsInOperatingPartnership
-308000 USD
inn Comprehensive Income Loss Available To Preferred Stockholders
ComprehensiveIncomeLossAvailableToPreferredStockholders
10443000 USD
inn Comprehensive Income Loss Available To Preferred Stockholders
ComprehensiveIncomeLossAvailableToPreferredStockholders
3469000 USD
CY2013Q3 inn Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
-6819000 USD
CY2012Q3 inn Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
204000 USD
inn Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
-3939000 USD
inn Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
-4154000 USD
inn Depreciation And Amortization Excluding Amortization Of Prepaid Lease
DepreciationAndAmortizationExcludingAmortizationOfPrepaidLease
39240000 USD
inn Depreciation And Amortization Excluding Amortization Of Prepaid Lease
DepreciationAndAmortizationExcludingAmortizationOfPrepaidLease
25161000 USD
us-gaap Amortization Of Leased Asset
AmortizationOfLeasedAsset
36000 USD
us-gaap Amortization Of Leased Asset
AmortizationOfLeasedAsset
36000 USD
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
8654000 USD
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
2098000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1616000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
783000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-964000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-513000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
888000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-199000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
2882000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
265000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4207000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2904000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
15694000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-331000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
13365000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1214000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
46247000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
24621000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
388456000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
65949000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
10246000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
43187000 USD
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
2800000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
33840000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
17984000 USD
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
599000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
33545000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
18421000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
19623000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
2546000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-422019000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-68058000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
375745000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
142585000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
321636000 USD
us-gaap Repayments Of Debt
RepaymentsOfDebt
80542000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2484000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2020000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
389389000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
-707000 USD
inn Payments Of Dividends And Distributions
PaymentsOfDividendsAndDistributions
33748000 USD
inn Payments Of Dividends And Distributions
PaymentsOfDividendsAndDistributions
16129000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
407266000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
31494000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-250000 USD
us-gaap Interest Paid
InterestPaid
14639000 USD
us-gaap Interest Paid
InterestPaid
11637000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
246000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
683000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
393000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10537000 USD
CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10287000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
319449000 USD
CY2012Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
301354000 USD
inn Stock Issued During Period Common Stock Value New Issues
StockIssuedDuringPeriodCommonStockValueNewIssues
300166000 USD
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
707000 USD
inn Stock Issued During Period Value Preferred New Issues
StockIssuedDuringPeriodValuePreferredNewIssues
81723000 USD
inn Noncontrolling Interest Increase From Contributions To Joint Venture
NoncontrollingInterestIncreaseFromContributionsToJointVenture
7500000 USD
us-gaap Dividends Cash
DividendsCash
33748000 USD
us-gaap Dividends Cash
DividendsCash
16129000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1616000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
783000 USD
CY2013Q3 inn Disposal Group Including Discontinued Operation Asset Impairment Charges
DisposalGroupIncludingDiscontinuedOperationAssetImpairmentCharges
5785000 USD
CY2013Q3 us-gaap Deposits Assets
DepositsAssets
17815000 USD
CY2013Q3 us-gaap Prepaid Insurance
PrepaidInsurance
169000 USD
CY2013Q3 inn Other Prepaid Expense Current And Noncurrent
OtherPrepaidExpenseCurrentAndNoncurrent
3022000 USD
CY2012Q4 us-gaap Deposits Assets
DepositsAssets
2759000 USD
CY2012Q4 us-gaap Prepaid Insurance
PrepaidInsurance
663000 USD
CY2012Q4 inn Other Prepaid Expense Current And Noncurrent
OtherPrepaidExpenseCurrentAndNoncurrent
1889000 USD
CY2013Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
13492000 USD
CY2013Q3 us-gaap Debt Issuance Costs
DebtIssuanceCosts
103000 USD
CY2012Q3 us-gaap Debt Issuance Costs
DebtIssuanceCosts
228000 USD
us-gaap Debt Issuance Costs
DebtIssuanceCosts
112000 USD
us-gaap Debt Issuance Costs
DebtIssuanceCosts
651000 USD
CY2013Q3 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
5000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-2000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1369000 USD
CY2013Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1369000 USD
CY2013Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1234240000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
112000 USD
CY2012Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
193000 shares

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