2012 Form 10-K Financial Statement
#000115752313001043 Filed on February 26, 2013
Income Statement
Concept | 2012 | 2011 Q4 | 2011 Q3 |
---|---|---|---|
Revenue | $161.7M | $33.57M | $40.03M |
YoY Change | 13.31% | 8.99% | 6.47% |
Cost Of Revenue | $110.4M | $27.40M | $27.76M |
YoY Change | 7.02% | 12.3% | 10.15% |
Gross Profit | $51.26M | $7.200M | $12.27M |
YoY Change | 29.77% | 12.5% | -1.02% |
Gross Profit Margin | 31.7% | 21.45% | 30.66% |
Selling, General & Admin | $9.600M | $1.000M | $800.0K |
YoY Change | 209.68% | ||
% of Gross Profit | 18.73% | 13.89% | 6.52% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $34.87M | $7.700M | $8.400M |
YoY Change | 16.99% | 10.0% | 23.53% |
% of Gross Profit | 68.03% | 106.94% | 68.44% |
Operating Expenses | $40.30M | $9.900M | $9.500M |
YoY Change | 15.47% | 41.43% | 41.79% |
Operating Profit | $7.330M | -$2.700M | $2.971M |
YoY Change | 59.35% | 350.0% | -47.89% |
Interest Expense | $14.91M | -$3.200M | $3.337M |
YoY Change | -187.7% | -52.94% | -149.08% |
% of Operating Profit | 203.4% | 112.35% | |
Other Income/Expense, Net | -$15.01M | -$3.337M | |
YoY Change | |||
Pretax Income | -$7.675M | -$6.000M | -$366.4K |
YoY Change | -40.04% | -57.45% | -71.81% |
Income Tax | -$728.0K | -$2.800M | -$1.688K |
% Of Pretax Income | |||
Net Earnings | -$1.076M | -$2.200M | $30.24K |
YoY Change | -89.64% | -84.29% | -102.33% |
Net Earnings / Revenue | -0.67% | -6.55% | 0.08% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$32.64K | -$80.59K | $0.00 |
COMMON SHARES | |||
Basic Shares Outstanding | 33.72M shares | 27.28M shares | |
Diluted Shares Outstanding | 33.85M shares | 27.28M shares |
Balance Sheet
Concept | 2012 | 2011 Q4 | 2011 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $14.00M | $10.50M | $17.10M |
YoY Change | 33.33% | 31.25% | |
Cash & Equivalents | $14.00M | $10.54M | $17.10M |
Short-Term Investments | |||
Other Short-Term Assets | $700.0K | $4.300M | $2.200M |
YoY Change | 75.0% | 152.94% | |
Inventory | |||
Prepaid Expenses | |||
Receivables | $5.500M | $3.400M | $5.500M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $20.20M | $18.20M | $24.80M |
YoY Change | 36.49% | 7.06% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $734.4M | $498.9M | $493.9M |
YoY Change | 47.2% | 11.93% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $10.30M | $0.00 | |
YoY Change | |||
Other Assets | $24.80M | $12.60M | $10.60M |
YoY Change | 54.04% | 110.0% | |
Total Long-Term Assets | $790.6M | $535.8M | $528.4M |
YoY Change | 46.62% | 12.56% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $20.20M | $18.20M | $24.80M |
Total Long-Term Assets | $790.6M | $535.8M | $528.4M |
Total Assets | $810.8M | $554.0M | $553.2M |
YoY Change | 46.35% | 12.37% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $5.000M | $1.700M | $900.0K |
YoY Change | 194.12% | 6.25% | |
Accrued Expenses | $19.00M | $15.80M | $15.40M |
YoY Change | 20.25% | 42.34% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $24.00M | $17.50M | $16.30M |
YoY Change | 37.14% | 37.8% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $312.6M | $217.1M | $257.6M |
YoY Change | 43.99% | -48.36% | |
Other Long-Term Liabilities | $600.0K | $0.00 | |
YoY Change | |||
Total Long-Term Liabilities | $313.2M | $217.1M | $257.6M |
YoY Change | 44.27% | -48.36% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $24.00M | $17.50M | $16.30M |
Total Long-Term Liabilities | $313.2M | $217.1M | $257.6M |
Total Liabilities | $374.0M | $234.6M | $317.3M |
YoY Change | 35.61% | -45.64% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$11.02M | ||
YoY Change | |||
Common Stock | $273.0K | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $436.8M | $278.2M | $235.9M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $810.8M | $554.0M | $553.2M |
YoY Change | 46.35% | 12.37% |
Cashflow Statement
Concept | 2012 | 2011 Q4 | 2011 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.076M | -$2.200M | $30.24K |
YoY Change | -89.64% | -84.29% | -102.33% |
Depreciation, Depletion And Amortization | $34.87M | $7.700M | $8.400M |
YoY Change | 16.99% | 10.0% | 23.53% |
Cash From Operating Activities | $34.70M | $4.200M | $8.600M |
YoY Change | 43.72% | -800.0% | 168.75% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$217.1M | $21.30M | -$22.50M |
YoY Change | 334.2% | 2562.5% | 3650.0% |
Acquisitions | $216.9M | ||
YoY Change | 333.64% | ||
Other Investing Activities | -$15.90M | -$34.50M | $0.00 |
YoY Change | -52.54% | 1816.67% | |
Cash From Investing Activities | -$233.0M | -$13.30M | -$22.40M |
YoY Change | 179.09% | 1230.0% | 3633.33% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $23.07M | ||
YoY Change | 20.09% | ||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 201.7M | 2.400M | 1.400M |
YoY Change | 225.92% | -233.33% | -153.85% |
NET CHANGE | |||
Cash From Operating Activities | 34.70M | 4.200M | 8.600M |
Cash From Investing Activities | -233.0M | -13.30M | -22.40M |
Cash From Financing Activities | 201.7M | 2.400M | 1.400M |
Net Change In Cash | 3.443M | -6.700M | -12.40M |
YoY Change | 34.49% | 97.06% | 10651518894080000000.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | $34.70M | $4.200M | $8.600M |
Capital Expenditures | -$217.1M | $21.30M | -$22.50M |
Free Cash Flow | $251.8M | -$17.10M | $31.10M |
YoY Change | 239.6% | 1121.43% | 718.42% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2012Q4 | inn |
Deferred Costs Amortization Expense Year Three
DeferredCostsAmortizationExpenseYearThree
|
906000 | |
CY2013Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
65384321 | shares |
CY2012Q2 | dei |
Entity Public Float
EntityPublicFloat
|
257393579 | |
CY2012Q4 | inn |
Number Of Properties Acquired
NumberOfPropertiesAcquired
|
10 | Property |
CY2009Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
79608000 | |
CY2009Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
574602000 | |
CY2009Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
8239000 | |
CY2010Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
104797000 | |
CY2010Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
570807000 | |
CY2010Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
7977000 | |
CY2011Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
45355000 | |
CY2011Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
126168000 | |
CY2011Q4 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
217104000 | |
CY2011Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
645339000 | |
CY2011Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
2196000 | |
CY2011Q4 | us-gaap |
Business Acquisition Purchase Price Allocation Property Plant And Equipment
BusinessAcquisitionPurchasePriceAllocationPropertyPlantAndEquipment
|
1428000 | |
CY2011Q4 | us-gaap |
Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
|
6141000 | |
CY2011Q4 | us-gaap |
Business Acquisition Purchase Price Allocation Land
BusinessAcquisitionPurchasePriceAllocationLand
|
7254000 | |
CY2011Q4 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
1671000 | |
CY2011Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
278175000 | |
CY2011Q4 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
15781000 | |
CY2011Q4 | us-gaap |
Other Assets
OtherAssets
|
3567000 | |
CY2011Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
806000 | |
CY2011Q4 | us-gaap |
Business Acquisition Purchase Price Allocation Assets Acquired Liabilities Assumed Net
BusinessAcquisitionPurchasePriceAllocationAssetsAcquiredLiabilitiesAssumedNet
|
50017000 | |
CY2011Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
CY2011Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
319449000 | |
CY2011Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
450000000 | shares |
CY2011Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
1201000 | |
CY2011Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2011Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
554005000 | |
CY2011Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
9.75 | |
CY2011Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
6200000 | |
CY2011Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
1464000 | |
CY2011Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
||
CY2011Q4 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
6719000 | |
CY2011Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
27278000 | shares |
CY2011Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
3425000 | |
CY2011Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
26000 | |
CY2011Q4 | us-gaap |
Liabilities
Liabilities
|
234556000 | |
CY2011Q4 | us-gaap |
Capital Leased Assets Gross
CapitalLeasedAssetsGross
|
3541000 | |
CY2011Q4 | us-gaap |
Business Acquisition Purchase Price Allocation Other Assets
BusinessAcquisitionPurchasePriceAllocationOtherAssets
|
365000 | |
CY2011Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | shares |
CY2011Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
426000 | |
CY2011Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-11020000 | |
CY2011Q4 | us-gaap |
Assets
Assets
|
554005000 | |
CY2011Q4 | us-gaap |
Business Acquisition Cost Of Acquired Entity Purchase Price
BusinessAcquisitionCostOfAcquiredEntityPurchasePrice
|
50050000 | |
CY2011Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
4721000 | |
CY2011Q4 | us-gaap |
Minority Interest
MinorityInterest
|
41274000 | |
CY2011Q4 | us-gaap |
Deferred Finance Costs Gross
DeferredFinanceCostsGross
|
7581000 | |
CY2011Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
498876000 | |
CY2011Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
625044000 | |
CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
10537000 | |
CY2011Q4 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
2115000 | |
CY2011Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
27278000 | shares |
CY2011Q4 | us-gaap |
Income Tax Receivable
IncomeTaxReceivable
|
453000 | |
CY2011Q4 | us-gaap |
Business Acquisition Purchase Price Allocation Assets Acquired
BusinessAcquisitionPurchasePriceAllocationAssetsAcquired
|
50415000 | |
CY2011Q4 | us-gaap |
Business Acquisition Purchase Price Allocation Other Liabilities
BusinessAcquisitionPurchasePriceAllocationOtherLiabilities
|
398000 | |
CY2011Q4 | us-gaap |
Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
|
8924000 | |
CY2011Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
940000 | shares |
CY2011Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
273000 | |
CY2011Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2011Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
100000 | |
CY2011Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
126168000 | |
CY2011Q4 | us-gaap |
Land Available For Development
LandAvailableForDevelopment
|
20295000 | |
CY2011Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
288902000 | |
CY2011Q4 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.0538 | pure |
CY2011Q4 | inn |
Business Acquisition Purchase Price Allocation Building And Improvements
BusinessAcquisitionPurchasePriceAllocationBuildingAndImprovements
|
41368000 | |
CY2011Q4 | inn |
Deposits For Acquisition
DepositsForAcquisition
|
2641000 | |
CY2011Q4 | inn |
Accumulated Amortization Deferred Costs
AccumulatedAmortizationDeferredCosts
|
4467000 | |
CY2011Q4 | inn |
Deferred Costs Gross
DeferredCostsGross
|
13391000 | |
CY2011Q4 | inn |
Initial Franchise Fee Costs
InitialFranchiseFeeCosts
|
5810000 | |
CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
439000 | |
CY2012Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
146207000 | |
CY2012Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
36102000 | |
CY2012Q4 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
312613000 | |
CY2012Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
901207000 | |
CY2012Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
3997000 | |
CY2012Q4 | us-gaap |
Business Acquisition Purchase Price Allocation Property Plant And Equipment
BusinessAcquisitionPurchasePriceAllocationPropertyPlantAndEquipment
|
10945000 | |
CY2012Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
|
776742000 | |
CY2012Q4 | us-gaap |
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
|
697607000 | |
CY2012Q4 | us-gaap |
Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
|
8893000 | |
CY2012Q4 | us-gaap |
Business Acquisition Purchase Price Allocation Land
BusinessAcquisitionPurchasePriceAllocationLand
|
33874000 | |
CY2012Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
58370000 | |
CY2012Q4 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
5013000 | |
CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
shares | |
CY2012Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
436819000 | |
CY2012Q4 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
18985000 | |
CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
471000 | |
CY2012Q4 | us-gaap |
Other Assets
OtherAssets
|
4201000 | |
CY2012Q4 | us-gaap |
Business Acquisition Purchase Price Allocation Noncurrent Liabilities Long Term Debt
BusinessAcquisitionPurchasePriceAllocationNoncurrentLiabilitiesLongTermDebt
|
47162000 | |
CY2012Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
1031000 | |
CY2012Q4 | us-gaap |
Business Acquisition Purchase Price Allocation Assets Acquired Liabilities Assumed Net
BusinessAcquisitionPurchasePriceAllocationAssetsAcquiredLiabilitiesAssumedNet
|
216892000 | |
CY2012Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
CY2012Q4 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
68 | Property |
CY2012Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
3100000 | |
CY2012Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
||
CY2012Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
67436000 | |
CY2012Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
473537000 | |
CY2012Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
450000000 | shares |
CY2012Q4 | us-gaap |
Secured Debt
SecuredDebt
|
254613000 | |
CY2012Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
1889000 | |
CY2012Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
3624000 | |
CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
||
CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
||
CY2012Q4 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
3499000 | |
CY2012Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
46159652 | shares |
CY2012Q4 | us-gaap |
Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
|
58000000 | |
CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
460000 | |
CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
449000 | |
CY2012Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
5478000 | |
CY2012Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
733000 | |
CY2012Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
|
600000 | |
CY2012Q4 | us-gaap |
Liabilities
Liabilities
|
337252000 | |
CY2012Q4 | us-gaap |
Capital Leased Assets Gross
CapitalLeasedAssetsGross
|
3468000 | |
CY2012Q4 | us-gaap |
Real Estate Heldforsale
RealEstateHeldforsale
|
4836000 | |
CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
482000 | |
CY2012Q4 | us-gaap |
Business Acquisition Purchase Price Allocation Other Assets
BusinessAcquisitionPurchasePriceAllocationOtherAssets
|
629000 | |
CY2012Q4 | us-gaap |
Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
|
898000000 | |
CY2012Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | shares |
CY2012Q4 | us-gaap |
Real Estate And Accumulated Depreciation Accumulated Depreciation
RealEstateAndAccumulatedDepreciationAccumulatedDepreciation
|
146207000 | |
CY2012Q4 | us-gaap |
Prepaid Insurance
PrepaidInsurance
|
663000 | |
CY2012Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-31985000 | |
CY2012Q4 | us-gaap |
Assets
Assets
|
810789000 | |
CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
9.75 | |
CY2012Q4 | us-gaap |
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts
|
76744000 | |
CY2012Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
11700000 | |
CY2012Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2012Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
810789000 | |
CY2012Q4 | us-gaap |
Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
|
126856000 | |
CY2012Q4 | us-gaap |
Business Acquisition Cost Of Acquired Entity Purchase Price
BusinessAcquisitionCostOfAcquiredEntityPurchasePrice
|
265418000 | |
CY2012Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
5311000 | |
CY2012Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
|
124465000 | |
CY2012Q4 | us-gaap |
Minority Interest
MinorityInterest
|
36718000 | |
CY2012Q4 | us-gaap |
Deferred Finance Costs Gross
DeferredFinanceCostsGross
|
9500000 | |
CY2012Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
734362000 | |
CY2012Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
879655000 | |
CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
13980000 | |
CY2012Q4 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
5562000 | |
CY2012Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
46159652 | shares |
CY2012Q4 | us-gaap |
Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
|
300000 | |
CY2012Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
10800000 | |
CY2012Q4 | us-gaap |
Business Acquisition Purchase Price Allocation Liabilities Assumed
BusinessAcquisitionPurchasePriceAllocationLiabilitiesAssumed
|
47162000 | |
CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
34621000 | |
CY2012Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-528000 | |
CY2012Q4 | us-gaap |
Business Acquisition Purchase Price Allocation Assets Acquired
BusinessAcquisitionPurchasePriceAllocationAssetsAcquired
|
266047000 | |
CY2012Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovements
|
901207000 | |
CY2012Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
641000 | |
CY2012Q4 | us-gaap |
Business Acquisition Purchase Price Allocation Other Liabilities
BusinessAcquisitionPurchasePriceAllocationOtherLiabilities
|
1993000 | |
CY2012Q4 | us-gaap |
Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
|
8895000 | |
CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
893000 | shares |
CY2012Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
462000 | |
CY2012Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2012Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
33745000 | |
CY2012Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
200000 | |
CY2012Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
145293000 | |
CY2012Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
106160000 | |
CY2012Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
36922000 | |
CY2012Q4 | us-gaap |
Development In Process
DevelopmentInProcess
|
10303000 | |
CY2012Q4 | us-gaap |
Land Available For Development
LandAvailableForDevelopment
|
15802000 | |
CY2012Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
468820000 | |
CY2012Q4 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.0515 | pure |
CY2012Q4 | inn |
Notional Amount Of Variable Rate Debt Converted Into Fixed Rate Debt
NotionalAmountOfVariableRateDebtConvertedIntoFixedRateDebt
|
41000000 | |
CY2012Q4 | inn |
Business Acquisition Purchase Price Allocation Building And Improvements
BusinessAcquisitionPurchasePriceAllocationBuildingAndImprovements
|
220599000 | |
CY2012Q4 | inn |
Deposits For Acquisition
DepositsForAcquisition
|
2759000 | |
CY2012Q4 | inn |
Percentage Of Current Taxable Income Distributed To Shareholders
PercentageOfCurrentTaxableIncomeDistributedToShareholders
|
1.00 | pure |
CY2012Q4 | inn |
Accumulated Amortization Deferred Costs
AccumulatedAmortizationDeferredCosts
|
6806000 | |
CY2012Q4 | inn |
Deferred Costs Gross
DeferredCostsGross
|
15701000 | |
CY2012Q4 | inn |
Deferred Costs Amortization Expense Year Two
DeferredCostsAmortizationExpenseYearTwo
|
1871000 | |
CY2012Q4 | inn |
Deferred Costs Amortization Expense Year One
DeferredCostsAmortizationExpenseYearOne
|
2733000 | |
CY2012Q4 | inn |
Deferred Costs Amortization Expense Year Four
DeferredCostsAmortizationExpenseYearFour
|
703000 | |
CY2012Q4 | inn |
Deferred Costs Amortization Expense Year Five
DeferredCostsAmortizationExpenseYearFive
|
501000 | |
CY2012Q4 | inn |
Deferred Costs Amortization Expense After Year Five
DeferredCostsAmortizationExpenseAfterYearFive
|
2181000 | |
CY2012Q4 | inn |
Real Estate And Accumulated Depreciation Net Carrying Amount Of Land And Buildings And Improvements
RealEstateAndAccumulatedDepreciationNetCarryingAmountOfLandAndBuildingsAndImprovements
|
755000000 | |
CY2012Q4 | inn |
Initial Franchise Fee Costs
InitialFranchiseFeeCosts
|
6201000 | |
CY2011Q1 | us-gaap |
Partners Capital Account Units Contributed
PartnersCapitalAccountUnitsContributed
|
27274000 | shares |
CY2011Q1 | us-gaap |
Partners Capital Account Units Converted
PartnersCapitalAccountUnitsConverted
|
9993992 | shares |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
678000 | ||
us-gaap |
Costs And Expenses
CostsAndExpenses
|
123190000 | ||
us-gaap |
Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
|
19001000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
5331000 | ||
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-1240000 | ||
us-gaap |
Other Cost Of Services
OtherCostOfServices
|
33888000 | ||
us-gaap |
Occupancy Costs
OccupancyCosts
|
37675000 | ||
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-5106000 | ||
us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-36000 | ||
us-gaap |
Other Hotel Operating Revenue
OtherHotelOperatingRevenue
|
5015000 | ||
us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
|
791000 | ||
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
480000 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-2937000 | ||
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-1240000 | ||
us-gaap |
Occupancy Revenue
OccupancyRevenue
|
123506000 | ||
us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
3479000 | ||
us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-1867000 | ||
us-gaap |
Profit Loss
ProfitLoss
|
-4177000 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.12 | ||
us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
91264000 | ||
us-gaap |
Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
|
8132000 | ||
us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
|||
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
25111000 | ||
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
0.03 | ||
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
16000 | ||
us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
-329000 | ||
us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
929000 | ||
us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.06 | pure | |
us-gaap |
Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
|
7341000 | ||
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
240840000 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
27278000 | shares | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-7293000 | ||
us-gaap |
Income Tax Expense Benefit Continuing Operations
IncomeTaxExpenseBenefitContinuingOperations
|
-2325000 | ||
us-gaap |
Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
|
-138000 | ||
us-gaap |
Disposal Group Including Discontinued Operation Interest Expense
DisposalGroupIncludingDiscontinuedOperationInterestExpense
|
589000 | ||
us-gaap |
Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
-0.15 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
27278000 | shares | |
us-gaap |
Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
|
700000 | ||
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
|
251000 | ||
us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
-129000 | ||
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.34 | pure | |
us-gaap |
Revenues
Revenues
|
128521000 | ||
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
411000 | ||
us-gaap |
Dividends Cash
DividendsCash
|
10924000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
-2937000 | ||
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-12624000 | ||
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
3082000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-2187000 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-3348000 | ||
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-4177000 | ||
us-gaap |
Interest Expense
InterestExpense
|
12604000 | ||
inn |
Stock Issued During Period Value Preferred New Issues
StockIssuedDuringPeriodValuePreferredNewIssues
|
47875000 | ||
inn |
Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
|
1267000 | ||
inn |
Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
|
-3348000 | ||
inn |
Acquisition Related Expenses Net
AcquisitionRelatedExpensesNet
|
254000 | ||
inn |
Disposal Group Including Discontinued Operation Occupancy Costs
DisposalGroupIncludingDiscontinuedOperationOccupancyCosts
|
5485000 | ||
inn |
Comprehensive Income Loss Available To Preferred Stockholders
ComprehensiveIncomeLossAvailableToPreferredStockholders
|
411000 | ||
CY2010 | us-gaap |
Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
|
25235000 | |
CY2010 | us-gaap |
Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
|
46000 | |
CY2010 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
1239000 | |
CY2010 | us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
-563000 | |
CY2010 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1963000 | |
CY2010 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
1413000 | |
CY2010 | us-gaap |
Franchisor Costs
FranchisorCosts
|
14000000 | |
CY2010 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
6476000 | |
CY2010 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
27251000 | |
CY2010 | us-gaap |
Amortization Of Leased Asset
AmortizationOfLeasedAsset
|
47000 | |
CY2010 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
410000 | |
CY2010 | us-gaap |
Profit Loss
ProfitLoss
|
-20920000 | |
CY2010 | us-gaap |
Gain Loss On Disposition Of Property
GainLossOnDispositionOfProperty
|
-43000 | |
CY2010 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
6475000 | |
CY2010 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
15000 | |
CY2010 | us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
10665000 | |
CY2010 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
10423000 | |
CY2010 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3165000 | |
CY2010 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
4919000 | |
CY2010 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-262000 | |
CY2010 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
4942000 | |
CY2010 | us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
1978000 | |
CY2010 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
57000 | |
CY2010 | us-gaap |
Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
|
2700000 | |
CY2010 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-7520000 | |
CY2010 | us-gaap |
Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
|
89000 | |
CY2010 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-22000 | |
CY2010 | us-gaap |
Interest Paid
InterestPaid
|
25867000 | |
CY2010 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
1357000 | |
CY2010 | us-gaap |
Real Estate Other Additions
RealEstateOtherAdditions
|
2770000 | |
CY2010 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
200000 | |
CY2010 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
535000 | |
CY2010 | inn |
Real Estate Impairment
RealEstateImpairment
|
6476000 | |
CY2011 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
678000 | |
CY2011 | us-gaap |
Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
|
26740000 | |
CY2011 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0257 | pure |
CY2011 | us-gaap |
Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
|
5369000 | |
CY2011 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
4276000 | |
CY2011 | us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
-785000 | |
CY2011 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
4327000 | |
CY2011 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
50017000 | |
CY2011 | us-gaap |
Franchisor Costs
FranchisorCosts
|
15200000 | |
CY2011 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-5106000 | |
CY2011 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.0509 | pure |
CY2011 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
29808000 | |
CY2011 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
480000 | |
CY2011 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
83986000 | |
CY2011 | us-gaap |
Amortization Of Leased Asset
AmortizationOfLeasedAsset
|
47000 | |
CY2011 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
316000 | |
CY2011 | us-gaap |
Number Of Businesses Acquired
NumberOfBusinessesAcquired
|
5 | Property |
CY2011 | us-gaap |
Profit Loss
ProfitLoss
|
-10384000 | |
CY2011 | us-gaap |
Gain Loss On Disposition Of Property
GainLossOnDispositionOfProperty
|
-36000 | |
CY2011 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.12 | |
CY2011 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y6M | |
CY2011 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
361000 | |
CY2011 | us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
268716000 | |
CY2011 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
24146000 | |
CY2011 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
0.03 | |
CY2011 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-83486000 | |
CY2011 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
65383000 | |
CY2011 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
441000 | |
CY2011 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
2560000 | |
CY2011 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1637000 | |
CY2011 | us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
3027000 | |
CY2011 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
27278000 | shares |
CY2011 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
394000 | |
CY2011 | us-gaap |
Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
|
2700000 | |
CY2011 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
61900000 | |
CY2011 | us-gaap |
Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
|
5369000 | |
CY2011 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.566 | pure |
CY2011 | us-gaap |
Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
-0.15 | |
CY2011 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
27278000 | shares |
CY2011 | us-gaap |
Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
|
288716000 | |
CY2011 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P8Y | |
CY2011 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
163000 | |
CY2011 | us-gaap |
Interest Paid
InterestPaid
|
18852000 | |
CY2011 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
100000 | |
CY2011 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
7499000 | |
CY2011 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-2196000 | |
CY2011 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
411000 | |
CY2011 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
940000 | shares |
CY2011 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
33514000 | |
CY2011 | us-gaap |
Real Estate Other Additions
RealEstateOtherAdditions
|
79901000 | |
CY2011 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
400000 | |
CY2011 | us-gaap |
Owned Property Management Costs
OwnedPropertyManagementCosts
|
5900000 | |
CY2011 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
19207000 | |
CY2011 | us-gaap |
Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
|
1491000 | |
CY2011 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
3.48 | |
CY2011 | inn |
Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
|
-3348000 | |
CY2011 | inn |
Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
|
0.20 | |
CY2011 | inn |
Net Income Loss Attributable To Common Shareholders Before Discontinued Operations
NetIncomeLossAttributableToCommonShareholdersBeforeDiscontinuedOperations
|
-4026000 | |
CY2012 | dei |
Trading Symbol
TradingSymbol
|
INN | |
CY2012 | dei |
Entity Registrant Name
EntityRegistrantName
|
SUMMIT HOTEL PROPERTIES, INC. | |
CY2012 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2012 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2012 | dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | |
CY2012 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2012 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2012 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2012 | |
CY2012 | dei |
Document Type
DocumentType
|
10-K | |
CY2012 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2012-12-31 | |
CY2012 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001497645 | |
CY2012 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
CY2012 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2012 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-965000 | |
CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
shares | |
CY2012 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y | |
CY2012 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
33849000 | shares |
CY2012 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
1122000 | |
CY2012 | us-gaap |
Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
|
31732000 | |
CY2012 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
178727000 | |
CY2012 | us-gaap |
Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
|
25125000 | |
CY2012 | us-gaap |
Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
|
11693000 | |
CY2012 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
10815000 | |
CY2012 | us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
53000 | |
CY2012 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
2394000 | |
CY2012 | us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
69000 | |
CY2012 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-1194000 | |
CY2012 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
5005000 | |
CY2012 | us-gaap |
Other Cost Of Services
OtherCostOfServices
|
51062000 | |
CY2012 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
216892000 | |
CY2012 | us-gaap |
Occupancy Costs
OccupancyCosts
|
54083000 | |
CY2012 | us-gaap |
Franchisor Costs
FranchisorCosts
|
20700000 | |
CY2012 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-3627000 | |
CY2012 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-198000 | |
CY2012 | us-gaap |
Other Hotel Operating Revenue
OtherHotelOperatingRevenue
|
7944000 | |
CY2012 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
|
1306000 | |
CY2012 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1205000 | |
CY2012 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-1305000 | |
CY2012 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
660000 | |
CY2012 | us-gaap |
Occupancy Revenue
OccupancyRevenue
|
181598000 | |
CY2012 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
34871000 | |
CY2012 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
3534000 | |
CY2012 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1205000 | |
CY2012 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
||
CY2012 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
72567000 | |
CY2012 | us-gaap |
Amortization Of Leased Asset
AmortizationOfLeasedAsset
|
73000 | |
CY2012 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1043000 | |
CY2012 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
2091000 | |
CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
9.75 | |
CY2012 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-1531000 | |
CY2012 | us-gaap |
Number Of Businesses Acquired
NumberOfBusinessesAcquired
|
19 | Property |
CY2012 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
200000 | |
CY2012 | us-gaap |
Profit Loss
ProfitLoss
|
-2270000 | |
CY2012 | us-gaap |
Gain Loss On Disposition Of Property
GainLossOnDispositionOfProperty
|
2811000 | |
CY2012 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.17 | |
CY2012 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | |
CY2012 | us-gaap |
Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
|
37000 | |
CY2012 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
131181000 | |
CY2012 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
2965000 | |
CY2012 | us-gaap |
Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
|
5351000 | |
CY2012 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
||
CY2012 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
34263000 | |
CY2012 | us-gaap |
Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
|
25887000 | |
CY2012 | us-gaap |
Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
|
82312000 | |
CY2012 | us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
210000 | |
CY2012 | us-gaap |
Amortization Of Deferred Charges
AmortizationOfDeferredCharges
|
3082000 | |
CY2012 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
34703000 | |
CY2012 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
0.03 | |
CY2012 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-233005000 | |
CY2012 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
35000 | |
CY2012 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
-270000 | |
CY2012 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-639000 | |
CY2012 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
130659000 | |
CY2012 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
||
CY2012 | us-gaap |
Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
|
4873625 | shares |
CY2012 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
1357000 | |
CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.06 | pure |
CY2012 | us-gaap |
Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
|
4045000 | |
CY2012 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
700000 | |
CY2012 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
106405000 | |
CY2012 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
3443000 | |
CY2012 | us-gaap |
Maximum Length Of Time Hedged In Interest Rate Cash Flow Hedge1
MaximumLengthOfTimeHedgedInInterestRateCashFlowHedge1
|
P7Y | |
CY2012 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
512000 | |
CY2012 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
132000 | shares |
CY2012 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
731000 | |
CY2012 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1424000 | |
CY2012 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-4865000 | |
CY2012 | us-gaap |
Income Tax Expense Benefit Continuing Operations
IncomeTaxExpenseBenefitContinuingOperations
|
-1289000 | |
CY2012 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-639000 | |
CY2012 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> NOTE 1 - DESCRIPTION OF BUSINESS</font></div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br /></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Summit Hotel Properties, Inc. (the “Company”) is a self-advised hotel investment company that was organized on June 30, 2010 as a Maryland corporation. The Company holds both general and limited partnership interests in Summit Hotel OP, LP (the “Operating Partnership”), a Delaware limited partnership also organized on June 30, 2010. On February 14, 2011, the Company closed on its initial public offering (“IPO”) of 26,000,000 shares of common stock and a concurrent private placement of 1,274,000 shares of common stock. Effective February 14, 2011, the Operating Partnership and Summit Hotel Properties, LLC (the “Predecessor”) completed the merger of the Predecessor with and into the Operating Partnership (the “Merger”). At the effective time of the Merger, the outstanding Class A, Class A-1, Class B, and Class C membership interests in the Predecessor were converted into and cancelled in exchange for, a total of 9,993,992 common units of partnership interest in the Operating Partnership (“Common Units”), and the members of the Predecessor were admitted as limited partners of the Operating Partnership. Also effective February 14, 2011, The Summit Group, Inc. (“The Summit Group”), the parent company of the Predecessor, contributed its 36% Class B membership interest in Summit Group of Scottsdale, Arizona LLC (“Summit of Scottsdale”) to the Operating Partnership in exchange for 74,829 Common Units and an unaffiliated third-party investor contributed its 15% Class C membership interest in Summit of Scottsdale to the Operating Partnership in exchange for 31,179 Common Units. The Predecessor owned 49% of Summit of Scottsdale prior to February 14, 2011. Effective February 14, 2011, the Company contributed the net proceeds of the IPO and the concurrent private placement to the Operating Partnership in exchange for an aggregate of 27,274,000 Common Units, including Common Units representing the sole general partnership interest in the Operating Partnership, which are held by a wholly owned subsidiary of the Company as the sole general partner of the Operating Partnership. Unless the context otherwise requires, “we” and “our” refer to the Company and the Operating Partnership collectively.</font></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> </font></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">While the Operating Partnership was the survivor of and the legal acquirer of the Predecessor in the Merger, for accounting and financial reporting purposes, the Predecessor is considered the accounting acquirer in the Merger. As a result, the historical consolidated financial statements of the Predecessor are presented as the historical consolidated financial statements of the Company and the Operating Partnership after completion of the Merger and the contributions of the Class B and C membership interests in Summit of Scottsdale to the Operating Partnership (collectively, the “Reorganization Transaction”).</font></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> </font></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As a result of the Reorganization Transaction, the Operating Partnership and its subsidiaries acquired sole ownership of the 65 hotels in its initial portfolio. In addition, the Operating Partnership and its subsidiaries assumed the liabilities, including indebtedness, of the Predecessor and its subsidiaries.</font></div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br /></div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">At December 31, 2012, our portfolio consists of 84 upscale, upper midscale and midscale hotels with a total of 9,019 guestrooms located in 21 states. The hotels are leased to subsidiaries (“TRS Lessees”) of our taxable REIT subsidiaries (“TRSs”). We indirectly own 100% of the outstanding equity interests in the TRS Lessees.</font></div> </div> | |
CY2012 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
201745000 | |
CY2012 | us-gaap |
Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
|
-51000 | |
CY2012 | us-gaap |
Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
|
35477000 | |
CY2012 | us-gaap |
Disposal Group Including Discontinued Operation Interest Expense
DisposalGroupIncludingDiscontinuedOperationInterestExpense
|
179000 | |
CY2012 | us-gaap |
Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
-0.20 | |
CY2012 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
33717000 | shares |
CY2012 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
227200000 | |
CY2012 | us-gaap |
Financial Services Costs
FinancialServicesCosts
|
661000 | |
CY2012 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.34 | pure |
CY2012 | us-gaap |
Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
|
178858000 | |
CY2012 | us-gaap |
Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
|
911000 | |
CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
47000 | shares |
CY2012 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P8Y | |
CY2012 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
|
235000 | |
CY2012 | us-gaap |
Revenues
Revenues
|
189542000 | |
CY2012 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
433000 | |
CY2012 | us-gaap |
Interest Paid
InterestPaid
|
15592000 | |
CY2012 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
100000 | |
CY2012 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
29396000 | |
CY2012 | us-gaap |
Real Estate Other Additions
RealEstateOtherAdditions
|
294310000 | |
CY2012 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
23840000 | |
CY2012 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-1801000 | |
CY2012 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
4625000 | |
CY2012 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
893000 | shares |
CY2012 | us-gaap |
Dividends Cash
DividendsCash
|
23066000 | |
CY2012 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1076000 | |
CY2012 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-15680000 | |
CY2012 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
400000 | |
CY2012 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
6039000 | |
CY2012 | us-gaap |
Owned Property Management Costs
OwnedPropertyManagementCosts
|
9200000 | |
CY2012 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-1238000 | |
CY2012 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-5701000 | |
CY2012 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-2909000 | |
CY2012 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
23066000 | |
CY2012 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-2000 | |
CY2012 | us-gaap |
Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
|
1429000 | |
CY2012 | us-gaap |
Interest Expense
InterestExpense
|
15585000 | |
CY2012 | inn |
Stock Issued During Period Value Preferred New Issues
StockIssuedDuringPeriodValuePreferredNewIssues
|
72453000 | |
CY2012 | inn |
Net Income Loss Available To Common Stockholders Basic And Diluted
NetIncomeLossAvailableToCommonStockholdersBasicAndDiluted
|
-5738000 | |
CY2012 | inn |
Disposal Group Including Discontinued Operation Asset Impairment Charges
DisposalGroupIncludingDiscontinuedOperationAssetImpairmentCharges
|
2305000 | |
CY2012Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
-0.03 | |
CY2012Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-801000 | |
CY2012 | inn |
Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
|
0.58 | |
CY2012 | inn |
Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
|
608000 | |
CY2012 | inn |
Disposal Group Including Discontinued Operation Gain Loss On Disposition Of Assets
DisposalGroupIncludingDiscontinuedOperationGainLossOnDispositionOfAssets
|
3009000 | |
CY2012 | inn |
Common Stock Issued In Connection With Redemption Shares
CommonStockIssuedInConnectionWithRedemptionShares
|
4873625 | shares |
CY2012 | inn |
Comprehensive Income Loss Available To Common Stockholders
ComprehensiveIncomeLossAvailableToCommonStockholders
|
-5590000 | |
CY2012 | inn |
Payments For Investments In Development Hotels
PaymentsForInvestmentsInDevelopmentHotels
|
10303000 | |
CY2012 | inn |
Real Estate Impairment
RealEstateImpairment
|
2965000 | |
CY2012 | inn |
Impairment Loss On Real Estate Properties Including Amounts In Discontinued Operations
ImpairmentLossOnRealEstatePropertiesIncludingAmountsInDiscontinuedOperations
|
700000 | |
CY2012 | inn |
Acquisition Related Expenses Net
AcquisitionRelatedExpensesNet
|
3050000 | |
CY2011Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
441000 | |
CY2012Q1 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-1609000 | |
CY2012Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.11 | |
CY2012Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
-0.03 | |
CY2012Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-1196000 | |
CY2012Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
-0.08 | |
CY2012Q1 | us-gaap |
Revenues
Revenues
|
40102000 | |
CY2012Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-2891000 | |
CY2012Q2 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
444000 | |
CY2012Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
-0.01 | |
CY2012Q2 | us-gaap |
Revenues
Revenues
|
47213000 | |
CY2012 | inn |
Disposal Group Including Discontinued Operation Occupancy Costs
DisposalGroupIncludingDiscontinuedOperationOccupancyCosts
|
3962000 | |
CY2012 | inn |
Comprehensive Income Loss Available To Preferred Stockholders
ComprehensiveIncomeLossAvailableToPreferredStockholders
|
4625000 | |
CY2012 | inn |
Net Income Loss Attributable To Common Shareholders Before Discontinued Operations
NetIncomeLossAttributableToCommonShareholdersBeforeDiscontinuedOperations
|
-6860000 | |
CY2011Q1 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-1683000 | |
CY2011Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.04 | |
CY2011Q1 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
69000 | |
CY2011Q1 | us-gaap |
Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
-0.04 | |
CY2011Q1 | us-gaap |
Revenues
Revenues
|
18105000 | |
CY2011Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1178000 | |
CY2011Q2 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
474000 | |
CY2011Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.02 | |
CY2011Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
0.01 | |
CY2011Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
130000 | |
CY2011Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
0.01 | |
CY2011Q2 | us-gaap |
Revenues
Revenues
|
36815000 | |
CY2012Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.04 | |
CY2012Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1238000 | |
CY2011Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-941000 | |
CY2011Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
0.01 | |
CY2011Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
982000 | |
CY2011Q3 | us-gaap |
Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
-0.01 | |
CY2011Q3 | us-gaap |
Revenues
Revenues
|
40033000 | |
CY2011Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
30000 | |
CY2012Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
1033000 | |
CY2012Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.01 | |
CY2012Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
608000 | |
CY2012Q3 | us-gaap |
Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
0.01 | |
CY2012Q3 | us-gaap |
Revenues
Revenues
|
50804000 | |
CY2012Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
406000 | |
CY2011Q4 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-2956000 | |
CY2011Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.10 | |
CY2011Q4 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
0.02 | |
CY2011Q4 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-252000 | |
CY2011Q4 | us-gaap |
Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
-0.12 | |
CY2011Q4 | us-gaap |
Revenues
Revenues
|
33568000 | |
CY2011Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-2641000 | |
CY2012Q4 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-3495000 | |
CY2012Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.03 | |
CY2012Q4 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
0.09 | |
CY2012Q4 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
2746000 | |
CY2012Q4 | us-gaap |
Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
-0.12 | |
CY2012Q4 | us-gaap |
Revenues
Revenues
|
51423000 | |
CY2012Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1978000 |