v2.4.0.6

Consolidated Statements of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Revenues:
Room revenue	$ 235,630	$ 220,227	$ 206,624
Other revenue	16,837	16,553	14,634
Reimbursed expenses	7,965	7,241	6,055
Total revenue	260,432	244,021	227,313
Expenses:
Operating expense	63,743	61,257	58,443
Hotel administrative expense	19,875	19,241	18,405
Sales and marketing	20,345	18,967	17,381
Utilities	9,522	9,801	9,602
Repair and maintenance	11,246	10,827	10,801
Franchise fees	10,614	9,936	9,286
Management fees	8,681	7,957	6,978
Taxes, insurance and other	13,103	12,133	12,143
General and administrative	7,620	5,589	6,072
Merger transaction costs	4,037	562	0
Reimbursed expenses	7,965	7,241	6,055
Depreciation expense	31,054	32,432	30,806
Total expenses	207,805	195,943	185,972
Operating income	52,627	48,078	41,341
Interest expense, net	(3,084)	(3,617)	(3,800)
Income from continuing operations	49,543	44,461	37,541
Income (loss) from discontinued operations	0	700	(3,157)
Net income	$ 49,543	$ 45,161	$ 34,384
Basic and diluted net income (loss) per common share
From continuing operations (in Dollars per share)	$ 0.54	$ 0.48	$ 0.41
From discontinued operations (in Dollars per share)	$ 0	$ 0.01	$ (0.03)
Total basic and diluted net income per common share (in Dollars per share)	$ 0.54	$ 0.49	$ 0.38
Weighted average common shares outstanding - basic and diluted (in Shares)	91,142	91,254	91,323

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