10-K Filing

APPLE REIT TEN, INC. CIK: 1498864 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0000930413-12-001509`
Period End Date	20111231
Filing Date	20120313
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	apple10-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 40 Cash Flow Statement 52 Stockholders Equity 12

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Real estate accumulated depreciation (in Dollars)	`RealEstateInvestmentPropertyAccumulatedDepreciation`	-	USD	Point-in-time
Real estate accumulated depreciation (in Dollars)	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$6.01M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Investment in real estate, net of accumulated depreciation of $6,009 and $0	`RealEstateInvestmentPropertyNet`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Investment in real estate, net of accumulated depreciation of $6,009 and $0	`RealEstateInvestmentPropertyNet`	$452.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$124.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.08M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Due from third party managers, net	`DueFromManagers`	$1.24M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Due from third party managers, net	`DueFromManagers`	-	USD	Point-in-time
Other assets, net	`OtherAssets`	$868.00K	USD	Point-in-time
Other assets, net	`OtherAssets`	$10.70M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Total Assets	`Assets`	$471.22M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	43.50M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.00	shares	Point-in-time
Total Assets	`Assets`	$992.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	43.50M	shares	Point-in-time
Notes payable	`SecuredDebt`	$69.64M	USD	Point-in-time
Notes payable	`SecuredDebt`	$400.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$575.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$5.67M	USD	Point-in-time
Total Liabilities	`Liabilities`	$75.31M	USD	Point-in-time
Total Liabilities	`Liabilities`	$975.00K	USD	Point-in-time
Preferred stock, value issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, value issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, no par value, authorized 400,000,000 shares; issued and outstanding 43,502,273 and 10 shares, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, no par value, authorized 400,000,000 shares; issued and outstanding 43,502,273 and 10 shares, respectively	`CommonStockValue`	$424.63M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-31.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.17M	USD	Point-in-time
Cumulative distributions paid	`AccumulatedDistributionsInExcessOfNetIncome`	-	USD	Point-in-time
Cumulative distributions paid	`AccumulatedDistributionsInExcessOfNetIncome`	$-23.59M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$48.00K	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$395.92M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$17.00K	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$992.00K	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$471.22M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Room revenue	`OccupancyRevenue`	$37.91M	USD	Annual
Room revenue	`OccupancyRevenue`	-	USD	2 Qtrs
Other revenue	`OtherHotelOperatingRevenue`	$4.18M	USD	Annual
Other revenue	`OtherHotelOperatingRevenue`	-	USD	2 Qtrs
Total revenue	`Revenues`	-	USD	2 Qtrs
Total revenue	`Revenues`	$42.09M	USD	Annual
Operating expense	`DirectCostsOfHotels`	-	USD	2 Qtrs
Operating expense	`DirectCostsOfHotels`	$10.59M	USD	Annual
Hotel administrative expense	`CostOfOtherPropertyOperatingExpense`	-	USD	2 Qtrs
Hotel administrative expense	`CostOfOtherPropertyOperatingExpense`	$3.48M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$3.57M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	-	USD	2 Qtrs
Utilities	`UtilitiesCosts`	-	USD	2 Qtrs
Utilities	`UtilitiesCosts`	$1.59M	USD	Annual
Repair and maintenance	`CostOfPropertyRepairsAndMaintenance`	$1.41M	USD	Annual
Repair and maintenance	`CostOfPropertyRepairsAndMaintenance`	-	USD	2 Qtrs
Franchise fees	`DirectOperatingCostRoyaltyExpense`	-	USD	2 Qtrs
Franchise fees	`DirectOperatingCostRoyaltyExpense`	$1.84M	USD	Annual
Management fees	`OwnedPropertyManagementCosts`	$1.26M	USD	Annual
Management fees	`OwnedPropertyManagementCosts`	-	USD	2 Qtrs
Taxes, insurance and other	`RealEstateTaxesAndInsurance`	$2.54M	USD	Annual
Taxes, insurance and other	`RealEstateTaxesAndInsurance`	-	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.06M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$28.00K	USD	2 Qtrs
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	$11.27M	USD	Annual
Acquisition related costs	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	2 Qtrs
Depreciation expense	`Depreciation`	$6.01M	USD	Annual
Depreciation expense	`Depreciation`	-	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$46.62M	USD	Annual
Total expenses	`OperatingExpenses`	$28.00K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-28.00K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-4.53M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-607.00K	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-3.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-31.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-5.13M	USD	Annual
Basic and diluted net loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.18	USD	Annual
Basic and diluted net loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-3.08K	USD	2 Qtrs
Weighted average common shares outstandingbasic and diluted (in Shares)	`WeightedAverageCommonSharesOutstandingBasicAndDiluted`	0.00	shares	2 Qtrs
Weighted average common shares outstandingbasic and diluted (in Shares)	`WeightedAverageCommonSharesOutstandingBasicAndDiluted`	29.33M	shares	Annual

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-31.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-5.13M	USD	Annual
Depreciation	`Depreciation`	$6.01M	USD	Annual
Depreciation	`Depreciation`	-	USD	2 Qtrs
Amortization of deferred financing costs, fair value adjustments and other noncash expenses	`AmortizationOfDeferredFinancingCostsFairValueAdjustments`	$52.00K	USD	Annual
Amortization of deferred financing costs, fair value adjustments and other noncash expenses	`AmortizationOfDeferredFinancingCostsFairValueAdjustments`	-	USD	2 Qtrs
Increase in due from third party managers, net	`IncreaseDecreaseInDueFromThirdPartyManager`	-	USD	2 Qtrs
Increase in due from third party managers, net	`IncreaseDecreaseInDueFromThirdPartyManager`	$1.43M	USD	Annual
Increase in other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	2 Qtrs
Increase in other assets, net	`IncreaseDecreaseInOtherOperatingAssets`	$45.00K	USD	Annual
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$25.00K	USD	2 Qtrs
Increase in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.36M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$821.00K	USD	Annual
Cash paid for the acquisition of hotel properties	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Cash paid for the acquisition of hotel properties	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$391.84M	USD	Annual
Deposits and other disbursements for potential acquisitions	`PaymentsForDepositsOnRealEstateAcquisitions`	$433.00K	USD	Annual
Deposits and other disbursements for potential acquisitions	`PaymentsForDepositsOnRealEstateAcquisitions`	-	USD	2 Qtrs
Capital improvements	`PaymentsForCapitalImprovements`	-	USD	2 Qtrs
Capital improvements	`PaymentsForCapitalImprovements`	$1.30M	USD	Annual
Increase in capital improvement reserves	`IncreaseDecreaseInRestrictedCash`	-	USD	2 Qtrs
Increase in capital improvement reserves	`IncreaseDecreaseInRestrictedCash`	$74.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-393.64M	USD	Annual
Net proceeds (disbursements) related to issuance of Units	`ProceedsFromIssuanceOfUnits`	$-318.00K	USD	2 Qtrs
Net proceeds (disbursements) related to issuance of Units	`ProceedsFromIssuanceOfUnits`	$424.95M	USD	Annual
Distributions paid to common shareholders	`PaymentsOfDividendsCommonStock`	-	USD	2 Qtrs
Distributions paid to common shareholders	`PaymentsOfDividendsCommonStock`	$23.59M	USD	Annual
Payments of notes payable	`ProceedsFromRepaymentsOfSecuredDebt`	$-273.00K	USD	Annual
Payments of notes payable	`ProceedsFromRepaymentsOfSecuredDebt`	-	USD	2 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	-	USD	2 Qtrs
Deferred financing costs	`PaymentsOfFinancingCosts`	$906.00K	USD	Annual
Proceeds from (payments on) line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$400.00K	USD	2 Qtrs
Proceeds from (payments on) line of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-400.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$82.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$399.77M	USD	Annual
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$76.00K	USD	2 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.96M	USD	Annual
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$124.00K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.08M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$48.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$124.00K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.08M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$48.00K	USD	Point-in-time
Interest paid	`InterestPaid`	$713.00K	USD	Annual
Interest paid	`InterestPaid`	$3.00K	USD	2 Qtrs
Notes payable assumed in acquisitions	`NoncashOrPartNoncashAcquisitionDebtAssumed1`	-	USD	2 Qtrs
Notes payable assumed in acquisitions	`NoncashOrPartNoncashAcquisitionDebtAssumed1`	$-69.41M	USD	Annual
Other assets assumed in acquisitions	`NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1`	-	USD	2 Qtrs
Other assets assumed in acquisitions	`NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1`	$4.07M	USD	Annual
Other liabilities assumed in acquisitions	`NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1`	$4.14M	USD	Annual
Other liabilities assumed in acquisitions	`NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1`	-	USD	2 Qtrs

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$48.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$395.92M	USD	Point-in-time
Cash distributions paid to shareholders	`CommonStockDividendsPerShareCashPaid`	$0.76	USD	Annual
Balance	`StockholdersEquity`	$17.00K	USD	Point-in-time
Net proceeds from the sale of common shares	`StockIssuedDuringPeriodValueNewIssues`	$424.57M	USD	Annual
Stock options granted	`StockGrantedDuringPeriodValueSharebasedCompensation`	$58.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-31.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-5.13M	USD	Annual
Cash distributions declared and paid to shareholders ($0.76 per share)	`DividendsCommonStockCash`	$-23.59M	USD	Annual
Balance	`StockholdersEquity`	$48.00K	USD	Point-in-time
Balance	`StockholdersEquity`	$395.92M	USD	Point-in-time
Balance	`StockholdersEquity`	$17.00K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.