there are three key performance indicators used in the hotel industry to measure room revenues : occupancy , or the number of rooms sold , usually expressed as a percentage of total rooms available ; average daily rate or adr , which is total room revenue divided by the number of rooms sold ; and revenue per available room or revpar , which is the room revenue divided by the total number of available rooms . results of operations comparison of year ended december 31 , 2011 to year ended december 31 , 2010 the following table illustrates the key operating metrics for the years ended december 31 , 2011 and 2010 for our nine wholly-owned properties ( actual properties ) . replace_table_token_9_th revenue . total revenue for the year ended december 31 , 2011 was approximately $ 81.2 million , an increase of approximately $ 3.8 million or 4.9 % from total revenue for the year ended december 31 , 2010 of approximately $ 77.4 million . increases in revenue at the hilton wilmington riverside , the sheraton louisville riverside and the crowne plaza tampa westshore offset slight decreases in revenue at our properties in laurel , maryland and raleigh , north carolina . room revenues at our properties for the year ended december 31 , 2011 increased approximately $ 3.1 million or 5.8 % to approximately $ 56.2 million compared to room revenues for the year ended december 31 , 2010 of approximately $ 53.1 million . the increase in room revenue was mostly attributable to increases in occupancy at our recently renovated properties in jeffersonville , indiana ; hampton , virginia ; and tampa , florida . we expect occupancy and adr to increase as demand continues to strengthen as the overall economy continues to improve . food and beverage revenues at our properties for the year ended december 31 , 2011 increased approximately $ 0.6 million or 2.9 % to approximately $ 20.5 million compared to food and beverage revenues for the year ended december 31 , 2010 of approximately $ 19.9 million . most of the increase in food and beverage revenue was attributable to increased revenues at the crowne plaza tampa westshore and the hilton wilmington riverside . 41 other operating revenues for the year ended december 31 , 2011 increased approximately $ 0.1 million or 2.6 % to approximately $ 4.5 million compared to other operating revenues for the year ended december 31 , 2010 of approximately $ 4.4 million . higher guaranteed no-show fees offset decreases in pay-per-view movie revenue . hotel operating expenses . hotel operating expenses , which consist of room expenses , food and beverage expenses , other direct expenses , indirect expenses , and management fees , increased approximately $ 2.7 million or 4.6 % for the year ended december 31 , 2011 to approximately $ 61.8 million compared to hotel operating expenses for the year ended december 31 , 2010 of approximately $ 59.1 million . increases in expenses that vary directly with increases in revenue , such as food and beverage expense , management fees and franchise fees , accounted for approximately half the increase in hotel operating expenses . rooms expense at our properties for the year ended december 31 , 2011 increased approximately $ 0.7 million or 5.0 % to approximately $ 15.8 million compared to rooms expense of approximately $ 15.1 million for the year ended december 31 , 2010. the increase in rooms expense was directly related to the 5.8 % increase in room revenue . food and beverage expenses at our properties for the year ended december 31 , 2011 increased approximately $ 0.4 million or 2.8 % to approximately $ 13.6 million compared to food and beverage expense of approximately $ 13.2 million for the year ended december 31 , 2010. the increase in food and beverage expense was generally attributable to the 2.9 % increase in food and beverage revenue . indirect expenses at our properties for the year ended december 31 , 2011 increased approximately $ 1.8 million or 5.9 % to approximately $ 31.8 million compared to indirect expenses of approximately $ 30.0 million for the year ended december 31 , 2010. sales and marketing costs , franchise fees , utilities , repairs and maintenance , insurance , management fees , real and personal property taxes as well as general and administrative costs at the property level are included in indirect expenses . most of the increase in indirect expenses related to expenses that increase proportionally with increases in occupancy and or revenue , including management fees , franchise fees and energy costs . depreciation and amortization . depreciation and amortization for the year ended december 31 , 2011 increased approximately $ 0.2 million or 2.3 % to approximately $ 8.7 million compared to depreciation and amortization expense of approximately $ 8.5 million for the year ended december 31 , 2010. we expect depreciation and amortization to remain at approximately this level for the current portfolio of hotels . corporate general and administrative . corporate general and administrative expenses for the year ended december 31 , 2011 increased approximately $ 0.6 million or 18.8 % to approximately $ 4.0 million compared to corporate general and administrative expenses of approximately $ 3.4 million for the year ended december 31 , 2010 due mostly to the charge in the third quarter for fees related to our aborted stock offering . interest expense . story_separator_special_tag replace_table_token_12_th in connection with the acquisition of our six initial hotel properties , we entered into tax indemnity agreements that require us to indemnify the contributors of our initial properties against tax liabilities in the event we sell those properties in a taxable transaction during a 10-year period . such indemnification obligations could result in aggregate payments of approximately $ 13.8 million . our obligations under the tax indemnity agreements may effectively preclude us from selling or disposing of certain of the initial hotels in taxable transactions or reducing our consolidated indebtedness below approximately $ 11.0 million . off balance sheet arrangements . through a joint venture with a carlyle subsidiary , we own a 25.0 % indirect , noncontrolling interest in an entity ( the jv owner ) that acquired the 311-room crowne plaza hollywood beach resort in hollywood , florida . we have the right to receive a pro rata share of operating surpluses and we have an obligation to fund our pro rata share of operating shortfalls . we also have the opportunity to earn an incentive participation in the net proceeds realized from the sale of the hotel based upon the achievement of certain overall investment returns , in addition to our pro rata share of net sale proceeds . the crowne plaza hollywood beach resort is leased to another entity ( the joint venture lessee ) in which we also own a 25.0 % indirect , noncontrolling interest . the acquisition of the property was funded in part by a mortgage loan in the amount of $ 57.6 million . the mortgage , which had an original two-year term maturing on august 1 , 2009 , was restructured on june 13 , 2008 so that the first $ 35.6 million bore interest at a rate of libor plus additional interest of 0.98 % . the remaining $ 22.0 million bore a rate of libor plus additional interest of 3.50 % . upon that restructure , a fourth entity , in which we own a 25.0 % indirect noncontrolling interest , purchased the $ 22.0 million junior participation for $ 19.0 million . the loan had been extended for one year and was modified in august 2010 to extend the maturity date to august 2014 , require monthly payments of interest at a rate of libor plus additional interest of 1.94 % and require annual principal payments of $ 0.5 million . in conjunction with the loan modification , the joint venture made an additional $ 1.5 million payment of principal and executed an interest-rate swap with a notional amount and maturity tied to the projected outstanding balance and maturity date of the loan . the crowne plaza hollywood beach resort secures the mortgage . we have provided limited guarantees to the lender with respect to this mortgage . carlyle owns a 75.0 % controlling interest in the jv owner , the joint venture lessee , the entity with the purchase option and the entity that held the junior participation . carlyle may elect to dispose of the crowne plaza hollywood beach without our consent . we account for our noncontrolling 25.0 % interest in all of these entities under the equity method of accounting . distributions to common stockholders . we have elected to be taxed as a reit commencing with our taxable year ending december 31 , 2004. to maintain qualification as a reit , we are required to make annual distributions to our stockholders of at least 90.0 % of our reit taxable income , ( excluding net capital gain , which 49 does not necessarily equal net income as calculated in accordance with generally accepted accounting principles ) . our ability to pay distributions to our stockholders will depend , in part , upon our receipt of distributions from our operating partnership which may depend upon receipt of lease payments with respect to our properties from our trs lessee , and in turn , upon the management of our properties by our hotel manager . distributions to our stockholders will generally be taxable to our stockholders as ordinary income ; however , because a portion of our investments will be equity ownership interests in hotels , which will result in depreciation and non-cash charges against our income , a portion of our distributions may constitute a tax-free return of capital . to the extent not inconsistent with maintaining our reit status , our trs lessee may retain any after-tax earnings . the amount , timing and frequency of distributions will be authorized by our board of directors and declared by us based upon a variety of factors deemed relevant by our directors , and no assurance can be given that our distribution policy will not change in the future . our ability to make distributions is constrained by the preferred stock instrument and the note agreement . while they permit the minimum distributions that allow us to maintain our status as a reit , they provide timing restrictions and conditions that must be met before such distributions can be made . provided certain additional conditions are satisfied , dividends in excess of the minimum amount may be made . inflation we generate revenues primarily from lease payments from our trs lessee and net income from the operations of our trs lessee . therefore , we rely primarily on the performance of the individual properties and the ability of our management company to increase revenues and to keep pace with inflation . operators of hotels , in general , possess the ability to adjust room rates daily to keep pace with inflation . however , competitive pressures at some or all of our hotels may limit the ability of our management company to raise room rates . our expenses , including hotel operating expenses , administrative expenses , real estate taxes and property and casualty insurance are subject to inflation . these expenses are expected to grow with the general rate of inflation

sources and uses of cash operating activities . our principal source of cash to meet our operating requirements , including distributions to unit holders and stockholders as well as repayments of indebtedness , is the operations of our hotels . cash flow provided by operating activities for the year ended december 31 , 2011 was approximately $ 7.6 million . we expect that the net cash provided by operations will be adequate to fund the company 's operating requirements , monthly and quarterly scheduled payments of principal and interest ( excluding any balloon payments due upon maturity of a debt ) and the payment of dividends in accordance with federal income tax laws which require us make annual distributions to our stockholders of at least 90.0 % of our reit taxable income , excluding net capital gains . investing activities . approximately $ 6.0 million was spent during the year ended december 31 , 2011 on renovations and capital improvements . financing activities . in april 2011 , we issued 25,000 shares of the preferred stock and a warrant to purchase shares of common stock for gross proceeds of $ 25.0 million , of which we used approximately $ 22.7 million to reduce our indebtedness on the credit facility . in august 2011 , we obtained an 18-month extension on the mortgage on the crowne plaza jacksonville repaying $ 4.0 million in principal which we obtained by accessing an equivalent amount of bridge financing via our agreement with essex equity high income joint investment vehicle , llc allowing us to borrow up to $ 10.0 million ( the bridge financing ) at a fixed rate of 9.25 % . between august 2011 and december 2011 , we obtained mortgages on the holiday inn laurel , doubletree by hilton brownstoneuniversity and sheraton louisville riverside totaling $ 27.7 million and used the proceeds to repay a portion of the balance on the credit facility .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```sources and uses of cash operating activities . our principal source of cash to meet our operating requirements , including distributions to unit holders and stockholders as well as repayments of indebtedness , is the operations of our hotels . cash flow provided by operating activities for the year ended december 31 , 2011 was approximately $ 7.6 million . we expect that the net cash provided by operations will be adequate to fund the company 's operating requirements , monthly and quarterly scheduled payments of principal and interest ( excluding any balloon payments due upon maturity of a debt ) and the payment of dividends in accordance with federal income tax laws which require us make annual distributions to our stockholders of at least 90.0 % of our reit taxable income , excluding net capital gains . investing activities . approximately $ 6.0 million was spent during the year ended december 31 , 2011 on renovations and capital improvements . financing activities . in april 2011 , we issued 25,000 shares of the preferred stock and a warrant to purchase shares of common stock for gross proceeds of $ 25.0 million , of which we used approximately $ 22.7 million to reduce our indebtedness on the credit facility . in august 2011 , we obtained an 18-month extension on the mortgage on the crowne plaza jacksonville repaying $ 4.0 million in principal which we obtained by accessing an equivalent amount of bridge financing via our agreement with essex equity high income joint investment vehicle , llc allowing us to borrow up to $ 10.0 million ( the bridge financing ) at a fixed rate of 9.25 % . between august 2011 and december 2011 , we obtained mortgages on the holiday inn laurel , doubletree by hilton brownstoneuniversity and sheraton louisville riverside totaling $ 27.7 million and used the proceeds to repay a portion of the balance on the credit facility .
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 Suspicious Activity Report : there are three key performance indicators used in the hotel industry to measure room revenues : occupancy , or the number of rooms sold , usually expressed as a percentage of total rooms available ; average daily rate or adr , which is total room revenue divided by the number of rooms sold ; and revenue per available room or revpar , which is the room revenue divided by the total number of available rooms . results of operations comparison of year ended december 31 , 2011 to year ended december 31 , 2010 the following table illustrates the key operating metrics for the years ended december 31 , 2011 and 2010 for our nine wholly-owned properties ( actual properties ) . replace_table_token_9_th revenue . total revenue for the year ended december 31 , 2011 was approximately $ 81.2 million , an increase of approximately $ 3.8 million or 4.9 % from total revenue for the year ended december 31 , 2010 of approximately $ 77.4 million . increases in revenue at the hilton wilmington riverside , the sheraton louisville riverside and the crowne plaza tampa westshore offset slight decreases in revenue at our properties in laurel , maryland and raleigh , north carolina . room revenues at our properties for the year ended december 31 , 2011 increased approximately $ 3.1 million or 5.8 % to approximately $ 56.2 million compared to room revenues for the year ended december 31 , 2010 of approximately $ 53.1 million . the increase in room revenue was mostly attributable to increases in occupancy at our recently renovated properties in jeffersonville , indiana ; hampton , virginia ; and tampa , florida . we expect occupancy and adr to increase as demand continues to strengthen as the overall economy continues to improve . food and beverage revenues at our properties for the year ended december 31 , 2011 increased approximately $ 0.6 million or 2.9 % to approximately $ 20.5 million compared to food and beverage revenues for the year ended december 31 , 2010 of approximately $ 19.9 million . most of the increase in food and beverage revenue was attributable to increased revenues at the crowne plaza tampa westshore and the hilton wilmington riverside . 41 other operating revenues for the year ended december 31 , 2011 increased approximately $ 0.1 million or 2.6 % to approximately $ 4.5 million compared to other operating revenues for the year ended december 31 , 2010 of approximately $ 4.4 million . higher guaranteed no-show fees offset decreases in pay-per-view movie revenue . hotel operating expenses . hotel operating expenses , which consist of room expenses , food and beverage expenses , other direct expenses , indirect expenses , and management fees , increased approximately $ 2.7 million or 4.6 % for the year ended december 31 , 2011 to approximately $ 61.8 million compared to hotel operating expenses for the year ended december 31 , 2010 of approximately $ 59.1 million . increases in expenses that vary directly with increases in revenue , such as food and beverage expense , management fees and franchise fees , accounted for approximately half the increase in hotel operating expenses . rooms expense at our properties for the year ended december 31 , 2011 increased approximately $ 0.7 million or 5.0 % to approximately $ 15.8 million compared to rooms expense of approximately $ 15.1 million for the year ended december 31 , 2010. the increase in rooms expense was directly related to the 5.8 % increase in room revenue . food and beverage expenses at our properties for the year ended december 31 , 2011 increased approximately $ 0.4 million or 2.8 % to approximately $ 13.6 million compared to food and beverage expense of approximately $ 13.2 million for the year ended december 31 , 2010. the increase in food and beverage expense was generally attributable to the 2.9 % increase in food and beverage revenue . indirect expenses at our properties for the year ended december 31 , 2011 increased approximately $ 1.8 million or 5.9 % to approximately $ 31.8 million compared to indirect expenses of approximately $ 30.0 million for the year ended december 31 , 2010. sales and marketing costs , franchise fees , utilities , repairs and maintenance , insurance , management fees , real and personal property taxes as well as general and administrative costs at the property level are included in indirect expenses . most of the increase in indirect expenses related to expenses that increase proportionally with increases in occupancy and or revenue , including management fees , franchise fees and energy costs . depreciation and amortization . depreciation and amortization for the year ended december 31 , 2011 increased approximately $ 0.2 million or 2.3 % to approximately $ 8.7 million compared to depreciation and amortization expense of approximately $ 8.5 million for the year ended december 31 , 2010. we expect depreciation and amortization to remain at approximately this level for the current portfolio of hotels . corporate general and administrative . corporate general and administrative expenses for the year ended december 31 , 2011 increased approximately $ 0.6 million or 18.8 % to approximately $ 4.0 million compared to corporate general and administrative expenses of approximately $ 3.4 million for the year ended december 31 , 2010 due mostly to the charge in the third quarter for fees related to our aborted stock offering . interest expense . story_separator_special_tag replace_table_token_12_th in connection with the acquisition of our six initial hotel properties , we entered into tax indemnity agreements that require us to indemnify the contributors of our initial properties against tax liabilities in the event we sell those properties in a taxable transaction during a 10-year period . such indemnification obligations could result in aggregate payments of approximately $ 13.8 million . our obligations under the tax indemnity agreements may effectively preclude us from selling or disposing of certain of the initial hotels in taxable transactions or reducing our consolidated indebtedness below approximately $ 11.0 million . off balance sheet arrangements . through a joint venture with a carlyle subsidiary , we own a 25.0 % indirect , noncontrolling interest in an entity ( the jv owner ) that acquired the 311-room crowne plaza hollywood beach resort in hollywood , florida . we have the right to receive a pro rata share of operating surpluses and we have an obligation to fund our pro rata share of operating shortfalls . we also have the opportunity to earn an incentive participation in the net proceeds realized from the sale of the hotel based upon the achievement of certain overall investment returns , in addition to our pro rata share of net sale proceeds . the crowne plaza hollywood beach resort is leased to another entity ( the joint venture lessee ) in which we also own a 25.0 % indirect , noncontrolling interest . the acquisition of the property was funded in part by a mortgage loan in the amount of $ 57.6 million . the mortgage , which had an original two-year term maturing on august 1 , 2009 , was restructured on june 13 , 2008 so that the first $ 35.6 million bore interest at a rate of libor plus additional interest of 0.98 % . the remaining $ 22.0 million bore a rate of libor plus additional interest of 3.50 % . upon that restructure , a fourth entity , in which we own a 25.0 % indirect noncontrolling interest , purchased the $ 22.0 million junior participation for $ 19.0 million . the loan had been extended for one year and was modified in august 2010 to extend the maturity date to august 2014 , require monthly payments of interest at a rate of libor plus additional interest of 1.94 % and require annual principal payments of $ 0.5 million . in conjunction with the loan modification , the joint venture made an additional $ 1.5 million payment of principal and executed an interest-rate swap with a notional amount and maturity tied to the projected outstanding balance and maturity date of the loan . the crowne plaza hollywood beach resort secures the mortgage . we have provided limited guarantees to the lender with respect to this mortgage . carlyle owns a 75.0 % controlling interest in the jv owner , the joint venture lessee , the entity with the purchase option and the entity that held the junior participation . carlyle may elect to dispose of the crowne plaza hollywood beach without our consent . we account for our noncontrolling 25.0 % interest in all of these entities under the equity method of accounting . distributions to common stockholders . we have elected to be taxed as a reit commencing with our taxable year ending december 31 , 2004. to maintain qualification as a reit , we are required to make annual distributions to our stockholders of at least 90.0 % of our reit taxable income , ( excluding net capital gain , which 49 does not necessarily equal net income as calculated in accordance with generally accepted accounting principles ) . our ability to pay distributions to our stockholders will depend , in part , upon our receipt of distributions from our operating partnership which may depend upon receipt of lease payments with respect to our properties from our trs lessee , and in turn , upon the management of our properties by our hotel manager . distributions to our stockholders will generally be taxable to our stockholders as ordinary income ; however , because a portion of our investments will be equity ownership interests in hotels , which will result in depreciation and non-cash charges against our income , a portion of our distributions may constitute a tax-free return of capital . to the extent not inconsistent with maintaining our reit status , our trs lessee may retain any after-tax earnings . the amount , timing and frequency of distributions will be authorized by our board of directors and declared by us based upon a variety of factors deemed relevant by our directors , and no assurance can be given that our distribution policy will not change in the future . our ability to make distributions is constrained by the preferred stock instrument and the note agreement . while they permit the minimum distributions that allow us to maintain our status as a reit , they provide timing restrictions and conditions that must be met before such distributions can be made . provided certain additional conditions are satisfied , dividends in excess of the minimum amount may be made . inflation we generate revenues primarily from lease payments from our trs lessee and net income from the operations of our trs lessee . therefore , we rely primarily on the performance of the individual properties and the ability of our management company to increase revenues and to keep pace with inflation . operators of hotels , in general , possess the ability to adjust room rates daily to keep pace with inflation . however , competitive pressures at some or all of our hotels may limit the ability of our management company to raise room rates . our expenses , including hotel operating expenses , administrative expenses , real estate taxes and property and casualty insurance are subject to inflation . these expenses are expected to grow with the general rate of inflation

