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  "authorName": "Morgan Stanley",
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  "notes": "Includes data for 16 companies with mean, median, and total summary rows.",
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      "text": "Notes: (1) Includes shares and operating partnership units (2) Equals the sum of equity market value, noncontrolling interest, preferred securities at liquidation preference, consolidated and company's share of unconsolidated debt (3) Aggregate Value equals Total Market Capitalization less cash (4) Aggregate Value / EBITDA (Including Share of JV Debt) (5) Consensus AFFO and NAV estimates from SNL Financial as of March 11, 2016, unless otherwise noted (6) Implied Cap Rates based on share prices as of March 11, 2016 Sources: SNL Financial, Capital IQ, Green Street Advisors, Morgan Stanley and Company reports",
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      "text": "Hotel REIT Comparables table with columns: Company Name, Ticker, Price, % of 52-Wk High, UPREIT Equity Mkt. Cap, Total Market Capitalization, Aggregate Value, Agg Value / Key, Price / FFO, Price/AFFO, Aggregate Value / EBITDA, Premium/ NAV, Dividend Yield",
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