Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2013



	September 30, 2013

Land	$	26,591
Buildings and Improvements		183,827
Furniture, Fixtures and Equipment		31,341
		241,759

Less Accumulated Depreciation & Amortization		(63,064)

Assets Held for Sale	$	178,695

Liabilities Related to Assets Held for Sale	$	79,291

Components Of Discontinued Operations


	Three Months Ended September 30,				Nine Months Ended September 30,
		2013		2012		2013		2012
Revenue:
Hotel Operating Revenues	$	17,583	$	17,456	$	45,797	$	49,185
Other Revenue		-		-		-		11
Total Revenues		17,583		17,456		45,797		49,196
Expenses:
Hotel Operating Expenses		10,123		9,737		27,755		30,400
Hotel Ground Rent		-		-		-		72
Real Estate and Personal Property Taxes and Property Insurance		865		789		2,592		2,753
General and Administrative		67		-		22		16
Depreciation and Amortization		2,238		2,231		7,037		6,719
Interest Expense		1,266		1,762		3,779		6,411
Other Expense		3		(1)		14		1
Loss on Debt Extinguishment		-		-		-		33
Income Tax Expense		(49)		-		167		-
Total Expenses		14,513		14,518		41,366		46,405

Income from Discontinued Operations	$	3,070	$	2,938	$	4,431	$	2,791

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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