Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2014



	March 31, 2014		December 31, 2013

Land	$	14,239	$	9,517
Buildings and Improvements		16,907		58,129
Furniture, Fixtures and Equipment		3,502		9,198
		34,648		76,844

Less Accumulated Depreciation & Amortization		(6,317)		(20,261)

Assets Held for Sale	$	28,331	$	56,583

Liabilities Related to Assets Held for Sale	$	18,387	$	45,835

Components Of Discontinued Operations


	Three Months Ended March 31,
		2014		2013
Revenue:
Hotel Operating Revenues	$	1,937	$	11,548
Other Revenue		-		32
Total Revenues		1,937		11,580
Expenses:
Hotel Operating Expenses		1,154		8,189
Gain on Insurance Settlements		23		-
Real Estate and Personal Property Taxes and Property Insurance		90		850
General and Administrative		(15)		2
Depreciation and Amortization		-		2,398
Interest Expense		356		1,253
Other Expense		-		3
Total Expenses		1,608		12,695

Income (Loss) from Discontinued Operations	$	329	$	(1,115)

- 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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