Hotel Dispositions (Tables)

9 Months Ended

Sep. 30, 2014



	December 31, 2013

Land	$	9,517
Buildings and Improvements		58,129
Furniture, Fixtures and Equipment		9,198
		76,844

Less: Accumulated Depreciation & Amortization		(20,261)

Assets Held for Sale	$	56,583

Liabilities Related to Assets Held for Sale	$	45,835

Components Of Discontinued Operations


	Three Months Ended September 30,				Nine Months Ended September 30,
		2014		2013		2014		2013
Revenue:
Hotel Operating Revenues	$	-	$	17,582	$	1,940	$	45,797
Total Revenues		-		17,582		1,940		45,797
Expenses:
Hotel Operating Expenses		-		10,122		1,148		27,754
Gain on Insurance Settlements		-		-		74		-
Real Estate and Personal Property Taxes and Property Insurance		-		865		91		2,592
General and Administrative		-		66		(15)		22
Depreciation and Amortization		-		2,238		-		7,037
Interest Expense		-		1,266		354		3,779
Other Expense		-		3		-		14
Income Tax Expense		-		(49)		-		167
Total Expenses		-		14,511		1,652		41,365

Income from Discontinued Operations	$	-	$	3,071	$	288	$	4,432

- 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.

+ References+ Details