Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of operating results of discontinued operations

The following table sets forth the discontinued operations for the three and six months ended June 30, 2014 and 2013 for the four hotels and the commercial laundry facility sold in 2013 (in thousands):



	Three Months Ended		Three Months Ended		Six Months Ended		Six Months Ended
	June 30, 2014		June 30, 2013		June 30, 2014		June 30, 2013
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Operating revenues	$	—	$	—	$	—	$	3,690
Operating expenses		—		—		—		(3,686)
Interest expense		—		—		—		(99)
Loss on extinguishment of debt		—		—		—		(3,115)
Gain on sale of assets, net		5,199		—		5,199		51,620
Income from discontinued operations	$	5,199	$	—	$	5,199	$	48,410

- 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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