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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues      
Rental revenue $ 15,425 $ 19,809 $ 20,246
Hotel revenue 36,668 35,582 35,241
Condominium sales 2,271 0 0
Total revenues 54,364 55,391 55,487
Expenses      
Property operating expenses 6,637 7,827 8,202
Hotel operating expenses 28,961 27,671 26,253
Bad debt expense (recovery) 75 58 (137)
Cost of condominium sales 2,271 0 0
Condominium inventory impairment 0 761 0
Interest expense 9,316 8,431 10,005
Real estate taxes 4,087 3,286 4,075
Impairment charge 9,247 11,540 9,371
Property management fees 1,614 1,924 1,842
Asset management fees 2,109 2,312 2,263
General and administrative 5,553 4,842 5,964
Depreciation and amortization 10,883 13,294 12,701
Total expenses 80,753 81,946 80,539
Interest income 5 16 47
Other income (loss) (101) 74 759
Gain (loss) on debt extinguishment 1,624 0 (246)
Loss before gain on sale of real estate, income taxes, and equity in earnings of unconsolidated joint venture (24,861) (26,465) (24,492)
Provision for income taxes (111) (117) (98)
Equity in earnings of unconsolidated joint venture 1,615 1,008 170
Gain on sale of real estate 3,027 0 476
Net loss (20,330) (25,574) (23,944)
Net loss attributable to the noncontrolling interest 566 386 414
Net loss attributable to common stockholders $ (19,764) $ (25,188) $ (23,530)
Weighted average shares outstanding:      
Basic and diluted (in shares) 56,500 56,500 56,500
Basic and diluted loss per share (in dollars per share) $ (0.35) $ (0.45) $ (0.42)
Comprehensive loss:      
Net loss $ (20,330) $ (25,574) $ (23,944)
Other comprehensive loss:      
Foreign currency translation loss (620) (2,484) (2,265)
Reclassifications to net loss:      
Unrealized loss on interest rate derivatives 0 0 86
Total other comprehensive loss (620) (2,484) (2,179)
Comprehensive loss (20,950) (28,058) (26,123)
Comprehensive loss attributable to noncontrolling interest 566 386 414
Comprehensive loss attributable to common stockholders $ (20,384) $ (27,672) $ (25,709)