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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Rental revenue $ 7,531 $ 8,465 $ 14,850 $ 16,951
Hotel revenue 4,162 4,314 9,293 9,142
Total revenues 11,693 12,779 24,143 26,093
Expenses        
Property operating expenses 2,210 2,767 4,493 5,664
Hotel operating expenses 3,262 3,116 6,710 6,274
Interest expense, net 1,607 1,746 3,131 3,567
Real estate taxes 1,451 1,572 2,916 3,156
Property management fees 376 418 790 864
Asset management fees 605 717 1,219 1,442
General and administrative 739 790 1,541 1,711
Depreciation and amortization 2,615 3,949 5,780 8,402
Total expenses 12,865 15,075 26,580 31,080
Interest income, net 19 29 33 79
Loss on early extinguishment of debt 0 0 0 (119)
Other income (loss) (73) (130) 211 (169)
Loss before gain on sale of real estate and income tax expense (1,226) (2,397) (2,193) (5,196)
Gain on sale of real estate 0 0 0 5,320
Income tax benefit (expense) 0 519 0 (1,664)
Net loss (1,226) (1,878) (2,193) (1,540)
Net (income) loss attributable to the noncontrolling interest 61 (82) (45) (593)
Net loss attributable to the Company $ (1,165) $ (1,960) $ (2,238) $ (2,133)
Weighted average shares outstanding:        
Basic and diluted (in shares) 25,466 25,704 25,510 25,740
Basic and diluted income (loss) per share (in dollars per share) $ (0.05) $ (0.07) $ (0.09) $ (0.08)
Distributions declared per common share (in dollars per share) $ 0 $ 0 $ 0 $ 1
Comprehensive income (loss):        
Net loss $ (1,226) $ (1,878) $ (2,193) $ (1,540)
Other comprehensive income (loss):        
Reclassification of unrealized loss on currency translation to net income 0 0 0 596
Foreign currency translation gain (loss) (88) 397 69 (372)
Total other comprehensive income (loss) (88) 397 69 224
Comprehensive loss (1,314) (1,481) (2,124) (1,316)
Comprehensive (income) loss attributable to noncontrolling interest 61 (82) (45) (593)
Comprehensive loss attributable to the Company $ (1,253) $ (1,563) $ (2,169) $ (1,909)