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Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues      
Rental revenue $ 27,630 $ 32,556 $ 32,226
Hotel revenue 18,501 17,694 16,371
Total revenues 46,131 50,250 48,597
Expenses:      
Property operating expenses 9,496 11,503 11,288
Hotel operating expenses 13,608 12,498 11,954
Interest expense 6,164 6,791 7,833
Real estate taxes 5,173 6,127 5,388
Impairment charge 0 1,417 0
Property management fees 1,512 1,650 1,642
Asset management fees 2,264 2,702 2,368
General and administrative 3,139 3,620 4,076
Acquisition expense 0 0 1,307
Depreciation and amortization 11,014 14,950 14,362
Total expenses 52,370 61,258 60,218
Interest income, net 137 149 224
Loss on early extinguishment of debt (500) (732) (454)
Other income (loss) 122 (777) (38)
Loss before gain on sale of real estate and income taxes (6,480) (12,368) (11,889)
Gain on sale of real estate 11,341 22,771 11,454
Income tax benefit (expense) 47 (2,726) 101
Net income (loss) 4,908 7,677 (334)
Net (income) loss attributable to noncontrolling interest 35 (699) 331
Net income (loss) attributable to the Company $ 4,943 $ 6,978 $ (3)
Weighted average shares outstanding:      
Basic and diluted (in shares) 25,418 25,688 25,943
Basic and diluted income per share (in dollars per share) $ 0.19 $ 0.27 $ 0.00
Comprehensive income (loss):      
Net income (loss) $ 4,908 $ 7,677 $ (334)
Other comprehensive loss:      
Reclassification of unrealized loss on interest rate derivatives to net income 0 0 58
Reclassification of unrealized loss on currency translation to net income 0 250 0
Foreign currency translation loss (123) (376) (791)
Total other comprehensive loss (123) (126) (733)
Comprehensive income (loss) 4,785 7,551 (1,067)
Comprehensive (income) loss attributable to noncontrolling interest 35 (699) 320
Comprehensive income (loss) attributable to common shareholders $ 4,820 $ 6,852 $ (747)