DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2013

Schedule of condensed results of operations for the hotel properties included in discontinued operations

Condensed results of operations for the hotel properties included in discontinued operations follow (in thousands):

	Third Quarter						First Nine Months
	2013			2012			2013			2012

REVENUE	$	4,874		$	9,107		$	17,129		$	26,199

Hotel operating expenses	3,653			6,315			12,913			19,143
Depreciation and amortization	406			857			1,617			3,067
Loss on impairment of assets	5,785			—			7,285			2,098

Income (loss) from hotel operations	(4,970		)	1,935			(4,686		)	1,891
Interest expense	24			111			175			729
(Gain) loss on disposal of assets	783			—			(877		)	—

Income (loss) before taxes	(5,777		)	1,824			(3,984		)	1,162

Income tax (expense) benefit	4,080			(295		)	(313		)	(81		)

Income (loss) from discontinued operations	$	(1,697	)	$	1,529		$	(4,297	)	$	1,081

Income (loss) from discontinued operations attributable to noncontrolling interest	$	(66	)	$	248		$	(188	)	$	221

Income (loss) from discontinued operations attributable to common stockholders	$	(1,631	)	$	1,281		$	(4,109	)	$	860

- 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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