DISCONTINUED OPERATIONS (Tables)

3 Months Ended

Mar. 31, 2014

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

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

	For the Three Months Ended March 31,
	2014			2013

REVENUE	$	1,088		$	6,292

Hotel operating expenses	770			4,863
Depreciation and amortization	4			839
Loss on impairment of assets	—			1,500

INCOME (LOSS) FROM HOTEL OPERATIONS	314			(910		)
Interest expense	—			103
Gain on disposal of assets	(63		)	(1,634		)

INCOME BEFORE TAXES	377			621

INCOME TAX BENEFIT (EXPENSE)	1			(264		)

INCOME FROM DISCONTINUED OPERATIONS	$	378		$	357

INCOME FROM DISCONTINUED OPERATIONS ATTRIBUTABLE TO NONCONTROLLING INTEREST	$	5		$	18

INCOME FROM DISCONTINUED OPERATIONS ATTRIBUTABLE TO COMMON STOCKHOLDERS	$	373		$	339

- 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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