Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 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 September 30,						For the Nine Months Ended September 30,
	2014			2013			2014		2013

Revenues	$	847		$	4,874		$	3,128	$	17,129
Hotel operating expenses	746			3,653			2,304		12,915
Depreciation and amortization	4			555			13		1,990
Loss on impairment of assets	—			5,785			400		7,285
Operating income (loss)	97			(5,119		)	411		(5,061		)
Interest expense	—			24			—		174
Other expense (income)	188			783			171		(877		)
Income (loss) before taxes	(91		)	(5,926		)	240		(4,358		)
Income tax benefit	32			2,516			38		1,850
Income (loss) from discontinued operations	$	(59	)	$	(3,410	)	$	278	$	(2,508	)

Income (loss) from discontinued operations attributable to non-controlling interest	$	(1	)	$	(152	)	$	3	$	(110	)
Income (loss) from discontinued operations attributable to common stockholders	$	(58	)	$	(3,258	)	$	275	$	(2,398	)

- 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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