DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2015

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

Condensed results for the hotel properties included in discontinued operations are as follows (in thousands):

	For the Three Months Ended September 30, 2014			For the Nine Months Ended September 30, 2014

Revenues	$	847		$	3,128

Hotel operating expenses	746			2,304
Depreciation and amortization	4			13
Loss on impairment of assets	—			400

Operating income	97			411
Other expense	(188		)	(171		)

Income (loss) before taxes	(91		)	240
Income tax benefit	32			38

Income (loss) from discontinued operations	$	(59	)	$	278


Income (loss) from discontinued operations attributable to non-controlling interests	$	(1	)	$	3

Income (loss) from discontinued operations attributable to common stockholders	$	(58	)	$	275

- 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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