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DISCONTINUED OPERATIONS (Tables)
12 Months Ended
Dec. 31, 2015
Discontinued operations, held for sale or sold | Hotel properties  
Discontinued operations  
Schedule of condensed results for hotel properties included in discontinued operations

 

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

 

 

 

2014

 

2013

 

 

 

 

 

 

 

Revenues

 

$

3,128

 

$

19,458

 

Hotel operating expenses

 

2,304

 

14,859

 

Depreciation and amortization

 

13

 

1,960

 

Loss on impairment of assets

 

400

 

7,675

 

 

 

 

 

 

 

Operating income (loss)

 

411

 

(5,036

)

Interest expense

 

 

(174

)

Gain on disposal of assets

 

55

 

3,945

 

 

 

 

 

 

 

Income (loss) before taxes

 

466

 

(1,265

)

Income tax benefit

 

26

 

537

 

 

 

 

 

 

 

Income (loss) from discontinued operations

 

$

492

 

$

(728

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from discontinued operations attributable to non-controlling interest

 

$

6

 

$

(25

)

 

 

 

 

 

 

 

 

Income (loss) from discontinued operations attributable to common stockholders

 

$

486

 

$

(703

)