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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue        
Room rentals and other hotel services $ 4,811 $ 16,177 $ 18,038 $ 32,080
Operating Expenses        
Hotel and property operations 5,089 9,755 14,904 19,548
Depreciation and amortization 2,777 2,394 5,487 4,756
General and administrative 1,014 1,572 2,207 3,235
Acquisition and terminated transactions   7   14
Strategic alternatives 80 834 224 834
Total operating expenses 8,960 14,562 22,822 28,387
Operating income (loss) (4,149) 1,615 (4,784) 3,693
Net gain (loss) on disposition of assets (1) (16) (10) 23
Equity in earnings of joint venture   166 80 679
Net gain (loss) on derivatives and convertible debt 19 (456) (740) (693)
Other expense, net (58) (24) (86) (53)
Interest expense (2,070) (2,094) (4,050) (4,257)
Loss before income taxes (6,259) (809) (9,590) (608)
Income tax benefit (expense) 61 (461) 367 (647)
Net loss (6,198) (1,270) (9,223) (1,255)
Loss attributable to noncontrolling interest 2 6 3 7
Net loss attributable to controlling interests (6,196) (1,264) (9,220) (1,248)
Dividends declared and undeclared on preferred stock (144) (144) (289) (289)
Net loss attributable to common shareholders $ (6,340) $ (1,408) $ (9,509) $ (1,537)
Earnings (Loss) per Share        
Total - Basic Earnings (Loss) per Share $ (0.53) $ (0.12) $ (0.80) $ (0.13)
Total - Diluted Earnings (Loss) per Share $ (0.53) $ (0.12) $ (0.80) $ (0.13)