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Condensed Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUES        
Room rentals and other hotel services $ 16,715 $ 17,296 $ 29,488 $ 30,015
EXPENSES        
Hotel and property operations 12,384 12,011 23,548 22,371
Depreciation and amortization 1,730 1,750 3,523 3,415
General and administrative 980 921 2,039 2,014
Acquisition and termination expense 28 162 49 162
Total expenses 15,122 14,844 29,159 27,962
EARNINGS BEFORE NET LOSS ON DISPOSITIONS OF ASSETS, OTHER INCOME, INTEREST EXPENSE AND INCOME TAXES 1,593 2,452 329 2,053
Net loss on dispositions of assets (8) (2) (37) (5)
Other income (loss) 2,131 872 1,834 (341)
Interest expense (1,509) (1,443) (3,018) (2,959)
Loss on debt extinguishment (117) (38) (208) (50)
Impairment 0 (2,735) 0 (2,470)
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 2,090 (894) (1,100) (3,772)
Income tax expense 0 398 0 34
EARNINGS (LOSS) FROM CONTINUING OPERATIONS 2,090 (1,292) (1,100) (3,806)
Gain (loss) from discontinued operations, net of tax 288 3,732 (587) 2,275
NET EARNINGS (LOSS) 2,378 2,440 (1,687) (1,531)
Earnings (loss) attributable to noncontrolling interest (4) (8) 3 (2)
NET EARNINGS (LOSS) ATTRIBUTABLE TO CONTROLLING INTERESTS 2,374 2,432 (1,684) (1,533)
Preferred stock dividends (837) (837) (1,674) (1,494)
NET EARNINGS (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 1,537 $ 1,595 $ (3,358) $ (3,027)
NET EARNINGS (LOSS) PER COMMON SHARE-BASIC AND DILUTED        
EPS from continuing operations - Basic $ 0.43 $ (0.74) $ (0.96) $ (1.84)
EPS from discontinued operations - Basic $ 0.10 $ 1.29 $ (0.20) $ 0.79
EPS Basic $ 0.53 $ 0.55 $ (1.16) $ (1.05)
EPS Diluted $ (0.02) $ 0.55 $ (1.16) $ (1.05)