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Condensed Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUES        
Room rentals and other hotel services $ 17,860 $ 18,528 $ 47,349 $ 48,543
EXPENSES        
Hotel and property operations 13,113 13,178 36,660 35,549
Depreciation and amortization 1,749 1,801 5,271 5,216
General and administrative 946 943 2,986 2,957
Acquisition and termination expense 679 15 728 178
Equity offering expense 1,082 0 1,082 0
Total expenses 17,569 15,937 46,727 43,900
EARNINGS BEFORE NET LOSS ON DISPOSITIONS OF ASSETS, OTHER INCOME, INTEREST EXPENSE AND INCOME TAXES 291 2,591 622 4,643
Net gain (loss) on dispositions of assets (9) 13 (46) 7
Other income (loss) 2,671 (1,138) 4,505 (1,478)
Interest expense (1,512) (1,430) (4,531) (4,388)
Loss on debt extinguishment (161) (1) (369) (51)
Impairment 0 0 0 (2,469)
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 1,280 35 181 (3,736)
Income tax expense 0 318 0 353
EARNINGS (LOSS) FROM CONTINUING OPERATIONS 1,280 (283) 181 (4,089)
Gain (loss) from discontinued operations, net of tax 419 (1,983) (169) 293
NET EARNINGS (LOSS) 1,699 (2,266) 12 (3,796)
Earnings (loss) attributable to noncontrolling interest (3) 1 0 (1)
NET EARNINGS (LOSS) ATTRIBUTABLE TO CONTROLLING INTERESTS 1,696 (2,265) 12 (3,797)
Preferred stock dividends (837) (837) (2,512) (2,332)
Net earnings (loss) attributable to common shareholders - total basic $ 859 $ (3,102) $ (2,500) $ (6,129)
NET EARNINGS (LOSS) PER COMMON SHARE—BASIC AND DILUTED        
EPS from continuing operations - Basic $ 0.15 $ (0.39) $ (0.81) $ (2.22)
EPS from discontinued operations - Basic $ 0.15 $ (0.69) $ (0.06) $ 0.10
EPS Basic $ 0.30 $ (1.08) $ (0.87) $ (2.12)
EPS Diluted $ (0.13) $ (1.08) $ (0.87) $ (2.12)