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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 $ 15,443 $ 15,944 $ 27,305 $ 27,743
EXPENSES        
Hotel and property operations 11,441 11,028 21,738 20,566
Depreciation and amortization 1,593 1,645 3,245 3,206
General and administrative 980 921 2,039 2,014
Acquisition and termination expense 28 162 49 162
Total expenses 14,042 13,756 27,071 25,948
EARNINGS BEFORE NET LOSS ON DISPOSITIONS OF ASSETS, OTHER INCOME, INTEREST EXPENSE AND INCOME TAXES 1,401 2,188 234 1,795
Net loss on dispositions of assets (8) (2) (37) (5)
Other income (loss) 2,131 872 1,834 (341)
Interest expense (1,465) (1,388) (2,938) (2,836)
Loss on debt extinguishment (117) (38) (208) (50)
Impairment (7) (2,735) (7) (2,470)
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 1,935 (1,103) (1,122) (3,907)
Income tax expense 0 381 0 67
EARNINGS (LOSS) FROM CONTINUING OPERATIONS 1,935 (1,484) (1,122) (3,974)
Gain (loss) from discontinued operations, net of tax 443 3,924 (565) 2,443
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 LOSS PER COMMON SHARE-BASIC AND DILUTED        
EPS from continuing operations - Basic $ 0.38 $ (0.81) $ (0.97) $ (1.90)
EPS from discontinued operations - Basic $ 0.15 $ 1.36 $ (0.19) $ 0.85
EPS Basic $ 0.53 $ 0.55 $ (1.16) $ (1.05)
EPS Diluted $ (0.02) $ 0.55 $ (1.16) $ (1.05)