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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 $ 16,292 $ 17,031 $ 43,597 $ 44,775
EXPENSES        
Hotel and property operations 12,000 12,138 33,736 32,704
Depreciation and amortization 1,619 1,696 4,864 4,902
General and administrative 946 943 2,986 2,957
Acquisition and termination expense 679 15 728 178
Noninterest Expense Offering Cost 1,082 0 1,082 0
Total expenses 16,326 14,792 43,396 40,741
EARNINGS BEFORE NET LOSS ON DISPOSITIONS OF ASSETS, OTHER INCOME, INTEREST EXPENSE AND INCOME TAXES (34) 2,239 201 4,034
Net gain (loss) on dispositions of assets (9) 13 (46) 7
Other income (loss) 2,671 (1,138) 4,505 (1,478)
Interest expense (1,479) (1,377) (4,417) (4,213)
Loss on debt extinguishment (161) (1) (369) (51)
Impairment (164) 0 (171) (2,469)
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 824 (264) (297) (4,170)
Income tax expense 0 282 0 349
EARNINGS (LOSS) FROM CONTINUING OPERATIONS 824 (546) (297) (4,519)
Gain (loss) from discontinued operations, net of tax 875 (1,720) 309 723
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 $ 859 $ (3,102) $ (2,500) $ (6,129)
NET EARNINGS (LOSS) PER COMMON SHARE-BASIC AND DILUTED        
EPS from continuing operations - Basic $ (0.01) $ (0.48) $ (0.98) $ (2.37)
EPS from discontinued operations - Basic $ 0.31 $ (0.60) $ 0.11 $ 0.25
EPS Basic $ 0.30 $ (1.08) $ (0.87) $ (2.12)
EPS Diluted $ (0.13) $ (1.08) $ (0.87) $ (2.12)