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Condensed Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
REVENUES      
Room rentals and other hotel services $ 56,163 $ 58,205 $ 55,127
EXPENSES      
Hotel and property operations 44,156 43,373 41,426
Depreciation and amortization 6,517 6,591 6,599
General and administrative 3,923 3,908 3,884
Acquisition, termination expense 713 240 124
Equity offering expense 1,050 0 0
Termination cost 0 0 540
Total expenses 56,359 54,112 52,573
EARNINGS (LOSS) BEFORE NET GAINS (LOSSES) ON DISPOSITIONS OF ASSETS, OTHER INCOME, INTEREST EXPENSE, AND INCOME TAXES (196) 4,093 2,554
Net gain (loss) on dispositions of assets (47) 3 1,133
Other income (loss) 10,062 (144) 107
Interest expense (5,963) (5,691) (5,860)
Loss on debt extinguishment (458) (138) (70)
Impairment (2,666) (2,833) (4,523)
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 732 (4,710) (6,659)
Income tax (benefit) expense 0 6,437 (160)
EARNINGS (LOSS) FROM CONTINUING OPERATIONS 732 (11,147) (6,499)
Gain (loss) from discontinued operations (2,085) 927 (10,978)
NET (LOSS) (1,353) (10,220) (17,477)
Noncontrolling interest income 2 10 32
NET (LOSS) ATTRIBUTABLE TO CONTROLLING INTERESTS (1,351) (10,210) (17,445)
Preferred stock dividend declared and undeclared (3,349) (3,169) (1,474)
NET (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS (4,700) (13,379) (18,919)
NET EARNINGS (LOSS) PER COMMON SHARE - BASIC AND DILUTED      
EPS from continuing operations $ (0.91) $ (4.96) $ (2.77)
EPS from discontinued operations $ (0.72) $ 0.32 $ (3.82)
EPS Basic and Diluted $ (1.63) $ (4.64) $ (6.59)
AMOUNTS ATTRIBUTABLE TO COMMON SHAREHOLDERS      
Loss from continuing operations, net of tax (2,616) (14,305) (7,988)
Discontinued operations, net of tax (2,084) 926 (10,931)
Net loss $ (4,700) $ (13,379) $ (18,919)