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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUES        
Room rentals and other hotel services $ 16,902 $ 15,619 $ 44,251 $ 41,789
EXPENSES        
Hotel and property operations 12,009 11,436 32,933 32,146
Depreciation and amortization 1,624 1,554 4,844 4,676
General and administrative 912 946 2,989 2,986
Acquisition and termination expense 0 679 0 728
Terminated equity transactions 11 1,082 76 1,082
Total expenses 14,556 15,697 40,842 41,618
EARNINGS (LOSS) BEFORE NET GAIN (LOSS) ON DISPOSITIONS OF ASSETS, OTHER INCOME, INTEREST EXPENSE AND INCOME TAXES 2,346 (78) 3,409 171
Net loss on dispositions of assets 63 (9) 36 (46)
Derivative gain (loss) (4,615) 2,674 (14,218) 4,494
Other income (loss) (12) (3) 113 11
Interest expense (1,774) (1,454) (5,321) (4,124)
Loss on debt extinguishment (37) (43) (141) (250)
Impairment 0 (165) 119 (171)
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (4,029) 922 (16,003) 85
Income tax expense 0 0 0 0
EARNINGS (LOSS) FROM CONTINUING OPERATIONS (4,029) 922 (16,003) 85
Gain (loss) from discontinued operations, net of tax 1,628 777 2,639 (73)
NET EARNINGS (LOSS) (2,401) 1,699 (13,364) 12
Loss (earnings) attributable to noncontrolling interest 3 (3) 19 0
NET EARNINGS (LOSS) ATTRIBUTABLE TO CONTROLLING INTERESTS (2,398) 1,696 (13,345) 12
Preferred stock dividends declared and undeclared (868) (837) (2,572) (2,512)
NET EARNINGS (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (3,266) $ 859 $ (15,917) $ (2,500)
NET EARNINGS (LOSS) PER COMMON SHARE—BASIC AND DILUTED        
EPS from continuing operations - Basic $ (1.04) $ 0.03 $ (5.11) $ (0.84)
EPS from discontinued operations - Basic $ 0.35 $ 0.27 $ 0.73 $ (0.03)
EPS Basic - Total $ (0.69) $ 0.30 $ (4.38) $ (0.87)
EPS Diluted - Total $ (0.69) $ (0.13) $ (4.38) $ (0.87)