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Hotel Dispositions (Tables)
3 Months Ended
Mar. 31, 2015
Discontinued Operations - Hotel Properties Held for Sale And Sold [Abstract]  
Schedule of Real Estate Properties [Table Text Block]

 

 

 

 

 

 

 

 

 

2015

 

2014

 

Continuing Operations (4)

Discontinued Operations (6)

Total
Held For Sale

 

Continuing Operations (4)

Discontinued Operations (10)

Total
Held For Sale

Land

5,523 
3,240 
8,763 

 

5,785 
4,103 
9,888 

Acquired below market lease intangibles

883 
883 

 

883 
883 

Buildings, improvements, vehicles

20,588 
12,358 
32,946 

 

21,031 
18,086 
39,117 

Furniture and Equipment

3,566 
2,336 
5,902 

 

3,462 
3,860 
7,322 

Construction-in-progress

44 
(2)
42 

 

202 
(2)
200 

Assets Held For Sale

29,721 
18,815 
48,536 

 

30,480 
26,930 
57,410 

Accumulated depreciation

(7,171)
(3,485)
(10,656)

 

(7,077)
(5,515)
(12,592)

Investment in hotel properties, net

22,550 
15,330 
37,880 

 

23,403 
21,415 
44,818 

 

 

 

 

 

 

 

 

 

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Disclosures [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2015

 

2014

 

Revenues

 

$

1,752 

 

$

4,248 

 

Hotel and property operations expenses

 

 

(1,252)

 

 

(3,619)

 

Interest expense

 

 

(145)

 

 

(451)

 

Depreciation expense

 

 

 

 

(73)

 

Net gain on disposition of assets

 

 

937 

 

 

168 

 

Impairment loss

 

 

45 

 

 

(91)

 

Gain from discontinued operations, net of tax

 

$

1,337 

 

$

182 

 

Loss attributable to noncontrolling interest

 

 

(147)

 

 

 

Net earnings attributable to controlling interests

 

$

1,190 

 

$

182 

 

 

 

 

 

 

 

 

 

Capital Expenditures

 

$

27 

 

$

93