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Hotel Dispositions (Tables)
3 Months Ended
Jun. 30, 2015
Discontinued Operations - Hotel Properties Held for Sale And Sold [Abstract]  
Schedule of Real Estate Properties [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

2014

 

Continuing Operations
(15 hotels)

 

Discontinued Operations
(3 hotels)

 

Total
Held For Sale

 

Continuing Operations
(16 hotels)

 

Discontinued Operations
(9 hotels)

 

Total
Held For Sale

Land

$

8,263 

 

$

1,009 

 

$

9,272 

 

$

9,149 

 

$

3,791 

 

$

12,940 

Acquired below market lease intangibles

 

 

 

883 

 

 

883 

 

 

 

 

883 

 

 

883 

Buildings, improvements, vehicles

 

48,311 

 

 

5,327 

 

 

53,638 

 

 

53,536 

 

 

15,918 

 

 

69,454 

Furniture and Equipment

 

10,651 

 

 

1,095 

 

 

11,746 

 

 

11,183 

 

 

3,182 

 

 

14,365 

Construction-in-progress

 

13 

 

 

 

 

13 

 

 

320 

 

 

(1)

 

 

319 

Assets Held For Sale

$

67,238 

 

$

8,314 

 

$

75,552 

 

$

74,188 

 

$

23,773 

 

$

97,961 

Accumulated depreciation

 

(23,391)

 

 

(1,133)

 

 

(24,524)

 

 

(23,239)

 

 

(5,087)

 

 

(28,326)

Investment in hotel properties, net

$

43,847 

 

$

7,181 

 

$

51,028 

 

$

50,949 

 

$

18,686 

 

$

69,635 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30,

 

June 30,

 

 

2015

 

2014

 

2015

 

2014

Revenues

 

$

962 

 

$

4,739 

 

$

2,714 

 

$

8,987 

Hotel and property operations expenses

 

 

(656)

 

 

(3,484)

 

 

(1,907)

 

 

(7,104)

Interest expense

 

 

(54)

 

 

(348)

 

 

(200)

 

 

(799)

Depreciation expense

 

 

 

 

(38)

 

 

 

 

(112)

Net gain on disposition of assets

 

 

725 

 

 

466 

 

 

1,662 

 

 

635 

Impairment (loss) recovery

 

 

75 

 

 

(506)

 

 

120 

 

 

(596)

Gain from discontinued operations, net of tax

 

$

1,052 

 

$

829 

 

$

2,389 

 

$

1,011 

Loss attributable to noncontrolling interest

 

 

145 

 

 

 

 

(2)

 

 

Net earnings attributable to controlling interests

 

$

1,197 

 

$

829 

 

$

2,387 

 

$

1,011 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital Expenditures

 

$

17 

 

$

166 

 

$

44 

 

$

259