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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenue      
Room rentals and other hotel services $ 65,057 $ 55,453 $ 50,647
Operating Expenses      
Hotel and property operations 41,008 37,134 37,092
Depreciation and amortization 9,475 6,898 5,190
General and administrative 6,217 6,552 5,792
Acquisition and terminated transactions 205 1,250 550
Equity transactions   343  
Total operating expenses 56,905 52,177 48,624
Operating income 8,152 3,276 2,023
Net gain on disposition of assets 5,570 6,807 23,132
Equity in earnings (loss) of joint venture (218) 190 (244)
Net gain on derivatives and convertible debt 317 436 6,377
Other income (expense), net (83) (111) 55
Interest expense (8,326) (5,174) (4,710)
Loss on debt extinguishment   (967) (2,187)
Impairment recovery (loss), net 93 (2,151) (1,477)
Earnings from continuing operations before income taxes 5,505 2,306 22,969
Income tax benefit (expense) (335) 595 (125)
Earnings from continuing operations 5,170 2,901 22,844
Gain from discontinued operations, net of tax     678
Net earnings 5,170 2,901 23,522
Loss (earnings) attributable to noncontrolling interest 195 (20) (727)
Net earnings attributable to controlling interests 5,365 2,881 22,795
Dividends declared and undeclared and in kind dividends deemed on preferred stock (578) (12,243) (20,748)
Net earnings (loss) attributable to common shareholders $ 4,787 $ (9,362) $ 2,047
Earnings (Loss) per Share      
Continuing operations - Basic $ 0.40 $ (1.00) $ 1.82
Discontinued operations - Basic     0.85
Total - Basic Earnings (Loss) per Share 0.40 (1.00) 2.67
Diluted Earnings (loss) per Share      
Continuing operations - Diluted 0.40 (1.00) 0.78
Discontinued operations - Diluted     0.13
Total - Diluted Earnings (Loss) per Share $ 0.40 $ (1.00) $ 0.91