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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenue    
Room rentals and other hotel services $ 15,903 $ 16,679
Operating Expenses    
Hotel and property operations 9,793 10,414
Depreciation and amortization 2,362 2,259
General and administrative 1,663 1,869
Acquisition and terminated transactions 7 19
Total operating expenses 13,825 14,561
Operating income 2,078 2,118
Net gain (loss) on disposition of assets 39 (24)
Equity in earnings of joint venture 513 229
Net gain (loss) on derivatives and convertible debt (237) 447
Other expense, net (29) (14)
Interest expense (2,163) (1,928)
Impairment recovery, net   93
Earnings before income taxes 201 921
Income tax expense (186) (129)
Net earnings 15 792
Loss (earnings) attributable to noncontrolling interest 1 (6)
Net earnings attributable to controlling interests 16 786
Dividends declared on preferred stock (145) (144)
Net earnings (loss) attributable to common shareholders $ (129) $ 642
Earnings (Loss) per Share    
Total - Basic Earnings (Loss) per Share $ (0.01) $ 0.05
Total - Diluted Earnings (Loss) per Share $ (0.01) $ 0.05