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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue      
Room rentals and other hotel services $ 61,052 $ 65,057 $ 55,453
Operating Expenses      
Hotel and property operations 38,769 41,008 37,134
Depreciation and amortization 9,568 9,475 6,898
General and administrative 5,700 6,217 6,552
Acquisition and terminated transactions 38 205 1,250
Equity transaction and strategic alternatives 2,110   343
Total operating expenses 56,185 56,905 52,177
Operating income 4,867 8,152 3,276
Net gain (loss) on disposition of assets (36) 5,570 6,807
Equity in earnings (loss) of joint venture 190 (218) 190
Net gain (loss) on derivatives and convertible debt (1,071) 317 436
Other income (expense), net (104) (83) (111)
Interest expense (7,976) (8,326) (5,174)
Loss on debt extinguishment     (967)
Impairment recovery (loss), net   93 (2,151)
Earnings (loss) before income taxes (4,130) 5,505 2,306
Income tax benefit (expense) (937) (335) 595
Net earnings (loss) (5,067) 5,170 2,901
Loss (earnings) attributable to noncontrolling interest 19 195 (20)
Net earnings (loss) attributable to controlling interests (5,048) 5,365 2,881
Dividends declared and undeclared and in kind dividends deemed on preferred stock (578) (578) (12,243)
Net earnings (loss) attributable to common shareholders $ (5,626) $ 4,787 $ (9,362)
Earnings (Loss) per Share      
Total - Basic Earnings (Loss) per Share $ (0.48) $ 0.40 $ (1.00)
Total - Diluted Earnings (Loss) per Share $ (0.48) $ 0.40 $ (1.00)