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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenue      
Room rentals and other hotel services $ 35,188,000 $ 61,052,000 $ 65,057,000
Operating Expenses      
Hotel and property operations 29,563,000 38,769,000 41,008,000
Depreciation and amortization 10,956,000 9,568,000 9,475,000
General and administrative 4,006,000 5,700,000 6,217,000
Acquisition and terminated transactions   38,000 205,000
Strategic alternatives, net (4,706,000) 2,110,000  
Total operating expenses 39,819,000 56,185,000 56,905,000
Operating income (loss) (4,631,000) 4,867,000 8,152,000
Net gain (loss) on disposition of assets (18,000) (36,000) 5,570,000
Equity in earnings (loss) of joint venture 80,000 190,000 (218,000)
Net gain (loss) on derivatives and convertible debt (6,331,000) (1,071,000) 317,000
Other expense, net (65,000) (104,000) (83,000)
Interest expense (8,481,000) (7,976,000) (8,326,000)
Impairment recovery, net 0 0 93,000
Earnings (loss) before income taxes (19,446,000) (4,130,000) 5,505,000
Income tax benefit (expense) 375,000 (937,000) (335,000)
Net earnings (loss) (19,071,000) (5,067,000) 5,170,000
Loss attributable to noncontrolling interest 7,000 19,000 195,000
Net earnings (loss) attributable to controlling interests (19,064,000) (5,048,000) 5,365,000
Dividends declared and undeclared on preferred stock (617,000) (578,000) (578,000)
Net earnings (loss) attributable to common shareholders $ (19,681,000) $ (5,626,000) $ 4,787,000
Earnings (Loss) per Share      
Total - Basic Earnings (Loss) per Share $ (1.59) $ (0.48) $ 0.40
Total - Diluted Earnings (Loss) per Share $ (1.59) $ (0.48) $ 0.40