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Consolidated Statements of Operations - USD ($)
$ in Thousands
11 Months Ended 12 Months Ended
Dec. 01, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue      
Room rentals and other hotel services $ 47,827 $ 35,188 $ 61,052
Operating Expenses      
Hotel and property operations 33,330 29,563 38,769
Depreciation and amortization 9,674 10,956 9,568
General and administrative 4,574 4,006 5,700
Acquisition and terminated transactions     38
Strategic alternatives, net 754 (4,706) 2,110
Total operating expenses 48,332 39,819 56,185
Operating income (loss) before net gain (loss) on disposition of assets (505) (4,631) 4,867
Net gain (loss) on disposition of assets 53,014 (18) (36)
Operating income (loss) 52,509 (4,649) 4,831
Equity in earnings (loss) of joint venture   80 190
Net gain (loss) on derivatives and convertible debt 6,330 (6,331) (1,071)
Other income (expense), net 2,438 (65) (104)
Interest expense (9,404) (8,481) (7,976)
Loss on extinguishment of debt (4,476)    
Earnings (loss) before income taxes 47,397 (19,446) (4,130)
Income tax benefit (expense) (292) 375 (937)
Net earnings (loss) 47,105 (19,071) (5,067)
(Income) loss attributable to noncontrolling interest (12) 7 19
Net earnings (loss) attributable to controlling interests 47,093 (19,064) (5,048)
Dividends declared and undeclared on preferred stock (383) (617) (578)
Net earnings (loss) attributable to common shareholders $ 46,710 $ (19,681) $ (5,626)
Earnings (Loss) per Share      
Total - Basic Earnings (Loss) per Share $ 3.59 $ (1.59) $ (0.48)
Total - Diluted Earnings (Loss) per Share $ 2.47 $ (1.59) $ (0.48)