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Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations, Income Statement and Balance Sheet Disclosures
The results of operations for the years ended December 31 ,2013, 2012 and 2011 presented in these Consolidated Financial Statements reflect these three Company-owned hotels as discontinued operations. All prior period amounts have been recast as appropriate. Unless noted otherwise, discussion in the notes to the consolidated financial statements pertain to continuing operations. Summarized financial information related to the discontinued operations is as follows:

 
 
For the Year Ended December 31,
 
 
2013
 
2012
 
2011
 
 
(in thousands)
Revenues
 
 
 
 
 
 
Hotel operations
 
$
4,774

 
$
4,573

 
$
4,356

Total revenues
 
4,774

 
4,573

 
4,356

Operating Expenses
 
 
 
 
 
 
Hotel operations
 
3,678

 
3,505

 
3,466

Depreciation and amortization
 
526

 
535

 
527

Total operating expenses
 
4,204

 
4,040

 
3,993

Income from discontinued operations before income taxes
 
570

 
533

 
363

Income taxes
 
211

 
198

 
135

Income from discontinued operations, net of income taxes
 
$
359

 
$
335

 
$
228


 
 
 
As of December 31, 2013
 
As of December 31, 2012
 
 
(In thousands)
Cash
 
$
550

 
$
387

Receivables, net
 
106

 
206

Other current assets
 
223

 
192

Income taxes receivable
 
20



Total current assets
 
899

 
785

Property and equipment, at cost, net
 
8,816

 
9,220

Total assets
 
9,715

 
10,005

 
 
 
 
 
Accounts payable
 
425

 
403

Accrued expenses
 
10

 
10

Income taxes payable
 

 

Total liabilities
 
435

 
413

 
 
 
 
 
Net assets of discontinued operations
 
$
9,280

 
$
9,592