Assets and Liabilities Related to Real Estate Owned, Held for Sale (Tables)

6 Months Ended

Jun. 30, 2022

Below are the hotel's assets and liabilities as of June 30, 2022 on our condensed consolidated balance sheet ($ in thousands):


	June 30, 2022
Assets:
Cash	$	7,304
Land	58,742
Buildings	86,973
Furniture, fixtures, and equipment	8,801
Accumulated depreciation	(3,349)
Other assets	4,375
Total Assets	$	162,846
Liabilities:

Accounts payable, accrued expenses and other liabilities	7,156
Total Liabilities	$	7,156
Net Real Estate Assets	$	155,690

Real Estate Investment Financial Statements, Disclosure

For the three and six months ended June 30, 2022 and 2021, we recorded the operating revenue, expenses and fixed asset depreciation and amortization in our condensed consolidated income statement as shown below ($ in thousands):


	Three months ended June 30,				Six months ended June 30,
	2022		2021		2022		2021
Operations related to real estate owned:
Revenue from operations	$	18,630	$	1,374	$	27,670	$	1,374
Operating expenses	(13,134)		(1,994)		(22,786)		(1,994)
Depreciation and amortization	—		(452)		(704)		(452)
Net income (loss) from real estate owned	$	5,496	$	(1,072)	$	4,180	$	(1,072)