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Discontinued Operations | 12 Months Ended
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Dec. 31, 2012
Discontinued Operations | NOTE 20 - DISCONTINUED OPERATIONS We have adjusted our consolidated statement of operations for 2012, 2011 and 2010 to reflect the operations of hotel properties sold or classified as held for sale in discontinued operations. These hotel properties include the Hampton Inn, Holiday Inn Express, and AmericInn in Twin Falls, ID which were sold in May 2012; the AmericInn in Missoula, MT which was sold in August 2012; the Courtyard by Marriott in Missoula, MT which was sold in December 2012; and the AmericInn & Suites in Golden, CO which was classified as held for sale at December 31, 2012 and subsequently sold on January 15, 2013. There were no hotel properties sold or classified as held for sale in 2011 or 2010. Condensed results for the hotel properties included in discontinued operations follows (in thousands):
|  | Summit Hotel Properties, Inc. and Summit Hotel OP, LP |  |  | Summit Hotel Properties, LLC (Predecessor) |
|  | 2012 |  |  | Period 2/14/11 through 12/31/11 |  |  | Period 1/1/11 through 2/13/11 |  |  | 2010 |
REVENUE |  | $ | 5,351 |  |  | $ | 8,132 |  |  | $ | 752 |  |  | $ | 9,781 |
Hotel operating expenses |  |  | 3,962 |  |  |  | 5,485 |  |  |  | 728 |  |  |  | 6,517 |
Depreciation and amortization |  |  | 608 |  |  |  | 1,267 |  |  |  | 181 |  |  |  | 1,665 |
Loss on impairment of assets |  |  | 2,305 |  |  |  | - |  |  |  | - |  |  |  | - |
(Gain) loss on disposal of assets |  |  | (3,009 | ) |  |  | - |  |  |  | - |  |  |  | - |
Interest expense |  |  | 179 |  |  |  | 589 |  |  |  | 249 |  |  |  | 1,460 |
TOTAL EXPENSES |  |  | 4,045 |  |  |  | 7,341 |  |  |  | 1,158 |  |  |  | 9,642 |
INCOME (LOSS) BEFORE TAXES |  |  | 1,306 |  |  |  | 791 |  |  |  | (406 | ) |  |  | 139 |
INCOME TAX (EXPENSE) BENEFIT |  |  | 51 |  |  |  | 138 |  |  |  | (17 | ) |  |  | (14 | )
INCOME (LOSS) FROM DISCONTINUED OPERATIONS |  | $ | 1,357 |  |  | $ | 929 |  |  | $ | (423 | ) |  | $ | 125 |
INCOME (LOSS) FROM DISCONTINUED OPERATIONS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
ATTRIBUTABLE TO NONCONTROLLING INTEREST |  | $ | 235 |  |  | $ | 251 |  |  | $ | (114 | ) |  | $ | 34 |
INCOME (LOSS) FROM DISCONTINUED OPERATIONS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
ATTRIBUTABLE TO COMMON SHAREHOLDERS/ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
MEMBERS |  | $ | 1,122 |  |  | $ | 678 |  |  | $ | (309 | ) |  | $ | 91 |

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- Definition The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 43-48 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759 + Details
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