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Consolidated Statements Of Operations (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
REVENUE      
Rooms department $ 56,187,231 $ 53,090,084 $ 48,939,286
Food and beverage department 20,482,457 19,905,509 17,992,536
Other operating departments 4,502,816 4,386,751 4,586,904
Total revenue 81,172,504 77,382,344 71,518,726
EXPENSES      
Rooms department 15,841,985 15,090,190 14,018,102
Food and beverage department 13,617,847 13,248,212 12,234,104
Other operating departments 537,969 697,037 775,036
Indirect 31,784,191 30,026,159 29,026,538
Total hotel operating expenses 61,781,992 59,061,598 56,053,780
Depreciation and amortization 8,702,880 8,506,802 8,420,085
Corporate general and administrative 4,025,794 3,389,764 3,170,627
Total operating expenses 74,510,666 70,958,164 67,644,492
NET OPERATING INCOME 6,661,838 6,424,180 3,874,234
Other income (expense)      
Interest expense (10,821,815) (10,030,517) (9,661,871)
Interest income 14,808 22,305 41,999
Equity income (loss) in joint venture (60,094) 16,931 (249,367)
Unrealized loss on warrant derivative (1,309,075)    
Unrealized gain on hedging activities 72,649 700,488 1,220,162
Loss on disposal of assets (128,099) (171,304) (42,870)
Net loss before income taxes (5,569,788) (3,037,917) (4,817,713)
Income tax (provision) benefit (905,455) (214,344) 1,807,126
Net loss (6,475,243) (3,252,261) (3,010,587)
Add: Net loss attributable to the noncontrolling interest 1,630,797 869,317 1,036,757
Net loss attributable to the Company $ (4,844,446) $ (2,382,944) $ (1,973,830)
Net loss per share attributable to the Company      
Basic $ (0.50) $ (0.25) $ (0.28)
Diluted $ (0.50) $ (0.25) $ (0.28)
Weighted average number of shares outstanding      
Basic 9,676,846 9,447,275 7,143,829
Diluted 9,806,512 9,463,275 7,169,829