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Redeemable Noncontrolling Interests in FelCor LP/Redeemable Units
9 Months Ended
Sep. 30, 2011
Noncontrolling Interests [Abstract] 
Noncontrolling Interest Disclosure [Text Block]
Redeemable Noncontrolling Interests in FelCor LP / Redeemable Units

We record redeemable noncontrolling interests in FelCor LP, in the case of FelCor, and redeemable units, in the case of FelCor LP, in the mezzanine section (between liabilities and equity or partners' capital) of our consolidated balance sheets because of the redemption feature of these units.  Additionally, FelCor's consolidated statements of operations separately present earnings attributable to redeemable noncontrolling interests.  We adjust redeemable noncontrolling interests in FelCor LP (or redeemable units) each period to reflect the greater of its carrying value based on the accumulation of historical cost or its redemption value.  The historical cost is based on the proportionate relationship between the carrying value of equity associated with FelCor's common stockholders relative to that of FelCor LP's unitholders.  Redemption value is based on the closing price of FelCor's common stock at period end. FelCor allocates net income (loss) to FelCor LP's noncontrolling partners based on their weighted average ownership percentage during the period.  

In May 2011, FelCor LP issued 367,647 limited partner interest units at $6.80 per unit. At September 30, 2011, we carried these units at $2.3 million, which is the issue price less the holders’ share of allocated losses for the period the units were outstanding. We carried the remaining 268,778 outstanding units of limited partner interest at $626,000, based on the closing price of FelCor's common stock at September 30, 2011 ($2.33/share).

15.
Redeemable Noncontrolling Interests in FelCor LP / Redeemable Units – (continued)

Changes in redeemable noncontrolling interests (or redeemable units) for the nine months ended September 30, 2011 and 2010 are shown below (in thousands):

 
Nine Months Ended
 
September 30,
 
2011
 
2010
Balance at beginning of period
$
2,004

 
 
$
1,062

 
Issuance of units
2,500

 
 
—

 
Conversion of units
(97
)
 
 
—

 
Redemption value allocation
(970
)
 
 
863

 
Comprehensive income (loss):
 
 
 
 
 
 Foreign exchange translation
(14
)
 
 
3

 
 Net loss
(469
)
 
 
(571
)
 
Balance at end of period
$
2,954

 
 
$
1,357