XML 15 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Assets    
Investment in hotels, net of accumulated depreciation of $912,561 and $899,575 at September 30, 2016 and December 31, 2015, respectively $ 1,572,082 $ 1,729,531
Investment in unconsolidated entities 9,405 9,575
Cash and cash equivalents 50,350 59,786
Restricted cash 22,130 17,702
Accounts receivable, net of allowance for doubtful accounts of $182 and $204 at September 30, 2016 and December 31, 2015, respectively 46,745 28,136
Deferred expenses, net of accumulated amortization of $2,490 and $1,086 at September 30, 2016 and December 31, 2015, respectively 4,996 6,390
Other assets 17,003 14,792
Total assets 1,722,711 1,865,912
Liabilities and Equity    
Debt, net of unamortized debt issuance costs of $16,540 and $18,065 at September 30, 2016 and December 31, 2015, respectively 1,324,425 1,409,889
Distributions payable 14,969 15,140
Accrued expenses and other liabilities 130,013 125,274
Total liabilities 1,469,407 1,550,303
Commitments and contingencies
Redeemable noncontrolling interests in FelCor LP, 610 and 611 units issued and outstanding at September 30, 2016 and December 31, 2015, respectively 3,923 4,464
Preferred stock, $0.01 par value, 20,000 shares authorized:    
Common stock, $0.01 par value, 200,000 shares authorized; 137,774 and 141,808 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively 1,378 1,418
Additional paid-in capital 2,576,895 2,567,515
Accumulated deficit (2,689,753) (2,618,117)
Total FelCor stockholders’ equity 197,857 260,153
Noncontrolling interests in other partnerships 7,741 7,806
Preferred equity in consolidated joint venture, liquidation value of $44,638 and $43,954 at September 30, 2016 and December 31, 2015, respectively 43,783 43,186
Total equity 249,381 311,145
Total liabilities and equity 1,722,711 1,865,912
FelCor Lodging LP [Member]    
Assets    
Investment in hotels, net of accumulated depreciation of $912,561 and $899,575 at September 30, 2016 and December 31, 2015, respectively 1,572,082 1,729,531
Investment in unconsolidated entities 9,405 9,575
Cash and cash equivalents 50,350 59,786
Restricted cash 22,130 17,702
Accounts receivable, net of allowance for doubtful accounts of $182 and $204 at September 30, 2016 and December 31, 2015, respectively 46,745 28,136
Deferred expenses, net of accumulated amortization of $2,490 and $1,086 at September 30, 2016 and December 31, 2015, respectively 4,996 6,390
Other assets 17,003 14,792
Total assets 1,722,711 1,865,912
Liabilities and Equity    
Debt, net of unamortized debt issuance costs of $16,540 and $18,065 at September 30, 2016 and December 31, 2015, respectively 1,324,425 1,409,889
Distributions payable 14,969 15,140
Accrued expenses and other liabilities 130,013 125,274
Total liabilities 1,469,407 1,550,303
Commitments and contingencies
Redeemable noncontrolling interests in FelCor LP, 610 and 611 units issued and outstanding at September 30, 2016 and December 31, 2015, respectively 3,923 4,464
Preferred stock, $0.01 par value, 20,000 shares authorized:    
Preferred equity in consolidated joint venture, liquidation value of $44,638 and $43,954 at September 30, 2016 and December 31, 2015, respectively 43,783 43,186
Total liabilities and equity 1,722,711 1,865,912
Preferred Units, Preferred Partners' Capital Account [Abstract]    
Preferred Units, Contributed Capital 309,337 309,337
Common units, 137,774 and 141,808 units issued and outstanding at September 30, 2016 and December 31, 2015, respectively (111,480) (49,184)
Total FelCor LP partners’ capital 197,857 260,153
Noncontrolling interests 7,741 7,806
Preferred capital in consolidated joint venture 43,783 43,186
Total partners’ capital 249,381 311,145
FelCor Lodging LP [Member] | Series A Cumulative Convertible Preferred Units, 12,879 units issued and outstanding at September 30, 2016 and December 31, 2015    
Preferred Units, Preferred Partners' Capital Account [Abstract]    
Preferred Units, Contributed Capital 309,337 309,337
Series A Cumulative Convertible Preferred Stock, 12,879 shares, liquidation value of $321,987, issued and outstanding at September 30, 2016 and December 31, 2015    
Preferred stock, $0.01 par value, 20,000 shares authorized:    
Cumulative Preferred Stock $ 309,337 $ 309,337