FelCor LP's Consolidating Financial Information

Certain of FelCor LP's 100% owned subsidiaries (FCH/PSH, L.P.; FelCor/CMB Buckhead Hotel, L.L.C.; FelCor/CMB Marlborough Hotel, L.L.C.; FelCor/CMB Orsouth Holdings, L.P.; FelCor/CMB SSF Holdings, L.P.; FelCor/CSS Holdings, L.P.; FelCor Dallas Love Field Owner, L.L.C.; FelCor Milpitas Owner, L.L.C.; FelCor TRS Borrower 4, L.L.C.; FelCor Hotel Asset Company, L.L.C.; FelCor St. Pete (SPE), L.L.C.; FelCor Esmeralda (SPE), L.L.C.; FelCor S-4 Hotels (SPE), L.L.C.; Madison 237 Hotel, L.L.C.; Myrtle Beach Owner, L.L.C.; and Royalton 44 Hotel, L.L.C., collectively the “Subsidiary Guarantors”), together with Rangers, guaranty, fully and unconditionally, except where subject to customary release provisions as described below, and jointly and severally, our senior notes debt.

The guaranties by the Subsidiary Guarantors may be automatically and unconditionally released upon (i) the sale or other disposition of all of the capital stock of the Subsidiary Guarantor or the sale or disposition of all or substantially all of the assets of the Subsidiary Guarantor, if, in each case, as a result of such sale or disposition, such Subsidiary Guarantor ceases to be a subsidiary of FelCor LP, (ii) the consolidation or merger of any such Subsidiary Guarantor with any person other than FelCor LP, or a subsidiary of FelCor LP, if, as a result of such consolidation or merger, such Subsidiary Guarantor ceases to be a subsidiary of the Operating Partnership, (iii) a legal defeasance or covenant defeasance of the indenture, (iv) the unconditional and complete release of such Subsidiary Guarantor in accordance with the modification and waiver provisions of the indenture, or (v) the designation of a restricted subsidiary that is a Subsidiary Guarantor as an unrestricted subsidiary under and in compliance with the indenture.

For the Predecessor period, FelCor TRS was a subsidiary guarantor in the condensed consolidating balance sheet, the condensed consolidating statements of operations and comprehensive income, and the condensed consolidating statements of cash flows. Pursuant to the terms of each of the indentures governing the Senior Notes, upon completion of the distribution of the equity interests in FelCor TRS, FelCor TRS' guarantee of the Senior Notes was automatically released and FelCor TRS Holdings, L.L.C. ceased being a subsidiary guarantor of the Senior Notes. Accordingly, FelCor TRS is not a subsidiary guarantor in the FelCor LP consolidating financial information for the Company.

The following tables present the consolidating financial information for the Subsidiary Guarantors:

FelCor Lodging Limited Partnership

Condensed Consolidating Balance Sheet

December 31, 2017 (Successor)

(in thousands)



	FelCor LP		Subsidiary Guarantors		Non-Guarantor Subsidiaries		Eliminations			Total Consolidated
Equity investment in consolidated entities	$	2,384,094	$	—	$	—	$	(2,384,094	)	$	—
Investment in hotel properties, net	—		856,541		1,641,339		—			2,497,880
Intangible assets, net	—		48,846		69,324		—			118,170
Investment in unconsolidated joint ventures	16,912		—		—		—			16,912
Cash and cash equivalents	9,202		—		5,526		—			14,728
Restricted cash reserves	436		—		2,867		—			3,303
Related party rent receivable	—		32,200		47,890		—			80,090
Prepaid expense and other assets	4,405		3,292		4,994		—			12,691
Total assets	$	2,415,049	$	940,879	$	1,771,940	$	(2,384,094	)	$	2,743,774

Debt, net	$	1,062,716	$	—	$	269,098	$	(32,709	)	$	1,299,105
Accounts payable and other liabilities	20,018		13,605		20,568		—			54,191
Related party lease termination fee payable	—		—		7,707		—			7,707
Accrued interest	12,286		—		—		—			12,286
Distributions payable	—		—		126		—			126
Total liabilities	1,095,020		13,605		297,499		(32,709		)	1,373,415

Partnership interests	1,320,029		927,274		1,424,111		(2,351,385		)	1,320,029
Total FelCor LP partners' capital	1,320,029		927,274		1,424,111		(2,351,385		)	1,320,029
Noncontrolling interests	—		—		5,900		—			5,900
Preferred capital in a consolidated joint venture	—		—		44,430		—			44,430
Total partners’ capital	1,320,029		927,274		1,474,441		(2,351,385		)	1,370,359
Total liabilities and partners’ capital	$	2,415,049	$	940,879	$	1,771,940	$	(2,384,094	)	$	2,743,774

FelCor Lodging Limited Partnership

Condensed Consolidating Balance Sheet

December 31, 2016 (Predecessor)

(in thousands)



	FelCor LP			Subsidiary Guarantors			Non-Guarantor Subsidiaries		Eliminations			Total Consolidated
Investment in hotel properties, net	$	—		$	488,528		$	1,078,295	$	—		$	1,566,823
Equity investment in consolidated entities	1,190,737			—			—		(1,190,737		)	—
Investment in unconsolidated joint ventures	2,410			4,800			1,102		—			8,312
Cash and cash equivalents	13,532			29,141			4,644		—			47,317
Restricted cash reserves	—			16,433			3,058		—			19,491
Hotel and other receivables, net	—			26,651			—		—			26,651
Prepaid expense and other assets	8,438			16,696			13,364		—			38,498
Total assets	$	1,215,117		$	582,249		$	1,100,463	$	(1,190,737	)	$	1,707,092

Debt, net	$	985,767		$	—		$	391,995	$	(39,436	)	$	1,338,326
Accounts payable and other liabilities	15,209			54,960			8,113		—			78,282
Advance deposits and deferred revenue	923			24,479			3		—			25,405
Accrued interest	12,299			—			451		—			12,750
Distributions payable	14,734			—			124		—			14,858
Total liabilities	1,028,932			79,439			400,686		(39,436		)	1,469,621

Redeemable units, at redemption value	4,888			—			—		—			4,888

Preferred units	309,337			—			—		—			309,337
Common units	(128,040		)	503,765			647,536		(1,151,301		)	(128,040		)
Total partners’ capital	181,297			503,765			647,536		(1,151,301		)	181,297
Noncontrolling interest in consolidated joint ventures	—			(955		)	8,458		—			7,503
Preferred capital in a consolidated joint venture	—			—			43,783		—			43,783
Total partners’ capital	181,297			502,810			699,777		(1,151,301		)	232,583
Total liabilities and partners’ capital	$	1,215,117		$	582,249		$	1,100,463	$	(1,190,737	)	$	1,707,092

FelCor Lodging Limited Partnership

Condensed Consolidating Statement of Operations and Comprehensive Income

For the Period of September 1, 2017 through December 31, 2017 (Successor)

(in thousands)



	FelCor LP			Subsidiary Guarantors		Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Revenue
Related party lease revenue	$	—		$	32,572	$	48,687		$	—		$	81,259
Total revenue	—			32,572		48,687			—			81,259

Expense
Depreciation and amortization	151			12,164		16,650			—			28,965
Property tax, insurance and other	25			8,800		8,237			—			17,062
General and administrative	904			59		56			—			1,019
Transaction costs	4,079			105		9			—			4,193
Total operating expense	5,159			21,128		24,952			—			51,239
Operating (expense) income	(5,159		)	11,444		23,735			—			30,020
Interest income	113			—		1			(104		)	10
Interest expense	(15,918		)	—		(3,456		)	104			(19,270		)
Income (loss) before equity in income from joint ventures	(20,964		)	11,444		20,280			—			10,760
Equity in income from consolidated entities	24,434			—		—			(24,434		)	—
Equity in income from unconsolidated joint ventures	661			—		—			—			661
Income before loss on sale of hotel properties	4,131			11,444		20,280			(24,434		)	11,421
Loss on sale of hotel properties	—			—		(6,637		)	—			(6,637		)
Net income and comprehensive income	4,131			11,444		13,643			(24,434		)	4,784
Income attributable to noncontrolling interests	—			—		(157		)	—			(157		)
Preferred distributions - consolidated joint venture	—			—		(496		)	—			(496		)
Net income and comprehensive income attributable to FelCor LP	$	4,131		$	11,444	$	12,990		$	(24,434	)	$	4,131

FelCor Lodging Limited Partnership

Condensed Consolidating Statement of Operations and Comprehensive Loss

For the Period of January 1, 2017 through August 31, 2017 (Predecessor)

(in thousands)



	FelCor LP			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Revenue
Room revenue	$	—		$	425,682		$	—		$	—		$	425,682
Food and beverage revenue	—			90,572			—			—			90,572
Percentage lease revenue	—			—			84,509			(84,509		)	—
Other revenue	41			34,883			337			—			35,261
Total revenue	41			551,137			84,846			(84,509		)	551,515

Expense
Room expense	—			112,813			—			—			112,813
Food and beverage expense	—			71,828			—			—			71,828
Management and franchise fee expense	—			19,901			—			—			19,901
Other operating expense	—			147,827			—			—			147,827
Depreciation and amortization	309			28,064			44,692			—			73,065
Impairment loss	—			35,109			—			—			35,109
Property tax, insurance and other	921			111,020			16,846			(84,509		)	44,278
General and administrative	—			8,914			7,092			—			16,006
Transaction costs	68,248			—			—			—			68,248
Total operating expense	69,478			535,476			68,630			(84,509		)	589,075
Operating (expense) income	(69,437		)	15,661			16,216			—			(37,560		)
Intercompany interest income (expense)	241			—			(241		)	—			—
Other income (expense)	—			—			100			—			100
Interest income	66			59			1			—			126
Interest expense	(38,722		)	—			(12,968		)	—			(51,690		)
Loss on debt extinguishment	—			—			(3,278		)	—			(3,278		)
Loss before equity in income from joint ventures	(107,852		)	15,720			(170		)	—			(92,302		)
Equity in income from consolidated entities	12,779			—			—			(12,779		)	—
Equity in income from unconsolidated joint ventures	1,181			(77		)	(30		)	—			1,074
Loss before income tax	(93,892		)	15,643			(200		)	(12,779		)	(91,228		)
Income tax expense	(35		)	(464		)	—			—			(499		)
Loss from continuing operations	(93,927		)	15,179			(200		)	(12,779		)	(91,727		)
Loss from discontinued operations	(3,415		)	—			—			—			(3,415		)
Loss before loss on sale of hotel properties	(97,342		)	15,179			(200		)	(12,779		)	(95,142		)
Loss on sale of hotel properties	2			(1,565		)	(201		)	—			(1,764		)
Net loss and comprehensive loss	(97,340		)	13,614			(401		)	(12,779		)	(96,906		)
Loss attributable to noncontrolling interests in consolidated joint ventures	—			336			209			—			545
Preferred distributions - consolidated joint venture	—			—			(979		)	—			(979		)
Net loss and comprehensive loss attributable to FelCor LP	(97,340		)	13,950			(1,171		)	(12,779		)	(97,340		)
Preferred distributions	(16,744		)	—			—			—			(16,744		)
Net loss attributable to FelCor LP common unitholders	$	(114,084	)	$	13,950		$	(1,171	)	$	(12,779	)	$	(114,084	)

FelCor Lodging Limited Partnership

Condensed Consolidating Statement of Operations and Comprehensive Income

For the Year Ended December 31, 2016 (Predecessor)

(in thousands)



	FelCor LP			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Revenue
Room revenue	$	—		$	661,640		$	—		$	—		$	661,640
Food and beverage revenue	—			155,227			—			—			155,227
Percentage lease revenue	—			—			134,462			(134,462		)	—
Other revenue	210			49,449			428			—			50,087
Total revenue	210			866,316			134,890			(134,462		)	866,954

Expense
Room expense	—			171,883			—			—			171,883
Food and beverage expense	—			119,047			—			—			119,047
Management and franchise fee expense	—			32,935			—			—			32,935
Other operating expense	—			227,300			—			—			227,300
Depreciation and amortization	261			45,763			68,030			—			114,054
Impairment loss	—			26,459			—			—			26,459
Property tax, insurance and other	7,415			173,588			23,516			(134,462		)	70,057
General and administrative	—			14,848			12,189			—			27,037
Total operating expense	7,676			811,823			103,735			(134,462		)	788,772
Operating (expense) income	(7,466		)	54,493			31,155			—			78,182
Intercompany interest income (expense)	378			—			(378		)	—			—
Other income	—			—			342			—			342
Interest income	31			30			1			—			62
Interest expense	(58,674		)	—			(19,570		)	—			(78,244		)
Income before equity in income from joint ventures	(65,731		)	54,523			11,550			—			342
Equity in income from consolidated entities	69,540			—			—			(69,540		)	—
Equity in income from unconsolidated joint ventures	1,781			(202		)	(46		)	—			1,533
Income before income tax	5,590			54,321			11,504			(69,540		)	1,875
Income tax expense	559			(1,586		)	154			—			(873		)
Income from continuing operations	6,149			52,735			11,658			(69,540		)	1,002
Loss from discontinued operations	(3,131		)	—			—			—			(3,131		)
Loss before gain on sale of hotel properties	3,018			52,735			11,658			(69,540		)	(2,129		)
Gain on sale of hotel properties	387			6,450			(515		)	—			6,322
Net income and comprehensive income	3,405			59,185			11,143			(69,540		)	4,193
Loss attributable to noncontrolling interests in consolidated joint ventures	—			520			153			—			673
Preferred distributions - consolidated joint venture	—			—			(1,461		)	—			(1,461		)
Net income and comprehensive income attributable to FelCor LP	3,405			59,705			9,835			(69,540		)	3,405
Preferred distributions	(25,115		)	—			—			—			(25,115		)
Net loss attributable to FelCor LP common unitholders	$	(21,710	)	$	59,705		$	9,835		$	(69,540	)	$	(21,710	)

FelCor Lodging Limited Partnership

Condensed Consolidating Statement of Operations and Comprehensive Income

For the Year Ended December 31, 2015 (Predecessor)

(in thousands)



	FelCor LP			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Revenue
Room revenue	$	—		$	673,276		$	—		$	—		$	673,276
Food and beverage revenue	—			158,531			—			—			158,531
Percentage lease revenue	—			—			126,867			(126,867		)	—
Other revenue	143			53,852			452			—			54,447
Total revenue	143			885,659			127,319			(126,867		)	886,254

Expense
Room expense	—			172,252			—			—			172,252
Food and beverage expense	—			123,384			—			—			123,384
Management and franchise fee expense	—			35,572			—			—			35,572
Other operating expense	—			241,051			—			—			241,051
Depreciation and amortization	188			49,589			64,675			—			114,452
Impairment loss	—			20,861			—			—			20,861
Property tax, insurance and other	4,485			171,178			22,890			(126,867		)	71,686
General and administrative	—			15,022			12,261			—			27,283
Total operating expense	4,673			828,909			99,826			(126,867		)	806,541
Operating income	(4,530		)	56,750			27,493			—			79,713
Intercompany interest income (expense)	379			—			(379		)	—			—
Other income (expense)	—			—			166			—			166
Interest income	5			11			8			—			24
Interest expense	(57,446		)	—			(21,696		)	—			(79,142		)
Debt extinguishment	(28,459		)	—			(2,450		)	—			(30,909		)
Loss before equity in income from joint ventures	(90,051		)	56,761			3,142			—			(30,148		)
Equity in income from consolidated entities	73,274			—			—			(73,274		)	—
Equity in income from unconsolidated joint ventures	8,368			(489		)	(46		)	—			7,833
Loss before income tax	(8,409		)	56,272			3,096			(73,274		)	(22,315		)
Income tax expense	(252		)	(993		)	—			—			(1,245		)
Income from continuing operations	(8,661		)	55,279			3,096			(73,274		)	(23,560		)
Income from discontinued operations	—			11			658			—			669
Loss before gain on sale of hotel properties	(8,661		)	55,290			3,754			(73,274		)	(22,891		)
Gain on sale of hotel properties	(398		)	(17		)	19,841			—			19,426
Net loss and comprehensive loss	(9,059		)	55,273			23,595			(73,274		)	(3,465		)
Income attributable to noncontrolling interests in consolidated joint ventures	—			769			(4,926		)	—			(4,157		)
Preferred distributions - consolidated joint venture	—			—			(1,437		)	—			(1,437		)
Net loss and comprehensive loss attributable to FelCor LP	(9,059		)	56,042			17,232			(73,274		)	(9,059		)
Preferred distributions	(36,234		)	—			—			—			(36,234		)
Net loss attributable to FelCor LP common unitholders	$	(45,293	)	$	56,042		$	17,232		$	(73,274	)	$	(45,293	)

FelCor Lodging Limited Partnership

Condensed Consolidating Statement of Cash Flows

For the Period of September 1, 2017 through December 31, 2017 (Successor)

(in thousands)



	FelCor LP			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Operating activities:
Cash flows from operating activities	$	(44,202	)	$	(11,078	)	$	(16,872	)	$	—		$	(72,152	)
Investing activities:
Improvements and additions to hotel properties	—			(5,704		)	(17,933		)	—			(23,637		)
Proceeds from the sale of hotel properties, net	—			—			165,893			—			165,893
Intercompany financing	108,590			—			—			(108,590		)	—
Cash flows from investing activities	108,590			(5,704		)	147,960			(108,590		)	142,256
Financing activities:
Repayment of borrowings	(990		)	—			(1,174		)	—			(2,164		)
Contributions from partners	130,076			—			—			—			130,076
Distributions to partners	(187,616		)	—			—			—			(187,616		)
Distribution of FelCor TRS	—			(51,867		)	—			—			(51,867		)
Preferred distributions - consolidated joint venture	—			—			(496		)	—			(496		)
Payments of deferred financing costs	—			—			(254		)	—			(254		)
Distributions to preferred unitholders	(4,186		)	—			—			—			(4,186		)
Intercompany financing	—			20,142			(128,732		)	108,590			—
Cash flows from financing activities	(62,716		)	(31,725		)	(130,656		)	108,590			(116,507		)
Net change in cash, cash equivalents, and restricted cash reserves	1,672			(48,507		)	432			—			(46,403		)
Cash, cash equivalents, and restricted cash reserves, beginning of period	7,965			48,507			7,962			—			64,434
Cash, cash equivalents, and restricted cash reserves, end of period	$	9,637		$	—		$	8,394		$	—		$	18,031

FelCor Lodging Limited Partnership

Condensed Consolidating Statement of Cash Flows

For the Period of January 1, 2017 through August 31, 2017 (Predecessor)

(in thousands)



	FelCor LP			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Operating activities:
Cash flows from operating activities	$	(40,773	)	$	85,899		$	54,214		$	—		$	99,340
Investing activities:
Improvements and additions to hotel properties	1			(16,727		)	(47,076		)	—			(63,802		)
Proceeds from the sale of hotel properties, net	(696		)	74,281			(169		)	—			73,416
Distributions from unconsolidated joint ventures	840			—			—			—			840
Intercompany financing	91,391			—			—			(91,391		)	—
Cash flows from investing activities	91,536			57,554			(47,245		)	(91,391		)	10,454
Financing activities:
Proceeds from borrowings	—			—			66,000			—			66,000
Repayment of borrowings	—			—			(121,691		)	—			(121,691		)
Distributions to noncontrolling interests	—			—			(150		)	—			(150		)
Contributions from noncontrolling interests	—			333			—			—			333
Distributions to preferred unitholders	(18,836		)	—			—			—			(18,836		)
Distributions to common unitholders	(30,926		)	—			—			—			(30,926		)
Net proceeds from the issuance of preferred capital in a consolidated joint venture	—			—			647			—			647
Intercompany financing	—			(140,853		)	49,462			91,391			—
Other	(6,568		)	—			(977		)	—			(7,545		)
Cash flows from financing activities	(56,330		)	(140,520		)	(6,709		)	91,391			(112,168		)
Net change in cash, cash equivalents, and restricted cash reserves	(5,567		)	2,933			260			—			(2,374		)
Cash, cash equivalents, and restricted cash reserves, beginning of period	13,532			45,574			7,702			—			66,808
Cash, cash equivalents, and restricted cash reserves, end of period	$	7,965		$	48,507		$	7,962		$	—		$	64,434

FelCor Lodging Limited Partnership

Condensed Consolidating Statement of Cash Flows

For the Year Ended December 31, 2016 (Predecessor)

(in thousands)



	FelCor LP			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Operating activities:
Cash flows from operating activities	$	(65,416	)	$	115,577		$	84,759		$	—		$	134,920
Investing activities:
Acquisition of land	—			—			(8,226		)	—			(8,226		)
Improvements and additions to hotel properties	(11		)	(31,309		)	(42,944		)	—			(74,264		)
Proceeds from the sale of hotel properties, net	(1,433		)	102,726			(323		)	—			100,970
Insurance proceeds	—			—			341			—			341
Distributions from unconsolidated joint ventures	1,586			—			—			—			1,586
Intercompany financing	149,667			—			—			(149,667		)	—
Cash flows from investing activities	149,809			71,417			(51,152		)	(149,667		)	20,407
Financing activities:
Proceeds from borrowings	—			—			85,000			—			85,000
Repayment of borrowings	—			—			(158,662		)	—			(158,662		)
Payment of deferred financing fees	—			—			(12		)	—			(12		)
Distributions to noncontrolling interests	—			(14		)	(2		)	—			(16		)
Contributions from noncontrolling interests	—			397			239			—			636
Repurchase of common units	(30,462		)	—			—			—			(30,462		)
Distributions to preferred unitholders	(25,115		)	—			—			—			(25,115		)
Distributions to common unitholders	(33,606		)	—			—			—			(33,606		)
Net proceeds from the issuance of preferred capital in a consolidated joint venture	—			—			597			—			597
Intercompany financing	—			(191,117		)	41,450			149,667			—
Other	(2,897		)	—			(1,461		)	—			(4,358		)
Cash flows from financing activities	(92,080		)	(190,734		)	(32,851		)	149,667			(165,998		)
Effect of exchange rate changes on cash	—			—			(9		)	—			(9		)
Net change in cash, cash equivalents, and restricted cash reserves	(7,687		)	(3,740		)	747			—			(10,680		)
Cash, cash equivalents, and restricted cash reserves, beginning of period	21,219			49,314			6,955			—			77,488
Cash, cash equivalents, and restricted cash reserves, end of period	$	13,532		$	45,574		$	7,702		$	—		$	66,808

FelCor Lodging Limited Partnership

Condensed Consolidating Statement of Cash Flows

For the Year Ended December 31, 2015 (Predecessor)

(in thousands)



	FelCor LP			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Operating activities:
Cash flows from operating activities	$	(54,129	)	$	123,302		$	77,490		$	—		$	146,663
Investing activities:
Improvements and additions to hotel properties	242			(42,039		)	(6,639		)	—			(48,436		)
Hotel development	—			—			(33,525		)	—			(33,525		)
Proceeds from the sale of hotel properties, net	(569		)	(669		)	189,187			—			187,949
Insurance proceeds	274			—			203			—			477
Distributions from unconsolidated joint ventures	6,517			800			—			—			7,317
Contributions to unconsolidated entities	(15		)	—			—			—			(15		)
Intercompany financing	184,776			—			—			(184,776		)	—
Cash flows from investing activities	191,225			(41,908		)	149,226			(184,776		)	113,767
Financing activities:
Proceeds from borrowings	475,000			—			550,438			—			1,025,438
Repayment of borrowings	(545,453		)	—			(658,356		)	—			(1,203,809		)
Payment of deferred financing fees	(8,505		)	—			(6,447		)	—			(14,952		)
Distributions to noncontrolling interests	—			(444		)	(17,151		)	—			(17,595		)
Contributions from noncontrolling interests	—			548			2,261			—			2,809
Redemption of preferred units	(169,986		)	—			—			—			(169,986		)
Repurchase of common units	(14,362		)	—			—			—			(14,362		)
Distributions to preferred unitholders	(32,404		)	—			—			—			(32,404		)
Net proceeds from common unit issuance	198,648			—			—			—			198,648
Distributions to common unitholders	(22,385		)	—			—			—			(22,385		)
Net proceeds from the issuance of preferred capital in a consolidated joint venture	—			—			1,744			—			1,744
Intercompany financing	—			(76,697		)	(108,079		)	184,776			—
Other	(2,147		)	—			(1,431		)	—			(3,578		)
Cash flows from financing activities	(121,594		)	(76,593		)	(237,021		)	184,776			(250,432		)
Effect of exchange rate changes on cash	—			—			(153		)	—			(153		)
Net change in cash, cash equivalents, and restricted cash reserves	15,502			4,801			(10,458		)	—			9,845
Cash, cash equivalents, and restricted cash reserves, beginning of period	5,717			44,513			17,413			—			67,643
Cash, cash equivalents, and restricted cash reserves, end of period	$	21,219		$	49,314		$	6,955		$	—		$	77,488