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Consolidated Statements of Operations and Comprehensive Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Operating expense        
Impairment loss     $ 0  
Transaction costs $ 300,000   1,700,000  
Interest expense (8,600,000)   (21,800,000)  
Equity in income from unconsolidated joint ventures 611,000   727,000  
Predecessor        
Operating expense        
Impairment loss       $ 35,100,000
Transaction costs   $ 5,800,000   6,300,000
Interest expense   (19,500,000)   (38,800,000)
Equity in income from unconsolidated joint ventures   648,000   518,000
Rangers Sub I, LLC        
Operating revenue        
Room revenue 0   0  
Food and beverage revenue 0   0  
Related party lease revenue 60,650,000   114,200,000  
Other revenue 0   0  
Total revenue 60,650,000   114,200,000  
Operating expense        
Room expense 0   0  
Food and beverage expense 0   0  
Management and franchise fee expense 0   0  
Other operating expense 0   0  
Total property operating expense 0   0  
Depreciation and amortization 20,492,000   41,204,000  
Impairment loss 0   0  
Property tax, insurance and other 14,056,000   28,887,000  
General and administrative 551,000   1,159,000  
Transaction costs 647,000   2,175,000  
Total operating expense 35,746,000   73,425,000  
Operating income 24,904,000   40,775,000  
Other income 102,000   110,000  
Interest income 53,000   83,000  
Interest expense (8,608,000)   (21,755,000)  
Gain on extinguishment of indebtedness 7,000   12,936,000  
Income (loss) before equity in income from unconsolidated joint ventures 16,458,000   32,149,000  
Equity in income from unconsolidated joint ventures 611,000   727,000  
Income (loss) before income tax expense 17,069,000   32,876,000  
Income tax expense 0   0  
Income (loss) from operations 17,069,000   32,876,000  
Gain (loss) on sale of hotel properties 42,000   (9,324,000)  
Net income (loss) and comprehensive income (loss) 17,111,000   23,552,000  
Net (income) loss attributable to noncontrolling interests:        
Noncontrolling interest in consolidated joint ventures (42,000)   34,000  
Noncontrolling interest in FelCor LP (167,000)   (229,000)  
Preferred distributions - consolidated joint venture (369,000)   (735,000)  
Net Income (Loss) Attributable to Parent 16,533,000   22,622,000  
Preferred dividends 0   0  
Net income (loss) and comprehensive income (loss) attributable to ownership interests/common shareholders 16,533,000   22,622,000  
Rangers Sub I, LLC | Predecessor        
Operating revenue        
Room revenue   168,772,000   313,705,000
Food and beverage revenue   37,921,000   69,995,000
Related party lease revenue   0   0
Other revenue   13,747,000   24,844,000
Total revenue   220,440,000   408,544,000
Operating expense        
Room expense   43,483,000   84,161,000
Food and beverage expense   28,281,000   54,503,000
Management and franchise fee expense   7,726,000   15,276,000
Other operating expense   56,167,000   110,555,000
Total property operating expense   135,657,000   264,495,000
Depreciation and amortization   27,528,000   55,366,000
Impairment loss   10,271,000   35,109,000
Property tax, insurance and other   16,942,000   31,631,000
General and administrative   6,281,000   13,221,000
Transaction costs   5,843,000   6,316,000
Total operating expense   202,522,000   406,138,000
Operating income   17,918,000   2,406,000
Other income   100,000   100,000
Interest income   47,000   80,000
Interest expense   (19,463,000)   (38,782,000)
Gain on extinguishment of indebtedness   0   0
Income (loss) before equity in income from unconsolidated joint ventures   (1,398,000)   (36,196,000)
Equity in income from unconsolidated joint ventures   648,000   518,000
Income (loss) before income tax expense   (750,000)   (35,678,000)
Income tax expense   (503,000)   (1,050,000)
Income (loss) from operations   (1,253,000)   (36,728,000)
Gain (loss) on sale of hotel properties   (207,000)   (873,000)
Net income (loss) and comprehensive income (loss)   (1,460,000)   (37,601,000)
Net (income) loss attributable to noncontrolling interests:        
Noncontrolling interest in consolidated joint ventures   33,000   437,000
Noncontrolling interest in FelCor LP   35,000   221,000
Preferred distributions - consolidated joint venture   (367,000)   (727,000)
Net Income (Loss) Attributable to Parent   (1,759,000)   (37,670,000)
Preferred dividends   (6,279,000)   (12,558,000)
Net income (loss) and comprehensive income (loss) attributable to ownership interests/common shareholders   $ (8,038,000)   $ (50,228,000)
Basic and diluted per common share data:        
Net Income/(Loss) per share attributable to common shareholders (in dollars per share)   $ (0.06)   $ (0.36)
Dividends declared per common share (in dollars per share)   $ 0.06   $ 0.12
FelCor Lodging LP        
Operating revenue        
Room revenue 0   0  
Food and beverage revenue 0   0  
Related party lease revenue 60,650,000   114,200,000  
Other revenue 0   0  
Total revenue 60,650,000   114,200,000  
Operating expense        
Room expense 0   0  
Food and beverage expense 0   0  
Management and franchise fee expense 0   0  
Other operating expense 0   0  
Total property operating expense 0   0  
Depreciation and amortization 20,492,000   41,204,000  
Impairment loss 0   0  
Property tax, insurance and other 14,056,000   28,887,000  
General and administrative 551,000   1,159,000  
Transaction costs 647,000   2,175,000  
Total operating expense 35,746,000   73,425,000  
Operating income 24,904,000   40,775,000  
Other income 102,000   110,000  
Interest income 53,000   83,000  
Interest expense (8,608,000)   (21,755,000)  
Gain on extinguishment of indebtedness 7,000   12,936,000  
Income (loss) before equity in income from unconsolidated joint ventures 16,458,000   32,149,000  
Equity in income from unconsolidated joint ventures 611,000   727,000  
Income (loss) before income tax expense 17,069,000   32,876,000  
Income tax expense 0   0  
Income (loss) from operations 17,069,000   32,876,000  
Gain (loss) on sale of hotel properties 42,000   (9,324,000)  
Net income (loss) and comprehensive income (loss) 17,111,000   23,552,000  
Net (income) loss attributable to noncontrolling interests:        
Noncontrolling interest in consolidated joint ventures (42,000)   34,000  
Preferred distributions - consolidated joint venture (369,000)   (735,000)  
Net Income (Loss) Attributable to Parent 16,700,000   22,851,000  
Preferred dividends 0   0  
Net income (loss) and comprehensive income (loss) attributable to ownership interests/common shareholders $ 16,700,000   $ 22,851,000  
FelCor Lodging LP | Predecessor        
Operating revenue        
Room revenue   $ 168,772,000   $ 313,705,000
Food and beverage revenue   37,921,000   69,995,000
Related party lease revenue   0   0
Other revenue   13,747,000   24,844,000
Total revenue   220,440,000   408,544,000
Operating expense        
Room expense   43,483,000   84,161,000
Food and beverage expense   28,281,000   54,503,000
Management and franchise fee expense   7,726,000   15,276,000
Other operating expense   56,167,000   110,555,000
Total property operating expense   135,657,000   264,495,000
Depreciation and amortization   27,528,000   55,366,000
Impairment loss   10,271,000   35,109,000
Property tax, insurance and other   16,942,000   31,631,000
General and administrative   6,281,000   13,221,000
Transaction costs   5,843,000   6,316,000
Total operating expense   202,522,000   406,138,000
Operating income   17,918,000   2,406,000
Other income   100,000   100,000
Interest income   47,000   80,000
Interest expense   (19,463,000)   (38,782,000)
Gain on extinguishment of indebtedness   0   0
Income (loss) before equity in income from unconsolidated joint ventures   (1,398,000)   (36,196,000)
Equity in income from unconsolidated joint ventures   648,000   518,000
Income (loss) before income tax expense   (750,000)   (35,678,000)
Income tax expense   (503,000)   (1,050,000)
Income (loss) from operations   (1,253,000)   (36,728,000)
Gain (loss) on sale of hotel properties   (207,000)   (873,000)
Net income (loss) and comprehensive income (loss)   (1,460,000)   (37,601,000)
Net (income) loss attributable to noncontrolling interests:        
Noncontrolling interest in consolidated joint ventures   33,000   437,000
Preferred distributions - consolidated joint venture   (367,000)   (727,000)
Net Income (Loss) Attributable to Parent   (1,794,000)   (37,891,000)
Preferred dividends   (6,279,000)   (12,558,000)
Net income (loss) and comprehensive income (loss) attributable to ownership interests/common shareholders   $ (8,073,000)   $ (50,449,000)
Basic and diluted per common share data:        
Net Income/(Loss) per share attributable to common shareholders (in dollars per share)   $ (0.06)   $ (0.36)
Weighted Average Number of Shares Outstanding, Basic and Diluted   138,476,026   138,429,969
Dividends declared per common share (in dollars per share)   $ 0.06   $ 0.12