Selected Quarterly Financial Data (unaudited)

The tables below set forth the Company's unaudited condensed consolidated quarterly financial data for the years ended December 31, 2018 and 2017 (in thousands, except share and per share data). In the opinion of management, all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of quarterly results have been reflected in the data. It is also management's opinion, however, that quarterly financial data for the hotel properties are not indicative of the financial results to be achieved in succeeding years or quarters. In order to obtain a more accurate indication of performance, there should be a review of the financial and operating results, changes in shareholders' equity and cash flows for a period of several years.

Rangers



	For the year ended December 31, 2018
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Total revenues	$	53,550	$	60,650	$	57,811	$	45,586
Net income and comprehensive income	$	6,441	$	17,111	$	39,362	$	12,066
Net income and comprehensive income attributable to Rangers	$	6,089	$	16,533	$	38,547	$	11,436



	Predecessor									Successor
	For the year ended December 31, 2017
	First Quarter			Second Quarter			July 1 through August 31			September 1 through September 30 (1)		Fourth Quarter (1)
Total revenues	$	188,104		$	220,440		$	142,971		$	20,854	$	60,405
Net income (loss) from continuing operations	$	(36,141	)	$	(1,460	)	$	(55,890	)	$	4,539	$	245
Loss from discontinued operations	$	—		$	—		$	(3,415	)	$	—	$	—
Net income (loss) and comprehensive income (loss) attributable to Rangers	$	(35,911	)	$	(1,759	)	$	(59,175	)	$	4,321	$	(231	)
Net income (loss) and comprehensive income (loss) attributable to ownership interests/common shareholders	$	(42,190	)	$	(8,038	)	$	(63,361	)	$	4,321	$	(231	)
Basic and diluted per common share data:
Net loss from continuing operations per share attributable to common shareholders	$	(0.31	)	$	(0.06	)	$	(0.43	)
Discontinued operations	$	—		$	—		$	(0.02	)
Net loss per share attributable to common shareholders	$	(0.31	)	$	(0.06	)	$	(0.46	)
Basic weighted-average common shares outstanding	137,777,651			137,865,843			137,904,668
Diluted weighted-average common shares outstanding	137,777,651			137,865,843			137,904,668


(1)	On August 31, 2017, RLJ, RLJ LP, Rangers, Partnership Merger Sub, FelCor and FelCor LP consummated the transactions contemplated by the Merger Agreement. The change in the quarterly financial data was a result of the financial impact related to the Mergers. Refer to Note 2 for more information on the accounting for the business combination.

FelCor LP



	For the year ended December 31, 2018
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Total revenues	$	53,550	$	60,650	$	57,811	$	45,586
Net income and comprehensive income	$	6,441	$	17,111	$	39,362	$	12,066
Net income and comprehensive income attributable to FelCor LP	$	6,151	$	16,700	$	38,936	$	11,551



	Predecessor									Successor
	For the year ended December 31, 2017
	First Quarter			Second Quarter			July 1 through August 31			September 1 through September 30 (1)		Fourth Quarter (1)
Total revenues	$	188,104		$	220,440		$	142,971		$	20,854	$	60,405
Net income (loss) from continuing operations	$	(36,141	)	$	(1,460	)	$	(55,890	)	$	4,539	$	245
Loss from discontinued operations	$	—		$	—		$	(3,415	)	$	—	$	—
Net income (loss) and comprehensive income (loss) attributable to FelCor LP	$	(36,097	)	$	(1,794	)	$	(59,449	)	$	4,366	$	(235	)
Net income (loss) and comprehensive income (loss) attributable to FelCor LP partners and common unitholders	$	(42,376	)	$	(8,073	)	$	(63,635	)	$	4,366	$	(235	)
Basic and diluted per common unit data:
Net loss from continuing operations per share attributable to common unitholders	$	(0.31	)	$	(0.06	)	$	(0.43	)
Discontinued operations	$	—		$	—		$	(0.02	)
Net loss per unit	$	(0.31	)	$	(0.06	)	$	(0.45	)
Basic weighted-average common units outstanding	138,387,834			138,476,026			138,514,851
Diluted weighted-average common units outstanding	138,387,834			138,476,026			138,514,851


(1)	On August 31, 2017, RLJ, RLJ LP, Rangers, Partnership Merger Sub, FelCor and FelCor LP consummated the transactions contemplated by the Merger Agreement. The change in the quarterly financial data was a result of the financial impact related to the Mergers. Refer to Note 2 for more information on the accounting for the business combination.