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Consolidated Statements of Operations and Comprehensive Income - USD ($)
4 Months Ended 8 Months Ended 12 Months Ended
Dec. 31, 2017
Aug. 31, 2017
Dec. 31, 2018
Dec. 31, 2016
Revenues        
Total revenues   $ 14,159,000   $ 70,181,000
Expenses        
Cost of Goods and Services Sold   53,930,000   94,632,000
Impairment loss   35,100,000 $ 0 26,500,000
Transaction costs     2,000,000  
Operating income (loss)   (39,771,000)   (24,451,000)
Interest expense $ (19,270,340)   (37,900,000)  
Related party interest expense     (700,000)  
Income tax expense 0 500,000 0 900,000
Predecessor        
Expenses        
Impairment loss   35,100,000   26,500,000
Transaction costs   68,200,000    
Interest expense   (51,700,000.0)   (78,200,000)
Equity in income from unconsolidated joint ventures   1,074,000   1,533,000
Rangers Sub I, LLC        
Revenues        
Related party lease revenue 81,259,000   217,597,000  
Total revenues 81,259,000   217,597,000  
Expenses        
Management and franchise fee expense 0   0  
Depreciation and amortization 28,965,000   78,491,000  
Impairment loss 0   0  
Property tax, insurance and other 17,062,000   53,754,000  
General and administrative 1,019,000   1,056,000  
Transaction costs 4,193,000   2,186,000  
Total operating expenses 51,239,000   135,487,000  
Other income 0   113,000  
Interest income 10,000   311,000  
Interest expense (19,270,000)   (37,930,000)  
Related party interest expense 0   (708,000)  
Gain (loss) on sale of hotel properties, net (6,637,000)   18,423,000  
Gain (loss) on extinguishment of indebtedness, net 0   11,266,000  
Income (loss) before equity in income from unconsolidated joint ventures 4,123,000   73,585,000  
Equity in income from unconsolidated joint ventures 661,000   1,395,000  
Income (loss) before income tax expense 4,784,000   74,980,000  
Income tax expense 0   0  
Income (loss) from continuing operations 4,784,000   74,980,000  
Loss from discontinued operations 0   0  
Net income (loss) and comprehensive income (loss) 4,784,000   74,980,000  
Net (income) loss attributable to noncontrolling interests:        
Noncontrolling interest in consolidated joint ventures (157,000)   (159,000)  
Noncontrolling interest in FelCor LP (41,000)   (733,000)  
Preferred distributions - consolidated joint venture (496,000)   (1,483,000)  
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 4,090,000   72,605,000  
Preferred dividends 0   0  
Net income (loss) and comprehensive income (loss) attributable to ownership interests/common shareholders 4,090,000   72,605,000  
Rangers Sub I, LLC | Predecessor        
Revenues        
Related party lease revenue   0   0
Total revenues   551,515,000   866,954,000
Expenses        
Management and franchise fee expense   19,901,000   32,935,000
Depreciation and amortization   73,065,000   114,054,000
Impairment loss   35,109,000   26,459,000
Property tax, insurance and other   44,278,000   70,057,000
General and administrative   16,006,000   27,037,000
Transaction costs   68,248,000   0
Total operating expenses   589,075,000   788,772,000
Other income   100,000   342,000
Interest income   126,000   62,000
Interest expense   (51,690,000)   (78,244,000)
Related party interest expense   0   0
Gain (loss) on sale of hotel properties, net   (1,764,000)   6,322,000
Gain (loss) on extinguishment of indebtedness, net   (3,278,000)   0
Income (loss) before equity in income from unconsolidated joint ventures   (94,066,000)   6,664,000
Equity in income from unconsolidated joint ventures   1,074,000   1,533,000
Income (loss) before income tax expense   (92,992,000)   8,197,000
Income tax expense   (499,000)   (873,000)
Income (loss) from continuing operations   (93,491,000)   7,324,000
Loss from discontinued operations   (3,415,000)   (3,131,000)
Net income (loss) and comprehensive income (loss)   (96,906,000)   4,193,000
Net (income) loss attributable to noncontrolling interests:        
Noncontrolling interest in consolidated joint ventures   545,000   673,000
Noncontrolling interest in FelCor LP   495,000   93,000
Preferred distributions - consolidated joint venture   (979,000)   (1,461,000)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent   (96,845,000)   3,498,000
Preferred dividends   (16,744,000)   (25,115,000)
Net income (loss) and comprehensive income (loss) attributable to ownership interests/common shareholders   $ (113,589,000)   $ (21,617,000)
Basic and diluted per common share data:        
Income (Loss) from Continuing Operations, Per Basic and Diluted Share   $ (0.80)   $ (0.13)
Earnings Per Share, Basic and Diluted   $ (0.83)   $ (0.16)
Weighted Average Number of Shares Outstanding, Basic and Diluted   137,331,743   138,128,165
Diluted per common share data:        
Weighted-average number of common shares (in shares)   137,331,743   138,128,165
Amounts attributable to the Company's common shareholders:        
Income from operations   $ (93,445,000)   $ 6,616,000
FelCor Lodging LP        
Revenues        
Related party lease revenue 81,259,000   217,597,000  
Total revenues 81,259,000   217,597,000  
Expenses        
Management and franchise fee expense 0   0  
Depreciation and amortization 28,965,000   78,491,000  
Impairment loss 0   0  
Property tax, insurance and other 17,062,000   53,754,000  
General and administrative 1,019,000   1,056,000  
Transaction costs 4,193,000   2,186,000  
Total operating expenses 51,239,000   135,487,000  
Other income 0   113,000  
Interest income 10,000   311,000  
Interest expense (19,270,000)   (37,930,000)  
Related party interest expense 0   (708,000)  
Gain (loss) on sale of hotel properties, net (6,637,000)   18,423,000  
Gain (loss) on extinguishment of indebtedness, net 0   11,266,000  
Income (loss) before equity in income from unconsolidated joint ventures 4,123,000   73,585,000  
Equity in income from unconsolidated joint ventures 661,000   1,395,000  
Income (loss) before income tax expense 4,784,000   74,980,000  
Income tax expense 0   0  
Income (loss) from continuing operations 4,784,000   74,980,000  
Loss from discontinued operations 0   0  
Net income (loss) and comprehensive income (loss) 4,784,000   74,980,000  
Net (income) loss attributable to noncontrolling interests:        
Noncontrolling interest in consolidated joint ventures (157,000)   (159,000)  
Preferred distributions - consolidated joint venture (496,000)   (1,483,000)  
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 4,131,000   73,338,000  
Preferred dividends 0   0  
Net income (loss) and comprehensive income (loss) attributable to ownership interests/common shareholders 4,131,000   73,338,000  
FelCor Lodging LP | Predecessor        
Revenues        
Related party lease revenue   0   0
Total revenues   551,515,000   866,954,000
Expenses        
Management and franchise fee expense   19,901,000   32,935,000
Depreciation and amortization   73,065,000   114,054,000
Impairment loss   35,109,000   26,459,000
Property tax, insurance and other   44,278,000   70,057,000
General and administrative   16,006,000   27,037,000
Transaction costs   68,248,000   0
Total operating expenses   589,075,000   788,772,000
Other income   100,000   342,000
Interest income   126,000   62,000
Interest expense   (51,690,000)   (78,244,000)
Related party interest expense   0   0
Gain (loss) on sale of hotel properties, net   (1,764,000)   6,322,000
Gain (loss) on extinguishment of indebtedness, net   (3,278,000)   0
Income (loss) before equity in income from unconsolidated joint ventures   (94,066,000)   6,664,000
Equity in income from unconsolidated joint ventures   1,074,000   1,533,000
Income (loss) before income tax expense   (92,992,000)   8,197,000
Income tax expense   (499,000)   (873,000)
Income (loss) from continuing operations   (93,491,000)   7,324,000
Loss from discontinued operations   (3,415,000)   (3,131,000)
Net income (loss) and comprehensive income (loss)   (96,906,000)   4,193,000
Net (income) loss attributable to noncontrolling interests:        
Noncontrolling interest in consolidated joint ventures   545,000   673,000
Preferred distributions - consolidated joint venture   (979,000)   (1,461,000)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent   (97,340,000)   3,405,000
Preferred dividends   (16,744,000)   (25,115,000)
Net income (loss) and comprehensive income (loss) attributable to ownership interests/common shareholders   $ (114,084,000)   $ (21,710,000)
Basic and diluted per common share data:        
Income (Loss) from Continuing Operations, Per Basic and Diluted Share   $ (0.80)   $ (0.13)
Earnings Per Share, Basic and Diluted   $ (0.83)   $ (0.16)
Weighted Average Number of Shares Outstanding, Basic and Diluted   137,941,926   138,739,214
Diluted per common share data:        
Weighted-average number of common shares (in shares)   137,941,926   138,739,214
Amounts attributable to the Company's common shareholders:        
Income from operations   $ (93,925,000)   $ 6,536,000
Occupancy [Member] | Rangers Sub I, LLC        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 0   0  
Expenses        
Cost of Goods and Services Sold 0   0  
Occupancy [Member] | Rangers Sub I, LLC | Predecessor        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax   425,682,000   661,640,000
Expenses        
Cost of Goods and Services Sold   112,813,000   171,883,000
Occupancy [Member] | FelCor Lodging LP        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 0   0  
Expenses        
Cost of Goods and Services Sold 0   0  
Occupancy [Member] | FelCor Lodging LP | Predecessor        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax   425,682,000   661,640,000
Expenses        
Cost of Goods and Services Sold   112,813,000   171,883,000
Food and Beverage [Member] | Rangers Sub I, LLC        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 0   0  
Expenses        
Cost of Goods and Services Sold 0   0  
Food and Beverage [Member] | Rangers Sub I, LLC | Predecessor        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax   90,572,000   155,227,000
Expenses        
Cost of Goods and Services Sold   71,828,000   119,047,000
Food and Beverage [Member] | FelCor Lodging LP        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 0   0  
Expenses        
Cost of Goods and Services Sold 0   0  
Food and Beverage [Member] | FelCor Lodging LP | Predecessor        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax   90,572,000   155,227,000
Expenses        
Cost of Goods and Services Sold   71,828,000   119,047,000
Hotel, Other [Member] | Rangers Sub I, LLC        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 0   0  
Expenses        
Cost of Goods and Services Sold 0   0  
Hotel, Other [Member] | Rangers Sub I, LLC | Predecessor        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax   35,261,000   50,087,000
Expenses        
Cost of Goods and Services Sold   147,827,000   227,300,000
Hotel, Other [Member] | FelCor Lodging LP        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 0   0  
Expenses        
Cost of Goods and Services Sold 0   0  
Hotel, Other [Member] | FelCor Lodging LP | Predecessor        
Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax   35,261,000   50,087,000
Expenses        
Cost of Goods and Services Sold   147,827,000   227,300,000
Hotel [Member] | Rangers Sub I, LLC        
Expenses        
Cost of Goods and Services Sold 0   0  
Hotel [Member] | Rangers Sub I, LLC | Predecessor        
Expenses        
Cost of Goods and Services Sold   352,369,000   551,165,000
Hotel [Member] | FelCor Lodging LP        
Expenses        
Cost of Goods and Services Sold $ 0   $ 0  
Hotel [Member] | FelCor Lodging LP | Predecessor        
Expenses        
Cost of Goods and Services Sold   $ 352,369,000   $ 551,165,000