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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Related party lease revenue $ 56,221   $ 106,142  
Expenses        
Interest expense (8,300) $ (8,600) (15,500) $ (21,800)
Equity in income from unconsolidated joint ventures 428 611 535 727
Rangers Sub I, LLC        
Revenues        
Related party lease revenue 56,221 60,650 106,142 114,200
Total revenues 56,221 60,650 106,142 114,200
Expenses        
Depreciation and amortization 18,294 20,492 36,588 41,204
Property tax, insurance and other 10,582 14,056 21,090 28,887
General and administrative 269 551 683 1,159
Transaction costs (142) 647 110 2,175
Total operating expenses 29,003 35,746 58,471 73,425
Other income 2 102 50 110
Interest income 65 53 161 83
Interest expense (8,258) (8,608) (15,505) (21,755)
Interest Expense, Related Party (1,171) 0 (2,337) 0
(Loss) gain on sale of hotel properties, net (21,382) 42 (21,382) (9,324)
Gain on extinguishment of indebtedness 0 7 0 12,936
Income (loss) before equity in income from unconsolidated joint ventures (3,526) 16,500 8,658 22,825
Equity in income from unconsolidated joint ventures 428 611 535 727
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (3,098) 17,111 9,193 23,552
Net (income) loss attributable to noncontrolling interests:        
Noncontrolling interest in consolidated joint ventures (100) (42) 4 34
Noncontrolling interest in FelCor LP 32 (167) (79) (229)
Preferred distributions - consolidated joint venture 0 (369) (186) (735)
Redemption of preferred equity - consolidated joint venture 0 0 (1,153) 0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent (3,166) 16,533 7,779 22,622
FelCor Lodging LP        
Revenues        
Related party lease revenue 56,221 60,650 106,142 114,200
Total revenues 56,221 60,650 106,142 114,200
Expenses        
Depreciation and amortization 18,294 20,492 36,588 41,204
Property tax, insurance and other 10,582 14,056 21,090 28,887
General and administrative 269 551 683 1,159
Transaction costs (142) 647 110 2,175
Total operating expenses 29,003 35,746 58,471 73,425
Other income 2 102 50 110
Interest income 65 53 161 83
Interest expense (8,258) (8,608) (15,505) (21,755)
Interest Expense, Related Party (1,171) 0 (2,337) 0
(Loss) gain on sale of hotel properties, net (21,382) 42 (21,382) (9,324)
Gain on extinguishment of indebtedness 0 7 0 12,936
Income (loss) before equity in income from unconsolidated joint ventures (3,526) 16,500 8,658 22,825
Equity in income from unconsolidated joint ventures 428 611 535 727
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (3,098) 17,111 9,193 23,552
Net (income) loss attributable to noncontrolling interests:        
Noncontrolling interest in consolidated joint ventures (100) (42) 4 34
Preferred distributions - consolidated joint venture 0 (369) (186) (735)
Redemption of preferred equity - consolidated joint venture 0 0 (1,153) 0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ (3,198) $ 16,700 $ 7,858 $ 22,851