XML 63 R50.htm IDEA: XBRL DOCUMENT v3.19.2
FelCor LP's Consolidating Financial Information - Condensed Consolidating Statement of Operations and Comprehensive Loss (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue        
Related party lease revenue $ 56,221   $ 106,142  
Expense        
Interest expense (8,300) $ (8,600) (15,500) $ (21,800)
Equity in income from unconsolidated joint ventures 428 611 535 727
FelCor Lodging LP        
Revenue        
Related party lease revenue 56,221 60,650 106,142 114,200
Total revenues 56,221 60,650 106,142 114,200
Expense        
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 (Loss) from consolidated entities 0 0 0 0
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
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Nonredeemable (100) (42) 4 34
Preferred distributions - consolidated joint venture   (369) (186) (735)
Redemption of preferred capital - consolidated joint venture 0 0 (1,153) 0
Net Income (Loss) Attributable to Parent (3,198) 16,700 7,858 22,851
FelCor Lodging LP | Eliminations        
Revenue        
Related party lease revenue 0 0 0 0
Total revenues 0 0 0 0
Expense        
Depreciation and amortization 0 0 0 0
Property tax, insurance and other 0 0 0 0
General and administrative 0 0 0 0
Transaction costs 0 0 0 0
Total operating expenses 0 0 0 0
Other income 0 0 0 0
Interest income (195) (78) (389) (156)
Interest expense 195 78 389 156
Interest Expense, Related Party 0   0  
(Loss) gain on sale of hotel properties, net 0 0 0 0
Gain on extinguishment of indebtedness   0   0
Income (loss) before equity in income from unconsolidated joint ventures 0 0 0 0
Equity in Income (Loss) from consolidated entities (2,436) (23,034) (19,671) (28,756)
Equity in income from unconsolidated joint ventures 0 0 0 0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (2,436) (23,034) (19,671) (28,756)
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Nonredeemable 0 0 0 0
Preferred distributions - consolidated joint venture   0 0 0
Redemption of preferred capital - consolidated joint venture     0  
Net Income (Loss) Attributable to Parent (2,436) (23,034) (19,671) (28,756)
FelCor Lodging LP | Parent Company        
Revenue        
Related party lease revenue 0 0 0 0
Total revenues 0 0 0 0
Expense        
Depreciation and amortization 120 114 234 228
Property tax, insurance and other 41 61 68 103
General and administrative 190 492 574 973
Transaction costs (31) 474 64 1,983
Total operating expenses 320 1,141 940 3,287
Other income 0 2 39 10
Interest income 202 131 441 239
Interest expense (5,944) (5,944) (11,888) (16,530)
Interest Expense, Related Party 0   0  
(Loss) gain on sale of hotel properties, net 0 0 0 0
Gain on extinguishment of indebtedness   7   12,936
Income (loss) before equity in income from unconsolidated joint ventures (6,062) (6,945) (12,348) (6,632)
Equity in Income (Loss) from consolidated entities 2,436 23,034 19,671 28,756
Equity in income from unconsolidated joint ventures 428 611 535 727
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (3,198) 16,700 7,858 22,851
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Nonredeemable 0 0 0 0
Preferred distributions - consolidated joint venture   0 0 0
Redemption of preferred capital - consolidated joint venture     0  
Net Income (Loss) Attributable to Parent (3,198) 16,700 7,858 22,851
FelCor Lodging LP | Subsidiary Guarantors        
Revenue        
Related party lease revenue 22,674 23,833 40,946 42,685
Total revenues 22,674 23,833 40,946 42,685
Expense        
Depreciation and amortization 6,818 8,361 13,583 17,113
Property tax, insurance and other 5,091 7,228 9,997 14,713
General and administrative 66 15 87 55
Transaction costs (8) 92 0 101
Total operating expenses 11,967 15,696 23,667 31,982
Other income 0 0 10 0
Interest income 0 0 0 0
Interest expense (265) 0 (265) 0
Interest Expense, Related Party 0   0  
(Loss) gain on sale of hotel properties, net (10,631) (17) (10,631) (9,415)
Gain on extinguishment of indebtedness   0   0
Income (loss) before equity in income from unconsolidated joint ventures (189) 8,120 6,393 1,288
Equity in Income (Loss) from consolidated entities 0 0 0 0
Equity in income from unconsolidated joint ventures 0 0 0 0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (189) 8,120 6,393 1,288
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Nonredeemable 0 0 0 0
Preferred distributions - consolidated joint venture   0 0 0
Redemption of preferred capital - consolidated joint venture     0  
Net Income (Loss) Attributable to Parent (189) 8,120 6,393 1,288
FelCor Lodging LP | Non-Guarantor Subsidiaries        
Revenue        
Related party lease revenue 33,547 36,817 65,196 71,515
Total revenues 33,547 36,817 65,196 71,515
Expense        
Depreciation and amortization 11,356 12,017 22,771 23,863
Property tax, insurance and other 5,450 6,767 11,025 14,071
General and administrative 13 44 22 131
Transaction costs (103) 81 46 91
Total operating expenses 16,716 18,909 33,864 38,156
Other income 2 100 1 100
Interest income 58 0 109 0
Interest expense (2,244) (2,742) (3,741) (5,381)
Interest Expense, Related Party (1,171)   (2,337)  
(Loss) gain on sale of hotel properties, net (10,751) 59 (10,751) 91
Gain on extinguishment of indebtedness   0   0
Income (loss) before equity in income from unconsolidated joint ventures 2,725 15,325 14,613 28,169
Equity in Income (Loss) from consolidated entities 0 0 0 0
Equity in income from unconsolidated joint ventures 0 0 0 0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 2,725 15,325 14,613 28,169
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Nonredeemable (100) (42) 4 34
Preferred distributions - consolidated joint venture   (369) (186) (735)
Redemption of preferred capital - consolidated joint venture     (1,153)  
Net Income (Loss) Attributable to Parent $ 2,625 $ 14,914 $ 13,278 $ 27,468