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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Related party lease revenue $ 46,392   $ 152,534  
Expenses        
Interest expense (8,200) $ (8,500) (23,700) $ (30,200)
Equity in income from unconsolidated joint ventures 30 218 565 945
Rangers Sub I, LLC        
Revenues        
Related party lease revenue 46,392 57,811 152,534 172,011
Total revenues 46,392 57,811 152,534 172,011
Expenses        
Depreciation and amortization 17,696 19,292 54,284 60,496
Property tax, insurance and other 10,327 13,947 31,416 42,834
General and administrative 278 (564) 961 595
Transaction costs 105 194 215 2,369
Total operating expenses 28,406 32,869 86,876 106,294
Other income 8 1 59 111
Interest income 79 70 239 153
Interest expense (8,201) (8,467) (23,706) (30,221)
Related party interest expense (1,138) 0 (3,475) 0
(Loss) gain on sale of hotel properties, net (91) 24,254 (21,474) 14,930
(Loss) gain on extinguishment of indebtedness, net 0 (1,656) 0 11,280
Income (loss) before equity in income from unconsolidated joint ventures 8,643 39,144 17,301 61,970
Equity in income from unconsolidated joint ventures 30 218 565 945
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 8,673 39,362 17,866 62,915
Net income attributable to noncontrolling interests:        
Noncontrolling interest in consolidated joint ventures (82) (52) (78) (18)
Noncontrolling interest in FelCor LP (85) (389) (164) (618)
Preferred distributions - consolidated joint venture 0 (374) (186) (1,109)
Redemption of preferred equity - consolidated joint venture 0 0 (1,153) 0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 8,506 38,547 16,285 61,170
FelCor Lodging LP        
Revenues        
Related party lease revenue 46,392 57,811 152,534 172,011
Total revenues 46,392 57,811 152,534 172,011
Expenses        
Depreciation and amortization 17,696 19,292 54,284 60,496
Property tax, insurance and other 10,327 13,947 31,416 42,834
General and administrative 278 (564) 961 595
Transaction costs 105 194 215 2,369
Total operating expenses 28,406 32,869 86,876 106,294
Other income 8 1 59 111
Interest income 79 70 239 153
Interest expense (8,201) (8,467) (23,706) (30,221)
Related party interest expense (1,138) 0 (3,475) 0
(Loss) gain on sale of hotel properties, net (91) 24,254 (21,474) 14,930
(Loss) gain on extinguishment of indebtedness, net 0 (1,656) 0 11,280
Income (loss) before equity in income from unconsolidated joint ventures 8,643 39,144 17,301 61,970
Equity in income from unconsolidated joint ventures 30 218 565 945
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 8,673 39,362 17,866 62,915
Net income attributable to noncontrolling interests:        
Noncontrolling interest in consolidated joint ventures (82) (52) (78) (18)
Preferred distributions - consolidated joint venture 0 (374) (186) (1,109)
Redemption of preferred equity - consolidated joint venture 0 0 (1,153) 0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ 8,591 $ 38,936 $ 16,449 $ 61,788