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Consolidated Statements of Operations and Comprehensive Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Related party lease revenue $ (5,182,000) $ 56,221,000 $ 20,436,000 $ 106,142,000
Expenses        
Interest expense (7,800,000) (8,300,000) (15,800,000) (15,500,000)
Related party interest expense (0.7)   (1.7)  
Loss on sale of hotel properties, net (42,000) (21,382,000) (42,000) (21,382,000)
Equity in (loss) income from unconsolidated joint ventures (958,000) 428,000 (409,000) 535,000
Rangers Sub I, LLC        
Revenues        
Related party lease revenue (5,182,000) 56,221,000 20,436,000 106,142,000
Total revenues (5,182,000) 56,221,000 20,436,000 106,142,000
Expenses        
Depreciation and amortization 18,757,000 18,294,000 37,284,000 36,588,000
Property tax, insurance and other 9,147,000 10,582,000 19,519,000 21,090,000
General and administrative 617,000 269,000 984,000 683,000
Transaction costs (1,000) (142,000) 10,000 110,000
Total operating expenses 28,520,000 29,003,000 57,797,000 58,471,000
Other income 0 2,000 1,000 50,000
Interest income 18,000 65,000 113,000 161,000
Interest expense (7,775,000) (8,258,000) (15,808,000) (15,505,000)
Related party interest expense (746,000) (1,171,000) (1,713,000) (2,337,000)
Income (loss) before equity in income from unconsolidated joint ventures (42,247,000) (3,526,000) (54,810,000) 8,658,000
Equity in (loss) income from unconsolidated joint ventures (958,000) 428,000 (409,000) 535,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (43,205,000) (3,098,000) (55,219,000) 9,193,000
Net loss (income) attributable to noncontrolling interests:        
Noncontrolling interest in consolidated joint ventures 101,000 (100,000) 151,000 4,000
Noncontrolling interest in FelCor LP 431,000 32,000 551,000 (79,000)
Preferred distributions - consolidated joint venture 0 0 0 (186,000)
Redemption of preferred equity - consolidated joint venture 0 0 0 (1,153,000)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent (42,673,000) (3,166,000) (54,517,000) 7,779,000
FelCor Lodging LP        
Revenues        
Related party lease revenue (5,182,000) 56,221,000 20,436,000 106,142,000
Total revenues (5,182,000) 56,221,000 20,436,000 106,142,000
Expenses        
Depreciation and amortization 18,757,000 18,294,000 37,284,000 36,588,000
Property tax, insurance and other 9,147,000 10,582,000 19,519,000 21,090,000
General and administrative 617,000 269,000 984,000 683,000
Transaction costs (1,000) (142,000) 10,000 110,000
Total operating expenses 28,520,000 29,003,000 57,797,000 58,471,000
Other income 0 2,000 1,000 50,000
Interest income 18,000 65,000 113,000 161,000
Interest expense (7,775,000) (8,258,000) (15,808,000) (15,505,000)
Related party interest expense (746,000) (1,171,000) (1,713,000) (2,337,000)
Loss on sale of hotel properties, net (42,000) (21,382,000) (42,000) (21,382,000)
Income (loss) before equity in income from unconsolidated joint ventures (42,247,000) (3,526,000) (54,810,000) 8,658,000
Equity in (loss) income from unconsolidated joint ventures (958,000) 428,000 (409,000) 535,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (43,205,000) (3,098,000) (55,219,000) 9,193,000
Net loss (income) attributable to noncontrolling interests:        
Noncontrolling interest in consolidated joint ventures 101,000 (100,000) 151,000 4,000
Preferred distributions - consolidated joint venture 0 0 0 (186,000)
Redemption of preferred equity - consolidated joint venture 0 0 0 (1,153,000)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ (43,104,000) $ (3,198,000) $ (55,068,000) $ 7,858,000