FelCor LP's Consolidating Financial Information (Tables) (FelCor Lodging LP [Member])

12 Months Ended

Dec. 31, 2012

FelCor Lodging LP [Member]

Condensed Financial Statements, Captions [Line Items]

CONSOLIDATING BALANCE SHEET

December 31, 2012

(in thousands



	FelCor LP			Subsidiary Guarantors			Non-Guarantor Subsidiaries		Eliminations			Total Consolidated
Net investment in hotels	$	66,945		$	904,487		$	823,132	$	—		$	1,794,564
Hotel development	—			—			146,079		—			146,079
Equity investment in consolidated entities	1,551,377			—			—		(1,551,377		)	—
Investment in unconsolidated entities	42,508			11,173			1,401		—			55,082
Cash and cash equivalents	8,312			30,425			7,008		—			45,745
Restricted cash	—			9,186			68,741		—			77,927
Accounts receivable, net	96			24,432			855		—			25,383
Deferred expenses, net	22,657			—			11,605		—			34,262
Other assets	8,122			9,987			5,282		—			23,391

Total assets	$	1,700,017		$	989,690		$	1,064,103	$	(1,551,377	)	$	2,202,433

Debt	$	1,273,587		$	—		$	356,938	$	—		$	1,630,525
Distributions payable	8,545			—			—		—			8,545
Accrued expenses and other liabilities	20,316			95,803			22,323		—			138,442

Total liabilities	1,302,448			95,803			379,261		—			1,777,512

Redeemable units, at redemption value	2,902			—			—		—			2,902

Preferred units	478,774			—			—		—			478,774
Common units	(84,107		)	868,011			657,215		(1,551,377		)	(110,258		)
Accumulated other comprehensive income	—			26,151			—		—			26,151
Total FelCor LP partners’ capital	394,667			894,162			657,215		(1,551,377		)	394,667
Noncontrolling interests	—			(275		)	27,627		—			27,352
Total partners’ capital	394,667			893,887			684,842		(1,551,377		)	422,019
Total liabilities and partners’ capital	$	1,700,017		$	989,690		$	1,064,103	$	(1,551,377	)	$	2,202,433


25.	FelCor LP's Consolidating Financial Information — (continued)

FELCOR LODGING LIMITED PARTNERSHIP

CONSOLIDATING BALANCE SHEET

December 31, 2011

(in thousands)



	FelCor LP		Subsidiary Guarantors			Non-Guarantor Subsidiaries		Eliminations			Total Consolidated
Net investment in hotels	$	67,828	$	805,280		$	1,080,687	$	—		$	1,953,795
Hotel development	—		—			120,163		—			120,163
Equity investment in consolidated entities	1,478,347		—			—		(1,478,347		)	—
Investment in unconsolidated entities	56,492		12,063			1,447		—			70,002
Cash and cash equivalents	23,503		67,001			3,254		—			93,758
Restricted cash	—		11,514			72,726		—			84,240
Accounts receivable, net	540		26,357			238		—			27,135
Deferred expenses, net	24,101		—			5,671		—			29,772
Other assets	8,507		10,817			5,039		—			24,363

Total assets	$	1,659,318	$	933,032		$	1,289,225	$	(1,478,347	)	$	2,403,228

Debt	$	984,931	$	—		$	611,535	$	—		$	1,596,466
Distributions payable	76,293		—			—		—			76,293
Accrued expenses and other liabilities	33,530		98,127			8,891		—			140,548

Total liabilities	1,094,754		98,127			620,426		—			1,813,307

Redeemable units, at redemption value	3,026		—			—		—			3,026

Preferred units	478,774		—			—		—			478,774
Common units	82,764		810,554			641,945		(1,478,347		)	56,916
Accumulated other comprehensive income	—		25,848			—		—			25,848
Total FelCor LP partners’ capital	561,538		836,402			641,945		(1,478,347		)	561,538
Noncontrolling interests	—		(1,497		)	26,854		—			25,357
Total partners’ capital	561,538		834,905			668,799		(1,478,347		)	586,895
Total liabilities and partners’ capital	$	1,659,318	$	933,032		$	1,289,225	$	(1,478,347	)	$	2,403,228

Schedule of Condensed Statement of Operations

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Year Ended December 31, 2012

(in thousands)



	FelCor LP			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Revenues:
Hotel operating revenue	$	—		$	906,340		$	—		$	—		$	906,340
Percentage lease revenue	5,160			—			121,501			(126,661		)	—
Other revenue	21			2,752			412			—			3,185
Total revenue	5,181			909,092			121,913			(126,661		)	909,525

Expenses:
Hotel operating expenses	—			620,620			—			—			620,620
Taxes, insurance and lease expense	1,424			200,122			19,409			(126,661		)	94,294
Corporate expenses	533			14,746			10,849			—			26,128
Depreciation and amortization	4,778			50,069			69,032			—			123,879
Conversion expenses	487			14,210			16,500						31,197
Other expenses	685			3,512			658			—			4,855
Total operating expenses	7,907			903,279			116,448			(126,661		)	900,973
Operating income	(2,726		)	5,813			5,465			—			8,552
Interest expense, net	(86,617		)	(1,227		)	(37,502		)	—			(125,346		)
Debt extinguishment	(55,056		)	—			(19,271		)	—			(74,327		)
Loss before equity in income from unconsolidated entities	(144,399		)	4,586			(51,308		)	—			(191,121		)
Equity in income from consolidated entities	13,038			—			—			(13,038		)	—
Equity in income from unconsolidated entities	2,589			236			(46		)	—			2,779
Loss from continuing operations	(128,772		)	4,822			(51,354		)	(13,038		)	(188,342		)
Income from discontinued operations	(77		)	6,195			52,810			—			58,928
Net loss	(128,849		)	11,017			1,456			(13,038		)	(129,414		)
Loss attributable to noncontrolling interests	—			779			(214		)	—			565
Net loss attributable to FelCor LP	(128,849		)	11,796			1,242			(13,038		)	(128,849		)
Preferred distributions	(38,713		)	—			—			—			(38,713		)
Net loss attributable to FelCor LP common unitholders	$	(167,562	)	$	11,796		$	1,242		$	(13,038	)	$	(167,562	)


25.	FelCor LP's Consolidating Financial Information — (continued)

FELCOR LODGING LIMITED PARTNERSHIP

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Year Ended December 31, 2011

(in thousands)



	FelCor LP			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Revenues:
Hotel operating revenue	$	—		$	852,202		$	—		$	—		$	852,202
Percentage lease revenue	4,787			—			110,711			(115,498		)	—
Other revenue	10			2,593			346			—			2,949
Total revenue	4,797			854,795			111,057			(115,498		)	855,151

Expenses:
Hotel operating expenses	—			588,213			—			—			588,213
Taxes, insurance and lease expense	1,593			180,175			18,684			(115,498		)	84,954
Corporate expenses	291			15,394			13,395			—			29,080
Depreciation and amortization	4,590			45,478			68,164			—			118,232
Impairment loss	—			4,315			—			—			4,315
Other expenses	122			3,674			221			—			4,017
Total operating expenses	6,596			837,249			100,464			(115,498		)	828,811
Operating income	(1,799		)	17,546			10,593			—			26,340
Interest expense, net	(90,543		)	(2,433		)	(37,447		)	—			(130,423		)
Debt extinguishment	(27,354		)	—			(309		)	—			(27,663		)
Gain on involuntary conversion, net	(21		)	316			(3		)	—			292
Loss before equity in loss from unconsolidated entities	(119,717		)	15,429			(27,166		)	—			(131,454		)
Equity in loss from consolidated entities	(10,099		)	—			—			10,099			—
Equity in loss from unconsolidated entities	(1,590		)	(432		)	(46		)	—			(2,068		)
Loss from continuing operations	(131,406		)	14,997			(27,212		)	10,099			(133,522		)
Income from discontinued operations	863			(13,087		)	14,851			—			2,627
Net loss	(130,543		)	1,910			(12,361		)	10,099			(130,895		)
Loss attributable to noncontrolling interests	—			367			(15		)	—			352
Net loss attributable to FelCor LP	(130,543		)	2,277			(12,376		)	10,099			(130,543		)
Preferred distributions	(38,713		)	—			—			—			(38,713		)
Net loss attributable to FelCor LP common unitholders	$	(169,256	)	$	2,277		$	(12,376	)	$	10,099		$	(169,256	)


25.	FelCor LP's Consolidating Financial Information — (continued)

FELCOR LODGING LIMITED PARTNERSHIP

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

For the Year Ended December 31, 2010

(in thousands)



	FelCor LP			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Revenues:
Hotel operating revenue	$	—		$	773,704		$	—		$	—		$	773,704
Percentage lease revenue	8,454			—			140,748			(149,202		)	—
Other revenue	4			2,846			324			—			3,174
Total revenue	8,458			776,550			141,072			(149,202		)	776,878
Expenses:
Hotel operating expenses	—			532,718			—			—			532,718
Taxes, insurance and lease expense	1,313			211,443			18,870			(149,202		)	82,424
Corporate expenses	797			16,299			13,651			—			30,747
Depreciation and amortization	5,769			41,490			69,180			—			116,439
Impairment loss	—			22,994			29,593			—			52,587
Other expenses	17			3,678			(415		)	—			3,280
Total operating expenses	7,896			828,622			130,879			(149,202		)	818,195
Operating loss	562			(52,072		)	10,193			—			(41,317		)
Interest expense, net	(81,430		)	(4,633		)	(45,891		)	—			(131,954		)
Debt extinguishment	(1,658		)	46,574			(316		)	—			44,600
Loss before equity in income from unconsolidated entities	(82,526		)	(10,131		)	(36,014		)	—			(128,671		)
Equity in loss from consolidated entities	(152,326		)	—			—			152,326			—
Equity in income from unconsolidated entities	17,218			(618		)	316			—			16,916
Loss from continuing operations	(217,634		)	(10,749		)	(35,698		)	152,326			(111,755		)
Loss from discontinued operations	(6,288		)	(15,910		)	(91,884		)	—			(114,082		)
Net loss	(223,922		)	(26,659		)	(127,582		)	152,326			(225,837		)
Loss attributable to noncontrolling interests	—			1,134			781			—			1,915
Net loss attributable to FelCor LP	(223,922		)	(25,525		)	(126,801		)	152,326			(223,922		)
Preferred distributions	(38,713		)	—			—			—			(38,713		)
Net loss attributable to FelCor LP common unitholders	$	(262,635	)	$	(25,525	)	$	(126,801	)	$	152,326		$	(262,635	)

Schedule of Condensed Statement of Comprehensive Income (Loss)

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS

For the Year Ended December 31, 2012

(in thousands)



	FelCor LP			Subsidiary Guarantors		Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Net loss	$	(128,849	)	$	11,017	$	1,456		$	(13,038	)	$	(129,414	)
Foreign currency translation adjustment	—			303		—			—			303
Comprehensive loss	(128,849		)	11,320		1,456			(13,038		)	(129,111		)
Comprehensive loss attributable to noncontrolling interests	—			779		(214		)	—			565
Comprehensive loss attributable to FelCor LP	$	(128,849	)	$	12,099	$	1,242		$	(13,038	)	$	(128,546	)

FELCOR LODGING LIMITED PARTNERSHIP

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS

For the Year Ended December 31, 2011

(in thousands)



	FelCor LP			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations		Total Consolidated
Net loss	$	(130,543	)	$	1,910		$	(12,361	)	$	10,099	$	(130,895	)
Foreign currency translation adjustment	—			(726		)	—			—		(726		)
Comprehensive loss	(130,543		)	1,184			(12,361		)	10,099		(131,621		)
Comprehensive loss attributable to noncontrolling interests	—			367			(15		)	—		352
Comprehensive loss attributable to FelCor LP	$	(130,543	)	$	1,551		$	(12,376	)	$	10,099	$	(131,269	)


25.	FelCor LP's Consolidating Financial Information — (continued)

FELCOR LODGING LIMITED PARTNERSHIP

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE LOSS

For the Year Ended December 31, 2010

(in thousands)



	FelCor LP			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations		Total Consolidated
Net loss	$	(223,922	)	$	(26,659	)	$	(127,582	)	$	152,326	$	(225,837	)
Foreign currency translation adjustment	—			2,937			—			—		2,937
Comprehensive loss	(223,922		)	(23,722		)	(127,582		)	152,326		(222,900		)
Comprehensive loss attributable to noncontrolling interests	—			1,134			781			—		1,915
Comprehensive loss attributable to FelCor LP	$	(223,922	)	$	(22,588	)	$	(126,801	)	$	152,326	$	(220,985	)

Schedule of Condensed Cash Flow Statement

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Year Ended December 31, 2012

(in thousands)



	FelCor LP			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Operating activities:
Cash flows from operating activities	$	(82,558	)	$	51,666		$	78,201		$	—		$	47,309
Investing activities:
Improvements and additions to hotels	(7,459		)	(72,307		)	(41,709		)	—			(121,475		)
Hotel development	—			—			(24,849		)	—			(24,849		)
Net proceeds from asset dispositions	(14		)	22,714			174,913			—			197,613
Distributions from unconsolidated entities	13,539			—			—			—			13,539
Intercompany financing	(49,977		)	—			—			49,977			—
Other	—			2,019			4,294			—			6,313
Cash flows from investing activities	(43,911		)	(47,574		)	112,649			49,977			71,141
Financing activities:
Proceeds from borrowings	525,000			—			473,611			—			998,611
Repayment of borrowings	(299,542		)	—			(743,823		)	—			(1,043,365		)
Payment of deferred financing fees	(7,719		)	—			(10,151		)	—			(17,870		)
Distributions paid to preferred unitholders	(106,461		)	—			—			—			(106,461		)
Intercompany financing	—			(40,730		)	90,707			(49,977		)	—
Other	—			—			2,560			—			2,560
Cash flows from financing activities	111,278			(40,730		)	(187,096		)	(49,977		)	(166,525		)
Effect of exchange rate changes on cash	—			62			—			—			62
Change in cash and cash equivalents	(15,191		)	(36,576		)	3,754			—			(48,013		)
Cash and cash equivalents at beginning of period	23,503			67,001			3,254			—			93,758
Cash and cash equivalents at end of period	$	8,312		$	30,425		$	7,008		$	—		$	45,745

25. FelCor LP's Consolidating Financial Information — (continued)

FELCOR LODGING LIMITED PARTNERSHIP

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Year Ended December 31, 2011

(in thousands)



	FelCor LP			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Operating activities:
Cash flows from operating activities	$	(84,542	)	$	57,413		$	72,994		$	—		$	45,865
Investing activities:
Acquisition of hotels	—			(137,985		)	—			—			(137,985		)
Improvements and additions to hotels	(4,711		)	(39,311		)	(45,020		)	—			(89,042		)
Hotel development	—			—			(119,611		)	—			(119,611		)
Net proceeds from asset dispositions	14,132			36,263			82,379			—			132,774
Intercompany financing	(457,735		)	—			—			457,735			—
Other	1,588			(2,338		)	2,194			—			1,444
Cash flows from investing activities	(446,726		)	(143,371		)	(80,058		)	457,735			(212,420		)
Financing activities:
Proceeds from borrowings	525,000			—			562,285			—			1,087,285
Repayment of borrowings	(233,761		)	—			(902,061		)	—			(1,135,822		)
Payment of deferred financing fees	(14,081		)	—			(6,152		)	—			(20,233		)
Distributions paid to preferred unitholders	(38,713		)	—			—			—			(38,713		)
Net proceeds from common unit issuance	158,476			—			—			—			158,476
Contributions from noncontrolling interests	—			—			6,967			—			6,967
Intercompany financing	—			109,378			348,357			(457,735		)	—
Other	2,500			—			(1,053		)	—			1,447
Cash flows from financing activities	399,421			109,378			8,343			(457,735		)	59,407
Effect of exchange rate changes on cash	—			(66		)	—			—			(66		)
Change in cash and cash equivalents	(131,847		)	23,354			1,279			—			(107,214		)
Cash and cash equivalents at beginning of period	155,350			43,647			1,975			—			200,972
Cash and cash equivalents at end of period	$	23,503		$	67,001		$	3,254		$	—		$	93,758


25.	FelCor LP's Consolidating Financial Information — (continued)

FELCOR LODGING LIMITED PARTNERSHIP

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Year Ended December 31, 2010

(in thousands)



	FelCor LP			Subsidiary Guarantors			Non-Guarantor Subsidiaries			Eliminations			Total Consolidated
Operating activities:
Cash flows from operating activities	$	(64,668	)	$	20,644		$	102,836		$	—		$	58,812
Investing activities:
Acquisition of hotels	—			(97,513		)	—			—			(97,513		)
Improvements and additions to hotels	(546		)	(15,017		)	(23,373		)	—			(38,936		)
Change in restricted cash - investing	—			(2,286		)	(1,857		)	—			(4,143		)
Distributions from unconsolidated entities	46,084			—			—			—			46,084
Contributions to unconsolidated entities	(25,172		)	—			—			—			(25,172		)
Intercompany financing	(175,212		)	—			—			175,212			—
Other	—			492			(274		)	—			218
Cash flows from investing activities	(154,846		)	(114,324		)	(25,504		)	175,212			(119,462		)
Financing activities:
Proceeds from borrowings	29,000			—			212,171			—			241,171
Repayment of borrowings	(41,936		)	(132,478		)	(226,554		)	—			(400,968		)
Payment of deferred financing fees	(2,053		)	(10		)	(5,785		)	—			(7,848		)
Net proceeds from common unit issuance	166,327			—			—			—			166,327
Intercompany financing	—			231,583			(56,371		)	(175,212		)	—
Other	(1,000		)	1,016			(989		)	—			(973		)
Cash flows from financing activities	150,338			100,111			(77,528		)	(175,212		)	(2,291		)
Effect of exchange rate changes on cash	—			382			—			—			382
Change in cash and cash equivalents	(69,176		)	6,813			(196		)	—			(62,559		)
Cash and cash equivalents at beginning of period	224,526			36,834			2,171			—			263,531
Cash and cash equivalents at end of period	$	155,350		$	43,647		$	1,975		$	—		$	200,972