XML 64 R26.htm IDEA: XBRL DOCUMENT v3.2.0.727
Investment in Unconsolidated Entities (Tables)
6 Months Ended
Jun. 30, 2015
Investment in Unconsolidated Entities [Abstract]  
Schedule of Combined Balance Sheet Information of Unconsolidated Entities
The following table summarizes combined balance sheet information for our unconsolidated entities (in thousands):
 
June 30,
 
December 31,
 
2015
 
2014
Investment in hotels and other properties, net of accumulated depreciation
$
19,897

 
 
$
30,288

 
Total assets
$
33,760

 
 
$
45,374

 
Debt
$
23,121

 
 
$
34,192

 
Total liabilities
$
26,118

 
 
$
36,974

 
Equity
$
7,642

 
 
$
8,400

 
Schedule of Combined Statement of Operations Information of Unconsolidated Entities
The following table (which, among other things, reflects decreases attributable to the unwinding of our 10-hotel unconsolidated joint ventures in July 2014) sets forth summarized combined statement of operations information for our unconsolidated entities (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
Total revenues
$
10,410

 
$
22,327

 
$
16,979

 
$
36,945

Net income
$
21,519

 
$
6,462

 
$
22,069

 
$
8,678

Net income attributable to FelCor
$
10,760

 
$
3,231

 
$
11,035

 
$
4,339

Cost in excess of joint venture book value of sold hotel
(3,140
)
 

 
(3,140
)
 

Depreciation of cost in excess of book value
(107
)
 
(465
)
 
(233
)
 
(930
)
Equity in income from unconsolidated entities
$
7,513

 
$
2,766

 
$
7,662

 
$
3,409

Schedule of Components of Investment In Unconsolidated Entities
The following table summarizes the components of our investments in unconsolidated entities (in thousands):
 
June 30,
 
December 31,
 
2015
 
2014
Equity basis of hotel joint venture investments
$
(3,102
)
 
 
$
(3,265
)
 
Cost of hotel investments in excess of joint venture book value
7,522

 
 
10,895

 
Equity basis of land and condominium joint venture investments
6,923

 
 
7,465

 
Investment in unconsolidated entities
$
11,343

 
 
$
15,095

 
Schedule of Components of Equity In Income (Loss) from Unconsolidated Entities
The following table summarizes the components of our equity in income from unconsolidated entities (in thousands):
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2015
 
2014
 
2015
 
2014
Hotel investments
$
7,455

 
$
2,722

 
$
8,203

 
$
3,993

Other investments
58

 
44

 
(541
)
 
(584
)
Equity in income from unconsolidated entities
$
7,513

 
$
2,766

 
$
7,662

 
$
3,409