XML 69 R34.htm IDEA: XBRL DOCUMENT v3.3.0.814
Hotel Dispositions (Tables)
 9 Months Ended
Sep. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups
The following table includes condensed financial information primarily related to 12 of 13 hotels sold in 2014 (the remaining hotel was held for sale as of December 31, 2013) and eight hotels sold during the nine months ended September 30, 2015 (in thousands):

 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2015
 
2014
 
2015
 
2014
Hotel operating revenue
$
2,890

 
 
$
32,952

 
 
$
32,150

 
 
$
135,918

Operating expenses
(2,396
)
 
 
(30,633
)
 
 
(26,016
)
 
 
(130,856
)
Operating income
494

 
 
2,319

 
 
6,134

 
 
5,062

Interest expense, net
—

 
 
(575
)
 
 
(1,031
)
 
 
(1,854
)
Debt extinguishment
—

 
 
(914
)
 
 
(309
)
 
 
(932
)
Gain on sale of investment in unconsolidated entities, net
—

 
 
30,184

 
 
—

 
 
30,184

Equity in income from unconsolidated entities
14

 
 
690

 
 
7,111

 
 
3,209

Income from continuing operations
508

 
 
31,704

 
 
11,905

 
 
35,669

Gain on sale of hotels, net (a)
3,154

 
 
29,556

 
 
19,491

 
 
50,639

Net income
3,662

 
 
61,260

 
 
31,396

 
 
86,308

Net loss (income) attributable to noncontrolling interests in other partnerships
45

 
 
(838
)
 
 
(5,146
)
 
 
(1,333
)
Net income attributable to redeemable noncontrolling interests in FelCor LP
(16
)
 
 
(290
)
 
 
(110
)
 
 
(408
)
Net income attributable to FelCor
$
3,691

 
 
$
60,132

 
 
$
26,140

 
 
$
84,567




(a)
We recorded a $24.4 million gain from foreign currency translation (which we had previously recorded in accumulated other comprehensive income) when we sold our remaining Canadian hotel in the third quarter of 2014, which substantially liquidated all of our foreign investments.