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Investment in Unconsolidated Entities
 12 Months Ended
Dec. 31, 2015
Investment in Unconsolidated Entities [Abstract]  
Investment in Unconsolidated Entities
Investment in Unconsolidated Entities
At December 31, 2015 and 2014, we owned 50% interests in joint ventures that owned two hotels and three hotels, respectively. We also own 50% interests in entities that own real estate in Myrtle Beach, South Carolina and provide condominium management services there. We account for our investments in these unconsolidated entities under the equity method. We consolidate all of our majority-owned subsidiaries in our financial statements. We make adjustments to our equity in income from unconsolidated entities related to the difference between our basis in investment in unconsolidated entities compared to the historical basis of the assets recorded by the joint ventures.
9.
Investment in Unconsolidated Entities — (continued)

The following table summarizes combined balance sheet information for our unconsolidated entities (in thousands):
 
December 31,
 
2015
 
2014
Investment in hotels and other properties, net of accumulated depreciation
$
23,047

 
$
30,288

Total assets
$
29,336

 
$
45,374

Debt
$
22,866

 
$
34,192

Total liabilities
$
24,844

 
$
36,974

Equity
$
4,492

 
$
8,400


Our unconsolidated entities’ debt at December 31, 2015 and 2014 consisted entirely of non-recourse mortgage debt.
In May 2015, one of our joint ventures sold a hotel, resulting in a $7.1 million gain that we include in our equity in income from unconsolidated entities. In connection with selling this hotel, the joint venture repaid the outstanding $10.5 million mortgage loan encumbering this hotel.
In September 2014, one of our other unconsolidated joint ventures refinanced its debt with a new $23.5 million loan maturing in October 2024.
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):
 
Year Ended December 31,
 
2015
 
2014
 
2013
Total revenues
$
32,591

 
$
59,453

 
$
70,697

Net income
$
22,799

 
$
12,561

 
$
12,892

Net income attributable to FelCor
$
11,400

 
$
6,281

 
$
6,446

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

 
$
—

Depreciation of cost in excess of book value
$
(427
)
 
$
(1,271
)
 
$
(1,860
)
Equity in income from unconsolidated entities
$
7,833

 
$
5,010

 
$
4,586


The following table summarizes the components of our investment in unconsolidated entities (in thousands):
 
December 31,
 
2015
 
2014
Equity basis of hotel joint venture investments
$
(4,216
)
 
$
(3,265
)
Cost of hotel investments in excess of joint venture book value
7,329

 
10,895

Equity basis of land and condominium joint venture investments
6,462

 
7,465

Investment in unconsolidated entities
$
9,575

 
$
15,095


The following table summarizes the components of our equity in income from unconsolidated entities (in thousands):
 
Year Ended December 31,
 
2015
 
2014
 
2013
Hotel investments
$
8,535

 
$
5,784

 
$
5,270

Other investments
(702
)
 
(774
)
 
(684
)
Equity in income from unconsolidated entities
$
7,833

 
$
5,010

 
$
4,586