XML 15 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Assets    
Investment in hotels, net of accumulated depreciation of $932,184 and $932,886 at June 30, 2017 and December 31, 2016, respectively $ 1,448,346 $ 1,566,823
Investment in unconsolidated entities 7,657 8,312
Hotels held for sale 77,937 0
Cash and cash equivalents 58,135 47,317
Restricted cash 24,199 19,491
Accounts receivable, net of allowance for doubtful accounts of $184 and $177 at June 30, 2017 and December 31, 2016, respectively 43,923 42,080
Deferred expenses, net of accumulated amortization of $3,895 and $2,959 at June 30, 2017 and December 31, 2016, respectively 3,591 4,527
Other assets 20,240 18,542
Total assets 1,684,028 1,707,092
Liabilities and Equity    
Debt, net of unamortized debt issuance costs of $14,803 and $15,967 at June 30, 2017 and December 31, 2016, respectively 1,360,071 1,338,326
Distributions payable 14,887 14,858
Accrued expenses and other liabilities 135,792 116,437
Total liabilities 1,510,750 1,469,621
Commitments and contingencies
Redeemable noncontrolling interests in FelCor LP, 610 units issued and outstanding at June 30, 2017 and December 31, 2016 4,400 4,888
Preferred stock, $0.01 par value, 20,000 shares authorized:    
Common stock, $0.01 par value, 200,000 shares authorized; 138,412 and 137,990 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively 1,384 1,380
Additional paid-in capital 2,580,539 2,576,988
Accumulated deficit (2,774,178) (2,706,408)
Total FelCor stockholders’ equity 117,082 181,297
Noncontrolling interests in other partnerships 7,365 7,503
Preferred equity in consolidated joint venture, liquidation value of $45,373 and $44,667 at June 30, 2017 and December 31, 2016, respectively 44,431 43,783
Total equity 168,878 232,583
Total liabilities and equity 1,684,028 1,707,092
FelCor Lodging LP [Member]    
Assets    
Investment in hotels, net of accumulated depreciation of $932,184 and $932,886 at June 30, 2017 and December 31, 2016, respectively 1,448,346 1,566,823
Investment in unconsolidated entities 7,657 8,312
Hotels held for sale 77,937 0
Cash and cash equivalents 58,135 47,317
Restricted cash 24,199 19,491
Accounts receivable, net of allowance for doubtful accounts of $184 and $177 at June 30, 2017 and December 31, 2016, respectively 43,923 42,080
Deferred expenses, net of accumulated amortization of $3,895 and $2,959 at June 30, 2017 and December 31, 2016, respectively 3,591 4,527
Other assets 20,240 18,542
Total assets 1,684,028 1,707,092
Liabilities and Equity    
Debt, net of unamortized debt issuance costs of $14,803 and $15,967 at June 30, 2017 and December 31, 2016, respectively 1,360,071 1,338,326
Distributions payable 14,887 14,858
Accrued expenses and other liabilities 135,792 116,437
Total liabilities 1,510,750 1,469,621
Commitments and contingencies
Redeemable noncontrolling interests in FelCor LP, 610 units issued and outstanding at June 30, 2017 and December 31, 2016 4,400 4,888
Preferred stock, $0.01 par value, 20,000 shares authorized:    
Preferred equity in consolidated joint venture, liquidation value of $45,373 and $44,667 at June 30, 2017 and December 31, 2016, respectively 44,431 43,783
Total liabilities and equity 1,684,028 1,707,092
Preferred Units, Preferred Partners' Capital Account [Abstract]    
Preferred Units, Contributed Capital 309,337 309,337
Common units, 138,412 and 137,990 units issued and outstanding at June 30, 2017 and December 31, 2016, respectively (192,255) (128,040)
Total FelCor LP partners’ capital 117,082 181,297
Noncontrolling interests 7,365 7,503
Preferred capital in consolidated joint venture 44,431 43,783
Total partners’ capital 168,878 232,583
FelCor Lodging LP [Member] | Series A Cumulative Convertible Preferred Units, 12,879 units issued and outstanding at June 30, 2017 and December 31, 2016    
Preferred Units, Preferred Partners' Capital Account [Abstract]    
Preferred Units, Contributed Capital 309,337 309,337
Series A Cumulative Convertible Preferred Stock, 12,879 shares, liquidation value of $321,987, issued and outstanding at June 30, 2017 and December 31, 2016    
Preferred stock, $0.01 par value, 20,000 shares authorized:    
Cumulative Preferred Stock $ 309,337 $ 309,337