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As Reported Financials


As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 9/30/2017 USD 2017 Q3 YTD 9/30/2017 USD
Source Document Currency Code 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 9/30/2017 USD 2017 Q3 YTD 9/30/2017 USD

Assets

Investment in hotel properties, net 183,160 105,520 75,899 79,231 208,611
Investment in unconsolidated joint venture NA NA 0 9,036 8,651
Less accumulated depreciation 65,933 38,331 NA NA NA
Total investments in hotel properties 117,227 67,189 NA NA NA
Cash and cash equivalents 45 173 4,870 8,326 5,161
Restricted cash, property escrows NA 2,478 3,776 5,350 5,435
Accounts receivable, net of allowance for doubtful accounts 1,083 1,190 1,169 1,416 2,265
Prepaid expenses and other assets 4,000 1,784 1,832 1,666 2,475
Deferred financing costs, net 2,601 1,637 NA NA NA
Derivative assets, at fair value NA NA NA 0 340
Investment in hotel properties held for sale, net 47,129 71,993 54,800 35,640 15,700
Total Assets 172,085 146,444 142,346 140,665 248,638

Liabilities and Equity

Liabilities

Accounts payable, accrued expenses, and other liabilities 7,745 6,666 5,419 4,698 8,649
Dividends payable NA NA NA 1,125 2,419
Derivative liabilities, at fair value 5,907 20,337 8,759 8 0
Convertible debt, at fair value NA NA 0 1,315 1,038
Long-term debt, net of deferred financing costs 76,958 45,151 44,667 47,918 118,387
Long-term debt related to hotel properties held for sale, net of deferred financing costs 41,087 47,536 41,344 14,802 7,289
Total Liabilities 131,697 119,690 100,189 69,866 137,782

Redeemable preferred stock

10% Series B 7,662 7,662 7,662 NA NA

Equity

Shareholders' Equity
Preferred stock
6.25% Series D NA NA 0 61,333 0
8% Series A 8 8 8 NA NA
6.25% Series E 30 30 30 0 10,050
Common stock 29 47 49 8 116
Additional paid-in capital 135,293 137,900 138,387 118,655 228,629
Accumulated deficit (102,747) (118,983) (105,858) (112,024) (129,355)
Total Shareholders' Equity 32,613 19,002 32,616 67,972 109,440
Noncontrolling interest in consolidated partnership (Condor Hospitality Limited Partnership) 113 90 1,879 2,827 1,416
Total Equity 32,726 19,092 34,495 70,799 110,856
Total Liabilities and Equity 172,085 146,444 142,346 140,665 248,638
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.

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