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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 6/30/2017 USD 2017 Q2 YTD 6/30/2017 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 6/30/2017 USD 2017 Q2 YTD 6/30/2017 USD

Assets

Investment in hotel properties, net 183,160 105,520 75,899 96,158 187,737
Investment in unconsolidated joint venture NA NA 0 9,036 8,772
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 5,930
Restricted cash, property escrows NA 2,478 3,776 5,350 4,542
Accounts receivable, net of allowance for doubtful accounts 1,083 1,190 1,169 1,416 1,727
Prepaid expenses and other assets 4,000 1,784 1,832 1,666 1,614
Deferred financing costs, net 2,601 1,637 NA NA NA
Derivative assets, at fair value NA NA NA 0 339
Investment in hotel properties held for sale, net 47,129 71,993 54,800 18,713 3,800
Total Assets 172,085 146,444 142,346 140,665 214,461

Liabilities and Equity

Liabilities

Accounts payable, accrued expenses, and other liabilities 7,745 6,666 5,419 4,698 6,882
Dividends payable NA NA NA 1,125 2,267
Derivative liabilities, at fair value 5,907 20,337 8,759 8 0
Convertible debt, at fair value NA NA 0 1,315 1,050
Long-term debt, net of deferred financing costs 76,958 45,151 44,667 56,775 90,176
Long-term debt related to hotel properties held for sale, net of deferred financing costs 41,087 47,536 41,344 5,945 421
Total Liabilities 131,697 119,690 100,189 69,866 100,796

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 135,293 137,900 138,387 118,655 228,069
Accumulated deficit (102,747) (118,983) (105,858) (112,024) (125,843)
Total Shareholders' Equity 32,613 19,002 32,616 67,972 112,392
Noncontrolling interest in consolidated partnership (Condor Hospitality Limited Partnership) 113 90 1,879 2,827 1,273
Total Equity 32,726 19,092 34,495 70,799 113,665
Total Liabilities and Equity 172,085 146,444 142,346 140,665 214,461
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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