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As Reported Financials


As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 6/30/2018 USD 2018 Q2 YTD 6/30/2018 USD
Source Document Currency Code 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 6/30/2018 USD 2018 Q2 YTD 6/30/2018 USD

Assets

Investment in hotel properties, net 105,520 75,899 79,231 205,730 238,364
Investment in unconsolidated joint venture NA 0 9,036 7,747 7,078
Less accumulated depreciation 38,331 NA NA NA NA
Total investments in hotel properties 67,189 NA NA NA NA
Cash and cash equivalents 173 4,870 8,326 5,441 5,920
Restricted cash, property escrows 2,478 3,776 5,350 4,894 5,419
Accounts receivable, net 1,190 1,169 1,416 1,707 1,953
Prepaid expenses and other assets 1,784 1,832 1,666 3,220 2,719
Deferred financing costs, net 1,637 NA NA NA NA
Derivative assets, at fair value NA NA 0 391 975
Investment in hotel properties held for sale, net 71,993 54,800 35,640 13,850 1,205
Total Assets 146,444 142,346 140,665 242,980 263,633

Liabilities and Equity

Liabilities

Accounts payable, accrued expenses, and other liabilities 6,666 5,419 4,698 7,046 7,099
Dividends and distributions payable NA NA 1,125 2,470 2,479
Derivative liabilities, at fair value 20,337 8,759 8 NA NA
Convertible debt, at fair value NA 0 1,315 1,069 1,050
Long-term debt, net of deferred financing costs 45,151 44,667 47,918 112,621 139,300
Long-term debt related to hotel properties held for sale, net of deferred financing costs 47,536 41,344 14,802 7,960 2,352
Total Liabilities 119,690 100,189 69,866 131,166 152,280

Redeemable preferred stock

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

Equity

Shareholders' Equity
Preferred stock
8% Series A 8 8 NA NA NA
6.25% Series C 30 30 NA NA NA
6.25% Series D NA 0 61,333 NA NA
6.25% Series E NA NA 0 10,050 10,050
Common stock 47 49 8 118 119
Additional paid-in capital 137,900 138,387 118,655 230,727 231,474
Accumulated deficit (118,983) (105,858) (112,024) (130,489) (131,739)
Total Shareholders' Equity 19,002 32,616 67,972 110,406 109,904
Noncontrolling interest in consolidated partnership (Condor Hospitality Limited Partnership) 90 1,879 2,827 1,408 1,449
Total Equity 19,092 34,495 70,799 111,814 111,353
Total Liabilities and Equity 146,444 142,346 140,665 242,980 263,633
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