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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 12/31/2017 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 12/31/2017 USD

Assets

Investment in hotel properties, net 105,520 75,899 79,231 206,925
Investment in unconsolidated joint venture NA 0 9,036 7,747
Less accumulated depreciation 38,331 NA NA NA
Total investments in hotel properties 67,189 NA NA NA
Cash and cash equivalents 173 4,870 8,326 5,441
Restricted cash, property escrows 2,478 3,776 5,350 4,894
Accounts receivable, net of allowance for doubtful accounts 1,190 1,169 1,416 1,707
Prepaid expenses and other assets 1,784 1,832 1,666 3,220
Deferred financing costs, net 1,637 NA NA NA
Derivative assets, at fair value NA NA 0 391
Investment in hotel properties held for sale, net 71,993 54,800 35,640 12,655
Total Assets 146,444 142,346 140,665 242,980

Liabilities and Equity

Liabilities

Accounts payable, accrued expenses, and other liabilities 6,666 5,419 4,698 7,046
Dividends and distributions payable NA NA 1,125 2,470
Derivative liabilities, at fair value 20,337 8,759 8 0
Convertible debt, at fair value NA 0 1,315 1,069
Long-term debt, net of deferred financing costs 45,151 44,667 47,918 115,605
Long-term debt related to hotel properties held for sale, net of deferred financing costs 47,536 41,344 14,802 4,976
Total Liabilities 119,690 100,189 69,866 131,166

Redeemable preferred stock

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

Equity

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