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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 3/31/2017 USD 2017 Q1 YTD 3/31/2017 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 3/31/2017 USD 2017 Q1 YTD 3/31/2017 USD

Assets

Investment in hotel properties, net 183,160 105,520 75,899 96,158 150,652
Investment in unconsolidated joint venture NA NA 0 9,036 8,747
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 15,032
Restricted cash, property escrows NA 2,478 3,776 5,350 4,131
Accounts receivable, net of allowance for doubtful accounts 1,083 1,190 1,169 1,416 1,271
Prepaid expenses and other assets 4,000 1,784 1,832 1,666 1,396
Deferred financing costs, net 2,601 1,637 NA NA NA
Derivative assets, at fair value NA NA NA 0 137
Investment in hotel properties held for sale, net 47,129 71,993 54,800 18,713 12,013
Total Assets 172,085 146,444 142,346 140,665 193,379

Liabilities and Equity

Liabilities

Accounts payable, accrued expenses, and other liabilities 7,745 6,666 5,419 4,698 5,796
Dividends payable NA NA NA 1,125 2,253
Derivative liabilities, at fair value 5,907 20,337 8,759 8 0
Convertible debt, at fair value NA NA 0 1,315 1,075
Long-term debt, net of deferred financing costs 76,958 45,151 44,667 56,775 69,945
Long-term debt related to hotel properties held for sale, net of deferred financing costs 41,087 47,536 41,344 5,945 3,288
Total Liabilities 131,697 119,690 100,189 69,866 82,357

Redeemable preferred stock

10% Series B 7,662 7,662 7,662 NA NA
8% Series A 8 8 8 NA NA
6.25% Series E 30 30 30 0 10,050

Equity

Shareholders' equity
Preferred stock
6.25% Series D NA NA 0 61,333 0
Common stock 29 47 49 8 115
Additional paid-in capital 135,293 137,900 138,387 118,655 226,119
Accumulated deficit (102,747) (118,983) (105,858) (112,024) (128,230)
Total Shareholders' Equity 32,613 19,002 32,616 67,972 98,004
Noncontrolling interest in consolidated partnership (Condor Hospitality Limited Partnership) 113 90 1,879 2,827 2,968
Total Equity 32,726 19,092 34,495 70,799 100,972
Total Liabilities and Equity 172,085 146,444 142,346 140,665 193,379
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