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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net loss $ (25,574) $ (23,944) $ (19,374)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 13,059 12,379 12,858
Amortization of deferred financing fees 665 1,261 785
Loss (Gain) on troubled debt restructuring 0 0 (8,132)
Loss on early extinguishment of debt 0 246 0
Increase (Decrease) in Asset Retirement Obligations 108 0 0
Gain on sale of real estate 0 (476) (86)
Foreign currency translation loss 0 0 3,624
Impairment charge 12,301 9,371 932
Bad debt expense 58 (137) 1,643
Equity in losses of unconsolidated joint ventures 1,008 170 (1,694)
Loss on derivatives 0 86 90
Change in operating assets and liabilities:      
Accounts receivable 776 (597) (107)
Condominium inventory 5 0 3,232
Prepaid expenses and other assets (344) (27) 1,489
Accounts payable (247) 205 (1,514)
Accrued and other liabilities 3,438 170 722
Payables to related parties (376) 351 (626)
Lease intangibles (358) (493) (1,024)
Cash provided by (used in) operating activities 2,503 (1,775) (3,794)
Cash flows from investing activities:      
Proceeds from sale of real estate 0 1,743 30,563
Additions of property and equipment (34,360) (13,337) (3,870)
Change in restricted cash (760) (3,230) 866
Net assets consolidated from hotel operations 0 0 143
Distributions from unconsolidated joint venture 520 452 0
Cash provided by (used in) investing activities (34,600) (14,372) 27,702
Cash flows from financing activities:      
Financing costs 0 (1,475) 0
Premium paid on extinguishments of debt 0 (590) 0
Proceeds from notes payable 18,679 63,465 3,346
Payments on related parties note payable 0 0 (1,500)
Payments on notes payable (1,616) (47,825) (23,800)
Contributions from noncontrolling interest holders 765 791 25
Cash used in financing activities 17,828 14,366 (21,929)
Effect of exchange rate changes on cash and cash equivalents 0 0 (8)
Net change in cash and cash equivalents (14,269) (1,781) 1,971
Cash and cash equivalents at beginning of the year 35,015 36,796 34,825
Cash and cash equivalents at end of the year $ 20,746 $ 35,015 $ 36,796