Equity

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Equity

Equity

Transfers to Noncontrolling Interests

On February 12, 2016, we acquired the remaining 25% interest in the Fairmont Sonoma Mission Inn & Spa Venture from an unaffiliated third party for $20.6 million, bringing our ownership interest to 100%. In connection with this transaction, we also paid a fee to our Advisor of $0.5 million. Our acquisition of the additional interest in the venture is accounted for as an equity transaction, with no gain or loss recognized, and the components of accumulated other comprehensive loss are proportionately reallocated to us from the noncontrolling interest as presented in the consolidated statement of equity. The following table presents a reconciliation of the effect of transfers in noncontrolling interest (in thousands):

	Three Months Ended March 31,
	2016			2015
Net loss attributable to CWI stockholders	$	(10,916	)	$	(11,954	)
Transfers to noncontrolling interest
Decrease in CWI’s additional paid-in capital for purchase of remaining 25% membership interest in Fairmont Sonoma Mission Inn & Spa venture (a)	(16,024		)	—
Net transfers to noncontrolling interest	(16,024		)	—
Change from net loss attributable to CWI and transfers to noncontrolling interest	$	(26,940	)	$	(11,954	)

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(a) Includes $0.5 million fee paid to our Advisor for the purchase of the remaining interest in the venture.

Distributions Declared

During the first quarter of 2016, our board of directors declared a quarterly distribution of $0.1425 per share, which was paid on April 15, 2016 to stockholders of record on March 31, 2016, in the aggregate amount of $19.0 million.