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CONSOLIDATED BALANCE SHEETS - (SUMMIT HOTEL OP, LP) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
ASSETS    
Investment in hotel properties, net $ 1,082,395 $ 734,362
Investment in hotel properties under development 20,549 10,303
Land held for development 13,748 15,802
Assets held for sale 33,463 4,836
Cash and cash equivalents 45,474 13,980
Restricted cash 35,437 3,624
Trade receivables 9,685 5,478
Prepaid expenses and other 21,006 5,311
Derivative financial instruments 98  
Deferred charges, net 9,543 8,895
Deferred tax asset 4,962 3,997
Other assets 3,442 4,201
TOTAL ASSETS 1,279,802 810,789
LIABILITIES    
Debt 400,255 312,613
Accounts payable 9,276 5,013
Accrued expenses 30,767 18,985
Derivative financial instruments 2,047 641
TOTAL LIABILITIES 442,345 337,252
COMMITMENTS AND CONTINGENCIES      
EQUITY    
TOTAL LIABILITIES AND EQUITY 1,279,802 810,789
SUMMIT HOTEL OP, LP
   
ASSETS    
Investment in hotel properties, net 1,082,395 734,362
Investment in hotel properties under development 20,549 10,303
Land held for development 13,748 15,802
Assets held for sale 33,463 4,836
Cash and cash equivalents 45,474 13,980
Restricted cash 35,437 3,624
Trade receivables 9,685 5,478
Prepaid expenses and other 21,006 5,311
Derivative financial instruments 98  
Deferred charges, net 9,543 8,895
Deferred tax asset 4,962 3,997
Other assets 3,442 4,201
TOTAL ASSETS 1,279,802 810,789
LIABILITIES    
Debt 400,255 312,613
Accounts payable 9,276 5,013
Accrued expenses 30,767 18,985
Derivative financial instruments 2,047 641
TOTAL LIABILITIES 442,345 337,252
COMMITMENTS AND CONTINGENCIES      
EQUITY    
Summit Hotel Properties, Inc., 83,451,814 and 46,159,652 common units outstanding at September 30, 2013 and December 31, 2012, respectively, and 8,400,000 and 5,000,000 preferred units outstanding at September 30, 2013 and December 31, 2012, respectively (preferred units liquidation preference of $211,382 at September 30, 2013 and $125,717 at December 31, 2012) 809,483 436,819
Unaffiliated limited partners, 2,759,971 and 5,226,375 common units outstanding at September 30, 2013 and December 31, 2012, respectively 20,150 36,718
Total partners' equity 829,633 473,537
Noncontrolling interests in joint venture 7,824  
TOTAL EQUITY 837,457 473,537
TOTAL LIABILITIES AND EQUITY $ 1,279,802 $ 810,789