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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2011
SUMMIT HOTEL OP, LP
Jun. 30, 2010
Predecessor
OPERATING ACTIVITIES      
Net income (loss)   $ (7,216,816) $ (5,629,190)
Net income (loss) (7,216,816)    
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 13,678,039 13,678,039 13,521,822
Amortization of prepaid lease 23,700 23,700 23,700
Equity-based compensation 302,484 302,484  
(Gain) loss on disposal of assets 36,031 36,031 39,389
Changes in operating assets and liabilities:      
Trade receivables (1,819,323) (1,819,323) (1,807,872)
Prepaid expenses and other 3,239,939 3,239,939 341,479
Accounts payable and related party accounts payable (694,799) (694,799) (64,614)
Accrued expenses 3,531,328 3,531,328 1,277,181
Restricted cash released (funded) 909,159 909,159 85,210
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 11,989,742 11,989,742 7,787,105
INVESTING ACTIVITIES      
Land and hotel acquisitions and construction in progress (37,700,000) (37,700,000) (604,232)
Purchases of other property and equipment (11,147,843) (11,147,843) (1,018,274)
Proceeds from asset dispositions, net of closing costs 357,843 357,843 7,246
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (48,490,000) (48,490,000) (1,615,260)
FINANCING ACTIVITIES      
Proceeds from issuance of debt 57,882,528 57,882,528 3,348,350
Principal payments on debt (226,599,060) (226,599,060) (4,934,721)
Financing fees on debt (3,641,499) (3,641,499) (963,060)
Proceeds from sale of common stock, net of offering costs 240,855,458 240,855,458  
Distributions to members (10,385,448) (10,385,448) (535,261)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 58,111,979 58,111,979 (3,084,692)
NET CHANGE IN CASH AND CASH EQUIVALENTS 21,611,721 21,611,721 3,087,153
CASH AND CASH EQUIVALENTS      
BEGINNING OF PERIOD 7,977,418 7,977,418 8,239,225
END OF PERIOD 29,589,139 29,589,139 11,326,378
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash payments for interest 12,122,358 12,122,358 12,357,600
Cash payments for state income taxes $ 568,967 $ 568,967 $ 51,386