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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
ASSETS    
PROPERTY AND EQUIPMENT - Net of accumulated depreciation $ 3,905,304 $ 3,921,341
RESTRICTED CASH 21,614 84,416
CASH AND CASH EQUIVALENTS 84,158 373,239
INTANGIBLE ASSETS - Net of accumulated amortization of $8,350 and $7,010 28,383 29,723
GOODWILL 53,531 53,531
ACCOUNTS RECEIVABLE - Net of allowance for doubtful accounts of $2,634 and $2,413 20,837 18,164
DEFERRED TAX ASSETS 16,376 0
OTHER ASSETS 50,101 48,486
TOTAL ASSETS 4,180,304 4,528,900
LIABILITIES:    
Term loan facilities payable - Net of unamortized deferred financing costs and debt discount of $21,994 and $4,940 1,274,756 361,523
Senior notes payable - Net of unamortized deferred financing costs and debt discount of $34,482 and $10,756 1,265,518 489,244
Mortgage loan payable - Net of unamortized deferred financing costs of $19,536 0 1,911,621
Revolving credit facilities 45,000 0
Mandatorily redeemable preferred stock - $0.01 par value, $1,000 redemption value, 8.0%, 350,000,000 shares authorized, 21,202 shares issued and outstanding 21,202 21,202
Accounts payable and accrued liabilities 193,303 243,969
Deferred tax liabilities 3,286 12,984
Total liabilities 2,803,065 3,040,543
COMMITMENTS AND CONTINGENCIES (Note 13)
EQUITY:    
Common stock 1,957 2,049
Additional paid in capital 774,811 784,194
Retained earnings 23,679 102,184
Accumulated other comprehensive loss (5,615) (8,754)
Total Extended Stay America, Inc. shareholders’ equity 794,832 879,673
Noncontrolling interests 582,407 608,684
Total equity 1,377,239 1,488,357
TOTAL LIABILITIES AND EQUITY 4,180,304 4,528,900
ESH REIT [Member]    
ASSETS    
PROPERTY AND EQUIPMENT - Net of accumulated depreciation 3,914,569 3,920,906
RESTRICTED CASH 344 60,945
CASH AND CASH EQUIVALENTS 53,506 223,256
RENTS RECEIVABLE FROM EXTENDED STAY AMERICA, INC. (Note 11) 2,609 4,299
DEFERRED RENTS RECEIVABLE FROM EXTENDED STAY AMERICA, INC. (Note 11) 40,259 41,546
GOODWILL 52,245 52,245
OTHER ASSETS 13,973 13,352
TOTAL ASSETS 4,077,505 4,316,549
LIABILITIES:    
Term loan facilities payable - Net of unamortized deferred financing costs and debt discount of $21,994 and $4,940 1,274,756 361,523
Senior notes payable - Net of unamortized deferred financing costs and debt discount of $34,482 and $10,756 1,265,518 489,244
Mortgage loan payable - Net of unamortized deferred financing costs of $19,536 0 1,911,621
Revolving credit facilities 45,000 0
Loan payable to Extended Stay America, Inc. (Notes 6 and 11) 50,000 0
Unearned rental revenues from Extended Stay America, Inc. (Note 11) 39,898 38,321
Due to Extended Stay America, Inc. (Note 11) 11,608 64,680
Accounts payable and accrued liabilities 69,520 101,997
Deferred tax liabilities 3,286 2,697
Total liabilities 2,759,586 2,970,083
COMMITMENTS AND CONTINGENCIES (Note 13)
EQUITY:    
Common stock 4,462 4,554
Additional paid in capital 1,144,664 1,168,903
Preferred stock—no par value, $1,000 liquidation value, 125 shares authorized, issued and outstanding 73 73
Retained earnings 176,532 186,306
Accumulated other comprehensive loss (7,812) (13,370)
Total equity 1,317,919 1,346,466
TOTAL LIABILITIES AND EQUITY $ 4,077,505 $ 4,316,549