Related Party Transactions (Tables) - ESH REIT [Member]

12 Months Ended

Dec. 31, 2016

Schedule of Future Fixed Rental Payments

Future fixed rental payments to be received under noncancelable leases as of December 31, 2016, are as follows (in thousands):



Years Ending December 31,
2017	$	480,423
2018	412,409
Total	$	892,832

Related party transaction balances as of December 31, 2016 and 2015, include the following (in thousands):



	December 31, 2016			December 31, 2015
Leases:
Rents receivable⁽¹⁾	$	2,609		$	4,299
Deferred rents receivable⁽²⁾	$	40,259		$	41,546
Unearned rental revenues⁽¹⁾	$	(39,898	)	$	(38,321	)

Debt:
Loan payable (Unsecured Intercompany Facility)⁽³⁾	$	(50,000	)	$	—

Working capital and other:
Ordinary working capital⁽⁴⁾	$	(12,566	)	$	(16,723	)
Equity awards receivable (payable)⁽⁵⁾	958			(363		)
Distribution payable⁽⁶⁾	—			(47,594		)
Total working capital and other⁽⁷⁾	$	(11,608	)	$	(64,680	)

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(1)	Fixed minimum rents are due one-month in advance. Percentage rents are due one-month in arrears. Rents receivable relate to December 2016 and 2015 percentage rent, respectively. Unearned rental revenues relate to January 2017 and 2016 fixed minimum rent, respectively.


(2)	Represents rental revenues recognized in excess of cash rents received. Amount will decrease over lease terms to zero.


(3)	The Unsecured Intercompany Facility bears interest at 5.0% per annum. ESH REIT is able to increase its borrowings under the Unsecured Intercompany Facility to an amount up to $300 million, plus additional amounts, in each case subject to certain conditions (see Note 6).


(4)	Represents disbursements and/or receipts made by the Corporation or ESH REIT on the other entity's behalf. Includes overhead expenses incurred by the Corporation on ESH REIT's behalf.


(5)	Represents amounts related to RSUs not yet settled or issued.


(6)	Special distribution funded in connection with the sale of 53 hotel properties that was declared in December 2015 and paid in January 2016.


(7)	Outstanding balances are typically repaid within 60 days.

- Definition

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

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