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Related Party Transactions (Tables)
 6 Months Ended
Jun. 30, 2017
ESH REIT  
Entity Information [Line Items]  
Schedule of Related Party Transaction Balances
Related party transaction balances as of June 30, 2017 and December 31, 2016, include the following (in thousands):
 
June 30,
2017
 
December 31,
2016
Leases:
 
 
 
Rents receivable(1)
$
28,938

 
$
2,609

Deferred rents receivable(2)
$
31,961

 
$
40,259

Unearned rental revenues(1)
$
(143,130
)
 
$
(39,898
)
 
 
 
 
Debt:
 
 
 
Loan payable (Unsecured Intercompany Facility)(3)
$
(50,000
)
 
$
(50,000
)
 
 
 
 
Working capital and other:
 
 
 
Ordinary working capital(4)
$
(16,605
)
 
$
(12,566
)
Equity awards receivable (payable)(5)
(58
)
 
958

     Total working capital and other(6)
$
(16,663
)
 
$
(11,608
)
______________________
(1)
Fixed minimum rents are due one-month in advance. Percentage rents are due one-month in arrears. Rents receivable relate to June 2017 and December 2016 percentage rent, respectively. As of June 30, 2017, unearned rental revenues consisted of percentage rents of approximately $103.8 million and fixed minimum rents of approximately $39.3 million. As of December 31, 2016, unearned rental revenues consisted of fixed minimum rents of approximately $39.9 million.
(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 restricted stock units not yet settled or issued.
(6)
Outstanding balances are typically repaid within 30 days.