Investment In Unconsolidated Joint Venture (Tables)

9 Months Ended

Sep. 30, 2016

Investment In Unconsolidated Joint Venture [Abstract]


Land		Buildings, improvements, and vehicle		Furniture and equipment		Land option (1)			Total purchase price		Debt originated at acquisition	Net cash

$	13,025	$	34,048	$	2,667	$	(6,190)	$	43,550	$	33,750	$	9,800

(1)

The purchase agreement includes a provision which permits the seller to purchase the surface parking lot north of the hotel exercisable for ten years at less than market rates

Schedule Of Financial Position of Unconsolidated Joint Ventures


	As of
	September 30, 2016
Investment in hotel properties, net	$	49,659
Cash and cash equivalents		1,377
Restricted cash, property escrows		648
Accounts receivable, prepaid expenses, and other assets		462
Total Assets	$	52,146
Accounts payable, accrued expenses, and other liabilities	$	1,318
Land option liability		6,190
Long-term debt, net of deferred financing costs		33,105
Total Liabilities		40,613
Condor equity		9,226
TWC equity		2,307
Total Equity		11,533
Total Liabilities and Equity	$	52,146

Summary Of Results Of Operations Of Unconsolidated Joint Ventures


	For the three and nine months ended September 30, 2016
Revenue
Room rentals and other hotel services	$	1,310
Operating Expenses
Hotel and property operations		739
Depreciation and amortization		118
Acquisition and terminated transactions		280
Total operating expenses	$	1,137
Operating income		173
Other expense		(1)
Interest expense		(239)
Net loss	$	(67)

Condor allocated loss	$	(54)
TWC allocated loss		(13)
Net loss	$	(67)