Investment In Unconsolidated Joint Venture (Tables)

3 Months Ended

Mar. 31, 2017

Investment In Unconsolidated Joint Venture [Abstract]

Schedule Of Financial Position of Unconsolidated Joint Ventures

	As of March 31, 2017
Investment in hotel properties, net	$	48,981
Cash and cash equivalents		1,650
Restricted cash, property escrows		739
Accounts receivable, prepaid expenses, and other assets		543
Total Assets	$	51,913
Accounts payable, accrued expenses, and other liabilities	$	1,558
Distribution payable		48
Land option liability		6,189
Long-term debt, net of deferred financing costs		33,212
Total Liabilities		41,007
Condor equity		8,747
TWC equity		2,159
Total Equity		10,906
Total Liabilities and Equity	$	51,913

Summary Of Results Of Operations Of Unconsolidated Joint Ventures

	Three months ended March 31, 2017
Revenue
Room rentals and other hotel services	$	2,989
Operating Expenses
Hotel and property operations		1,861
Depreciation and amortization		411
Total operating expenses		2,272
Operating income		717
Net loss on disposition of assets		(1)
Interest expense		(605)
Net earnings	$	111
Condor allocated earnings	$	111
TWC allocated earnings		-
Net earnings	$	111