Investment in Unconsolidated Joint Venture (Tables)

12 Months Ended

Dec. 31, 2020

Investment in Unconsolidated Joint Venture [Abstract]

Schedule of Financial Position of Unconsolidated Joint Ventures

	As of
	December 31, 2019
Investment in hotel properties, net	$	45,547
Cash and cash equivalents		661
Accounts receivable, prepaid expenses, and other assets		279
Total Assets	$	46,487
Accounts payable, accrued expenses, and other liabilities	$	1,026
Land option liability		6,190
Long-term debt, net of deferred financing costs		33,966
Total Liabilities		41,182
Condor equity		4,244
TWC equity		1,061
Total Equity		5,305
Total Liabilities and Equity	$	46,487

Summary of Results of Operations of Unconsolidated Joint Ventures

	For the period of January 1 to February 14,		Year ended December 31,
	2020		2019		2018
Revenue
Room rentals and other hotel services	$	1,522	$	12,666	$	11,888
Operating Expenses
Hotel and property operations		960		8,084		7,855
Depreciation and amortization		181		1,494		1,444
Total operating expenses		1,141		9,578		9,299
Operating income		381		3,088		2,589
Net loss on disposition of assets		-		(2)		(197)
Net loss on derivative		-		(1)		(27)
Interest expense		(281)		(2,675)		(2,637)
Loss on extinguishment of debt		-		(172)		-
Net earnings (loss)	$	100	$	238	$	(272)
Condor allocated earnings (loss)	$	80	$	190	$	(218)
TWC allocated earnings (loss)		20		48		(54)
Net earnings (loss)	$	100	$	238	$	(272)