Investment In Unconsolidated Joint Venture (Tables)

12 Months Ended

Dec. 31, 2016

Investment In Unconsolidated Joint Venture [Abstract]

Schedule Of Purchase Price Allocation

Hotel	Land		Buildings, improvements, and vehicles		Furniture and equipment		Land option (1)		Total purchase price		Debt originated at acquisition		Net cash
Aloft	$	13,025	$	34,048	$	2,667	$	(6,190)	$	43,550	$	33,750	$	9,800
Atlanta, GA

(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
	December 31, 2016
Investment in hotel properties, net	$	49,305
Cash and cash equivalents		1,184
Restricted cash, property escrows		464
Accounts receivable, prepaid expenses, and other assets		320
Total Assets	$	51,273
Accounts payable, accrued expenses, and other liabilities	$	633
Land option liability		6,190
Long-term debt, net of deferred financing costs		33,155
Total Liabilities		39,978
Condor equity		9,036
TWC equity		2,259
Total Equity		11,295
Total Liabilities and Equity	$	51,273

Summary Of Results Of Operations Of Unconsolidated Joint Ventures

	Year ended December 31, 2016
Revenue
Room rentals and other hotel services	$	3,703
Operating Expenses
Hotel and property operations		2,457
Depreciation and amortization		471
Acquisition		299
Total operating expenses		3,227
Operating income		476
Net loss on disposition of assets		(2)
Net loss on derivative		(6)
Interest expense		(773)
Net loss	$	(305)
Condor allocated loss	$	(244)
TWC allocated loss		(61)
Net loss	$	(305)