Rangers Sub I 10-Q 10 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2018shares
Document Information [Line Items]
Entity Registrant Name	Rangers Sub I, LLC
Entity Central Index Key	1,715,629
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding	1
Entity Current Reporting Status	Yes
FelCor Lodging LP
Document Information [Line Items]
Entity Registrant Name	FelCor Lodging Limited Partnership
Entity Central Index Key	1,048,789

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Assets
Investment in hotel properties, net	$ 2,364,340
Investment in unconsolidated joint ventures	16,778	$ 16,912
Restricted cash reserves	4,700	3,300
Liabilities and Equity
Debt, net	744,254	1,300,000
Predecessor
Assets
Investment in hotel properties, net		2,497,880
Liabilities and Equity
Debt, net		1,299,105
Rangers Sub I, LLC
Assets
Investment in hotel properties, net	2,364,340	2,497,880
Investment in unconsolidated joint ventures	16,778	16,912
Cash and cash equivalents	13,025	14,728
Restricted cash reserves	4,717	3,303
Related party rent receivable	46,754	80,090
Intangible assets, net	117,239	118,170
Prepaid expense and other assets	9,149	12,691
Total assets	2,572,002	2,743,774
Liabilities and Equity
Debt, net	744,254	1,299,105
Accounts payable and other liabilities	42,336	54,191
Related party lease termination fee payable	9,243	7,707
Accrued interest	9,588	12,286
Distributions payable	126	126
Total liabilities	805,547	1,373,415
Commitments and Contingencies (Note 9)
Member's equity:
Members' Equity	1,688,860	1,302,739
Retained earnings	10,179	4,090
Total member's equity	1,699,039	1,306,829
Noncontrolling interest:
Noncontrolling interest in consolidated joint ventures	5,824	5,900
Noncontrolling interest in FelCor LP	17,162	13,200
Total noncontrolling interest	22,986	19,100
Preferred capital in a consolidated joint venture, liquidation value of $45,458 and $45,430 at March 31, 2018 and December 31, 2017, respectively	44,430	44,430
Total equity	1,766,455	1,370,359
Total liabilities and equity	2,572,002	2,743,774
FelCor Lodging LP
Assets
Investment in hotel properties, net	2,364,340	2,497,880
Investment in unconsolidated joint ventures	16,778	16,912
Cash and cash equivalents	13,025	14,728
Restricted cash reserves	4,717	3,303
Related party rent receivable	46,754	80,090
Intangible assets, net	117,239	118,170
Prepaid expense and other assets	9,149	12,691
Total assets	2,572,002	2,743,774
Liabilities and Equity
Debt, net	744,254	1,299,105
Accounts payable and other liabilities	42,336	54,191
Related party lease termination fee payable	9,243	7,707
Accrued interest	9,588	12,286
Distributions payable	126	126
Total liabilities	805,547	1,373,415
Commitments and Contingencies (Note 9)
Member's equity:
Partners' Capital	1,705,919	1,315,898
Retained earnings	10,282	4,131
Total member's equity	1,716,201	1,320,029
Noncontrolling interest:
Noncontrolling interest in consolidated joint ventures	5,824	5,900
Preferred capital in a consolidated joint venture, liquidation value of $45,458 and $45,430 at March 31, 2018 and December 31, 2017, respectively	44,430	44,430
Total equity	1,766,455	1,370,359
Total liabilities and equity	$ 2,572,002	$ 2,743,774

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Rangers Sub I, LLC
Hotel and other receivables, allowance	$ 0
Redeemable noncontrolling interests, units issued (in shares)	0
Redeemable noncontrolling interest, units outstanding (in shares)	0
Preferred shares, par value (in dollars per share)	$ 0
Preferred shares, shares authorized (in shares)	0
Membership units, par value (in dollars per share)	$ 0
Membership units, units issued (in shares)	1
Membership units, units outstanding (in shares)	1
Common shares of beneficial interest, par value (in dollars per share)	$ 0
Common shares of beneficial interest, shares authorized (in shares)	0
Common shares of beneficial interest, shares issued (in shares)	0
Common shares of beneficial interest, shares outstanding (in shares)	0
Preferred capital in a consolidated joint venture, liquidation value	$ 45,458
Rangers Sub I, LLC | Predecessor
Hotel and other receivables, allowance		$ 0
Redeemable noncontrolling interests, units issued (in shares)		0
Redeemable noncontrolling interest, units outstanding (in shares)		0
Preferred shares, par value (in dollars per share)		$ 0
Preferred shares, shares authorized (in shares)		0
Membership units, par value (in dollars per share)		$ 0
Membership units, units issued (in shares)		0
Membership units, units outstanding (in shares)		0
Common shares of beneficial interest, par value (in dollars per share)		$ 0
Common shares of beneficial interest, shares authorized (in shares)		0
Common shares of beneficial interest, shares issued (in shares)		0
Common shares of beneficial interest, shares outstanding (in shares)		0
Preferred capital in a consolidated joint venture, liquidation value		$ 45,430
FelCor Lodging LP
Hotel and other receivables, allowance	$ 0
Redeemable noncontrolling interests, units issued (in shares)	0
Redeemable noncontrolling interest, units outstanding (in shares)	0
Preferred shares, par value (in dollars per share)	$ 0
Preferred shares, shares authorized (in shares)	0
Membership units, par value (in dollars per share)	$ 0
Membership units, units issued (in shares)	1
Membership units, units outstanding (in shares)	1
Common shares of beneficial interest, par value (in dollars per share)	$ 0
Common shares of beneficial interest, shares authorized (in shares)	0
Common shares of beneficial interest, shares issued (in shares)	0
Common shares of beneficial interest, shares outstanding (in shares)	0
Preferred capital in a consolidated joint venture, liquidation value	$ 45,458
FelCor Lodging LP | Predecessor
Hotel and other receivables, allowance		$ 0
Redeemable noncontrolling interests, units issued (in shares)		0
Redeemable noncontrolling interest, units outstanding (in shares)		0
Preferred shares, par value (in dollars per share)		$ 0
Preferred shares, shares authorized (in shares)		0
Membership units, par value (in dollars per share)		$ 0
Membership units, units issued (in shares)		0
Membership units, units outstanding (in shares)		0
Common shares of beneficial interest, par value (in dollars per share)		$ 0
Common shares of beneficial interest, shares authorized (in shares)		0
Common shares of beneficial interest, shares issued (in shares)		0
Common shares of beneficial interest, shares outstanding (in shares)		0
Preferred capital in a consolidated joint venture, liquidation value		$ 45,430
Series A Preferred Stock | Rangers Sub I, LLC
Preferred shares, shares issued (in shares)	0
Preferred shares, shares outstanding (in shares)	0
Series A Preferred Stock | Rangers Sub I, LLC | Predecessor
Preferred shares, shares issued (in shares)		0
Preferred shares, shares outstanding (in shares)		0
Series A Preferred Stock | FelCor Lodging LP
Preferred shares, shares issued (in shares)	0
Preferred shares, shares outstanding (in shares)	0
Series A Preferred Stock | FelCor Lodging LP | Predecessor
Preferred shares, shares issued (in shares)		0
Preferred shares, shares outstanding (in shares)		0

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Operating expense
Impairment loss	$ 0
Transaction costs	1,400,000
Interest expense	(13,100,000)
Equity in income (loss) from unconsolidated joint ventures	116,000
Predecessor
Operating revenue
Room revenue		$ 144,933,000
Food and beverage revenue		32,074,000
Related party lease revenue		0
Other revenue		11,097,000
Total revenue		188,104,000
Operating expense
Room expense		40,678,000
Food and beverage expense		26,222,000
Management and franchise fee expense		7,550,000
Other operating expense		54,388,000
Total property operating expense		128,838,000
Depreciation and amortization		27,838,000
Impairment loss		24,838,000
Property tax, insurance and other		14,689,000
General and administrative		6,940,000
Transaction costs		473,000
Total operating expense		203,616,000
Operating income (loss)		(15,512,000)
Other income		0
Interest income		33,000
Interest expense		(19,319,000)
Gain on extinguishment of indebtedness		0
Income (loss) before equity in income (loss) from unconsolidated joint ventures		(34,798,000)
Equity in income (loss) from unconsolidated joint ventures		(130,000)
Income (loss) before income tax expense		(34,928,000)
Income tax expense		(547,000)
Income (loss) from operations		(35,475,000)
Loss on sale of hotel properties		(666,000)
Net income (loss) and comprehensive income (loss)		(36,141,000)
Net loss (income) attributable to noncontrolling interests:
Noncontrolling interest in consolidated joint ventures		(404,000)
Noncontrolling interest in FelCor LP		186,000
Preferred distributions - consolidated joint venture		(360,000)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent		(35,911,000)
Preferred dividends		(6,279,000)
Net income (loss) and comprehensive income (loss) attributable to ownership interests/common shareholders		(42,190,000)
Rangers Sub I, LLC
Operating revenue
Room revenue	0
Food and beverage revenue	0
Related party lease revenue	53,550,000
Other revenue	0
Total revenue	53,550,000
Operating expense
Room expense	0
Food and beverage expense	0
Management and franchise fee expense	0
Other operating expense	0
Total property operating expense	0
Depreciation and amortization	20,712,000
Impairment loss	0
Property tax, insurance and other	14,831,000
General and administrative	608,000
Transaction costs	1,528,000
Total operating expense	37,679,000
Operating income (loss)	15,871,000
Other income	8,000
Interest income	30,000
Interest expense	(13,147,000)
Gain on extinguishment of indebtedness	12,929,000
Income (loss) before equity in income (loss) from unconsolidated joint ventures	15,691,000
Equity in income (loss) from unconsolidated joint ventures	116,000
Income (loss) before income tax expense	15,807,000
Income tax expense	0
Income (loss) from operations	15,807,000
Loss on sale of hotel properties	(9,366,000)
Net income (loss) and comprehensive income (loss)	6,441,000
Net loss (income) attributable to noncontrolling interests:
Noncontrolling interest in consolidated joint ventures	(76,000)
Noncontrolling interest in FelCor LP	(62,000)
Preferred distributions - consolidated joint venture	(366,000)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	6,089,000
Preferred dividends	0
Net income (loss) and comprehensive income (loss) attributable to ownership interests/common shareholders	6,089,000
Rangers Sub I, LLC | Predecessor
Operating expense
Gain on extinguishment of indebtedness		0
Equity in income (loss) from unconsolidated joint ventures		(130,000)
Net income (loss) and comprehensive income (loss)		(36,141,000)
Net loss (income) attributable to noncontrolling interests:
Preferred dividends		$ (6,279,000)
Basic and diluted per common share data:
Earnings Per Share, Basic and Diluted		$ (0.31)
Weighted-average number of common shares (in shares)		137,777,651
Diluted per common share data:
Weighted-average number of common shares (in shares)		137,777,651
Dividends declared per common share (in dollars per share)		$ 0.06
FelCor Lodging LP
Operating revenue
Room revenue	0
Food and beverage revenue	0
Related party lease revenue	53,550,000
Other revenue	0
Total revenue	53,550,000
Operating expense
Room expense	0
Food and beverage expense	0
Management and franchise fee expense	0
Other operating expense	0
Total property operating expense	0
Depreciation and amortization	20,712,000
Impairment loss	0
Property tax, insurance and other	14,831,000
General and administrative	608,000
Transaction costs	1,528,000
Total operating expense	37,679,000
Operating income (loss)	15,871,000
Other income	8,000
Interest income	30,000
Interest expense	(13,147,000)
Gain on extinguishment of indebtedness	12,929,000
Income (loss) before equity in income (loss) from unconsolidated joint ventures	15,691,000
Equity in income (loss) from unconsolidated joint ventures	116,000
Income (loss) before income tax expense	15,807,000
Income tax expense	0
Income (loss) from continuing operations	15,807,000
Income (loss) from operations	15,807,000
Loss on sale of hotel properties	(9,366,000)
Net income (loss) and comprehensive income (loss)	6,441,000
Net loss (income) attributable to noncontrolling interests:
Noncontrolling interest in consolidated joint ventures	76,000
Preferred distributions - consolidated joint venture	(366,000)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	6,151,000
Preferred dividends	0
Net income (loss) and comprehensive income (loss) attributable to ownership interests/common shareholders	$ 6,151,000
FelCor Lodging LP | Predecessor
Operating revenue
Room revenue		$ 144,933,000
Food and beverage revenue		32,074,000
Related party lease revenue		0
Other revenue		11,097,000
Total revenue		188,104,000
Operating expense
Room expense		40,678,000
Food and beverage expense		26,222,000
Management and franchise fee expense		7,550,000
Other operating expense		54,388,000
Total property operating expense		128,838,000
Depreciation and amortization		27,838,000
Impairment loss		24,838,000
Property tax, insurance and other		14,689,000
General and administrative		6,940,000
Transaction costs		473,000
Total operating expense		203,616,000
Operating income (loss)		(15,512,000)
Other income		0
Interest income		33,000
Interest expense		(19,319,000)
Gain on extinguishment of indebtedness		0
Income (loss) before equity in income (loss) from unconsolidated joint ventures		(34,798,000)
Equity in income (loss) from unconsolidated joint ventures		(130,000)
Income (loss) before income tax expense		(34,928,000)
Income tax expense		(547,000)
Income (loss) from operations		(35,475,000)
Loss on sale of hotel properties		(666,000)
Net income (loss) and comprehensive income (loss)		(36,141,000)
Net loss (income) attributable to noncontrolling interests:
Noncontrolling interest in consolidated joint ventures		404,000
Preferred distributions - consolidated joint venture		(360,000)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent		(36,097,000)
Preferred dividends		(6,279,000)
Net income (loss) and comprehensive income (loss) attributable to ownership interests/common shareholders		$ (42,376,000)
Basic and diluted per common share data:
Net income per share attributable to common shareholders (in dollars per share)		$ (0.31)
Earnings Per Share, Basic and Diluted		$ (0.31)
Weighted-average number of common shares (in shares)		138,387,834
Diluted per common share data:
Weighted-average number of common shares (in shares)		138,387,834
Dividends declared per common share (in dollars per share)		$ 0.06

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($)	Total	Rangers Sub I, LLC	Rangers Sub I, LLCPreferred Stock	Rangers Sub I, LLCCommon Stock	Rangers Sub I, LLCAdditional Paid-in Capital	Rangers Sub I, LLCAccumulated Deficit	Rangers Sub I, LLCFelCor LP	Rangers Sub I, LLCConsolidated Joint Ventures	Rangers Sub I, LLCNoncontrolling Interest	Rangers Sub I, LLCPreferred Equity in a Consolidated Joint Venture	FelCor Lodging LP	FelCor Lodging LPPreferred Stock	FelCor Lodging LPCommon Stock	FelCor Lodging LPAdditional Paid-in Capital	FelCor Lodging LPAccumulated Deficit	FelCor Lodging LPConsolidated Joint Ventures	FelCor Lodging LPPreferred Equity in a Consolidated Joint Venture
Beginning Balance (in shares) (Predecessor) at Dec. 31, 2016			12,879,475	137,990,097
Balance (Predecessor) at Dec. 31, 2016		$ 232,583,000	$ 309,337,000	$ 1,380,000	$ 2,576,988,000	$ (2,706,408,000)		$ 7,503,000		$ 43,783,000	$ 232,583,000	$ 309,337,000	$ (128,040,000)			$ 7,503,000	$ 43,783,000
Increase (Decrease) in Owners' Equity
Net income (loss) and comprehensive income (loss) | Predecessor	$ (36,141,000)	(36,141,000)									(36,141,000)		(36,097,000)			(404,000)	360,000
Net income (loss) and comprehensive income (loss) | Predecessor		(35,955,000)				(35,911,000)		(404,000)		360,000
Cumulative effect of change in accounting for share-based compensation forfeitures | Predecessor				447,578
Issuance of stock awards | Predecessor		93,000		$ 5,000	88,000						93,000		93,000
Amortization of share-based compensation | Predecessor		1,909,000			1,909,000						1,909,000		1,909,000
Shares acquired to satisfy minimum required federal and state tax withholding on vesting restricted stock (in shares) | Predecessor				(29,065)
Shares acquired to satisfy minimum required federal and state tax withholding on vesting restricted stock | Predecessor		(814,000)		$ (1,000)	0	(813,000)					(814,000)		(814,000)
Conversion of operating partnership units into common shares | Predecessor									$ 0
Allocation to the redeemable noncontrolling interests in FelCor LP | Predecessor		81,000			81,000						305,000		305,000
Contributions | Predecessor		100,000						100,000		0	100,000					100,000
Distributions on Series A preferred shares | Predecessor		(6,279,000)				(6,279,000)					(6,279,000)		(6,279,000)
Distributions on common shares and units | Predecessor		(8,321,000)				(8,321,000)					(8,359,000)		(8,359,000)
Preferred distributions - consolidated joint venture | Predecessor		(360,000)							$ 0	(360,000)	(360,000)						(360,000)
Ending Balance (in shares) (Predecessor) at Mar. 31, 2017			12,879,475	138,408,610
Balance (Predecessor) at Mar. 31, 2017		183,037,000	$ 309,337,000	$ 1,384,000	2,579,066,000	(2,757,732,000)		7,199,000		43,783,000	183,037,000	$ 309,337,000	$ (177,282,000)			7,199,000	43,783,000
Balance at Dec. 31, 2017		1,370,359,000			1,302,739,000	4,090,000	$ 13,200,000	5,900,000		44,430,000	1,370,359,000			$ 1,315,898,000	$ 4,131,000	5,900,000	44,430,000
Increase (Decrease) in Owners' Equity
Net income (loss) and comprehensive income (loss)		6,441,000				6,089,000	62,000	(76,000)		366,000	6,441,000				6,151,000	(76,000)	366,000
Contributions		598,033,000			592,053,000		5,980,000				598,033,000			598,033,000
Distributions		(208,012,000)			(205,932,000)		(2,080,000)				(208,012,000)			(208,012,000)
Preferred distributions - consolidated joint venture		(366,000)								(366,000)	(366,000)						(366,000)
Balance at Mar. 31, 2018		$ 1,766,455,000			$ 1,688,860,000	$ 10,179,000	$ 17,162,000	$ 5,824,000		$ 44,430,000	$ 1,766,455,000			$ 1,705,919,000	$ 10,282,000	$ 5,824,000	$ 44,430,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Adjustments to reconcile net income (loss) to cash flow provided by operating activities:
Equity in (income) loss from unconsolidated joint ventures	$ (116)
Predecessor
Cash flows from operating activities
Net income (loss)		$ (36,141)
Adjustments to reconcile net income (loss) to cash flow provided by operating activities:
Equity in (income) loss from unconsolidated joint ventures		130
Gain on extinguishment of indebtedness		0
Cash flows from financing activities
Cash, cash equivalents, and restricted cash reserves, end of period		50,235
Rangers Sub I, LLC
Cash flows from operating activities
Net income (loss)	6,441
Adjustments to reconcile net income (loss) to cash flow provided by operating activities:
Loss on sale of hotel properties, net	9,366
Depreciation and amortization	20,712
Amortization of deferred financing costs	72
Other amortization	(1,533)
Equity in (income) loss from unconsolidated joint ventures	(116)
Distributions of income from unconsolidated joint ventures	250
Amortization of fixed stock and directors' compensation	0
Gain on extinguishment of indebtedness	(12,929)
Impairment loss	0
Changes in assets and liabilities:
Related party rent receivable	33,336
Hotel and other receivables, net	0
Prepaid expense and other assets	3,300
Accounts payable and other liabilities	(6,903)
Advance deposits and deferred revenue	0
Accrued interest	(2,698)
Net cash flow provided by operating activities	49,298
Cash flows from investing activities
Proceeds from the sale of hotel properties, net	(116,624)
Improvements and additions to hotel properties	(18,141)
Additions to property and equipment	(3)
Distributions from unconsolidated joint ventures in excess of earnings	0
Net cash flow provided by (used in) investing activities	98,480
Cash flows from financing activities
Proceeds from borrowings	0
Repayments of borrowings	(539,512)
Repurchase of common shares to satisfy employee withholding requirements	0
Contributions from members	598,033
Distributions to members	(206,212)
Distributions on preferred shares	0
Distributions on common shares	0
Distributions on Operating Partnership units	0
Payments of deferred financing costs	(10)
Contributions from noncontrolling interests	0
Preferred distributions - consolidated joint venture	(366)
Net cash flow used in financing activities	(148,067)
Net change in cash, cash equivalents, and restricted cash reserves	(289)
Cash, cash equivalents, and restricted cash reserves, beginning of period	14,728
Cash, cash equivalents, and restricted cash reserves, end of period	13,025
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	17,742
Rangers Sub I, LLC | Predecessor
Cash flows from operating activities
Net income (loss)		(36,141)
Adjustments to reconcile net income (loss) to cash flow provided by operating activities:
Loss on sale of hotel properties, net		666
Depreciation and amortization		27,838
Amortization of deferred financing costs		1,046
Other amortization		0
Equity in (income) loss from unconsolidated joint ventures		130
Distributions of income from unconsolidated joint ventures		160
Amortization of fixed stock and directors' compensation		1,593
Gain on extinguishment of indebtedness		0
Impairment loss		24,838
Changes in assets and liabilities:
Related party rent receivable		0
Hotel and other receivables, net		(4,510)
Prepaid expense and other assets		4,689
Accounts payable and other liabilities		996
Advance deposits and deferred revenue		5,173
Accrued interest		(514)
Net cash flow provided by operating activities		25,964
Cash flows from investing activities
Proceeds from the sale of hotel properties, net		(812)
Improvements and additions to hotel properties		(19,462)
Additions to property and equipment		0
Distributions from unconsolidated joint ventures in excess of earnings		490
Net cash flow provided by (used in) investing activities		(19,784)
Cash flows from financing activities
Proceeds from borrowings		29,000
Repayments of borrowings		(13,717)
Repurchase of common shares to satisfy employee withholding requirements		(814)
Contributions from members		0
Distributions to members		0
Distributions on preferred shares		(6,279)
Distributions on common shares		(8,326)
Distributions on Operating Partnership units		(38)
Payments of deferred financing costs		0
Contributions from noncontrolling interests		100
Preferred distributions - consolidated joint venture		(360)
Net cash flow used in financing activities		(434)
Net change in cash, cash equivalents, and restricted cash reserves		5,746
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents		72,554
FelCor Lodging LP
Cash flows from operating activities
Net income (loss)	6,441
Adjustments to reconcile net income (loss) to cash flow provided by operating activities:
Loss on sale of hotel properties, net	9,366
Depreciation and amortization	20,712
Amortization of deferred financing costs	72
Other amortization	(1,533)
Equity in (income) loss from unconsolidated joint ventures	(116)
Distributions of income from unconsolidated joint ventures	250
Amortization of fixed stock and directors' compensation	0
Gain on extinguishment of indebtedness	(12,929)
Impairment loss	0
Changes in assets and liabilities:
Related party rent receivable	33,336
Hotel and other receivables, net	0
Prepaid expense and other assets	3,300
Accounts payable and other liabilities	(6,903)
Advance deposits and deferred revenue	0
Accrued interest	(2,698)
Net cash flow provided by operating activities	49,298
Cash flows from investing activities
Proceeds from the sale of hotel properties, net	116,624
Improvements and additions to hotel properties	(18,141)
Additions to property and equipment	(3)
Distributions from unconsolidated joint ventures in excess of earnings	0
Net cash flow provided by (used in) investing activities	98,480
Cash flows from financing activities
Proceeds from borrowings	0
Repayments of borrowings	(539,512)
Repurchase of common shares to satisfy employee withholding requirements	0
Contributions from members	598,033
Distributions to members	(206,212)
Distributions on preferred shares	0
Distributions on common shares	0
Distributions on Operating Partnership units	0
Payments of deferred financing costs	(10)
Contributions from noncontrolling interests	0
Preferred distributions - consolidated joint venture	(366)
Net cash flow used in financing activities	(148,067)
Net change in cash, cash equivalents, and restricted cash reserves	(289)
Cash, cash equivalents, and restricted cash reserves, beginning of period	14,728
Cash, cash equivalents, and restricted cash reserves, end of period	13,025
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 17,742
FelCor Lodging LP | Predecessor
Cash flows from operating activities
Net income (loss)		(36,141)
Adjustments to reconcile net income (loss) to cash flow provided by operating activities:
Loss on sale of hotel properties, net		666
Depreciation and amortization		27,838
Amortization of deferred financing costs		1,046
Other amortization		0
Equity in (income) loss from unconsolidated joint ventures		130
Distributions of income from unconsolidated joint ventures		160
Amortization of fixed stock and directors' compensation		1,593
Gain on extinguishment of indebtedness		0
Impairment loss		24,838
Changes in assets and liabilities:
Related party rent receivable		0
Hotel and other receivables, net		(4,510)
Prepaid expense and other assets		4,689
Accounts payable and other liabilities		996
Advance deposits and deferred revenue		5,173
Accrued interest		(514)
Net cash flow provided by operating activities		25,964
Cash flows from investing activities
Proceeds from the sale of hotel properties, net		(812)
Improvements and additions to hotel properties		(19,462)
Additions to property and equipment		0
Distributions from unconsolidated joint ventures in excess of earnings		490
Net cash flow provided by (used in) investing activities		(19,784)
Cash flows from financing activities
Proceeds from borrowings		29,000
Repayments of borrowings		(13,717)
Repurchase of common shares to satisfy employee withholding requirements		(814)
Contributions from members		0
Distributions to members		0
Distributions on preferred shares		(6,279)
Distributions on common shares		(8,326)
Distributions on Operating Partnership units		(38)
Payments of deferred financing costs		0
Contributions from noncontrolling interests		100
Preferred distributions - consolidated joint venture		(360)
Net cash flow used in financing activities		(434)
Net change in cash, cash equivalents, and restricted cash reserves		5,746
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents		$ 72,554

Organization

Organization	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Rangers Sub I, LLC ("Rangers") is a Maryland limited liability company and a wholly-owned subsidiary of RLJ Lodging Trust, L.P. ("RLJ LP"). FelCor Lodging Trust Incorporated ("FelCor") merged into and with Rangers on August 31, 2017, as further described in Note 3 . In the Rangers consolidated financial statements, FelCor is presented as the Predecessor and Rangers is presented as the Successor. Rangers owns an indirect 99% partnership interest in FelCor Lodging Limited Partnership ("FelCor LP"). Rangers General Partner, LLC, also a wholly-owned subsidiary of RLJ LP, owns the remaining 1% partnership interest and is the sole general partner of FelCor LP. Rangers and FelCor LP are collectively referred to as the "Company." Substantially all of the Company’s assets and liabilities are held by, and all of its operations are conducted through FelCor LP. The Company owns primarily premium-branded, upper-upscale hotels located in major markets and resort locations. As of March 31, 2018 , the Company owned 34 hotel properties with approximately 10,240 rooms, located in 14 states. The Company, through wholly-owned subsidiaries, owned a 100% interest in 31 hotel properties, a 95% controlling interest in The Knickerbocker, and 50% interests in entities owning two hotel properties. The Company consolidates its real estate interests in the 32 hotel properties in which it holds a controlling financial interest, and the Company records the real estate interests in the two hotels in which it holds an indirect 50% interest using the equity method of accounting. The Company leases 33 of its 34 hotel properties to subsidiaries of RLJ LP.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies The combined Annual Report on Form 10-K for the year ended December 31, 2017 of Rangers and FelCor LP contains a discussion of the Company's significant accounting policies. Other than noted below, there have been no other significant changes to the Company's significant accounting policies since December 31, 2017 . Basis of Presentation and Principles of Consolidation The unaudited consolidated financial statements and related notes have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America ("GAAP") and in conformity with the rules and regulations of the Securities and Exchange Commission ("SEC") applicable to financial information. The unaudited financial statements include all adjustments that are necessary, in the opinion of management, to fairly state the consolidated balance sheets, statements of operations and comprehensive income (loss), statements of changes in equity (partners' capital) and statements of cash flows. The unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto as of and for the year ended December 31, 2017 , included in the combined Annual Report on Form 10-K of Rangers and FelCor LP filed with the SEC on March 2, 2018. The consolidated financial statements include the accounts of Rangers, FelCor LP and its wholly-owned subsidiaries, and joint ventures in which the Company has a majority voting interest and control. For the controlled subsidiaries that are not wholly-owned, the third-party ownership interest represents a noncontrolling interest, which is presented separately in the consolidated financial statements. The Company also records the real estate interests in two joint ventures in which it holds an indirect 50% interest using the equity method of accounting. All intercompany balances and transactions have been eliminated in consolidation. Reclassifications As a result of the merger with RLJ, certain prior period amounts in the Predecessor consolidated financial statements have been reclassified to conform to the financial statement presentation of the Company's parent company, RLJ. For the three months ended March 31, 2017, the following reclassifications were made to the consolidated statements of operations and comprehensive income (loss): • Approximately $144.9 million was reclassified from hotel operating revenue to room revenue. • Approximately $32.1 million was reclassified from hotel operating revenue to food and beverage revenue. • Approximately $10.7 million was reclassified from hotel operating revenue to other revenue. • Approximately $40.7 million was reclassified from hotel departmental expenses to room expense. • Approximately $26.2 million was reclassified from hotel departmental expenses to food and beverage expense. • Approximately $3.5 million was reclassified from hotel departmental expenses to other operating expense. • Approximately $0.8 million was reclassified from other expenses to property tax, insurance and other. • Approximately $0.5 million was reclassified from other expenses to transaction costs. • Approximately $33,000 was reclassified from interest expense, net to interest income. The reclassifications mentioned above had no impact to net income (loss), member's/shareholders’ equity (partners' capital) or cash flows. Use of Estimates The preparation of the Company’s financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and the amounts of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Revenue In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers , which supersedes or replaces nearly all GAAP revenue recognition guidance. The guidance establishes a new control-based revenue recognition model that changes the basis for deciding when revenue is recognized over time or at a point in time and expands the disclosures about revenue. The guidance also applies to sales of real estate and the new principles-based approach is largely based on the transfer of control of the real estate to the buyer. The Company adopted this standard on January 1, 2018 using the modified retrospective transition method. Based on the Company's assessment, the adoption of this standard did not have an impact to the Company's consolidated financial statements. Lease Revenue The Company's hotel properties are leased through intercompany lease agreements. The Company's hotel property-owning subsidiaries (the "Lessors") lease the hotel properties to lessees owned by FelCor TRS Holdings, LLC ("FelCor TRS"), a subsidiary of RLJ LP (the "Lessees"). Base lease revenue is reported as income by the Lessor on a straight-line basis over the lease term. Percentage lease revenue is reported as income by the Lessor over the lease term when it is earned and becomes receivable from the Lessees, according to the provisions of the respective lease agreements. The Lessees are in compliance with their rental obligations under their respective lease agreements. For the Predecessor period, the Company’s revenue consisted of room revenue, food and beverage revenue, and revenue from other hotel operating departments (such as parking fees, golf, pool and other resort fees, gift shop sales and other guest service fees). These revenues were recorded net of any sales and occupancy taxes collected from the hotel guests. All rebates or discounts were recorded as a reduction to revenue, and there are no material contingent obligations with respect to rebates and discounts offered by the hotels. All revenues were recorded on an accrual basis as they were earned. An allowance for doubtful accounts is the Company's best estimate of the amount of probable credit losses in the existing accounts receivable portfolio and it was recorded as a bad debt expense. The allowance for doubtful accounts was calculated as a percentage of the aged accounts receivable. Any cash received prior to a guest's arrival was recorded as an advance deposit from the guest and recognized as revenue at the time of the guest's occupancy at the hotel property. Investment in Hotel Properties The Company’s acquisitions generally consist of land, land improvements, buildings, building improvements, furniture, fixtures and equipment ("FF&E"), and inventory. The Company may also acquire intangible assets or liabilities related to in-place leases, management agreements, franchise agreements and advanced bookings. The Company allocates the purchase price among the assets acquired and the liabilities assumed based on their respective fair values at the date of acquisition. The Company determines the fair value by using market data and independent appraisals available to us and making numerous estimates and assumptions. Transaction costs are expensed for acquisitions that are considered business combinations and capitalized for asset acquisitions. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business . The guidance clarifies the definition of a business by adding guidance to assist companies and other reporting organizations with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. If substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single asset or a group of similar identifiable asset(s), then the transaction is considered to be an asset acquisition (or disposition). As a result of this standard, the Company anticipates the majority of its hotel purchases will be considered asset acquisitions as opposed to business combinations, although the determination will be made on a transaction-by-transaction basis. Transaction costs associated with asset acquisitions will be capitalized rather than expensed as incurred. The Company adopted this guidance on January 1, 2018 on a prospective basis. The Company does not believe the accounting for each future acquisition (or disposal) of assets or a business will be materially different, therefore, the adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. The Company’s investments in hotel properties are carried at cost and are depreciated using the straight-line method over the estimated useful lives of 15 years for land improvements, 15 years for building improvements, 40 years for buildings and three to five years for FF&E. Maintenance and repairs are expensed and major renewals or improvements to the hotel properties are capitalized. Indirect project costs, including interest, salaries and benefits, travel and other related costs that are directly attributable to the development, are also capitalized. Upon the sale or disposition of a hotel property, the asset and related accumulated depreciation accounts are removed and the related gain or loss is included in the gain or loss on sale of hotel properties in the consolidated statements of operations and comprehensive income. A sale or disposition of a hotel property that represents a strategic shift that has or will have a major effect on the Company's operations and financial results is presented as discontinued operations in the consolidated statements of operations and comprehensive income. The Company assesses the carrying value of its hotel properties whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. The recoverability is measured by comparing the carrying amount to the estimated future undiscounted cash flows which take into account current market conditions and the Company’s intent with respect to holding or disposing of the hotel properties. If the Company’s analysis indicates that the carrying value is not recoverable on an undiscounted cash flow basis, the Company will recognize an impairment loss for the amount by which the carrying value exceeds the fair value. The fair value is determined through various valuation techniques, including internally developed discounted cash flow models, comparable market transactions or third-party appraisals. Sale of Real Estate ASU 2014-09 also applies to the sale of real estate and the new principles-based approach is largely based on the transfer of control of the real estate to the buyer. In February 2017, the FASB issued ASU 2017-05, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets . This guidance clarifies that ASC 610-20 applies to the derecognition of nonfinancial assets, including real estate, and in substance nonfinancial assets, which are defined as assets or a group of assets for which substantially all of the fair value consists of nonfinancial assets and the group or subsidiary is not a business. As a result of this guidance, sales and partial sales of real estate assets will be accounted for similar to all other sales of nonfinancial and in substance nonfinancial assets. The Company adopted this guidance on January 1, 2018 using the modified retrospective transition method. Based on the Company's assessment, the adoption of this guidance did not have an impact on the Company's consolidated financial statements. Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . The guidance will require lessees to recognize a right-of-use asset and a lease liability for most of their leases on the balance sheet, and an entity will need to classify its leases as either an operating or finance lease in order to determine the income statement presentation. Leases with a term of 12 months or less will be accounted for similar to the existing guidance today for operating leases. Lessors will classify their leases using an approach that is substantially equivalent to the existing guidance today for operating, direct financing, or sales-type leases. Lessors may only capitalize the incremental direct costs of leasing, so any indirect costs of leasing will be expensed as incurred. The guidance requires an entity to separate the lease components from the non-lease components in a contract, with the lease components being accounted for in accordance with ASC 842 and the non-lease components being accounted for in accordance with other applicable accounting guidance. The guidance is effective for annual reporting periods beginning after December 15, 2018, and the interim periods within those annual periods, with early adoption permitted. The Company will adopt this new standard on January 1, 2019. The Company has not yet completed its analysis on this standard, but it believes the application of the new standard will result in the recording of a right-of-use asset and a lease liability on the consolidated balance sheet for each of its ground leases and equipment leases, which represent the majority of the Company's current operating lease payments. The Company does not expect the adoption of this standard will materially affect its consolidated statements of operations and comprehensive income.

Merger with RLJ Lodging Trust

Merger with RLJ Lodging Trust	3 Months Ended
	Mar. 31, 2018
Business Combinations [Abstract]
Merger with RLJ Lodging Trust	Merger with RLJ On August 31, 2017 (the "Acquisition Date"), RLJ Lodging Trust ("RLJ"), RLJ LP, Rangers, and Rangers Sub II, LP, a wholly-owned subsidiary of RLJ LP ("Partnership Merger Sub"), consummated the transactions contemplated by the definitive Agreement and Plan of Merger (the "Merger Agreement"), dated as of April 23, 2017, with FelCor and FelCor LP pursuant to which Partnership Merger Sub merged with and into FelCor LP, with FelCor LP surviving as a wholly-owned subsidiary of RLJ LP (the "Partnership Merger"), and, immediately thereafter, FelCor merged with and into Rangers, with Rangers surviving as a wholly-owned subsidiary of RLJ LP (the "REIT Merger" and, together with the Partnership Merger, the "Mergers"). RLJ accounted for the Mergers under the acquisition method of accounting in ASC 805, Business Combinations . In accordance with the guidance, RLJ elected to apply pushdown accounting to the Company's consolidated financial statements in order to reflect the new basis of accounting established by RLJ for the individual assets acquired and the liabilities assumed in the Mergers. Accordingly, the consolidated financial statements of the Company for the periods before and after the Acquisition Date reflect different bases of accounting, and the financial positions and the results of operations for those periods are not comparable. As a result, the consolidated financial statements and the notes to those financial statements are separated into two distinct periods; the periods prior to the Acquisition Date are identified as "Predecessor," and the periods after the Acquisition Date are identified as "Successor". The new basis of accounting for the assets and liabilities that existed on the Acquisition Date will be used in the preparation of the Company's future financial statements and footnotes. At the closing of the Mergers, FelCor LP had controlling financial interests in the Lessors, and FelCor TRS and its property-operating subsidiaries, the Lessees. The hotel properties were leased through intercompany lease agreements between the Lessors and the Lessees, resulting in the Lessees' lease payments being eliminated in consolidation. Immediately after the consummation of the Mergers and the push down of the allocation of the purchase price consideration, FelCor LP distributed its equity interests in FelCor TRS to RLJ LP. The Company accounted for the distribution as a transaction amongst entities under common control. As a result of the distribution of the equity interests in FelCor TRS, the Lessees' lease payments pursuant to the leases are no longer eliminated in consolidation. The following table reflects the new basis of accounting for the assets and liabilities that existed on the Acquisition Date and the impact of the distribution of the equity interests in FelCor TRS to RLJ LP : August 31, 2017 New Basis Before FelCor TRS Distribution New Basis After FelCor TRS Distribution Investment in hotel properties $ 2,661,114 $ (2,000 ) $ 2,659,114 Investment in unconsolidated joint ventures 25,651 (7,900 ) 17,751 Cash and cash equivalents 47,396 (40,878 ) 6,518 Restricted cash reserves 17,038 (10,989 ) 6,049 Hotel and other receivables 28,308 (28,308 ) — Deferred income tax assets 58,170 (58,170 ) — Intangible assets 139,673 (20,262 ) 119,411 Prepaid expenses and other assets 23,811 (11,417 ) 12,394 Debt (1,305,337 ) — (1,305,337 ) Accounts payable and other liabilities (118,360 ) 52,995 (65,365 ) Advance deposits and deferred revenue (23,795 ) 23,795 — Accrued interest (22,612 ) — (22,612 ) Distributions payable (4,312 ) — (4,312 ) Total equity $ 1,526,745 $ (103,134 ) $ 1,423,611 RLJ used the following valuation methodologies, inputs, and assumptions to estimate the fair value of the assets acquired, the liabilities assumed, and the equity interests acquired: • Investment in hotel properties — RLJ estimated the fair values of the land and improvements, buildings and improvements, and furniture, fixtures, and equipment at the hotel properties by using a combination of the market, cost, and income approaches. These valuation methodologies are based on significant Level 3 inputs in the fair value hierarchy, such as estimates of future income growth, capitalization rates, discount rates, capital expenditures, and cash flow projections at the respective hotel properties. • Investment in unconsolidated joint ventures — RLJ estimated the fair value of its real estate interests in the unconsolidated joint ventures by using the same valuation methodologies for the investment in hotel properties noted above. In addition, RLJ estimated the fair value of an unconsolidated joint venture's mortgage loan by using the same valuation methodology for the debt noted below. RLJ recognized the net assets acquired based on its respective ownership interest in the joint venture according to the joint venture agreement. • Deferred income tax assets — RLJ estimated the future realizable value of the deferred income tax assets by estimating the amount of the net operating loss that will be utilized in future periods by the acquired taxable REIT subsidiaries. RLJ then applied its applicable effective tax rate against the net operating losses to determine the appropriate deferred income tax assets to recognize. This valuation methodology is based on Level 3 inputs in the fair value hierarchy. • Intangible assets — RLJ estimated the fair value of its below market ground lease intangible assets by calculating the present value of the difference between the contractual rental amounts paid according to the in-place lease agreements and the market rental rates for similar leased space, measured over a period equal to the remaining non-cancelable term of the lease. This valuation methodology is based on Level 3 inputs in the fair value hierarchy. The below market ground lease intangible assets are amortized over the remaining terms of the respective leases as adjustments to rental expense in property tax, insurance and other in the consolidated statements of operations and comprehensive income (loss). The Company estimated the fair value of the advanced bookings intangible assets by using the income approach to determine the projected cash flows that a hotel property will receive as a result of future hotel room and guest events that have already been reserved and pre-booked at the hotel property as of the Acquisition Date. This valuation methodology is based on Level 3 inputs in the fair value hierarchy. The advanced bookings intangible asset is amortized over the duration of the hotel room and guest event reservations period at the hotel property to depreciation and amortization in the consolidated statements of operations and comprehensive income (loss). The Company recognized the following intangible assets in the Mergers (dollars in thousands): Weighted Average Amortization Period (in Years) Below market ground leases $ 118,050 54 Advanced bookings 13,862 1 Other intangible assets 7,761 6 Total intangible assets $ 139,673 46 • Above market ground lease liabilities — RLJ estimated the fair value of its above market ground lease liabilities by calculating the present value of the difference between the contractual rental amounts paid according to the in-place lease agreements and the market rental rates for similar leased space, measured over a period equal to the remaining non-cancelable term of the lease. This valuation methodology is based on Level 3 inputs in the fair value hierarchy. The Company recognized approximately $15.5 million of above market ground lease liabilities in the Mergers, which are included in accounts payable and other liabilities in the accompanying consolidated balance sheet. The above market ground lease liabilities are amortized over the remaining terms of the respective leases as adjustments to rental expense in property tax, insurance and other in the consolidated statements of operations and comprehensive income (loss). • Debt — RLJ estimated the fair value of the Senior Notes (as defined in Note 7) by using publicly available trading prices, market interest rates, and spreads for the Senior Notes, which are Level 3 inputs in the fair value hierarchy. RLJ estimated the fair value of the mortgage loans using a discounted cash flow model and incorporated various inputs and assumptions for the effective borrowing rates for debt with similar terms and the loan to estimated fair value of the collateral, which are Level 3 inputs in the fair value hierarchy. The Company recognized approximately $71.7 million in above market debt fair value adjustments on the Senior Notes and the mortgage loans assumed in the Mergers, which is included in debt, net in the accompanying consolidated balance sheet. The above market debt fair value adjustments are amortized over the remaining terms of the respective debt instruments as adjustments to interest expense in the consolidated statements of operations and comprehensive income (loss). • Noncontrolling interest in consolidated joint ventures — RLJ estimated the fair value of the consolidated joint ventures by using the same valuation methodologies for the investment in hotel properties noted above. RLJ then recognized the fair value of the noncontrolling interest in the consolidated joint ventures based on the joint venture partner's ownership interest in the consolidated joint venture. This valuation methodology is based on Level 3 inputs and assumptions in the fair value hierarchy. • Preferred equity in a consolidated joint venture — RLJ estimated the fair value of the preferred equity in a consolidated joint venture by comparing the contractual terms of the preferred equity agreement to market-based terms of a similar preferred equity agreement, which is based on Level 3 inputs in the fair value hierarchy. • Restricted cash reserves, hotel and other receivables, prepaid expenses and other assets, accounts payable and other liabilities, advance deposits and deferred revenue, accrued interest, and distributions payable — The carrying amounts of the assets acquired, the liabilities assumed, and the equity interests acquired approximate fair value because of their short term maturities. For the three months ended March 31, 2018, the Company recognized approximately $1.4 million of integration costs. For the Predecessor three months ended March 31, 2017, the Company recognized approximately $0.5 million of transaction costs. The transaction costs primarily related to financial advisory, legal, accounting, other professional service fees, and other transaction-related costs in connection with the Mergers. The integration costs primarily related to employee-related costs, including compensation for transition employees. The merger-related transaction and integration costs noted above were expensed to transaction costs in the consolidated statements of operations and comprehensive income (loss). During the three months ended March 31, 2018 and 2017 , the Company did not acquire any hotel properties.

Investment in Hotel Properties

Investment in Hotel Properties	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Investment in Hotel Properties	Investment in Hotel Properties Investment in hotel properties consisted of the following (in thousands): March 31, 2018 December 31, 2017 Land and improvements $ 579,640 $ 597,451 Buildings and improvements 1,711,158 1,801,302 Furniture, fixtures and equipment 119,659 126,590 2,410,457 2,525,343 Accumulated depreciation (46,117 ) (27,463 ) Investment in hotel properties, net $ 2,364,340 $ 2,497,880 For the three months ended March 31, 2018 , the Company recognized depreciation expense related to its investment in hotel properties of approximately $20.5 million . For the Predecessor three months ended March 31, 2017 , the Company recognized depreciation expense related to its investment in hotel properties of approximately $27.7 million . Impairment The Company determined that there was no impairment of any assets for the three months ended March 31, 2018 . During the Predecessor three months ended March 31, 2017 , the Company recorded an impairment loss of $24.8 million related to one hotel property. The impairment charge was based on both third-party offers to purchase the hotel property and observable market data on a price per room basis from transactions involving hotel properties in similar locations (a Level 2 input in the fair value hierarchy).

Investment in Unconsolidated En

Investment in Unconsolidated Entities	3 Months Ended
	Mar. 31, 2018
Investment in Unconsolidated Entities [Abstract]
Investment in Unconsolidated Entities	Investment in Unconsolidated Joint Ventures As of March 31, 2018 and December 31, 2017 , the Company owned 50% interests in joint ventures that owned two hotel properties. The Company accounts for the investments in these unconsolidated joint ventures under the equity method of accounting. The Company makes adjustments to the equity in income (loss) from unconsolidated joint ventures related to the difference between the Company's basis in the investment in the unconsolidated joint ventures as compared to the historical basis of the assets and liabilities of the joint ventures. As of March 31, 2018 and December 31, 2017 , the unconsolidated entities' debt consisted entirely of non-recourse mortgage debt. The following table summarizes the components of the Company's investments in unconsolidated joint ventures (in thousands): March 31, 2018 December 31, 2017 Equity basis of the joint venture investments $ (4,587 ) $ (4,733 ) Cost of the joint venture investments in excess of the joint venture book value 21,365 21,645 Investment in unconsolidated joint ventures $ 16,778 $ 16,912 The following table summarizes the components of the Company's equity in income (loss) from unconsolidated joint ventures (in thousands): Successor Predecessor For the three months ended March 31, For the three months ended March 31, 2018 2017 Unconsolidated joint ventures net income (loss) attributable to the Company $ 396 $ (33 ) Depreciation of cost in excess of book value (280 ) (97 ) Equity in income (loss) from unconsolidated joint ventures $ 116 $ (130 )

Sale of Hotel Properties

Sale of Hotel Properties	3 Months Ended
	Mar. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
Sale of Hotel Properties	Sale of Hotel Properties During the three months ended March 31, 2018 , the Company sold two hotel properties for a total sale price of approximately $119.2 million . In conjunction with these transactions, the Company recorded a $9.4 million loss on sale, which is included in loss on sale of hotel properties in the accompanying consolidated statement of operations and comprehensive income (loss). The loss on sale included approximately $1.5 million in lease termination fees as a result of early terminating the TRS Leases with the lessees at both hotel properties. The following table discloses the hotel properties that were sold during the three months ended March 31, 2018 : Hotel Property Name Location Sale Date Rooms Embassy Suites Boston Marlborough Marlborough, MA February 21, 2018 229 Sheraton Philadelphia Society Hill Hotel Philadelphia, PA March 27, 2018 364 Total 593 During the Predecessor three months ended March 31, 2017 , the Company did not sell any hotel properties.

Debt

Debt	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Debt	Debt The Company's debt consisted of the following (in thousands): Outstanding Borrowings at Successor Successor Number of Assets Encumbered Interest Rate at March 31, 2018 Maturity Date March 31, 2018 December 31, 2017 Senior secured notes (1)(2)(3) 9 5.63% March 2023 $ — $ 552,669 Senior unsecured notes (1)(2)(4) — 6.00% June 2025 508,866 510,047 PNC Bank/Wells Fargo (5) 4 4.95% October 2022 120,131 120,893 Prudential (6) 1 4.94% October 2022 30,132 30,323 Scotiabank (1) (7) 1 LIBOR + 3.00% November 2018 85,294 85,404 15 744,423 1,299,336 Deferred financing costs, net (169 ) (231 ) Debt, net $ 744,254 $ 1,299,105 (1) Requires payments of interest only through maturity. (2) The senior secured notes include $28.7 million at December 31, 2017, and the senior unsecured notes include $33.9 million and $35.1 million at March 31, 2018 and December 31, 2017, respectively, related to fair value adjustments that RLJ pushed down to the Company's consolidated financial statements as a result of the Mergers. (3) On March 9, 2018, the Company completed the early redemption of the senior secured notes in full for an aggregate amount of approximately $539.0 million , which included the redemption price of 102.813% for the outstanding principal amount. The Company recognized a gain of approximately $12.9 million on the early redemption, which is included in gain on extinguishment of indebtedness in the accompanying consolidated statements of operations and comprehensive income (loss). (4) The Company has the option to redeem the senior unsecured notes beginning June 1, 2020 at a premium of 103.0% . (5) Includes $2.9 million and $3.0 million at March 31, 2018 and December 31, 2017, respectively, related to fair value adjustments on the mortgage loans that RLJ pushed down to the Company's consolidated financial statements as a result of the Mergers. (6) Includes $0.7 million and $0.7 million at March 31, 2018 and December 31, 2017, respectively, related to a fair value adjustment on the mortgage loan that RLJ pushed down to the Company's consolidated financial statements as a result of the Mergers. (7) Includes $0.3 million and $0.4 million at March 31, 2018 and December 31, 2017, respectively, related to a fair value adjustment on the mortgage loan that RLJ pushed down to the Company's consolidated financial statements as a result of the Mergers. The senior unsecured notes and the senior secured notes (collectively, the "Senior Notes"), and certain mortgage agreements are subject to customary financial covenants. The Company was in compliance with all financial covenants at March 31, 2018 and December 31, 2017 . Interest Expense During the three months ended March 31, 2018 , the Company recognized $13.1 million of interest expense. During the Predecessor three months ended March 31, 2017 , the Company recognized $19.3 million of interest expense, which is net of capitalized interest of $0.4 million .

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value	Fair Value Fair Value Measurement Fair value is defined as the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date in the principal or most advantageous market. The fair value hierarchy has three levels of inputs, both observable and unobservable: • Level 1 — Inputs include quoted market prices in an active market for identical assets or liabilities. • Level 2 — Inputs are market data, other than Level 1, that are observable either directly or indirectly. Level 2 inputs include quoted market prices for similar assets or liabilities, quoted market prices in an inactive market, and other observable information that can be corroborated by market data. • Level 3 — Inputs are unobservable and corroborated by little or no market data. Fair Value of Financial Instruments The Company used the following market assumptions and/or estimation methods: • Cash and cash equivalents, restricted cash reserves, hotel and other receivables, accounts payable and other liabilities — The carrying amounts reported in the consolidated balance sheets for these financial instruments approximate fair value because of their short term maturities. • Debt — The Senior Notes had an estimated fair value of approximately $1.0 billion at December 31, 2017 . On March 9, 2018, the Company completed the early redemption of the senior secured notes in full for an aggregate amount of approximately $539.0 million . The senior unsecured notes had an estimated fair value of approximately $496.2 million at March 31, 2018 . The Company estimated the fair value of the Senior Notes by using publicly available trading prices, market interest rates, and spreads for the Senior Notes, which are Level 2 and Level 3 inputs in the fair value hierarchy. The mortgage loans had an estimated fair value of approximately $235.6 million and $236.2 million at March 31, 2018 and December 31, 2017 , respectively. The Company estimated the fair value of the mortgage loans by using a discounted cash flow model and incorporating various inputs and assumptions for the effective borrowing rates for debt with similar terms and the loan to estimated fair value of the collateral, which are Level 3 inputs in the fair value hierarchy. The total estimated fair value of the Company's debt was $731.8 million and $1.3 billion at March 31, 2018 and December 31, 2017 , respectively. The total carrying value of the Company's debt was $744.3 million and $1.3 billion at March 31, 2018 and December 31, 2017 , respectively.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Restricted Cash Reserves The Company is obligated to maintain cash reserve funds for future capital expenditures at the hotels (including the periodic replacement or refurbishment of furniture, fixtures and equipment ("FF&E") as determined pursuant to the management agreements, franchise agreements and/or mortgage loan documents. The management agreements, franchise agreements and/or mortgage loan documents require the Company to reserve cash ranging typically from 4.0% to 5.0% of the individual hotel’s revenues and maintain the reserves in restricted cash reserve escrows. Any unexpended amounts will remain the property of the Company upon termination of the management agreements, franchise agreements or mortgage loan documents. As of March 31, 2018 and December 31, 2017 , approximately $4.7 million and $3.3 million , respectively, was available in the restricted cash reserves for future capital expenditures, real estate taxes and insurance. Minimum Lease Payments In the future, the Company will receive rental income from the Lessees under its lease agreements. The lease agreements contain a specific base rent amount or a percentage rent amount, which is calculated based on a percentage of room revenues, food and beverage revenues, and other revenues at the hotel properties. The lease agreements will expire in 2018 ( one hotel), 2019 ( 24 hotels), 2022 ( seven hotels), and thereafter ( one hotel). As of March 31, 2018 , the future minimum lease payments to the Company under the noncancelable operating leases were as follows (in thousands): 2018 $ 80,231 2019 69,296 2020 (1) — 2021 (1) — 2022 (1) — Thereafter (1) — Total $ 149,527 (1) In 2020, the lease terms for the in-place lease agreements will be reset to market-based rental terms. At that time, the future minimum lease payments to the Company under the noncancelable operating leases will be determined. Litigation Other than the legal proceeding mentioned below, neither the Company nor any of its subsidiaries is currently involved in any regulatory or legal proceedings that management believes will have a material and adverse effect on the Company's financial position, results of operations or cash flows. Prior to the Mergers, on March 24, 2016, an affiliate of InterContinental Hotels Group PLC ("IHG"), which was previously the hotel management company for three of the Company’s hotels ( two of which were sold in 2006, and one of which was converted by the Company into a Wyndham brand and operation in 2013), notified the Company that the National Retirement Fund in which the employees at those hotels had participated had assessed a withdrawal liability of $8.3 million , with required quarterly payments including interest, in connection with the termination of IHG’s operation of those hotels. The Company’s hotel management agreements with IHG stated that it may be obligated to indemnify and hold IHG harmless for some or all of any amount ultimately contributed to the pension trust fund with respect to those hotels. Based on the current assessment of the claim, the resolution of this matter may not occur until 2022. As of March 31, 2018 , the Company maintained an accrual of approximately $5.1 million for the future quarterly payments to the pension trust fund, which is included in accounts payable and other liabilities in the accompanying consolidated balance sheet. The Company plans to vigorously defend the underlying claims and, if appropriate, IHG’s demand for indemnification. Management Agreements As discussed in Note 3 , Merger with RLJ, the Company distributed its equity interests in FelCor TRS to RLJ LP immediately after consummation of the Mergers. As a result of the distribution of its equity interests in FelCor TRS, the Company's consolidated financial statements do not include the financial information related to the Lessees' management agreements. During the Predecessor comparative period, the Company's hotel properties were operated pursuant to long-term management agreements with initial terms ranging from 5 to 20 years. Certain hotel properties also received the benefits of a franchise agreement pursuant to management agreements with Hilton, Wyndham, Marriott and other hotel brands. The management agreements, including those that include the benefits of a franchise agreement, have a base management fee generally between 2.0% and 5.0% of hotel revenues. The management companies are also eligible to receive an incentive management fee if hotel operating income, as defined in the management agreements, exceeds certain thresholds. The incentive management fee is generally calculated as a percentage of hotel operating income after the Company has received a priority return on its investment in the hotel. Management fees are included in management and franchise fee expense in the accompanying consolidated statements of operations and comprehensive income (loss). For the Predecessor three months ended March 31, 2017 , the Company recognized management fee expense of approximately $7.2 million . The Wyndham management agreements guarantee minimum levels of annual net operating income at each of the Wyndham-managed hotels for each year of the initial 10 -year term to 2023, subject to an aggregate $100 million limit over the term and an annual $21.5 million limit. For the Predecessor three months ended March 31, 2017 , the Company recorded $1.0 million for the pro-rata portion of the projected aggregate full-year guaranties. The Company recognized this amount as a reduction of Wyndham's contractual management and other fees. Franchise Agreements As discussed in Note 3 , Merger with RLJ, the Company distributed its equity interests in FelCor TRS to RLJ LP immediately after consummation of the Mergers. As a result of the distribution of its equity interests in FelCor TRS, the Company's consolidated financial statements do not include the financial information related to the Lessees' franchise agreements. During the Predecessor comparative periods, certain of the Company’s hotel properties were operated under franchise agreements with initial terms of 15 years. These franchise agreements exclude certain hotel properties that received the benefits of a franchise agreement pursuant to management agreements with Hilton, Wyndham, Marriott and other hotel brands. In addition, The Knickerbocker is not operated with a hotel brand so the hotel did not have a franchise agreement. Franchise agreements allow the hotel properties to operate under the respective brands. Pursuant to the franchise agreements, the Company pays a royalty fee, generally 5.5% of room revenue, plus additional fees for marketing, central reservation systems and other franchisor costs of 4.0% of room revenue. Franchise fees are included in management and franchise fee expense in the accompanying consolidated statements of operations and comprehensive income. For the Predecessor three months ended March 31, 2017 , the Company recognized franchise fee expense of approximately $0.3 million .

Equity

Equity	3 Months Ended
	Mar. 31, 2018
Equity [Abstract]
Equity	Equity Successor Period Rangers Ownership Interests/FelCor LP Partnership Interests As of March 31, 2018 , RLJ LP owned 100% of the ownership interests and was the sole managing member of Rangers. In addition, Rangers owned, through indirect interests, 99.0% of the partnership interests in FelCor LP. Rangers consolidates FelCor LP for financial reporting purposes as a result of its controlling financial interest. Rangers General Partner, LLC's 1.0% partnership interest in FelCor LP is recognized as a noncontrolling interest in FelCor LP on the consolidated balance sheets of Rangers. Consolidated Joint Venture Preferred Equity The Company's joint venture that redeveloped The Knickerbocker raised $45.0 million ( $44.4 million net of issuance costs) through the sale of redeemable preferred equity under the EB-5 Immigrant Investor Program. The purchasers receive a 3.25% current annual return (which increases to 8% if the Company does not redeem the equity interest before the fifth anniversary of the respective equity issuance), plus a 0.25% non-compounding annual return payable at redemption. As of March 31, 2018 , the joint venture had received $45.0 million in gross proceeds. The preferred equity raised by the joint venture is included in preferred equity in a consolidated joint venture on the consolidated balance sheets. Predecessor Period Common Stock In 2015, FelCor's Board of Directors authorized a share repurchase program to acquire up to $100.0 million of FelCor's shares of common stock, par value $0.01 per share (the "Common Stock"), through October 31, 2017. During the Predecessor three months ended March 31, 2017 , FelCor did not repurchase and retire any of its shares of Common Stock. Upon completion of the REIT Merger, each issued and outstanding share of Common Stock was converted into the right to receive 0.362 common shares of RLJ. Accordingly, for the Successor period, FelCor no longer has any issued, outstanding, or authorized shares of Common Stock. Preferred Stock/Units FelCor's Board of Directors authorized the issuance of up to 20 million shares of preferred stock in one or more series. FelCor's $1.95 Series A cumulative convertible preferred stock, par value $0.01 per share (the "Series A Preferred Stock") (units), had an annual cumulative dividend (distribution) that was payable in arrears equal to the greater of $1.95 per share (unit) or the cash distributions declared or paid for the corresponding period on the number of shares of Common Stock (units) into which the Series A Preferred Stock (units) is then convertible. Each share of Series A Preferred Stock (unit) was convertible at the holder's option to 0.7752 shares of Common Stock (units), subject to certain adjustments. Upon completion of the REIT Merger, each issued and outstanding share of Series A Preferred Stock was converted into the right to receive one $1.95 Series A Cumulative Convertible Preferred Share, par value $0.01 per share, of RLJ. Accordingly, for the Successor period, FelCor no longer has any issued, outstanding, or authorized shares of Series A Preferred Stock.

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interests/Units in FelCor LP	3 Months Ended
	Mar. 31, 2018
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interests/Units in FelCor LP	Redeemable Noncontrolling Interests/Units in FelCor LP In the Predecessor period, FelCor recorded the redeemable noncontrolling interests in FelCor LP, and FelCor LP recorded the redeemable units, in the mezzanine section (between liabilities and equity/partners' capital) of the consolidated balance sheets because of the redemption feature of the units. The redeemable noncontrolling interests/redeemable units held by the limited partners were redeemable for shares of Common Stock, or at the option of FelCor, for cash. Additionally, FelCor's consolidated statements of operations and comprehensive income (loss) separately present earnings attributable to the redeemable noncontrolling interests. FelCor adjusted the redeemable noncontrolling interests in FelCor LP (or redeemable units) each reporting period to reflect the greater of the carrying value based on the accumulation of historical costs or the redemption value. FelCor based the historical cost on the proportionate relationship between the carrying value of the equity associated with FelCor's common stockholders relative to that of FelCor LP's unitholders. FelCor based the redemption value on the closing price of the Common Stock at the end of the reporting period. FelCor allocated the net income (loss) to FelCor LP's noncontrolling limited partners based on their weighted average ownership percentage during the period. The following table summarizes the changes in the redeemable noncontrolling interests (or redeemable units) (in thousands): Predecessor For the three months ended March 31, 2017 Balance at beginning of the period $ 4,888 Redemption value allocation (81 ) Distributions paid to unitholders (38 ) Net loss (186 ) Balance at end of the period $ 4,583 Upon completion of the Partnership Merger, each outstanding FelCor LP Common Unit was converted into 0.362 common units of limited partnership interest in RLJ LP, unless the respective limited partner of FelCor LP elected to redeem his or her FelCor LP Common Units and receive 0.362 common shares of RLJ. Accordingly, for the Successor period, the Company no longer recognizes a redeemable noncontrolling interest (or redeemable units) in FelCor LP on the consolidated balance sheets.

Earnings (Loss) per Common Shar

Earnings (Loss) per Common Share/Unit	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Earnings (Loss) per Common Share/Unit	Loss per Common Share/Unit Successor Period For the Successor period, RLJ LP, through direct and indirect wholly-owned subsidiaries, owns 100% of the ownership interests and is the sole member and partner of Rangers and FelCor LP, respectively. Predecessor Period Basic earnings (loss) per common share/unit is calculated by dividing net income (loss) attributable to common shareholders (unitholders) by the weighted-average number of common shares (units) outstanding during the period excluding the weighted-average number of unvested restricted shares (units) outstanding during the period. Diluted earnings per common share/unit is calculated by dividing net income attributable to common shareholders (unitholders) by the weighted-average number of common shares (units) outstanding during the period, plus any shares (units) that could potentially be outstanding during the period. The potential shares (units) consist of the unvested restricted share (unit) grants and unvested performance units, calculated using the treasury stock method. Any anti-dilutive shares (units) have been excluded from the diluted earnings (loss) per share (unit) calculation. Unvested share-based payment awards that contain non-forfeitable rights to dividends (distributions) or dividend (distribution) equivalents (whether paid or unpaid) are participating shares (units) and are considered in the computation of earnings (loss) per share (unit) pursuant to the two-class method. If there were any undistributed earnings allocable to the participating shares (units), they would be deducted from net income (loss) attributable to common shareholders (unitholders) used in the basic and diluted earnings (loss) per share (unit) calculations. The limited partners’ outstanding limited partnership units in FelCor LP (which may be redeemed for common shares of beneficial interest under certain circumstances) have been excluded from the diluted earnings (loss) per share (unit) calculation as there was no effect on the per share (unit) amounts, since the limited partners’ share of income would also be added back to net income (loss) attributable to common shareholders. The computation of basic and diluted earnings (loss) per common share (unit) is as follows (in thousands, except share/unit and per share/unit data): Rangers Loss Per Common Share Predecessor For the three months ended March 31, 2017 Numerator: Net loss attributable to Rangers $ (35,911 ) Less: Preferred dividends (6,279 ) Less: Dividends paid on unvested restricted stock (37 ) Numerator for the loss attributable to Rangers common stockholders excluding amounts attributable to unvested restricted stock $ (42,227 ) Denominator: Weighted-average number of common shares - basic 137,777,651 Weighted-average number of common shares - diluted 137,777,651 Basic and diluted loss per share: Net loss $ (0.31 ) FelCor LP Loss Per Common Unit Predecessor For the three months ended March 31, 2017 Numerator: Net loss attributable to FelCor LP $ (36,097 ) Less: Preferred distributions (6,279 ) Less: Distributions paid on FelCor unvested restricted stock (37 ) Numerator for the net loss attributable to FelCor LP common unitholders excluding amounts attributable to FelCor unvested restricted stock $ (42,413 ) Denominator: Weighted-average number of common units - basic 138,387,834 Weighted-average number of common units - diluted 138,387,834 Basic and diluted loss per unit: Net loss $ (0.31 )

Supplemental Information to Sta

Supplemental Information to Statements of Cash Flows	3 Months Ended
	Mar. 31, 2018
Supplemental Cash Flow Elements [Abstract]
Supplemental Information to Statements of Cash Flows	Supplemental Information to the Statements of Cash Flows The following supplemental information to the Statements of Cash Flows is for both Rangers and FelCor LP (in thousands): Successor Predecessor For the three months ended March 31, For the three months ended March 31, 2018 2017 Reconciliation of cash, cash equivalents, and restricted cash reserves Cash and cash equivalents $ 13,025 $ 50,235 Restricted cash reserves 4,717 22,319 Cash, cash equivalents, and restricted cash reserves $ 17,742 $ 72,554 Interest paid, net of capitalized interest $ 18,188 $ 18,787 Income taxes (refund) paid $ (169 ) $ 224 Supplemental investing and financing transactions In conjunction with the sale of hotel properties, the Company recorded the following: Sale of hotel properties $ 119,200 $ — Transaction costs (2,576 ) (812 ) Proceeds from the sale of hotel properties, net $ 116,624 $ (812 ) Supplemental non-cash transactions Accrued capital expenditures $ 3,508 $ 5,081

FelCor LP's Consolidating Finan

FelCor LP's Consolidating Financial Information	3 Months Ended
	Mar. 31, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
FelCor LP's Consolidating Financial Information	FelCor LP's Consolidating Financial Information Certain of FelCor LP's 100% owned subsidiaries (FCH/PSH, L.P.; FelCor/CMB Buckhead Hotel, L.L.C.; FelCor/CMB Marlborough Hotel, L.L.C.; FelCor/CMB Orsouth Holdings, L.P.; FelCor/CMB SSF Holdings, L.P.; FelCor/CSS Holdings, L.P.; FelCor Dallas Love Field Owner, L.L.C.; FelCor Milpitas Owner, L.L.C.; FelCor TRS Borrower 4, L.L.C.; FelCor Hotel Asset Company, L.L.C.; FelCor St. Pete (SPE), L.L.C.; FelCor Esmeralda (SPE), L.L.C.; FelCor S-4 Hotels (SPE), L.L.C.; Madison 237 Hotel, L.L.C.; Myrtle Beach Owner, L.L.C.; and Royalton 44 Hotel, L.L.C., collectively the “Subsidiary Guarantors”), together with Rangers, guaranty, fully and unconditionally, except where subject to customary release provisions as described below, and jointly and severally, our senior notes debt. The guaranties by the Subsidiary Guarantors may be automatically and unconditionally released upon (i) the sale or other disposition of all of the capital stock of the Subsidiary Guarantor or the sale or disposition of all or substantially all of the assets of the Subsidiary Guarantor, if, in each case, as a result of such sale or disposition, such Subsidiary Guarantor ceases to be a subsidiary of FelCor LP, (ii) the consolidation or merger of any such Subsidiary Guarantor with any person other than FelCor LP, or a subsidiary of FelCor LP, if, as a result of such consolidation or merger, such Subsidiary Guarantor ceases to be a subsidiary of the Operating Partnership, (iii) a legal defeasance or covenant defeasance of the indenture, (iv) the unconditional and complete release of such Subsidiary Guarantor in accordance with the modification and waiver provisions of the indenture, or (v) the designation of a restricted subsidiary that is a Subsidiary Guarantor as an unrestricted subsidiary under and in compliance with the indenture. For the Predecessor period, FelCor TRS was a subsidiary guarantor in the condensed consolidating balance sheet, the condensed consolidating statements of operations and comprehensive income, and the condensed consolidating statements of cash flows. Pursuant to the terms of each of the indentures governing the Senior Notes, upon completion of the distribution of the equity interests in FelCor TRS, FelCor TRS' guarantee of the Senior Notes was automatically released and FelCor TRS Holdings, L.L.C. ceased being a subsidiary guarantor of the Senior Notes. Accordingly, FelCor TRS is not a subsidiary guarantor in the FelCor LP consolidating financial information for the Company. The following tables present the consolidating financial information for the Subsidiary Guarantors: FelCor Lodging Limited Partnership Condensed Consolidating Balance Sheet March 31, 2018 (Successor) (in thousands) FelCor LP Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Total Consolidated Equity investment in consolidated entities $ 2,216,746 $ — $ — $ (2,216,746 ) $ — Investment in hotel properties, net — 727,113 1,637,227 — 2,364,340 Intangible assets, net — 48,199 69,040 — 117,239 Investment in unconsolidated joint ventures 16,778 — — — 16,778 Cash and cash equivalents 9,214 — 3,811 — 13,025 Restricted cash reserves 436 — 4,281 — 4,717 Related party rent receivable — 14,915 31,839 — 46,754 Prepaid expense and other assets 2,384 1,746 5,019 — 9,149 Total assets $ 2,245,558 $ 791,973 $ 1,751,217 $ (2,216,746 ) $ 2,572,002 Debt, net $ 508,866 $ — $ 268,097 $ (32,709 ) $ 744,254 Accounts payable and other liabilities 10,903 14,572 16,861 — 42,336 Related party lease termination fee payable — 1,536 7,707 — 9,243 Accrued interest 9,588 — — — 9,588 Distributions payable — — 126 — 126 Total liabilities 529,357 16,108 292,791 (32,709 ) 805,547 Partnership interests 1,716,201 775,865 1,408,172 (2,184,037 ) 1,716,201 Total FelCor LP partners' capital 1,716,201 775,865 1,408,172 (2,184,037 ) 1,716,201 Noncontrolling interests — — 5,824 — 5,824 Preferred capital in a consolidated joint venture — — 44,430 — 44,430 Total partners’ capital 1,716,201 775,865 1,458,426 (2,184,037 ) 1,766,455 Total liabilities and partners’ capital $ 2,245,558 $ 791,973 $ 1,751,217 $ (2,216,746 ) $ 2,572,002 FelCor Lodging Limited Partnership Condensed Consolidating Balance Sheet December 31, 2017 (Successor) (in thousands) FelCor LP Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Total Consolidated Investment in hotel properties, net $ — $ 856,541 $ 1,641,339 $ — $ 2,497,880 Intangible assets, net — 48,846 69,324 — 118,170 Equity investment in consolidated entities 2,384,094 — — (2,384,094 ) — Investment in unconsolidated joint ventures 16,912 — — — 16,912 Cash and cash equivalents 9,202 — 5,526 — 14,728 Restricted cash reserves 436 — 2,867 — 3,303 Related party rent receivable — 32,200 47,890 — 80,090 Prepaid expense and other assets 4,405 3,292 4,994 — 12,691 Total assets $ 2,415,049 $ 940,879 $ 1,771,940 $ (2,384,094 ) $ 2,743,774 Debt, net $ 1,062,716 $ — $ 269,098 $ (32,709 ) $ 1,299,105 Accounts payable and other liabilities 20,018 13,605 20,568 — 54,191 Related party lease termination fee payable — — 7,707 — 7,707 Accrued interest 12,286 — — — 12,286 Distributions payable — — 126 — 126 Total liabilities 1,095,020 13,605 297,499 (32,709 ) 1,373,415 Partnership interests 1,320,029 927,274 1,424,111 (2,351,385 ) 1,320,029 Total FelCor LP partners’ capital 1,320,029 927,274 1,424,111 (2,351,385 ) 1,320,029 Noncontrolling interests — — 5,900 — 5,900 Preferred capital in a consolidated joint venture — — 44,430 — 44,430 Total partners’ capital 1,320,029 927,274 1,474,441 (2,351,385 ) 1,370,359 Total liabilities and partners’ capital $ 2,415,049 $ 940,879 $ 1,771,940 $ (2,384,094 ) $ 2,743,774 FelCor Lodging Limited Partnership Condensed Consolidating Statement of Operations and Comprehensive Income For the Three Months Ended March 31, 2018 (Successor) (in thousands) FelCor LP Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Total Consolidated Revenue Related party lease revenue $ — $ 18,853 $ 34,697 $ — $ 53,550 Total revenue — 18,853 34,697 — 53,550 Expense Depreciation and amortization 114 8,752 11,846 — 20,712 Property tax, insurance and other 42 7,485 7,304 — 14,831 General and administrative 481 40 87 — 608 Transaction costs 1,509 8 11 — 1,528 Total operating expense 2,146 16,285 19,248 — 37,679 Operating income (2,146 ) 2,568 15,449 — 15,871 Other income 8 — — — 8 Interest income 108 — — (78 ) 30 Interest expense (10,587 ) — (2,638 ) 78 (13,147 ) Gain on extinguishment of indebtedness 12,929 — — — 12,929 Income before equity in income from unconsolidated joint ventures 312 2,568 12,811 — 15,691 Equity in income from consolidated entities 5,723 — — (5,723 ) — Equity in income from unconsolidated joint ventures 116 — — — 116 Income from operations 6,151 2,568 12,811 (5,723 ) 15,807 Loss on sale of hotel properties — (9,399 ) 33 — (9,366 ) Net income and comprehensive income 6,151 (6,831 ) 12,844 (5,723 ) 6,441 Loss attributable to noncontrolling interests — — 76 — 76 Preferred distributions - consolidated joint venture — — (366 ) — (366 ) Net income and comprehensive income attributable to FelCor LP $ 6,151 $ (6,831 ) $ 12,554 $ (5,723 ) $ 6,151 FelCor Lodging Limited Partnership Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) For the Three Months Ended March 31, 2017 (Predecessor) (in thousands) FelCor LP Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Total Consolidated Revenue Room revenue $ — $ 144,933 $ — $ — $ 144,933 Food and beverage revenue — 32,074 — — 32,074 Percentage lease revenue — — 38,044 (38,044 ) — Other revenue 4 11,032 61 — 11,097 Total revenue 4 188,039 38,105 (38,044 ) 188,104 Expense Room expense — 40,678 — — 40,678 Food and beverage expense — 26,222 — — 26,222 Management and franchise fee expense — 7,550 — — 7,550 Other operating expense — 54,388 — — 54,388 Total property operating expense — 128,838 — — 128,838 Depreciation and amortization 115 10,858 16,865 — 27,838 Impairment loss — 24,838 — — 24,838 Property tax, insurance and other 40 46,693 6,000 (38,044 ) 14,689 General and administrative — 3,630 3,310 — 6,940 Transaction costs 473 — — — 473 Total operating expense 628 214,857 26,175 (38,044 ) 203,616 Operating loss (624 ) (26,818 ) 11,930 — (15,512 ) Intercompany interest income (expense) 95 — (95 ) — — Interest income 18 15 — — 33 Interest expense (14,566 ) — (4,753 ) — (19,319 ) Loss before equity in loss from unconsolidated joint ventures (15,077 ) (26,803 ) 7,082 — (34,798 ) Equity in loss from consolidated entities (21,435 ) — — 21,435 — Equity in loss from unconsolidated joint ventures 441 (560 ) (11 ) — (130 ) Loss before income tax expense (36,071 ) (27,363 ) 7,071 21,435 (34,928 ) Income tax expense (26 ) (521 ) — — (547 ) Loss from operations (36,097 ) (27,884 ) 7,071 21,435 (35,475 ) Loss on sale of hotel properties — (526 ) (140 ) — (666 ) Net loss and comprehensive loss (36,097 ) (28,410 ) 6,931 21,435 (36,141 ) Loss attributable to noncontrolling interests in consolidated joint ventures — 266 138 — 404 Preferred distributions - consolidated joint venture — — (360 ) — (360 ) Net loss and comprehensive loss attributable to FelCor LP (36,097 ) (28,144 ) 6,709 21,435 (36,097 ) Preferred distributions (6,279 ) — — — (6,279 ) Net loss attributable to FelCor LP common unitholders $ (42,376 ) $ (28,144 ) $ 6,709 $ 21,435 $ (42,376 ) FelCor Lodging Limited Partnership Condensed Consolidating Statement of Cash Flows For the Three Months Ended March 31, 2018 (Successor) (in thousands) FelCor LP Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Total Consolidated Operating activities: Cash flows from operating activities $ (24,317 ) $ 31,603 $ 42,012 $ — $ 49,298 Investing activities: Improvements and additions to hotel properties — (5,416 ) (12,725 ) — (18,141 ) Additions to property and equipment (3 ) — — — (3 ) Proceeds from the sale of hotel properties, net — 116,591 33 — 116,624 Intercompany financing 171,272 — — (171,272 ) — Cash flows from investing activities 171,269 111,175 (12,692 ) (171,272 ) 98,480 Financing activities: Repayments of borrowings (538,760 ) — (752 ) — (539,512 ) Contributions from partners 598,033 — — — 598,033 Distributions to partners (206,212 ) — — — (206,212 ) Preferred distributions - consolidated joint venture — — (366 ) — (366 ) Payments of deferred financing costs — — (10 ) — (10 ) Intercompany financing — (142,778 ) (28,494 ) 171,272 — Cash flows from financing activities (146,939 ) (142,778 ) (29,622 ) 171,272 (148,067 ) Net change in cash, cash equivalents, and restricted cash reserves 13 — (302 ) — (289 ) Cash, cash equivalents, and restricted cash reserves, beginning of period 9,637 — 8,394 — 18,031 Cash, cash equivalents, and restricted cash reserves, end of period $ 9,650 $ — $ 8,092 $ — $ 17,742 FelCor Lodging Limited Partnership Condensed Consolidating Statement of Cash Flows For the Three Months Ended March 31, 2017 (Predecessor) (in thousands) FelCor LP Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Total Consolidated Operating activities: Cash flows from operating activities $ (16,563 ) $ 17,875 $ 24,652 $ — $ 25,964 Investing activities: Improvements and additions to hotel properties 2 (5,719 ) (13,745 ) — (19,462 ) Net payments related to asset sales (306 ) (406 ) (100 ) — (812 ) Distributions from unconsolidated joint ventures in excess of earnings 490 — — — 490 Intercompany financing 37,025 — — (37,025 ) — Cash flows from investing activities 37,211 (6,125 ) (13,845 ) (37,025 ) (19,784 ) Financing activities: Proceeds from borrowings — — 29,000 — 29,000 Repayments of borrowings — — (13,717 ) — (13,717 ) Contributions from noncontrolling interests — 100 — — 100 Distributions to preferred unitholders (6,279 ) — — — (6,279 ) Distributions to common unitholders (8,326 ) — — — (8,326 ) Intercompany financing — (12,403 ) (24,622 ) 37,025 — Other (852 ) — (360 ) — (1,212 ) Cash flows from financing activities (15,457 ) (12,303 ) (9,699 ) 37,025 (434 ) Net change in cash, cash equivalents, and restricted cash reserves 5,191 (553 ) 1,108 — 5,746 Cash, cash equivalents, and restricted cash reserves, beginning of period 13,532 45,574 7,702 — 66,808 Cash, cash equivalents, and restricted cash reserves, end of period $ 18,723 $ 45,021 $ 8,810 $ — $ 72,554

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Revenue Recognition, Real Estate Transactions, Policy [Policy Text Block]	Sale of Real Estate ASU 2014-09 also applies to the sale of real estate and the new principles-based approach is largely based on the transfer of control of the real estate to the buyer. In February 2017, the FASB issued ASU 2017-05, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets . This guidance clarifies that ASC 610-20 applies to the derecognition of nonfinancial assets, including real estate, and in substance nonfinancial assets, which are defined as assets or a group of assets for which substantially all of the fair value consists of nonfinancial assets and the group or subsidiary is not a business. As a result of this guidance, sales and partial sales of real estate assets will be accounted for similar to all other sales of nonfinancial and in substance nonfinancial assets. The Company adopted this guidance on January 1, 2018 using the modified retrospective transition method. Based on the Company's assessment, the adoption of this guidance did not have an impact on the Company's consolidated financial statements.
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The unaudited consolidated financial statements and related notes have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America ("GAAP") and in conformity with the rules and regulations of the Securities and Exchange Commission ("SEC") applicable to financial information. The unaudited financial statements include all adjustments that are necessary, in the opinion of management, to fairly state the consolidated balance sheets, statements of operations and comprehensive income (loss), statements of changes in equity (partners' capital) and statements of cash flows. The unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto as of and for the year ended December 31, 2017 , included in the combined Annual Report on Form 10-K of Rangers and FelCor LP filed with the SEC on March 2, 2018. The consolidated financial statements include the accounts of Rangers, FelCor LP and its wholly-owned subsidiaries, and joint ventures in which the Company has a majority voting interest and control. For the controlled subsidiaries that are not wholly-owned, the third-party ownership interest represents a noncontrolling interest, which is presented separately in the consolidated financial statements. The Company also records the real estate interests in two joint ventures in which it holds an indirect 50% interest using the equity method of accounting. All intercompany balances and transactions have been eliminated in consolidation.
Reclassifications	Reclassifications As a result of the merger with RLJ, certain prior period amounts in the Predecessor consolidated financial statements have been reclassified to conform to the financial statement presentation of the Company's parent company, RLJ. For the three months ended March 31, 2017, the following reclassifications were made to the consolidated statements of operations and comprehensive income (loss): • Approximately $144.9 million was reclassified from hotel operating revenue to room revenue. • Approximately $32.1 million was reclassified from hotel operating revenue to food and beverage revenue. • Approximately $10.7 million was reclassified from hotel operating revenue to other revenue. • Approximately $40.7 million was reclassified from hotel departmental expenses to room expense. • Approximately $26.2 million was reclassified from hotel departmental expenses to food and beverage expense. • Approximately $3.5 million was reclassified from hotel departmental expenses to other operating expense. • Approximately $0.8 million was reclassified from other expenses to property tax, insurance and other. • Approximately $0.5 million was reclassified from other expenses to transaction costs. • Approximately $33,000 was reclassified from interest expense, net to interest income. The reclassifications mentioned above had no impact to net income (loss), member's/shareholders’ equity (partners' capital) or cash flows.
Revenue Recognition, Policy [Policy Text Block]	Revenue In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers , which supersedes or replaces nearly all GAAP revenue recognition guidance. The guidance establishes a new control-based revenue recognition model that changes the basis for deciding when revenue is recognized over time or at a point in time and expands the disclosures about revenue. The guidance also applies to sales of real estate and the new principles-based approach is largely based on the transfer of control of the real estate to the buyer. The Company adopted this standard on January 1, 2018 using the modified retrospective transition method. Based on the Company's assessment, the adoption of this standard did not have an impact to the Company's consolidated financial statements. Lease Revenue The Company's hotel properties are leased through intercompany lease agreements. The Company's hotel property-owning subsidiaries (the "Lessors") lease the hotel properties to lessees owned by FelCor TRS Holdings, LLC ("FelCor TRS"), a subsidiary of RLJ LP (the "Lessees"). Base lease revenue is reported as income by the Lessor on a straight-line basis over the lease term. Percentage lease revenue is reported as income by the Lessor over the lease term when it is earned and becomes receivable from the Lessees, according to the provisions of the respective lease agreements. The Lessees are in compliance with their rental obligations under their respective lease agreements. For the Predecessor period, the Company’s revenue consisted of room revenue, food and beverage revenue, and revenue from other hotel operating departments (such as parking fees, golf, pool and other resort fees, gift shop sales and other guest service fees). These revenues were recorded net of any sales and occupancy taxes collected from the hotel guests. All rebates or discounts were recorded as a reduction to revenue, and there are no material contingent obligations with respect to rebates and discounts offered by the hotels. All revenues were recorded on an accrual basis as they were earned. An allowance for doubtful accounts is the Company's best estimate of the amount of probable credit losses in the existing accounts receivable portfolio and it was recorded as a bad debt expense. The allowance for doubtful accounts was calculated as a percentage of the aged accounts receivable. Any cash received prior to a guest's arrival was recorded as an advance deposit from the guest and recognized as revenue at the time of the guest's occupancy at the hotel property.
Investment in Hotel Properties, Policy [Policy Text Block]	Investment in Hotel Properties The Company’s acquisitions generally consist of land, land improvements, buildings, building improvements, furniture, fixtures and equipment ("FF&E"), and inventory. The Company may also acquire intangible assets or liabilities related to in-place leases, management agreements, franchise agreements and advanced bookings. The Company allocates the purchase price among the assets acquired and the liabilities assumed based on their respective fair values at the date of acquisition. The Company determines the fair value by using market data and independent appraisals available to us and making numerous estimates and assumptions. Transaction costs are expensed for acquisitions that are considered business combinations and capitalized for asset acquisitions. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business . The guidance clarifies the definition of a business by adding guidance to assist companies and other reporting organizations with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. If substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single asset or a group of similar identifiable asset(s), then the transaction is considered to be an asset acquisition (or disposition). As a result of this standard, the Company anticipates the majority of its hotel purchases will be considered asset acquisitions as opposed to business combinations, although the determination will be made on a transaction-by-transaction basis. Transaction costs associated with asset acquisitions will be capitalized rather than expensed as incurred. The Company adopted this guidance on January 1, 2018 on a prospective basis. The Company does not believe the accounting for each future acquisition (or disposal) of assets or a business will be materially different, therefore, the adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. The Company’s investments in hotel properties are carried at cost and are depreciated using the straight-line method over the estimated useful lives of 15 years for land improvements, 15 years for building improvements, 40 years for buildings and three to five years for FF&E. Maintenance and repairs are expensed and major renewals or improvements to the hotel properties are capitalized. Indirect project costs, including interest, salaries and benefits, travel and other related costs that are directly attributable to the development, are also capitalized. Upon the sale or disposition of a hotel property, the asset and related accumulated depreciation accounts are removed and the related gain or loss is included in the gain or loss on sale of hotel properties in the consolidated statements of operations and comprehensive income. A sale or disposition of a hotel property that represents a strategic shift that has or will have a major effect on the Company's operations and financial results is presented as discontinued operations in the consolidated statements of operations and comprehensive income. The Company assesses the carrying value of its hotel properties whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. The recoverability is measured by comparing the carrying amount to the estimated future undiscounted cash flows which take into account current market conditions and the Company’s intent with respect to holding or disposing of the hotel properties. If the Company’s analysis indicates that the carrying value is not recoverable on an undiscounted cash flow basis, the Company will recognize an impairment loss for the amount by which the carrying value exceeds the fair value. The fair value is determined through various valuation techniques, including internally developed discounted cash flow models, comparable market transactions or third-party appraisals.
Use of Estimates	Use of Estimates The preparation of the Company’s financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of certain assets and liabilities and the amounts of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) . The guidance will require lessees to recognize a right-of-use asset and a lease liability for most of their leases on the balance sheet, and an entity will need to classify its leases as either an operating or finance lease in order to determine the income statement presentation. Leases with a term of 12 months or less will be accounted for similar to the existing guidance today for operating leases. Lessors will classify their leases using an approach that is substantially equivalent to the existing guidance today for operating, direct financing, or sales-type leases. Lessors may only capitalize the incremental direct costs of leasing, so any indirect costs of leasing will be expensed as incurred. The guidance requires an entity to separate the lease components from the non-lease components in a contract, with the lease components being accounted for in accordance with ASC 842 and the non-lease components being accounted for in accordance with other applicable accounting guidance. The guidance is effective for annual reporting periods beginning after December 15, 2018, and the interim periods within those annual periods, with early adoption permitted. The Company will adopt this new standard on January 1, 2019. The Company has not yet completed its analysis on this standard, but it believes the application of the new standard will result in the recording of a right-of-use asset and a lease liability on the consolidated balance sheet for each of its ground leases and equipment leases, which represent the majority of the Company's current operating lease payments. The Company does not expect the adoption of this standard will materially affect its consolidated statements of operations and comprehensive income.
Management Agreements	Management Agreements As discussed in Note 3 , Merger with RLJ, the Company distributed its equity interests in FelCor TRS to RLJ LP immediately after consummation of the Mergers. As a result of the distribution of its equity interests in FelCor TRS, the Company's consolidated financial statements do not include the financial information related to the Lessees' management agreements. During the Predecessor comparative period, the Company's hotel properties were operated pursuant to long-term management agreements with initial terms ranging from 5 to 20 years. Certain hotel properties also received the benefits of a franchise agreement pursuant to management agreements with Hilton, Wyndham, Marriott and other hotel brands. The management agreements, including those that include the benefits of a franchise agreement, have a base management fee generally between 2.0% and 5.0% of hotel revenues. The management companies are also eligible to receive an incentive management fee if hotel operating income, as defined in the management agreements, exceeds certain thresholds. The incentive management fee is generally calculated as a percentage of hotel operating income after the Company has received a priority return on its investment in the hotel. Management fees are included in management and franchise fee expense in the accompanying consolidated statements of operations and comprehensive income (loss). For the Predecessor three months ended March 31, 2017 , the Company recognized management fee expense of approximately $7.2 million . The Wyndham management agreements guarantee minimum levels of annual net operating income at each of the Wyndham-managed hotels for each year of the initial 10 -year term to 2023, subject to an aggregate $100 million limit over the term and an annual $21.5 million limit. For the Predecessor three months ended March 31, 2017 , the Company recorded $1.0 million for the pro-rata portion of the projected aggregate full-year guaranties. The Company recognized this amount as a reduction of Wyndham's contractual management and other fees.
Franchise Agreements	Franchise Agreements As discussed in Note 3 , Merger with RLJ, the Company distributed its equity interests in FelCor TRS to RLJ LP immediately after consummation of the Mergers. As a result of the distribution of its equity interests in FelCor TRS, the Company's consolidated financial statements do not include the financial information related to the Lessees' franchise agreements. During the Predecessor comparative periods, certain of the Company’s hotel properties were operated under franchise agreements with initial terms of 15 years. These franchise agreements exclude certain hotel properties that received the benefits of a franchise agreement pursuant to management agreements with Hilton, Wyndham, Marriott and other hotel brands. In addition, The Knickerbocker is not operated with a hotel brand so the hotel did not have a franchise agreement. Franchise agreements allow the hotel properties to operate under the respective brands. Pursuant to the franchise agreements, the Company pays a royalty fee, generally 5.5% of room revenue, plus additional fees for marketing, central reservation systems and other franchisor costs of 4.0% of room revenue. Franchise fees are included in management and franchise fee expense in the accompanying consolidated statements of operations and comprehensive income. For the Predecessor three months ended March 31, 2017 , the Company recognized franchise fee expense of approximately $0.3 million .
Earnings (Loss) per Common Share/Unit	Basic earnings (loss) per common share/unit is calculated by dividing net income (loss) attributable to common shareholders (unitholders) by the weighted-average number of common shares (units) outstanding during the period excluding the weighted-average number of unvested restricted shares (units) outstanding during the period. Diluted earnings per common share/unit is calculated by dividing net income attributable to common shareholders (unitholders) by the weighted-average number of common shares (units) outstanding during the period, plus any shares (units) that could potentially be outstanding during the period. The potential shares (units) consist of the unvested restricted share (unit) grants and unvested performance units, calculated using the treasury stock method. Any anti-dilutive shares (units) have been excluded from the diluted earnings (loss) per share (unit) calculation. Unvested share-based payment awards that contain non-forfeitable rights to dividends (distributions) or dividend (distribution) equivalents (whether paid or unpaid) are participating shares (units) and are considered in the computation of earnings (loss) per share (unit) pursuant to the two-class method. If there were any undistributed earnings allocable to the participating shares (units), they would be deducted from net income (loss) attributable to common shareholders (unitholders) used in the basic and diluted earnings (loss) per share (unit) calculations. The limited partners’ outstanding limited partnership units in FelCor LP (which may be redeemed for common shares of beneficial interest under certain circumstances) have been excluded from the diluted earnings (loss) per share (unit) calculation as there was no effect on the per share (unit) amounts, since the limited partners’ share of income would also be added back to net income (loss) attributable to common shareholders.

Merger with RLJ Lodging Trust (

Merger with RLJ Lodging Trust (Tables)	3 Months Ended
	Mar. 31, 2018
Business Combinations [Abstract]
Schedule of Allocation of Purchase Price	The following table reflects the new basis of accounting for the assets and liabilities that existed on the Acquisition Date and the impact of the distribution of the equity interests in FelCor TRS to RLJ LP : August 31, 2017 New Basis Before FelCor TRS Distribution New Basis After FelCor TRS Distribution Investment in hotel properties $ 2,661,114 $ (2,000 ) $ 2,659,114 Investment in unconsolidated joint ventures 25,651 (7,900 ) 17,751 Cash and cash equivalents 47,396 (40,878 ) 6,518 Restricted cash reserves 17,038 (10,989 ) 6,049 Hotel and other receivables 28,308 (28,308 ) — Deferred income tax assets 58,170 (58,170 ) — Intangible assets 139,673 (20,262 ) 119,411 Prepaid expenses and other assets 23,811 (11,417 ) 12,394 Debt (1,305,337 ) — (1,305,337 ) Accounts payable and other liabilities (118,360 ) 52,995 (65,365 ) Advance deposits and deferred revenue (23,795 ) 23,795 — Accrued interest (22,612 ) — (22,612 ) Distributions payable (4,312 ) — (4,312 ) Total equity $ 1,526,745 $ (103,134 ) $ 1,423,611
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	The Company recognized the following intangible assets in the Mergers (dollars in thousands): Weighted Average Amortization Period (in Years) Below market ground leases $ 118,050 54 Advanced bookings 13,862 1 Other intangible assets 7,761 6 Total intangible assets $ 139,673 46

Investment in Hotel Properties

Investment in Hotel Properties (Tables)	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Schedule of investment in hotel properties	Investment in hotel properties consisted of the following (in thousands): March 31, 2018 December 31, 2017 Land and improvements $ 579,640 $ 597,451 Buildings and improvements 1,711,158 1,801,302 Furniture, fixtures and equipment 119,659 126,590 2,410,457 2,525,343 Accumulated depreciation (46,117 ) (27,463 ) Investment in hotel properties, net $ 2,364,340 $ 2,497,880

Investment in Unconsolidated 24

Investment in Unconsolidated Entities (Tables)	3 Months Ended
	Mar. 31, 2018
Investment in Unconsolidated Entities [Abstract]
Schedule of Components of Investment In Unconsolidated Entities	The following table summarizes the components of the Company's investments in unconsolidated joint ventures (in thousands): March 31, 2018 December 31, 2017 Equity basis of the joint venture investments $ (4,587 ) $ (4,733 ) Cost of the joint venture investments in excess of the joint venture book value 21,365 21,645 Investment in unconsolidated joint ventures $ 16,778 $ 16,912
Schedule of Components of Equity In Income (Loss) from Unconsolidated Entities	The following table summarizes the components of the Company's equity in income (loss) from unconsolidated joint ventures (in thousands): Successor Predecessor For the three months ended March 31, For the three months ended March 31, 2018 2017 Unconsolidated joint ventures net income (loss) attributable to the Company $ 396 $ (33 ) Depreciation of cost in excess of book value (280 ) (97 ) Equity in income (loss) from unconsolidated joint ventures $ 116 $ (130 )

Sale of Hotel Properties (Table

Sale of Hotel Properties (Tables)	3 Months Ended
	Mar. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
Schedule of property disposed during period	The following table discloses the hotel properties that were sold during the three months ended March 31, 2018 : Hotel Property Name Location Sale Date Rooms Embassy Suites Boston Marlborough Marlborough, MA February 21, 2018 229 Sheraton Philadelphia Society Hill Hotel Philadelphia, PA March 27, 2018 364 Total 593

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Schedule of Debt	The Company's debt consisted of the following (in thousands): Outstanding Borrowings at Successor Successor Number of Assets Encumbered Interest Rate at March 31, 2018 Maturity Date March 31, 2018 December 31, 2017 Senior secured notes (1)(2)(3) 9 5.63% March 2023 $ — $ 552,669 Senior unsecured notes (1)(2)(4) — 6.00% June 2025 508,866 510,047 PNC Bank/Wells Fargo (5) 4 4.95% October 2022 120,131 120,893 Prudential (6) 1 4.94% October 2022 30,132 30,323 Scotiabank (1) (7) 1 LIBOR + 3.00% November 2018 85,294 85,404 15 744,423 1,299,336 Deferred financing costs, net (169 ) (231 ) Debt, net $ 744,254 $ 1,299,105 (1) Requires payments of interest only through maturity. (2) The senior secured notes include $28.7 million at December 31, 2017, and the senior unsecured notes include $33.9 million and $35.1 million at March 31, 2018 and December 31, 2017, respectively, related to fair value adjustments that RLJ pushed down to the Company's consolidated financial statements as a result of the Mergers. (3) On March 9, 2018, the Company completed the early redemption of the senior secured notes in full for an aggregate amount of approximately $539.0 million , which included the redemption price of 102.813% for the outstanding principal amount. The Company recognized a gain of approximately $12.9 million on the early redemption, which is included in gain on extinguishment of indebtedness in the accompanying consolidated statements of operations and comprehensive income (loss). (4) The Company has the option to redeem the senior unsecured notes beginning June 1, 2020 at a premium of 103.0% . (5) Includes $2.9 million and $3.0 million at March 31, 2018 and December 31, 2017, respectively, related to fair value adjustments on the mortgage loans that RLJ pushed down to the Company's consolidated financial statements as a result of the Mergers. (6) Includes $0.7 million and $0.7 million at March 31, 2018 and December 31, 2017, respectively, related to a fair value adjustment on the mortgage loan that RLJ pushed down to the Company's consolidated financial statements as a result of the Mergers. (7) Includes $0.3 million and $0.4 million at March 31, 2018 and December 31, 2017, respectively, related to a fair value adjustment on the mortgage loan that RLJ pushed down to the Company's consolidated financial statements as a result of the Mergers.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Restricted Cash Reserves The Company is obligated to maintain cash reserve funds for future capital expenditures at the hotels (including the periodic replacement or refurbishment of furniture, fixtures and equipment ("FF&E") as determined pursuant to the management agreements, franchise agreements and/or mortgage loan documents. The management agreements, franchise agreements and/or mortgage loan documents require the Company to reserve cash ranging typically from 4.0% to 5.0% of the individual hotel’s revenues and maintain the reserves in restricted cash reserve escrows. Any unexpended amounts will remain the property of the Company upon termination of the management agreements, franchise agreements or mortgage loan documents. As of March 31, 2018 and December 31, 2017 , approximately $4.7 million and $3.3 million , respectively, was available in the restricted cash reserves for future capital expenditures, real estate taxes and insurance. Minimum Lease Payments In the future, the Company will receive rental income from the Lessees under its lease agreements. The lease agreements contain a specific base rent amount or a percentage rent amount, which is calculated based on a percentage of room revenues, food and beverage revenues, and other revenues at the hotel properties. The lease agreements will expire in 2018 ( one hotel), 2019 ( 24 hotels), 2022 ( seven hotels), and thereafter ( one hotel). As of March 31, 2018 , the future minimum lease payments to the Company under the noncancelable operating leases were as follows (in thousands): 2018 $ 80,231 2019 69,296 2020 (1) — 2021 (1) — 2022 (1) — Thereafter (1) — Total $ 149,527 (1) In 2020, the lease terms for the in-place lease agreements will be reset to market-based rental terms. At that time, the future minimum lease payments to the Company under the noncancelable operating leases will be determined. Litigation Other than the legal proceeding mentioned below, neither the Company nor any of its subsidiaries is currently involved in any regulatory or legal proceedings that management believes will have a material and adverse effect on the Company's financial position, results of operations or cash flows. Prior to the Mergers, on March 24, 2016, an affiliate of InterContinental Hotels Group PLC ("IHG"), which was previously the hotel management company for three of the Company’s hotels ( two of which were sold in 2006, and one of which was converted by the Company into a Wyndham brand and operation in 2013), notified the Company that the National Retirement Fund in which the employees at those hotels had participated had assessed a withdrawal liability of $8.3 million , with required quarterly payments including interest, in connection with the termination of IHG’s operation of those hotels. The Company’s hotel management agreements with IHG stated that it may be obligated to indemnify and hold IHG harmless for some or all of any amount ultimately contributed to the pension trust fund with respect to those hotels. Based on the current assessment of the claim, the resolution of this matter may not occur until 2022. As of March 31, 2018 , the Company maintained an accrual of approximately $5.1 million for the future quarterly payments to the pension trust fund, which is included in accounts payable and other liabilities in the accompanying consolidated balance sheet. The Company plans to vigorously defend the underlying claims and, if appropriate, IHG’s demand for indemnification. Management Agreements As discussed in Note 3 , Merger with RLJ, the Company distributed its equity interests in FelCor TRS to RLJ LP immediately after consummation of the Mergers. As a result of the distribution of its equity interests in FelCor TRS, the Company's consolidated financial statements do not include the financial information related to the Lessees' management agreements. During the Predecessor comparative period, the Company's hotel properties were operated pursuant to long-term management agreements with initial terms ranging from 5 to 20 years. Certain hotel properties also received the benefits of a franchise agreement pursuant to management agreements with Hilton, Wyndham, Marriott and other hotel brands. The management agreements, including those that include the benefits of a franchise agreement, have a base management fee generally between 2.0% and 5.0% of hotel revenues. The management companies are also eligible to receive an incentive management fee if hotel operating income, as defined in the management agreements, exceeds certain thresholds. The incentive management fee is generally calculated as a percentage of hotel operating income after the Company has received a priority return on its investment in the hotel. Management fees are included in management and franchise fee expense in the accompanying consolidated statements of operations and comprehensive income (loss). For the Predecessor three months ended March 31, 2017 , the Company recognized management fee expense of approximately $7.2 million . The Wyndham management agreements guarantee minimum levels of annual net operating income at each of the Wyndham-managed hotels for each year of the initial 10 -year term to 2023, subject to an aggregate $100 million limit over the term and an annual $21.5 million limit. For the Predecessor three months ended March 31, 2017 , the Company recorded $1.0 million for the pro-rata portion of the projected aggregate full-year guaranties. The Company recognized this amount as a reduction of Wyndham's contractual management and other fees. Franchise Agreements As discussed in Note 3 , Merger with RLJ, the Company distributed its equity interests in FelCor TRS to RLJ LP immediately after consummation of the Mergers. As a result of the distribution of its equity interests in FelCor TRS, the Company's consolidated financial statements do not include the financial information related to the Lessees' franchise agreements. During the Predecessor comparative periods, certain of the Company’s hotel properties were operated under franchise agreements with initial terms of 15 years. These franchise agreements exclude certain hotel properties that received the benefits of a franchise agreement pursuant to management agreements with Hilton, Wyndham, Marriott and other hotel brands. In addition, The Knickerbocker is not operated with a hotel brand so the hotel did not have a franchise agreement. Franchise agreements allow the hotel properties to operate under the respective brands. Pursuant to the franchise agreements, the Company pays a royalty fee, generally 5.5% of room revenue, plus additional fees for marketing, central reservation systems and other franchisor costs of 4.0% of room revenue. Franchise fees are included in management and franchise fee expense in the accompanying consolidated statements of operations and comprehensive income. For the Predecessor three months ended March 31, 2017 , the Company recognized franchise fee expense of approximately $0.3 million .
Management Agreements	Management Agreements As discussed in Note 3 , Merger with RLJ, the Company distributed its equity interests in FelCor TRS to RLJ LP immediately after consummation of the Mergers. As a result of the distribution of its equity interests in FelCor TRS, the Company's consolidated financial statements do not include the financial information related to the Lessees' management agreements. During the Predecessor comparative period, the Company's hotel properties were operated pursuant to long-term management agreements with initial terms ranging from 5 to 20 years. Certain hotel properties also received the benefits of a franchise agreement pursuant to management agreements with Hilton, Wyndham, Marriott and other hotel brands. The management agreements, including those that include the benefits of a franchise agreement, have a base management fee generally between 2.0% and 5.0% of hotel revenues. The management companies are also eligible to receive an incentive management fee if hotel operating income, as defined in the management agreements, exceeds certain thresholds. The incentive management fee is generally calculated as a percentage of hotel operating income after the Company has received a priority return on its investment in the hotel. Management fees are included in management and franchise fee expense in the accompanying consolidated statements of operations and comprehensive income (loss). For the Predecessor three months ended March 31, 2017 , the Company recognized management fee expense of approximately $7.2 million . The Wyndham management agreements guarantee minimum levels of annual net operating income at each of the Wyndham-managed hotels for each year of the initial 10 -year term to 2023, subject to an aggregate $100 million limit over the term and an annual $21.5 million limit. For the Predecessor three months ended March 31, 2017 , the Company recorded $1.0 million for the pro-rata portion of the projected aggregate full-year guaranties. The Company recognized this amount as a reduction of Wyndham's contractual management and other fees.
Franchise Agreements	Franchise Agreements As discussed in Note 3 , Merger with RLJ, the Company distributed its equity interests in FelCor TRS to RLJ LP immediately after consummation of the Mergers. As a result of the distribution of its equity interests in FelCor TRS, the Company's consolidated financial statements do not include the financial information related to the Lessees' franchise agreements. During the Predecessor comparative periods, certain of the Company’s hotel properties were operated under franchise agreements with initial terms of 15 years. These franchise agreements exclude certain hotel properties that received the benefits of a franchise agreement pursuant to management agreements with Hilton, Wyndham, Marriott and other hotel brands. In addition, The Knickerbocker is not operated with a hotel brand so the hotel did not have a franchise agreement. Franchise agreements allow the hotel properties to operate under the respective brands. Pursuant to the franchise agreements, the Company pays a royalty fee, generally 5.5% of room revenue, plus additional fees for marketing, central reservation systems and other franchisor costs of 4.0% of room revenue. Franchise fees are included in management and franchise fee expense in the accompanying consolidated statements of operations and comprehensive income. For the Predecessor three months ended March 31, 2017 , the Company recognized franchise fee expense of approximately $0.3 million .
Schedule of Future Minimum Rental Payments for Operating Leases	As of March 31, 2018 , the future minimum lease payments to the Company under the noncancelable operating leases were as follows (in thousands): 2018 $ 80,231 2019 69,296 2020 (1) — 2021 (1) — 2022 (1) — Thereafter (1) — Total $ 149,527 (1) In 2020, the lease terms for the in-place lease agreements will be reset to market-based rental terms. At that time, the future minimum lease payments to the Company under the noncancelable operating leases will be determined.

Redeemable Noncontrolling Int28

Redeemable Noncontrolling Interests/Units in FelCor LP (Tables)	3 Months Ended
	Mar. 31, 2018
Noncontrolling Interest [Abstract]
Schedule of Redeemable Noncontrolling Interests (or Redeemable Units)	The following table summarizes the changes in the redeemable noncontrolling interests (or redeemable units) (in thousands): Predecessor For the three months ended March 31, 2017 Balance at beginning of the period $ 4,888 Redemption value allocation (81 ) Distributions paid to unitholders (38 ) Net loss (186 ) Balance at end of the period $ 4,583

Earnings (Loss) per Common Sh29

Earnings (Loss) per Common Share/Unit (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Earnings Per Common Share/Unit	The computation of basic and diluted earnings (loss) per common share (unit) is as follows (in thousands, except share/unit and per share/unit data): Rangers Loss Per Common Share Predecessor For the three months ended March 31, 2017 Numerator: Net loss attributable to Rangers $ (35,911 ) Less: Preferred dividends (6,279 ) Less: Dividends paid on unvested restricted stock (37 ) Numerator for the loss attributable to Rangers common stockholders excluding amounts attributable to unvested restricted stock $ (42,227 ) Denominator: Weighted-average number of common shares - basic 137,777,651 Weighted-average number of common shares - diluted 137,777,651 Basic and diluted loss per share: Net loss $ (0.31 ) FelCor LP Loss Per Common Unit Predecessor For the three months ended March 31, 2017 Numerator: Net loss attributable to FelCor LP $ (36,097 ) Less: Preferred distributions (6,279 ) Less: Distributions paid on FelCor unvested restricted stock (37 ) Numerator for the net loss attributable to FelCor LP common unitholders excluding amounts attributable to FelCor unvested restricted stock $ (42,413 ) Denominator: Weighted-average number of common units - basic 138,387,834 Weighted-average number of common units - diluted 138,387,834 Basic and diluted loss per unit: Net loss $ (0.31 )

Supplemental Information to S30

Supplemental Information to Statements of Cash Flows (Tables)	3 Months Ended
	Mar. 31, 2018
Supplemental Cash Flow Elements [Abstract]
Schedule of Supplemental Information to Statements of Cash Flows	The following supplemental information to the Statements of Cash Flows is for both Rangers and FelCor LP (in thousands): Successor Predecessor For the three months ended March 31, For the three months ended March 31, 2018 2017 Reconciliation of cash, cash equivalents, and restricted cash reserves Cash and cash equivalents $ 13,025 $ 50,235 Restricted cash reserves 4,717 22,319 Cash, cash equivalents, and restricted cash reserves $ 17,742 $ 72,554 Interest paid, net of capitalized interest $ 18,188 $ 18,787 Income taxes (refund) paid $ (169 ) $ 224 Supplemental investing and financing transactions In conjunction with the sale of hotel properties, the Company recorded the following: Sale of hotel properties $ 119,200 $ — Transaction costs (2,576 ) (812 ) Proceeds from the sale of hotel properties, net $ 116,624 $ (812 ) Supplemental non-cash transactions Accrued capital expenditures $ 3,508 $ 5,081

FelCor LP's Consolidating Fin31

FelCor LP's Consolidating Financial Information (Tables)	3 Months Ended
	Mar. 31, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Balance Sheet	The following tables present the consolidating financial information for the Subsidiary Guarantors: FelCor Lodging Limited Partnership Condensed Consolidating Balance Sheet March 31, 2018 (Successor) (in thousands) FelCor LP Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Total Consolidated Equity investment in consolidated entities $ 2,216,746 $ — $ — $ (2,216,746 ) $ — Investment in hotel properties, net — 727,113 1,637,227 — 2,364,340 Intangible assets, net — 48,199 69,040 — 117,239 Investment in unconsolidated joint ventures 16,778 — — — 16,778 Cash and cash equivalents 9,214 — 3,811 — 13,025 Restricted cash reserves 436 — 4,281 — 4,717 Related party rent receivable — 14,915 31,839 — 46,754 Prepaid expense and other assets 2,384 1,746 5,019 — 9,149 Total assets $ 2,245,558 $ 791,973 $ 1,751,217 $ (2,216,746 ) $ 2,572,002 Debt, net $ 508,866 $ — $ 268,097 $ (32,709 ) $ 744,254 Accounts payable and other liabilities 10,903 14,572 16,861 — 42,336 Related party lease termination fee payable — 1,536 7,707 — 9,243 Accrued interest 9,588 — — — 9,588 Distributions payable — — 126 — 126 Total liabilities 529,357 16,108 292,791 (32,709 ) 805,547 Partnership interests 1,716,201 775,865 1,408,172 (2,184,037 ) 1,716,201 Total FelCor LP partners' capital 1,716,201 775,865 1,408,172 (2,184,037 ) 1,716,201 Noncontrolling interests — — 5,824 — 5,824 Preferred capital in a consolidated joint venture — — 44,430 — 44,430 Total partners’ capital 1,716,201 775,865 1,458,426 (2,184,037 ) 1,766,455 Total liabilities and partners’ capital $ 2,245,558 $ 791,973 $ 1,751,217 $ (2,216,746 ) $ 2,572,002 FelCor Lodging Limited Partnership Condensed Consolidating Balance Sheet December 31, 2017 (Successor) (in thousands) FelCor LP Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Total Consolidated Investment in hotel properties, net $ — $ 856,541 $ 1,641,339 $ — $ 2,497,880 Intangible assets, net — 48,846 69,324 — 118,170 Equity investment in consolidated entities 2,384,094 — — (2,384,094 ) — Investment in unconsolidated joint ventures 16,912 — — — 16,912 Cash and cash equivalents 9,202 — 5,526 — 14,728 Restricted cash reserves 436 — 2,867 — 3,303 Related party rent receivable — 32,200 47,890 — 80,090 Prepaid expense and other assets 4,405 3,292 4,994 — 12,691 Total assets $ 2,415,049 $ 940,879 $ 1,771,940 $ (2,384,094 ) $ 2,743,774 Debt, net $ 1,062,716 $ — $ 269,098 $ (32,709 ) $ 1,299,105 Accounts payable and other liabilities 20,018 13,605 20,568 — 54,191 Related party lease termination fee payable — — 7,707 — 7,707 Accrued interest 12,286 — — — 12,286 Distributions payable — — 126 — 126 Total liabilities 1,095,020 13,605 297,499 (32,709 ) 1,373,415 Partnership interests 1,320,029 927,274 1,424,111 (2,351,385 ) 1,320,029 Total FelCor LP partners’ capital 1,320,029 927,274 1,424,111 (2,351,385 ) 1,320,029 Noncontrolling interests — — 5,900 — 5,900 Preferred capital in a consolidated joint venture — — 44,430 — 44,430 Total partners’ capital 1,320,029 927,274 1,474,441 (2,351,385 ) 1,370,359 Total liabilities and partners’ capital $ 2,415,049 $ 940,879 $ 1,771,940 $ (2,384,094 ) $ 2,743,774
Condensed Consolidating Statement of Operations and Comprehensive Loss	FelCor Lodging Limited Partnership Condensed Consolidating Statement of Operations and Comprehensive Income For the Three Months Ended March 31, 2018 (Successor) (in thousands) FelCor LP Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Total Consolidated Revenue Related party lease revenue $ — $ 18,853 $ 34,697 $ — $ 53,550 Total revenue — 18,853 34,697 — 53,550 Expense Depreciation and amortization 114 8,752 11,846 — 20,712 Property tax, insurance and other 42 7,485 7,304 — 14,831 General and administrative 481 40 87 — 608 Transaction costs 1,509 8 11 — 1,528 Total operating expense 2,146 16,285 19,248 — 37,679 Operating income (2,146 ) 2,568 15,449 — 15,871 Other income 8 — — — 8 Interest income 108 — — (78 ) 30 Interest expense (10,587 ) — (2,638 ) 78 (13,147 ) Gain on extinguishment of indebtedness 12,929 — — — 12,929 Income before equity in income from unconsolidated joint ventures 312 2,568 12,811 — 15,691 Equity in income from consolidated entities 5,723 — — (5,723 ) — Equity in income from unconsolidated joint ventures 116 — — — 116 Income from operations 6,151 2,568 12,811 (5,723 ) 15,807 Loss on sale of hotel properties — (9,399 ) 33 — (9,366 ) Net income and comprehensive income 6,151 (6,831 ) 12,844 (5,723 ) 6,441 Loss attributable to noncontrolling interests — — 76 — 76 Preferred distributions - consolidated joint venture — — (366 ) — (366 ) Net income and comprehensive income attributable to FelCor LP $ 6,151 $ (6,831 ) $ 12,554 $ (5,723 ) $ 6,151 FelCor Lodging Limited Partnership Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) For the Three Months Ended March 31, 2017 (Predecessor) (in thousands) FelCor LP Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Total Consolidated Revenue Room revenue $ — $ 144,933 $ — $ — $ 144,933 Food and beverage revenue — 32,074 — — 32,074 Percentage lease revenue — — 38,044 (38,044 ) — Other revenue 4 11,032 61 — 11,097 Total revenue 4 188,039 38,105 (38,044 ) 188,104 Expense Room expense — 40,678 — — 40,678 Food and beverage expense — 26,222 — — 26,222 Management and franchise fee expense — 7,550 — — 7,550 Other operating expense — 54,388 — — 54,388 Total property operating expense — 128,838 — — 128,838 Depreciation and amortization 115 10,858 16,865 — 27,838 Impairment loss — 24,838 — — 24,838 Property tax, insurance and other 40 46,693 6,000 (38,044 ) 14,689 General and administrative — 3,630 3,310 — 6,940 Transaction costs 473 — — — 473 Total operating expense 628 214,857 26,175 (38,044 ) 203,616 Operating loss (624 ) (26,818 ) 11,930 — (15,512 ) Intercompany interest income (expense) 95 — (95 ) — — Interest income 18 15 — — 33 Interest expense (14,566 ) — (4,753 ) — (19,319 ) Loss before equity in loss from unconsolidated joint ventures (15,077 ) (26,803 ) 7,082 — (34,798 ) Equity in loss from consolidated entities (21,435 ) — — 21,435 — Equity in loss from unconsolidated joint ventures 441 (560 ) (11 ) — (130 ) Loss before income tax expense (36,071 ) (27,363 ) 7,071 21,435 (34,928 ) Income tax expense (26 ) (521 ) — — (547 ) Loss from operations (36,097 ) (27,884 ) 7,071 21,435 (35,475 ) Loss on sale of hotel properties — (526 ) (140 ) — (666 ) Net loss and comprehensive loss (36,097 ) (28,410 ) 6,931 21,435 (36,141 ) Loss attributable to noncontrolling interests in consolidated joint ventures — 266 138 — 404 Preferred distributions - consolidated joint venture — — (360 ) — (360 ) Net loss and comprehensive loss attributable to FelCor LP (36,097 ) (28,144 ) 6,709 21,435 (36,097 ) Preferred distributions (6,279 ) — — — (6,279 ) Net loss attributable to FelCor LP common unitholders $ (42,376 ) $ (28,144 ) $ 6,709 $ 21,435 $ (42,376 )
Condensed Consolidating Statement of Cash Flows	FelCor Lodging Limited Partnership Condensed Consolidating Statement of Cash Flows For the Three Months Ended March 31, 2018 (Successor) (in thousands) FelCor LP Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Total Consolidated Operating activities: Cash flows from operating activities $ (24,317 ) $ 31,603 $ 42,012 $ — $ 49,298 Investing activities: Improvements and additions to hotel properties — (5,416 ) (12,725 ) — (18,141 ) Additions to property and equipment (3 ) — — — (3 ) Proceeds from the sale of hotel properties, net — 116,591 33 — 116,624 Intercompany financing 171,272 — — (171,272 ) — Cash flows from investing activities 171,269 111,175 (12,692 ) (171,272 ) 98,480 Financing activities: Repayments of borrowings (538,760 ) — (752 ) — (539,512 ) Contributions from partners 598,033 — — — 598,033 Distributions to partners (206,212 ) — — — (206,212 ) Preferred distributions - consolidated joint venture — — (366 ) — (366 ) Payments of deferred financing costs — — (10 ) — (10 ) Intercompany financing — (142,778 ) (28,494 ) 171,272 — Cash flows from financing activities (146,939 ) (142,778 ) (29,622 ) 171,272 (148,067 ) Net change in cash, cash equivalents, and restricted cash reserves 13 — (302 ) — (289 ) Cash, cash equivalents, and restricted cash reserves, beginning of period 9,637 — 8,394 — 18,031 Cash, cash equivalents, and restricted cash reserves, end of period $ 9,650 $ — $ 8,092 $ — $ 17,742 FelCor Lodging Limited Partnership Condensed Consolidating Statement of Cash Flows For the Three Months Ended March 31, 2017 (Predecessor) (in thousands) FelCor LP Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Total Consolidated Operating activities: Cash flows from operating activities $ (16,563 ) $ 17,875 $ 24,652 $ — $ 25,964 Investing activities: Improvements and additions to hotel properties 2 (5,719 ) (13,745 ) — (19,462 ) Net payments related to asset sales (306 ) (406 ) (100 ) — (812 ) Distributions from unconsolidated joint ventures in excess of earnings 490 — — — 490 Intercompany financing 37,025 — — (37,025 ) — Cash flows from investing activities 37,211 (6,125 ) (13,845 ) (37,025 ) (19,784 ) Financing activities: Proceeds from borrowings — — 29,000 — 29,000 Repayments of borrowings — — (13,717 ) — (13,717 ) Contributions from noncontrolling interests — 100 — — 100 Distributions to preferred unitholders (6,279 ) — — — (6,279 ) Distributions to common unitholders (8,326 ) — — — (8,326 ) Intercompany financing — (12,403 ) (24,622 ) 37,025 — Other (852 ) — (360 ) — (1,212 ) Cash flows from financing activities (15,457 ) (12,303 ) (9,699 ) 37,025 (434 ) Net change in cash, cash equivalents, and restricted cash reserves 5,191 (553 ) 1,108 — 5,746 Cash, cash equivalents, and restricted cash reserves, beginning of period 13,532 45,574 7,702 — 66,808 Cash, cash equivalents, and restricted cash reserves, end of period $ 18,723 $ 45,021 $ 8,810 $ — $ 72,554

Organization (Details)

Organization (Details)	3 Months Ended
	Mar. 31, 2018propertystateroom	Dec. 31, 2017hotel	Aug. 31, 2017
Sale of Stock
Business combination, stock conversion ratio			0.362
Number of properties owned	34
Number of hotel rooms owned | room	10,240
Number of states in which hotels owned by the entity are located | state	14
Wholly Owned Properties
Sale of Stock
Number of properties owned	31
Hotel property ownership interest (as a percent)	100.00%
Partially Owned Properties [Member] | 95% owned
Sale of Stock
Hotel property ownership interest (as a percent)	95.00%
Partially Owned Properties [Member] | 50% owned
Sale of Stock
Number of properties owned	2
Hotel property ownership interest (as a percent)	50.00%
Consolidated Properties
Sale of Stock
Number of properties owned	32
Number of leased real estate properties	33
Unconsolidated Properties
Sale of Stock
Number of properties owned	2	2
Hotel property ownership interest (as a percent)	50.00%
Rangers Sub I, LLC
Sale of Stock
Limited Liability Company or Limited Partnership, Members or Limited Partners, Ownership Interest	99.00%
Rangers General Partner, LLC [Member]
Sale of Stock
Limited Liability Company or Limited Partnership, Members or Limited Partners, Ownership Interest	1.00%

Summary of Significant Accoun33

Summary of Significant Accounting Policies (Details)	3 Months Ended
	Mar. 31, 2018USD ($)joint_venture	Mar. 31, 2017USD ($)
Accounting Policies [Abstract]
Real estate interests, number of joint ventures | joint_venture	2
Equity method investment, ownership percentage	50.00%
Summary of Significant Accounting Policies
Interest expense, net	$ 13,100,000
Transaction costs	$ 1,400,000
Hotel Operating Revenue To Room Revenue | Restatement Adjustment
Summary of Significant Accounting Policies
Hotel operating revenue		$ 144,900,000
Hotel Operating Revenue To Food And Beverage Revenue | Restatement Adjustment
Summary of Significant Accounting Policies
Hotel operating revenue		32,100,000
Hotel Operating Revenue To Other Operating Department Revenue | Restatement Adjustment
Summary of Significant Accounting Policies
Hotel operating revenue		10,700,000
Hotel Departmental Expenses To Room Expense | Restatement Adjustment
Summary of Significant Accounting Policies
Hotel departmental expenses		40,700,000
Hotel Departmental Expenses To Food And Beverage Expense | Restatement Adjustment
Summary of Significant Accounting Policies
Hotel departmental expenses		26,200,000
Hotel Departmental Expenses To Other Operating Expense | Restatement Adjustment
Summary of Significant Accounting Policies
Hotel departmental expenses		3,500,000
Other Expenses To Property Tax, Insurance And Other | Restatement Adjustment
Summary of Significant Accounting Policies
Other expenses		800,000
Other Expenses To Transaction And Pursuit Costs | Restatement Adjustment
Summary of Significant Accounting Policies
Other expenses		500,000
Interest Expense, Net To Interest Income | Restatement Adjustment
Summary of Significant Accounting Policies
Interest expense, net		$ 33,000

Merger with RLJ Lodging Trust -

Merger with RLJ Lodging Trust - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Aug. 31, 2017
Business Acquisition [Line Items]
Off-market Lease, Unfavorable			$ 15,500,000
Transaction costs	$ 1,400,000
Secured Debt | Senior notes
Business Acquisition [Line Items]
Debt Instrument, Fair Value Adjustment, Net			$ 71,700,000
Predecessor
Business Acquisition [Line Items]
Transaction costs		$ 473,000

Merger with RLJ Lodging Trust35

Merger with RLJ Lodging Trust - Schedule of Allocation of Purchase Price (Details) $ in Thousands	Aug. 31, 2017USD ($)
Business Acquisition [Line Items]
Intangible assets	$ 139,673
FelCor Lodging LP
Business Acquisition [Line Items]
Investment in hotel properties	2,661,114
FelCor TRS Distribution, investment in hotel properties	(2,000)
New Basis after FelCor TRS Distribution, investment in hotel properties	2,659,114
Investment in unconsolidated joint ventures	25,651
FelCor TRS Distribution, investment in unconsolidated joint ventures	(7,900)
New Basis After FelCor TRS Distribution, investment in unconsolidated joint ventures	17,751
Cash and cash equivalents	47,396
FelCor TRS Distribution, cash and cash equivalents	(40,878)
New Basis After FelCor TRS Distribution, cash and cash equivalents	6,518
Restricted cash reserves	17,038
FelCor TRS Distribution, restricted cash reserves	(10,989)
New Basis After FelCor TRS Distribution, restricted cash reserves	6,049
Hotel and other receivables	28,308
FelCor TRS Distribution, hotel and other receivables	(28,308)
New Basis After FelCor TRS Distribution, hotel and other receivables	0
Deferred income tax assets	58,170
FelCor TRS Distribution, deferred income tax asset	(58,170)
New Basis After FelCor TRS Distribution, deferred income tax asset	0
Intangible assets	139,673
FelCor TRS Distribution, intangible assets	(20,262)
New Basis After FelCor TRS Distribution, intangible assets	119,411
Prepaid expenses and other assets	23,811
FelCor TRS Distribution, prepaid expenses and other assets	(11,417)
New Basis After FelCor TRS Distribution, prepaid expenses and other assets	12,394
Debt	(1,305,337)
FelCor TRS Distribution, debt	0
New Basis After FelCor TRS Distribution, debt	(1,305,337)
Accounts payable and other liabilities	(118,360)
FelCor TRS Distribution, accounts payable and other liabilities	52,995
New Basis After FelCor TRS Distribution, accounts payable and other liabilities	(65,365)
Advance deposits and deferred revenue	(23,795)
FelCor TRS Distribution, advance deposits and deferred revenue	23,795
New Basis After FelCor TRS Distribution, advance deposits and deferred revenue	0
Accrued interest	(22,612)
FelCor TRS Distribution, accrued interest	0
New Basis After FelCor TRS Distribution, accrued interest	(22,612)
Distributions payable	(4,312)
FelCor TRS Distribution, distributions payable	0
New Basis After FelCor TRS Distribution, distributions payable	(4,312)
Total equity	1,526,745
FelCor TRS Distribution, total equity	(103,134)
New Basis After FelCor TRS Distribution, total equity	$ 1,423,611

Merger with RLJ Lodging Trust M

Merger with RLJ Lodging Trust Merger with RLJ Logging Trust - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Aug. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Below market ground leases		$ 118,050
Advanced bookings		13,862
Other intangible assets		7,761
Total intangible assets		$ 139,673
Weighted Average Amortization Period (in Years)	46 years
Below market ground leases
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in Years)	54 years
Advanced bookings
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in Years)	1 year
Other intangible assets
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in Years)	6 years

Investment in Hotel Propertie37

Investment in Hotel Properties (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Real Estate Properties [Line Items]
Real Estate Depreciation and Amortization Excluding Discontinued Operations Expense	$ 20,500
Land and improvements	579,640
Buildings and improvements	1,711,158
Furniture, fixtures and equipment	119,659
Total	2,410,457
Accumulated depreciation	(46,117)
Investment in hotel and other properties, net	$ 2,364,340
Predecessor
Real Estate Properties [Line Items]
Real Estate Depreciation and Amortization Excluding Discontinued Operations Expense		$ 27,700
Land and improvements			$ 597,451
Buildings and improvements			1,801,302
Furniture, fixtures and equipment			126,590
Total			2,525,343
Accumulated depreciation			(27,463)
Investment in hotel and other properties, net			$ 2,497,880

Investment in Hotel Propertie38

Investment in Hotel Properties - Narrative (Details)	3 Months Ended
	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)property
Real Estate Properties [Line Items]
Depreciation and amortization expense related to investment in hotel and other properties, excluding discontinued operations	$ 20,500,000
Impairment loss	$ 0
Predecessor
Real Estate Properties [Line Items]
Depreciation and amortization expense related to investment in hotel and other properties, excluding discontinued operations		$ 27,700,000
Impairment loss		$ 24,838,000
Number of real estate properties impaired | property		1

Investment in Unconsolidated 39

Investment in Unconsolidated Entities - Narrative (Details)	Mar. 31, 2018property	Dec. 31, 2017hotel
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	50.00%
Number of properties owned	34
Unconsolidated Properties
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	50.00%	50.00%
Number of properties owned	2	2

Investment in Unconsolidated 40

Investment in Unconsolidated Entities - Schedule of Combined Statement of Operations Information of Unconsolidated Entities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Schedule of Equity Method Investments [Line Items]
Equity in income (loss) from unconsolidated joint ventures	$ 116
Predecessor
Schedule of Equity Method Investments [Line Items]
Equity in income (loss) from unconsolidated joint ventures		$ (130)
FelCor Lodging LP
Schedule of Equity Method Investments [Line Items]
Equity in income (loss) from unconsolidated joint ventures	$ 116
FelCor Lodging LP | Predecessor
Schedule of Equity Method Investments [Line Items]
Equity in income (loss) from unconsolidated joint ventures		$ (130)

Investment in Unconsolidated 41

Investment in Unconsolidated Entities - Schedule of Components of Investment In Unconsolidated Entities(Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Schedule of Equity Method Investments [Line Items]
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	$ 16,778	$ 16,912
Equity basis of the joint venture investments
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	(4,587)	(4,733)
Cost of the joint venture investments in excess of the joint venture book value
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	$ (21,365)	$ (21,645)

Investment in Unconsolidated 42

Investment in Unconsolidated Entities - Schedule of Components of Equity In Income (Loss) from Unconsolidated Entities(Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Schedule of Equity Method Investments [Line Items]
Equity in (income) loss from unconsolidated joint ventures	$ (116)
Predecessor
Schedule of Equity Method Investments [Line Items]
Equity in (income) loss from unconsolidated joint ventures		$ 130
Unconsolidated joint ventures net income (loss) attributable to the Company
Schedule of Equity Method Investments [Line Items]
Equity in (income) loss from unconsolidated joint ventures	(396)
Unconsolidated joint ventures net income (loss) attributable to the Company | Predecessor
Schedule of Equity Method Investments [Line Items]
Equity in (income) loss from unconsolidated joint ventures		33
Depreciation of cost in excess of book value
Schedule of Equity Method Investments [Line Items]
Equity in (income) loss from unconsolidated joint ventures	$ (280)
Depreciation of cost in excess of book value | Predecessor
Schedule of Equity Method Investments [Line Items]
Equity in (income) loss from unconsolidated joint ventures		$ (97)

Sale of Hotel Properties - Nar

Sale of Hotel Properties - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)property
Discontinued Operations and Disposal Groups [Abstract]
Number of hotel properties sold | property	2
Disposal of hotel properties | $	$ 119,200

Sale of Hotel Properties - Sch

Sale of Hotel Properties - Schedule of Properties Disposed (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)room	Mar. 27, 2018room	Feb. 21, 2018room
Embassy Suites Boston Marlborough & Sheraton Philadelphia Society Hill [Member]
Disposal Groups
Sales of Real Estate | $	$ 119.2
Gain (Loss) on Sale of Properties | $	$ (9.4)
Property disposed, number of rooms | room	593
Gain (Loss) on Termination of Lease | $	$ 1.5
Sheraton Philadelphia Society Hill Hotel
Disposal Groups
Property disposed, number of rooms | room		364
Embassy Suites Boston Marlborough
Disposal Groups
Property disposed, number of rooms | room			229

Debt (Details)

Debt (Details)	1 Months Ended	3 Months Ended
	Mar. 31, 2018USD ($)asset	Mar. 31, 2018USD ($)asset	Mar. 31, 2017USD ($)	Mar. 09, 2018USD ($)	Dec. 31, 2017USD ($)
Debt
Number of Assets Encumbered | asset	15	15
Long-term debt, gross	$ 744,423,000	$ 744,423,000
Deferred financing costs	(169,000)	(169,000)
Debt, net	$ 744,254,000	744,254,000			$ 1,300,000,000
Interest Expense		$ 13,100,000
Predecessor
Debt
Long-term debt, gross					1,299,336,000
Deferred financing costs					(231,000)
Debt, net					1,299,105,000
Interest Expense			$ 19,319,000
Interest Costs Capitalized			$ 400,000
Senior Secured Notes [Member]
Debt
Debt Instrument, Redemption Price, Percentage	102.813%
Early Repayment of Senior Secured Notes				$ 12,900,000
Debt Instrument, Repurchase Amount				$ 539,000,000
Senior Unsecured Notes [Member]
Debt
Debt Instrument, Redemption Price, Percentage		103.00%
Unsecured Debt | 6.00% Percent, Due June 2025
Debt
Number of Assets Encumbered | asset	0	0
Interest rate	6.00%	6.00%
Long-term debt, gross	$ 508,866,000	$ 508,866,000
Unsecured Debt | 6.00% Percent, Due June 2025 | Predecessor
Debt
Long-term debt, gross					510,047,000
Secured Debt | 5.63 Percent, Due March 2023
Debt
Number of Assets Encumbered | asset	9	9
Interest rate	5.625%	5.625%
Long-term debt, gross	$ 0	$ 0
Secured Debt | 5.63 Percent, Due March 2023 | Predecessor
Debt
Long-term debt, gross					552,669,000
Mortgage loans | LIBOR Plus Three Point Zero Zero Percent Due November 2018 [Member]
Debt
Number of Assets Encumbered | asset	1	1
Long-term debt, gross	$ 85,294,000	$ 85,294,000
Mortgage loans | LIBOR Plus Three Point Zero Zero Percent Due November 2018 [Member] | Predecessor
Debt
Long-term debt, gross					85,404,000
Mortgage loans | LIBOR Plus Three Point Zero Zero Percent Due November 2018 [Member] | LIBOR
Debt
Basis spread		3.00%
Mortgage loans | 4.95 Percent, Due October 2022
Debt
Number of Assets Encumbered | asset	4	4
Interest rate	4.95%	4.95%
Long-term debt, gross	$ 120,131,000	$ 120,131,000
Mortgage loans | 4.95 Percent, Due October 2022 | Predecessor
Debt
Long-term debt, gross					120,893,000
Mortgage loans | 4.94 Percent, Due October 2022
Debt
Number of Assets Encumbered | asset	1	1
Interest rate	4.94%	4.94%
Long-term debt, gross	$ 30,132,000	$ 30,132,000
Mortgage loans | 4.94 Percent, Due October 2022 | Predecessor
Debt
Long-term debt, gross					30,323,000
Senior Unsecured Notes [Member] | Unsecured Debt
Debt
Debt Instrument, Fair Value Adjustment, Net	33,866,074	33,866,074			35,100,000
Senior Secured Notes [Member] | Secured Debt
Debt
Debt Instrument, Fair Value Adjustment, Net					28,700,000
LIBOR Plus Three Point Zero Zero Percent Due November 2018 [Member] | Secured Debt
Debt
Debt Instrument, Fair Value Adjustment, Net	300,000	300,000			400,000
4.94 Percent, Due October 2022 | Secured Debt
Debt
Debt Instrument, Fair Value Adjustment, Net	700,000	700,000			700,000
4.95 Percent, Due October 2022 | Secured Debt
Debt
Debt Instrument, Fair Value Adjustment, Net	$ 2,900,000	$ 2,900,000			$ 3,000,000

Debt - Components of Interest

Debt - Components of Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Debt
Total interest expense	$ 13,100
Predecessor
Debt
Capitalized interest		$ 400
Total interest expense		$ 19,319

Fair Value (Details)

Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Mar. 09, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Long-term debt, carrying value	$ 744,254		$ 1,300,000
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Long-term debt fair value	731,800		1,300,000
Senior notes | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Long-term debt fair value	496,200		1,000,000
Debt Instrument, Repurchase Amount		$ 539,000
Mortgage loans | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Long-term debt fair value	$ 235,600		$ 236,200

Commitments and Contingencies

Commitments and Contingencies - Restricted Cash Reserves (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017
Restricted Cash and Cash Equivalents Items [Line Items]
Minimum restricted cash reserve escrows to be maintained as a percentage of the hotel's revenue	4.00%
Maximum restricted cash reserve escrows to be maintained as percentage of hotel's revenue	5.00%
Restricted cash reserves for future capital expenditures, real estate taxes and insurance	$ 4,700	$ 3,300
Predecessor
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash reserves for future capital expenditures, real estate taxes and insurance			$ 22,319

Commitments and Contingencies49

Commitments and Contingencies - Future Minimum Lease Payments to the Company Under Noncancelable Operating Leases (Details) $ in Thousands	Mar. 31, 2018USD ($)property
Commitments and Contingencies Disclosure [Abstract]
Number of TRS Leases Expiring in 2018	1
Number of TRS Leases Expiring in 2019 | property	24
Number of TRS Leases Expiring in 2022 | property	7
Number of TRS Leases expiring Thereafter | property	1
2,018	$ 80,231
2,019	69,296
2020 (1)	0
2021 (1)	0
2022 (1)	0
Thereafter (1)	0
Total	$ 149,527

Commitments and Contingencies50

Commitments and Contingencies - Pension Trust Litigation (Details) $ in Millions	1 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2018USD ($)property	Mar. 24, 2016hotel
Loss Contingencies [Line Items]
Number of properties owned | property		34
Loss contingency accrual | $		$ 5.1
Predecessor
Loss Contingencies [Line Items]
Withdrawal liability | $	$ 8.3
Predecessor | InterContinental Hotels Group PLC
Loss Contingencies [Line Items]
Number of properties owned			3
Predecessor | InterContinental Hotels Group PLC | Disposed of by sale
Loss Contingencies [Line Items]
Number of properties owned			2
Predecessor | Wyndham Hotel Group
Loss Contingencies [Line Items]
Number of properties owned			1

Commitments and Contingencies51

Commitments and Contingencies - Management Agreements (Details) - Predecessor $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)
Other Commitments
Management agreement term	10 years
Management fee expense	$ 7.2
NOI Guarantee over life of agreement	100
NOI Guarantee annual limit	21.5
Management Agreement, Guarantee Earnings Recognized During Period	$ 1
Minimum
Other Commitments
Management agreement term	5 years
Base management fee as percentage of hotel revenues	2.00%
Maximum
Other Commitments
Management agreement term	20 years
Base management fee as percentage of hotel revenues	5.00%

Commitments and Contingencies52

Commitments and Contingencies - Franchise Agreements (Details) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)
Predecessor
Other Commitments
Franchise fee expense	$ 0.3
Maximum
Other Commitments
Franchise agreements term	15 years
Franchise agreements, royalty fee as percentage of room revenue	5.50%
Franchise agreements, additional fees for marketing central reservation systems and other franchisor costs as percentage of room revenue	4.00%

Equity (Details)

Equity (Details) - USD ($)	Aug. 31, 2017	Mar. 31, 2018	Dec. 31, 2017	Oct. 31, 2017
Series A Preferred Stock
Equity, Class of Treasury Stock
Preferred shares, shares authorized (in shares)	20,000,000
Annual cumulative dividend (in dollars per share)	$ 1.95
Conversion ratio	0.7752
Joint Venture
Equity, Class of Treasury Stock
Proceeds from redeemable preferred equity		$ 45,000,000
Annual return (as a percent)		3.25%
Annual return equity not redeemed (as a percent)		8.00%
Non-compounding annual return (as a percent)		0.25%
RLJ Lodging Trust Limited Partnership [Member] | General Partner
Equity, Class of Treasury Stock
Company's ownership interest in OP units through a combination of direct and indirect interests (as a percent)		100.00%
Rangers Sub I, LLC
Equity, Class of Treasury Stock
Membership units, units outstanding (in shares)		1
Preferred capital in a consolidated joint venture, liquidation value of $45,458 and $45,430 at March 31, 2018 and December 31, 2017, respectively		$ 44,430,000	$ 44,430,000
Common shares of beneficial interest, par value (in dollars per share)		$ 0
Preferred shares, shares authorized (in shares)		0
Preferred shares, par value (in dollars per share)		$ 0
Rangers Sub I, LLC | Predecessor
Equity, Class of Treasury Stock
Membership units, units outstanding (in shares)			0
Common shares of beneficial interest, par value (in dollars per share)			$ 0
Preferred shares, shares authorized (in shares)			0
Preferred shares, par value (in dollars per share)			$ 0
Rangers Sub I, LLC | Limited Partners
Equity, Class of Treasury Stock
Company's ownership interest in OP units through a combination of direct and indirect interests (as a percent)		99.00%
Rangers General Partner, LLC [Member] | General Partner
Equity, Class of Treasury Stock
Company's ownership interest in OP units through a combination of direct and indirect interests (as a percent)		1.00%
FelCor Lodging LP
Equity, Class of Treasury Stock
Membership units, units outstanding (in shares)		1
Preferred capital in a consolidated joint venture, liquidation value of $45,458 and $45,430 at March 31, 2018 and December 31, 2017, respectively		$ 44,430,000	$ 44,430,000
Common shares of beneficial interest, par value (in dollars per share)		$ 0
Preferred shares, shares authorized (in shares)		0
Preferred shares, par value (in dollars per share)		$ 0
FelCor Lodging LP | Predecessor
Equity, Class of Treasury Stock
Membership units, units outstanding (in shares)			0
Common shares of beneficial interest, par value (in dollars per share)			$ 0
Preferred shares, shares authorized (in shares)			0
Preferred shares, par value (in dollars per share)			$ 0
FelCor Lodging LP | Predecessor | Common Stock
Equity, Class of Treasury Stock
Share repurchase program, authorized amount				$ 100,000,000
FelCor Lodging Trust
Equity, Class of Treasury Stock
Common shares of beneficial interest, par value (in dollars per share)				$ 0.01
Common stock, conversion basis	0.362
Annual cumulative dividend (in dollars per share)	$ 1.95
Preferred shares, par value (in dollars per share)	0.01
RLJ Lodging Trust [Member] | Series A Cumulative Preferred Stock
Equity, Class of Treasury Stock
Annual cumulative dividend (in dollars per share)	1.95
Preferred shares, par value (in dollars per share)	$ 0.01

Redeemable Noncontrolling Int54

Redeemable Noncontrolling Interests/Units in FelCor LP - Narrative (Details) $ in Thousands	Aug. 31, 2017	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Noncontrolling Interest [Line Items]
Business combination, stock conversion ratio	0.362
Predecessor | FelCor Lodging LP
Noncontrolling Interest [Line Items]
Redeemable units, at redemption value		$ 4,583	$ 4,888

Redeemable Noncontrolling Int55

Redeemable Noncontrolling Interests/Units in FelCor LP - Redeemable Noncontrolling Interests (Details) - Predecessor - FelCor Lodging LP $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Increase (Decrease) in Temporary Equity [Roll Forward]
Balance at beginning of the period	$ 4,888
Redemption value allocation	(81)
Distributions paid to unitholders	(38)
Net loss	(186)
Balance at end of the period	$ 4,583

Earnings (Loss) per Common Sh56

Earnings (Loss) per Common Share/Unit (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Schedule of Earnings Per Share, Basic and Diluted [Line Items]
Equity method investment, ownership percentage	50.00%
Predecessor
Numerator:
Less: Preferred dividends		$ (6,279)
Rangers Sub I, LLC
Numerator:
Less: Preferred dividends	$ 0
Rangers Sub I, LLC | Predecessor
Numerator:
Net Income (Loss) Attributable to Parent		(35,911)
Less: Preferred dividends		(6,279)
Less: Dividends paid on unvested restricted stock		(37)
Numerator for the loss attributable to Parent common stockholders excluding amounts attributable to unvested restricted stock		$ (42,227)
Denominator:
Weighted-average number of common shares - basic (in shares)		137,777,651
Weighted-average number of common shares - diluted (in shares)		137,777,651
Basic and diluted loss per share:
Earnings Per Share, Basic and Diluted		$ (0.31)
FelCor Lodging LP
Numerator:
Less: Preferred dividends	$ 0
FelCor Lodging LP | Predecessor
Numerator:
Net Income (Loss) Attributable to Parent		$ (36,097)
Less: Preferred dividends		(6,279)
Less: Dividends paid on unvested restricted stock		(37)
Numerator for the loss attributable to Parent common stockholders excluding amounts attributable to unvested restricted stock		$ (42,413)
Denominator:
Weighted-average number of common shares - basic (in shares)		138,387,834
Weighted-average number of common shares - diluted (in shares)		138,387,834
Basic and diluted loss per share:
Earnings Per Share, Basic and Diluted		$ (0.31)
Subsidiaries
Schedule of Earnings Per Share, Basic and Diluted [Line Items]
Equity method investment, ownership percentage	100.00%

Supplemental Information to S57

Supplemental Information to Statements of Cash Flows - Schedule of Supplemental Information to Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Supplemental Cash Flows [Line Items]
Restricted cash reserves	$ 4,700		$ 3,300
Cash, Cash Equivalents, and Restricted Cash Reserves	17,742
Interest paid, net of capitalized interest	18,188
Income taxes (refund) paid	(169)
Sale of hotel properties	119,200
Transaction costs	(2,576)
Proceeds from the sale of hotel properties, net	116,624
Accrued capital expenditures	$ 3,508
Predecessor
Supplemental Cash Flows [Line Items]
Cash and cash equivalents		$ 50,235
Restricted cash reserves		22,319
Cash, Cash Equivalents, and Restricted Cash Reserves		72,554
Interest paid, net of capitalized interest		18,787
Income taxes (refund) paid		224
Sale of hotel properties		0
Transaction costs		(812)
Proceeds from the sale of hotel properties, net		(812)
Accrued capital expenditures		$ 5,081

FelCor LP's Consolidating Fin58

FelCor LP's Consolidating Financial Information - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Condensed Financial Statements, Captions [Line Items]
Investment in hotel properties, net	$ 2,364,340
Investment in unconsolidated joint ventures	16,778	$ 16,912
Restricted cash reserves	4,700	3,300
Debt, net	$ 744,254	1,300,000
Predecessor
Condensed Financial Statements, Captions [Line Items]
Investment in hotel properties, net		2,497,880
Cash and cash equivalents			$ 50,235
Restricted cash reserves			22,319
Debt, net		1,299,105
FelCor Lodging LP
Condensed Financial Statements, Captions [Line Items]
Percentage of subsidiary guarantor owned by company	100.00%
Equity investment in consolidated entities	$ 0	0
Investment in hotel properties, net	2,364,340	2,497,880
Intangible assets, net	117,239	118,170
Investment in unconsolidated joint ventures	16,778	16,912
Cash and cash equivalents	13,025	14,728
Restricted cash reserves	4,717	3,303
Related party rent receivable	46,754	80,090
Prepaid expense and other assets	9,149	12,691
Total assets	2,572,002	2,743,774
Debt, net	744,254	1,299,105
Accounts payable and other liabilities	42,336	54,191
Related party lease termination fee payable	9,243	7,707
Accrued interest	9,588	12,286
Distributions payable	126	126
Total liabilities	805,547	1,373,415
Partnership interests	1,716,201	1,320,029
Total member's equity	1,716,201	1,320,029
Noncontrolling interests	5,824	5,900
Preferred capital in a consolidated joint venture, liquidation value of $45,458 and $45,430 at March 31, 2018 and December 31, 2017, respectively	44,430	44,430
Total equity	1,766,455	1,370,359
Total liabilities and equity	2,572,002	2,743,774
FelCor Lodging LP | Predecessor
Condensed Financial Statements, Captions [Line Items]
Redeemable units, at redemption value			4,583	$ 4,888
Total equity			$ 183,037	$ 232,583
FelCor Lodging LP | Eliminations
Condensed Financial Statements, Captions [Line Items]
Equity investment in consolidated entities	(2,216,746)	(2,384,094)
Investment in hotel properties, net	0	0
Intangible assets, net	0	0
Investment in unconsolidated joint ventures	0	0
Cash and cash equivalents	0	0
Restricted cash reserves	0	0
Related party rent receivable	0	0
Prepaid expense and other assets	0	0
Total assets	(2,216,746)	(2,384,094)
Debt, net	(32,709)	(32,709)
Accounts payable and other liabilities	0	0
Related party lease termination fee payable	0	0
Accrued interest	0	0
Distributions payable	0	0
Total liabilities	(32,709)	(32,709)
Partnership interests	(2,184,037)	(2,351,385)
Total member's equity	(2,184,037)	(2,351,385)
Noncontrolling interests	0	0
Preferred capital in a consolidated joint venture, liquidation value of $45,458 and $45,430 at March 31, 2018 and December 31, 2017, respectively	0	0
Total equity	(2,184,037)	(2,351,385)
Total liabilities and equity	(2,216,746)	(2,384,094)
FelCor Lodging LP | Parent Company
Condensed Financial Statements, Captions [Line Items]
Equity investment in consolidated entities	2,216,746	2,384,094
Investment in hotel properties, net	0	0
Intangible assets, net	0	0
Investment in unconsolidated joint ventures	16,778	16,912
Cash and cash equivalents	9,214	9,202
Restricted cash reserves	436	436
Related party rent receivable	0	0
Prepaid expense and other assets	2,384	4,405
Total assets	2,245,558	2,415,049
Debt, net	508,866	1,062,716
Accounts payable and other liabilities	10,903	20,018
Related party lease termination fee payable	0	0
Accrued interest	9,588	12,286
Distributions payable	0	0
Total liabilities	529,357	1,095,020
Partnership interests	1,716,201	1,320,029
Total member's equity	1,716,201	1,320,029
Noncontrolling interests	0	0
Preferred capital in a consolidated joint venture, liquidation value of $45,458 and $45,430 at March 31, 2018 and December 31, 2017, respectively	0	0
Total equity	1,716,201	1,320,029
Total liabilities and equity	2,245,558	2,415,049
FelCor Lodging LP | Subsidiary Guarantors
Condensed Financial Statements, Captions [Line Items]
Equity investment in consolidated entities	0	0
Investment in hotel properties, net	727,113	856,541
Intangible assets, net	48,199	48,846
Investment in unconsolidated joint ventures	0	0
Cash and cash equivalents	0	0
Restricted cash reserves	0	0
Related party rent receivable	14,915	32,200
Prepaid expense and other assets	1,746	3,292
Total assets	791,973	940,879
Debt, net	0	0
Accounts payable and other liabilities	14,572	13,605
Related party lease termination fee payable	1,536	0
Accrued interest	0	0
Distributions payable	0	0
Total liabilities	16,108	13,605
Partnership interests	775,865	927,274
Total member's equity	775,865	927,274
Noncontrolling interests	0	0
Preferred capital in a consolidated joint venture, liquidation value of $45,458 and $45,430 at March 31, 2018 and December 31, 2017, respectively	0	0
Total equity	775,865	927,274
Total liabilities and equity	791,973	940,879
FelCor Lodging LP | Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Equity investment in consolidated entities	0	0
Investment in hotel properties, net	1,637,227	1,641,339
Intangible assets, net	69,040	69,324
Investment in unconsolidated joint ventures	0	0
Cash and cash equivalents	3,811	5,526
Restricted cash reserves	4,281	2,867
Related party rent receivable	31,839	47,890
Prepaid expense and other assets	5,019	4,994
Total assets	1,751,217	1,771,940
Debt, net	268,097	269,098
Accounts payable and other liabilities	16,861	20,568
Related party lease termination fee payable	7,707	7,707
Accrued interest	0	0
Distributions payable	126	126
Total liabilities	292,791	297,499
Partnership interests	1,408,172	1,424,111
Total member's equity	1,408,172	1,424,111
Noncontrolling interests	5,824	5,900
Preferred capital in a consolidated joint venture, liquidation value of $45,458 and $45,430 at March 31, 2018 and December 31, 2017, respectively	44,430	44,430
Total equity	1,458,426	1,474,441
Total liabilities and equity	$ 1,751,217	$ 1,771,940

FelCor LP's Consolidating Fin59

FelCor LP's Consolidating Financial Information - Condensed Consolidating Statement of Operations and Comprehensive Loss (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Expense
Impairment loss	$ 0
Transaction costs	1,400,000
Interest expense	(13,100,000)
Equity in income (loss) from unconsolidated joint ventures	116,000
Predecessor
Revenue
Room revenue		$ 144,933,000
Food and beverage revenue		32,074,000
Other revenue		11,097,000
Related party lease revenue		0
Total revenue		188,104,000
Expense
Room expense		40,678,000
Food and beverage expense		26,222,000
Management and franchise fee expense		7,550,000
Other operating expense		54,388,000
Total property operating expense		128,838,000
Depreciation and amortization		27,838,000
Impairment loss		24,838,000
Property tax, insurance and other		14,689,000
General and administrative		6,940,000
Transaction costs		473,000
Total operating expense		203,616,000
Operating income (loss)		(15,512,000)
Other income		0
Interest income		33,000
Interest expense		(19,319,000)
Gain on extinguishment of indebtedness		0
Income (loss) before equity in income (loss) from unconsolidated joint ventures		(34,798,000)
Equity in income (loss) from unconsolidated joint ventures		(130,000)
Income (loss) before income tax expense		(34,928,000)
Income tax expense		(547,000)
Loss from operations		(35,475,000)
Loss on sale of hotel properties		(666,000)
Net income (loss) and comprehensive income (loss)		(36,141,000)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent		(35,911,000)
FelCor Lodging LP
Revenue
Room revenue	0
Food and beverage revenue	0
Other revenue	0
Related party lease revenue	53,550,000
Total revenue	53,550,000
Expense
Room expense	0
Food and beverage expense	0
Management and franchise fee expense	0
Other operating expense	0
Total property operating expense	0
Depreciation and amortization	20,712,000
Impairment loss	0
Property tax, insurance and other	14,831,000
General and administrative	608,000
Transaction costs	1,528,000
Total operating expense	37,679,000
Operating income (loss)	15,871,000
Other income	8,000
Interest income	30,000
Interest expense	(13,147,000)
Gain on extinguishment of indebtedness	12,929,000
Income (loss) before equity in income (loss) from unconsolidated joint ventures	15,691,000
Equity in Income (Loss) from consolidated entities	0
Equity in income (loss) from unconsolidated joint ventures	116,000
Income (loss) before income tax expense	15,807,000
Income tax expense	0
Income from continuing operations	15,807,000
Loss from operations	15,807,000
Loss on sale of hotel properties	(9,366,000)
Net income (loss) and comprehensive income (loss)	6,441,000
Net Income (Loss) Attributable to Noncontrolling Interest	76,000
Preferred distributions - consolidated joint venture	(366,000)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	6,151,000
Comprehensive Income (Loss), Attributable to Common Shareholders	6,151,000
FelCor Lodging LP | Predecessor
Revenue
Room revenue		144,933,000
Food and beverage revenue		32,074,000
Other revenue		11,097,000
Related party lease revenue		0
Total revenue		188,104,000
Expense
Room expense		40,678,000
Food and beverage expense		26,222,000
Management and franchise fee expense		7,550,000
Other operating expense		54,388,000
Total property operating expense		128,838,000
Depreciation and amortization		27,838,000
Impairment loss		24,838,000
Property tax, insurance and other		14,689,000
General and administrative		6,940,000
Transaction costs		473,000
Total operating expense		203,616,000
Operating income (loss)		(15,512,000)
Intercompany interest income (expense)		0
Other income		0
Interest income		33,000
Interest expense		(19,319,000)
Gain on extinguishment of indebtedness		0
Income (loss) before equity in income (loss) from unconsolidated joint ventures		(34,798,000)
Equity in Income (Loss) from consolidated entities		0
Equity in income (loss) from unconsolidated joint ventures		(130,000)
Income (loss) before income tax expense		(34,928,000)
Income tax expense		(547,000)
Loss from operations		(35,475,000)
Loss on sale of hotel properties		(666,000)
Net income (loss) and comprehensive income (loss)		(36,141,000)
Net Income (Loss) Attributable to Noncontrolling Interest		404,000
Preferred distributions - consolidated joint venture		(360,000)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent		(36,097,000)
Preferred distributions		(6,279,000)
Comprehensive Income (Loss), Attributable to Common Shareholders		(42,376,000)
FelCor Lodging LP | Eliminations
Revenue
Related party lease revenue	0
Total revenue	0
Expense
Depreciation and amortization	0
Property tax, insurance and other	0
General and administrative	0
Transaction costs	0
Total operating expense	0
Operating income (loss)	0
Other income	0
Interest income	(78,000)
Interest expense	78,000
Gain on extinguishment of indebtedness	0
Income (loss) before equity in income (loss) from unconsolidated joint ventures	0
Equity in Income (Loss) from consolidated entities	(5,723,000)
Equity in income (loss) from unconsolidated joint ventures	0
Income from continuing operations	(5,723,000)
Loss on sale of hotel properties	0
Net income (loss) and comprehensive income (loss)	(5,723,000)
Net Income (Loss) Attributable to Noncontrolling Interest	0
Preferred distributions - consolidated joint venture	0
Comprehensive Income (Loss), Attributable to Common Shareholders	(5,723,000)
FelCor Lodging LP | Eliminations | Predecessor
Revenue
Room revenue		0
Food and beverage revenue		0
Other revenue		0
Related party lease revenue		(38,044,000)
Total revenue		(38,044,000)
Expense
Room expense		0
Food and beverage expense		0
Management and franchise fee expense		0
Other operating expense		0
Total property operating expense		0
Depreciation and amortization		0
Impairment loss		0
Property tax, insurance and other		(38,044,000)
General and administrative		0
Transaction costs		0
Total operating expense		(38,044,000)
Operating income (loss)		0
Intercompany interest income (expense)		0
Interest income		0
Interest expense		0
Income (loss) before equity in income (loss) from unconsolidated joint ventures		0
Equity in Income (Loss) from consolidated entities		21,435,000
Equity in income (loss) from unconsolidated joint ventures		0
Income (loss) before income tax expense		21,435,000
Income tax expense		0
Loss from operations		21,435,000
Loss on sale of hotel properties		0
Net income (loss) and comprehensive income (loss)		21,435,000
Net Income (Loss) Attributable to Noncontrolling Interest		0
Preferred distributions - consolidated joint venture		0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent		21,435,000
Preferred distributions		0
Comprehensive Income (Loss), Attributable to Common Shareholders		21,435,000
FelCor Lodging LP | Parent Company
Revenue
Related party lease revenue	0
Total revenue	0
Expense
Depreciation and amortization	114,000
Property tax, insurance and other	42,000
General and administrative	481,000
Transaction costs	1,509,000
Total operating expense	2,146,000
Operating income (loss)	(2,146,000)
Other income	8,000
Interest income	108,000
Interest expense	(10,587,000)
Gain on extinguishment of indebtedness	12,929,000
Income (loss) before equity in income (loss) from unconsolidated joint ventures	312,000
Equity in Income (Loss) from consolidated entities	5,723,000
Equity in income (loss) from unconsolidated joint ventures	116,000
Income from continuing operations	6,151,000
Loss on sale of hotel properties	0
Net income (loss) and comprehensive income (loss)	6,151,000
Net Income (Loss) Attributable to Noncontrolling Interest	0
Preferred distributions - consolidated joint venture	0
Comprehensive Income (Loss), Attributable to Common Shareholders	6,151,000
FelCor Lodging LP | Parent Company | Predecessor
Revenue
Room revenue		0
Food and beverage revenue		0
Other revenue		4,000
Related party lease revenue		0
Total revenue		4,000
Expense
Room expense		0
Food and beverage expense		0
Management and franchise fee expense		0
Other operating expense		0
Total property operating expense		0
Depreciation and amortization		115,000
Impairment loss		0
Property tax, insurance and other		40,000
General and administrative		0
Transaction costs		473,000
Total operating expense		628,000
Operating income (loss)		(624,000)
Intercompany interest income (expense)		95,000
Interest income		18,000
Interest expense		(14,566,000)
Income (loss) before equity in income (loss) from unconsolidated joint ventures		(15,077,000)
Equity in Income (Loss) from consolidated entities		(21,435,000)
Equity in income (loss) from unconsolidated joint ventures		441,000
Income (loss) before income tax expense		(36,071,000)
Income tax expense		(26,000)
Loss from operations		(36,097,000)
Loss on sale of hotel properties		0
Net income (loss) and comprehensive income (loss)		(36,097,000)
Net Income (Loss) Attributable to Noncontrolling Interest		0
Preferred distributions - consolidated joint venture		0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent		(36,097,000)
Preferred distributions		(6,279,000)
Comprehensive Income (Loss), Attributable to Common Shareholders		(42,376,000)
FelCor Lodging LP | Subsidiary Guarantors
Revenue
Related party lease revenue	18,853,000
Total revenue	18,853,000
Expense
Depreciation and amortization	8,752,000
Property tax, insurance and other	7,485,000
General and administrative	40,000
Transaction costs	8,000
Total operating expense	16,285,000
Operating income (loss)	2,568,000
Other income	0
Interest income	0
Interest expense	0
Gain on extinguishment of indebtedness	0
Income (loss) before equity in income (loss) from unconsolidated joint ventures	2,568,000
Equity in Income (Loss) from consolidated entities	0
Equity in income (loss) from unconsolidated joint ventures	0
Income from continuing operations	2,568,000
Loss on sale of hotel properties	(9,399,000)
Net income (loss) and comprehensive income (loss)	(6,831,000)
Net Income (Loss) Attributable to Noncontrolling Interest	0
Preferred distributions - consolidated joint venture	0
Comprehensive Income (Loss), Attributable to Common Shareholders	(6,831,000)
FelCor Lodging LP | Subsidiary Guarantors | Predecessor
Revenue
Room revenue		144,933,000
Food and beverage revenue		32,074,000
Other revenue		11,032,000
Related party lease revenue		0
Total revenue		188,039,000
Expense
Room expense		40,678,000
Food and beverage expense		26,222,000
Management and franchise fee expense		7,550,000
Other operating expense		54,388,000
Total property operating expense		128,838,000
Depreciation and amortization		10,858,000
Impairment loss		24,838,000
Property tax, insurance and other		46,693,000
General and administrative		3,630,000
Transaction costs		0
Total operating expense		214,857,000
Operating income (loss)		(26,818,000)
Intercompany interest income (expense)		0
Interest income		15,000
Interest expense		0
Income (loss) before equity in income (loss) from unconsolidated joint ventures		(26,803,000)
Equity in Income (Loss) from consolidated entities		0
Equity in income (loss) from unconsolidated joint ventures		(560,000)
Income (loss) before income tax expense		(27,363,000)
Income tax expense		(521,000)
Loss from operations		(27,884,000)
Loss on sale of hotel properties		(526,000)
Net income (loss) and comprehensive income (loss)		(28,410,000)
Net Income (Loss) Attributable to Noncontrolling Interest		266,000
Preferred distributions - consolidated joint venture		0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent		(28,144,000)
Preferred distributions		0
Comprehensive Income (Loss), Attributable to Common Shareholders		(28,144,000)
FelCor Lodging LP | Non-Guarantor Subsidiaries
Revenue
Related party lease revenue	34,697,000
Total revenue	34,697,000
Expense
Depreciation and amortization	11,846,000
Property tax, insurance and other	7,304,000
General and administrative	87,000
Transaction costs	11,000
Total operating expense	19,248,000
Operating income (loss)	15,449,000
Other income	0
Interest income	0
Interest expense	(2,638,000)
Gain on extinguishment of indebtedness	0
Income (loss) before equity in income (loss) from unconsolidated joint ventures	12,811,000
Equity in Income (Loss) from consolidated entities	0
Equity in income (loss) from unconsolidated joint ventures	0
Income from continuing operations	12,811,000
Loss on sale of hotel properties	33,000
Net income (loss) and comprehensive income (loss)	12,844,000
Net Income (Loss) Attributable to Noncontrolling Interest	76,000
Preferred distributions - consolidated joint venture	(366,000)
Comprehensive Income (Loss), Attributable to Common Shareholders	$ 12,554,000
FelCor Lodging LP | Non-Guarantor Subsidiaries | Predecessor
Revenue
Room revenue		0
Food and beverage revenue		0
Other revenue		61,000
Related party lease revenue		38,044,000
Total revenue		38,105,000
Expense
Room expense		0
Food and beverage expense		0
Management and franchise fee expense		0
Other operating expense		0
Total property operating expense		0
Depreciation and amortization		16,865,000
Impairment loss		0
Property tax, insurance and other		6,000,000
General and administrative		3,310,000
Transaction costs		0
Total operating expense		26,175,000
Operating income (loss)		11,930,000
Intercompany interest income (expense)		(95,000)
Interest income		0
Interest expense		(4,753,000)
Income (loss) before equity in income (loss) from unconsolidated joint ventures		7,082,000
Equity in Income (Loss) from consolidated entities		0
Equity in income (loss) from unconsolidated joint ventures		(11,000)
Income (loss) before income tax expense		7,071,000
Income tax expense		0
Loss from operations		7,071,000
Loss on sale of hotel properties		(140,000)
Net income (loss) and comprehensive income (loss)		6,931,000
Net Income (Loss) Attributable to Noncontrolling Interest		138,000
Preferred distributions - consolidated joint venture		(360,000)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent		6,709,000
Preferred distributions		0
Comprehensive Income (Loss), Attributable to Common Shareholders		$ 6,709,000

FelCor LP's Consolidating Fin60

FelCor LP's Consolidating Financial Information - Condensed Consolidating Statement of Cash Flows (Details) - FelCor Lodging LP - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Operating activities:
Cash flows from operating activities	$ 49,298
Investing activities:
Improvements and additions to hotel properties	(18,141)
Additions to property and equipment	(3)
Net payments related to asset sales	116,624
Distributions from unconsolidated joint ventures in excess of earnings	0
Intercompany financing	0
Net cash flow provided by (used in) investing activities	98,480
Financing activities:
Proceeds from borrowings	0
Repayments of borrowings	(539,512)
Contributions from members	598,033
Contributions from noncontrolling interests	0
Distributions to partners	(206,212)
Payment of deferred financing fees	(10)
Preferred distributions - consolidated joint venture	(366)
Distributions to preferred unitholders	0
Distributions to common unitholders	0
Intercompany financing	0
Net cash flow used in financing activities	(148,067)
Net change in cash, cash equivalents, and restricted cash reserves	(289)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	17,742		$ 18,031
Predecessor
Operating activities:
Cash flows from operating activities		$ 25,964
Investing activities:
Improvements and additions to hotel properties		(19,462)
Additions to property and equipment		0
Net payments related to asset sales		(812)
Distributions from unconsolidated joint ventures in excess of earnings		490
Intercompany financing		0
Net cash flow provided by (used in) investing activities		(19,784)
Financing activities:
Proceeds from borrowings		29,000
Repayments of borrowings		(13,717)
Contributions from members		0
Contributions from noncontrolling interests		100
Payment of deferred financing fees		0
Preferred distributions - consolidated joint venture		(360)
Distributions to preferred unitholders		(6,279)
Distributions to common unitholders		(8,326)
Intercompany financing		0
Other		(1,212)
Net cash flow used in financing activities		(434)
Net change in cash, cash equivalents, and restricted cash reserves		5,746
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents		72,554		$ 66,808
Eliminations
Operating activities:
Cash flows from operating activities	0
Investing activities:
Improvements and additions to hotel properties	0
Additions to property and equipment	0
Net payments related to asset sales	0
Intercompany financing	(171,272)
Net cash flow provided by (used in) investing activities	(171,272)
Financing activities:
Repayments of borrowings	0
Contributions from members	0
Distributions to partners	0
Payment of deferred financing fees	0
Preferred distributions - consolidated joint venture	0
Intercompany financing	171,272
Net cash flow used in financing activities	171,272
Net change in cash, cash equivalents, and restricted cash reserves	0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	0		0
Eliminations | Predecessor
Operating activities:
Cash flows from operating activities		0
Investing activities:
Improvements and additions to hotel properties		0
Net payments related to asset sales		0
Distributions from unconsolidated joint ventures in excess of earnings		0
Intercompany financing		(37,025)
Net cash flow provided by (used in) investing activities		(37,025)
Financing activities:
Proceeds from borrowings		0
Repayments of borrowings		0
Contributions from noncontrolling interests		0
Distributions to preferred unitholders		0
Distributions to common unitholders		0
Intercompany financing		37,025
Other		0
Net cash flow used in financing activities		37,025
Net change in cash, cash equivalents, and restricted cash reserves		0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents		0		0
Parent Company
Operating activities:
Cash flows from operating activities	(24,317)
Investing activities:
Improvements and additions to hotel properties	0
Additions to property and equipment	(3)
Net payments related to asset sales	0
Intercompany financing	171,272
Net cash flow provided by (used in) investing activities	171,269
Financing activities:
Repayments of borrowings	(538,760)
Contributions from members	598,033
Distributions to partners	(206,212)
Payment of deferred financing fees	0
Preferred distributions - consolidated joint venture	0
Intercompany financing	0
Net cash flow used in financing activities	(146,939)
Net change in cash, cash equivalents, and restricted cash reserves	13
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	9,650		9,637
Parent Company | Predecessor
Operating activities:
Cash flows from operating activities		(16,563)
Investing activities:
Improvements and additions to hotel properties		2
Net payments related to asset sales		(306)
Distributions from unconsolidated joint ventures in excess of earnings		490
Intercompany financing		37,025
Net cash flow provided by (used in) investing activities		37,211
Financing activities:
Proceeds from borrowings		0
Repayments of borrowings		0
Contributions from noncontrolling interests		0
Distributions to preferred unitholders		(6,279)
Distributions to common unitholders		(8,326)
Intercompany financing		0
Other		(852)
Net cash flow used in financing activities		(15,457)
Net change in cash, cash equivalents, and restricted cash reserves		5,191
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents		18,723		13,532
Subsidiary Guarantors
Operating activities:
Cash flows from operating activities	31,603
Investing activities:
Improvements and additions to hotel properties	(5,416)
Additions to property and equipment	0
Net payments related to asset sales	116,591
Intercompany financing	0
Net cash flow provided by (used in) investing activities	111,175
Financing activities:
Repayments of borrowings	0
Contributions from members	0
Distributions to partners	0
Payment of deferred financing fees	0
Preferred distributions - consolidated joint venture	0
Intercompany financing	(142,778)
Net cash flow used in financing activities	(142,778)
Net change in cash, cash equivalents, and restricted cash reserves	0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	0		0
Subsidiary Guarantors | Predecessor
Operating activities:
Cash flows from operating activities		17,875
Investing activities:
Improvements and additions to hotel properties		(5,719)
Net payments related to asset sales		(406)
Distributions from unconsolidated joint ventures in excess of earnings		0
Intercompany financing		0
Net cash flow provided by (used in) investing activities		(6,125)
Financing activities:
Proceeds from borrowings		0
Repayments of borrowings		0
Contributions from noncontrolling interests		100
Distributions to preferred unitholders		0
Distributions to common unitholders		0
Intercompany financing		(12,403)
Other		0
Net cash flow used in financing activities		(12,303)
Net change in cash, cash equivalents, and restricted cash reserves		(553)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents		45,021		45,574
Non-Guarantor Subsidiaries
Operating activities:
Cash flows from operating activities	42,012
Investing activities:
Improvements and additions to hotel properties	(12,725)
Additions to property and equipment	0
Net payments related to asset sales	33
Intercompany financing	0
Net cash flow provided by (used in) investing activities	(12,692)
Financing activities:
Repayments of borrowings	(752)
Contributions from members	0
Distributions to partners	0
Payment of deferred financing fees	(10)
Preferred distributions - consolidated joint venture	(366)
Intercompany financing	(28,494)
Net cash flow used in financing activities	(29,622)
Net change in cash, cash equivalents, and restricted cash reserves	(302)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 8,092		$ 8,394
Non-Guarantor Subsidiaries | Predecessor
Operating activities:
Cash flows from operating activities		24,652
Investing activities:
Improvements and additions to hotel properties		(13,745)
Net payments related to asset sales		(100)
Distributions from unconsolidated joint ventures in excess of earnings		0
Intercompany financing		0
Net cash flow provided by (used in) investing activities		(13,845)
Financing activities:
Proceeds from borrowings		29,000
Repayments of borrowings		(13,717)
Contributions from noncontrolling interests		0
Distributions to preferred unitholders		0
Distributions to common unitholders		0
Intercompany financing		(24,622)
Other		(360)
Net cash flow used in financing activities		(9,699)
Net change in cash, cash equivalents, and restricted cash reserves		1,108
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents		$ 8,810		$ 7,702

Uncategorized Items - rlj-20180

Label	Element	Value
Rangers Sub I, LLC [Member]
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	$ 18,031,000
Rangers Sub I, LLC [Member] | Predecessor [Member]
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	$ 66,808,000