FelCor Lodging Trust (FCH) 10-Q 2 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 25, 2016
Document and Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	FCH
Entity Registrant Name	FelCor Lodging Trust Incorporated
Entity Central Index Key	923,603
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		139,009,016
FelCor Lodging LP [Member]
Document and Entity Information [Line Items]
Entity Registrant Name	FelCor Lodging LP
Entity Central Index Key	1,048,789
Entity Filer Category	Non-accelerated Filer

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Assets
Investment in hotels, net of accumulated depreciation of $919,071 and $899,575 at March 31, 2016 and December 31, 2015, respectively	$ 1,711,523	$ 1,729,531
Investment in unconsolidated entities	9,171	9,575
Cash and cash equivalents	57,958	59,786
Restricted cash	21,097	17,702
Accounts receivable, net of allowance for doubtful accounts of $303 and $204 at March 31, 2016 and December 31, 2015, respectively	34,819	28,136
Deferred expenses, net of accumulated amortization of $1,554 and $1,086 at March 31, 2016 and December 31, 2015, respectively	5,932	6,390
Other assets	17,676	14,792
Total assets	1,858,176	1,865,912
Liabilities and Equity
Debt, net of unamortized debt issuance costs of $17,666 and $18,065 at March 31, 2016 and December 31, 2015, respectively	1,440,792	1,409,889
Distributions payable	15,062	15,140
Accrued expenses and other liabilities	123,766	125,274
Total liabilities	$ 1,579,620	$ 1,550,303
Commitments and contingencies
Redeemable noncontrolling interests in FelCor LP, 611 units issued and outstanding at March 31, 2016 and December 31, 2015	$ 4,965	$ 4,464
Preferred stock, $0.01 par value, 20,000 shares authorized:
Common stock, $0.01 par value, 200,000 shares authorized; 139,307 and 141,808 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	1,393	1,418
Additional paid-in capital	2,569,389	2,567,515
Accumulated deficit	(2,657,715)	(2,618,117)
Total FelCor stockholders’ equity	222,404	260,153
Noncontrolling interests in other partnerships	7,403	7,806
Preferred equity in consolidated joint venture, liquidation value of $44,582 and $43,954 at March 31, 2016 and December 31, 2015, respectively	43,784	43,186
Total equity	273,591	311,145
Total liabilities and equity	1,858,176	1,865,912
FelCor Lodging LP [Member]
Assets
Investment in hotels, net of accumulated depreciation of $919,071 and $899,575 at March 31, 2016 and December 31, 2015, respectively	1,711,523	1,729,531
Investment in unconsolidated entities	9,171	9,575
Cash and cash equivalents	57,958	59,786
Restricted cash	21,097	17,702
Accounts receivable, net of allowance for doubtful accounts of $303 and $204 at March 31, 2016 and December 31, 2015, respectively	34,819	28,136
Deferred expenses, net of accumulated amortization of $1,554 and $1,086 at March 31, 2016 and December 31, 2015, respectively	5,932	6,390
Other assets	17,676	14,792
Total assets	1,858,176	1,865,912
Liabilities and Equity
Debt, net of unamortized debt issuance costs of $17,666 and $18,065 at March 31, 2016 and December 31, 2015, respectively	1,440,792	1,409,889
Distributions payable	15,062	15,140
Accrued expenses and other liabilities	123,766	125,274
Total liabilities	$ 1,579,620	$ 1,550,303
Commitments and contingencies
Redeemable noncontrolling interests in FelCor LP, 611 units issued and outstanding at March 31, 2016 and December 31, 2015	$ 4,965	$ 4,464
Preferred stock, $0.01 par value, 20,000 shares authorized:
Preferred equity in consolidated joint venture, liquidation value of $44,582 and $43,954 at March 31, 2016 and December 31, 2015, respectively	43,784	43,186
Total liabilities and equity	1,858,176	1,865,912
Preferred Units, Preferred Partners' Capital Account [Abstract]
Preferred Units, Contributed Capital	309,337	309,337
Common units, 139,307 and 141,808 units issued and outstanding at March 31, 2016 and December 31, 2015, respectively	(86,933)	(49,184)
Total FelCor LP partners’ capital	222,404	260,153
Noncontrolling interests	7,403	7,806
Preferred capital in consolidated joint venture	43,784	43,186
Total partners’ capital	273,591	311,145
FelCor Lodging LP [Member] | Series A Cumulative Convertible Preferred Units, 12,879 units issued and outstanding at March 31, 2016 and December 31, 2015
Preferred Units, Preferred Partners' Capital Account [Abstract]
Preferred Units, Contributed Capital	309,337	309,337
Series A Cumulative Convertible Preferred Stock, 12,879 shares, liquidation value of $321,987, issued and outstanding at March 31, 2016 and December 31, 2015
Preferred stock, $0.01 par value, 20,000 shares authorized:
Cumulative Preferred Stock	$ 309,337	$ 309,337

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Accumulated depreciation	$ 919,071	$ 899,575
Allowance for doubtful accounts	303	204
Accumulated Amortization of Debt Issuance Costs, Line of Credit Arrangements	1,554	1,086
Debt Issuance Costs, Net	$ 17,666	$ 18,065
Units of noncontrolling interests in FelCor LP issued (in shares)	611,000	611,000
Units of noncontrolling interests in FelCor LP outstanding (in shares)	611,000	611,000
Preferred Stock, par value	$ 0.01	$ 0.01
Preferred Stock, shares authorized	20,000,000	20,000,000
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	200,000,000	200,000,000
Common Stock, shares issued and outstanding	139,307,000	141,808,000
Joint Venture Liquidation Value	$ 44,582	$ 43,954
Series A Preferred Stock [Member]
Preferred Stock, shares issued	12,879,000	12,879,000
Preferred Stock, shares outstanding	12,879,000	12,879,000
Preferred Stock, liquidation value	$ 321,987	$ 321,987
FelCor Lodging LP [Member]
Accumulated depreciation	919,071	899,575
Allowance for doubtful accounts	303	204
Accumulated Amortization of Debt Issuance Costs, Line of Credit Arrangements	1,554	1,086
Debt Issuance Costs, Net	$ 17,666	$ 18,065
Units of noncontrolling interests in FelCor LP outstanding (in shares)	611,462
Units of redeemable units issued	611,000	611,000
Units of redeemable units outstanding	611,000	611,000
Common units issued and outstanding	139,307,000	141,808,000
FelCor Lodging LP [Member] | Series A Preferred Units [Member]
Series A Cumulative Convertible Preferred Units issued	12,879,000	12,879,000
Series A Cumulative Convertible Preferred Units outstanding	12,879,000	12,879,000

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenues:
Hotel operating revenue	$ 209,457	$ 213,285
Other revenue	687	410
Total revenues	210,144	213,695
Expenses:
Hotel departmental expenses	77,438	77,656
Other property-related costs	55,566	56,895
Management and franchise fees	9,225	9,085
Taxes, insurance and lease expense	13,582	14,807
Corporate expenses	8,400	8,573
Depreciation and amortization	29,183	27,772
Other expenses	828	4,228
Total operating expenses	194,222	199,016
Operating income	15,922	14,679
Interest expense, net	(19,720)	(19,481)
Debt extinguishment	0	(73)
Loss before equity in income (loss) from unconsolidated entities	(3,798)	(4,875)
Equity in income (loss) from unconsolidated entities	(154)	149
Loss from continuing operations before income tax expense	(3,952)	(4,726)
Income tax expense	(415)	(169)
Loss from continuing operations	(4,367)	(4,895)
Income from discontinued operations	0	4
Loss before gain (loss) on sale of hotels	(4,367)	(4,891)
Gain (loss) on sale of hotels, net	(714)	16,887
Net income (loss) and comprehensive income (loss)	(5,081)	11,996
Net loss (income) attributable to noncontrolling interests in other partnerships	471	(4,879)
Net loss attributable to redeemable noncontrolling interests in FelCor LP	48	14
Preferred distributions - consolidated joint venture	(360)	(348)
Net income (loss) and comprehensive income (loss) attributable to reporting entity	(4,922)	6,783
Preferred dividends	(6,279)	(9,678)
Net loss attributable to FelCor common stockholders	$ (11,201)	$ (2,895)
Basic and diluted per common share/unit data:
Income (Loss) from Continuing Operations, Per Basic and Diluted Share	$ (0.08)	$ (0.02)
Earnings Per Share, Basic and Diluted	$ (0.08)	$ (0.02)
Weighted Average Number of Shares Outstanding, Basic and Diluted	139,678	124,519
FelCor Lodging LP [Member]
Revenues:
Hotel operating revenue	$ 209,457	$ 213,285
Other revenue	687	410
Total revenues	210,144	213,695
Expenses:
Hotel departmental expenses	77,438	77,656
Other property-related costs	55,566	56,895
Management and franchise fees	9,225	9,085
Taxes, insurance and lease expense	13,582	14,807
Corporate expenses	8,400	8,573
Depreciation and amortization	29,183	27,772
Other expenses	828	4,228
Total operating expenses	194,222	199,016
Operating income	15,922	14,679
Interest expense, net	(19,720)	(19,481)
Debt extinguishment	0	(73)
Loss before equity in income (loss) from unconsolidated entities	(3,798)	(4,875)
Equity in income (loss) from unconsolidated entities	(154)	149
Loss from continuing operations before income tax expense	(3,952)	(4,726)
Income tax expense	(415)	(169)
Loss from continuing operations	(4,367)	(4,895)
Income from discontinued operations	0	4
Loss before gain (loss) on sale of hotels	(4,367)	(4,891)
Gain (loss) on sale of hotels, net	(714)	16,887
Net income (loss) and comprehensive income (loss)	(5,081)	11,996
Net loss (income) attributable to noncontrolling interests in other partnerships	471	(4,879)
Preferred distributions - consolidated joint venture	(360)	(348)
Net income (loss) and comprehensive income (loss) attributable to reporting entity	(4,970)	6,769
Preferred dividends	(6,279)	(9,678)
Net loss attributable to FelCor LP common unitholders	$ (11,249)	$ (2,909)
Basic and diluted per common share/unit data:
Income (Loss) from Continuing Operations, Per Basic and Diluted Share	$ (0.08)	$ (0.02)
Earnings Per Share, Basic and Diluted	$ (0.08)	$ (0.02)
Weighted Average Number of Shares Outstanding, Basic and Diluted	140,289	125,130

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) shares in Thousands	Total	$0.4875 per Series A preferred share	Series C Preferred Stock [Member]	Dividend per common stock	Preferred Stock	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Deficit$0.4875 per Series A preferred share	Accumulated DeficitSeries C Preferred Stock [Member]	Accumulated DeficitDividend per common stock	Noncontrolling Interests in Other Partnerships	Preferred Equity in Consolidated Joint Venture
Shares, Issued - beginning balance at Dec. 31, 2014					12,947	124,605
Stockholders' Equity, beginning balance at Dec. 31, 2014	$ 362,867,000				$ 478,749,000	$ 1,246,000	$ 2,353,666,000	$ (2,530,671,000)				$ 18,435,000	$ 41,442,000
Increase (Decrease) in Stockholders' Equity
Issuance of stock awards - shares						267
Issuance of stock awards - value	0					$ 3,000	(3,000)
Stock awards - amortization	1,584,000						1,584,000
Stock compensation withheld - shares						0
Payments Related to Tax Withholding for Share-based Compensation	(8,000)
Stock compensation withheld - value	(8,000)					$ 0	0	(8,000)
Allocation to redeemable noncontrolling interests	(447,000)						(447,000)
Contribution from noncontrolling interests	790,000											790,000
Distribution to noncontrolling interests	(15,826,000)											(15,826,000)
Dividends, Common Stock				$ (5,069,000)							$ (5,069,000)
Preferred dividends	(348,000)	$ (6,279,000)	$ (3,399,000)						$ (6,279,000)	$ (3,399,000)			(348,000)
Issuance of preferred equity - consolidated joint venture	1,248,000												1,248,000
Net income (loss) and comprehensive income (loss) (attributable to FelCor and noncontrolling interests in other partnerships)	12,010,000							6,783,000				4,879,000	348,000
Shares, Issued - ending balance at Mar. 31, 2015					12,947	124,872
Stockholders' Equity, ending balance at Mar. 31, 2015	347,123,000				$ 478,749,000	$ 1,249,000	2,354,800,000	(2,538,643,000)				8,278,000	42,690,000
Shares, Issued - beginning balance at Dec. 31, 2014					12,947	124,605
Stockholders' Equity, beginning balance at Dec. 31, 2014	362,867,000				$ 478,749,000	$ 1,246,000	2,353,666,000	(2,530,671,000)				18,435,000	41,442,000
Increase (Decrease) in Stockholders' Equity
Payments Related to Tax Withholding for Share-based Compensation	(2,100,000)
Shares, Issued - ending balance at Dec. 31, 2015					12,879	141,808
Stockholders' Equity, ending balance at Dec. 31, 2015	311,145,000				$ 309,337,000	$ 1,418,000	2,567,515,000	(2,618,117,000)				7,806,000	43,186,000
Increase (Decrease) in Stockholders' Equity
Stock Repurchased During Period, Shares						(2,948)
Stock Repurchased During Period, Value	(19,218,000)					$ (29,000)	0	(19,189,000)				0	0
Issuance of stock awards - shares						545
Issuance of stock awards - value	44,000					$ 5,000	39,000
Cumulative effect of change in accounting for stock compensation forfeitures	185,000						185,000	(185,000)
Stock awards - amortization	2,235,000						2,235,000
Stock compensation withheld - shares						(98)
Payments Related to Tax Withholding for Share-based Compensation	(592,000)					$ (1,000)	0	(591,000)
Allocation to redeemable noncontrolling interests	(585,000)						(585,000)
Contribution from noncontrolling interests	68,000											68,000
Dividends, Common Stock				$ (8,432,000)							$ (8,432,000)
Preferred dividends	(360,000)	$ (6,279,000)						0	$ (6,279,000)				(360,000)
Issuance of preferred equity - consolidated joint venture	598,000												598,000
Net income (loss) and comprehensive income (loss) (attributable to FelCor and noncontrolling interests in other partnerships)	(5,033,000)							(4,922,000)				(471,000)	360,000
Shares, Issued - ending balance at Mar. 31, 2016					12,879	139,307
Stockholders' Equity, ending balance at Mar. 31, 2016	$ 273,591,000				$ 309,337,000	$ 1,393,000	$ 2,569,389,000	$ (2,657,715,000)				$ 7,403,000	$ 43,784,000

Consolidated Statements of Cha6

Consolidated Statements of Changes in Equity (Parentheticals) - $ / shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Common Stock, Dividends, Per Share, Declared	$ 0.06	$ 0.04
Series A Preferred Stock [Member]
Preferred Stock, Dividend Rate, Per-Dollar-Amount	0.4875	0.4875
Series C Preferred Stock [Member]
Preferred Stock, Dividend Rate, Per-Dollar-Amount	$ 0	$ 0.50

Consolidated Statements of Part

Consolidated Statements of Partners' Capital - USD ($) $ in Thousands	Total	FelCor Lodging LP [Member]	FelCor Lodging LP [Member]Preferred Units	FelCor Lodging LP [Member]Common Units	FelCor Lodging LP [Member]Noncontrolling Interests	FelCor Lodging LP [Member]Preferred Capital in Consolidated Joint Venture	Preferred Equity in Consolidated Joint Venture
Partners' Capital, Beginning Balance at Dec. 31, 2014		$ 362,867	$ 478,749	$ (175,759)	$ 18,435	$ 41,442
Increase (Decrease) in Partners' Capital [Roll Forward]
FelCor restricted stock compensation		1,576		1,576
Contributions		790			790
Distributions		(30,944)		(14,770)	(15,826)	(348)
Allocation to redeemable units		(410)		(410)
Issuance of preferred equity - consolidated joint venture	$ 1,248	1,248				1,248	$ 1,248
Net income (loss) and comprehensive income (loss)	11,996	11,996		6,769	4,879	348
Partners' Capital, Ending Balance at Mar. 31, 2015		347,123	478,749	(182,594)	8,278	42,690
Partners' Capital, Beginning Balance at Dec. 31, 2015		311,145	309,337	(49,184)	7,806	43,186
Increase (Decrease) in Partners' Capital [Roll Forward]
Stock Repurchased During Period, Value	(19,218)	(19,218)		(19,218)			0
FelCor restricted stock compensation		1,687		1,687
Contributions		68			68
Distributions		(15,107)		(14,747)	0	(360)
Allocation to redeemable units		(501)		(501)
Issuance of preferred equity - consolidated joint venture	598	598				598	$ 598
Net income (loss) and comprehensive income (loss)	$ (5,081)	(5,081)		(4,970)	(471)	360
Partners' Capital, Ending Balance at Mar. 31, 2016		$ 273,591	$ 309,337	$ (86,933)	$ 7,403	$ 43,784

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income (loss) and comprehensive income (loss)	$ (5,081)	$ 11,996
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	29,183	27,772
Loss (gain) on sale of hotels and other assets, net	714	(16,887)
Amortization of deferred financing fees	867	1,477
Amortization of fixed stock and directors’ compensation	1,935	1,862
Equity in loss (income) from unconsolidated entities	154	(149)
Distributions of income from unconsolidated entities	114	580
Debt extinguishment	0	73
Changes in assets and liabilities:
Accounts receivable	(6,777)	(6,208)
Other assets	(3,111)	(225)
Accrued expenses and other liabilities	1,655	(3,438)
Net cash flow provided by operating activities	19,653	16,853
Cash flows from investing activities:
Improvements and additions to hotels	(14,008)	(13,483)
Hotel development	0	(10,108)
Net proceeds from asset sales	(466)	91,328
Change in restricted cash – investing	(3,395)	(1,676)
Insurance proceeds	94	274
Distributions from unconsolidated entities in excess of earnings	136	31
Net cash flow provided by (used in) investing activities	(17,639)	66,366
Cash flows from financing activities:
Proceeds from borrowings	31,000	36,000
Repayment of borrowings	(496)	(78,428)
Payment of deferred financing fees	(10)	(81)
Distributions paid to noncontrolling interests	0	(15,826)
Contributions from noncontrolling interests	68	790
Distributions paid to FelCor LP limited partners	(36)	(23)
Distributions paid to preferred stockholders	(6,279)	(9,678)
Repurchase of common stock	(19,218)	0
Stock compensation withholding	(592)	(8)
Preferred distributions - consolidated joint venture	(360)	(345)
Distributions paid to common stockholders	(8,508)	(5,034)
Net proceeds from issuance of preferred equity - consolidated joint venture	598	1,248
Net cash flow used in financing activities	(3,833)	(71,385)
Effect of exchange rate changes on cash	(9)	(51)
Net change in cash and cash equivalents	(1,828)	11,783
Cash and cash equivalents at beginning of periods	59,786	47,147
Cash and cash equivalents at end of periods	57,958	58,930
Supplemental cash flow information – interest paid, net of capitalized interest	18,809	16,244
Supplemental cash flow information – income taxes paid	299	169
Non-Guarantor Subsidiaries [Member]
Cash flows from operating activities:
Net income (loss) and comprehensive income (loss)	11,419	26,786
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Equity in loss (income) from unconsolidated entities	11	11
Changes in assets and liabilities:
Net cash flow provided by operating activities	29,101	24,366
Cash flows from investing activities:
Improvements and additions to hotels	(7,907)	(5,459)
Hotel development		(10,108)
Net proceeds from asset sales	(122)	91,416
Change in restricted cash – investing	(1,768)	(1,197)
Insurance proceeds	94	0
Distributions from unconsolidated entities in excess of earnings	0	0
Net cash flow provided by (used in) investing activities	(9,703)	74,652
Cash flows from financing activities:
Proceeds from borrowings	31,000	36,000
Repayment of borrowings	(496)	(78,428)
Payment of deferred financing fees	(10)	(81)
Distributions paid to noncontrolling interests		(15,745)
Contributions from noncontrolling interests	0	780
Repurchase of common stock	0
Distributions paid to common stockholders	0	0
Net proceeds from issuance of preferred equity - consolidated joint venture	598	1,248
Net cash flow used in financing activities	(22,598)	(106,013)
Effect of exchange rate changes on cash	0	0
Net change in cash and cash equivalents	(3,200)	(6,995)
Cash and cash equivalents at beginning of periods	4,273	8,507
Cash and cash equivalents at end of periods	1,073	1,512
FelCor Lodging LP [Member]
Cash flows from operating activities:
Net income (loss) and comprehensive income (loss)	(5,081)	11,996
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	29,183	27,772
Loss (gain) on sale of hotels and other assets, net	714	(16,887)
Amortization of deferred financing fees	867	1,477
Amortization of fixed stock and directors’ compensation	1,935	1,862
Equity in loss (income) from unconsolidated entities	154	(149)
Distributions of income from unconsolidated entities	114	580
Debt extinguishment	0	73
Changes in assets and liabilities:
Accounts receivable	(6,777)	(6,208)
Other assets	(3,111)	(225)
Accrued expenses and other liabilities	1,655	(3,438)
Net cash flow provided by operating activities	19,653	16,853
Cash flows from investing activities:
Improvements and additions to hotels	(14,008)	(13,483)
Hotel development	0	(10,108)
Net proceeds from asset sales	(466)	91,328
Change in restricted cash – investing	(3,395)	(1,676)
Insurance proceeds	94	274
Distributions from unconsolidated entities in excess of earnings	136	31
Net cash flow provided by (used in) investing activities	(17,639)	66,366
Cash flows from financing activities:
Proceeds from borrowings	31,000	36,000
Repayment of borrowings	(496)	(78,428)
Payment of deferred financing fees	(10)	(81)
Distributions paid to noncontrolling interests	0	(15,826)
Contributions from noncontrolling interests	68	790
Distributions paid to FelCor LP limited partners	(36)	(23)
Distributions paid to preferred stockholders	(6,279)	(9,678)
Repurchase of common stock	(19,218)	0
Stock compensation withholding	(592)	(8)
Preferred distributions - consolidated joint venture	(360)	(345)
Distributions paid to common stockholders	(8,508)	(5,034)
Net proceeds from issuance of preferred equity - consolidated joint venture	598	1,248
Net cash flow used in financing activities	(3,833)	(71,385)
Effect of exchange rate changes on cash	(9)	(51)
Net change in cash and cash equivalents	(1,828)	11,783
Cash and cash equivalents at beginning of periods	59,786	47,147
Cash and cash equivalents at end of periods	57,958	58,930
Supplemental cash flow information – interest paid, net of capitalized interest	18,809	16,244
Supplemental cash flow information – income taxes paid	$ 299	$ 169

Organization

Organization	3 Months Ended
	Mar. 31, 2016
Organization [Abstract]
Organization	Organization FelCor Lodging Trust Incorporated (NYSE:FCH), or FelCor, is a Maryland corporation, operating as a real estate investment trust, or REIT. FelCor is the sole general partner of, and the owner of a greater than 99.5% partnership interest in, FelCor Lodging Limited Partnership, or FelCor LP, through which we held ownership interests in 41 hotels as of March 31, 2016 . At March 31, 2016 , we had an aggregate of 139,918,201 shares and units outstanding, consisting of 139,306,739 shares of FelCor common stock and 611,462 FelCor LP units not owned by FelCor. Of our 41 hotels as of March 31, 2016 , we owned 100% interests in 38 hotels, a 95% interest in one hotel (The Knickerbocker) and 50% interests in entities owning two hotels. We consolidate our real estate interests in the 39 hotels in which we hold majority interests, and we record the real estate interests of the two hotels in which we hold indirect 50% interests using the equity method. We lease 40 of the 41 hotels to our taxable REIT subsidiaries, of which we own a controlling interest. We operate one 50% -owned hotel without a lease. Because we own controlling interests in our operating lessees, we consolidate our interests in all 40 leased hotels (which we refer to as our Consolidated Hotels) and reflect their operating revenues and expenses in our statements of operations and comprehensive income (loss). We own 50% of the real estate interest in one Consolidated Hotel (we account for our real estate interest of this hotel by the equity method) and majority real estate interests in our remaining 39 Consolidated Hotels (we consolidate our real estate interests in these hotels). The following table illustrates the distribution of our 40 Consolidated Hotels at March 31, 2016 : Brand Hotels Rooms Embassy Suites by Hilton ® 18 4,982 Wyndham ® and Wyndham Grand ® 8 2,528 Marriott ® and Renaissance ® 3 1,321 Holiday Inn ® 2 968 DoubleTree by Hilton ® and Hilton ® 3 802 Sheraton ® 2 673 Fairmont ® 1 383 The Knickerbocker ® 1 330 Morgans ® and Royalton ® 2 285 Total 40 12,272 At March 31, 2016 , our Consolidated Hotels were located in 15 states, with concentrations in California ( 11 hotels), Florida ( six hotels) and Massachusetts ( three hotels). Approximately 66% of our revenue was generated from hotels in these three states during the first three months of 2016 . At March 31, 2016 , of our Consolidated Hotels: (i) subsidiaries of Hilton Worldwide, or Hilton, managed 20 hotels; (ii) subsidiaries of Wyndham Worldwide, or Wyndham, managed eight hotels; (iii) subsidiaries of Marriott International Inc., or Marriott, managed three hotels; (iv) subsidiaries of InterContinental Hotels Group, or IHG, managed two hotels; (v) subsidiaries of Starwood Hotels & 1. Organization — (continued) Resorts Worldwide Inc., or Starwood, managed two hotels; (vi) a subsidiary of Fairmont Raffles Hotels International, or Fairmont, managed one hotel; (vii) a subsidiary of Highgate Hotels, or Highgate, managed one hotel; (viii) a subsidiary of Morgans Hotel Group Corporation, or Morgans, managed two hotels; and (ix) Aimbridge Hospitality managed one hotel. On January 1, 2016, we adopted accounting guidance under ASU 2015-2, modifying the analysis performed to determine whether we should consolidate certain types of legal entities. The guidance does not amend the existing disclosure requirements for variable interest entities (“VIEs”) or voting interest model entities. The guidance, however, modified the requirements to qualify under the voting interest model. Under the revised guidance, FelCor LP will be a variable interest entity of FelCor. As FelCor LP is already consolidated in the balance sheets of FelCor, the identification of this entity as a variable interest entity has no impact on the consolidated financial statements of FelCor. There were no other legal entities under the scope of the revised guidance that were consolidated as a result of the adoption. The information in our consolidated financial statements for the three months ended March 31, 2016 and 2015 is unaudited. Preparing financial statements in conformity with accounting principles generally accepted in the United States of America, or GAAP, requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. The accompanying financial statements for the three months ended March 31, 2016 and 2015 , include adjustments based on management’s estimates (consisting of normal and recurring accruals), which we consider necessary for a fair statement of the results for the periods. Income taxes in prior periods have been reclassified from taxes, insurance and lease expense to conform to the current period presentation of a single line for income tax expense on our consolidated statement of operations. The financial information should be read in conjunction with the consolidated financial statements for the year ended December 31, 2015 , included in our Annual Report on Form 10-K. Operating results for the three months ended March 31, 2016 are not necessarily indicative of actual operating results for the entire year.

Investment in Unconsolidated En

Investment in Unconsolidated Entities	3 Months Ended
	Mar. 31, 2016
Investment in Unconsolidated Entities [Abstract]
Investment in Unconsolidated Entities	Investment in Unconsolidated Entities At March 31, 2016 and December 31, 2015 , we owned 50% interests in joint ventures that owned two hotels. We also own 50% interests in entities that own real estate in Myrtle Beach, South Carolina and provide condominium management services there. We account for our investments in these unconsolidated entities under the equity method. We consolidate all of our majority-owned subsidiaries in our financial statements. We make adjustments to our equity in income from unconsolidated entities related to the difference between our basis in investment in unconsolidated entities compared to the historical basis of the assets recorded by the joint ventures. 2. Investment in Unconsolidated Entities — (continued) The following table summarizes combined balance sheet information for our unconsolidated entities (in thousands): March 31, December 31, 2016 2015 Investment in hotels and other properties, net of accumulated depreciation $ 22,773 $ 23,047 Total assets $ 28,484 $ 29,033 Debt, net of unamortized debt issuance costs $ 22,439 $ 22,563 Total liabilities $ 24,606 $ 24,541 Equity $ 3,878 $ 4,492 Our unconsolidated entities’ debt at March 31, 2016 and December 31, 2015 consisted entirely of non-recourse mortgage debt. The following table sets forth summarized combined statement of operations information for our unconsolidated entities (in thousands): Three Months Ended March 31, 2016 2015 Total revenues $ 5,503 $ 6,569 Net income (loss) $ (114 ) $ 551 Net income (loss) attributable to FelCor $ (57 ) $ 276 Depreciation of cost in excess of book value (97 ) (127 ) Equity in income (loss) from unconsolidated entities $ (154 ) $ 149 The following table summarizes the components of our investments in unconsolidated entities (in thousands): March 31, December 31, 2016 2015 Equity basis of hotel joint venture investments $ (3,995 ) $ (4,216 ) Cost of hotel investments in excess of joint venture book value 7,232 7,329 Equity basis of land and condominium joint venture investments 5,934 6,462 Investment in unconsolidated entities $ 9,171 $ 9,575 The following table summarizes the components of our equity in income (loss) from unconsolidated entities (in thousands): Three Months Ended March 31, 2016 2015 Hotel investments $ 375 $ 748 Other investments (529 ) (599 ) Equity in income (loss) from unconsolidated entities $ (154 ) $ 149

Debt

Debt	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Debt	Debt Consolidated debt consisted of the following (dollars in thousands): Encumbered Interest Maturity March 31, December 31, Hotels Rate (%) Date 2016 2015 Senior unsecured notes — 6.00 June 2025 $ 475,000 $ 475,000 Senior secured notes 9 5.625 March 2023 525,000 525,000 Mortgage debt (a) 4 4.95 October 2022 121,874 122,237 Mortgage debt 1 4.94 October 2022 30,584 30,717 Line of credit (b) 7 LIBOR + 2.75 June 2019 221,000 190,000 The Knickerbocker loan (c) 1 LIBOR + 3.00 November 2017 85,000 85,000 Total 22 $ 1,458,458 $ 1,427,954 Unamortized debt issuance costs (17,666 ) (18,065 ) Debt, net of unamortized debt issuance costs $ 1,440,792 $ 1,409,889 (a) This debt is comprised of separate non-cross-collateralized loans, each secured by a mortgage encumbering different hotels. (b) Our line of credit can be extended for one year, subject to satisfying certain conditions. We may borrow up to $400 million under our line of credit. (c) This loan can be extended for one year, subject to satisfying certain conditions. In connection with the adoption of ASU 2015-03, deferred financing costs of $17.7 million and $18.1 million as of March 31, 2016 and December 31, 2015, respectively, are now classified within the debt on our consolidated balance sheets. Deferred financing costs of $18.1 million at December 31, 2015 had previously been classified as an asset on our consolidated balance sheets. In accordance with ASU 2015-15, deferred financing costs associated with our line of credit remain as an asset on our consolidated balance sheets. We reported $19.7 million and $19.5 million of interest expense for the three months ended March 31, 2016 and 2015 , respectively, which is net of: (i) interest income of $12,000 and $5,000 and (ii) capitalized interest of $141,800 and $3.5 million , respectively.

Hotel Operating Revenue, Depart

Hotel Operating Revenue, Departmental Expenses and Other Property-Related Costs	3 Months Ended
	Mar. 31, 2016
Hotel Operating Revenue, Departmental Expenses and Other Property-Related Costs [Abstract]
Hotel Operating Revenue, Departmental Expenses and Other Property-Related Costs	Hotel Operating Revenue, Departmental Expenses, and Other Property-Related Costs Hotel operating revenue from continuing operations was comprised of the following (in thousands): Three Months Ended March 31, 2016 2015 Room revenue $ 159,076 $ 162,306 Food and beverage revenue 39,532 39,844 Other operating departments 10,849 11,135 Total hotel operating revenue $ 209,457 $ 213,285 Nearly all of our revenue is comprised of hotel operating revenue. These revenues are recorded net of any sales or occupancy taxes collected from our guests. We record all rebates or discounts, when allowed, as a reduction in revenue, and there are no material contingent obligations with respect to rebates or discounts offered by us. All revenues are recorded on an accrual basis, as earned. We make appropriate allowances for doubtful accounts, which we record as bad debt expense. The remainder of our revenue was from condominium management fee income and other sources. Hotel departmental expenses from continuing operations were comprised of the following (in thousands): Three Months Ended March 31, 2016 2015 Amount % of Total Hotel Operating Revenue Amount % of Total Hotel Operating Revenue Room $ 42,699 20.4 % $ 42,511 19.9 % Food and beverage 30,956 14.8 30,696 14.4 Other operating departments 3,783 1.8 4,449 2.1 Total hotel departmental expenses $ 77,438 37.0 % $ 77,656 36.4 % Other property-related costs from continuing operations were comprised of the following amounts (in thousands): Three Months Ended March 31, 2016 2015 Amount % of Total Hotel Operating Revenue Amount % of Total Hotel Operating Revenue Hotel general and administrative expense $ 20,458 9.8 % $ 19,363 9.1 % Marketing 18,873 9.0 19,303 9.1 Repair and maintenance 9,705 4.6 10,350 4.9 Utilities 6,530 3.1 7,879 3.6 Total other property-related costs $ 55,566 26.5 % $ 56,895 26.7 % Wyndham has guaranteed minimum levels of annual net operating income at each of the hotels it manages for us. W e recorded $48,000 and $411,000 for the pro rata portions of the projected aggregate full-year guaranties for the three months ended March 31, 2016 and 2015 , respectively. We record these amounts as a reduction of Wyndham's contractual management and other fees.

Taxes, Insurance and Lease Expe

Taxes, Insurance and Lease Expense	3 Months Ended
	Mar. 31, 2016
Taxes, Insurance and Lease Expenses [Abstract]
Taxes, Insurance and Lease Expense	Taxes, Insurance and Lease Expense Taxes, insurance and lease expense from continuing operations were comprised of the following (in thousands): Three Months Ended March 31, 2016 2015 Hotel lease expense (a) $ 802 $ 2,104 Land lease expense (b) 3,262 3,059 Real estate and other taxes 7,575 7,691 Property insurance, general liability insurance and other 1,943 1,953 Total taxes, insurance and lease expense $ 13,582 $ 14,807 (a) We record hotel lease expense for the consolidated operating lessees of hotels owned by unconsolidated entities and partially offset this expense through noncontrolling interests in other partnerships (generally 49% ). We record our 50% share of the corresponding lease income through equity in income from unconsolidated entities. Hotel lease expense includes percentage rent of $936,000 for the three months ended March 31, 2015 . (b) We include in land lease expense percentage rent of $1.6 million and $1.5 million for the three months ended March 31, 2016 and 2015 , respectively .

Hotel Dispositions

Hotel Dispositions	3 Months Ended
	Mar. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Hotel Dispositions	Hotel Dispositions During the three months ended March 31, 2015 , we sold three hotels and had one hotel held for sale at March 31, 2015. We designate a hotel as held for sale when the sale is probable within the next twelve months. Generally, we consider a sale to be probable when a buyer completes its due diligence review, we have an executed contract for sale and we have received a substantial non-refundable deposit. We included operations for the sold hotels, and the hotel designated as held for sale, in income (loss) from continuing operations as shown in the statements of operations and comprehensive income (loss) for the three months ended March 31, 2015 , as disposition of these hotels did not represent a strategic shift in our business. Additionally, included in the gain (loss) on the sale of hotels are selling costs, which are expensed as incurred. The following table includes condensed financial information primarily related to hotels sold in 2015 included in continuing operations (in thousands): Three Months Ended March 31, 2015 Hotel operating revenue $ 18,016 Operating expenses (14,542 ) Operating income 3,474 Interest expense, net (596 ) Debt extinguishment (73 ) Equity in income from unconsolidated entities 205 Income from continuing operations 3,010 Gain on sale of hotels, net 16,887 Net income 19,897 Net loss (income) attributable to noncontrolling interests in other partnerships (5,218 ) Net income attributable to redeemable noncontrolling interests in FelCor LP (70 ) Net income attributable to FelCor $ 14,609

Income (Loss) Per Share_Unit

Income (Loss) Per Share/Unit	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Income (loss) Per Share/Unit	Loss Per Share/Unit The following tables set forth the computation of basic and diluted loss per share/unit (in thousands, except per share/unit data): FelCor Loss Per Share Three Months Ended March 31, 2016 2015 Numerator: Net income (loss) attributable to FelCor $ (4,922 ) $ 6,783 Discontinued operations attributable to FelCor — (4 ) Income (loss) from continuing operations attributable to FelCor (4,922 ) 6,779 Less: Preferred dividends (6,279 ) (9,678 ) Less: Dividends declared on unvested restricted stock (38 ) (13 ) Numerator for continuing operations attributable to FelCor common stockholders (11,239 ) (2,912 ) Discontinued operations attributable to FelCor — 4 Numerator for basic and diluted loss attributable to FelCor common stockholders $ (11,239 ) $ (2,908 ) Denominator: Denominator for basic and diluted loss per share 139,678 124,519 Basic and diluted loss per share data: Loss from continuing operations $ (0.08 ) $ (0.02 ) Net loss $ (0.08 ) $ (0.02 ) 7. Loss Per Share/Unit — (continued) FelCor LP Loss Per Unit Three Months Ended March 31, 2016 2015 Numerator: Net income (loss) attributable to FelCor LP $ (4,970 ) $ 6,769 Discontinued operations attributable to FelCor LP — (4 ) Income (loss) from continuing operations attributable to FelCor LP (4,970 ) 6,765 Less: Preferred distributions (6,279 ) (9,678 ) Less: Distributions declared on FelCor unvested restricted stock (38 ) (13 ) Numerator for continuing operations attributable to FelCor LP common unitholders (11,287 ) (2,926 ) Discontinued operations attributable to FelCor LP — 4 Numerator for basic and diluted loss attributable to FelCor common unitholders $ (11,287 ) $ (2,922 ) Denominator: Denominator for basic and diluted loss per unit 140,289 125,130 Basic and diluted loss per unit data: Loss from continuing operations $ (0.08 ) $ (0.02 ) Net loss $ (0.08 ) $ (0.02 ) We include the net gain (loss) on sale of hotels attributable to FelCor/FelCor LP in income (loss) from continuing operations attributable to FelCor/FelCor LP share/unit calculations. We do not include the following securities because they would have been antidilutive for the periods presented (in thousands): Three Months Ended March 31, 2016 2015 Series A convertible preferred shares/units 9,984 9,984 FelCor restricted stock units 619 1,194 Series A preferred dividends (distributions) that would be excluded from net income (loss) attributable to FelCor common stockholders (or FelCor LP common unitholders), if these preferred shares/units were dilutive, were $6.3 million for the three months ended March 31, 2016 and 2015 . We grant our executive officers restricted stock units each year, which provides them with the potential to earn shares of our common stock in three increments over three to four years . A portion of the actual number of shares that vest is determined based on total stockholder return relative to a group of ten lodging REIT peers and a portion is related to service. We amortize the fixed cost of these grants over the vesting period. We calculate the potential dilutive impact of these awards on our earnings per share using the treasury stock method.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Disclosures about fair value of our financial instruments are based on pertinent information available to management as of March 31, 2016 and December 31, 2015 . Considerable judgment is necessary to interpret market data and develop estimated fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts that we could realize on disposition of the financial instruments. Different market assumptions and/or estimation methodologies may have a material effect on estimated fair value amounts. Our estimates of the fair value of (i) cash and cash equivalents, restricted cash, accounts receivable, accounts payable and accrued expenses approximate carrying value due to the relatively short maturity of these instruments; (ii) our debt for which trading prices are publicly available is based on observable market data (a Level 2 input) and has an estimated fair value of $1.0 billion at March 31, 2016 and December 31, 2015 ; and (iii) our debt for which trading prices are not publicly available is based on a discounted cash flow model using effective borrowing rates for debt with similar terms, loan to estimated fair value of collateral and remaining maturities (a Level 3 input) and has an estimated fair value of $466.0 million and $438.8 million at March 31, 2016 and December 31, 2015 , respectively. The estimated fair value of all our debt was $1.5 billion at March 31, 2016 and December 31, 2015 . The carrying value of our debt was $1.4 billion at March 31, 2016 and December 31, 2015 .

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interests in FelCor LP/Redeemable Units	3 Months Ended
	Mar. 31, 2016
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interests in FelCor LP / Redeemable Units	Redeemable Noncontrolling Interests in FelCor LP / Redeemable Units We record redeemable noncontrolling interests in FelCor LP, in the case of FelCor, and redeemable units, in the case of FelCor LP, in the mezzanine section (between liabilities and equity or partners’ capital) of our consolidated balance sheets because of the redemption feature of these units. Additionally, FelCor’s consolidated statements of operations and comprehensive income (loss) separately present earnings attributable to redeemable noncontrolling interests. We adjust redeemable noncontrolling interests in FelCor LP (or redeemable units) each period to reflect the greater of its carrying value based on the accumulation of historical cost or its redemption value. The historical cost is based on the proportionate relationship between the carrying value of equity associated with FelCor’s common stockholders relative to that of FelCor LP’s unitholders. Redemption value is based on the closing price of FelCor’s common stock at period end. FelCor allocates net income (loss) to FelCor LP’s noncontrolling partners based on their weighted average ownership percentage during the period. At March 31, 2016 , we had 611,462 limited partnership units outstanding carried at $5.0 million . The value of these outstanding units is based on the closing price of FelCor’s common stock at March 31, 2016 ( $8.12 per share). 9. Redeemable Noncontrolling Interests in FelCor LP / Redeemable Units — (continued) Changes in redeemable noncontrolling interests (or redeemable units) for the three months ended March 31, 2016 and 2015 are shown below (in thousands): Three Months Ended March 31, 2016 2015 Balance at beginning of period $ 4,464 $ 6,616 Redemption value allocation 585 447 Distributions paid to unitholders (36 ) (23 ) Net loss (48 ) (14 ) Balance at end of period $ 4,965 $ 7,026

Consolidated Joint Venture Pref

Consolidated Joint Venture Preferred Equity/Capital Consolidated Joint Venture Preferred Equity/Capital	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Consolidated Joint Venture Preferred Equity/Capital	Consolidated Joint Venture Preferred Equity/Capital Our joint venture that redeveloped The Knickerbocker raised $45 million 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 we do not redeem this equity interest before the fifth anniversary of its issuance), plus a 0.25% non-compounding annual return payable at redemption. To date, the venture has received $44.4 million in gross proceeds ( $43.8 million net of issuance costs), including $600,000 and $1.3 million in gross proceeds received in the first three months of 2016 and 2015, respectively. The venture will receive the remaining $600,000 as investors’ visas are approved.

Commercial Dispute (Notes)

Commercial Dispute (Notes)	3 Months Ended
	Mar. 31, 2016
Commercial Dispute [Abstract]
Contingencies Disclosure [Text Block]	One of our consolidated subsidiaries was engaged in a commercial dispute with a third party. Under generally accepted accounting principles, we recorded $5.9 million in other expenses during the third quarter of 2014 to establish a provision for our estimate of our maximum exposure for this contingency. We paid the disputed amount in January 2015 but continued asserting our contractual rights. In June 2015, we settled the commercial dispute and recovered $3.7 million (net of legal costs).

Contingency (Notes)

Contingency (Notes)	3 Months Ended
	Mar. 31, 2016
Contingency [Abstract]
Commitments and Contingencies Disclosure [Text Block]	In April 2016, an affiliate of InterContinental Hotels Group PLC, or IHG, which had formerly operated three hotels on our behalf (two of which we sold in 2006 and one of which we converted to Wyndham operation and flag in 2013), notified us that the pension fund in which the employees at those hotels had participated is seeking an $8.3 million contribution from IHG in connection with the termination of its operation of those hotels. Under our hotel management agreements with IHG, we may be obligated to indemnify and hold IHG harmless for some or all of any amount ultimately contributed to the pension fund with respect to these hotels. Nevertheless, we believe that we are not responsible for a significant portion (and perhaps any) of the contribution sought by the pension fund and that any cost we incur with respect to this matter will be immaterial. Consequently, we will vigorously defend against the underlying claims and, where appropriate, IHG’s demand for indemnification. We are in the earliest stage of investigating the matter, which involves significant legal, actuarial and factual analysis with respect to each hotel, and have not determined whether any loss to us is probable or that any such loss is estimable.

Recently Issue Accounting Stand

Recently Issue Accounting Standards Recently Issue Accounting Standards	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Recently Issued Accounting Standards	Recently Issued Accounting Standards In May 2014, the FASB issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers. ASU 2014-09 is a comprehensive new revenue recognition model requiring a company to recognize revenue to depict the transfer of goods or services to a customer at an amount reflecting the consideration it expects to receive in exchange for those goods or services. In adopting ASU 2014-09, companies may use either a full retrospective or a modified retrospective approach. Additionally, this guidance requires improved disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. ASU 2014-09 is effective for the first interim period within annual reporting periods beginning after December 15, 2017, and early adoption is permitted but not before the original effective date (for annual reporting periods beginning after December 15, 2016). We are evaluating what impact (if any) ASU 2014-09 will have on our financial position or results of operations. In February 2016, the FASB issued ASU 2016-02 - Leases (ASC 842), which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e., lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. The ASU is expected to impact our consolidated financial statements as we have certain operating lease arrangements. ASC 842 supersedes the previous leases standard, ASC 840 Leases. The standard is effective on January 1, 2019, with early adoption permitted. We are in the process of evaluating the impact of this new guidance. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting, which is intended to improve the accounting for share-based payment transactions. Under the new standard, companies can withhold shares up to the maximum individual statutory tax rate in the applicable jurisdiction as participants vest in stock and maintain equity classification of the entire award. Also under the new standard, forfeitures for stock awards may be recorded when they occur (the prior guidance required estimating forfeitures when recording stock compensation costs). Finally, the standard requires classifying cash paid when remitting cash to the tax authorities for stock compensation withholding as financing activity in the statement of cash flows. We adopted this standard effective January 1, 2016. Upon adoption, we revised our policy to account for stock compensation forfeitures as they occur, which resulted in a $185,000 increase in our accumulated deficit for the cumulative effect of change in accounting principle. Also, we will be reclassifying in our statement of cash flows, from operating activities to financing activities, $2.1 million and $3.1 million for the years ended December 31, 2015 and 2014, respectively, for cash paid to taxing authorities for shares withheld.

FelCor LP's Consolidating Finan

FelCor LP's Consolidating Financial Information	3 Months Ended
	Mar. 31, 2016
FelCor Lodging LP [Member]
Guarantor Obligations [Line Items]
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 TRS Holdings, L.L.C.; FelCor Canada Co.; 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, “Subsidiary Guarantors”), together with FelCor, guaranty, fully and unconditionally, except where subject to customary release provisions as described below, and jointly and severally, our senior 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 FelCor LP, (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. 14. FelCor LP’s Consolidating Financial Information — (continued) The following tables present consolidating information for the Subsidiary Guarantors. FELCOR LODGING LIMITED PARTNERSHIP CONDENSED CONSOLIDATING BALANCE SHEET March 31, 2016 (in thousands) FelCor LP Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Total Consolidated Net investment in hotels $ — $ 619,653 $ 1,091,870 $ — $ 1,711,523 Equity investment in consolidated entities 1,220,693 — — (1,220,693 ) — Investment in unconsolidated entities 4,253 3,665 1,253 — 9,171 Cash and cash equivalents 21,811 35,074 1,073 — 57,958 Restricted cash — 17,069 4,028 — 21,097 Accounts receivable, net 253 33,281 1,285 — 34,819 Deferred expenses, net — — 5,932 — 5,932 Other assets 2,524 11,257 3,895 — 17,676 Total assets $ 1,249,534 $ 719,999 $ 1,109,336 $ (1,220,693 ) $ 1,858,176 Debt, net $ 984,602 $ — $ 495,626 $ (39,436 ) $ 1,440,792 Distributions payable 14,938 — 124 — 15,062 Accrued expenses and other liabilities 22,625 89,352 11,789 — 123,766 Total liabilities 1,022,165 89,352 507,539 (39,436 ) 1,579,620 Redeemable units, at redemption value 4,965 — — — 4,965 Preferred units 309,337 — — — 309,337 Common units (86,933 ) 631,765 549,492 (1,181,257 ) (86,933 ) Total FelCor LP partners’ capital 222,404 631,765 549,492 (1,181,257 ) 222,404 Noncontrolling interests — (1,118 ) 8,521 — 7,403 Preferred capital in consolidated joint venture — — 43,784 — 43,784 Total partners’ capital 222,404 630,647 601,797 (1,181,257 ) 273,591 Total liabilities and partners’ capital $ 1,249,534 $ 719,999 $ 1,109,336 $ (1,220,693 ) $ 1,858,176 14. FelCor LP’s Consolidating Financial Information — (continued) FELCOR LODGING LIMITED PARTNERSHIP CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2015 (in thousands) FelCor LP Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Total Consolidated Net investment in hotels $ — $ 625,835 $ 1,103,696 $ — $ 1,729,531 Equity investment in consolidated entities 1,260,779 — — (1,260,779 ) — Investment in unconsolidated entities 4,440 3,871 1,264 — 9,575 Cash and cash equivalents 21,219 34,294 4,273 — 59,786 Restricted cash — 15,442 2,260 — 17,702 Accounts receivable, net 644 25,575 1,917 — 28,136 Deferred expenses, net — — 6,390 — 6,390 Other assets 3,587 8,786 2,419 — 14,792 Total assets $ 1,290,669 $ 713,803 $ 1,122,219 $ (1,260,779 ) $ 1,865,912 Debt, net $ 984,226 $ — $ 465,099 $ (39,436 ) $ 1,409,889 Distributions payable 15,016 — 124 — 15,140 Accrued expenses and other liabilities 26,810 83,787 14,677 — 125,274 Total liabilities 1,026,052 83,787 479,900 (39,436 ) 1,550,303 Redeemable units, at redemption value 4,464 — — — 4,464 Preferred units 309,337 — — — 309,337 Common units (49,184 ) 630,833 590,510 (1,221,343 ) (49,184 ) Total FelCor LP partners’ capital 260,153 630,833 590,510 (1,221,343 ) 260,153 Noncontrolling interests — (817 ) 8,623 — 7,806 Preferred capital in consolidated joint venture — — 43,186 — 43,186 Total partners’ capital 260,153 630,016 642,319 (1,221,343 ) 311,145 Total liabilities and partners’ capital $ 1,290,669 $ 713,803 $ 1,122,219 $ (1,260,779 ) $ 1,865,912 . FelCor LP’s Consolidating Financial Information — (continued) FELCOR LODGING LIMITED PARTNERSHIP CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS For the Three Months Ended March 31, 2016 (in thousands) FelCor LP Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Total Consolidated Revenues: Hotel operating revenue $ — $ 209,457 $ — $ — $ 209,457 Percentage lease revenue — — 43,545 (43,545 ) — Other revenue 186 432 69 — 687 Total revenues 186 209,889 43,614 (43,545 ) 210,144 Expenses: Hotel operating expenses — 142,229 — — 142,229 Taxes, insurance and lease expense 27 51,484 5,616 (43,545 ) 13,582 Corporate expenses — 4,336 4,064 — 8,400 Depreciation and amortization 51 11,996 17,136 — 29,183 Other expenses 232 553 43 — 828 Total operating expenses 310 210,598 26,859 (43,545 ) 194,222 Operating income (124 ) (709 ) 16,755 — 15,922 Interest expense, net (14,661 ) 9 (5,068 ) — (19,720 ) Loss before equity in loss from unconsolidated entities (14,785 ) (700 ) 11,687 — (3,798 ) Equity in income from consolidated entities 9,867 — — (9,867 ) — Equity in loss from unconsolidated entities 64 (207 ) (11 ) — (154 ) Loss from continuing operations before income tax expense (4,854 ) (907 ) 11,676 (9,867 ) (3,952 ) Income tax expense (116 ) (299 ) — — (415 ) Loss from continuing operations before gain on sale of hotels (4,970 ) (1,206 ) 11,676 (9,867 ) (4,367 ) Loss on sale of hotels, net — (457 ) (257 ) — (714 ) Net loss and comprehensive loss (4,970 ) (1,663 ) 11,419 (9,867 ) (5,081 ) Loss attributable to noncontrolling interests — 369 102 — 471 Preferred distributions - consolidated joint venture — — (360 ) — (360 ) Net loss and comprehensive loss attributable to FelCor LP (4,970 ) (1,294 ) 11,161 (9,867 ) (4,970 ) Preferred distributions (6,279 ) — — — (6,279 ) Net loss attributable to FelCor LP common unitholders $ (11,249 ) $ (1,294 ) $ 11,161 $ (9,867 ) $ (11,249 ) 14. FelCor LP’s Consolidating Financial Information — (continued) FELCOR LODGING LIMITED PARTNERSHIP CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Three Months Ended March 31, 2015 (in thousands) FelCor LP Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Total Consolidated Revenues: Hotel operating revenue $ — $ 213,285 $ — $ — $ 213,285 Percentage lease revenue — — 39,187 (39,187 ) — Other revenue 1 348 61 — 410 Total revenues 1 213,633 39,248 (39,187 ) 213,695 Expenses: Hotel operating expenses — 143,636 — — 143,636 Taxes, insurance and lease expense (200 ) 49,071 5,123 (39,187 ) 14,807 Corporate expenses 138 4,605 3,830 — 8,573 Depreciation and amortization 41 13,165 14,566 — 27,772 Other expenses — 4,045 183 — 4,228 Total operating expenses (21 ) 214,522 23,702 (39,187 ) 199,016 Operating income 22 (889 ) 15,546 — 14,679 Interest expense, net (13,740 ) 3 (5,744 ) — (19,481 ) Debt extinguishment — — (73 ) — (73 ) Loss before equity in income from unconsolidated entities (13,718 ) (886 ) 9,729 — (4,875 ) Equity in income from consolidated entities 20,359 — — (20,359 ) — Equity in income from unconsolidated entities 346 (186 ) (11 ) — 149 Loss from continuing operations before income tax expense 6,987 (1,072 ) 9,718 (20,359 ) (4,726 ) Income tax expense (47 ) (122 ) — — (169 ) Loss from continuing operations 6,940 (1,194 ) 9,718 (20,359 ) (4,895 ) Income from discontinued operations — 4 — — 4 Loss before gain on sale of hotels 6,940 (1,190 ) 9,718 (20,359 ) (4,891 ) Gain on sale of hotels, net (171 ) (10 ) 17,068 — 16,887 Net income and comprehensive income 6,769 (1,200 ) 26,786 (20,359 ) 11,996 Income attributable to noncontrolling interests — 258 (5,137 ) — (4,879 ) Preferred distributions - consolidated joint venture — — (348 ) — (348 ) Net income and comprehensive income attributable to FelCor LP 6,769 (942 ) 21,301 (20,359 ) 6,769 Preferred distributions (9,678 ) — — — (9,678 ) Net loss attributable to FelCor LP common unitholders $ (2,909 ) $ (942 ) $ 21,301 $ (20,359 ) $ (2,909 ) 14. FelCor LP’s Consolidating Financial Information — (continued) FELCOR LODGING LIMITED PARTNERSHIP CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Three Months Ended March 31, 2016 (in thousands) FelCor LP Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Total Consolidated Operating activities: Cash flows from operating activities $ (16,847 ) $ 7,399 $ 29,101 $ — $ 19,653 Investing activities: Improvements and additions to hotels 3 (6,104 ) (7,907 ) — (14,008 ) Net proceeds from asset sales (66 ) (278 ) (122 ) — (466 ) Insurance proceeds — — 94 — 94 Change in restricted cash - investing — (1,627 ) (1,768 ) — (3,395 ) Distributions from unconsolidated entities 136 — — — 136 Intercompany financing 51,999 — — (51,999 ) — Cash flows from investing activities 52,072 (8,009 ) (9,703 ) (51,999 ) (17,639 ) Financing activities: Proceeds from borrowings — — 31,000 — 31,000 Repayment of borrowings — — (496 ) — (496 ) Payment of deferred financing fees — — (10 ) — (10 ) Contributions from noncontrolling interests — 68 — — 68 Repurchase of common stock (19,218 ) — — — (19,218 ) Distributions paid to preferred unitholders (6,279 ) — — — (6,279 ) Distributions paid to common unitholders (8,508 ) — — — (8,508 ) Net proceeds from issuance of preferred capital - consolidated joint venture — — 598 — 598 Intercompany financing — 1,331 (53,330 ) 51,999 — Other (628 ) — (360 ) — (988 ) Cash flows from financing activities (34,633 ) 1,399 (22,598 ) 51,999 (3,833 ) Effect of exchange rate changes on cash — (9 ) — — (9 ) Change in cash and cash equivalents 592 780 (3,200 ) — (1,828 ) Cash and cash equivalents at beginning of period 21,219 34,294 4,273 — 59,786 Cash and cash equivalents at end of period $ 21,811 $ 35,074 $ 1,073 $ — $ 57,958 14. FelCor LP’s Consolidating Financial Information — (continued) FELCOR LODGING LIMITED PARTNERSHIP CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Three Months Ended March 31, 2015 (in thousands) FelCor LP Subsidiary Guarantors Non-Guarantor Subsidiaries Eliminations Total Consolidated Operating activities: Cash flows from operating activities $ (13,290 ) $ 5,777 $ 24,366 $ — $ 16,853 Investing activities: Improvements and additions to hotels (473 ) (7,551 ) (5,459 ) — (13,483 ) Hotel development — — (10,108 ) — (10,108 ) Net proceeds from asset sales (98 ) 10 91,416 — 91,328 Insurance proceeds 274 — — — 274 Change in restricted cash - investing — (479 ) (1,197 ) — (1,676 ) Distributions from unconsolidated entities 31 — — — 31 Intercompany financing 42,392 — — (42,392 ) — Cash flows from investing activities 42,126 (8,020 ) 74,652 (42,392 ) 66,366 Financing activities: Proceeds from borrowings — — 36,000 — 36,000 Repayment of borrowings — — (78,428 ) — (78,428 ) Payment of deferred financing fees — — (81 ) — (81 ) Distributions paid to preferred unitholders (9,678 ) — — — (9,678 ) Distributions paid to common unitholders (5,034 ) — — — (5,034 ) Distributions paid to noncontrolling interests — (81 ) (15,745 ) — (15,826 ) Contributions from noncontrolling interests — 10 780 — 790 Net proceeds from issuance of preferred capital- consolidated joint venture — — 1,248 — 1,248 Intercompany financing — 7,050 (49,442 ) 42,392 — Other (31 ) — (345 ) — (376 ) Cash flows from financing activities (14,743 ) 6,979 (106,013 ) 42,392 (71,385 ) Effect of exchange rate changes on cash — (51 ) — — (51 ) Change in cash and cash equivalents 14,093 4,685 (6,995 ) — 11,783 Cash and cash equivalents at beginning of period 5,717 32,923 8,507 — 47,147 Cash and cash equivalents at end of period $ 19,810 $ 37,608 $ 1,512 $ — $ 58,930

Organization (Tables)

Organization (Tables)	3 Months Ended
	Mar. 31, 2016
Organization [Abstract]
Schedule of Distribution of Consolidated Hotels	The following table illustrates the distribution of our 40 Consolidated Hotels at March 31, 2016 : Brand Hotels Rooms Embassy Suites by Hilton ® 18 4,982 Wyndham ® and Wyndham Grand ® 8 2,528 Marriott ® and Renaissance ® 3 1,321 Holiday Inn ® 2 968 DoubleTree by Hilton ® and Hilton ® 3 802 Sheraton ® 2 673 Fairmont ® 1 383 The Knickerbocker ® 1 330 Morgans ® and Royalton ® 2 285 Total 40 12,272

Investment in Unconsolidated 24

Investment in Unconsolidated Entities (Tables)	3 Months Ended
	Mar. 31, 2016
Investment in Unconsolidated Entities [Abstract]
Schedule of Combined Balance Sheet Information of Unconsolidated Entities	The following table summarizes combined balance sheet information for our unconsolidated entities (in thousands): March 31, December 31, 2016 2015 Investment in hotels and other properties, net of accumulated depreciation $ 22,773 $ 23,047 Total assets $ 28,484 $ 29,033 Debt, net of unamortized debt issuance costs $ 22,439 $ 22,563 Total liabilities $ 24,606 $ 24,541 Equity $ 3,878 $ 4,492
Schedule of Combined Statement of Operations Information of Unconsolidated Entities	The following table sets forth summarized combined statement of operations information for our unconsolidated entities (in thousands): Three Months Ended March 31, 2016 2015 Total revenues $ 5,503 $ 6,569 Net income (loss) $ (114 ) $ 551 Net income (loss) attributable to FelCor $ (57 ) $ 276 Depreciation of cost in excess of book value (97 ) (127 ) Equity in income (loss) from unconsolidated entities $ (154 ) $ 149
Schedule of Components of Investment In Unconsolidated Entities	The following table summarizes the components of our investments in unconsolidated entities (in thousands): March 31, December 31, 2016 2015 Equity basis of hotel joint venture investments $ (3,995 ) $ (4,216 ) Cost of hotel investments in excess of joint venture book value 7,232 7,329 Equity basis of land and condominium joint venture investments 5,934 6,462 Investment in unconsolidated entities $ 9,171 $ 9,575
Schedule of Components of Equity In Income (Loss) from Unconsolidated Entities	The following table summarizes the components of our equity in income (loss) from unconsolidated entities (in thousands): Three Months Ended March 31, 2016 2015 Hotel investments $ 375 $ 748 Other investments (529 ) (599 ) Equity in income (loss) from unconsolidated entities $ (154 ) $ 149

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Schedule of Debt	Consolidated debt consisted of the following (dollars in thousands): Encumbered Interest Maturity March 31, December 31, Hotels Rate (%) Date 2016 2015 Senior unsecured notes — 6.00 June 2025 $ 475,000 $ 475,000 Senior secured notes 9 5.625 March 2023 525,000 525,000 Mortgage debt (a) 4 4.95 October 2022 121,874 122,237 Mortgage debt 1 4.94 October 2022 30,584 30,717 Line of credit (b) 7 LIBOR + 2.75 June 2019 221,000 190,000 The Knickerbocker loan (c) 1 LIBOR + 3.00 November 2017 85,000 85,000 Total 22 $ 1,458,458 $ 1,427,954 Unamortized debt issuance costs (17,666 ) (18,065 ) Debt, net of unamortized debt issuance costs $ 1,440,792 $ 1,409,889 (a) This debt is comprised of separate non-cross-collateralized loans, each secured by a mortgage encumbering different hotels. (b) Our line of credit can be extended for one year, subject to satisfying certain conditions. We may borrow up to $400 million under our line of credit. (c) This loan can be extended for one year, subject to satisfying certain conditions.

Hotel Operating Revenue, Depa26

Hotel Operating Revenue, Departmental Expenses and Other Property-Related Costs (Tables)	3 Months Ended
	Mar. 31, 2016
Hotel Operating Revenue, Departmental Expenses and Other Property-Related Costs [Abstract]
Schedule of Hotel Operating Revenue	Hotel operating revenue from continuing operations was comprised of the following (in thousands): Three Months Ended March 31, 2016 2015 Room revenue $ 159,076 $ 162,306 Food and beverage revenue 39,532 39,844 Other operating departments 10,849 11,135 Total hotel operating revenue $ 209,457 $ 213,285
Schedule of Hotel Departmental Expenses	Hotel departmental expenses from continuing operations were comprised of the following (in thousands): Three Months Ended March 31, 2016 2015 Amount % of Total Hotel Operating Revenue Amount % of Total Hotel Operating Revenue Room $ 42,699 20.4 % $ 42,511 19.9 % Food and beverage 30,956 14.8 30,696 14.4 Other operating departments 3,783 1.8 4,449 2.1 Total hotel departmental expenses $ 77,438 37.0 % $ 77,656 36.4 %
Schedule of Other Property-Related Costs	Other property-related costs from continuing operations were comprised of the following amounts (in thousands): Three Months Ended March 31, 2016 2015 Amount % of Total Hotel Operating Revenue Amount % of Total Hotel Operating Revenue Hotel general and administrative expense $ 20,458 9.8 % $ 19,363 9.1 % Marketing 18,873 9.0 19,303 9.1 Repair and maintenance 9,705 4.6 10,350 4.9 Utilities 6,530 3.1 7,879 3.6 Total other property-related costs $ 55,566 26.5 % $ 56,895 26.7 %

Taxes, Insurance and Lease Ex27

Taxes, Insurance and Lease Expense (Tables)	3 Months Ended
	Mar. 31, 2016
Taxes, Insurance and Lease Expenses [Abstract]
Schedule of Taxes, Insurance and Lease Expense	Taxes, insurance and lease expense from continuing operations were comprised of the following (in thousands): Three Months Ended March 31, 2016 2015 Hotel lease expense (a) $ 802 $ 2,104 Land lease expense (b) 3,262 3,059 Real estate and other taxes 7,575 7,691 Property insurance, general liability insurance and other 1,943 1,953 Total taxes, insurance and lease expense $ 13,582 $ 14,807 (a) We record hotel lease expense for the consolidated operating lessees of hotels owned by unconsolidated entities and partially offset this expense through noncontrolling interests in other partnerships (generally 49% ). We record our 50% share of the corresponding lease income through equity in income from unconsolidated entities. Hotel lease expense includes percentage rent of $936,000 for the three months ended March 31, 2015 . (b) We include in land lease expense percentage rent of $1.6 million and $1.5 million for the three months ended March 31, 2016 and 2015 , respectively .

Hotel Dispositions (Tables)

Hotel Dispositions (Tables)	3 Months Ended
	Mar. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups	The following table includes condensed financial information primarily related to hotels sold in 2015 included in continuing operations (in thousands): Three Months Ended March 31, 2015 Hotel operating revenue $ 18,016 Operating expenses (14,542 ) Operating income 3,474 Interest expense, net (596 ) Debt extinguishment (73 ) Equity in income from unconsolidated entities 205 Income from continuing operations 3,010 Gain on sale of hotels, net 16,887 Net income 19,897 Net loss (income) attributable to noncontrolling interests in other partnerships (5,218 ) Net income attributable to redeemable noncontrolling interests in FelCor LP (70 ) Net income attributable to FelCor $ 14,609

Income (Loss) Per Share_Unit (T

Income (Loss) Per Share/Unit (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share/Unit [Line Items]
Schedule of Computation of Basic and Diluted Income (Loss) Per Share/Unit	The following tables set forth the computation of basic and diluted loss per share/unit (in thousands, except per share/unit data): FelCor Loss Per Share Three Months Ended March 31, 2016 2015 Numerator: Net income (loss) attributable to FelCor $ (4,922 ) $ 6,783 Discontinued operations attributable to FelCor — (4 ) Income (loss) from continuing operations attributable to FelCor (4,922 ) 6,779 Less: Preferred dividends (6,279 ) (9,678 ) Less: Dividends declared on unvested restricted stock (38 ) (13 ) Numerator for continuing operations attributable to FelCor common stockholders (11,239 ) (2,912 ) Discontinued operations attributable to FelCor — 4 Numerator for basic and diluted loss attributable to FelCor common stockholders $ (11,239 ) $ (2,908 ) Denominator: Denominator for basic and diluted loss per share 139,678 124,519 Basic and diluted loss per share data: Loss from continuing operations $ (0.08 ) $ (0.02 ) Net loss $ (0.08 ) $ (0.02 )
Schedule Securities Excluded from Computation of Earnings Per Share	We do not include the following securities because they would have been antidilutive for the periods presented (in thousands): Three Months Ended March 31, 2016 2015 Series A convertible preferred shares/units 9,984 9,984 FelCor restricted stock units 619 1,194
FelCor Lodging LP [Member]
Earnings Per Share/Unit [Line Items]
Schedule of Computation of Basic and Diluted Income (Loss) Per Share/Unit	FelCor LP Loss Per Unit Three Months Ended March 31, 2016 2015 Numerator: Net income (loss) attributable to FelCor LP $ (4,970 ) $ 6,769 Discontinued operations attributable to FelCor LP — (4 ) Income (loss) from continuing operations attributable to FelCor LP (4,970 ) 6,765 Less: Preferred distributions (6,279 ) (9,678 ) Less: Distributions declared on FelCor unvested restricted stock (38 ) (13 ) Numerator for continuing operations attributable to FelCor LP common unitholders (11,287 ) (2,926 ) Discontinued operations attributable to FelCor LP — 4 Numerator for basic and diluted loss attributable to FelCor common unitholders $ (11,287 ) $ (2,922 ) Denominator: Denominator for basic and diluted loss per unit 140,289 125,130 Basic and diluted loss per unit data: Loss from continuing operations $ (0.08 ) $ (0.02 ) Net loss $ (0.08 ) $ (0.02 )

Redeemable Noncontrolling Int30

Redeemable Noncontrolling Interests in FelCor LP/Redeemable Units (Tables)	3 Months Ended
	Mar. 31, 2016
Noncontrolling Interest [Abstract]
Schedule of Changes in Redeemable Noncontrolling Interests	Changes in redeemable noncontrolling interests (or redeemable units) for the three months ended March 31, 2016 and 2015 are shown below (in thousands): Three Months Ended March 31, 2016 2015 Balance at beginning of period $ 4,464 $ 6,616 Redemption value allocation 585 447 Distributions paid to unitholders (36 ) (23 ) Net loss (48 ) (14 ) Balance at end of period $ 4,965 $ 7,026

Organization (Narrative) (Detai

Organization (Narrative) (Details)	3 Months Ended
	Mar. 31, 2016RoomsHotelsStatesshares	Dec. 31, 2015Hotelsshares
Real Estate Properties [Line Items]
Ownership percentage by parent	99.50%
Aggregate shares and units outstanding (in shares) | shares	139,918,201
Common stock, shares outstanding (in shares) | shares	139,306,739
Units of noncontrolling interests in FelCor LP outstanding (in shares) | shares	611,000	611,000
Consolidated Properties [Member]
Real Estate Properties [Line Items]
Number of hotels | Rooms	40
UNITED STATES | Consolidated Properties [Member]
Real Estate Properties [Line Items]
Number of states (in states) | States	15
CALIFORNIA | Consolidated Properties [Member]
Real Estate Properties [Line Items]
Number of hotels	11
FLORIDA | Consolidated Properties [Member]
Real Estate Properties [Line Items]
Number of hotels	6
MASSACHUSETTS | Consolidated Properties [Member]
Real Estate Properties [Line Items]
Number of hotels	3
California, Florida, Massachusetts [Member] | Consolidated Properties [Member]
Real Estate Properties [Line Items]
Number of states (in states) | States	3
Percent of revenues generated from three states	66.00%
Thirty-Nine Hotels [Member] | Consolidated Properties [Member]
Real Estate Properties [Line Items]
Number of hotels	39
One Hundred Percent Owned [Member] | Thirty-Eight Hotels [Member] | Wholly Owned Properties [Member]
Real Estate Properties [Line Items]
Ownership percentage by parent	100.00%
One Hundred Percent Owned [Member] | Thirty-Eight Hotels [Member] | Consolidated Properties [Member]
Real Estate Properties [Line Items]
Number of hotels	38
Fifty Percent Owned [Member] | One Hotel [Member] | Consolidated Properties [Member]
Real Estate Properties [Line Items]
Number of hotels	1
Equity Method Investment, Ownership Percentage	50.00%
Fifty Percent Owned [Member] | Two Hotels [Member] | Unconsolidated Properties [Member]
Real Estate Properties [Line Items]
Number of hotels	2	2
Equity Method Investment, Ownership Percentage	50.00%	50.00%
Operated With A Lease [Member] | Consolidated Properties [Member]
Real Estate Properties [Line Items]
Number of hotels	40
Operated Without A Lease [Member] | One Hotel [Member] | Unconsolidated Properties [Member]
Real Estate Properties [Line Items]
Number of hotels	1
Operated Without A Lease [Member] | Fifty Percent Owned [Member] | Unconsolidated Properties [Member]
Real Estate Properties [Line Items]
Equity Method Investment, Ownership Percentage	50.00%
Hilton Worldwide [Member] | Consolidated Properties [Member]
Real Estate Properties [Line Items]
Number of hotels	20
Wyndham Worldwide [Member] | Consolidated Properties [Member]
Real Estate Properties [Line Items]
Number of hotels	8
InterContinental Hotels Group [Member] | Consolidated Properties [Member]
Real Estate Properties [Line Items]
Number of hotels	2
Starwood Hotels & Resorts Worldwide Inc. [Member] | Consolidated Properties [Member]
Real Estate Properties [Line Items]
Number of hotels	2
Marriott International Inc. [Member] | Consolidated Properties [Member]
Real Estate Properties [Line Items]
Number of hotels	3
Fairmont Raffles Hotels International [Member] | Consolidated Properties [Member]
Real Estate Properties [Line Items]
Number of hotels	1
Morgans Hotel Group Corp. [Member] | Consolidated Properties [Member]
Real Estate Properties [Line Items]
Number of hotels	2
Highgate Hotels [Member] | Consolidated Properties [Member]
Real Estate Properties [Line Items]
Number of hotels	1
Aimbridge Hospitality [Member] | Consolidated Properties [Member]
Real Estate Properties [Line Items]
Number of hotels	1
FelCor Lodging LP [Member]
Real Estate Properties [Line Items]
Units of noncontrolling interests in FelCor LP outstanding (in shares) | shares	611,462
The Knickerbocker® | Ninety-five Percent Owned [Member]
Real Estate Properties [Line Items]
Number of hotels	1
Controlling Interest, Ownership Percentage by Parent	95.00%
Ownership in all properties [Member]
Real Estate Properties [Line Items]
Number of hotels	41

Organization (Schedule of Distr

Organization (Schedule of Distribution of Consolidated Hotels) (Details) - Consolidated Properties [Member]	Mar. 31, 2016RoomsHotels
Real Estate Properties [Line Items]
Number of hotels	40
Number of rooms (in rooms)	12,272
Embassy Suites by Hilton®
Real Estate Properties [Line Items]
Number of hotels | Hotels	18
Number of rooms (in rooms)	4,982
Wyndham® and Wyndham Grand®
Real Estate Properties [Line Items]
Number of hotels | Hotels	8
Number of rooms (in rooms)	2,528
Marriott® and Renaissance®
Real Estate Properties [Line Items]
Number of hotels | Hotels	3
Number of rooms (in rooms)	1,321
Holiday Inn®
Real Estate Properties [Line Items]
Number of hotels | Hotels	2
Number of rooms (in rooms)	968
DoubleTree by Hilton® and Hilton®
Real Estate Properties [Line Items]
Number of hotels | Hotels	3
Number of rooms (in rooms)	802
Sheraton®
Real Estate Properties [Line Items]
Number of hotels | Hotels	2
Number of rooms (in rooms)	673
Fairmont®
Real Estate Properties [Line Items]
Number of hotels | Hotels	1
Number of rooms (in rooms)	383
The Knickerbocker®
Real Estate Properties [Line Items]
Number of hotels | Hotels	1
Number of rooms (in rooms)	330
Morgans® and Royalton®
Real Estate Properties [Line Items]
Number of hotels | Hotels	2
Number of rooms (in rooms)	285

Investment in Unconsolidated 33

Investment in Unconsolidated Entities (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)Hotels	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)Hotels
Schedule of Equity Method Investments [Line Items]
Gain (loss) on sale of hotels, net | $	$ (714)	$ 16,887
Long-term Debt | $	$ 1,440,792		$ 1,409,889
Two Hotels [Member] | Fifty Percent Owned [Member] | Unconsolidated Properties [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%		50.00%
Number of hotels | Hotels	2		2
Entities That Own Real Estate In Myrtle Beach South Carolina and Provide Condominium Management Services [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%		50.00%
Operated Without A Lease [Member] | Fifty Percent Owned [Member] | Unconsolidated Properties [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%
Operated Without A Lease [Member] | One Hotel [Member] | Unconsolidated Properties [Member]
Schedule of Equity Method Investments [Line Items]
Number of hotels | Hotels	1

Investment in Unconsolidated 34

Investment in Unconsolidated Entities (Schedule of Combined Balance Sheet Information of Unconsolidated Entities) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Investment in Unconsolidated Entities [Abstract]
Investment in hotels and other properties, net of accumulated depreciation	$ 22,773	$ 23,047
Total assets	28,484	29,033
Debt, net of unamortized debt issuance costs	22,439	22,563
Total liabilities	24,606	24,541
Equity	3,878	4,492
Long-term Debt	$ 1,440,792	$ 1,409,889

Investment in Unconsolidated 35

Investment in Unconsolidated Entities (Schedule of Combined Statement of Operations Information of Unconsolidated Entities) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Real Estate Properties [Line Items]
Total revenues	$ 5,503	$ 6,569
Net income (loss)	(114)	551
Net income (loss) attributable to FelCor	(57)	276
Depreciation of cost in excess of book value	(97)	(127)
Equity in income (loss) from unconsolidated entities	$ (154)	$ 149

Investment in Unconsolidated 36

Investment in Unconsolidated Entities (Schedule of Components of Investment In Unconsolidated Entities) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated entities	$ 9,171	$ 9,575
Equity basis of hotel joint venture investments
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	(3,995)	(4,216)
Cost of hotel investments in excess of joint venture book value
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	7,232	7,329
Equity basis of land and condominium joint venture investments
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	$ 5,934	$ 6,462

Investment in Unconsolidated 37

Investment in Unconsolidated Entities (Schedule of Components of Equity In Income (Loss) from Unconsolidated Entities) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Schedule of Equity Method Investments [Line Items]
Equity in income (loss) from unconsolidated entities	$ (154)	$ 149
Hotel investments
Schedule of Equity Method Investments [Line Items]
Equity in income (loss) from unconsolidated entities	375	748
Other investments
Schedule of Equity Method Investments [Line Items]
Equity in income (loss) from unconsolidated entities	$ (529)	$ (599)

Debt (Details)

Debt (Details)	3 Months Ended
	Mar. 31, 2016USD ($)Hotels	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
Number of encumbered hotels (in hotels) | Hotels	22
Long-term Debt, Gross	$ 1,458,458,000		$ 1,427,954,000
Debt Issuance Costs, Net	(17,666,000)		(18,065,000)
Long-term Debt	1,440,792,000		1,409,889,000
Interest expense	19,720,000	$ 19,481,000
Interest income	12,000	5,000
Capitalized interest	$ 141,800	$ 3,500,000
The Knickerbocker®
Debt Instrument [Line Items]
Term of debt extension	1 year
Line of Credit [Member] | Libor Plus Two Point Seven Five Percent Due June 2019 [Member]
Debt Instrument [Line Items]
Number of encumbered hotels (in hotels) | Hotels	7
Variable rate basis	LIBOR
Variable rate basis spread	2.75%
Long-term Debt	$ 221,000,000		190,000,000
Line of Credit Facility, Maximum Borrowing Capacity	$ 400,000,000
Term of debt extension	1 year
Construction Loans [Member] | Libor plus Three Point Zero Zero Percent Due November 2018 [Member]
Debt Instrument [Line Items]
Number of encumbered hotels (in hotels) | Hotels	1
Variable rate basis	LIBOR
Variable rate basis spread	3.00%
Long-term Debt	$ 85,000,000		85,000,000
Mortgages [Member] | Four Point Nine Five Percent Due October 2022 [Member]
Debt Instrument [Line Items]
Number of encumbered hotels (in hotels) | Hotels	4
Interest rate	4.95%
Long-term Debt	$ 121,874,000		122,237,000
Mortgages [Member] | Four Point Nine Four Percent Due October 2022 [Member]
Debt Instrument [Line Items]
Number of encumbered hotels (in hotels) | Hotels	1
Interest rate	4.94%
Long-term Debt	$ 30,584,000		30,717,000
Senior Secured Notes [Member] | Five Point Six Two Five Percent Due March 2023 [Member]
Debt Instrument [Line Items]
Number of encumbered hotels (in hotels) | Hotels	9
Interest rate	5.625%
Long-term Debt	$ 525,000,000		525,000,000
Unsecured Senior Notes [Member] | Six Point Zero Zero Percent Due June 2025 [Member]
Debt Instrument [Line Items]
Number of encumbered hotels (in hotels) | Hotels	0
Interest rate	6.00%
Long-term Debt	$ 475,000,000		$ 475,000,000

Hotel Operating Revenue, Depa39

Hotel Operating Revenue, Departmental Expenses and Other Property-Related Costs (Schedule of Hotel Operating Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Hotel Operating Revenue, Departmental Expenses and Other Property-Related Costs [Abstract]
Room revenue	$ 159,076	$ 162,306
Food and beverage revenue	39,532	39,844
Other operating departments	10,849	11,135
Total hotel operating revenue	$ 209,457	$ 213,285

Hotel Operating Revenue, Depa40

Hotel Operating Revenue, Departmental Expenses and Other Property-Related Costs (Schedule of Hotel Departmental Expenses) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Hotel Operating Revenue, Departmental Expenses and Other Property-Related Costs [Abstract]
Room	$ 42,699	$ 42,511
Room as a percent of total hotel operating revenue	20.40%	19.90%
Food and beverage	$ 30,956	$ 30,696
Food and beverage as a percent of total hotel operating revenue	14.80%	14.40%
Other operating departments	$ 3,783	$ 4,449
Other operating departments as a percent of total hotel operating revenue	1.80%	2.10%
Hotel departmental expenses	$ 77,438	$ 77,656
Hotel departmental expenses as a percent of total hotel operating revenue	37.00%	36.40%

Hotel Operating Revenue, Depa41

Hotel Operating Revenue, Departmental Expenses and Other Property-Related Costs (Schedule of Other Property-Related Costs) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Hotel Operating Revenue, Departmental Expenses, and Other Property-Related Costs [Line Items]
Other property-related costs	$ 55,566	$ 56,895
Other property-related costs as a percent of total hotel operating revenue	26.50%	26.70%
Hotel general and administrative expense
Hotel Operating Revenue, Departmental Expenses, and Other Property-Related Costs [Line Items]
Other property-related costs	$ 20,458	$ 19,363
Other property-related costs as a percent of total hotel operating revenue	9.80%	9.10%
Marketing
Hotel Operating Revenue, Departmental Expenses, and Other Property-Related Costs [Line Items]
Other property-related costs	$ 18,873	$ 19,303
Other property-related costs as a percent of total hotel operating revenue	9.00%	9.10%
Repair and maintenance
Hotel Operating Revenue, Departmental Expenses, and Other Property-Related Costs [Line Items]
Other property-related costs	$ 9,705	$ 10,350
Other property-related costs as a percent of total hotel operating revenue	4.60%	4.90%
Utilities
Hotel Operating Revenue, Departmental Expenses, and Other Property-Related Costs [Line Items]
Other property-related costs	$ 6,530	$ 7,879
Other property-related costs as a percent of total hotel operating revenue	3.10%	3.60%

Hotel Operating Revenue, Depa42

Hotel Operating Revenue, Departmental Expenses and Other Property-Related Costs Wyndham Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Hotel Operating Revenue, Departmental Expenses, and Other Property-Related Costs [Line Items]
Management Company NOI Guaranty, Amount Recorded	$ 48,000	$ 411,000

Taxes, Insurance and Lease Ex43

Taxes, Insurance and Lease Expense (Schedule of Taxes, Insurance and Lease Expense) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Taxes, Insurance and Lease Expense [Line Items]
Real estate and other taxes	$ 7,575,000	$ 7,691,000
Property insurance, general liability insurance and other	1,943,000	1,953,000
Total taxes, insurance and lease expense	13,582,000	14,807,000
Hotel Lease [Member]
Taxes, Insurance and Lease Expense [Line Items]
Lease expense	802,000	2,104,000
Percentage rent		936,000
Land Lease [Member]
Taxes, Insurance and Lease Expense [Line Items]
Lease expense	3,262,000	3,059,000
Percentage rent	$ 1,600,000	$ 1,500,000
One Hotel [Member] | Forty-Nine Percent Owned by Non-Controlling Interest [Member] | Unconsolidated Properties (Lessor) and Consolidated Operations (Lessee) [Member]
Taxes, Insurance and Lease Expense [Line Items]
Ownership percentage of lessee	49.00%
Equity method ownership percentage of lessor	50.00%

Hotel Dispositions (Details)

Hotel Dispositions (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)Hotels
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups [Line Items]
Hotel operating revenue	$ 209,457	$ 213,285
Operating Expenses	(194,222)	(199,016)
Operating Income (Loss)	15,922	14,679
Interest expense, net	(19,720)	(19,481)
Debt extinguishment	0	73
Equity in income (loss) from unconsolidated entities	(154)	149
Loss from continuing operations before gain on sale of hotels	(4,367)	(4,895)
Gain (loss) on sale of hotels, net	(714)	16,887
Net income (loss) and comprehensive income (loss)	(5,081)	11,996
Net loss (income) attributable to noncontrolling interests in other partnerships	471	(4,879)
Net loss attributable to redeemable noncontrolling interests in FelCor LP	48	14
Net income (loss) and comprehensive income (loss) attributable to reporting entity	$ (4,922)	6,783
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups [Line Items]
Hotel operating revenue		18,016
Operating Expenses		(14,542)
Operating Income (Loss)		3,474
Interest expense, net		(596)
Debt extinguishment		(73)
Equity in income (loss) from unconsolidated entities		205
Loss from continuing operations before gain on sale of hotels		3,010
Gain (loss) on sale of hotels, net		16,887
Net income (loss) and comprehensive income (loss)		19,897
Net loss (income) attributable to noncontrolling interests in other partnerships		(5,218)
Net loss attributable to redeemable noncontrolling interests in FelCor LP		(70)
Net income (loss) and comprehensive income (loss) attributable to reporting entity		$ 14,609
Number of hotels | Hotels		3
Assets Held-for-sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups [Line Items]
Number of hotels | Hotels		1

Income (Loss) Per Share_Unit (D

Income (Loss) Per Share/Unit (Details) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)peerincrement$ / sharesshares	Mar. 31, 2015USD ($)$ / sharesshares
Numerator:
Net income (loss) attributable to FelCor	$ (4,922)	$ 6,783
Discontinued operations attributable to FelCor	0	(4)
Income (loss) from continuing operations attributable to FelCor	(4,922)	6,779
Less: Preferred dividends	(6,279)	(9,678)
Less: Dividends declared on unvested restricted stock	(38)	(13)
Numerator for continuing operations attributable to FelCor common stockholders	(11,239)	(2,912)
Numerator for basic and diluted loss attributable to FelCor common stockholders	$ (11,239)	$ (2,908)
Denominator:
Weighted Average Number of Shares Outstanding, Basic and Diluted | shares	139,678	124,519
Basic and diluted loss per share data:
Income (Loss) from Continuing Operations, Per Basic and Diluted Share | $ / shares	$ (0.08)	$ (0.02)
Earnings Per Share, Basic and Diluted | $ / shares	$ (0.08)	$ (0.02)
FelCor Lodging LP [Member]
Numerator:
Net income (loss) attributable to FelCor	$ (4,970)	$ 6,769
Discontinued operations attributable to FelCor	0	(4)
Income (loss) from continuing operations attributable to FelCor	(4,970)	6,765
Less: Preferred dividends	(6,279)	(9,678)
Less: Dividends declared on unvested restricted stock	(38)	(13)
Numerator for continuing operations attributable to FelCor common stockholders	(11,287)	(2,926)
Numerator for basic and diluted loss attributable to FelCor common stockholders	$ (11,287)	$ (2,922)
Denominator:
Weighted Average Number of Shares Outstanding, Basic and Diluted | shares	140,289	125,130
Basic and diluted loss per share data:
Income (Loss) from Continuing Operations, Per Basic and Diluted Share | $ / shares	$ (0.08)	$ (0.02)
Earnings Per Share, Basic and Diluted | $ / shares	$ (0.08)	$ (0.02)
SeriesA Preferred Shares / Units [Member]
Earnings Per Share/Unit [Line Items]
Dividends excluded from computation of earnings per share/unit	$ 6,300	$ 6,300
Antidilutive Securities [Member]
Earnings Per Share/Unit [Line Items]
Series A Convertible Preferred Shares/Units | shares	9,984	9,984
Restricted Stock Units (RSUs) [Member]
Earnings Per Share/Unit [Line Items]
Number of Vesting Increments | increment	3
Number of Lodging REIT Peers | peer	10
Restricted Stock Units (RSUs) [Member] | Antidilutive Securities [Member]
Earnings Per Share/Unit [Line Items]
Restricted Stock Units/Treasury Stock Method | shares	619	1,194
Minimum [Member] | Restricted Stock Units (RSUs) [Member]
Earnings Per Share/Unit [Line Items]
Vesting Period	3 years
Maximum [Member] | Restricted Stock Units (RSUs) [Member]
Earnings Per Share/Unit [Line Items]
Vesting Period	4 years

Fair Value of Financial Instr46

Fair Value of Financial Instruments (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt	$ 1,440,792	$ 1,409,889
Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt	1,500,000	1,500,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt	1,000,000	1,000,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt	$ 466,000	$ 438,800

Redeemable Noncontrolling Int47

Redeemable Noncontrolling Interests in FelCor LP/Redeemable Units (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Noncontrolling Interest [Line Items]
Units of noncontrolling interests in FelCor LP outstanding (in shares)	611,000	611,000
Redeemable units	$ 4,965	$ 4,464	$ 7,026	$ 6,616
FelCor Lodging LP [Member]
Noncontrolling Interest [Line Items]
Units of noncontrolling interests in FelCor LP outstanding (in shares)	611,462
Redeemable units	$ 4,965	$ 4,464
Closing Price of FelCor's Common Stock [Member] | FelCor Lodging LP [Member]
Noncontrolling Interest [Line Items]
Redeemable units	$ 5,000
Closing price of common stock	$ 8.12

Redeemable Noncontrolling Int48

Redeemable Noncontrolling Interests in FelCor LP/Redeemable Units (Schedule of Changes in Redeemable Noncontrolling Interests) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Increase (Decrease) in Temporary Equity [Roll Forward]
Balance at beginning of period	$ 4,464	$ 6,616
Redemption value allocation	585	447
Distributions paid to unitholders	(36)	(23)
Net loss attributable to redeemable noncontrolling interests in FelCor LP	(48)	(14)
Balance at end of period	4,965	7,026
Preferred dividends	(6,279)	(9,678)
FelCor Lodging LP [Member]
Increase (Decrease) in Temporary Equity [Roll Forward]
Balance at beginning of period	4,464
Balance at end of period	4,965
Preferred dividends	(6,279)	$ (9,678)
Closing Price of FelCor's Common Stock [Member] | FelCor Lodging LP [Member]
Increase (Decrease) in Temporary Equity [Roll Forward]
Balance at end of period	$ 5,000

Consolidated Joint Venture Pr49

Consolidated Joint Venture Preferred Equity/Capital (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Schedule of Equity Method Investments [Line Items]
Preferred capital in consolidated joint venture	$ 43,784,000		$ 43,186,000
The Knickerbocker®
Schedule of Equity Method Investments [Line Items]
Total Proceeds from Sale of Preferred Equity Under the EB5 Immigrant Investor Program	$ 45,000,000
Current Annual Return	3.25%
Non-compounding Annual Return	0.25%
Total gross proceeds received to date from sale of preferred equity under the Immigrant Investor Program	$ 44,400,000
Current Return Increase	8.00%
Gross Proceeds received from sale of preferred equity under the Immigrant Investor Program	$ 600,000	$ 1,300,000
Gross Proceeds Net of Issuance Costs from Sale of Preferred Equity Under the Immigrant Investor Program	43,800,000
Proceeds not yet received from Immigrant Investor Program	$ 600,000

Commercial Dispute (Details)

Commercial Dispute (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Jun. 30, 2015	Sep. 30, 2014
Loss Contingencies [Line Items]
Loss Contingency Accrual, Payments		$ 5.9
Loss Contingency, Receivable, Additions	$ 3.7

Contingency (Details)

Contingency (Details) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	$ 8.3

Recently Issue Accounting Sta52

Recently Issue Accounting Standards Recently Issued Accounting Standards (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Accounting Changes [Abstract]
Cumulative effect of change in accounting for stock compensation forfeitures	$ 185,000
Payments Related to Tax Withholding for Share-based Compensation	$ 592,000	$ 8,000	$ 2,100,000	$ 3,100,000

FelCor LP's Consolidating Fin53

FelCor LP's Consolidating Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
CONDENSED CONSOLIDATING BALANCE SHEET
Net investment in hotels			$ 1,711,523	$ 1,729,531
Investment in unconsolidated entities			9,171	9,575
Cash and cash equivalents	$ 59,786	$ 47,147	57,958	59,786	$ 58,930	$ 47,147
Restricted cash			21,097	17,702
Accounts receivable, net			34,819	28,136
Deferred expenses, net			5,932	6,390
Other assets			17,676	14,792
Total assets			1,858,176	1,865,912
Debt, net			1,440,792	1,409,889
Distributions payable			15,062	15,140
Accrued expenses and other liabilities			123,766	125,274
Total liabilities			1,579,620	1,550,303
Redeemable units			4,965	4,464	7,026	6,616
Preferred capital in consolidated joint venture			43,784	43,186
Total liabilities and equity			1,858,176	1,865,912
Revenues:
Hotel operating revenue	209,457	213,285
Other revenue	687	410
Total revenues	210,144	213,695
Expenses:
Taxes, insurance and lease expense	13,582	14,807
Corporate expenses	8,400	8,573
Depreciation and amortization	29,183	27,772
Other expenses	828	4,228
Total operating expenses	194,222	199,016
Operating income	15,922	14,679
Interest expense, net	(19,720)	(19,481)
Debt extinguishment	0	(73)
Loss before equity in income (loss) from unconsolidated entities	(3,798)	(4,875)
Equity in income (loss) from unconsolidated entities	(154)	149
Loss from continuing operations before income tax expense	(3,952)	(4,726)
Income tax expense	(415)	(169)
Loss from continuing operations before gain on sale of hotels	(4,367)	(4,895)
Income from discontinued operations	0	4
Gain (loss) on sale of hotels, net	(714)	16,887
Net income (loss) and comprehensive income (loss)	(5,081)	11,996
Preferred distributions - consolidated joint venture	(360)	(348)
Net income (loss) and comprehensive income (loss) attributable to reporting entity	(4,922)	6,783
Preferred dividends	(6,279)	(9,678)
Operating activities:
Cash flows from operating activities	19,653	16,853
Investing activities:
Improvements and additions to hotels	(14,008)	(13,483)
Hotel development	0	(10,108)
Net proceeds from asset sales	(466)	91,328
Insurance proceeds	94	274
Change in restricted cash - investing	(3,395)	(1,676)
Distributions from unconsolidated entities in excess of earnings	136	31
Net cash flow provided by (used in) investing activities	(17,639)	66,366
Financing activities:
Proceeds from borrowings	31,000	36,000
Repayment of borrowings	(496)	(78,428)
Payment of deferred financing fees	(10)	(81)
Distributions paid to noncontrolling interests	0	(15,826)
Contributions from noncontrolling interests	68	790
Repurchase of common stock	(19,218)	0
Distributions paid to common stockholders	(8,508)	(5,034)
Net proceeds from issuance of preferred capital - consolidated joint venture	598	1,248
Net cash flow used in financing activities	(3,833)	(71,385)
Effect of exchange rate changes on cash	(9)	(51)
Change in cash and cash equivalents	(1,828)	11,783
Cash and cash equivalents at beginning of periods	59,786	47,147
Cash and cash equivalents at end of periods	57,958	58,930
FelCor Lodging LP [Member]
CONDENSED CONSOLIDATING BALANCE SHEET
Net investment in hotels			0	0
Equity investment in consolidated entities			1,220,693	1,260,779
Investment in unconsolidated entities			4,253	4,440
Cash and cash equivalents	21,219	5,717	21,811	21,219	19,810	5,717
Restricted cash			0	0
Accounts receivable, net			253	644
Deferred expenses, net			0	0
Other assets			2,524	3,587
Total assets			1,249,534	1,290,669
Debt, net			984,602	984,226
Distributions payable			14,938	15,016
Accrued expenses and other liabilities			22,625	26,810
Total liabilities			1,022,165	1,026,052
Redeemable units			4,965	4,464
Preferred units			309,337	309,337
Common units			(86,933)	(49,184)
Total FelCor LP partners' capital			222,404	260,153
Noncontrolling interests			0	0
Preferred capital in consolidated joint venture			0	0
Total partners’ capital			222,404	260,153
Total liabilities and equity			1,249,534	1,290,669
Revenues:
Hotel operating revenue	0	0
Percentage lease revenue	0	0
Other revenue	186	1
Total revenues	186	1
Expenses:
Hotel operating expenses	0	0
Taxes, insurance and lease expense	27	(200)
Corporate expenses	0	138
Depreciation and amortization	51	41
Other expenses	232	0
Total operating expenses	310	(21)
Operating income	(124)	22
Interest expense, net	(14,661)	(13,740)
Debt extinguishment		0
Loss before equity in income (loss) from unconsolidated entities	(14,785)	(13,718)
Equity in income from consolidated entities	9,867	20,359
Equity in income (loss) from unconsolidated entities	64	346
Loss from continuing operations before income tax expense	(4,854)	6,987
Income tax expense	(116)	(47)
Loss from continuing operations before gain on sale of hotels	(4,970)	6,940
Income from discontinued operations		0
Income (Loss) before gain (loss) on sale of hotels		6,940
Gain (loss) on sale of hotels, net	0	(171)
Net income (loss) and comprehensive income (loss)	(4,970)	6,769
Net income/(loss) attributable to noncontrolling interests	0	0
Preferred distributions - consolidated joint venture	0	0
Net income (loss) and comprehensive income (loss) attributable to reporting entity	(4,970)	6,769
Preferred dividends	(6,279)	(9,678)
Net loss attributable to FelCor LP common unitholders	(11,249)	(2,909)
Operating activities:
Cash flows from operating activities	(16,847)	(13,290)
Investing activities:
Improvements and additions to hotels	3	(473)
Hotel development		0
Net proceeds from asset sales	(66)	(98)
Insurance proceeds	0	274
Change in restricted cash - investing	0	0
Distributions from unconsolidated entities in excess of earnings	136	31
Intercompany financing	51,999	42,392
Net cash flow provided by (used in) investing activities	52,072	42,126
Financing activities:
Proceeds from borrowings	0	0
Repayment of borrowings	0	0
Payment of deferred financing fees	0	0
Distributions paid to noncontrolling interests		0
Contributions from noncontrolling interests	0	0
Repurchase of common stock	(19,218)
Distributions paid to preferred unitholders	(6,279)	(9,678)
Distributions paid to common stockholders	(8,508)	(5,034)
Net proceeds from issuance of preferred capital - consolidated joint venture	0	0
Intercompany financing	0	0
Other	(628)	(31)
Net cash flow used in financing activities	(34,633)	(14,743)
Effect of exchange rate changes on cash	0	0
Change in cash and cash equivalents	592	14,093
Cash and cash equivalents at beginning of periods	21,219	5,717
Cash and cash equivalents at end of periods	21,811	19,810
Guarantor Subsidiaries [Member]
CONDENSED CONSOLIDATING BALANCE SHEET
Net investment in hotels			619,653	625,835
Equity investment in consolidated entities			0	0
Investment in unconsolidated entities			3,665	3,871
Cash and cash equivalents	34,294	32,923	35,074	34,294	37,608	32,923
Restricted cash			17,069	15,442
Accounts receivable, net			33,281	25,575
Deferred expenses, net			0	0
Other assets			11,257	8,786
Total assets			719,999	713,803
Debt, net			0	0
Distributions payable			0	0
Accrued expenses and other liabilities			89,352	83,787
Total liabilities			89,352	83,787
Redeemable units			0	0
Preferred units			0	0
Common units			631,765	630,833
Total FelCor LP partners' capital			631,765	630,833
Noncontrolling interests			(1,118)	(817)
Preferred capital in consolidated joint venture			0	0
Total partners’ capital			630,647	630,016
Total liabilities and equity			719,999	713,803
Revenues:
Hotel operating revenue	209,457	213,285
Percentage lease revenue	0	0
Other revenue	432	348
Total revenues	209,889	213,633
Expenses:
Hotel operating expenses	142,229	143,636
Taxes, insurance and lease expense	51,484	49,071
Corporate expenses	4,336	4,605
Depreciation and amortization	11,996	13,165
Other expenses	553	4,045
Total operating expenses	210,598	214,522
Operating income	(709)	(889)
Interest expense, net	9	3
Debt extinguishment		0
Loss before equity in income (loss) from unconsolidated entities	(700)	(886)
Equity in income from consolidated entities	0	0
Equity in income (loss) from unconsolidated entities	(207)	(186)
Loss from continuing operations before income tax expense	(907)	(1,072)
Income tax expense	(299)	(122)
Loss from continuing operations before gain on sale of hotels	(1,206)	(1,194)
Income from discontinued operations		4
Income (Loss) before gain (loss) on sale of hotels		(1,190)
Gain (loss) on sale of hotels, net	(457)	(10)
Net income (loss) and comprehensive income (loss)	(1,663)	(1,200)
Net income/(loss) attributable to noncontrolling interests	369	258
Preferred distributions - consolidated joint venture	0	0
Net income (loss) and comprehensive income (loss) attributable to reporting entity	(1,294)	(942)
Preferred dividends	0	0
Net loss attributable to FelCor LP common unitholders	(1,294)	(942)
Operating activities:
Cash flows from operating activities	7,399	5,777
Investing activities:
Improvements and additions to hotels	(6,104)	(7,551)
Hotel development		0
Net proceeds from asset sales	(278)	10
Insurance proceeds	0	0
Change in restricted cash - investing	(1,627)	(479)
Distributions from unconsolidated entities in excess of earnings	0	0
Intercompany financing	0	0
Net cash flow provided by (used in) investing activities	(8,009)	(8,020)
Financing activities:
Proceeds from borrowings	0	0
Repayment of borrowings	0	0
Payment of deferred financing fees	0	0
Distributions paid to noncontrolling interests		(81)
Contributions from noncontrolling interests	68	10
Repurchase of common stock	0
Distributions paid to preferred unitholders	0	0
Distributions paid to common stockholders	0	0
Net proceeds from issuance of preferred capital - consolidated joint venture	0	0
Intercompany financing	1,331	7,050
Other	0	0
Net cash flow used in financing activities	1,399	6,979
Effect of exchange rate changes on cash	(9)	(51)
Change in cash and cash equivalents	780	4,685
Cash and cash equivalents at beginning of periods	34,294	32,923
Cash and cash equivalents at end of periods	35,074	37,608
Non-Guarantor Subsidiaries [Member]
CONDENSED CONSOLIDATING BALANCE SHEET
Net investment in hotels			1,091,870	1,103,696
Equity investment in consolidated entities			0	0
Investment in unconsolidated entities			1,253	1,264
Cash and cash equivalents	4,273	8,507	1,073	4,273	1,512	8,507
Restricted cash			4,028	2,260
Accounts receivable, net			1,285	1,917
Deferred expenses, net			5,932	6,390
Other assets			3,895	2,419
Total assets			1,109,336	1,122,219
Debt, net			495,626	465,099
Distributions payable			124	124
Accrued expenses and other liabilities			11,789	14,677
Total liabilities			507,539	479,900
Redeemable units			0	0
Preferred units			0	0
Common units			549,492	590,510
Total FelCor LP partners' capital			549,492	590,510
Noncontrolling interests			8,521	8,623
Preferred capital in consolidated joint venture			43,784	43,186
Total partners’ capital			601,797	642,319
Total liabilities and equity			1,109,336	1,122,219
Revenues:
Hotel operating revenue	0	0
Percentage lease revenue	43,545	39,187
Other revenue	69	61
Total revenues	43,614	39,248
Expenses:
Hotel operating expenses	0	0
Taxes, insurance and lease expense	5,616	5,123
Corporate expenses	4,064	3,830
Depreciation and amortization	17,136	14,566
Other expenses	43	183
Total operating expenses	26,859	23,702
Operating income	16,755	15,546
Interest expense, net	(5,068)	(5,744)
Debt extinguishment		(73)
Loss before equity in income (loss) from unconsolidated entities	11,687	9,729
Equity in income from consolidated entities	0	0
Equity in income (loss) from unconsolidated entities	(11)	(11)
Loss from continuing operations before income tax expense	11,676	9,718
Income tax expense	0	0
Loss from continuing operations before gain on sale of hotels	11,676	9,718
Income from discontinued operations		0
Income (Loss) before gain (loss) on sale of hotels		9,718
Gain (loss) on sale of hotels, net	(257)	17,068
Net income (loss) and comprehensive income (loss)	11,419	26,786
Net income/(loss) attributable to noncontrolling interests	102	(5,137)
Preferred distributions - consolidated joint venture	(360)	(348)
Net income (loss) and comprehensive income (loss) attributable to reporting entity	11,161	21,301
Preferred dividends	0	0
Net loss attributable to FelCor LP common unitholders	11,161	21,301
Operating activities:
Cash flows from operating activities	29,101	24,366
Investing activities:
Improvements and additions to hotels	(7,907)	(5,459)
Hotel development		(10,108)
Net proceeds from asset sales	(122)	91,416
Insurance proceeds	94	0
Change in restricted cash - investing	(1,768)	(1,197)
Distributions from unconsolidated entities in excess of earnings	0	0
Intercompany financing	0	0
Net cash flow provided by (used in) investing activities	(9,703)	74,652
Financing activities:
Proceeds from borrowings	31,000	36,000
Repayment of borrowings	(496)	(78,428)
Payment of deferred financing fees	(10)	(81)
Distributions paid to noncontrolling interests		(15,745)
Contributions from noncontrolling interests	0	780
Repurchase of common stock	0
Distributions paid to preferred unitholders	0	0
Distributions paid to common stockholders	0	0
Net proceeds from issuance of preferred capital - consolidated joint venture	598	1,248
Intercompany financing	(53,330)	(49,442)
Other	(360)	(345)
Net cash flow used in financing activities	(22,598)	(106,013)
Effect of exchange rate changes on cash	0	0
Change in cash and cash equivalents	(3,200)	(6,995)
Cash and cash equivalents at beginning of periods	4,273	8,507
Cash and cash equivalents at end of periods	1,073	1,512
Consolidation, Eliminations [Member]
CONDENSED CONSOLIDATING BALANCE SHEET
Net investment in hotels			0	0
Equity investment in consolidated entities			(1,220,693)	(1,260,779)
Investment in unconsolidated entities			0	0
Cash and cash equivalents	0	0	0	0	0	0
Restricted cash			0	0
Accounts receivable, net			0	0
Deferred expenses, net			0	0
Other assets			0	0
Total assets			(1,220,693)	(1,260,779)
Debt, net			(39,436)	(39,436)
Distributions payable			0	0
Accrued expenses and other liabilities			0	0
Total liabilities			(39,436)	(39,436)
Redeemable units			0	0
Preferred units			0	0
Common units			(1,181,257)	(1,221,343)
Total FelCor LP partners' capital			(1,181,257)	(1,221,343)
Noncontrolling interests			0	0
Preferred capital in consolidated joint venture			0	0
Total partners’ capital			(1,181,257)	(1,221,343)
Total liabilities and equity			(1,220,693)	(1,260,779)
Revenues:
Hotel operating revenue	0	0
Percentage lease revenue	(43,545)	(39,187)
Other revenue	0	0
Total revenues	(43,545)	(39,187)
Expenses:
Hotel operating expenses	0	0
Taxes, insurance and lease expense	(43,545)	(39,187)
Corporate expenses	0	0
Depreciation and amortization	0	0
Other expenses	0	0
Total operating expenses	(43,545)	(39,187)
Operating income	0	0
Interest expense, net	0	0
Debt extinguishment		0
Loss before equity in income (loss) from unconsolidated entities	0	0
Equity in income from consolidated entities	(9,867)	(20,359)
Equity in income (loss) from unconsolidated entities	0	0
Loss from continuing operations before income tax expense	(9,867)	(20,359)
Income tax expense	0	0
Loss from continuing operations before gain on sale of hotels	(9,867)	(20,359)
Income from discontinued operations		0
Income (Loss) before gain (loss) on sale of hotels		(20,359)
Gain (loss) on sale of hotels, net	0	0
Net income (loss) and comprehensive income (loss)	(9,867)	(20,359)
Net income/(loss) attributable to noncontrolling interests	0	0
Preferred distributions - consolidated joint venture	0	0
Net income (loss) and comprehensive income (loss) attributable to reporting entity	(9,867)	(20,359)
Preferred dividends	0	0
Net loss attributable to FelCor LP common unitholders	(9,867)	(20,359)
Operating activities:
Cash flows from operating activities	0	0
Investing activities:
Improvements and additions to hotels	0	0
Hotel development		0
Net proceeds from asset sales	0
Insurance proceeds	0	0
Change in restricted cash - investing	0	0
Distributions from unconsolidated entities in excess of earnings	0	0
Intercompany financing	(51,999)	(42,392)
Net cash flow provided by (used in) investing activities	(51,999)	(42,392)
Financing activities:
Proceeds from borrowings	0	0
Repayment of borrowings	0	0
Payment of deferred financing fees	0	0
Distributions paid to noncontrolling interests		0
Contributions from noncontrolling interests	0	0
Repurchase of common stock	0
Distributions paid to preferred unitholders	0	0
Distributions paid to common stockholders	0	0
Net proceeds from issuance of preferred capital - consolidated joint venture	0	0
Intercompany financing	51,999	42,392
Other	0	0
Net cash flow used in financing activities	51,999	42,392
Effect of exchange rate changes on cash	0	0
Change in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of periods	0	0
Cash and cash equivalents at end of periods	$ 0	0
Total Consolidated [Member]
Guarantor Obligations [Line Items]
Percentage of subsidiary guarantor owned by company	100.00%
CONDENSED CONSOLIDATING BALANCE SHEET
Net investment in hotels			1,711,523	1,729,531
Equity investment in consolidated entities			0	0
Investment in unconsolidated entities			9,171	9,575
Cash and cash equivalents	$ 59,786	47,147	57,958	59,786	58,930	47,147
Restricted cash			21,097	17,702
Accounts receivable, net			34,819	28,136
Deferred expenses, net			5,932	6,390
Other assets			17,676	14,792
Total assets			1,858,176	1,865,912
Debt, net			1,440,792	1,409,889
Distributions payable			15,062	15,140
Accrued expenses and other liabilities			123,766	125,274
Total liabilities			1,579,620	1,550,303
Redeemable units			4,965	4,464
Preferred units			309,337	309,337
Common units			(86,933)	(49,184)
Total FelCor LP partners' capital			222,404	260,153
Noncontrolling interests			7,403	7,806
Preferred capital in consolidated joint venture			43,784	43,186
Total partners’ capital			273,591	311,145	$ 347,123	$ 362,867
Total liabilities and equity			$ 1,858,176	$ 1,865,912
Revenues:
Hotel operating revenue	209,457	213,285
Percentage lease revenue	0	0
Other revenue	687	410
Total revenues	210,144	213,695
Expenses:
Hotel operating expenses	142,229	143,636
Taxes, insurance and lease expense	13,582	14,807
Corporate expenses	8,400	8,573
Depreciation and amortization	29,183	27,772
Other expenses	828	4,228
Total operating expenses	194,222	199,016
Operating income	15,922	14,679
Interest expense, net	(19,720)	(19,481)
Debt extinguishment	0	(73)
Loss before equity in income (loss) from unconsolidated entities	(3,798)	(4,875)
Equity in income from consolidated entities	0	0
Equity in income (loss) from unconsolidated entities	(154)	149
Loss from continuing operations before income tax expense	(3,952)	(4,726)
Income tax expense	(415)	(169)
Loss from continuing operations before gain on sale of hotels	(4,367)	(4,895)
Income from discontinued operations	0	4
Income (Loss) before gain (loss) on sale of hotels		(4,891)
Gain (loss) on sale of hotels, net	(714)	16,887
Net income (loss) and comprehensive income (loss)	(5,081)	11,996
Net income/(loss) attributable to noncontrolling interests	471	(4,879)
Preferred distributions - consolidated joint venture	(360)	(348)
Net income (loss) and comprehensive income (loss) attributable to reporting entity	(4,970)	6,769
Preferred dividends	(6,279)	(9,678)
Net loss attributable to FelCor LP common unitholders	(11,249)	(2,909)
Operating activities:
Cash flows from operating activities	19,653	16,853
Investing activities:
Improvements and additions to hotels	(14,008)	(13,483)
Hotel development	0	(10,108)
Net proceeds from asset sales	(466)	91,328
Insurance proceeds	94	274
Change in restricted cash - investing	(3,395)	(1,676)
Distributions from unconsolidated entities in excess of earnings	136	31
Intercompany financing	0	0
Net cash flow provided by (used in) investing activities	(17,639)	66,366
Financing activities:
Proceeds from borrowings	31,000	36,000
Repayment of borrowings	(496)	(78,428)
Payment of deferred financing fees	(10)	(81)
Distributions paid to noncontrolling interests	0	(15,826)
Contributions from noncontrolling interests	68	790
Repurchase of common stock	(19,218)	0
Distributions paid to preferred unitholders	(6,279)	(9,678)
Distributions paid to common stockholders	(8,508)	(5,034)
Net proceeds from issuance of preferred capital - consolidated joint venture	598	1,248
Intercompany financing	0	0
Other	(988)	(376)
Net cash flow used in financing activities	(3,833)	(71,385)
Effect of exchange rate changes on cash	(9)	(51)
Change in cash and cash equivalents	(1,828)	11,783
Cash and cash equivalents at beginning of periods	59,786	47,147
Cash and cash equivalents at end of periods	$ 57,958	$ 58,930