XML 43 R29.htm IDEA: XBRL DOCUMENT v3.10.0.1
Investment in Unconsolidated Entities (Tables)
 12 Months Ended
Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]  
Additional Cash Flow Information During the years ended December 31, 2018 and 2017, the Company received cash distributions from the NewINK JV as follows (in thousands):
For the year ended
 December 31,
 20182017
Cash generated from other activities and excess cash$3,186 $2,518 
Total$3,186 $2,518 
Schedule of Assets Liabilities and Equity of Joint Venture The following tables sets forth the total assets, liabilities, equity and components of net income (loss), including the Company's share, related to all JVs for the years ended December 31, 2018, 2017 and 2016 (in thousands):
Balance Sheet
December 31, 2018December 31, 2017December 31, 2016
Assets
Investment in hotel properties, net$2,309,396 $2,363,726 $1,849,295 
Other assets118,600 130,910 143,769 
Total Assets$2,427,996 $2,494,636 $1,993,064 
Liabilities
Mortgages and notes payable, net$1,606,334 $1,597,351 $1,656,949 
Other Liabilities37,051 38,773 34,567 
Total Liabilities1,643,385 1,636,124 1,691,516 
Equity
Chatham Lodging Trust79,744 87,326 30,428 
Joint Venture Partner704,867 771,186 271,120 
Total Equity784,611 858,512 301,548 
Total Liabilities and Equity$2,427,996 $2,494,636 $1,993,064 
Schedule of Income From Joint Venture
For the year ended
December 31,
201820172016 
Revenue$498,507 $487,174 $484,708 
Total hotel operating expenses329,756 294,280 289,569 
Hotel operating income$168,751 $192,894 $195,139 
Net income (loss) from continuing operations$(24,400)$(107)$964 
Loss on sale of hotels$— $— $— 
Net income (loss)$(24,400)$(107)$964 
Income (loss) allocable to the Company$(2,472)$7 $118 
Basis difference adjustment$1,596 $1,575 $600 
Total income (loss) from unconsolidated real estate entities attributable to Chatham$(876)$1,582 $718 
NewINK Joint Venture  
Schedule of Equity Method Investments [Line Items]  
Additional Cash Flow Information During the years ended December 31, 2018 and 2017, the Company received cash distributions from the NewINK JV as follows (in thousands):
Inland Joint Venture  
Schedule of Equity Method Investments [Line Items]  
Additional Cash Flow Information During the years ended December 31, 2018 and 2017, the Company received cash distributions from the Inland JV as follows (in thousands):
For the year ended
 December 31,
 20182017
Cash generated from other activities and excess cash$1,850 $700 
Total $1,850 $700