Attached files
| file | filename |
|---|---|
| 10-K - SUMMIT HOTEL PROPERTIES LLC | v179113_10k.htm |
| EX-99.1 - SUMMIT HOTEL PROPERTIES LLC | v179113_ex99-1.htm |
| EX-31.2 - SUMMIT HOTEL PROPERTIES LLC | v179113_ex31-2.htm |
| EX-31.1 - SUMMIT HOTEL PROPERTIES LLC | v179113_ex31-1.htm |
| EX-32.2 - SUMMIT HOTEL PROPERTIES LLC | v179113_ex32-2.htm |
| EX-32.1 - SUMMIT HOTEL PROPERTIES LLC | v179113_ex32-1.htm |
| EX-21.1 - SUMMIT HOTEL PROPERTIES LLC | v179113_ex21-1.htm |
Exhibit
99.2
Reconciliation
of Non-GAAP Financial Measure
Reconciliation of Net Income to Net
Cash From Operations
|
Twelve Months
|
||||
|
Ended
|
||||
|
Dec. 31, 2009
|
||||
|
Net
Income (Loss) Attributable to Summit Hotel Properties, LLC
|
$ | (15,141,232 | ) | |
|
plus
Depreciation and Amortization
|
$ | 24,243,567 | ||
|
plus
Unsuccessful Project Costs
|
$ | 1,262,219 | ||
|
less
Gain (loss) on Impairment of Sale of Assets
|
$ | 5,035,248 | ||
|
less
State Income Tax Payments
|
$ | (728,514 | ) | |
|
less
Principal Payments on Company debt
|
$ | (6,690,737 | ) | |
|
less
Priority Return Payments to Investors
|
$ | (12,271,067 | ) | |
|
less
Reserves Required by Lenders
|
$ | (1,599,939 | ) | |
|
plus
Capitalized Interest on Loans
|
$ | 2,840,987 | ||
|
plus
Repair Expense Funded by Loans/Reserves
|
$ | 2,543,167 | ||
|
Net
Cash from Operations
|
$ | (506,301 | ) | |