|
CAPSTAR
WINSTON COMPANY, L.L.C.
BALANCE
SHEETS
As
of December 31, 2000 and 1999
(
in thousands)
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|
ASSETS
|
|
|
|
|
|
|
2000
|
1999
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|
Current
assets:
|
|
|
|
|
|
|
|
Cash
and cash equivalents
|
$
|
762
|
|
$
|
1,051
|
|
|
Accounts
receivable, net of allowance for doubtful accounts of
|
|
|
|
|
|
|
|
$112 and $98
|
|
2,275
|
|
|
2,773
|
|
|
Due
from affiliate
|
|
11,005
|
|
|
8,667
|
|
|
Deposits
and other assets
|
|
1,114
|
|
|
455
|
|
|
|
|
|
|
|
|
Total
current assets
|
|
15,156
|
|
|
12,946
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Furniture,
fixtures and equipment, net of accumulated depreciation of
|
|
|
|
|
|
|
|
$209
and $136
|
|
221
|
|
|
240
|
|
|
Intangible
assets, net of accumulated amortization of $716 and $1,942
|
|
9,851
|
|
|
32,433
|
|
|
Deferred
franchise costs, net of
accumulated
amortization
of
$178
and
$128
|
498
|
|
|
559
|
|
|
Restricted
cash
|
|
61
|
|
|
38
|
|
|
|
|
|
|
|
|
|
$
|
25,787
|
|
$
|
46,216
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES
AND MEMBERS’ CAPITAL
|
|
|
|
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
|
|
|
Accounts
payable
|
$
|
1,147
|
|
$
|
1,222
|
|
|
Accrued
expenses
|
|
4,146
|
|
|
3,828
|
|
|
Percentage
lease payable to Winston Hotels, Inc.
|
|
7,129
|
|
|
7,573
|
|
|
Advance
deposits
|
|
178
|
|
|
151
|
|
|
|
|
|
|
|
|
Total
current liabilities
|
|
12,600
|
|
|
12,774
|
|
|
|
|
|
|
|
|
Commitments
|
|
|
|
|
|
|
|
Members’
capital
|
|
13,187
|
|
|
33,442
|
|
|
|
|
|
|
|
|
|
$
|
25,787
|
|
$
|
46,216
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
See
accompanying notes to financial statements.
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