condor remains cautiously optimistic on the outlook of the hospitality sector in 2017. the hospitality sector experienced its seventh straight year of positive revpar growth in 2016. the expected decline in the pace of revpar growth materialized in 2016 and is expected to continue into 2017. most industry forecasts estimate that u.s. revpar will grow at a slower pace in 2017 , generally between 2.0 % - 3.0 % . the slower pace of revpar growth we believe is primarily driven by concerns on new supply and concerns on slowing economic growth . condor management believes the sectors and segments it targets will see growth in excess of these estimates . while many primary markets have a large influx of new supply , the markets condor targets are experiencing less 31 aggressive supply growth . additionally , the markets c ondor targets are less affected , we believe , by alternative lodging platforms like airbnb . these supply factors , combined with the possibility of cont inued positive economic growth , we believe should enable our hotels to experience growth in revpar in 2017. we believe that the performance of the hotel industry is strongly correlated with the per formance of the macro-economy . t he equity markets have so far reacted favorably following the u.s. presidential election . however , it is unknown if the new a dministration 's policies will have a position or negative impact on the economy . additionally , the continued threat of terrorism and economic and geopolitical turbulence abroad could derail the macro-economy . barring any major disruption to the u.s. economy , we expect a continued improvement in lodging fundamentals , with a more tepid improvement in lodging fundamentals in 2017 than in 2016. the manner in which the economy continues to grow , if at all , is not predictable and outside of our control . as a result , there can be no assurances that we will be able to grow our hotel revenue , adr , occupancy , or revpar . factors that might contribute to less than anticipated performance are detailed in “ item 1a . risk factors . ” condor 's management continually monitors the economic environment an d works to adjust its strategy to seek to maximize value and returns to shareholders . ﻿ hotel property portfolio activity ﻿ acquisitions ﻿ on august 1 , 2016 , the company entered into a joint venture with twc to acquire a 254-room aloft hotel in downtown atlanta , georgia . the company accounts for the atlanta jv under the equity method . condor owns 80 % of the atlanta jv with twc owning the remaining 20 % . the atlanta jv is comprised of two companies : spring street hotel property ii llc , of which chlp indirectly owns an 80 % equity interest , and spring street hotel opco ii llc , of which our trs indirectly owns an 80 % equity interest . twc owns the remaining 20 % equity interest in these two companies . ﻿ on august 22 , 2016 , the atlanta jv closed on the acquisition of the atlanta aloft hotel for a purchase price of $ 43.6 million , subject to working capital and similar adjustments . a summary of this acquisition and its funding as completed by the atlanta jv is as follows ( in thousands ) : ﻿ ﻿ replace_table_token_7_th ﻿ ( 1 ) the purchase agreement includes a provision which permits the seller to purchase the surface parking lot north of the hotel exercisable for ten years at less than market rates ﻿ the purchase price for the atlanta aloft was paid by the atlanta jv with $ 9.8 million in cash , of which $ 7.8 million was contributed by condor and $ 2.0 million was contributed by twc , and $ 33.8 million of proceeds from a term loan secured by the property . condor additionally contributed $ 1.4 million and twc additionally contributed $ 0.4 million to the atlanta jv to cover acquisition costs and to provide working capital to the entity . ﻿ on december 14 , 2016 , we also acquired one wholly-owned hotel , the 156-room aloft leawood / overland park ( kansas city ) through a single-purpose bankruptcy remove entity 100 % owned by chlp . a summary of this acquisition and its funding is as follows ( in thousands ) : ﻿ ﻿ ﻿ hotel land buildings , improvements , and vehicles furniture and equipment total purchase price debt originated at acquisition issuance of chlp common units net cash aloft $ 3,339 $ 18,046 $ 1,115 $ 22,500 $ 15,925 $ 50 $ 6,525 leawood , ks ﻿ 32 the $ 22.5 million purchase price was funded with the proceeds of two mortgage loans provided by great western bank totaling $ 15.9 million , approximately $ 6.5 million in cash , and the issuance of 213,904 operating units in chlp with a value of $ 50,000 . ﻿ during 2015 , we acquired th ree wholly-owned premium select- service hotel properties through three single-purpose bankruptcy remote entities 100 % owned by ch lp from affiliates of peachtree hotel group ii , llc . a summary of these acquisitions and their funding is as follows ( in thousands ) : ﻿ replace_table_token_8_th the $ 42.5 million purchase price was funded with the assumption of one loan with an aggregate outstanding principal balance of $ 11.2 million and two newly originated ge capital loans ( sold to western alliance bank ( “ wab ” ) in april 2016 ) totaling $ 15.1 million . the remaining $ 16.2 million was funded with $ 14.9 million in cash , approximately $ 0.8 million of borrowings from the company 's existing credit facility with great western bank , and the is suance of operating units from ch lp representing limited partnership interest in that entity . story_separator_special_tag ﻿ funds from operations ( “ ffo ” ) & adjusted ffo ( “ affo ” ) ﻿ we calculate ffo in accordance with the standards established by the national association of real estate investment trusts ( “ nareit ” ) , which defines ffo as net earnings computed in accordance with gaap , excluding gains or losses from sales of real estate assets , impairment , and the depreciation and amortization of real estate assets . ffo is calculated both for the company in total and as ffo attributable to common shares and partnership units , which is ffo excluding preferred stock dividends . affo is ffo attributable to common shares and partnership units adjusted to exclude items we do not believe are representative of the results from our core operations , such as non-cash gains or losses on derivative liabilities and convertible debt and cash charges for acquisition or equity raising costs . all reits do not calculate ffo and affo in the same manner ; therefore , our calculation may not be the same as the calculation of ffo and affo for similar reits . ﻿ we consider ffo and affo to be useful additional measures of performance for an equity reit because they facilitate an understanding of the operating performance of our properties without giving effect to real estate depreciation and amortization , which assumes that the value of real estate assets diminishes predictably over time . since real estate values have historically risen or fallen with market conditions , we believe that ffo and affo provide a meaningful indication of our performance . ﻿ the following table reconciles net earnings ( loss ) to ffo and affo for the years ended december 31 ( in thousands ) . all amounts presented include both continuing and discontinued operations as well as our portion of the results of our unconsolidated atlanta jv . ﻿ ﻿ replace_table_token_13_th ﻿ 39 earnings before interest , taxes , depreciation , and amortization ( “ ebitda ” ) , adjusted ebitda , and hotel ebitda ﻿ we calculate ebitda and adjusted ebitda by adding back to net earnings certain non-operating expenses and certain non-cash charges which are based on historical cost accounting that we believe may be of limited significance in evaluating current performance . we believe these adjustments can help eliminate the accounting effects of depreciation and amortization and financing decisions and facilitate comparisons of core operating profitability between periods . in calculating ebitda , we add back to net earnings interest expense , loss on debt extinguishment , income tax expense , and depreciation and amortization expense . in calculating adjusted ebitda , we adjust ebitda to add back net gain/loss on disposition of assets , acquisition and terminated transactions expense , and terminated equity transactions expense , which are cash charges . we also add back impairment and gain or loss on derivatives and convertible debt , which are non-cash charges . ebitda and adjusted ebitda , as presented , may not be comparable to similarly titled measures of other companies . ﻿ we believe ebitda and adjusted ebitda to be useful additional measures of our operating performance , excluding the impact of our capital structure ( primarily interest expense ) , our asset base ( primarily depreciation and amortization expense ) , and other items we do not believe are representative of the results from our core operations . ﻿ the company further excludes general and administrative expenses , other non-operating income or expense , and certain hotel and property operations expenses that are not allocated to individual properties in assessing hotel performance ( primarily certain general liability and other insurance costs , land lease costs , and office and banking fees ) from adjusted ebitda to calculate hotel ebitda . hotel ebitda is similar to the non-gaap measure of property operating income ( “ poi ” ) presented in filings prior to the september 30 , 2016 form 10-q except that hotel ebitda also excludes the unallocated hotel and property operations expenses previously included in poi . hotel ebitda , as presented , may not be comparable to similarly titled measures of other companies . ﻿ hotel ebitda is intended to isolate property level operational performance over which the company 's hotel operators have direct control . we believe hotel ebitda is helpful to investors as it better communicates the comparability of our hotels ' operating results for all of the company 's hotel properties and is used by management to measure the performance of the company 's hotels and the effectiveness of the operators of the hotels . ﻿ the following table reconciles net earnings ( loss ) to ebitda , adjusted ebitda , and hotel ebitda for the years ended december 31 ( in thousands ) . all amounts presented include both continuing and discontinued operations as well as our portion of the results of our unconsolidated atlanta jv . 40 ﻿ ﻿ ﻿ ﻿ replace_table_token_14_th ﻿ liquidity and capital resources ﻿ liquidity requirements ﻿ we expect to meet our short-term liquidity requirements through net cash provided by operations , existing cash balances and working capital , short-term borrowings under our revolving credit agreement with great western bank , and the release of restricted cash upon the satisfaction of usage requirements . at december 31 , 2016 , the company had $ 8.3 million of cash and c ash equivalents on hand and $ 1.2 million of unused availability under its revolving credit agreement . our short-term liquidity requirements consist primarily of operating expenses and other expenditures directly associated with our hotel properties , recurring maintenance and capital expenditures necessary to maintain our hotels in accordance with brand standards , interest expense and scheduled principal payments on outstanding indebtedness , restricted cash funding obligations , and the payment of dividends in accordance with the reit requirements of the internal revenue code and as required in connection with our series d preferred stock ( which ,

cash provided by investing activities . our cash provided by investing activities was $ 21.9 million , $ 5.4 million , and $ 17.9 million for the years ended december 31 , 2016 , 2015 , and 2014 , respectively . the lower cash flows in 2015 from the other periods presented was primarily a result of differences in the net cash spent on acquisitions and investment in joint venture less cash received from asset sales which , net , totaled $ 26.9 million in 2016 , $ 10.7 million in 2015 , and $ 21.3 million in 2014 . ﻿ cash used in financing activities . our cash used by financing activities was $ 21.2 million , $ 5.7 million , and $ 23.3 million for the years ended december 31 , 201 6 , 2015 , and 2014 , respectively . this increase in cash flows in 2016 was primarily related to cash received in the first quarter of 2016 related to the series d preferred stock issuance less cash used to redeem the series a and b preferred stock and cash dividends paid on the series c and series d preferred stock , which together had a net impact to financing cash flows of $ 5.1 million , as well as decreased net principal payments on long -term and revolving debt of $ 19.0 million as a result of decreased net revolver activity as well as decreased debt repayments required upon the sale of hotel properties . these increases were partially offset w ith prepayment penalties of $ 1.8 million paid in 2016 upon the sale of properties encumbered by certain of the company 's debt . from 2014 to 2015 , d ebt repayments increased d ue to increased property sales . however , this increase in debt repayments was offset by increased cash inflows for new debt obtained , including the debt obtained in connection with the 2015 acquisitions which totaled $ 15.1 million excluding debt assumed .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash provided by investing activities . our cash provided by investing activities was $ 21.9 million , $ 5.4 million , and $ 17.9 million for the years ended december 31 , 2016 , 2015 , and 2014 , respectively . the lower cash flows in 2015 from the other periods presented was primarily a result of differences in the net cash spent on acquisitions and investment in joint venture less cash received from asset sales which , net , totaled $ 26.9 million in 2016 , $ 10.7 million in 2015 , and $ 21.3 million in 2014 . ﻿ cash used in financing activities . our cash used by financing activities was $ 21.2 million , $ 5.7 million , and $ 23.3 million for the years ended december 31 , 201 6 , 2015 , and 2014 , respectively . this increase in cash flows in 2016 was primarily related to cash received in the first quarter of 2016 related to the series d preferred stock issuance less cash used to redeem the series a and b preferred stock and cash dividends paid on the series c and series d preferred stock , which together had a net impact to financing cash flows of $ 5.1 million , as well as decreased net principal payments on long -term and revolving debt of $ 19.0 million as a result of decreased net revolver activity as well as decreased debt repayments required upon the sale of hotel properties . these increases were partially offset w ith prepayment penalties of $ 1.8 million paid in 2016 upon the sale of properties encumbered by certain of the company 's debt . from 2014 to 2015 , d ebt repayments increased d ue to increased property sales . however , this increase in debt repayments was offset by increased cash inflows for new debt obtained , including the debt obtained in connection with the 2015 acquisitions which totaled $ 15.1 million excluding debt assumed .
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 Suspicious Activity Report : condor remains cautiously optimistic on the outlook of the hospitality sector in 2017. the hospitality sector experienced its seventh straight year of positive revpar growth in 2016. the expected decline in the pace of revpar growth materialized in 2016 and is expected to continue into 2017. most industry forecasts estimate that u.s. revpar will grow at a slower pace in 2017 , generally between 2.0 % - 3.0 % . the slower pace of revpar growth we believe is primarily driven by concerns on new supply and concerns on slowing economic growth . condor management believes the sectors and segments it targets will see growth in excess of these estimates . while many primary markets have a large influx of new supply , the markets condor targets are experiencing less 31 aggressive supply growth . additionally , the markets c ondor targets are less affected , we believe , by alternative lodging platforms like airbnb . these supply factors , combined with the possibility of cont inued positive economic growth , we believe should enable our hotels to experience growth in revpar in 2017. we believe that the performance of the hotel industry is strongly correlated with the per formance of the macro-economy . t he equity markets have so far reacted favorably following the u.s. presidential election . however , it is unknown if the new a dministration 's policies will have a position or negative impact on the economy . additionally , the continued threat of terrorism and economic and geopolitical turbulence abroad could derail the macro-economy . barring any major disruption to the u.s. economy , we expect a continued improvement in lodging fundamentals , with a more tepid improvement in lodging fundamentals in 2017 than in 2016. the manner in which the economy continues to grow , if at all , is not predictable and outside of our control . as a result , there can be no assurances that we will be able to grow our hotel revenue , adr , occupancy , or revpar . factors that might contribute to less than anticipated performance are detailed in “ item 1a . risk factors . ” condor 's management continually monitors the economic environment an d works to adjust its strategy to seek to maximize value and returns to shareholders . ﻿ hotel property portfolio activity ﻿ acquisitions ﻿ on august 1 , 2016 , the company entered into a joint venture with twc to acquire a 254-room aloft hotel in downtown atlanta , georgia . the company accounts for the atlanta jv under the equity method . condor owns 80 % of the atlanta jv with twc owning the remaining 20 % . the atlanta jv is comprised of two companies : spring street hotel property ii llc , of which chlp indirectly owns an 80 % equity interest , and spring street hotel opco ii llc , of which our trs indirectly owns an 80 % equity interest . twc owns the remaining 20 % equity interest in these two companies . ﻿ on august 22 , 2016 , the atlanta jv closed on the acquisition of the atlanta aloft hotel for a purchase price of $ 43.6 million , subject to working capital and similar adjustments . a summary of this acquisition and its funding as completed by the atlanta jv is as follows ( in thousands ) : ﻿ ﻿ replace_table_token_7_th ﻿ ( 1 ) the purchase agreement includes a provision which permits the seller to purchase the surface parking lot north of the hotel exercisable for ten years at less than market rates ﻿ the purchase price for the atlanta aloft was paid by the atlanta jv with $ 9.8 million in cash , of which $ 7.8 million was contributed by condor and $ 2.0 million was contributed by twc , and $ 33.8 million of proceeds from a term loan secured by the property . condor additionally contributed $ 1.4 million and twc additionally contributed $ 0.4 million to the atlanta jv to cover acquisition costs and to provide working capital to the entity . ﻿ on december 14 , 2016 , we also acquired one wholly-owned hotel , the 156-room aloft leawood / overland park ( kansas city ) through a single-purpose bankruptcy remove entity 100 % owned by chlp . a summary of this acquisition and its funding is as follows ( in thousands ) : ﻿ ﻿ ﻿ hotel land buildings , improvements , and vehicles furniture and equipment total purchase price debt originated at acquisition issuance of chlp common units net cash aloft $ 3,339 $ 18,046 $ 1,115 $ 22,500 $ 15,925 $ 50 $ 6,525 leawood , ks ﻿ 32 the $ 22.5 million purchase price was funded with the proceeds of two mortgage loans provided by great western bank totaling $ 15.9 million , approximately $ 6.5 million in cash , and the issuance of 213,904 operating units in chlp with a value of $ 50,000 . ﻿ during 2015 , we acquired th ree wholly-owned premium select- service hotel properties through three single-purpose bankruptcy remote entities 100 % owned by ch lp from affiliates of peachtree hotel group ii , llc . a summary of these acquisitions and their funding is as follows ( in thousands ) : ﻿ replace_table_token_8_th the $ 42.5 million purchase price was funded with the assumption of one loan with an aggregate outstanding principal balance of $ 11.2 million and two newly originated ge capital loans ( sold to western alliance bank ( “ wab ” ) in april 2016 ) totaling $ 15.1 million . the remaining $ 16.2 million was funded with $ 14.9 million in cash , approximately $ 0.8 million of borrowings from the company 's existing credit facility with great western bank , and the is suance of operating units from ch lp representing limited partnership interest in that entity . story_separator_special_tag ﻿ funds from operations ( “ ffo ” ) & adjusted ffo ( “ affo ” ) ﻿ we calculate ffo in accordance with the standards established by the national association of real estate investment trusts ( “ nareit ” ) , which defines ffo as net earnings computed in accordance with gaap , excluding gains or losses from sales of real estate assets , impairment , and the depreciation and amortization of real estate assets . ffo is calculated both for the company in total and as ffo attributable to common shares and partnership units , which is ffo excluding preferred stock dividends . affo is ffo attributable to common shares and partnership units adjusted to exclude items we do not believe are representative of the results from our core operations , such as non-cash gains or losses on derivative liabilities and convertible debt and cash charges for acquisition or equity raising costs . all reits do not calculate ffo and affo in the same manner ; therefore , our calculation may not be the same as the calculation of ffo and affo for similar reits . ﻿ we consider ffo and affo to be useful additional measures of performance for an equity reit because they facilitate an understanding of the operating performance of our properties without giving effect to real estate depreciation and amortization , which assumes that the value of real estate assets diminishes predictably over time . since real estate values have historically risen or fallen with market conditions , we believe that ffo and affo provide a meaningful indication of our performance . ﻿ the following table reconciles net earnings ( loss ) to ffo and affo for the years ended december 31 ( in thousands ) . all amounts presented include both continuing and discontinued operations as well as our portion of the results of our unconsolidated atlanta jv . ﻿ ﻿ replace_table_token_13_th ﻿ 39 earnings before interest , taxes , depreciation , and amortization ( “ ebitda ” ) , adjusted ebitda , and hotel ebitda ﻿ we calculate ebitda and adjusted ebitda by adding back to net earnings certain non-operating expenses and certain non-cash charges which are based on historical cost accounting that we believe may be of limited significance in evaluating current performance . we believe these adjustments can help eliminate the accounting effects of depreciation and amortization and financing decisions and facilitate comparisons of core operating profitability between periods . in calculating ebitda , we add back to net earnings interest expense , loss on debt extinguishment , income tax expense , and depreciation and amortization expense . in calculating adjusted ebitda , we adjust ebitda to add back net gain/loss on disposition of assets , acquisition and terminated transactions expense , and terminated equity transactions expense , which are cash charges . we also add back impairment and gain or loss on derivatives and convertible debt , which are non-cash charges . ebitda and adjusted ebitda , as presented , may not be comparable to similarly titled measures of other companies . ﻿ we believe ebitda and adjusted ebitda to be useful additional measures of our operating performance , excluding the impact of our capital structure ( primarily interest expense ) , our asset base ( primarily depreciation and amortization expense ) , and other items we do not believe are representative of the results from our core operations . ﻿ the company further excludes general and administrative expenses , other non-operating income or expense , and certain hotel and property operations expenses that are not allocated to individual properties in assessing hotel performance ( primarily certain general liability and other insurance costs , land lease costs , and office and banking fees ) from adjusted ebitda to calculate hotel ebitda . hotel ebitda is similar to the non-gaap measure of property operating income ( “ poi ” ) presented in filings prior to the september 30 , 2016 form 10-q except that hotel ebitda also excludes the unallocated hotel and property operations expenses previously included in poi . hotel ebitda , as presented , may not be comparable to similarly titled measures of other companies . ﻿ hotel ebitda is intended to isolate property level operational performance over which the company 's hotel operators have direct control . we believe hotel ebitda is helpful to investors as it better communicates the comparability of our hotels ' operating results for all of the company 's hotel properties and is used by management to measure the performance of the company 's hotels and the effectiveness of the operators of the hotels . ﻿ the following table reconciles net earnings ( loss ) to ebitda , adjusted ebitda , and hotel ebitda for the years ended december 31 ( in thousands ) . all amounts presented include both continuing and discontinued operations as well as our portion of the results of our unconsolidated atlanta jv . 40 ﻿ ﻿ ﻿ ﻿ replace_table_token_14_th ﻿ liquidity and capital resources ﻿ liquidity requirements ﻿ we expect to meet our short-term liquidity requirements through net cash provided by operations , existing cash balances and working capital , short-term borrowings under our revolving credit agreement with great western bank , and the release of restricted cash upon the satisfaction of usage requirements . at december 31 , 2016 , the company had $ 8.3 million of cash and c ash equivalents on hand and $ 1.2 million of unused availability under its revolving credit agreement . our short-term liquidity requirements consist primarily of operating expenses and other expenditures directly associated with our hotel properties , recurring maintenance and capital expenditures necessary to maintain our hotels in accordance with brand standards , interest expense and scheduled principal payments on outstanding indebtedness , restricted cash funding obligations , and the payment of dividends in accordance with the reit requirements of the internal revenue code and as required in connection with our series d preferred stock ( which ,

