Agreements with Related Parties	12 Months Ended
Agreements with Related Parties	Dec. 31, 2014
Related Party Transactions [Abstract]
Agreements with Related Parties	Agreements with Related Parties Resort Management Agreement On March 1, 2011, the Company and WG-Harmon entered into a Resort Management Agreement, which agreement was subsequently amended on June 15, 2012 (as amended, the “Amended Resort Management Agreement”), pursuant to which WG- Harmon manages the Hard Rock Hotel & Casino Las Vegas, including the gaming operations and the liquor operations. During the years ended December 31, 2014, 2013 and 2012, the Company incurred $3.6 million, $1.8 million and $1.8 million, respectively, in management and incentive fees under the Amended Resort Management Agreement. As of December 31, 2014, and 2013, the Company had $0 and $135,000, respectively, payable to WG-Harmon which are included in related party payables on the consolidated balance sheets. Under the terms of the Amended Resort Management Agreement, WG-Harmon manages the gaming operations and the liquor operations and has complete discretion and control in all matters related to management and operating activities. The agreement expires March 31, 2016. The Company is required to pay a base fee of $160,000 per month, which may be decreased to $150,000 per month if WG-Harmon is no longer providing certain construction services to the Company. In April 2013, a $10,000 reduction to the base fee was put in place. In addition to such base fee, the Company pays an incentive management fee based on the performance of the adjusted EBITDA of the Hard Rock Hotel & Casino Las Vegas, as set forth in the Amended Resort Management Agreement. Second Mortgage Loan Agreement During the years ended December 31, 2014 and 2013 the Company had accrued interest of $6.0 million and $4.6 million, respectively, under the Second Mortgage which is included in long term accrued expenses on the consolidated balance sheets. Investment in Joint Venture During 2012, CDO Restaurant Associates LLC (“CDO”), a Delaware limited liability company, was formed between the Company and Fox Restaurant Concepts, LLC (“Fox”) to operate a restaurant, Culinary Dropout, out of leased space at the Hard Rock Hotel and Casino Las Vegas. In 2012, the Company contributed 80% of the initial construction and pre-opening budget, or $2.1 million, and also loaned CDO $100,000 to cover pre-opening costs in excess of initial budgeted amounts. In 2012, the Company loaned CDO an additional $248,000 to cover final construction costs in excess of budgeted amounts. As of December 31, 2014, all loans have been repaid in full. The Company determined that the investment in CDO should be accounted for as an equity method investment. The loans bore interest at the greater of 8% or the reference rate publicly announced by Bank of America N.T. & S.A plus 4%. Loans were required to be repaid before any other distributions of net cash flow. Net cash flow would then be distributed in proportion to the Members’ initial capital contributions, plus an 8% preferred return, and, once paid in full, in accordance with the 50% membership interest. The Company accounts for its investment in CDO under the equity method based on applicable accounting guidance as the Company does not hold a controlling financial interest in CDO. For the years ended December 31, 2014, 2013 and 2012, the Company recorded losses of $42,000, $49,000 and $630,000, respectively, related to its equity in CDO. The Company’s share of the joint venture’s loss is included in equity in income of joint venture in the accompanying consolidated statements of operations. At December 31, 2014 and 2013, the Company’s net investment in CDO was $1.2 million and $1.4 million, respectively, which is included in other assets in the accompanying consolidated balance sheets. The classification of the investment in joint venture was based on the expected timing of the repayment of the initial construction and pre-opening budget contribution. There were no distributions to the members for the years ended December 31, 2014 and 2013. CDO leases space from the Company under a ten-year operating lease expiring in August 2022. The lease has one five-year renewal option. Rent is paid monthly at 6% of sales, as defined in the agreement. For the years ended December 31, 2014, 2013 and 2012 total rent payments received were $251,000, $296,000 and $57,000. CDO also pays a management fee of 6% of gross sales to Fox. Both the lease and the management agreement expire in August 2022.

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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BREF HR, LLC 10-K