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SCHEDULE III-REAL ESTATE AND ACCUMULATED DEPRECIATION (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2015
USD ($)
Hotel properties  
REAL ESTATE AND ACCUMULATED DEPRECIATION  
Encmbr $ 1,016,480
Initial costs  
Land 494,846
Bldg. and Impr 2,571,517
Cost Capitalized Subsequent to Acquisition  
Land 47,814
Bldg. and Impr 538,045
Gross Amount at year end  
Land 542,660
Bldg. and Impr 3,109,562
Totals 3,652,222
Accum. Depr. 707,737
Aggregate cost of properties for federal income tax purposes 4,000,000
Investments in other Real Estate  
Initial costs  
Land 4,500
Cost Capitalized Subsequent to Acquisition  
Land (4,312)
Gross Amount at year end  
Land 188
Totals 188
Boston Park Plaza | Hotel properties  
REAL ESTATE AND ACCUMULATED DEPRECIATION  
Encmbr 114,215
Initial costs  
Land 58,527
Bldg. and Impr 170,589
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 51,424
Gross Amount at year end  
Land 58,527
Bldg. and Impr 222,013
Totals 280,540
Accum. Depr. $ 18,681
Date Acq./Constr. 2013
Courtyard by Marriott Los Angeles | Hotel properties  
Initial costs  
Bldg. and Impr $ 8,446
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 13,185
Gross Amount at year end  
Bldg. and Impr 21,631
Totals 21,631
Accum. Depr. $ 10,016
Date Acq./Constr. 1999
Embassy Suites Chicago | Hotel properties  
REAL ESTATE AND ACCUMULATED DEPRECIATION  
Encmbr $ 67,818
Initial costs  
Land 79
Bldg. and Impr 46,886
Cost Capitalized Subsequent to Acquisition  
Land 6,348
Bldg. and Impr 21,470
Gross Amount at year end  
Land 6,427
Bldg. and Impr 68,356
Totals 74,783
Accum. Depr. $ 26,568
Date Acq./Constr. 2002
Embassy Suites La Jolla | Hotel properties  
REAL ESTATE AND ACCUMULATED DEPRECIATION  
Encmbr $ 64,004
Initial costs  
Land 27,900
Bldg. and Impr 70,450
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 9,900
Gross Amount at year end  
Land 27,900
Bldg. and Impr 80,350
Totals 108,250
Accum. Depr. $ 25,917
Date Acq./Constr. 2006
Fairmont Newport Beach | Hotel properties  
Initial costs  
Bldg. and Impr $ 65,769
Cost Capitalized Subsequent to Acquisition  
Land 11,000
Bldg. and Impr 34,442
Gross Amount at year end  
Land 11,000
Bldg. and Impr 100,211
Totals 111,211
Accum. Depr. $ 34,087
Date Acq./Constr. 2005
Hilton New Orleans St. Charles | Hotel properties  
Initial costs  
Land $ 3,698
Bldg. and Impr 53,578
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 6,841
Gross Amount at year end  
Land 3,698
Bldg. and Impr 60,419
Totals 64,117
Accum. Depr. $ 3,294
Date Acq./Constr. 2013
Hilton North Houston | Hotel properties  
Initial costs  
Land $ 6,184
Bldg. and Impr 35,628
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 23,898
Gross Amount at year end  
Land 6,184
Bldg. and Impr 59,526
Totals 65,710
Accum. Depr. $ 22,279
Date Acq./Constr. 2002
Hilton San Diego Bayfront | Hotel properties  
REAL ESTATE AND ACCUMULATED DEPRECIATION  
Encmbr $ 225,407
Initial costs  
Bldg. and Impr 424,992
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 9,591
Gross Amount at year end  
Bldg. and Impr 434,583
Totals 434,583
Accum. Depr. $ 37,731
Date Acq./Constr. 2011
Hilton Times Square | Hotel properties  
REAL ESTATE AND ACCUMULATED DEPRECIATION  
Encmbr $ 84,994
Initial costs  
Bldg. and Impr 221,488
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 25,131
Gross Amount at year end  
Bldg. and Impr 246,619
Totals 246,619
Accum. Depr. $ 80,578
Date Acq./Constr. 2006
Hilton Garden Inn Chicago Downtown/Magnificent Mile | Hotel properties  
Initial costs  
Land $ 14,040
Bldg. and Impr 66,350
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 7,997
Gross Amount at year end  
Land 14,040
Bldg. and Impr 74,347
Totals 88,387
Accum. Depr. $ 5,353
Date Acq./Constr. 2012
Hyatt Chicago Magnificent Mile | Hotel properties  
Initial costs  
Bldg. and Impr $ 91,964
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 16,942
Gross Amount at year end  
Bldg. and Impr 108,906
Totals 108,906
Accum. Depr. $ 13,471
Date Acq./Constr. 2012
Hyatt Regency Newport Beach | Hotel properties  
Initial costs  
Bldg. and Impr $ 30,549
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 26,743
Gross Amount at year end  
Bldg. and Impr 57,292
Totals 57,292
Accum. Depr. $ 19,875
Date Acq./Constr. 2002
Hyatt Regency San Francisco | Hotel properties  
Initial costs  
Land $ 116,140
Bldg. and Impr 131,430
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 19,313
Gross Amount at year end  
Land 116,140
Bldg. and Impr 150,743
Totals 266,883
Accum. Depr. $ 14,749
Date Acq./Constr. 2013
JW Marriott New Orleans | Hotel properties  
REAL ESTATE AND ACCUMULATED DEPRECIATION  
Encmbr $ 88,508
Initial costs  
Bldg. and Impr 73,420
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 8,480
Gross Amount at year end  
Bldg. and Impr 81,900
Totals 81,900
Accum. Depr. $ 11,088
Date Acq./Constr. 2011
Marriott Boston Long Wharf | Hotel properties  
REAL ESTATE AND ACCUMULATED DEPRECIATION  
Encmbr $ 176,000
Initial costs  
Land 51,598
Bldg. and Impr 170,238
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 37,718
Gross Amount at year end  
Land 51,598
Bldg. and Impr 207,956
Totals 259,554
Accum. Depr. $ 60,889
Date Acq./Constr. 2007
Marriott Houston | Hotel properties  
Initial costs  
Land $ 4,167
Bldg. and Impr 19,155
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 15,171
Gross Amount at year end  
Land 4,167
Bldg. and Impr 34,326
Totals 38,493
Accum. Depr. $ 12,501
Date Acq./Constr. 2002
Marriott Park City | Hotel properties  
Initial costs  
Land $ 2,260
Bldg. and Impr 17,778
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 15,331
Gross Amount at year end  
Land 2,260
Bldg. and Impr 33,109
Totals 35,369
Accum. Depr. $ 13,278
Date Acq./Constr. 1999
Marriott Philadelphia | Hotel properties  
Initial costs  
Land $ 3,297
Bldg. and Impr 29,710
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 10,566
Gross Amount at year end  
Land 3,297
Bldg. and Impr 40,276
Totals 43,573
Accum. Depr. $ 16,042
Date Acq./Constr. 2002
Marriott Portland | Hotel properties  
Initial costs  
Land $ 5,341
Bldg. and Impr 20,705
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 7,047
Gross Amount at year end  
Land 5,341
Bldg. and Impr 27,752
Totals 33,093
Accum. Depr. $ 12,575
Date Acq./Constr. 2000
Marriott Quincy | Hotel properties  
Initial costs  
Land $ 14,375
Bldg. and Impr 97,875
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 6,099
Gross Amount at year end  
Land 14,375
Bldg. and Impr 103,974
Totals 118,349
Accum. Depr. $ 30,735
Date Acq./Constr. 2007
Marriott Tysons Corner | Hotel properties  
Initial costs  
Land $ 3,897
Bldg. and Impr 43,528
Cost Capitalized Subsequent to Acquisition  
Land (250)
Bldg. and Impr 16,336
Gross Amount at year end  
Land 3,647
Bldg. and Impr 59,864
Totals 63,511
Accum. Depr. $ 24,363
Date Acq./Constr. 2002
Wailea Beach Marriott Resort & Spa | Hotel properties  
Initial costs  
Land $ 119,707
Bldg. and Impr 194,137
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 140
Gross Amount at year end  
Land 119,707
Bldg. and Impr 194,277
Totals 313,984
Accum. Depr. $ 8,345
Date Acq./Constr. 2014
Renaissance Harborplace | Hotel properties  
Initial costs  
Land $ 25,085
Bldg. and Impr 102,707
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 22,689
Gross Amount at year end  
Land 25,085
Bldg. and Impr 125,396
Totals 150,481
Accum. Depr. $ 42,779
Date Acq./Constr. 2005
Renaissance Los Angeles Airport | Hotel properties  
Initial costs  
Land $ 7,800
Bldg. and Impr 52,506
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 7,029
Gross Amount at year end  
Land 7,800
Bldg. and Impr 59,535
Totals 67,335
Accum. Depr. $ 17,663
Date Acq./Constr. 2007
Renaissance Long Beach | Hotel properties  
Initial costs  
Land $ 10,437
Bldg. and Impr 37,300
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 18,902
Gross Amount at year end  
Land 10,437
Bldg. and Impr 56,202
Totals 66,639
Accum. Depr. $ 17,750
Date Acq./Constr. 2005
Renaissance Orlando at SeaWorld | Hotel properties  
REAL ESTATE AND ACCUMULATED DEPRECIATION  
Encmbr $ 73,615
Initial costs  
Bldg. and Impr 119,733
Cost Capitalized Subsequent to Acquisition  
Land 30,716
Bldg. and Impr 35,735
Gross Amount at year end  
Land 30,716
Bldg. and Impr 155,468
Totals 186,184
Accum. Depr. $ 52,219
Date Acq./Constr. 2005
Renaissance Washington DC | Hotel properties  
REAL ESTATE AND ACCUMULATED DEPRECIATION  
Encmbr $ 121,919
Initial costs  
Land 14,563
Bldg. and Impr 132,800
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 43,062
Gross Amount at year end  
Land 14,563
Bldg. and Impr 175,862
Totals 190,425
Accum. Depr. $ 57,211
Date Acq./Constr. 2005
Renaissance Westchester | Hotel properties  
Initial costs  
Land $ 5,751
Bldg. and Impr 17,069
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 19,100
Gross Amount at year end  
Land 5,751
Bldg. and Impr 36,169
Totals 41,920
Accum. Depr. $ 6,851
Date Acq./Constr. 2010
Sheraton Cerritos | Hotel properties  
Initial costs  
Bldg. and Impr $ 24,737
Cost Capitalized Subsequent to Acquisition  
Bldg. and Impr 7,763
Gross Amount at year end  
Bldg. and Impr 32,500
Totals 32,500
Accum. Depr. $ 10,849
Date Acq./Constr. 2005
Land | Investments in other Real Estate  
Initial costs  
Land $ 4,500
Cost Capitalized Subsequent to Acquisition  
Land (4,312)
Gross Amount at year end  
Land 188
Totals $ 188
Date Acq./Constr. 1999
Senior corporate credit facility  
Gross Amount at year end  
Outstanding indebtedness under credit facility $ 0