Organization and Description of Business (Tables)

9 Months Ended

Sep. 30, 2017

Organization and Description of Business

Schedule of number of hotels managed by each third-party manager

As of September 30, 2017, the Company had interests in 27 hotels (the “27 hotels”), and the Company’s third-party managers included the following:

	Number of Hotels
Subsidiaries of Marriott International, Inc. or Marriott Hotel Services, Inc. (collectively, “Marriott”)	11
Interstate Hotels & Resorts, Inc.	4
Highgate Hotels L.P. and an affiliate	3
Crestline Hotels & Resorts	2
Hilton Worldwide	2
Hyatt Corporation	2
Davidson Hotels & Resorts	1
HEI Hotels & Resorts	1
Singh Hospitality, LLC	1
Total hotels held for investment	27