Organization and Description of Business (Tables)

9 Months Ended

Sep. 30, 2019

Organization and Description of Business

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

As of September 30, 2019, the Company had interests in 21 hotels (the “21 Hotels”), one of which was considered held for sale, leaving 20 hotels (the “20 Hotels”) currently held for investment. The Company’s third-party managers included the following:

	Number of Hotels
Subsidiaries of Marriott International, Inc. or Marriott Hotel Services, Inc. (collectively, “Marriott”)	8
Interstate Hotels & Resorts, Inc.	3	(1)
Highgate Hotels L.P. and an affiliate	3
Crestline Hotels & Resorts	2
Hilton Worldwide	2
Davidson Hotels & Resorts	1
Hyatt Corporation	1
Singh Hospitality, LLC	1
Total hotels owned as of September 30, 2019	21

(1) The Courtyard by Marriott Los Angeles was considered held for sale as of September 30, 2019, and subsequently sold on October 23, 2019.