Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2019

Commitments and Contingencies

Schedule of basic and incentive management fees

Total basic and incentive management fees incurred by the Company during the three and nine months ended September 30, 2019 and 2018 were included in other property-level expenses on the Company’s consolidated statements of operations as follows (unaudited and in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Basic management fees	$	7,767	$	7,879	$	23,404	$	24,225
Incentive management fees		511		1,339		6,041		6,187
Total basic and incentive management fees	$	8,278	$	9,218	$	29,445	$	30,412

Schedule of license and franchise costs

Total license and franchise fees incurred by the Company during the three and nine months ended September 30, 2019 and 2018 were included in franchise costs on the Company’s consolidated statements of operations as follows (unaudited and in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Franchise assessments (1)	$	6,391	$	6,501	$	18,005	$	19,633
Franchise royalties		2,215		2,666		6,019		7,348
Total franchise costs	$	8,606	$	9,167	$	24,024	$	26,981

(1) Includes advertising, reservation and frequent guest program assessments.

Schedule of hotel geographic concentration of risk

As of September 30, 2019, 15 of the 20 Hotels were geographically concentrated as follows (unaudited):

				Trailing 12-Month
		Percentage of		Total
	Number of Hotels	Total Rooms		Consolidated Revenue
California	5	30	%	33	%
Florida	2	9	%	10	%
Greater Washington DC area	2	13	%	11	%
Hawaii	1	5	%	11	%
Illinois	3	11	%	7	%
Massachusetts	2	14	%	15	%