Organization and Description of Business (Tables)

6 Months Ended

Jun. 30, 2020

Organization and Description of Business

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

As of June 30, 2020, the Company had interests in 20 hotels (the “20 Hotels”), one of which was considered held for sale, leaving 19 hotels (the “19 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	(1)
Highgate Hotels L.P. and an affiliate	3
Crestline Hotels & Resorts	2
Hilton Worldwide	2
Interstate Hotels & Resorts, Inc.	2
Davidson Hotels & Resorts	1
Hyatt Corporation	1
Singh Hospitality, LLC	1
Total hotels owned as of June 30, 2020	20

(1) The Renaissance Harborplace was considered held for sale as of June 30, 2020, and subsequently sold on July 7, 2020 (see Note 13).

Schedule of hotels whose operations have been temporarily suspended due to COVID-19

In response to the COVID-19 pandemic, the Company temporarily suspended operations at the following 15 hotels during the six months ended June 30, 2020, six of which have since resumed operations:

Hotel	Suspension Date	Resumption Date
Marriott Boston Long Wharf	March 12, 2020	July 7, 2020
Renaissance Orlando at SeaWorld®	March 20, 2020
Hyatt Regency San Francisco	March 22, 2020
Oceans Edge Resort & Marina	March 22, 2020	June 4, 2020
Hilton San Diego Bayfront	March 23, 2020
Wailea Beach Resort	March 25, 2020
Renaissance Washington DC	March 26, 2020
Hilton Garden Inn Chicago Downtown/Magnificent Mile	March 27, 2020
Marriott Portland	March 27, 2020
Hilton New Orleans St. Charles	March 28, 2020	July 13, 2020
JW Marriott New Orleans	March 28, 2020	July 14, 2020
Embassy Suites Chicago	April 1, 2020	July 1, 2020
Renaissance Westchester	April 4, 2020
Hyatt Centric Chicago Magnificent Mile	April 6, 2020	July 13, 2020
Hilton Times Square	June 30, 2020