Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2021

Commitments and Contingencies

Schedule of basic and incentive management fees

Total basic and incentive management fees incurred by the Company during the three and six months ended June 30, 2021 and 2020 were included in other property-level expenses on the Company’s consolidated statements of operations as follows (unaudited and in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Basic management fees	$	3,073	$	164	$	4,376	$	5,555
Incentive management fees		—		—		—		—
Total basic and incentive management fees	$	3,073	$	164	$	4,376	$	5,555

Schedule of license and franchise costs

Total license and franchise fees incurred by the Company during the three and six months ended June 30, 2021 and 2020 were included in franchise costs on the Company’s consolidated statements of operations as follows (unaudited and in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Franchise assessments (1)	$	1,852	$	376	$	2,720	$	4,794
Franchise royalties (2)		444		(38)		567		880
Total franchise costs	$	2,296	$	338	$	3,287	$	5,674

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

(2) Includes key money received from one of the Company’s franchisors, which the Company is amortizing over the term of the hotel’s franchise agreement.

Schedule of hotel geographic concentration of risk

As of June 30, 2021, 13 of the 18 Hotels were geographically concentrated as follows (unaudited):

				Trailing 12-Month
		Percentage of		Total
	Number of Hotels	Total Rooms		Consolidated Revenue
California	5	31	%	34	%
Florida	2	10	%	16	%
Hawaii	1	6	%	21	%
Illinois	3	13	%	5	%
Massachusetts	2	16	%	11	%