XML 41 R30.htm IDEA: XBRL DOCUMENT v3.19.2
Investment in Real Estate (Details) - Outstanding Contracts - Hotels Under Contract [Member]
$ in Thousands
6 Months Ended
Jun. 30, 2019
USD ($)
Investment in Real Estate (Details) - Outstanding Contracts [Line Items]  
Rooms 660
Refundable Deposits $ 1,309
Gross Purchase Price $ 159,185
Hampton and Home2 Suites Cape Canaveral, FL [Member]  
Investment in Real Estate (Details) - Outstanding Contracts [Line Items]  
Date of Purchase Contract Apr. 11, 2018
Rooms 224 [1],[2]
Refundable Deposits $ 3
Gross Purchase Price $ 46,704
Hyatt House and Hyatt Place Tempe, AZ [Member]  
Investment in Real Estate (Details) - Outstanding Contracts [Line Items]  
Date of Purchase Contract Jun. 13, 2018
Rooms 254 [1],[3]
Refundable Deposits $ 720
Gross Purchase Price $ 63,341
Courtyard Denver, CO [Member]  
Investment in Real Estate (Details) - Outstanding Contracts [Line Items]  
Date of Purchase Contract Apr. 05, 2019
Rooms 182 [1]
Refundable Deposits $ 586
Gross Purchase Price $ 49,140
[1] These hotels are currently under development. The table shows the expected number of rooms upon hotel completion and the expected franchise brands. Assuming all conditions to closing are met, the purchases of these hotels are expected to occur over the next 12 to 24 months from June 30, 2019. If the seller meets all of the conditions to closing, the Company is obligated to specifically perform under the contract. As the properties are under development, at this time, the seller has not met all of the conditions to closing.
[2] These hotels are part of an adjoining combined 224-room, dual-branded complex that will be located on the same site.
[3]

These hotels are part of an adjoining combined 254-room, dual-branded complex that will be located on the same site.