Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2020

Commitments and Contingencies Disclosure [Abstract]

Schedule of Hotels Subject to Leases

As of September 30, 2020, the following hotels were subject to leases as follows:

Lease Properties	Lease Type	Lease Expiration Date
Hotel Monaco Washington DC	Operating lease	November 2059
Argonaut Hotel	Operating lease	December 2059
Hotel Zelos San Francisco	Operating lease	June 2097
Hotel Zephyr Fisherman's Wharf	Operating lease	February 2062
Hotel Palomar Los Angeles Beverly Hills	Operating lease	January 2107	(1)
Restaurant at Southernmost Beach Resort	Operating lease	April 2029
Hyatt Regency Boston Harbor	Operating lease	April 2077
San Diego Mission Bay Resort	Operating lease	July 2068
Paradise Point Resort & Spa	Operating lease	May 2050
Hotel Vitale	Operating lease	March 2056	(2)
Viceroy Santa Monica Hotel	Operating lease	September 2065
The Westin Copley Place, Boston	Operating lease	December 2077	(3)
The Liberty, A Luxury Collection Hotel, Boston	Operating lease	May 2080
Hotel Zeppelin San Francisco	Operating and capital lease	June 2059	(4)
Harbor Court Hotel San Francisco	Capital lease	August 2052
The Roger New York	Capital lease	December 2044

(1) The expiration date assumes the exercise of all 19 five-year extension options.

(2) The Company has the option, subject to certain terms and conditions, to extend the ground lease for 14 years to 2070.

(3) No payments are required through maturity.

(4) The Company has an option, subject to certain terms and conditions, to extend the ground lease for 30 years to 2089.

Lease, Cost

The components of ground rent expense for the three and nine months ended September 30, 2020 and 2019 are as follows (in thousands):

	For the three months ended September 30,				For the nine months ended September 30,
	2020		2019		2020		2019
Fixed ground rent	$	4,314	$	4,262	$	12,907	$	12,786
Variable ground rent	1,072		4,651		3,816		11,534
Total ground lease rent	$	5,386	$	8,913	$	16,723	$	24,320