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Related Party Transactions and Arrangements (Tables)
3 Months Ended
Mar. 31, 2017
Schedule of Related Party Transactions

The following table details revenues from related parties at the Viceroy Hotel. The Company did not have any receivables from related parties as of March 31, 2017 or December 31, 2016.

 

     Three Months Ended March 31,  

(In thousands)

   2017      2016  

Hotel revenues

   $ 3      $ 13  
  

 

 

    

 

 

 
Winthrop Advisor and its Affiliates [Member]  
Schedule of Amount Incurred and Paid in Connection With Operation Related Services

The following table details amounts incurred by the Company to the Winthrop Advisor and its affiliates in connection with the operations related services described above for the periods presented and any amounts payable to or due from the Winthrop Advisor as of the dates specified:

 

     Three Months Ended March 31,      Payable (Receivable) as of  
     2017      2016      March 31,      December 31,  

(In thousands)

   Incurred      Incurred      2017      2016  

Asset management fees

   $ 1,667      $ —        $ —        $ —    

Property management fees

     46        —          46     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total related party operational fees and reimbursements

   $ 1,713      $ —        $ 46      $ —    
  

 

 

    

 

 

    

 

 

    

 

 

 
Former Advisor and its Affiliates [Member]  
Schedule of Amount Incurred and Paid in Connection With Operation Related Services

The following table details amounts incurred and paid by the Company to, and amounts waived by, the Former Advisor and its affiliates in connection with the operations related services described above for the periods presented and any amounts payable to or due from the Former Advisor as of the dates specified:

 

     Three Months Ended March 31,      Payable (Receivable) as of  
     2017      2016      March 31,      December 31,  

(In thousands)

   Incurred      Waived      Incurred      Waived      2017      2016  

To the Former Advisor and affiliates:

                 

Asset management fees

   $ 2,339      $ —        $ 3,074      $ —        $ —        $ 51  

Transfer agent and other professional fees

     414        —          693        —          —          299  

Property management fees

     560        —          485        485        —          105  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total related party operational fees and reimbursements

   $ 3,313      $ —        $ 4,252      $ 485      $ —        $ 455