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Schedule III - Real Estate and Accumulated Depreciation (Details) - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Initial Cost        
Land   $ 181,103    
Building & Improvements   1,363,945    
Cost Capitalized Subsequent to Acquisition   138,755    
Total Cost        
Land $ 179,988      
Building & Improvements 1,503,815      
Total 1,683,803 1,527,569 $ 1,349,088 $ 901,207
Accumulated Depreciation (212,207) (179,455) $ (173,149) $ (146,207)
Total Cost Net of Accumulated Depreciation 1,471,596      
Debt 367,096      
Land parcels        
Initial Cost        
Land   6,675    
Cost Capitalized Subsequent to Acquisition   (1,115)    
Total Cost        
Land 5,560      
Total 5,560      
Total Cost Net of Accumulated Depreciation 5,560      
Arlington, TX | Courtyard by Marriott        
Initial Cost        
Land 1,497      
Building & Improvements 13,503      
Cost Capitalized Subsequent to Acquisition 1,451      
Total Cost        
Land 1,497      
Building & Improvements 14,954      
Total 16,451      
Accumulated Depreciation (1,688)      
Total Cost Net of Accumulated Depreciation 14,763      
Arlington, TX | Hyatt Place        
Initial Cost        
Land 650      
Building & Improvements 8,405      
Cost Capitalized Subsequent to Acquisition 1,535      
Total Cost        
Land 650      
Building & Improvements 9,940      
Total 10,590      
Accumulated Depreciation (2,165)      
Total Cost Net of Accumulated Depreciation 8,425      
Debt 27,991      
Arlington, TX | Residence Inn        
Initial Cost        
Land 1,646      
Building & Improvements 13,854      
Cost Capitalized Subsequent to Acquisition 908      
Total Cost        
Land 1,646      
Building & Improvements 14,762      
Total 16,408      
Accumulated Depreciation (1,845)      
Total Cost Net of Accumulated Depreciation 14,563      
Asheville, NC | Hotel Indigo        
Initial Cost        
Land 2,100      
Building & Improvements 32,783      
Cost Capitalized Subsequent to Acquisition 89      
Total Cost        
Land 2,100      
Building & Improvements 32,872      
Total 34,972      
Accumulated Depreciation (1,195)      
Total Cost Net of Accumulated Depreciation 33,777      
Atlanta, GA | Courtyard by Marriott        
Initial Cost        
Land 2,050      
Building & Improvements 26,850      
Cost Capitalized Subsequent to Acquisition 594      
Total Cost        
Land 2,050      
Building & Improvements 27,444      
Total 29,494      
Accumulated Depreciation (3,904)      
Total Cost Net of Accumulated Depreciation 25,590      
Atlanta, GA | Hyatt Place        
Initial Cost        
Land 1,154      
Building & Improvements 9,605      
Cost Capitalized Subsequent to Acquisition 2,555      
Total Cost        
Land 1,154      
Building & Improvements 12,160      
Total 13,314      
Accumulated Depreciation (3,228)      
Total Cost Net of Accumulated Depreciation 10,086      
Debt 6,852      
Atlanta (Decatur), GA | Courtyard by Marriott        
Initial Cost        
Land 4,046      
Building & Improvements 33,795      
Cost Capitalized Subsequent to Acquisition 23      
Total Cost        
Land 4,046      
Building & Improvements 33,818      
Total 37,864      
Accumulated Depreciation (254)      
Total Cost Net of Accumulated Depreciation 37,610      
Austin, TX | Hampton Inn and Suites        
Initial Cost        
Building & Improvements 53,760      
Cost Capitalized Subsequent to Acquisition 2,072      
Total Cost        
Building & Improvements 55,832      
Total 55,832      
Accumulated Depreciation (1,998)      
Total Cost Net of Accumulated Depreciation 53,834      
Austin, TX | Corporate Office        
Initial Cost        
Building & Improvements   210    
Cost Capitalized Subsequent to Acquisition   1,531    
Total Cost        
Building & Improvements 1,741      
Total 1,741      
Accumulated Depreciation (306)      
Total Cost Net of Accumulated Depreciation 1,435      
Baltimore, MD | Hyatt Place        
Initial Cost        
Land 2,100      
Building & Improvements 8,135      
Cost Capitalized Subsequent to Acquisition 1,581      
Total Cost        
Land 2,100      
Building & Improvements 9,716      
Total 11,816      
Accumulated Depreciation (1,756)      
Total Cost Net of Accumulated Depreciation 10,060      
Debt 21,683      
Baltimore (Hunt Valley), MD | Residence Inn        
Initial Cost        
Building & Improvements 34,350      
Cost Capitalized Subsequent to Acquisition 233      
Total Cost        
Building & Improvements 34,583      
Total 34,583      
Accumulated Depreciation (1,153)      
Total Cost Net of Accumulated Depreciation 33,430      
Bellevue, WA | Fairfield Inn and Suites        
Initial Cost        
Land 2,705      
Building & Improvements 12,944      
Cost Capitalized Subsequent to Acquisition 3,174      
Total Cost        
Land 2,705      
Building & Improvements 16,118      
Total 18,823      
Accumulated Depreciation (5,915)      
Total Cost Net of Accumulated Depreciation 12,908      
Birmingham Liberty Park, AL | Hilton Garden Inn        
Initial Cost        
Land 1,400      
Building & Improvements 10,100      
Cost Capitalized Subsequent to Acquisition 1,836      
Total Cost        
Land 1,400      
Building & Improvements 11,936      
Total 13,336      
Accumulated Depreciation (1,511)      
Total Cost Net of Accumulated Depreciation 11,825      
Debt 6,041      
Birmingham Lakeshore, AL | Hilton Garden Inn        
Initial Cost        
Land 1,400      
Building & Improvements 7,225      
Cost Capitalized Subsequent to Acquisition 1,818      
Total Cost        
Land 1,400      
Building & Improvements 9,043      
Total 10,443      
Accumulated Depreciation (2,009)      
Total Cost Net of Accumulated Depreciation 8,434      
Debt 5,160      
Bloomington, MN | Hampton Inn and Suites        
Initial Cost        
Land 1,658      
Building & Improvements 14,596      
Cost Capitalized Subsequent to Acquisition 654      
Total Cost        
Land 1,658      
Building & Improvements 15,250      
Total 16,908      
Accumulated Depreciation (3,671)      
Total Cost Net of Accumulated Depreciation 13,237      
Bloomington, MN | SpringHill Suites        
Initial Cost        
Land 1,658      
Building & Improvements 14,071      
Cost Capitalized Subsequent to Acquisition 731      
Total Cost        
Land 1,658      
Building & Improvements 14,802      
Total 16,460      
Accumulated Depreciation (3,505)      
Total Cost Net of Accumulated Depreciation 12,955      
Debt 13,467      
Boston (Norwood), MA | Hampton Inn        
Initial Cost        
Land 2,000      
Building & Improvements 22,000      
Cost Capitalized Subsequent to Acquisition 48      
Total Cost        
Land 2,000      
Building & Improvements 22,048      
Total 24,048      
Accumulated Depreciation (1,049)      
Total Cost Net of Accumulated Depreciation 22,999      
Branchburg, NJ | Residence Inn        
Initial Cost        
Land 2,374      
Building & Improvements 23,326      
Cost Capitalized Subsequent to Acquisition 244      
Total Cost        
Land 2,374      
Building & Improvements 23,570      
Total 25,944      
Accumulated Depreciation (869)      
Total Cost Net of Accumulated Depreciation 25,075      
Charleston, WV | Country Inn and Suites        
Initial Cost        
Land 1,042      
Building & Improvements 3,489      
Cost Capitalized Subsequent to Acquisition 1,594      
Total Cost        
Land 1,042      
Building & Improvements 5,083      
Total 6,125      
Accumulated Depreciation (1,822)      
Total Cost Net of Accumulated Depreciation 4,303      
Charleston, WV | Holiday Inn Express        
Initial Cost        
Land 907      
Building & Improvements 2,903      
Cost Capitalized Subsequent to Acquisition 2,149      
Total Cost        
Land 907      
Building & Improvements 5,052      
Total 5,959      
Accumulated Depreciation (2,058)      
Total Cost Net of Accumulated Depreciation 3,901      
Denver, CO | Fairfield Inn and Suites        
Initial Cost        
Land 1,566      
Building & Improvements 6,783      
Cost Capitalized Subsequent to Acquisition 3,607      
Total Cost        
Land 1,566      
Building & Improvements 10,390      
Total 11,956      
Accumulated Depreciation (3,766)      
Total Cost Net of Accumulated Depreciation 8,190      
Denver, CO | Hyatt House        
Initial Cost        
Land 2,700      
Building & Improvements 10,780      
Cost Capitalized Subsequent to Acquisition 5,250      
Total Cost        
Land 2,700      
Building & Improvements 16,030      
Total 18,730      
Accumulated Depreciation (2,269)      
Total Cost Net of Accumulated Depreciation 16,461      
Denver, CO | SpringHill Suites        
Initial Cost        
Land 1,076      
Building & Improvements 11,079      
Cost Capitalized Subsequent to Acquisition (1,482)      
Total Cost        
Land 1,076      
Building & Improvements 9,597      
Total 10,673      
Accumulated Depreciation (1,918)      
Total Cost Net of Accumulated Depreciation 8,755      
Debt 5,852      
Denver (Englewood), CO | Hyatt Place        
Initial Cost        
Land 2,000      
Building & Improvements 9,515      
Cost Capitalized Subsequent to Acquisition 2,417      
Total Cost        
Land 2,000      
Building & Improvements 11,932      
Total 13,932      
Accumulated Depreciation (2,289)      
Total Cost Net of Accumulated Depreciation 11,643      
Denver (Lone Tree), CO | Hyatt Place        
Initial Cost        
Land 1,300      
Building & Improvements 9,230      
Cost Capitalized Subsequent to Acquisition 2,453      
Total Cost        
Land 1,300      
Building & Improvements 11,683      
Total 12,983      
Accumulated Depreciation (2,350)      
Total Cost Net of Accumulated Depreciation 10,633      
Duluth, GA | Hilton Garden Inn        
Initial Cost        
Land 2,200      
Building & Improvements 11,150      
Cost Capitalized Subsequent to Acquisition 1,307      
Total Cost        
Land 2,200      
Building & Improvements 12,457      
Total 14,657      
Accumulated Depreciation (2,502)      
Total Cost Net of Accumulated Depreciation 12,155      
Debt 122,825      
Duluth, GA | Holiday Inn        
Initial Cost        
Building & Improvements 7,000      
Cost Capitalized Subsequent to Acquisition 437      
Total Cost        
Building & Improvements 7,437      
Total 7,437      
Accumulated Depreciation (1,614)      
Total Cost Net of Accumulated Depreciation 5,823      
Minneapolis (Eden Prairie), MN | Hilton Garden Inn        
Initial Cost        
Land 1,800      
Building & Improvements 8,400      
Cost Capitalized Subsequent to Acquisition 2,628      
Total Cost        
Land 1,800      
Building & Improvements 11,028      
Total 12,828      
Accumulated Depreciation (1,364)      
Total Cost Net of Accumulated Depreciation 11,464      
El Paso, TX | Courtyard by Marriott        
Initial Cost        
Land 1,640      
Building & Improvements 10,710      
Cost Capitalized Subsequent to Acquisition 897      
Total Cost        
Land 1,640      
Building & Improvements 11,607      
Total 13,247      
Accumulated Depreciation (1,911)      
Total Cost Net of Accumulated Depreciation 11,336      
Ft. Collins, CO | Hampton Inn        
Initial Cost        
Land 738      
Building & Improvements 4,363      
Cost Capitalized Subsequent to Acquisition 1,725      
Total Cost        
Land 738      
Building & Improvements 6,088      
Total 6,826      
Accumulated Depreciation (1,985)      
Total Cost Net of Accumulated Depreciation 4,841      
Ft. Collins, CO | Hilton Garden Inn        
Initial Cost        
Land   1,300    
Building & Improvements   11,804    
Cost Capitalized Subsequent to Acquisition   (560)    
Total Cost        
Land 1,300      
Building & Improvements 11,244      
Total 12,544      
Accumulated Depreciation (1,932)      
Total Cost Net of Accumulated Depreciation 10,612      
Ft. Myers, FL | Hyatt Place        
Initial Cost        
Land   1,878    
Building & Improvements   16,583    
Cost Capitalized Subsequent to Acquisition   (3,830)    
Total Cost        
Land 1,878      
Building & Improvements 12,753      
Total 14,631      
Accumulated Depreciation (2,174)      
Total Cost Net of Accumulated Depreciation 12,457      
Ft. Worth, TX | Hampton Inn        
Initial Cost        
Land   1,500    
Building & Improvements   8,184    
Cost Capitalized Subsequent to Acquisition   1,356    
Total Cost        
Land 1,500      
Building & Improvements 9,540      
Total 11,040      
Accumulated Depreciation (3,093)      
Total Cost Net of Accumulated Depreciation 7,947      
Debt 24,015      
Ft. Worth, TX | Hilton Garden Inn        
Initial Cost        
Land   903    
Building & Improvements   6,226    
Cost Capitalized Subsequent to Acquisition   3,340    
Total Cost        
Land 903      
Building & Improvements 9,566      
Total 10,469      
Accumulated Depreciation (1,612)      
Total Cost Net of Accumulated Depreciation 8,857      
Ft. Worth, TX | SpringHill Suites        
Initial Cost        
Land   553    
Building & Improvements   2,698    
Cost Capitalized Subsequent to Acquisition   2,849    
Total Cost        
Land 553      
Building & Improvements 5,547      
Total 6,100      
Accumulated Depreciation (2,123)      
Total Cost Net of Accumulated Depreciation 3,977      
Garden City, NY | Hyatt Place        
Initial Cost        
Land   4,200    
Building & Improvements   26,800    
Cost Capitalized Subsequent to Acquisition   997    
Total Cost        
Land 4,200      
Building & Improvements 27,797      
Total 31,997      
Accumulated Depreciation (2,704)      
Total Cost Net of Accumulated Depreciation 29,293      
Germantown, TN | Courtyard by Marriott        
Initial Cost        
Land   1,860    
Building & Improvements   5,448    
Cost Capitalized Subsequent to Acquisition   2,490    
Total Cost        
Land 1,860      
Building & Improvements 7,938      
Total 9,798      
Accumulated Depreciation (2,822)      
Total Cost Net of Accumulated Depreciation 6,976      
Germantown, TN | Fairfield Inn and Suites        
Initial Cost        
Land   767    
Building & Improvements   2,700    
Cost Capitalized Subsequent to Acquisition   2,188    
Total Cost        
Land 767      
Building & Improvements 4,888      
Total 5,655      
Accumulated Depreciation (1,221)      
Total Cost Net of Accumulated Depreciation 4,434      
Germantown, TN | Residence Inn        
Initial Cost        
Land   1,083    
Building & Improvements   5,200    
Cost Capitalized Subsequent to Acquisition   2,337    
Total Cost        
Land 1,083      
Building & Improvements 7,537      
Total 8,620      
Accumulated Depreciation (2,107)      
Total Cost Net of Accumulated Depreciation 6,513      
Glendale, CO | Staybridge Suites        
Initial Cost        
Land   2,100    
Building & Improvements   7,900    
Cost Capitalized Subsequent to Acquisition   1,693    
Total Cost        
Land 2,100      
Building & Improvements 9,593      
Total 11,693      
Accumulated Depreciation (2,193)      
Total Cost Net of Accumulated Depreciation 9,500      
Greenville, SC | Hilton Garden Inn        
Initial Cost        
Land   1,200    
Building & Improvements   14,050    
Cost Capitalized Subsequent to Acquisition   217    
Total Cost        
Land 1,200      
Building & Improvements 14,267      
Total 15,467      
Accumulated Depreciation (1,490)      
Total Cost Net of Accumulated Depreciation 13,977      
Chicago (Hoffman Estates), IL | Hyatt Place        
Initial Cost        
Land   1,900    
Building & Improvements   7,330    
Cost Capitalized Subsequent to Acquisition   1,533    
Total Cost        
Land 1,900      
Building & Improvements 8,863      
Total 10,763      
Accumulated Depreciation (1,587)      
Total Cost Net of Accumulated Depreciation 9,176      
Debt 21,022      
Houston (Energy Corridor), TX | Hilton Garden Inn        
Initial Cost        
Building & Improvements   38,492    
Cost Capitalized Subsequent to Acquisition   3,221    
Total Cost        
Building & Improvements 41,713      
Total 41,713      
Accumulated Depreciation (3,179)      
Total Cost Net of Accumulated Depreciation 38,534      
Debt 17,179      
Houston, TX | Hilton Garden Inn        
Initial Cost        
Land   2,800    
Building & Improvements   33,200    
Cost Capitalized Subsequent to Acquisition   111    
Total Cost        
Land 2,800      
Building & Improvements 33,311      
Total 36,111      
Accumulated Depreciation (1,327)      
Total Cost Net of Accumulated Depreciation 34,784      
Indianapolis, IN | Courtyard by Marriott        
Initial Cost        
Land   7,788    
Building & Improvements   50,846    
Cost Capitalized Subsequent to Acquisition   186    
Total Cost        
Land 7,788      
Building & Improvements 51,032      
Total 58,820      
Accumulated Depreciation (4,886)      
Total Cost Net of Accumulated Depreciation 53,934      
Indianapolis, IN | SpringHill Suites        
Initial Cost        
Land   4,012    
Building & Improvements   26,193    
Cost Capitalized Subsequent to Acquisition   62    
Total Cost        
Land 4,012      
Building & Improvements 26,255      
Total 30,267      
Accumulated Depreciation (2,513)      
Total Cost Net of Accumulated Depreciation 27,754      
Jackson, MS | Courtyard by Marriott        
Initial Cost        
Land   1,301    
Building & Improvements   7,322    
Cost Capitalized Subsequent to Acquisition   2,456    
Total Cost        
Land 1,301      
Building & Improvements 9,778      
Total 11,079      
Accumulated Depreciation (3,737)      
Total Cost Net of Accumulated Depreciation 7,342      
Jackson, MS | Staybridge Suites        
Initial Cost        
Land   698    
Building & Improvements   8,454    
Cost Capitalized Subsequent to Acquisition   2,333    
Total Cost        
Land 698      
Building & Improvements 10,787      
Total 11,485      
Accumulated Depreciation (3,050)      
Total Cost Net of Accumulated Depreciation 8,435      
Jacksonville, FL | Aloft        
Initial Cost        
Land   1,700    
Building & Improvements   15,775    
Cost Capitalized Subsequent to Acquisition   338    
Total Cost        
Land 1,700      
Building & Improvements 16,113      
Total 17,813      
Accumulated Depreciation (5,322)      
Total Cost Net of Accumulated Depreciation 12,491      
Las Colinas, TX | Holiday Inn Express and Suites        
Initial Cost        
Land   898    
Building & Improvements   6,689    
Cost Capitalized Subsequent to Acquisition   1,423    
Total Cost        
Land 898      
Building & Improvements 8,112      
Total 9,010      
Accumulated Depreciation (3,416)      
Total Cost Net of Accumulated Depreciation 5,594      
Las Colinas, TX | Hyatt Place        
Initial Cost        
Land   781    
Building & Improvements   5,729    
Cost Capitalized Subsequent to Acquisition   3,053    
Total Cost        
Land 781      
Building & Improvements 8,782      
Total 9,563      
Accumulated Depreciation (3,278)      
Total Cost Net of Accumulated Depreciation 6,285      
Lombard, ILL | Hyatt Place        
Initial Cost        
Land   1,550    
Building & Improvements   15,475    
Cost Capitalized Subsequent to Acquisition   1,846    
Total Cost        
Land 1,550      
Building & Improvements 17,321      
Total 18,871      
Accumulated Depreciation (2,991)      
Total Cost Net of Accumulated Depreciation 15,880      
Louisville, KY | Fairfield Inn and Suites        
Initial Cost        
Land   3,120    
Building & Improvements   21,903    
Cost Capitalized Subsequent to Acquisition   2,129    
Total Cost        
Land 3,120      
Building & Improvements 24,032      
Total 27,152      
Accumulated Depreciation (2,498)      
Total Cost Net of Accumulated Depreciation 24,654      
Debt 37,352      
Louisville, KY | SpringHill Suites        
Initial Cost        
Land   4,880    
Building & Improvements   34,258    
Cost Capitalized Subsequent to Acquisition   2,964    
Total Cost        
Land 4,880      
Building & Improvements 37,222      
Total 42,102      
Accumulated Depreciation (4,081)      
Total Cost Net of Accumulated Depreciation 38,021      
Miami, FL | Hyatt House        
Initial Cost        
Land   4,926    
Building & Improvements   34,074    
Cost Capitalized Subsequent to Acquisition   21    
Total Cost        
Land 4,926      
Building & Improvements 34,095      
Total 39,021      
Accumulated Depreciation (487)      
Total Cost Net of Accumulated Depreciation 38,534      
Minneapolis, MN | Hampton Inn and Suites        
Initial Cost        
Land   3,500    
Building & Improvements   35,339    
Cost Capitalized Subsequent to Acquisition   71    
Total Cost        
Land 3,500      
Building & Improvements 35,410      
Total 38,910      
Accumulated Depreciation (1,223)      
Total Cost Net of Accumulated Depreciation 37,687      
Minneapolis, MN | Hyatt Place        
Initial Cost        
Building & Improvements   32,506    
Cost Capitalized Subsequent to Acquisition   834    
Total Cost        
Building & Improvements 33,340      
Total 33,340      
Accumulated Depreciation (2,624)      
Total Cost Net of Accumulated Depreciation 30,716      
Minneapolis (Minnetonka), MN | Holiday Inn Express and Suites        
Initial Cost        
Land   1,000    
Building & Improvements   5,900    
Cost Capitalized Subsequent to Acquisition   1,729    
Total Cost        
Land 1,000      
Building & Improvements 7,629      
Total 8,629      
Accumulated Depreciation (1,124)      
Total Cost Net of Accumulated Depreciation 7,505      
Nashville, TN | SpringHill Suites        
Initial Cost        
Land   777    
Building & Improvements   3,576    
Cost Capitalized Subsequent to Acquisition   1,907    
Total Cost        
Land 777      
Building & Improvements 5,483      
Total 6,260      
Accumulated Depreciation (2,237)      
Total Cost Net of Accumulated Depreciation 4,023      
New Orleans, LA | Residence Inn        
Initial Cost        
Land   1,790    
Building & Improvements   18,099    
Cost Capitalized Subsequent to Acquisition   1,484    
Total Cost        
Land 1,790      
Building & Improvements 19,583      
Total 21,373      
Accumulated Depreciation (2,436)      
Total Cost Net of Accumulated Depreciation 18,937      
New Orleans, LA | SpringHill Suites        
Initial Cost        
Land   2,046    
Building & Improvements   31,049    
Cost Capitalized Subsequent to Acquisition   1,073    
Total Cost        
Land 2,046      
Building & Improvements 32,122      
Total 34,168      
Accumulated Depreciation (3,629)      
Total Cost Net of Accumulated Depreciation 30,539      
New Orleans (French Quarter), LA | Courtyard by Marriott        
Initial Cost        
Land   1,944    
Building & Improvements   23,739    
Cost Capitalized Subsequent to Acquisition   974    
Total Cost        
Land 1,944      
Building & Improvements 24,713      
Total 26,657      
Accumulated Depreciation (3,446)      
Total Cost Net of Accumulated Depreciation 23,211      
New Orleans (Metairie), LA | Courtyard by Marriott        
Initial Cost        
Land   1,860    
Building & Improvements   21,679    
Cost Capitalized Subsequent to Acquisition   3,310    
Total Cost        
Land 1,860      
Building & Improvements 24,989      
Total 26,849      
Accumulated Depreciation (3,180)      
Total Cost Net of Accumulated Depreciation 23,669      
New Orleans (Convention), LA | Courtyard by Marriott        
Initial Cost        
Land   2,490    
Building & Improvements   28,337    
Cost Capitalized Subsequent to Acquisition   5,772    
Total Cost        
Land 2,490      
Building & Improvements 34,109      
Total 36,599      
Accumulated Depreciation (3,925)      
Total Cost Net of Accumulated Depreciation 32,674      
Orlando (Convention), FL | Hyatt Place        
Initial Cost        
Land   3,100    
Building & Improvements   9,152    
Cost Capitalized Subsequent to Acquisition   2,131    
Total Cost        
Land 3,100      
Building & Improvements 11,283      
Total 14,383      
Accumulated Depreciation (2,664)      
Total Cost Net of Accumulated Depreciation 11,719      
Orlando (Universal), FL | Hyatt Place        
Initial Cost        
Land   5,516    
Building & Improvements   9,043    
Cost Capitalized Subsequent to Acquisition   2,108    
Total Cost        
Land 5,516      
Building & Improvements 11,151      
Total 16,667      
Accumulated Depreciation (2,630)      
Total Cost Net of Accumulated Depreciation 14,037      
Phoenix, AZ | Hyatt Place        
Initial Cost        
Land   582    
Building & Improvements   4,438    
Cost Capitalized Subsequent to Acquisition   195    
Total Cost        
Land 582      
Building & Improvements 4,633      
Total 5,215      
Accumulated Depreciation (868)      
Total Cost Net of Accumulated Depreciation 4,347      
Portland, OR | Hyatt Place        
Initial Cost        
Building & Improvements   16,713    
Cost Capitalized Subsequent to Acquisition   (2,506)    
Total Cost        
Building & Improvements 14,207      
Total 14,207      
Accumulated Depreciation (2,263)      
Total Cost Net of Accumulated Depreciation 11,944      
Portland, OR | Residence Inn        
Initial Cost        
Building & Improvements   16,409    
Cost Capitalized Subsequent to Acquisition   1,356    
Total Cost        
Building & Improvements 17,765      
Total 17,765      
Accumulated Depreciation (4,627)      
Total Cost Net of Accumulated Depreciation 13,138      
Debt 19,112      
Provo, UT | Hampton Inn        
Initial Cost        
Land   909    
Building & Improvements   2,862    
Cost Capitalized Subsequent to Acquisition   2,146    
Total Cost        
Land 909      
Building & Improvements 5,008      
Total 5,917      
Accumulated Depreciation (2,150)      
Total Cost Net of Accumulated Depreciation 3,767      
Ridgeland, MS | Homewood Suites        
Initial Cost        
Land   1,314    
Building & Improvements   6,036    
Cost Capitalized Subsequent to Acquisition   1,737    
Total Cost        
Land 1,314      
Building & Improvements 7,773      
Total 9,087      
Accumulated Depreciation (1,615)      
Total Cost Net of Accumulated Depreciation 7,472      
Ridgeland, MS | Residence Inn        
Initial Cost        
Land   1,050    
Building & Improvements   10,040    
Cost Capitalized Subsequent to Acquisition   (304)    
Total Cost        
Land 1,050      
Building & Improvements 9,736      
Total 10,786      
Accumulated Depreciation (1,965)      
Total Cost Net of Accumulated Depreciation 8,821      
Salt Lake City, UT | Residence Inn        
Initial Cost        
Land   2,392    
Building & Improvements   17,567    
Cost Capitalized Subsequent to Acquisition   7,006    
Total Cost        
Land 2,392      
Building & Improvements 24,573      
Total 26,965      
Accumulated Depreciation (3,561)      
Total Cost Net of Accumulated Depreciation 23,404      
San Diego (Poway) CA | Hampton Inn and Suites        
Initial Cost        
Land   2,300    
Building & Improvements   12,850    
Cost Capitalized Subsequent to Acquisition   230    
Total Cost        
Land 2,300      
Building & Improvements 13,080      
Total 15,380      
Accumulated Depreciation (1,263)      
Total Cost Net of Accumulated Depreciation 14,117      
San Francisco, CA | DoubleTree by Hilton        
Initial Cost        
Land   3,300    
Building & Improvements   35,760    
Cost Capitalized Subsequent to Acquisition   3,485    
Total Cost        
Land 3,300      
Building & Improvements 39,245      
Total 42,545      
Accumulated Depreciation (3,082)      
Total Cost Net of Accumulated Depreciation 39,463      
San Francisco, CA | Four Points by Sheraton        
Initial Cost        
Land   1,200    
Building & Improvements   20,050    
Cost Capitalized Subsequent to Acquisition   1,281    
Total Cost        
Land 1,200      
Building & Improvements 21,331      
Total 22,531      
Accumulated Depreciation (1,827)      
Total Cost Net of Accumulated Depreciation 20,704      
San Francisco, CA | Holiday Inn Express and Suites        
Initial Cost        
Land   15,545    
Building & Improvements   44,955    
Cost Capitalized Subsequent to Acquisition   4,619    
Total Cost        
Land 15,545      
Building & Improvements 49,574      
Total 65,119      
Accumulated Depreciation (6,247)      
Total Cost Net of Accumulated Depreciation 58,872      
Sandy. UT | Holiday Inn Express and Suites        
Initial Cost        
Land   720    
Building & Improvements   1,768    
Cost Capitalized Subsequent to Acquisition   1,379    
Total Cost        
Land 720      
Building & Improvements 3,147      
Total 3,867      
Accumulated Depreciation (1,212)      
Total Cost Net of Accumulated Depreciation 2,655      
Santa Barbara (Goleta), CA | Hampton Inn        
Initial Cost        
Land   4,100    
Building & Improvements   23,800    
Cost Capitalized Subsequent to Acquisition   628    
Total Cost        
Land 4,100      
Building & Improvements 24,428      
Total 28,528      
Accumulated Depreciation (1,683)      
Total Cost Net of Accumulated Depreciation 26,845      
Debt 11,567      
Scottsdale, AZ | Courtyard by Marriott        
Initial Cost        
Land   3,225    
Building & Improvements   10,152    
Cost Capitalized Subsequent to Acquisition   2,316    
Total Cost        
Land 3,225      
Building & Improvements 12,468      
Total 15,693      
Accumulated Depreciation (4,738)      
Total Cost Net of Accumulated Depreciation 10,955      
Debt 9,110      
Scottsdale, AZ | Hyatt Place        
Initial Cost        
Land   1,500    
Building & Improvements   9,030    
Cost Capitalized Subsequent to Acquisition   1,100    
Total Cost        
Land 1,500      
Building & Improvements 10,130      
Total 11,630      
Accumulated Depreciation (1,998)      
Total Cost Net of Accumulated Depreciation 9,632      
Scottsdale, AZ | SpringHill Suites        
Initial Cost        
Land   2,195    
Building & Improvements   7,120    
Cost Capitalized Subsequent to Acquisition   2,350    
Total Cost        
Land 2,195      
Building & Improvements 9,470      
Total 11,665      
Accumulated Depreciation (3,864)      
Total Cost Net of Accumulated Depreciation 7,801      
Debt 4,905      
Smyrna, TN | Hampton Inn and Suites        
Initial Cost        
Land   1,145    
Building & Improvements   6,855    
Cost Capitalized Subsequent to Acquisition   2,406    
Total Cost        
Land 1,145      
Building & Improvements 9,261      
Total 10,406      
Accumulated Depreciation (1,132)      
Total Cost Net of Accumulated Depreciation 9,274      
Debt 5,047      
Smyrna, TN | Hilton Garden Inn        
Initial Cost        
Land   1,188    
Building & Improvements   10,312    
Cost Capitalized Subsequent to Acquisition   2,037    
Total Cost        
Land 1,188      
Building & Improvements 12,349      
Total 13,537      
Accumulated Depreciation (1,528)      
Total Cost Net of Accumulated Depreciation 12,009      
Debt 7,916      
Spokane, WA | Fairfield Inn and Suites        
Initial Cost        
Land   1,637    
Building & Improvements   3,669    
Cost Capitalized Subsequent to Acquisition   2,295    
Total Cost        
Land 1,637      
Building & Improvements 5,964      
Total 7,601      
Accumulated Depreciation (2,531)      
Total Cost Net of Accumulated Depreciation 5,070      
Ventura (Camarillo) CA | Hampton Inn and Suites        
Initial Cost        
Land   2,200    
Building & Improvements   13,550    
Cost Capitalized Subsequent to Acquisition   3,599    
Total Cost        
Land 2,200      
Building & Improvements 17,149      
Total 19,349      
Accumulated Depreciation (1,228)      
Total Cost Net of Accumulated Depreciation 18,121      
Vernon Hills, IL | Holiday Inn Express        
Initial Cost        
Land   1,198    
Building & Improvements   6,099    
Cost Capitalized Subsequent to Acquisition   257    
Total Cost        
Land 1,198      
Building & Improvements 6,356      
Total 7,554      
Accumulated Depreciation (1,920)      
Total Cost Net of Accumulated Depreciation 5,634      
Ybor City, FL | Hampton Inn and Suites        
Initial Cost        
Land   3,600    
Building & Improvements   17,244    
Cost Capitalized Subsequent to Acquisition   $ 2,053    
Total Cost        
Land 3,600      
Building & Improvements 19,297      
Total 22,897      
Accumulated Depreciation (2,095)      
Total Cost Net of Accumulated Depreciation $ 20,802