SUPPLEMENTAL BALANCE SHEET INFORMATION

Assets Held for Sale, net

Assets held for sale at December 31, 2018 and 2017 include the following (in thousands):



	2018			2017
Land	$	2,442		$	1,193
Hotel building and improvements	7,929			—
Furniture, fixtures and equipment	2,519			—
Franchise fees	131			—
	13,021			1,193
Less - accumulated depreciation and amortization	(5,388		)	—
	$	7,633		$	1,193

Assets held for sale at December 31, 2018 included a land parcel in Flagstaff, AZ, which is being actively marketed for sale, and two hotels that we are under contract to sell. Assets held for sale at December 31, 2017 included land parcels in Spokane, WA and Flagstaff, AZ.

On February 12, 2019, we completed the sale of the two hotel properties included in Assets held for sale at December 31, 2018, the Country Inn & Suites - Charleston, WV and the Holiday Inn Express - Charleston, WV, for an aggregate sales price of $11.6 million.

Restricted Cash

Restricted cash at December 31, 2018 and 2017 was as follows (in thousands):



	2018		2017
FF&E reserves	$	24,386	$	25,812
Property taxes	1,625		2,726
Other	2,457		924
	$	28,468	$	29,462

Prepaid Expenses and Other

Prepaid expenses and other at December 31, 2018 and 2017 included the following (in thousands):



	2018		2017
Prepaid insurance	$	2,822	$	3,020
Other	7,289		6,434
	$	10,111	$	9,454

Deferred Charges

Deferred charges at December 31, 2018 and 2017 were as follows (in thousands):



	2018			2017
Initial franchise fees	$	6,463		$	6,894
Less - accumulated amortization	(1,772		)	(1,673		)
	$	4,691		$	5,221

Amortization expense for the years ended December 31, 2018, 2017, and 2016 was $0.5 million, $0.4 million and $0.3 million, respectively.

Other Assets

Other assets at December 31, 2018 and 2017 included the following (in thousands):



	2018		2017
Purchase options related to real estate loans	$	6,120	$	6,078
Prepaid land lease	3,180		3,228
Deferred tax asset, net	2,046		1,616
Derivative financial instruments	3,461		1,509
	$	14,807	$	12,431

Accrued Expenses and Other

Accrued expenses and other at December 31, 2018 and 2017 included the following (in thousands):



	2018		2017
Accrued property, sales and income taxes	$	19,570	$	16,664
Accrued salaries and benefits	10,540		8,556
Other accrued expenses at hotels	13,288		15,509
Acquired unfavorable leases	4,623		4,717
Accrued interest	3,186		1,958
Derivative financial instruments	5,042		190
Other	9,801		8,894
	$	66,050	$	56,488

Acquired unfavorable leases are being amortized using the straight-line method over a weighted average amortization period of 55.7 years. Future amortization is expected be $0.1 million annually for each of the next five years and $4.1 million thereafter.