Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2020

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

			Initial Cost					Cost Capitalized Subsequent to Acquisition		Total Cost
Location	Franchise	Year Acquired/ Constructed	Land			Building & Improvements		Land, Building & Improvements		Land		Building & Improvements		Total		Accumulated Depreciation		Total Cost Net of Accumulated Depreciation		Mortgage Debt
Aliso Viejo, CA	Homewood Suites	2017	$	5,599		$	32,367	$	401	$	5,599	$	32,768	$	38,367	$	(5,467)	$	32,900	$	—
Arlington, TX	Courtyard	2012	1,497			15,573		(391)		1,497		15,182		16,679		(4,515)		12,164		—
Arlington, TX	Residence Inn	2012	1,646			15,440		135		1,646		15,575		17,221		(4,842)		12,379		—
Asheville, NC	Hotel Indigo	2015	2,100			34,755		1,153		2,100		35,908		38,008		(8,286)		29,722		—
Atlanta, GA	Courtyard	2012	2,050			27,969		3,095		2,050		31,064		33,114		(6,692)		26,422		—
Atlanta, GA	Residence Inn	2016	3,381			34,820		932		3,381		35,752		39,133		(5,894)		33,239		—
Atlanta, GA	AC Hotel	2017	5,670			51,922		630		5,670		52,552		58,222		(7,568)		50,654		—
Austin, TX	Hampton Inn & Suites	2014	—		(2)	56,394		5,027		—		61,421		61,421		(12,067)		49,354		—
Austin, TX	Corporate Office	2017	—			6,048		(273)		—		5,775		5,775		(2,870)		2,905		—
Baltimore, MD	Hampton Inn & Suites	2017	2,205			16,013		5,465		2,205		21,478		23,683		(2,427)		21,256		—
Baltimore, MD	Residence Inn	2017	1,986			37,016		6,335		1,986		43,351		45,337		(6,665)		38,672		—
Boulder, CO	Marriott	2016	11,115			49,204		9,017		11,115		58,221		69,336		(9,899)		59,437		—
Branchburg, NJ	Residence Inn	2015	2,374			24,411		356		2,374		24,767		27,141		(5,861)		21,280		—
Brisbane, CA	DoubleTree	2014	3,300			39,686		1,327		3,300		41,013		44,313		(13,952)		30,361		—
Camarillo, CA	Hampton Inn & Suites	2013	2,200			17,366		467		2,200		17,833		20,033		(6,925)		13,108		—
Charlotte, NC	Courtyard	2017	—			41,094		1,580		—		42,674		42,674		(6,474)		36,200		—
Chicago, IL	Hyatt Place	2016	5,395			68,355		230		5,395		68,585		73,980		(12,326)		61,654		—
Cleveland, OH	Residence Inn	2017	10,075			33,340		1,835		10,075		35,175		45,250		(5,842)		39,408		—
Decatur, GA	Courtyard	2015	4,046			34,151		3,907		4,046		38,058		42,104		(7,580)		34,524		—
Eden Prairie, MN	Hilton Garden Inn	2013	1,800			11,211		191		1,800		11,402		13,202		(4,462)		8,740		—
Englewood, CO	Hyatt Place	2012	2,000			11,950		(279)		2,000		11,671		13,671		(4,572)		9,099		19,039		(1)
Englewood, CO	Hyatt House	2012	2,700			16,267		501		2,700		16,768		19,468		(7,214)		12,254		19,520		(1)
Fort Lauderdale, FL	Courtyard	2017	37,950			47,002		3,825		37,950		50,827		88,777		(8,051)		80,726		—
Fort Worth, TX	Courtyard	2017	1,920			38,070		9,560		1,920		47,630		49,550		(6,238)		43,312		—
Garden City, NY	Hyatt Place	2012	4,200			27,775		337		4,283		28,029		32,312		(6,756)		25,556		—
Glendale, CO	Staybridge Suites	2011	2,100			10,151		493		2,100		10,644		12,744		(4,273)		8,471		—
Greenville, SC	Hilton Garden Inn	2013	1,200			14,566		3,124		1,200		17,690		18,890		(4,867)		14,023		—
Hillsboro, OR	Residence Inn	2019	4,943			42,541		307		4,943		42,848		47,791		(2,324)		45,467		—
Hoffman Estates, IL	Hyatt Place	2013	1,900			8,917		(1,756)		1,900		7,161		9,061		(3,645)		5,416		18,852		(1)

			Initial Cost					Cost Capitalized Subsequent to Acquisition		Total Cost
Location	Franchise	Year Acquired/ Constructed	Land			Building & Improvements		Land, Building & Improvements		Land		Building & Improvements		Total		Accumulated Depreciation		Total Cost Net of Accumulated Depreciation		Mortgage Debt
Houston, TX	Hilton Garden Inn	2014	$	—	(2)	$	41,838	$	4,353	$	—	$	46,191	$	46,191	$	(11,535)	$	34,656	$	—
Houston, TX	Hilton Garden Inn	2014	2,800			33,777		3,222		2,800		36,999		39,799		(7,078)		32,721		—
Hunt Valley, MD	Residence Inn	2015	—			35,436		1,417		1,076		35,777		36,853		(7,925)		28,928		—
Indianapolis, IN	SpringHill Suites	2013	4,012			27,910		(631)		4,012		27,279		31,291		(6,707)		24,584		—
Indianapolis, IN	Courtyard	2013	7,788			54,384		(2,035)		7,788		52,349		60,137		(12,472)		47,665		—
Kansas City, MO	Courtyard	2017	3,955			20,608		2,337		3,955		22,945		26,900		(3,785)		23,115		—
Lombard, IL	Hyatt Place	2012	1,550			17,351		(316)		1,550		17,035		18,585		(6,240)		12,345		—		(1)
Lone Tree, CO	Hyatt Place	2012	1,300			11,704		(142)		1,314		11,548		12,862		(4,776)		8,086		—		(1)
Louisville, KY	Fairfield Inn & Suites	2013	3,120			24,231		(503)		3,120		23,728		26,848		(6,882)		19,966		33,947		(1)
Louisville, KY	SpringHill Suites	2013	4,880			37,361		(612)		4,880		36,749		41,629		(10,640)		30,989		—		(1)
Mesa, AZ	Hyatt Place	2017	2,400			19,848		988		2,400		20,836		23,236		(4,432)		18,804		46,172		(1)
Metairie, LA	Courtyard	2013	1,860			25,168		633		1,860		25,801		27,661		(8,651)		19,010		—
Metairie, LA	Residence Inn	2013	1,791			23,386		471		1,791		23,857		25,648		(9,448)		16,200		—
Miami, FL	Hyatt House	2015	4,926			40,087		1,482		4,926		41,569		46,495		(10,915)		35,580		—
Milpitas, CA	Hilton Garden Inn	2019	7,921			46,141		543		7,921		46,684		54,605		(2,971)		51,634		—
Minneapolis, MN	Hyatt Place	2013	—			34,026		1,799		—		35,825		35,825		(8,952)		26,873		—
Minneapolis, MN	Hampton Inn & Suites	2015	3,502			35,433		215		3,502		35,648		39,150		(9,103)		30,047		—		(1)
Minnetonka, MN	Holiday Inn Express & Suites	2013	1,000			7,662		223		1,000		7,885		8,885		(3,119)		5,766		—
Nashville, TN	SpringHill Suites	2004	777			5,598		336		777		5,934		6,711		(3,711)		3,000		—
Nashville, TN	Courtyard	2016	8,792			62,759		8,280		8,792		71,039		79,831		(11,373)		68,458		—
New Haven, CT	Courtyard	2017	11,990			51,497		1,654		11,990		53,151		65,141		(6,724)		58,417		—
New Orleans, LA	Courtyard	2013	1,944			25,120		3,399		1,944		28,519		30,463		(10,766)		19,697		—
New Orleans, LA	Courtyard	2013	2,490			34,220		1,623		2,490		35,843		38,333		(12,574)		25,759		—
New Orleans, LA	SpringHill Suites	2013	2,046			33,270		6,140		2,046		39,410		41,456		(12,845)		28,611		—
Orlando, FL	Hyatt Place	2013	3,100			11,343		(400)		3,100		10,943		14,043		(4,351)		9,692		—		(1)
Orlando, FL	Hyatt Place	2013	2,716			11,221		719		2,716		11,940		14,656		(4,532)		10,124		—		(1)
Orlando, FL	Hyatt House	2018	2,800			34,423		123		2,800		34,546		37,346		(5,624)		31,722		—
Owings Mills, MD	Hyatt Place	2012	2,100			9,799		(13)		2,100		9,786		11,886		(3,718)		8,168		—		(1)
Pittsburgh, PA	Courtyard	2017	1,652			40,749		6,013		1,652		46,762		48,414		(6,030)		42,384		—
Portland, OR	Hyatt Place	2009	—		(2)	14,700		707		—		15,407		15,407		(5,296)		10,111		—
Portland, OR	Residence Inn	2009	—		(2)	15,629		386		—		16,015		16,015		(6,307)		9,708		16,448		(1)
Portland, OR	Residence Inn	2019	12,813			76,868		539		12,813		77,407		90,220		(6,081)		84,139		—
Poway, CA	Hampton Inn & Suites	2013	2,300			14,728		1,269		2,300		15,997		18,297		(4,869)		13,428		—
San Francisco, CA	Hilton Garden Inn	2019	12,346			45,730		294		12,346		46,024		58,370		(2,969)		55,401		—
San Francisco, CA	Holiday Inn Express & Suites	2013	15,545			49,469		3,992		15,545		53,461		69,006		(16,002)		53,004		—
San Francisco, CA	Four Points	2014	1,200			21,397		3,058		1,200		24,455		25,655		(6,593)		19,062		—		(1)

			Initial Cost				Cost Capitalized Subsequent to Acquisition		Total Cost
Location	Franchise	Year Acquired/ Constructed	Land		Building & Improvements		Land, Building & Improvements		Land		Building & Improvements		Total		Accumulated Depreciation		Total Cost Net of Accumulated Depreciation		Mortgage Debt
Scottsdale, AZ	Hyatt Place	2012	$	1,500	$	10,171	$	(315)	$	1,500	$	9,856	$	11,356	$	(3,537)	$	7,819	$	—	(1)
Scottsdale, AZ	Courtyard	2003	3,225		12,571		3,706		3,225		16,277		19,502		(6,970)		12,532		—
Scottsdale, AZ	SpringHill Suites	2003	2,195		9,496		1,779		2,195		11,275		13,470		(4,936)		8,534		—
Silverthorne, CO	Hampton Inn & Suites	2019	6,845		21,125		636		6,845		21,761		28,606		(1,149)		27,457		—
Tampa, FL	Hampton Inn & Suites	2012	3,600		20,366		4,559		3,600		24,925		28,525		(6,190)		22,335		—
Tucson, AZ	Homewood Suites	2017	2,570		22,802		1,093		2,570		23,895		26,465		(4,444)		22,021		—
Waltham, MA	Hilton Garden Inn	2017	10,644		21,713		6,196		10,644		27,909		38,553		(4,001)		34,552		—
Watertown, MA	Residence Inn	2018	25,083		45,917		259		25,083		46,176		71,259		(4,549)		66,710		—
Land Parcels	Land Parcels		4,645		—		(2,720)		1,925		—		1,925		—		1,925		—
			$	323,075	$	2,123,406	$	124,287	$	321,528	$	2,249,240	$	2,570,768	$	(490,326)	$	2,080,442	$	153,978

(1) Properties cross-collateralize the related loan, refer to "Part II – Item 8. – Financial Statements and Supplementary Data – Note 6 – Debt" in the Consolidated Financial Statements.

(2) Properties subject to ground lease, refer to "Part II – Item 8. – Financial Statements and Supplementary Data – Note 7 – Leases" in the Consolidated Financial Statements.

(a)         ASSET BASIS

	2020		2019		2018
Reconciliation of land, buildings and improvements:
Balance at beginning of period	$	2,553,428	$	2,406,269	$	2,355,723
Additions to land, buildings and improvements	19,918		336,480		151,829
Disposition of land, buildings and improvements	(2,578)		(186,800)		(100,208)
Impairment loss	—		(2,521)		(1,075)
Balance at end of period	$	2,570,768	$	2,553,428	$	2,406,269

 (b)         ACCUMULATED DEPRECIATION

	2020		2019		2018
Reconciliation of accumulated depreciation:
Balance at beginning of period	$	383,763	$	351,821	$	290,066
Depreciation	109,159		99,013		100,545
Depreciation on assets sold or disposed	(2,596)		(67,071)		(38,790)
Balance at end of period	$	490,326	$	383,763	$	351,821

 (c)        The aggregate cost of real estate for Federal income tax purposes was approximately $2,390 million.

(d)         Depreciation is computed based upon the following useful lives:

Buildings and improvements 6-40 years

Furniture and equipment 2-15 years

(e)          We have mortgages payable on the properties as noted.  Additional mortgage information can be found in "Part II – Item 8. – Financial Statements and Supplementary Data – Note 6 – Debt" to the Consolidated Financial Statements.

(f)           The negative balance for costs capitalized subsequent to acquisition include out-parcels sold, disposal of assets, and recorded impairment losses.