XML 108 R94.htm IDEA: XBRL DOCUMENT v3.22.0.1
Schedule III - Real Estate and Accumulated Depreciation - Schedule of Real Estate (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Initial Cost        
Land $ 326,748      
Building & Improvements 2,178,578      
Cost Capitalized Subsequent to Acquisition 133,223      
Total Cost        
Land 325,201      
Building & Improvements 2,313,348      
Total 2,638,549 $ 2,570,768 $ 2,553,428 $ 2,406,269
Accumulated Depreciation (583,080) $ (490,326) $ (383,763) $ (351,821)
Total Cost Net of Accumulated Depreciation 2,055,469      
Mortgage Debt 163,315      
Land Parcels        
Initial Cost        
Building & Improvements 0      
Cost Capitalized Subsequent to Acquisition (2,720)      
Total Cost        
Land 1,925      
Building & Improvements 0      
Total 1,925      
Accumulated Depreciation 0      
Total Cost Net of Accumulated Depreciation 1,925      
Mortgage Debt 0      
Aliso Viejo, CA | Homewood Suites        
Initial Cost        
Land 5,599      
Building & Improvements 32,367      
Cost Capitalized Subsequent to Acquisition 480      
Total Cost        
Land 5,599      
Building & Improvements 32,847      
Total 38,446      
Accumulated Depreciation (6,897)      
Total Cost Net of Accumulated Depreciation 31,549      
Mortgage Debt 0      
Arlington, TX | Courtyard        
Initial Cost        
Land 1,497      
Building & Improvements 15,573      
Cost Capitalized Subsequent to Acquisition (412)      
Total Cost        
Land 1,497      
Building & Improvements 15,161      
Total 16,658      
Accumulated Depreciation (5,114)      
Total Cost Net of Accumulated Depreciation 11,544      
Mortgage Debt 0      
Arlington, TX | Residence Inn        
Initial Cost        
Land 1,646      
Building & Improvements 15,440      
Cost Capitalized Subsequent to Acquisition 92      
Total Cost        
Land 1,646      
Building & Improvements 15,532      
Total 17,178      
Accumulated Depreciation (5,124)      
Total Cost Net of Accumulated Depreciation 12,054      
Mortgage Debt 0      
Asheville, NC | Hotel Indigo        
Initial Cost        
Land 2,100      
Building & Improvements 34,755      
Cost Capitalized Subsequent to Acquisition 1,266      
Total Cost        
Land 2,100      
Building & Improvements 36,021      
Total 38,121      
Accumulated Depreciation (9,546)      
Total Cost Net of Accumulated Depreciation 28,575      
Mortgage Debt 0      
Atlanta, GA | Courtyard        
Initial Cost        
Land 2,050      
Building & Improvements 27,969      
Cost Capitalized Subsequent to Acquisition 3,221      
Total Cost        
Land 2,050      
Building & Improvements 31,190      
Total 33,240      
Accumulated Depreciation (8,168)      
Total Cost Net of Accumulated Depreciation 25,072      
Mortgage Debt 0      
Atlanta, GA | Residence Inn        
Initial Cost        
Land 3,381      
Building & Improvements 34,820      
Cost Capitalized Subsequent to Acquisition 1,528      
Total Cost        
Land 3,381      
Building & Improvements 36,348      
Total 39,729      
Accumulated Depreciation (6,971)      
Total Cost Net of Accumulated Depreciation 32,758      
Mortgage Debt 0      
Atlanta, GA | AC Hotel        
Initial Cost        
Land 5,670      
Building & Improvements 51,922      
Cost Capitalized Subsequent to Acquisition 747      
Total Cost        
Land 5,670      
Building & Improvements 52,669      
Total 58,339      
Accumulated Depreciation (9,746)      
Total Cost Net of Accumulated Depreciation 48,593      
Mortgage Debt 0      
Austin, TX | Hampton Inn & Suites        
Initial Cost        
Land 0      
Building & Improvements 56,394      
Cost Capitalized Subsequent to Acquisition 4,553      
Total Cost        
Land 0      
Building & Improvements 60,947      
Total 60,947      
Accumulated Depreciation (13,564)      
Total Cost Net of Accumulated Depreciation 47,383      
Mortgage Debt 0      
Austin, TX | Corporate Office        
Initial Cost        
Land 0      
Building & Improvements 6,048      
Cost Capitalized Subsequent to Acquisition 340      
Total Cost        
Land 0      
Building & Improvements 6,388      
Total 6,388      
Accumulated Depreciation (2,531)      
Total Cost Net of Accumulated Depreciation 3,857      
Mortgage Debt 0      
Baltimore, MD | Residence Inn        
Initial Cost        
Land 1,986      
Building & Improvements 37,016      
Cost Capitalized Subsequent to Acquisition 6,604      
Total Cost        
Land 1,986      
Building & Improvements 43,620      
Total 45,606      
Accumulated Depreciation (9,016)      
Total Cost Net of Accumulated Depreciation 36,590      
Mortgage Debt 0      
Baltimore, MD | Hampton Inn & Suites        
Initial Cost        
Land 2,205      
Building & Improvements 16,013      
Cost Capitalized Subsequent to Acquisition 5,590      
Total Cost        
Land 2,205      
Building & Improvements 21,603      
Total 23,808      
Accumulated Depreciation (3,853)      
Total Cost Net of Accumulated Depreciation 19,955      
Mortgage Debt 0      
Boulder, CO | Marriott        
Initial Cost        
Land 11,115      
Building & Improvements 49,204      
Cost Capitalized Subsequent to Acquisition 9,177      
Total Cost        
Land 11,115      
Building & Improvements 58,381      
Total 69,496      
Accumulated Depreciation (12,789)      
Total Cost Net of Accumulated Depreciation 56,707      
Mortgage Debt 0      
Branchburg, NJ | Residence Inn        
Initial Cost        
Land 2,374      
Building & Improvements 24,411      
Cost Capitalized Subsequent to Acquisition 93      
Total Cost        
Land 2,374      
Building & Improvements 24,504      
Total 26,878      
Accumulated Depreciation (6,570)      
Total Cost Net of Accumulated Depreciation 20,308      
Mortgage Debt 0      
Brisbane, CA | DoubleTree        
Initial Cost        
Land 3,300      
Building & Improvements 39,686      
Cost Capitalized Subsequent to Acquisition 1,293      
Total Cost        
Land 3,300      
Building & Improvements 40,979      
Total 44,279      
Accumulated Depreciation (15,857)      
Total Cost Net of Accumulated Depreciation 28,422      
Mortgage Debt 0      
Camarillo, CA | Hampton Inn & Suites        
Initial Cost        
Land 2,200      
Building & Improvements 17,366      
Cost Capitalized Subsequent to Acquisition 607      
Total Cost        
Land 2,200      
Building & Improvements 17,973      
Total 20,173      
Accumulated Depreciation (7,689)      
Total Cost Net of Accumulated Depreciation 12,484      
Mortgage Debt 0      
Charlotte, NC | Courtyard        
Initial Cost        
Land 0      
Building & Improvements 41,094      
Cost Capitalized Subsequent to Acquisition 1,917      
Total Cost        
Land 0      
Building & Improvements 43,011      
Total 43,011      
Accumulated Depreciation (8,354)      
Total Cost Net of Accumulated Depreciation 34,657      
Mortgage Debt 0      
Chicago, IL | Hyatt Place        
Initial Cost        
Land 5,395      
Building & Improvements 68,355      
Cost Capitalized Subsequent to Acquisition 269      
Total Cost        
Land 5,395      
Building & Improvements 68,624      
Total 74,019      
Accumulated Depreciation (15,022)      
Total Cost Net of Accumulated Depreciation 58,997      
Mortgage Debt 0      
Cleveland, OH | Residence Inn        
Initial Cost        
Land 10,075      
Building & Improvements 33,340      
Cost Capitalized Subsequent to Acquisition 2,081      
Total Cost        
Land 10,075      
Building & Improvements 35,421      
Total 45,496      
Accumulated Depreciation (7,774)      
Total Cost Net of Accumulated Depreciation 37,722      
Mortgage Debt 0      
Decatur, GA | Courtyard        
Initial Cost        
Land 4,046      
Building & Improvements 34,151      
Cost Capitalized Subsequent to Acquisition 3,715      
Total Cost        
Land 4,046      
Building & Improvements 37,866      
Total 41,912      
Accumulated Depreciation (9,034)      
Total Cost Net of Accumulated Depreciation 32,878      
Mortgage Debt 0      
Eden Prairie, MN | Hilton Garden Inn        
Initial Cost        
Land 1,800      
Building & Improvements 11,211      
Cost Capitalized Subsequent to Acquisition 188      
Total Cost        
Land 1,800      
Building & Improvements 11,399      
Total 13,199      
Accumulated Depreciation (4,897)      
Total Cost Net of Accumulated Depreciation 8,302      
Mortgage Debt 0      
Englewood, CO | Hyatt Place        
Initial Cost        
Land 2,000      
Building & Improvements 11,950      
Cost Capitalized Subsequent to Acquisition (321)      
Total Cost        
Land 2,000      
Building & Improvements 11,629      
Total 13,629      
Accumulated Depreciation (4,949)      
Total Cost Net of Accumulated Depreciation 8,680      
Mortgage Debt 18,545      
Englewood, CO | Hyatt House        
Initial Cost        
Land 2,700      
Building & Improvements 16,267      
Cost Capitalized Subsequent to Acquisition 856      
Total Cost        
Land 2,700      
Building & Improvements 17,123      
Total 19,823      
Accumulated Depreciation (7,843)      
Total Cost Net of Accumulated Depreciation 11,980      
Mortgage Debt 19,024      
Fort Lauderdale, FL | Courtyard        
Initial Cost        
Land 37,950      
Building & Improvements 47,002      
Cost Capitalized Subsequent to Acquisition 5,083      
Total Cost        
Land 37,950      
Building & Improvements 52,085      
Total 90,035      
Accumulated Depreciation (9,814)      
Total Cost Net of Accumulated Depreciation 80,221      
Mortgage Debt 0      
Fort Worth, TX | Courtyard        
Initial Cost        
Land 1,920      
Building & Improvements 38,070      
Cost Capitalized Subsequent to Acquisition 9,869      
Total Cost        
Land 1,920      
Building & Improvements 47,939      
Total 49,859      
Accumulated Depreciation (9,101)      
Total Cost Net of Accumulated Depreciation 40,758      
Mortgage Debt 0      
Garden City, NY | Hyatt Place        
Initial Cost        
Land 4,200      
Building & Improvements 27,775      
Cost Capitalized Subsequent to Acquisition 343      
Total Cost        
Land 4,283      
Building & Improvements 28,035      
Total 32,318      
Accumulated Depreciation (7,649)      
Total Cost Net of Accumulated Depreciation 24,669      
Mortgage Debt 0      
Glendale, CO | Staybridge Suites        
Initial Cost        
Land 2,100      
Building & Improvements 10,151      
Cost Capitalized Subsequent to Acquisition 333      
Total Cost        
Land 2,100      
Building & Improvements 10,484      
Total 12,584      
Accumulated Depreciation (4,272)      
Total Cost Net of Accumulated Depreciation 8,312      
Mortgage Debt 0      
Greenville, SC | Hilton Garden Inn        
Initial Cost        
Land 1,200      
Building & Improvements 14,566      
Cost Capitalized Subsequent to Acquisition 3,101      
Total Cost        
Land 1,200      
Building & Improvements 17,667      
Total 18,867      
Accumulated Depreciation (5,938)      
Total Cost Net of Accumulated Depreciation 12,929      
Mortgage Debt 0      
Hillsboro, OR | Residence Inn        
Initial Cost        
Land 4,943      
Building & Improvements 42,541      
Cost Capitalized Subsequent to Acquisition 440      
Total Cost        
Land 4,943      
Building & Improvements 42,981      
Total 47,924      
Accumulated Depreciation (4,224)      
Total Cost Net of Accumulated Depreciation 43,700      
Mortgage Debt 0      
Hoffman Estates, IL | Hyatt Place        
Initial Cost        
Land 1,900      
Building & Improvements 8,917      
Cost Capitalized Subsequent to Acquisition (1,793)      
Total Cost        
Land 1,900      
Building & Improvements 7,124      
Total 9,024      
Accumulated Depreciation (3,879)      
Total Cost Net of Accumulated Depreciation 5,145      
Mortgage Debt 18,358      
Houston, TX | Hilton Garden Inn        
Initial Cost        
Land 0      
Building & Improvements 41,838      
Cost Capitalized Subsequent to Acquisition 2,923      
Total Cost        
Land 0      
Building & Improvements 44,761      
Total 44,761      
Accumulated Depreciation (12,043)      
Total Cost Net of Accumulated Depreciation 32,718      
Mortgage Debt 0      
Houston, TX | Hilton Garden Inn        
Initial Cost        
Land 2,800      
Building & Improvements 33,777      
Cost Capitalized Subsequent to Acquisition 4,440      
Total Cost        
Land 2,800      
Building & Improvements 38,217      
Total 41,017      
Accumulated Depreciation (7,234)      
Total Cost Net of Accumulated Depreciation 33,783      
Mortgage Debt 0      
Hunt Valley, MD | Residence Inn        
Initial Cost        
Land 0      
Building & Improvements 35,436      
Cost Capitalized Subsequent to Acquisition 1,166      
Total Cost        
Land 1,076      
Building & Improvements 35,526      
Total 36,602      
Accumulated Depreciation (8,987)      
Total Cost Net of Accumulated Depreciation 27,615      
Mortgage Debt 0      
Indianapolis, IN | Courtyard        
Initial Cost        
Land 7,788      
Building & Improvements 54,384      
Cost Capitalized Subsequent to Acquisition (2,097)      
Total Cost        
Land 7,788      
Building & Improvements 52,287      
Total 60,075      
Accumulated Depreciation (14,266)      
Total Cost Net of Accumulated Depreciation 45,809      
Mortgage Debt 0      
Indianapolis, IN | SpringHill Suites        
Initial Cost        
Land 4,012      
Building & Improvements 27,910      
Cost Capitalized Subsequent to Acquisition (630)      
Total Cost        
Land 4,012      
Building & Improvements 27,280      
Total 31,292      
Accumulated Depreciation (7,769)      
Total Cost Net of Accumulated Depreciation 23,523      
Mortgage Debt 0      
Kansas City, MO | Courtyard        
Initial Cost        
Land 3,955      
Building & Improvements 20,608      
Cost Capitalized Subsequent to Acquisition 2,598      
Total Cost        
Land 3,955      
Building & Improvements 23,206      
Total 27,161      
Accumulated Depreciation (4,419)      
Total Cost Net of Accumulated Depreciation 22,742      
Mortgage Debt 0      
Lombard, IL | Hyatt Place        
Initial Cost        
Land 1,550      
Building & Improvements 17,351      
Cost Capitalized Subsequent to Acquisition 80      
Total Cost        
Land 1,550      
Building & Improvements 17,431      
Total 18,981      
Accumulated Depreciation (6,629)      
Total Cost Net of Accumulated Depreciation 12,352      
Mortgage Debt 0      
Lone Tree, CO | Hyatt Place        
Initial Cost        
Land 1,300      
Building & Improvements 11,704      
Cost Capitalized Subsequent to Acquisition (141)      
Total Cost        
Land 1,314      
Building & Improvements 11,549      
Total 12,863      
Accumulated Depreciation (5,098)      
Total Cost Net of Accumulated Depreciation 7,765      
Mortgage Debt 0      
Louisville, KY | SpringHill Suites        
Initial Cost        
Land 4,880      
Building & Improvements 37,361      
Cost Capitalized Subsequent to Acquisition (590)      
Total Cost        
Land 4,880      
Building & Improvements 36,771      
Total 41,651      
Accumulated Depreciation (11,743)      
Total Cost Net of Accumulated Depreciation 29,908      
Mortgage Debt 0      
Louisville, KY | Fairfield Inn & Suites        
Initial Cost        
Land 3,120      
Building & Improvements 24,231      
Cost Capitalized Subsequent to Acquisition (534)      
Total Cost        
Land 3,120      
Building & Improvements 23,697      
Total 26,817      
Accumulated Depreciation (7,573)      
Total Cost Net of Accumulated Depreciation 19,244      
Mortgage Debt 33,155      
Mesa, AZ | Hyatt Place        
Initial Cost        
Land 2,400      
Building & Improvements 19,848      
Cost Capitalized Subsequent to Acquisition 1,184      
Total Cost        
Land 2,400      
Building & Improvements 21,032      
Total 23,432      
Accumulated Depreciation (5,236)      
Total Cost Net of Accumulated Depreciation 18,196      
Mortgage Debt 45,070      
Metairie, LA | Courtyard        
Initial Cost        
Land 1,860      
Building & Improvements 25,168      
Cost Capitalized Subsequent to Acquisition 643      
Total Cost        
Land 1,860      
Building & Improvements 25,811      
Total 27,671      
Accumulated Depreciation (9,718)      
Total Cost Net of Accumulated Depreciation 17,953      
Mortgage Debt 0      
Metairie, LA | Residence Inn        
Initial Cost        
Land 1,791      
Building & Improvements 23,386      
Cost Capitalized Subsequent to Acquisition 122      
Total Cost        
Land 1,791      
Building & Improvements 23,508      
Total 25,299      
Accumulated Depreciation (10,519)      
Total Cost Net of Accumulated Depreciation 14,780      
Mortgage Debt 0      
Miami, FL | Hyatt House        
Initial Cost        
Land 4,926      
Building & Improvements 40,087      
Cost Capitalized Subsequent to Acquisition 2,575      
Total Cost        
Land 4,926      
Building & Improvements 42,662      
Total 47,588      
Accumulated Depreciation (13,532)      
Total Cost Net of Accumulated Depreciation 34,056      
Mortgage Debt 0      
Milpitas, CA | Hilton Garden Inn        
Initial Cost        
Land 7,921      
Building & Improvements 46,141      
Cost Capitalized Subsequent to Acquisition 912      
Total Cost        
Land 7,921      
Building & Improvements 47,053      
Total 54,974      
Accumulated Depreciation (5,379)      
Total Cost Net of Accumulated Depreciation 49,595      
Mortgage Debt 0      
Minneapolis, MN | Hampton Inn & Suites        
Initial Cost        
Land 3,502      
Building & Improvements 35,433      
Cost Capitalized Subsequent to Acquisition 261      
Total Cost        
Land 3,502      
Building & Improvements 35,694      
Total 39,196      
Accumulated Depreciation (10,209)      
Total Cost Net of Accumulated Depreciation 28,987      
Mortgage Debt 0      
Minneapolis, MN | Hyatt Place        
Initial Cost        
Land 0      
Building & Improvements 34,026      
Cost Capitalized Subsequent to Acquisition 2,154      
Total Cost        
Land 0      
Building & Improvements 36,180      
Total 36,180      
Accumulated Depreciation (10,006)      
Total Cost Net of Accumulated Depreciation 26,174      
Mortgage Debt 0      
Minnetonka, MN | Holiday Inn Express & Suites        
Initial Cost        
Land 1,000      
Building & Improvements 7,662      
Cost Capitalized Subsequent to Acquisition 219      
Total Cost        
Land 1,000      
Building & Improvements 7,881      
Total 8,881      
Accumulated Depreciation (3,449)      
Total Cost Net of Accumulated Depreciation 5,432      
Mortgage Debt 0      
Nashville, TN | Courtyard        
Initial Cost        
Land 8,792      
Building & Improvements 62,759      
Cost Capitalized Subsequent to Acquisition 7,824      
Total Cost        
Land 8,792      
Building & Improvements 70,583      
Total 79,375      
Accumulated Depreciation (13,950)      
Total Cost Net of Accumulated Depreciation 65,425      
Mortgage Debt 0      
Nashville, TN | SpringHill Suites        
Initial Cost        
Land 777      
Building & Improvements 5,598      
Cost Capitalized Subsequent to Acquisition 644      
Total Cost        
Land 777      
Building & Improvements 6,242      
Total 7,019      
Accumulated Depreciation (3,794)      
Total Cost Net of Accumulated Depreciation 3,225      
Mortgage Debt 0      
New Haven, CT | Courtyard        
Initial Cost        
Land 11,990      
Building & Improvements 51,497      
Cost Capitalized Subsequent to Acquisition 1,809      
Total Cost        
Land 11,990      
Building & Improvements 53,306      
Total 65,296      
Accumulated Depreciation (8,969)      
Total Cost Net of Accumulated Depreciation 56,327      
Mortgage Debt 0      
New Orleans, LA | Courtyard        
Initial Cost        
Land 1,944      
Building & Improvements 25,120      
Cost Capitalized Subsequent to Acquisition 3,296      
Total Cost        
Land 1,944      
Building & Improvements 28,416      
Total 30,360      
Accumulated Depreciation (12,347)      
Total Cost Net of Accumulated Depreciation 18,013      
Mortgage Debt 0      
New Orleans, LA | Courtyard        
Initial Cost        
Land 2,490      
Building & Improvements 34,220      
Cost Capitalized Subsequent to Acquisition 1,848      
Total Cost        
Land 2,490      
Building & Improvements 36,068      
Total 38,558      
Accumulated Depreciation (14,314)      
Total Cost Net of Accumulated Depreciation 24,244      
Mortgage Debt 0      
New Orleans, LA | SpringHill Suites        
Initial Cost        
Land 2,046      
Building & Improvements 33,270      
Cost Capitalized Subsequent to Acquisition 5,918      
Total Cost        
Land 2,046      
Building & Improvements 39,188      
Total 41,234      
Accumulated Depreciation (14,959)      
Total Cost Net of Accumulated Depreciation 26,275      
Mortgage Debt 0      
Orlando, FL | Hyatt Place        
Initial Cost        
Land 3,100      
Building & Improvements 11,343      
Cost Capitalized Subsequent to Acquisition (167)      
Total Cost        
Land 3,100      
Building & Improvements 11,176      
Total 14,276      
Accumulated Depreciation (4,808)      
Total Cost Net of Accumulated Depreciation 9,468      
Mortgage Debt 0      
Orlando, FL | Hyatt Place        
Initial Cost        
Land 2,716      
Building & Improvements 11,221      
Cost Capitalized Subsequent to Acquisition 1,655      
Total Cost        
Land 2,716      
Building & Improvements 12,876      
Total 15,592      
Accumulated Depreciation (5,045)      
Total Cost Net of Accumulated Depreciation 10,547      
Mortgage Debt 0      
Orlando, FL | Hyatt House        
Initial Cost        
Land 2,800      
Building & Improvements 34,423      
Cost Capitalized Subsequent to Acquisition 147      
Total Cost        
Land 2,800      
Building & Improvements 34,570      
Total 37,370      
Accumulated Depreciation (7,848)      
Total Cost Net of Accumulated Depreciation 29,522      
Mortgage Debt 0      
Owings Mills, MD | Hyatt Place        
Initial Cost        
Land 2,100      
Building & Improvements 9,799      
Cost Capitalized Subsequent to Acquisition 156      
Total Cost        
Land 2,100      
Building & Improvements 9,955      
Total 12,055      
Accumulated Depreciation (3,995)      
Total Cost Net of Accumulated Depreciation 8,060      
Mortgage Debt 0      
Pittsburgh, PA | Courtyard        
Initial Cost        
Land 1,652      
Building & Improvements 40,749      
Cost Capitalized Subsequent to Acquisition 6,057      
Total Cost        
Land 1,652      
Building & Improvements 46,806      
Total 48,458      
Accumulated Depreciation (8,163)      
Total Cost Net of Accumulated Depreciation 40,295      
Mortgage Debt 0      
Portland, OR | Hyatt Place        
Initial Cost        
Land 0      
Building & Improvements 14,700      
Cost Capitalized Subsequent to Acquisition 664      
Total Cost        
Land 0      
Building & Improvements 15,364      
Total 15,364      
Accumulated Depreciation (5,935)      
Total Cost Net of Accumulated Depreciation 9,429      
Mortgage Debt 0      
Poway, CA | Hampton Inn & Suites        
Initial Cost        
Land 2,300      
Building & Improvements 14,728      
Cost Capitalized Subsequent to Acquisition 1,097      
Total Cost        
Land 2,300      
Building & Improvements 15,825      
Total 18,125      
Accumulated Depreciation (5,560)      
Total Cost Net of Accumulated Depreciation 12,565      
Mortgage Debt 0      
San Francisco, CA | Hilton Garden Inn        
Initial Cost        
Land 12,346      
Building & Improvements 45,730      
Cost Capitalized Subsequent to Acquisition 410      
Total Cost        
Land 12,346      
Building & Improvements 46,140      
Total 58,486      
Accumulated Depreciation (5,433)      
Total Cost Net of Accumulated Depreciation 53,053      
Mortgage Debt 0      
San Francisco, CA | Holiday Inn Express & Suites        
Initial Cost        
Land 15,545      
Building & Improvements 49,469      
Cost Capitalized Subsequent to Acquisition 3,899      
Total Cost        
Land 15,545      
Building & Improvements 53,368      
Total 68,913      
Accumulated Depreciation (18,576)      
Total Cost Net of Accumulated Depreciation 50,337      
Mortgage Debt 0      
San Francisco, CA | Four Points        
Initial Cost        
Land 1,200      
Building & Improvements 21,397      
Cost Capitalized Subsequent to Acquisition 3,107      
Total Cost        
Land 1,200      
Building & Improvements 24,504      
Total 25,704      
Accumulated Depreciation (7,891)      
Total Cost Net of Accumulated Depreciation 17,813      
Mortgage Debt 0      
Scottsdale, AZ | Courtyard        
Initial Cost        
Land 3,225      
Building & Improvements 12,571      
Cost Capitalized Subsequent to Acquisition 3,533      
Total Cost        
Land 3,225      
Building & Improvements 16,104      
Total 19,329      
Accumulated Depreciation (7,940)      
Total Cost Net of Accumulated Depreciation 11,389      
Mortgage Debt 0      
Scottsdale, AZ | Hyatt Place        
Initial Cost        
Land 1,500      
Building & Improvements 10,171      
Cost Capitalized Subsequent to Acquisition (336)      
Total Cost        
Land 1,500      
Building & Improvements 9,835      
Total 11,335      
Accumulated Depreciation (3,835)      
Total Cost Net of Accumulated Depreciation 7,500      
Mortgage Debt 0      
Scottsdale, AZ | SpringHill Suites        
Initial Cost        
Land 2,195      
Building & Improvements 9,496      
Cost Capitalized Subsequent to Acquisition 1,660      
Total Cost        
Land 2,195      
Building & Improvements 11,156      
Total 13,351      
Accumulated Depreciation (5,547)      
Total Cost Net of Accumulated Depreciation 7,804      
Mortgage Debt 0      
Silverthorne, CO | Hampton Inn & Suites        
Initial Cost        
Land 6,845      
Building & Improvements 21,125      
Cost Capitalized Subsequent to Acquisition 1,159      
Total Cost        
Land 6,845      
Building & Improvements 22,284      
Total 29,129      
Accumulated Depreciation (1,977)      
Total Cost Net of Accumulated Depreciation 27,152      
Mortgage Debt 0      
Steamboat Springs, CO | Residence Inn        
Initial Cost        
Land 1,832      
Building & Improvements 31,214      
Cost Capitalized Subsequent to Acquisition 21      
Total Cost        
Land 1,832      
Building & Improvements 31,235      
Total 33,067      
Accumulated Depreciation (670)      
Total Cost Net of Accumulated Depreciation 32,397      
Mortgage Debt 0      
Tampa, FL | Hampton Inn & Suites        
Initial Cost        
Land 3,600      
Building & Improvements 20,366      
Cost Capitalized Subsequent to Acquisition 4,446      
Total Cost        
Land 3,600      
Building & Improvements 24,812      
Total 28,412      
Accumulated Depreciation (7,516)      
Total Cost Net of Accumulated Depreciation 20,896      
Mortgage Debt 0      
Tucson, AZ | Embassy Suites        
Initial Cost        
Land 1,841      
Building & Improvements 23,958      
Cost Capitalized Subsequent to Acquisition 0      
Total Cost        
Land 1,841      
Building & Improvements 23,958      
Total 25,799      
Accumulated Depreciation 0      
Total Cost Net of Accumulated Depreciation 25,799      
Mortgage Debt 13,249      
Tucson, AZ | Homewood Suites        
Initial Cost        
Land 2,570      
Building & Improvements 22,802      
Cost Capitalized Subsequent to Acquisition 1,156      
Total Cost        
Land 2,570      
Building & Improvements 23,958      
Total 26,528      
Accumulated Depreciation (5,419)      
Total Cost Net of Accumulated Depreciation 21,109      
Mortgage Debt 0      
Waltham, MA | Hilton Garden Inn        
Initial Cost        
Land 10,644      
Building & Improvements 21,713      
Cost Capitalized Subsequent to Acquisition 6,277      
Total Cost        
Land 10,644      
Building & Improvements 27,990      
Total 38,634      
Accumulated Depreciation (5,787)      
Total Cost Net of Accumulated Depreciation 32,847      
Mortgage Debt 0      
Watertown, MA | Residence Inn        
Initial Cost        
Land 25,083      
Building & Improvements 45,917      
Cost Capitalized Subsequent to Acquisition 307      
Total Cost        
Land 25,083      
Building & Improvements 46,224      
Total 71,307      
Accumulated Depreciation (6,530)      
Total Cost Net of Accumulated Depreciation 64,777      
Mortgage Debt 0      
Land Parcels | Land Parcels        
Initial Cost        
Land 4,645      
2009 | Portland, OR | Residence Inn        
Initial Cost        
Land 0      
Building & Improvements 15,629      
Cost Capitalized Subsequent to Acquisition 353      
Total Cost        
Land 0      
Building & Improvements 15,982      
Total 15,982      
Accumulated Depreciation (6,664)      
Total Cost Net of Accumulated Depreciation 9,318      
Mortgage Debt 15,914      
2019 | Portland, OR | Residence Inn        
Initial Cost        
Land 12,813      
Building & Improvements 76,868      
Cost Capitalized Subsequent to Acquisition 2,458      
Total Cost        
Land 12,813      
Building & Improvements 79,326      
Total 92,139      
Accumulated Depreciation (9,614)      
Total Cost Net of Accumulated Depreciation 82,525      
Mortgage Debt $ 0