Hotel Acquisitions and Dispositions - REIT (Tables)

12 Months Ended

Dec. 31, 2019

Entity Information [Line Items]

Summary of Acquisitions

During the years ended December 31, 2019 and 2018, acquired hotel properties contributed total room and other hotel revenues, total operating expenses and income before income tax expense as follows (in thousands):

	Year Ended December 31,
	2019		2018
Total room and other hotel revenues	$	2,003	$	1,106
Total operating expenses	1,868		966
Income before income tax expense	135		140

Summary of Total Revenues and Expenses

No hotels were sold during the year ended December 31, 2019. The table below summarizes hotel dispositions for the years ended December 31, 2018 and 2017 (in thousands, except number of hotels and number of rooms). No dispositions were reported as discontinued operations.

Year	Brand	Location	Month Sold	Number of Hotels	Number of Rooms	Net Proceeds		Gain (Loss) on Sale			Franchised/Managed (1)
2018	Extended Stay America	Various	November	14	1,386	$	34,855	$	1,331	(2)	Yes
2018	Extended Stay America	Various	September	16	1,677	$	60,710	$	6,293	(2)	Yes
2018	Extended Stay America	Various	September	16	1,772	$	58,144	$	(3,014)	(2)	Yes
2018	Extended Stay America	Various	February	25	2,420	$	111,156	$	6,810	(2)	Yes
2018	Extended Stay America	Texas	March	1	101	$	44,090	$	31,058		No	(3)
2017	Extended Stay America	Colorado	December	1	160	$	15,985	$	11,870		No	(3)
2017	Extended Stay Canada	Canada	May	3	500	$	43,551	$	(1,894)	(4)	No
2017	Other	Massachusetts	May	1	101	$	5,092	$	(2)	(2)	No

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(1)As of December 31, 2019.

(2)Net of impairment charge of $16.8 million, $24.3 million, $6.3 million, $2.1 million and $1.7 million, respectively, recognized prior to sale.

(3)Management agreement terminated in 2019.

(4)Due to the fact that the Company’s Canadian subsidiaries liquidated substantially all of their assets, $14.5 million of accumulated foreign currency translation loss was recognized at the time of sale. Additionally, an impairment charge of $12.4 million was recorded prior to sale.

During the years ended December 31, 2018 and 2017, disposed hotel properties contributed total room and other hotel revenues, total operating expenses and (loss) income before income tax expense as follows (in thousands):

	Year Ended December 31,
	2018		2017
Total room and other hotel revenues	$	53,494	$	102,593
Total operating expenses	83,336		104,511
Loss before income tax expense (1)	(29,842)		(1,605)

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(1)Includes impairment charges of $37.4 million and $19.2 million for the years ended December 31, 2018 and 2017, respectively.

ESH Hospitality, Inc.

Entity Information [Line Items]

Summary of Acquisitions

During the years ended December 31, 2019 and 2018, acquired hotel properties contributed rental revenues, total operating expenses and income before income tax expense as follows (in thousands):

	Years ended December 31,
	2019		2018
Rental revenues from Extended Stay America, Inc.	$	1,087	$	728
Total operating expenses	882		475
Income before income tax expense	205		253

Summary of Total Revenues and Expenses

Year	Location	Month Sold	Number of Hotels	Number of Rooms	Net Proceeds		Gain (Loss) on Sale
2018	Various	November	14	1,386	$	34,855	$	(14,930)
2018	Various	September	16	1,677	$	60,710	$	(17,025)
2018	Various	September	16	1,772	$	58,144	$	(8,934)
2018	Various	February	25	2,420	$	111,156	$	4,269
2018	Texas	March	1	101	$	44,090	$	30,992
2017	Colorado	December	1	160	$	15,985	$	(1,507)
2017	Canada	May	3	500	$	43,551	$	(1,767)	(1)
2017	Massachusetts	May	1	101	$	5,092	$	11,836

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(1)Due to the fact that ESH REIT’s Canadian subsidiary liquidated substantially all of its assets, $12.5 million of accumulated foreign currency translation loss was recognized at the time of sale. Additionally, an impairment charge of $15.0 million was recognized prior to sale.

During the years ended December 31, 2018 and 2017, disposed hotel properties contributed rental revenues, total operating expenses and income before income tax expense as follows (in thousands):

	Year Ended December 31,
	2018		2017
Rental revenues from Extended Stay America, Inc.	$	22,346	$	54,097
Total operating expenses	15,917		48,858
Income before income tax expense	6,429		5,552		(1)

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(1)Includes impairment charge of $15.0 million.