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Schedule III - Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2015
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III, Real Estate and Accumulated Depreciation
  
 
 
 
Initial Cost
 
Subsequent Costs Capitalized
 
Gross Amount at December 31, 2015 (1)
 
Property
U.S. State or Country
Acquisition
Date
Debt at December 31, 2015
Land
Building and
Improvements
 
Land
Building and Improvements
 
Land
Building and Improvements
Total
Accumulated
Depreciation (2)
Courtyard Baltimore Downtown Inner Harbor
MD
2014
(24,980
)
4,961

34,343

 
—

—

 
4,961

34,343

39,304

(1,550
)
Courtyard Providence Downtown
RI
2014
(20,520
)
4,724

29,388

 
—

1,123

 
4,724

30,511

35,235

(1,388
)
Georgia Tech Hotel and Conference Center
GA
2014
—

—

—

 
—

—

 
—

—

—

—

Homewood Suites Stratford
CT
2014
(12,500
)
2,377

13,875

 
—

1,402

 
2,377

15,277

17,654

(755
)
Westin Virginia Beach Town Center
VA
2014
—

—

—

 
—

—

 
—

—

—

—

Hilton Garden Inn Blacksburg
VA
2014/2015
(10,500
)
—

14,107

 
—

—

 
—

14,107

14,107

(226
)
Courtyard Lexington South Hamburg Place
KY
2015
(13,512
)
2,766

10,242

 
—

4

 
2,766

10,246

13,012

(233
)
Courtyard Louisville Downtown
KY
2015
(26,581
)
3,727

33,543

 
—

—

 
3,727

33,544

37,271

(702
)
Embassy Suites Orlando International Drive Jamaican Court
FL
2015
(19,499
)
2,356

23,646

 
—

1,206

 
2,356

24,851

27,207

(572
)
Fairfield Inn & Suites Atlanta Vinings
GA
2015
(8,324
)
1,394

8,968

 
—

163

 
1,394

9,131

10,525

(256
)
Homewood Suites Chicago Downtown
IL
2015
(61,814
)
15,314

73,248

 
—

4,882

 
15,314

78,130

93,444

(1,746
)
Hyatt Place Albuquerque Uptown
NM
2015
(14,818
)
987

16,386

 
—

1,393

 
987

17,778

18,765

(364
)
Hyatt Place Baltimore Washington Airport
MD
2015
(9,536
)
3,129

9,068

 
—

1,109

 
3,128

10,177

13,305

(249
)
Hyatt Place Baton Rouge I 10
LA
2015
(10,692
)
1,888

8,897

 
—

779

 
1,888

9,676

11,564

(208
)
Hyatt Place Birmingham Hoover
AL
2015
(8,956
)
956

9,689

 
—

185

 
956

9,873

10,829

(235
)
Hyatt Place Cincinnati Blue Ash
OH
2015
(6,775
)
652

7,951

 
—

1,207

 
652

9,159

9,811

(208
)
Hyatt Place Columbus Worthington
OH
2015
(8,612
)
1,063

11,319

 
—

179

 
1,063

11,498

12,561

(259
)
Hyatt Place Indianapolis Keystone
IN
2015
(11,266
)
1,918

13,935

 
—

892

 
1,918

14,827

16,745

(316
)
Hyatt Place Memphis Wolfchase Galleria
TN
2015
(10,279
)
971

14,505

 
—

185

 
971

14,691

15,662

(321
)
Hyatt Place Miami Airport West Doral
FL
2015
(17,369
)
2,634

17,897

 
—

181

 
2,634

18,078

20,712

(397
)
Hyatt Place Nashville Franklin Cool Springs
TN
2015
(14,487
)
2,201

15,003

 
—

185

 
2,201

15,188

17,389

(341
)
Hyatt Place Richmond Innsbrook
VA
2015
(7,420
)
1,584

8,013

 
—

867

 
1,584

8,880

10,464

(237
)
Hyatt Place Tampa Airport Westshore
FL
2015
(16,469
)
3,329

15,710

 
—

1,218

 
3,329

16,929

20,258

(350
)
Residence Inn Lexington South Hamburg Place
KY
2015
(12,006
)
2,044

13,313

 
—

1,212

 
2,044

14,525

16,569

(305
)
SpringHill Suites Lexington Near The University Of Kentucky
KY
2015
(13,700
)
3,321

13,064

 
—

—

 
3,321

13,064

16,385

(300
)
Hampton Inn Albany Wolf Road Airport
NY
2015
(16,170
)
1,717

16,572

 
—

—

 
1,717

16,572

18,289

(388
)
Hampton Inn Colorado Springs Central Airforce Academy
CO
2015
(3,469
)
449

6,322

 
—

—

 
449

6,322

6,771

(170
)
Hampton Inn Baltimore Glen Burnie
MD
2015
(3,393
)
—

5,438

 
—

910

 
—

6,348

6,348

(308
)
Hampton Inn Beckley
WV
2015
(15,481
)
857

13,670

 
—

—

 
857

13,670

14,527

(316
)
Hampton Inn Birmingham Mountain Brook
AL
2015
(8,051
)
—

9,863

 
—

—

 
—

9,863

9,863

(225
)
Hampton Inn Boca Raton
FL
2015
(13,111
)
2,027

10,420

 
—

—

 
2,027

10,420

12,447

(234
)
Hampton Inn Boca Raton Deerfield Beach
FL
2015
(12,243
)
2,781

9,338

 
—

—

 
2,781

9,338

12,119

(218
)
Hampton Inn Charleston Airport Coliseum
SC
2015
(4,088
)
1,768

6,586

 
—

—

 
1,768

6,586

8,354

(178
)
Hampton Inn Chattanooga Airport I 75
TN
2015
(4,664
)
1,827

5,268

 
—

—

 
1,827

5,268

7,095

(177
)
Hampton Inn Chicago Gurnee
IL
2015
(10,745
)
757

12,189

 
—

—

 
757

12,189

12,946

(288
)
Hampton Inn Columbia I 26 Airport
SC
2015
(5,034
)
1,209

3,684

 
—

—

 
1,209

3,684

4,893

(126
)
Hampton Inn Columbus Dublin
OH
2015
(10,545
)
1,140

10,856

 
—

9

 
1,140

10,865

12,005

(251
)
Hampton Inn Columbus Airport
GA
2015
(2,838
)
941

1,251

 
—

—

 
941

1,251

2,192

(93
)
Hampton Inn Detroit Madison Heights South Troy
MI
2015
(11,711
)
1,950

11,834

 
—

—

 
1,950

11,834

13,784

(280
)
Hampton Inn Detroit Northville
MI
2015
(8,355
)
1,210

8,591

 
—

155

 
1,210

8,745

9,955

(240
)
Hampton Inn Kansas City Overland Park
KS
2015
(4,501
)
1,233

9,210

 
—

—

 
1,233

9,210

10,443

(281
)
Hampton Inn Kansas City Airport
MO
2015
(8,580
)
1,362

9,247

 
—

—

 
1,362

9,247

10,609

(218
)
Hampton Inn Memphis Poplar
TN
2015
(12,109
)
2,168

10,618

 
—

—

 
2,168

10,619

12,787

(249
)
Hampton Inn Morgantown
WV
2015
(12,930
)
3,062

12,810

 
—

—

 
3,062

12,810

15,872

(291
)
Hampton Inn Norfolk Naval Base
VA
2015
(3,797
)
—

6,873

 
—

1,142

 
—

8,014

8,014

(244
)
Hampton Inn Palm Beach Gardens
FL
2015
(19,205
)
3,253

17,724

 
—

—

 
3,253

17,724

20,977

(396
)
Hampton Inn Pickwick Dam @ Shiloh Falls
TN
2015
(1,984
)
148

2,089

 
—

—

 
148

2,089

2,237

(71
)
Hampton Inn Scranton @ Montage Mountain
PA
2015
(10,815
)
754

11,174

 
—

—

 
754

11,174

11,928

(270
)
Hampton Inn St Louis Westport
MO
2015
(7,390
)
1,359

8,486

 
—

—

 
1,359

8,486

9,845

(195
)
Hampton Inn State College
PA
2015
(10,965
)
2,509

9,359

 
—

—

 
2,509

9,359

11,868

(238
)
Hampton Inn West Palm Beach Florida Turnpike
FL
2015
(16,257
)
2,008

13,636

 
—

—

 
2,008

13,636

15,644

(306
)
Homewood Suites Hartford Windsor Locks
CT
2015
(10,650
)
3,072

8,996

 
—

89

 
3,072

9,085

12,157

(317
)
Homewood Suites Memphis Germantown
TN
2015
(7,445
)
1,024

8,871

 
—

1,527

 
1,024

10,399

11,423

(249
)
Homewood Suites Phoenix Biltmore
AZ
2015
(16,927
)
—

23,722

 
—

1,001

 
—

24,722

24,722

(518
)
Hampton Inn & Suites Boynton Beach
FL
2015
(26,990
)
1,393

24,759

 
—

—

 
1,393

24,759

26,152

(551
)
Hampton Inn Cleveland Westlake
OH
2015
(11,769
)
4,177

10,002

 
—

9

 
4,177

10,011

14,188

(267
)
Courtyard Athens Downtown
GA
2015
(8,709
)
3,201

7,305

 
—

—

 
3,201

7,305

10,506

(174
)
Courtyard Gainesville
FL
2015
(12,066
)
2,904

8,605

 
—

28

 
2,904

8,633

11,537

(203
)
Courtyard Knoxville Cedar Bluff
TN
2015
(10,463
)
1,289

8,556

 
—

611

 
1,289

9,167

10,456

(191
)
Courtyard Mobile
AL
2015
(4,911
)
—

3,657

 
—

40

 
—

3,698

3,698

(117
)
Courtyard Orlando Altamonte Springs Maitland
FL
2015
(12,547
)
1,716

11,463

 
—

3

 
1,716

11,467

13,183

(259
)
Courtyard Sarasota Bradenton
FL
2015
(8,479
)
1,928

8,334

 
—

1

 
1,928

8,335

10,263

(186
)
Courtyard Tallahassee North I 10 Capital Circle
FL
2015
(10,258
)
2,767

9,254

 
—

—

 
2,767

9,254

12,021

(233
)
Holiday Inn Express & Suites Kendall East Miami
FL
2015
(8,764
)
1,248

7,525

 
—

3

 
1,248

7,528

8,776

(167
)
Residence Inn Chattanooga Downtown
TN
2015
(10,455
)
1,142

10,112

 
—

1,002

 
1,142

11,114

12,256

(218
)
Residence Inn Fort Myers
FL
2015
(8,389
)
1,372

8,765

 
—

1

 
1,372

8,766

10,138

(199
)
Residence Inn Knoxville Cedar Bluff
TN
2015
(10,044
)
1,474

9,580

 
—

—

 
1,474

9,580

11,054

(236
)
Residence Inn Macon
GA
2015
(4,939
)
1,046

5,381

 
—

376

 
1,046

5,757

6,803

(168
)
Residence Inn Mobile
AL
2015
(6,557
)
—

6,714

 
—

—

 
—

6,714

6,714

(166
)
Residence Inn Sarasota Bradenton
FL
2015
(9,997
)
2,138

9,118

 
—

—

 
2,138

9,118

11,256

(220
)
Residence Inn Savannah Midtown
GA
2015
(7,673
)
1,106

9,349

 
—

3

 
1,106

9,351

10,457

(216
)
Residence Inn Tallahassee North I 10 Capital Circle
FL
2015
(9,707
)
1,349

9,983

 
—

113

 
1,349

10,096

11,445

(227
)
Residence Inn Tampa North I 75 Fletcher
FL
2015
(8,881
)
1,251

8,174

 
—

—

 
1,251

8,174

9,425

(209
)
Residence Inn Tampa Sabal Park Brandon
FL
2015
(11,771
)
1,773

10,830

 
—

—

 
1,773

10,830

12,603

(260
)
Courtyard Bowling Green Convention Center
KY
2015
(10,897
)
503

11,003

 
—

22

 
503

11,025

11,528

(251
)
Courtyard Chicago Elmhurst Oakbrook Area
IL
2015
(9,895
)
1,323

11,868

 
—

—

 
1,323

11,868

13,191

(600
)
Courtyard Jacksonville Airport Northeast
FL
2015
(4,931
)
1,783

5,459

 
—

273

 
1,783

5,732

7,515

(192
)
Hampton Inn & Suites Nashville Franklin Cool Springs
TN
2015
(18,987
)
2,526

16,985

 
—

—

 
2,525

16,985

19,510

(400
)
Hampton Inn Boston Peabody
MA
2015
(12,282
)
3,008

11,846

 
—

—

 
3,008

11,846

14,854

(306
)
Hampton Inn Grand Rapids North
MI
2015
(11,430
)
2,191

11,502

 
—

—

 
2,191

11,502

13,693

(280
)
Holiday Inn Charleston Mount Pleasant
SC
2015
(9,275
)
2,675

7,070

 
—

—

 
2,675

7,070

9,745

(281
)
Homewood Suites Boston Peabody
MA
2015
(8,654
)
2,508

8,654

 
—

1,332

 
2,508

9,986

12,494

(279
)
Hyatt Place Las Vegas
NV
2015
(16,994
)
2,902

17,419

 
—

2,425

 
2,902

19,844

22,746

(419
)
Hyatt Place Minneapolis Airport South
MN
2015
(11,548
)
2,519

11,810

 
—

1,181

 
2,519

12,991

15,510

(268
)
Residence Inn Boise Downtown
ID
2015
(8,581
)
1,776

10,203

 
—

65

 
1,776

10,268

12,044

(280
)
Residence Inn Portland Downtown Lloyd Center
OR
2015
(32,610
)
25,213

23,231

 
—

261

 
25,213

23,492

48,705

(595
)
SpringHill Suites Grand Rapids North
MI
2015
(9,977
)
1,063

9,312

 
—

—

 
1,063

9,312

10,375

(208
)
Hyatt Place Kansas City Overland Park Metcalf
KS
2015
(7,700
)
1,038

7,792

 
—

181

 
1,038

7,972

9,010

(236
)
Courtyard Asheville
NC
2015
(12,426
)
2,236

10,290

 
—

—

 
2,236

10,290

12,526

(231
)
Courtyard Dallas Market Center
TX
2015
(18,169
)
—

19,768

 
—

1,611

 
—

21,379

21,379

(437
)
Fairfield Inn & Suites Dallas Market Center
TX
2015
(8,584
)
1,550

7,236

 
—

4

 
1,550

7,240

8,790

(164
)
Hilton Garden Inn Austin Round Rock
TX
2015
(12,050
)
2,797

10,920

 
—

—

 
2,797

10,920

13,717

(255
)
Residence Inn Los Angeles Airport El Segundo
CA
2015
(34,076
)
16,416

21,618

 
—

1,469

 
16,416

23,088

39,504

(479
)
Residence Inn San Diego Rancho Bernardo Scripps Poway
CA
2015
(23,310
)
5,261

18,677

 
—

—

 
5,261

18,677

23,938

(422
)
SpringHill Suites Austin Round Rock
TX
2015
(8,108
)
2,196

8,305

 
—

19

 
2,196

8,324

10,520

(198
)
SpringHill Suites Houston Hobby Airport
TX
2015
(10,863
)
762

11,755

 
—

5

 
762

11,760

12,522

(263
)
SpringHill Suites San Antonio Medical Center Northwest
TX
2015
(5,285
)
—

7,161

 
—

75

 
—

7,236

7,236

(159
)
SpringHill Suites San Diego Rancho Bernardo Scripps Poway
CA
2015
(19,242
)
3,905

16,999

 
—

—

 
3,904

16,999

20,903

(382
)
Hampton Inn Charlotte Gastonia
NC
2015
(9,589
)
1,357

10,073

 
—

—

 
1,357

10,073

11,430

(233
)
Hampton Inn Dallas Addison
TX
2015
(9,191
)
1,538

7,475

 
—

—

 
1,538

7,475

9,013

(180
)
Hampton Inn Fayetteville I 95
NC
2015
(5,324
)
922

7,069

 
—

—

 
922

7,069

7,991

(172
)
Homewood Suites San Antonio Northwest
TX
2015
(13,757
)
1,998

13,060

 
—

913

 
1,998

13,973

15,971

(346
)
Courtyard Dalton
GA
2015
(7,842
)
676

8,241

 
—

819

 
676

9,060

9,736

(191
)
Hampton Inn Orlando International Drive Convention Center
FL
2015
(13,783
)
1,183

14,899

 
—

—

 
1,183

14,899

16,082

(326
)
Hilton Garden Inn Albuquerque North Rio Rancho
NM
2015
(9,472
)
1,141

9,818

 
—

—

 
1,141

9,818

10,959

(233
)
Homewood Suites Orlando International Drive Convention Center
FL
2015
(24,337
)
2,182

26,507

 
—

536

 
2,182

27,043

29,225

(565
)
Hampton Inn Chicago Naperville
IL
2015
(9,307
)
1,363

9,460

 
—

—

 
1,363

9,460

10,823

(253
)
Hampton Inn Indianapolis Northeast Castleton
IN
2015
(11,041
)
1,587

8,144

 
—

—

 
1,587

8,144

9,731

(274
)
Hampton Inn Knoxville Airport
TN
2015
(6,459
)
1,033

5,898

 
—

—

 
1,033

5,898

6,931

(188
)
Hampton Inn Milford
CT
2015
(4,103
)
1,652

5,060

 
—

—

 
1,652

5,060

6,712

(199
)
Homewood Suites Augusta
GA
2015
(6,853
)
874

8,225

 
—

1,093

 
874

9,318

10,192

(198
)
Homewood Suites Seattle Downtown
WA
2015
(52,713
)
12,580

41,011

 
—

5

 
12,580

41,016

53,596

(860
)
Hampton Inn Champaign Urbana
IL
2015
(17,003
)
2,206

17,451

 
—

—

 
2,206

17,451

19,657

(384
)
Hampton Inn East Lansing
MI
2015
(10,702
)
3,219

10,101

 
—

138

 
3,219

10,239

13,458

(234
)
Hilton Garden Inn Louisville East
KY
2015
(15,087
)
1,022

16,350

 
—

13

 
1,022

16,364

17,386

(364
)
Residence Inn Jacksonville Airport
FL
2015
(5,707
)
1,451

6,423

 
—

837

 
1,451

7,260

8,711

(188
)
TownePlace Suites Savannah Midtown
GA
2015
(10,354
)
1,502

7,827

 
—

—

 
1,502

7,827

9,329

(183
)
Courtyard Houston I 10 West Energy Corridor
TX
2015
(19,582
)
10,444

20,710

 
—

2,287

 
10,444

22,997

33,441

(468
)
Courtyard San Diego Carlsbad
CA
2015
(18,901
)
5,080

14,007

 
—

20

 
5,080

14,027

19,107

(329
)
Hampton Inn Austin North @ IH 35 & Highway 183
TX
2015
(13,804
)
1,774

9,798

 
—

12

 
1,774

9,810

11,584

(228
)
SpringHill Suites Asheville
NC
2015
(14,305
)
2,149

9,930

 
—

—

 
2,149

9,930

12,079

(223
)
Hampton Inn College Station
TX
2015
(13,899
)
3,306

10,523

 
—

70

 
3,306

10,594

13,900

(236
)
Courtyard Flagstaff
AZ
2015
(19,849
)
5,258

24,313

 
—

—

 
5,258

24,313

29,571

(184
)
DoubleTree Baton Rouge
LA
2015
(11,978
)
1,497

14,777

 
—

—

 
1,497

14,777

16,274

(132
)
Fairfield Inn & Suites Baton Rouge South
LA
2015
(3,422
)
971

3,391

 
—

—

 
971

3,391

4,362

(34
)
Hampton Inn Medford
OR
2015
(8,556
)
1,245

10,353

 
—

—

 
1,245

10,353

11,598

(77
)
Hampton Inn Fort Wayne Southwest
IN
2015
(8,898
)
1,242

10,511

 
—

—

 
1,242

10,512

11,754

(87
)
Hampton Inn & Suites El Paso Airport
TX
2015
(13,347
)
1,641

18,733

 
—

—

 
1,641

18,733

20,374

(146
)
Residence Inn Fort Wayne Southwest
IN
2015
(10,609
)
1,267

12,136

 
—

—

 
1,267

12,136

13,403

(86
)
SpringHill Suites Baton Rouge South
LA
2015
(4,449
)
1,131

5,744

 
—

—

 
1,131

5,744

6,875

(43
)
SpringHill Suites Flagstaff
AZ
2015
(10,951
)
1,641

14,283

 
—

—

 
1,641

14,284

15,925

(116
)
TownePlace Suites Baton Rouge South
LA
2015
(4,791
)
1,055

6,173

 
—

—

 
1,055

6,173

7,228

(51
)
Courtyard Columbus Downtown
OH
2015
(21,051
)
2,367

25,191

 
—

—

 
2,367

25,191

27,558

(60
)
Hilton Garden Inn Monterey
CA
2015
(19,333
)
6,110

27,713

 
—

—

 
6,110

27,714

33,824

(162
)
Hyatt House Atlanta Cobb Galleria
GA
2015
(21,230
)
4,386

22,777

 
—

—

 
4,385

22,777

27,162

(52
)
Hyatt Place Chicago Schaumburg
IL
2015
(6,637
)
1,519

9,582

 
—

—

 
1,519

9,582

11,101

(59
)
Total
 
 
$(1,651,524)
$317,871
$1,688,896
 
$
—

$41,064
 
$317,871
$1,729,960
$2,047,831
$(39,252)
___________________________________
(1)
The tax basis of aggregate land, buildings and improvements as of December 31, 2015 is $2,171,011 thousand.
(2)
Each of the properties has a depreciable life of: up to 40 years for buildings, up to 15 years for improvements.






A summary of activity for real estate and accumulated depreciation for the period from January 1 to December 31, 2015(1):
 
 
For the Year ended December 31, 2015
 
 
Land, buildings and improvements, at cost:
 
 
 
Balance at January 1, 2015
 
$
93,237

 
Additions-Acquisitions
 
1,917,101

 
Capital improvements
 
37,493

 
Balance at December 31, 2015
 
$
2,047,831

 
 
 
 

 
Accumulated depreciation and amortization:
 
 

 
Balance at January 1, 2015
 
$
(1,569
)
 
Depreciation expense
 
(37,683
)
 
Balance at December 31, 2015
 
$
(39,252
)
 
___________________________________
(1)
The change in the real estate investments for the Predecessor has not been presented because the land, building and improvements were recorded by the Predecessor at the pre-acquisition basis.