Significant Accounting Policies and Recently Issued Accounting Standards (Tables)

6 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

Property Plant and Equipment Estimated Useful Life

Property and equipment and other investments in real estate are stated at cost less accumulated depreciation computed using a straight-line method over the following estimated useful life of each asset:

Buildings and improvements	5 to 40 years
Furniture, fixtures and other equipment	2 to 10 years

Summary of the Number of Hotels, Percentages of Total Hotels and Total Revenues, Excluding Revenue from Discontinued Operations

The number of hotels and percentages of total hotels as of June 30, 2019 and December 31, 2018, and the percentages of our total revenues, excluding revenue from discontinued operations, from these states for the six months ended June 30, 2019 and year ended December 31, 2018 is as follows:

	June 30, 2019								December 31, 2018
	Number of Hotels		Percentage of Total Hotels			Percentage of Total Revenue			Number of Hotels		Percentage of Total Hotels			Percentage of Total Revenue
Texas		68		22	%		21	%		68		22	%		22	%
Florida		49		16	%		18	%		49		16	%		14	%
California		21		7	%		10	%		21		6	%		11	%
Total		138		45	%		49	%		138		44	%		47	%

Our geographic concentration did not significantly change from June 30, 2018 to December 31, 2018.