OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assets and liabilities and related accumulated amortization and accretion

A schedule of our intangible assets and liabilities and related accumulated amortization and accretion as of December 31, 2016 and 2015, is as follows:

	Assets														Liabilities
December 31, 2016	Acquired Above-Market Leases			Acquired  In-Place Leases			Tax Abatement			Acquired  Below-Market Ground Lease			Trade Name and License		Acquired  Below-Market Leases
	(in thousands)
Gross balance	$	215		$	11,551		$	4,273		$	11,685		$	2,957	$	(18,893	)
Accumulated amortization	(180		)	(8,443		)	(2,873		)	(1,562		)	—		15,317
	$	35		$	3,108		$	1,400		$	10,123		$	2,957	$	(3,576	)
Average useful life (in years)	8			10			8			84			Indefinite		8

	Assets																	Liabilities
December 31, 2015	Acquired Above-Market Leases			Acquired  In-Place Leases			Tax Abatement			Franchise  Affiliation  Fee(1)			Acquired  Below-Market Ground Lease			Trade Name and License		Acquired  Below-Market Leases
	(in thousands)
Gross balance	$	966		$	21,398		$	4,273		$	3,936		$	11,685		$	2,957	$	(19,722	)
Accumulated amortization	(843		)	(16,943		)	(2,322		)	(3,375		)	(1,422		)	—		13,636
	$	123		$	4,455		$	1,951		$	561		$	10,263		$	2,957	$	(6,086	)
Average useful life (in years)	7			8			8			10			84			Indefinite		8

(1) Franchise affiliation fee is associated with the Courtyard Oakland, which was sold in February 2016 (Note 4).

Schedule of future amortization and accretion of acquisition related intangible assets and liabilities

A schedule of future amortization and accretion of acquisition related intangible assets and liabilities as of December 31, 2016, is as follows:

	Assets								Liabilities
	Acquired		Acquired				Acquired		Acquired
	Above-Market		In-Place		Tax		Below-Market		Below-Market
Years Ending December 31,	Leases		Leases		Abatement		Ground Lease		Leases
	(in thousands)
2017	$	26	$	871	$	551	$	140	$	(2,405	)
2018	9		733		551		140		(971		)
2019	—		464		298		140		(200		)
2020	—		207		—		140		—
2021	—		207		—		140		—
Thereafter	—		626		—		9,423		—
	$	35	$	3,108	$	1,400	$	10,123	$	(3,576	)