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Investment In Hotel Properties
12 Months Ended
Dec. 31, 2015
Investment In Hotel Properties [Abstract]  
Investment In Hotel Properties

 

NOTE 2.  INVESTMENT IN HOTEL PROPERTIES

 

Investments in hotel properties consisted of the following at December 31:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31,

 

 

2015

 

2014

 

 

Held for sale

 

Held for use

 

Total

 

Held for sale

 

Held for use

 

Total

Land

 

$

3,088 

 

$

15,779 

 

$

18,867 

 

$

14,154 

 

$

11,334 

 

$

25,488 

Acquired below market

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

lease intangibles

 

 

883 

 

 

 -

 

 

883 

 

 

883 

 

 

 -

 

 

883 

Buildings, improvements, vehicle

 

 

30,868 

 

 

107,238 

 

 

138,106 

 

 

75,240 

 

 

77,969 

 

 

153,209 

Furniture and equipment

 

 

9,188 

 

 

21,400 

 

 

30,588 

 

 

18,442 

 

 

15,776 

 

 

34,218 

Construction-in-progress

 

 

 

 

453 

 

 

455 

 

 

346 

 

 

441 

 

 

787 

 

 

 

44,029 

 

 

144,870 

 

 

188,899 

 

 

109,065 

 

 

105,520 

 

 

214,585 

Less accumulated depreciation

 

 

(20,262)

 

 

(37,938)

 

 

(58,200)

 

 

(37,072)

 

 

(38,331)

 

 

(75,403)

 

 

$

23,767 

 

$

106,932 

 

$

130,699 

 

$

71,993 

 

$

67,189 

 

$

139,182