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Subsequent Events
9 Months Ended
Sep. 30, 2016
Subsequent Events [Abstract]  
Subsequent Events

NOTE 15. SUBSEQUENT EVENTS



Dispositions



The Company sold the 60-room Comfort Inn in Glasgow, Kentucky on October 14, 2016 for gross proceeds of $2,400, the 86-room Days Inn in Sioux Falls, South Dakota on November 4, 2016 for gross proceeds of $2,095, and the 76-room Comfort Inn in Shelby, North Carolina on November 7, 2016 for gross proceeds of $4,090. After repayment of the associated loans, proceeds from these sales will be used to fund future acquisitions and for general corporate purposes.



Dividends Paid



On September 15, 2016, the Board of Directors declared a common stock dividend of $0.03 per share.  This dividend was paid on October 12, 2016 to shareholders of record on September 29, 2016