Acquisition Of Hotel Properties (Tables)

6 Months Ended

Jun. 30, 2017

Acquisition Of Hotel Properties [Abstract]

Schedule Of Purchase Price Allocation

	Date of acquisition	Land		Buildings, improvements, and vehicle		Furniture and equipment		Intangible asset		Estimated earn out		Total purchase price		Debt originated at acquisition		Issuance of CHLP partnership units		Net cash
Home2 Suites	03/24/2017	$	905	$	14,204	$	1,351	$	40	$	-	$	16,500	$	16,455	$	45	$	-
Lexington, KY
Home2 Suites	03/24/2017		1,087		14,345		1,285		33		-		16,750		16,705		45		-
Round Rock, TX
Home2 Suites	03/24/2017		1,519		18,229		1,727		25		-		21,500		21,442		58		-
Tallahassee, FL
Home 2 Suites	04/14/2017		1,311		16,792		897		-		-		19,000		9,096		52		9,852
Southaven, MS
Hampton Inn & Suites	06/19/2017		1,200		16,432		1,773		-		(155) (1)		19,250		19,165		85		-
Lake Mary, FL
Total		$	6,022	$	80,002	$	7,033	$	98	$	(155)	$	93,000	$	82,863	$	285	$	9,852

(1) The Lake Mary purchase price is subject to a post-closing adjustment of up to $250 to be paid to the seller if the hotel achieves a stipulated hotel net operating income level in 2017.  This contingent consideration is included in the purchase price allocation at its estimated fair value on the date of the acquisition.

Schedule Of Pro Forma Results

	Three months ended June 30,				Six months ended June 30,
	2017		2016		2017		2016
Total revenue	$	15,442	$	20,949	$	30,594	$	39,443
Operating income	$	2,229	$	3,477	$	3,272	$	4,520
Net earnings (loss) attributable to common shareholders	$	5,127	$	7,883	$	(8,066)	$	(2,764)
Net earnings (loss) per share attributable to common shareholders - Basic	$	0.44	$	10.37	$	(1.11)	$	(3.64)
Net earnings (loss) per share attributable to common shareholders - Diluted	$	0.41	$	1.26	$	(1.11)	$	(3.64)