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Investment In Hotel Properties
9 Months Ended
Sep. 30, 2017
Investment In Hotel Properties [Abstract]  
Investment In Hotel Properties

NOTE 2.  INVESTMENT IN HOTEL PROPERTIES



Investment in hotel properties consisted of the following at September 30, 2017 and December 31, 2016:





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

As of



 

September 30, 2017

 

December 31, 2016



 

Held for sale

 

Held for use

 

Total

 

Held for sale

 

Held for use

 

Total

Land

 

$

2,291 

 

$

20,216 

 

$

22,507 

 

$

4,727 

 

$

11,685 

 

$

16,412 

Buildings, improvements, vehicle

 

 

16,100 

 

 

182,861 

 

 

198,961 

 

 

40,006 

 

 

68,677 

 

 

108,683 

Furniture and equipment

 

 

4,285 

 

 

17,620 

 

 

21,905 

 

 

9,330 

 

 

8,011 

 

 

17,341 

Initial franchise fees

 

 

165 

 

 

1,529 

 

 

1,694 

 

 

359 

 

 

503 

 

 

862 

Construction-in-progress

 

 

20 

 

 

208 

 

 

228 

 

 

55 

 

 

31 

 

 

86 

Investment in hotel properties

 

 

22,861 

 

 

222,434 

 

 

245,295 

 

 

54,477 

 

 

88,907 

 

 

143,384 

Less accumulated depreciation

 

 

(7,161)

 

 

(13,823)

 

 

(20,984)

 

 

(18,837)

 

 

(9,676)

 

 

(28,513)

Investment in hotel properties, net

 

$

15,700 

 

$

208,611 

 

$

224,311 

 

$

35,640 

 

$

79,231 

 

$

114,871