

										Additions, (dispositions), and (impairments)
				Initial cost						Subsequent to acquisition							Gross amount at December 31, 2017
Brand	Location	Acquisition date	Encumbrance	Land		Buildings & Other		Furniture & equipment		Land		Buildings & Other			Furniture & equipment		Land		Buildings & Other		Furniture & equipment		Accumulated depreciation		Net book value
Super 8	Creston, Iowa	09/19/1978	KEY	$	56	$	765	$	76	$	89	$	1,572		$	907	$	145	$	2,337	$	983	$	(2,274)	$	1,191
Quality Inn	Solomons, Maryland	06/01/1986	KEY		2,304		2,719		269		-		1,565			462		2,304		4,284		731		(3,356)		3,963
Comfort Suites	Ft. Wayne, Indiana	11/07/2005	KEY		1,200		3,964		840		-		1,060			617		1,200		5,024		1,457		(2,765)		4,916
Comfort Suites	South Bend, Indiana	11/30/2005	KEY		500		10,602		910		(302)		(4,714)			684		198		5,888		1,594		(1,884)		5,796
Supertel Inn	Creston, Iowa	06/30/2006	KEY		235		2,364		344		-		(16)			69		235		2,348		413		(1,055)		1,941
Hilton Garden Inn	Dowell, Maryland	05/25/2012	KEY		1,400		9,492		323		-		657			459		1,400		10,149		782		(1,987)		10,344
SpringHill Suites	San Antonio, Texas	10/01/2015	WELLS		1,597		14,353		1,550		-		114			34		1,597		14,467		1,584		(1,416)		16,232
Courtyard by Marriott	Jacksonville, Florida	10/02/2015	WELLS		2,100		11,050		850		-		178			68		2,100		11,228		918		(1,279)		12,967
Hotel Indigo	Atlanta, Georgia	10/02/2015	WELLS		800		8,700		1,500		-		97			212		800		8,797		1,712		(1,335)		9,974
Aloft	Leawood, Kansas	12/14/2016	GWB		3,339		18,046		1,115		-		133			61		3,339		18,179		1,176		(794)		21,900
Home2 Suites	Lexington, Kentucky	03/24/2017	KEY		905		14,204		1,351		-		150			12		905		14,354		1,363		(501)		16,121
Home2 Suites	Round Rock, Texas	03/24/2017	KEY		1,087		14,345		1,285		-		150			2		1,087		14,495		1,287		(480)		16,389
Home2 Suites	Tallahassee, Florida	03/24/2017	KEY		1,519		18,229		1,727		-		159			-		1,519		18,388		1,727		(623)		21,011
Home2 Suites	Southaven, Mississippi	04/14/17	MS		1,311		16,792		897		-		184			9		1,311		16,976		906		(593)		18,600
Hampton Inn & Suites	Lake Mary, Florida	06/19/2017	KEY		1,200		16,432		1,773		-		175			3		1,200		16,607		1,776		(387)		19,196
Fairfield Inn & Suites	El Paso, Texas	08/31/2017	KEY		1,014		14,297		1,089		-		100			-		1,014		14,397		1,089		(203)		16,297
Residence Inn	Austin, Texas	08/31/2017	KEY		1,495		19,630		1,275		-		150			25		1,495		19,780		1,300		(248)		22,327
Subtotal Hotel Properties					22,062		195,984		17,174		(213)		1,714	-		3,624		21,849		197,698		20,798		(21,180)		219,165
Construction in progress					-		-		-		-		87			191		-		87		191		-		278
Office building					69		1,517		-		(69)		(1,517)			505		-		-		505		(368)		137
Total				$	22,131	$	197,501	$	17,174	$	(282)	$	284		$	4,320	$	21,849	$	197,785	$	21,494	$	(21,548)	$	219,580

Encumbrance codes refer to the following lenders:


KEY	KeyBank credit facility
GWB	Great Western Bank
Wells	Wells Fargo
MS	Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18

See accompanying report of independent registered public accounting firm



	ASSET BASIS	Total
(a)	Balance at January 1, 2015	$	214,585
	Additions		46,489
	Disposals		(65,802)
	Impairment loss, net		(6,373)
	Balance at December 31, 2015		188,899
	Additions		25,618
	Disposals		(68,256)
	Impairment loss, net		(2,877)
	Balance at December 31, 2016		143,384
	Additions		134,709
	Disposals		(34,814)
	Impairment loss, net		(2,151)
	Balance at December 31, 2017	$	241,128

	ACCUMULATED DEPRECIATION	Total
(b)	Balance at January 1, 2015	$	75,403
	Depreciation for the period ended December 31, 2015		5,400
	Depreciation on assets sold or disposed		(19,938)
	Impairment loss, net		(2,665)
	Balance at December 31, 2015		58,200
	Depreciation for the period ended December 31, 2016		5,190
	Depreciation on assets sold or disposed		(33,477)
	Impairment loss, net		(1,400)
	Balance at December 31, 2016		28,513
	Depreciation for the period ended December 31, 2017		6,898
	Depreciation on assets sold or disposed		(13,863)
	Balance at December 31, 2017	$	21,548

(a)

The aggregate cost of land, buildings, furniture and equipment for Federal income tax purposes is approximately $245 million (unaudited).

(b)

Depreciation is computed based upon the following useful lives:

Buildings and improvements 15 - 40 years

Furniture and equipment 3 - 12 years

(c)

The Company has mortgages payable on the properties as noted. Additional mortgage information can be found in Note 6 to the consolidated financial statements.