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Investment in Hotel Properties
 3 Months Ended
Mar. 31, 2018
Investment in Hotel Properties [Abstract]  
Investments in Hotel Properties

NOTE 2.  INVESTMENT IN HOTEL PROPERTIES



Investment in hotel properties consisted of the following at March 31, 2018 and December 31, 2017:





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

As of



 

March 31, 2018

 

December 31, 2017



 

Held for sale

 

Held for use

 

Total

 

Held for sale

 

Held for use

 

Total

Land

 

$

 1,346 

 

$

 22,503 

 

$

 23,849 

 

$

 1,779 

 

$

 20,070 

 

$

 21,849 

Buildings, improvements, vehicle

 

 

 7,290 

 

 

 210,632 

 

 

 217,922 

 

 

 15,459 

 

 

 180,593 

 

 

 196,052 

Furniture and equipment

 

 

 2,453 

 

 

 20,899 

 

 

 23,352 

 

 

 4,446 

 

 

 16,857 

 

 

 21,303 

Initial franchise fees

 

 

 70 

 

 

 1,809 

 

 

 1,879 

 

 

 137 

 

 

 1,509 

 

 

 1,646 

Construction-in-progress

 

 

 2 

 

 

 250 

 

 

 252 

 

 

 7 

 

 

 271 

 

 

 278 

Investment in hotel properties

 

 

 11,161 

 

 

 256,093 

 

 

 267,254 

 

 

 21,828 

 

 

 219,300 

 

 

 241,128 

Less accumulated depreciation

 

 

 (5,046)

 

 

 (15,786)

 

 

 (20,832)

 

 

 (7,978)

 

 

 (13,570)

 

 

 (21,548)

Investment in hotel properties, net

 

$

 6,115 

 

$

 240,307 

 

$

 246,422 

 

$

 13,850 

 

$

 205,730 

 

$

 219,580