

										Additions, (dispositions), and (impairments)
				Initial cost						Subsequent to acquisition						Gross amount at December 31, 2018
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
Quality Inn	Solomons, Maryland	06/01/1986	KEY	$	2,304	$	2,719	$	269	$	-	$	1,768	$	450	$	2,304	$	4,487	$	719	$	(3,425)	$	4,085
Hilton Garden Inn	Dowell, Maryland	05/25/2012	KEY		1,400		9,492		323		-		671		523		1,400		10,163		846		(2,363)		10,046
SpringHill Suites	San Antonio, Texas	10/01/2015	WELLS		1,597		14,353		1,550		-		114		61		1,597		14,467		1,611		(2,053)		15,622
Courtyard by Marriott	Jacksonville, Florida	10/02/2015	WELLS		2,100		11,050		850		-		245		206		2,100		11,295		1,056		(1,812)		12,639
Hotel Indigo	Atlanta, Georgia	10/02/2015	WELLS		800		8,700		1,500		-		198		252		800		8,898		1,752		(1,941)		9,509
Aloft	Leawood, Kansas	12/14/2016	GWB		3,339		18,046		1,115		-		365		407		3,339		18,411		1,522		(1,583)		21,689
Home2 Suites	Lexington, Kentucky	03/24/2017	KEY		905		14,204		1,351		-		156		15		905		14,360		1,366		(1,170)		15,461
Home2 Suites	Round Rock, Texas	03/24/2017	KEY		1,087		14,345		1,285		-		150		5		1,087		14,495		1,290		(1,119)		15,753
Home2 Suites	Tallahassee, Florida	03/24/2017	KEY		1,519		18,229		1,727		-		159		3		1,519		18,388		1,730		(1,452)		20,185
Home2 Suites	Southaven, Mississippi	04/14/2017	MS		1,311		16,792		897		-		180		53		1,311		16,972		950		(1,385)		17,848
Hampton Inn & Suites	Lake Mary, Florida	06/19/2017	KEY		1,200		16,432		1,773		-		273		135		1,200		16,705		1,908		(1,175)		18,638
Fairfield Inn & Suites	El Paso, Texas	08/31/2017	KEY		1,014		14,297		1,089		-		115		32		1,014		14,412		1,121		(815)		15,732
Residence Inn	Austin, Texas	08/31/2017	KEY		1,495		19,630		1,275		-		155		46		1,495		19,785		1,321		(1,001)		21,600
TownePlace Suites	Austin, Texas	01/18/2018	KEY		1,435		16,459		1,729		-		129		-		1,435		16,588		1,729		(672)		19,080
Home2 Suites	Summerville, SC	02/21/2018	KEY		998		13,491		1,854		-		175		4		998		13,666		1,858		(566)		15,956
Subtotal Hotel Properties					22,504		208,239		18,587		-		4,853		2,192		22,504		213,092		20,779		(22,532)		233,843
Construction in progress					-		-		-		-		45		285		-		45		285		-		330
Office building					-		-		-		-		-		494		-		-		494		(397)		97
Total				$	22,504	$	208,239	$	18,587	$	-	$	4,898	$	2,971	$	22,504	$	213,137	$	21,558	$	(22,929)	$	234,270

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, 2016	$	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
	Additions		38,198
	Disposals		(22,220)
	Impairment recovery, net		93
	Balance at December 31, 2018	$	257,199

	ACCUMULATED DEPRECIATION	Total
(b)	Balance at January 1, 2016	$	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
	Depreciation for the period ended December 31, 2018		9,475
	Depreciation on assets sold or disposed		(8,094)
	Balance at December 31, 2018	$	22,929

(a)

The aggregate cost of land, buildings, furniture and equipment for Federal income tax purposes is approximately $256 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.