

										Additions, (dispositions), and (impairments)
				Initial cost						Subsequent to acquisition						Gross amount at December 31, 2019
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
Hilton Garden Inn	Dowell, Maryland	05/25/2012	KEY		1,400		9,492		323		-		671		589		1,400		10,163		912		(2,699)		9,776
SpringHill Suites	San Antonio, Texas	10/01/2015	WELLS		1,597		14,353		1,550		-		122		88		1,597		14,475		1,638		(2,698)		15,012
Courtyard by Marriott	Jacksonville, Florida	10/02/2015	WELLS		2,100		11,050		850		-		336		232		2,100		11,386		1,082		(2,167)		12,401
Hotel Indigo	Atlanta, Georgia	10/02/2015	WELLS		800		8,700		1,500		-		177		267		800		8,877		1,767		(2,540)		8,904
Aloft	Leawood, Kansas	12/14/2016	GWB		3,339		18,046		1,115		-		369		1,487		3,339		18,415		2,602		(2,558)		21,798
Home2 Suites	Lexington, Kentucky	03/24/2017	KEY		905		14,204		1,351		-		159		49		905		14,363		1,400		(1,840)		14,828
Home2 Suites	Round Rock, Texas	03/24/2017	KEY		1,087		14,345		1,285		-		160		13		1,087		14,505		1,298		(1,761)		15,129
Home2 Suites	Tallahassee, Florida	03/24/2017	KEY		1,519		18,229		1,727		-		164		20		1,519		18,393		1,747		(2,285)		19,374
Home2 Suites	Southaven, Mississippi	04/14/2017	MS		1,311		16,792		897		-		180		34		1,311		16,972		931		(2,164)		17,050
Hampton Inn & Suites	Lake Mary, Florida	06/19/2017	KEY		1,200		16,432		1,773		-		304		200		1,200		16,736		1,973		(1,972)		17,937
Fairfield Inn & Suites	El Paso, Texas	08/31/2017	KEY		1,014		14,297		1,089		-		117		32		1,014		14,414		1,121		(1,433)		15,116
Residence Inn	Austin, Texas	08/31/2017	KEY		1,495		19,630		1,275		-		163		53		1,495		19,793		1,328		(1,755)		20,861
TownePlace Suites	Austin, Texas	01/18/2018	KEY		1,435		16,459		1,729		-		133		20		1,435		16,592		1,749		(1,405)		18,371
Home2 Suites	Summerville, SC	02/21/2018	KEY		998		13,491		1,854		-		180		21		998		13,671		1,875		(1,248)		15,296
Subtotal Hotel Properties					20,200		205,520		18,318		-		3,235		3,105		20,200		208,755		21,423		(28,525)		221,853
Construction in progress					-		-		-		-		-		100		-		-		100		-		100
Office building					-		-		-		-		-		382		-		-		382		(352)		30
Total				$	20,200	$	205,520	$	18,318	$	-	$	3,235	$	3,587	$	20,200	$	208,755	$	21,905	$	(28,877)	$	221,983

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, 2017	$	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
	Additions		1,504
	Disposals		(7,843)
	Balance at December 31, 2019	$	250,860

	ACCUMULATED DEPRECIATION	Total
(b)	Balance at January 1, 2017	$	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
	Depreciation for the period ended December 31, 2019		9,563
	Depreciation on assets sold or disposed		(3,615)
	Balance at December 31, 2019	$	28,877

(a)

The aggregate cost of land, buildings, furniture and equipment for Federal income tax purposes is approximately $253 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.