

										Additions, (dispositions), and (impairments)
				Initial cost						Subsequent to acquisition						Gross amount at December 31, 2020
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	$	603	$	1,400	$	10,163	$	926	$	(3,045)	$	9,444
SpringHill Suites	San Antonio, Texas	10/01/2015	WELLS		1,597		14,353		1,550		-		122		90		1,597		14,475		1,640		(3,342)		14,370
Courtyard by Marriott	Jacksonville, Florida	10/02/2015	WELLS		2,100		11,050		850		-		336		243		2,100		11,386		1,093		(2,526)		12,053
Hotel Indigo	Atlanta, Georgia	10/02/2015	WELLS		800		8,700		1,500		-		159		285		800		8,859		1,785		(3,065)		8,379
Aloft	Leawood, Kansas	12/14/2016	OSK		3,339		18,046		1,115		-		369		1,537		3,339		18,415		2,652		(3,595)		20,811
Home2 Suites	Lexington, Kentucky	03/24/2017	KEY		905		14,204		1,351		-		159		167		905		14,363		1,518		(2,532)		14,254
Home2 Suites	Round Rock, Texas	03/24/2017	KEY		1,087		14,345		1,285		-		170		35		1,087		14,515		1,320		(2,407)		14,515
Home2 Suites	Tallahassee, Florida	03/24/2017	KEY		1,519		18,229		1,727		-		164		28		1,519		18,393		1,755		(3,120)		18,547
Home2 Suites	Southaven, Mississippi	04/14/2017	MS		1,311		16,792		897		-		180		103		1,311		16,972		1,000		(2,709)		16,574
Hampton Inn & Suites	Lake Mary, Florida	06/19/2017	KEY		1,200		16,432		1,773		-		304		206		1,200		16,736		1,979		(2,799)		17,116
Fairfield Inn & Suites	El Paso, Texas	08/31/2017	KEY		1,014		14,297		1,089		-		117		48		1,014		14,414		1,137		(2,053)		14,512
Residence Inn	Austin, Texas	08/31/2017	KEY		1,495		19,630		1,275		-		163		78		1,495		19,793		1,353		(2,514)		20,127
TownePlace Suites	Austin, Texas	01/18/2018	KEY		1,435		16,459		1,729		-		180		38		1,435		16,639		1,767		(2,144)		17,697
Home2 Suites	Summerville, SC	02/21/2018	KEY		998		13,491		1,854		-		191		36		998		13,682		1,890		(1,934)		14,636
Aloft	Atlanta, Georgia	02/14/2020	KEY		14,728		37,020		2,432		-		-		23		14,728		37,020		2,455		(1,603)		52,600
Subtotal Hotel Properties					34,928		242,540		20,750		-		3,285		3,520		34,928		245,825		24,270		(39,388)		265,635
Construction in progress					-		-		-		-		-		123		-		-		123		-		123
Office building					-		-		-		-		-		352		-		-		352		(341)		11
Total				$	34,928	$	242,540	$	20,750	$	-	$	3,285	$	3,995	$	34,928	$	245,825	$	24,745	$	(39,729)	$	265,769

Encumbrance codes refer to the following lenders:


KEY	KeyBank credit facility
OSK	OSK X, LLC
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, 2018	$	241,128
	Additions		38,198
	Disposals		(22,220)
	Impairment loss, net		93
	Balance at December 31, 2018		257,199
	Additions		1,504
	Disposals		(7,843)
	Balance at December 31, 2019		250,860
	Additions		54,759
	Disposals		(121)
	Balance at December 31, 2020	$	305,498

	ACCUMULATED DEPRECIATION	Total
(b)	Balance at January 1, 2018	$	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
	Depreciation for the period ended December 31, 2020		10,951
	Depreciation on assets sold or disposed		(99)
	Balance at December 31, 2020	$	39,729

(a)

The aggregate cost of land, buildings, furniture and equipment for Federal income tax purposes is approximately $259 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.