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Real Estate Owned | 12 Months Ended
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Dec. 31, 2019
Real Estate Owned |
Real Estate Owned | Note 9—Real Estate Owned Our real estate assets at both December 31, 2019 and 2018 were comprised of a hotel property and an office building.
|  | December 31, 2019 |  | December 31, 2018
|  | Hotel |  | Office |  |  |  |  | Hotel |  | Office |  |  |
(in thousands) |  | Property |  | Building |  | Total |  | Property |  | Building |  | Total
Land |  | $ | 3,294 |  | $ | 4,509 |  | $ | 7,803 |  | $ | 3,294 |  | $ | 4,509 |  | $ | 7,803
Building and intangible assets |  |  | 31,541 |  |  | 2,010 |  |  | 33,551 |  |  | 31,066 |  |  | 2,010 |  |  | 33,076
Less: Impairment loss |  |  | (14,307) |  |  | (2,500) |  |  | (16,807) |  |  | (13,307) |  |  | (2,500) |  |  | (15,807)
Less: Accumulated depreciation and amortization |  |  | (10,320) |  |  | (1,007) |  |  | (11,327) |  |  | (9,778) |  |  | (848) |  |  | (10,626)
Real estate owned, net |  | $ | 10,208 |  | $ | 3,012 |  | $ | 13,220 |  | $ | 11,275 |  | $ | 3,171 |  | $ | 14,446
During 2019, 2018 and 2017, our hotel property had a weighted average occupancy rate of 51%, 49% and 52%, respectively, a weighted average daily rate of $111, $108 and $108, respectively, and weighted average revenue per available room of $57, $53 and $56, respectively. The operation of a hotel property is seasonal with the majority of revenues earned in the first two quarters of the calendar year. Our office building was fully occupied by a single tenant until April 2017, when the lease expired. The building is currently vacant. Through site visits and discussions with market participants, we determined that our real estate assets exhibited indicators of impairment and, based on our impairment analyses performed, we recorded impairment losses of $1.0 million, $2.0 million and $3.2 million in 2019, 2018 and 2017, respectively. Our real estate assets had restricted cash balances due to escrow requirements totaling $0.5 million at both December 31, 2019 and 2018.

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -URI http://asc.fasb.org/topic&trid=2156125 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 978 -URI http://asc.fasb.org/topic&trid=2134977 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 976 -URI http://asc.fasb.org/topic&trid=2134846 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 974 -URI http://asc.fasb.org/topic&trid=2156429 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 972 -URI http://asc.fasb.org/topic&trid=2134617 + Details
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