XML 93 R78.htm IDEA: XBRL DOCUMENT v3.8.0.1
Schedule III - Real Estate and Accumulated Depreciation (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2017
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       $ (644,434)
Initial Cost - Land       602,024
Initial Cost - Buildings and Improvements       2,170,163
Costs Capitalized Subsequent to Acquisition       252,928
Gross Amount at End of Year - Land       602,879
Gross Amount at End of Year - Buildings and Improvements       2,422,210
Gross Amount at End of Year - Total $ 2,917,634 $ 3,125,051 $ 2,944,103 3,025,089
Accumulated Depreciation (441,952) (419,309) (355,462) (492,871)
Net Book Value       2,532,218
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]        
Balance at beginning of period 2,917,634 3,125,051 2,944,103  
Acquisitions        
Acquisitions 81,494 0 149,983  
Capital expenditures 68,573 61,823 30,965  
Deductions:        
Dispositions and other (42,612) (269,240) 0  
Balance at end of period 3,025,089 2,917,634 3,125,051  
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at beginning of period 441,952 419,309 355,462  
Depreciation and amortization 60,023 65,490 63,847  
Dispositions and other (9,104) (42,847) 0  
Balance at end of period 492,871 $ 441,952 $ 419,309  
Aggregate cost of properties for Federal income tax purposes       2,988,637
Atlanta Alpharetta Marriott        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       0
Initial Cost - Land       3,623
Initial Cost - Buildings and Improvements       33,503
Costs Capitalized Subsequent to Acquisition       2,186
Gross Amount at End of Year - Land       3,623
Gross Amount at End of Year - Buildings and Improvements       35,689
Gross Amount at End of Year - Total 39,312     39,312
Accumulated Depreciation $ (10,781)     (10,781)
Net Book Value       28,531
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 39,312      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 10,781      
Bethesda Marriott Suites        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       0
Initial Cost - Land       0
Initial Cost - Buildings and Improvements       45,656
Costs Capitalized Subsequent to Acquisition       1,960
Gross Amount at End of Year - Land       0
Gross Amount at End of Year - Buildings and Improvements       47,616
Gross Amount at End of Year - Total 47,616     47,616
Accumulated Depreciation $ (15,476)     (15,476)
Net Book Value       32,140
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 47,616      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 15,476      
Boston Westin        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       (198,046)
Initial Cost - Land       0
Initial Cost - Buildings and Improvements       273,696
Costs Capitalized Subsequent to Acquisition       23,709
Gross Amount at End of Year - Land       0
Gross Amount at End of Year - Buildings and Improvements       297,405
Gross Amount at End of Year - Total 297,405     297,405
Accumulated Depreciation $ (80,503)     (80,503)
Net Book Value       216,902
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 297,405      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 80,503      
Chicago Marriott Downtown        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       0
Initial Cost - Land       36,900
Initial Cost - Buildings and Improvements       347,921
Costs Capitalized Subsequent to Acquisition       73,994
Gross Amount at End of Year - Land       36,900
Gross Amount at End of Year - Buildings and Improvements       421,915
Gross Amount at End of Year - Total 458,815     458,815
Accumulated Depreciation $ (110,069)     (110,069)
Net Book Value       348,746
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 458,815      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 110,069      
The Gwen Chicago        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       0
Initial Cost - Land       31,650
Initial Cost - Buildings and Improvements       76,961
Costs Capitalized Subsequent to Acquisition       22,172
Gross Amount at End of Year - Land       31,650
Gross Amount at End of Year - Buildings and Improvements       99,133
Gross Amount at End of Year - Total 130,783     130,783
Accumulated Depreciation $ (22,536)     (22,536)
Net Book Value       108,247
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 130,783      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 22,536      
Courtyard Denver        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       0
Initial Cost - Land       9,400
Initial Cost - Buildings and Improvements       36,180
Costs Capitalized Subsequent to Acquisition       2,706
Gross Amount at End of Year - Land       9,400
Gross Amount at End of Year - Buildings and Improvements       38,886
Gross Amount at End of Year - Total 48,286     48,286
Accumulated Depreciation $ (6,022)     (6,022)
Net Book Value       42,264
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 48,286      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 6,022      
Courtyard Manhattan / Fifth Avenue        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       0
Initial Cost - Land       0
Initial Cost - Buildings and Improvements       34,685
Costs Capitalized Subsequent to Acquisition       4,252
Gross Amount at End of Year - Land       0
Gross Amount at End of Year - Buildings and Improvements       38,937
Gross Amount at End of Year - Total 38,937     38,937
Accumulated Depreciation $ (12,322)     (12,322)
Net Book Value       26,615
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 38,937      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 12,322      
Courtyard Manhattan / Midtown East        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       (84,067)
Initial Cost - Land       16,500
Initial Cost - Buildings and Improvements       54,812
Costs Capitalized Subsequent to Acquisition       5,131
Gross Amount at End of Year - Land       16,500
Gross Amount at End of Year - Buildings and Improvements       59,943
Gross Amount at End of Year - Total 76,443     76,443
Accumulated Depreciation $ (18,755)     (18,755)
Net Book Value       57,688
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 76,443      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 18,755      
Frenchman's Reef & Morning Star Marriott Beach        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       0
Initial Cost - Land       17,713
Initial Cost - Buildings and Improvements       50,697
Costs Capitalized Subsequent to Acquisition       17,614
Gross Amount at End of Year - Land       17,713
Gross Amount at End of Year - Buildings and Improvements       68,285
Gross Amount at End of Year - Total 85,998     85,998
Accumulated Depreciation $ (15,230)     (15,230)
Net Book Value       70,768
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 85,998      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 15,230      
Hilton Boston        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       0
Initial Cost - Land       23,262
Initial Cost - Buildings and Improvements       128,628
Costs Capitalized Subsequent to Acquisition       12,285
Gross Amount at End of Year - Land       23,262
Gross Amount at End of Year - Buildings and Improvements       140,913
Gross Amount at End of Year - Total 164,175     164,175
Accumulated Depreciation $ (18,527)     (18,527)
Net Book Value       145,648
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 164,175      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 18,527      
Hilton Burlington        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       0
Initial Cost - Land       9,197
Initial Cost - Buildings and Improvements       40,644
Costs Capitalized Subsequent to Acquisition       2,002
Gross Amount at End of Year - Land       9,197
Gross Amount at End of Year - Buildings and Improvements       42,646
Gross Amount at End of Year - Total 51,843     51,843
Accumulated Depreciation $ (5,858)     (5,858)
Net Book Value       45,985
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 51,843      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 5,858      
Hilton Garden Inn New York City/Times Square Central        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       0
Initial Cost - Land       60,300
Initial Cost - Buildings and Improvements       88,896
Costs Capitalized Subsequent to Acquisition       182
Gross Amount at End of Year - Land       60,300
Gross Amount at End of Year - Buildings and Improvements       89,078
Gross Amount at End of Year - Total 149,378     149,378
Accumulated Depreciation $ (7,436)     (7,436)
Net Book Value       141,942
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 149,378      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 7,436      
Hotel Rex        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       0
Initial Cost - Land       7,856
Initial Cost - Buildings and Improvements       21,085
Costs Capitalized Subsequent to Acquisition       (39)
Gross Amount at End of Year - Land       7,856
Gross Amount at End of Year - Buildings and Improvements       21,046
Gross Amount at End of Year - Total 28,902     28,902
Accumulated Depreciation $ (2,702)     (2,702)
Net Book Value       26,200
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 28,902      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 2,702      
Inn At Key West        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       0
Initial Cost - Land       32,888
Initial Cost - Buildings and Improvements       13,371
Costs Capitalized Subsequent to Acquisition       (1,766)
Gross Amount at End of Year - Land       32,888
Gross Amount at End of Year - Buildings and Improvements       11,605
Gross Amount at End of Year - Total 44,493     44,493
Accumulated Depreciation $ (1,075)     (1,075)
Net Book Value       43,418
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 44,493      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 1,075      
JW Marriott Denver at Cherry Creek        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       (63,519)
Initial Cost - Land       9,200
Initial Cost - Buildings and Improvements       63,183
Costs Capitalized Subsequent to Acquisition       1,475
Gross Amount at End of Year - Land       9,200
Gross Amount at End of Year - Buildings and Improvements       64,658
Gross Amount at End of Year - Total 73,858     73,858
Accumulated Depreciation $ (10,623)     (10,623)
Net Book Value       63,235
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 73,858      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 10,623      
L'Auberge de Sedona        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       0
Initial Cost - Land       39,384
Initial Cost - Buildings and Improvements       22,204
Costs Capitalized Subsequent to Acquisition       185
Gross Amount at End of Year - Land       39,384
Gross Amount at End of Year - Buildings and Improvements       22,389
Gross Amount at End of Year - Total 61,773     61,773
Accumulated Depreciation $ (740)     (740)
Net Book Value       61,033
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 61,773      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 740      
Lexington Hotel New York Tenant Leases        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       0
Initial Cost - Land       92,000
Initial Cost - Buildings and Improvements       229,368
Costs Capitalized Subsequent to Acquisition       20,442
Gross Amount at End of Year - Land       92,000
Gross Amount at End of Year - Buildings and Improvements       249,810
Gross Amount at End of Year - Total 341,810     341,810
Accumulated Depreciation $ (39,262)     (39,262)
Net Book Value       302,548
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 341,810      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 39,262      
Orchards Inn Sedona        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       0
Initial Cost - Land       9,726
Initial Cost - Buildings and Improvements       10,180
Costs Capitalized Subsequent to Acquisition       52
Gross Amount at End of Year - Land       9,726
Gross Amount at End of Year - Buildings and Improvements       10,232
Gross Amount at End of Year - Total 19,958     19,958
Accumulated Depreciation $ (230)     (230)
Net Book Value       19,728
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 19,958      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 230      
Renaissance Charleston        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       0
Initial Cost - Land       5,900
Initial Cost - Buildings and Improvements       32,511
Costs Capitalized Subsequent to Acquisition       4,785
Gross Amount at End of Year - Land       5,900
Gross Amount at End of Year - Buildings and Improvements       37,296
Gross Amount at End of Year - Total 43,196     43,196
Accumulated Depreciation $ (6,185)     (6,185)
Net Book Value       37,011
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 43,196      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 6,185      
Renaissance Worthington        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       (84,116)
Initial Cost - Land       15,500
Initial Cost - Buildings and Improvements       63,428
Costs Capitalized Subsequent to Acquisition       16,811
Gross Amount at End of Year - Land       15,500
Gross Amount at End of Year - Buildings and Improvements       80,239
Gross Amount at End of Year - Total 95,739     95,739
Accumulated Depreciation $ (21,013)     (21,013)
Net Book Value       74,726
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 95,739      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 21,013      
Salt Lake City Marriott Downtown        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       (56,717)
Initial Cost - Land       0
Initial Cost - Buildings and Improvements       45,815
Costs Capitalized Subsequent to Acquisition       4,317
Gross Amount at End of Year - Land       855
Gross Amount at End of Year - Buildings and Improvements       49,277
Gross Amount at End of Year - Total 50,132     50,132
Accumulated Depreciation $ (15,684)     (15,684)
Net Book Value       34,448
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 50,132      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 15,684      
Sheraton Suites Key West        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       0
Initial Cost - Land       49,592
Initial Cost - Buildings and Improvements       42,958
Costs Capitalized Subsequent to Acquisition       335
Gross Amount at End of Year - Land       49,592
Gross Amount at End of Year - Buildings and Improvements       43,293
Gross Amount at End of Year - Total 92,885     92,885
Accumulated Depreciation $ (2,769)     (2,769)
Net Book Value       90,116
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 92,885      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 2,769      
Shorebreak Hotel        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       0
Initial Cost - Land       19,908
Initial Cost - Buildings and Improvements       37,525
Costs Capitalized Subsequent to Acquisition       3,035
Gross Amount at End of Year - Land       19,908
Gross Amount at End of Year - Buildings and Improvements       40,560
Gross Amount at End of Year - Total 60,468     60,468
Accumulated Depreciation $ (2,820)     (2,820)
Net Book Value       57,648
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 60,468      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 2,820      
The Lodge at Sonoma, a Renaissance Resort & Spa        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       (28,277)
Initial Cost - Land       3,951
Initial Cost - Buildings and Improvements       22,720
Costs Capitalized Subsequent to Acquisition       6,858
Gross Amount at End of Year - Land       3,951
Gross Amount at End of Year - Buildings and Improvements       29,578
Gross Amount at End of Year - Total 33,529     33,529
Accumulated Depreciation $ (11,045)     (11,045)
Net Book Value       22,484
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 33,529      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 11,045      
Westin Fort Lauderdale Beach Resort        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       0
Initial Cost - Land       54,293
Initial Cost - Buildings and Improvements       83,227
Costs Capitalized Subsequent to Acquisition       4,888
Gross Amount at End of Year - Land       54,293
Gross Amount at End of Year - Buildings and Improvements       88,115
Gross Amount at End of Year - Total 142,408     142,408
Accumulated Depreciation $ (6,624)     (6,624)
Net Book Value       135,784
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 142,408      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 6,624      
Westin San Diego        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       (64,859)
Initial Cost - Land       22,902
Initial Cost - Buildings and Improvements       95,617
Costs Capitalized Subsequent to Acquisition       8,194
Gross Amount at End of Year - Land       22,902
Gross Amount at End of Year - Buildings and Improvements       103,811
Gross Amount at End of Year - Total 126,713     126,713
Accumulated Depreciation $ (13,776)     (13,776)
Net Book Value       112,937
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 126,713      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 13,776      
Westin Washington D.C. City Center        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       (64,833)
Initial Cost - Land       24,579
Initial Cost - Buildings and Improvements       122,229
Costs Capitalized Subsequent to Acquisition       11,361
Gross Amount at End of Year - Land       24,579
Gross Amount at End of Year - Buildings and Improvements       133,590
Gross Amount at End of Year - Total 158,169     158,169
Accumulated Depreciation $ (17,704)     (17,704)
Net Book Value       140,465
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 158,169      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period 17,704      
Vail Marriott Mountain Resort & Spa        
Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances       0
Initial Cost - Land       5,800
Initial Cost - Buildings and Improvements       52,463
Costs Capitalized Subsequent to Acquisition       3,802
Gross Amount at End of Year - Land       5,800
Gross Amount at End of Year - Buildings and Improvements       56,265
Gross Amount at End of Year - Total 62,065     62,065
Accumulated Depreciation $ (17,104)     (17,104)
Net Book Value       $ 44,961
Depreciation Life (in years) 40 years      
Deductions:        
Balance at end of period $ 62,065      
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]        
Balance at end of period $ 17,104