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Favorable Lease Assets (Tables)
9 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets by Major Class
Our favorable lease assets, net of accumulated amortization of $3.2 million and $2.7 million as of September 30, 2018 and December 31, 2017, respectively, consist of the following (in thousands):
 
September 30, 2018
 
December 31, 2017
Westin Boston Waterfront Hotel Ground Lease
$
17,480

 
$
17,643

Hotel Palomar Phoenix Ground Lease
19,838

 

Orchards Inn Sedona Annex Sublease
8,799

 
8,925

Lexington Hotel New York Tenant Leases
99

 
122

 
$
46,216

 
$
26,690