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Acquisitions
12 Months Ended
Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]  
Acquisitions Acquisitions
On July 29, 2021, we acquired the 218-room Bourbon Orleans Hotel located in New Orleans, Louisiana, for net consideration of $90.1 million, including prorations and transaction costs. The acquisition was funded with corporate cash.

On July 30, 2021, we acquired the 37-room Henderson Park Inn located in Destin, Florida, for net consideration of $26.4 million, including prorations and transaction costs. The acquisition was funded with corporate cash.

On December 23, 2021, we acquired the 216-room Henderson Beach Resort located in Destin, Florida, for net consideration of $110.1 million, including prorations and transaction costs. The acquisition was funded with corporate cash. The acquisition includes income from 46 units owned by third parties that currently participate in the hotel's rental management program. The remaining 170 rooms are owned fee simple by the Company.
On January 6, 2022, we acquired the 103-room Tranquility Bay Beachfront Resort located in Marathon, Florida, for net consideration of $62.3 million, including prorations and transaction costs. The acquisition was funded with corporate cash. The acquisition includes income from 87 units owned by third parties that currently participate in the hotel's rental management program. The remaining 16 rooms are owned fee simple by the Company.