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Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2020

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

												Initial Costs												Costs Capitalized Subsequent to Acquisition						Gross Amount at December 31, 2020
Description						Debt						Land & Improvements						Building & Improvements						Land, Building & Improvements						Land & Improvements						Buildings & Improvements						Total (1)						Accumulated Depreciation						Date Acquired						Depreciation Life
Marriott Denver South @ Park Meadows						$	—					$	5,385					$	39,488					$	3,946					$	5,353					$	43,466					$	48,819					$	15,836					2006						15 - 40 years
Marriott Louisville Downtown						—						—						89,541						25,110						92						114,559						114,651						36,502						2006						15 - 40 years
Marriott Chicago Midway						—						4,464						32,736						2,771						4,496						35,475						39,971						12,867						2006						15 - 40 years
Renaissance Boulder Flatiron Hotel						—						4,440						32,557						3,245						4,719						35,523						40,242						12,742						2006						15 - 40 years
Renaissance Fort Lauderdale Plantation Hotel						—						4,842						35,517						8,194						4,876						43,677						48,553						13,898						2006						15 - 40 years
Courtyard Chicago Downtown Magnificent Mile						31,000						8,140						59,696						9,430						8,142						69,124						77,266						24,031						2006						15 - 40 years
Courtyard Chicago Southeast Hammond						—						1,038						7,616						2,236						1,080						9,810						10,890						3,477						2006						15 - 40 years
Courtyard Indianapolis @ The Capitol						—						2,482						18,207						4,101						2,635						22,155						24,790						7,236						2006						15 - 40 years
Courtyard Midway Airport						—						2,172						15,927						2,674						2,197						18,576						20,773						7,394						2006						15 - 40 years
Courtyard Houston Sugarland						—						617						2,331						3,447						731						5,664						6,395						3,623						2006						15 - 40 years
Courtyard Austin Downtown Convention Center						—						6,049						44,361						5,163						6,049						49,524						55,573						15,491						2007						15 - 40 years
Residence Inn Indianapolis Fishers						—						998						7,322						1,092						1,048						8,364						9,412						2,952						2006						15 - 40 years
Residence Inn Chicago Southeast Hammond						—						980						7,190						1,322						1,043						8,449						9,492						2,905						2006						15 - 40 years
Residence Inn Houston By The Galleria						—						2,665						19,549						3,065						2,665						22,614						25,279						8,347						2006						15 - 40 years
Residence Inn Indianapolis Downtown On The Canal						—						2,670						19,588						4,612						2,670						24,200						26,870						7,862						2006						15 - 40 years
Residence Inn Merrillville						—						595						4,372						1,321						595						5,693						6,288						2,143						2006						15 - 40 years
Residence Inn Chicago Naperville						—						1,923						14,101						1,103						1,923						15,204						17,127						5,566						2006						15 - 40 years
Residence Inn Louisville Downtown						—						1,815						13,308						3,015						1,815						16,323						18,138						4,963						2007						15 - 40 years
Residence Inn Austin Downtown Convention Center						—						3,767						27,626						4,312						3,804						31,901						35,705						9,555						2007						15 - 40 years
SpringHill Suites Denver North Westminster						—						2,409						17,670						1,720						2,409						19,390						21,799						7,001						2006						15 - 40 years
Fairfield Inn & Suites Denver Cherry Creek						—						1,203						8,823						1,350						1,203						10,173						11,376						3,810						2006						15 - 40 years
Fairfield Inn & Suites Chicago SE Hammond						—						722						5,301						1,548						790						6,781						7,571						2,505						2006						15 - 40 years
Fairfield Inn & Suites Key West						—						1,803						19,325						3,518						1,853						22,793						24,646						8,258						2006						15 - 40 years
Fairfield Inn & Suites Chicago Midway Airport						—						1,425						10,449						2,012						1,447						12,439						13,886						4,489						2006						15 - 40 years
Hampton Inn Chicago Midway Airport						—						2,747						20,143						3,067						2,793						23,164						25,957						8,439						2006						15 - 40 years

												Initial Costs												Costs Capitalized Subsequent to Acquisition						Gross Amount at December 31, 2020
Description						Debt						Land & Improvements						Building & Improvements						Land, Building & Improvements						Land & Improvements						Buildings & Improvements						Total (1)						Accumulated Depreciation						Date Acquired						Depreciation Life
Hilton Garden Inn Chicago Midway Airport						—						2,978						21,842						1,585						3,000						23,405						26,405						8,517						2006						15 - 40 years
Sleep Inn Midway Airport						—						1,189						8,718						1,863						1,211						10,559						11,770						4,100						2006						15 - 40 years
Holiday Inn Express & Suites Midway Airport						—						1,874						13,742						3,154						1,902						16,868						18,770						5,692						2006						15 - 40 years
TGI Friday's Chicago Midway						—						829						6,139						703						851						6,820						7,671						2,444						2006						15 - 40 years
Hampton Inn Garden City						—						5,691						22,764						2,792						5,737						25,510						31,247						8,292						2007						15 - 40 years
Courtyard Houston By The Galleria						19,000						3,069						22,508						2,073						3,069						24,581						27,650						8,059						2007						15 - 40 years
Embassy Suites Los Angeles Downey						31,000						4,857						29,943						11,520						4,970						41,350						46,320						12,346						2008						15 - 40 years
Embassy Suites Tampa Downtown Convention Center						—						2,161						71,017						14,448						2,425						85,201						87,626						21,524						2010						15 - 40 years
Fairfield Inn & Suites Washington DC Downtown						34,000						16,214						22,265						7,706						16,447						29,738						46,185						8,984						2010						15 - 40 years
Embassy Suites Fort Myers Estero						—						2,816						7,862						1,860						2,926						9,612						12,538						3,102						2010						15 - 40 years
Homewood Suites Washington DC Downtown						—						23,139						34,188						5,104						23,150						39,281						62,431						10,484						2010						15 - 40 years
Hotel Indigo New Orleans Garden District						—						1,901						3,865						11,992						2,082						15,676						17,758						7,127						2010						15 - 40 years
Residence Inn National Harbor Washington DC						—						7,457						37,046						2,119						7,480						39,142						46,622						10,166						2010						15 - 40 years
Hilton Garden Inn New Orleans Convention Center						—						3,405						20,750						9,191						3,479						29,867						33,346						8,237						2010						15 - 40 years
Hilton Garden Inn Los Angeles Hollywood						—						5,303						19,136						10,704						5,667						29,476						35,143						8,635						2010						15 - 40 years
DoubleTree Metropolitan Hotel New York City						—						140,332						188,014						24,524						140,513						212,357						352,870						57,057						2010						15 - 40 years
Renaissance Pittsburgh Hotel						34,000						3,274						39,934						11,147						3,396						50,959						54,355						12,700						2011						15 - 40 years
Courtyard Atlanta Buckhead						—						2,860						21,668						3,840						2,875						25,493						28,368						6,863						2011						15 - 40 years
Marriott Denver Airport @ Gateway Park						—						3,083						38,356						4,854						3,179						43,114						46,293						11,722						2011						15 - 40 years
Embassy Suites West Palm Beach Central						—						3,656						9,614						7,884						3,877						17,277						21,154						6,040						2011						15 - 40 years
Hilton Garden Inn Pittsburgh University Place						—						1,975						18,490						9,024						2,382						27,107						29,489						8,937						2011						15 - 40 years
Courtyard Charleston Historic District						—						2,714						35,828						4,499						3,510						39,531						43,041						9,234						2011						15 - 40 years
Residence Inn Bethesda Downtown						—						8,154						52,749						6,895						8,287						59,511						67,798						13,551						2012						15 - 40 years
Courtyard New York Manhattan Upper East Side						—						20,655						60,222						7,860						21,265						67,472						88,737						15,483						2012						15 - 40 years
Hilton Garden Inn San Francisco Oakland Bay Bridge						—						11,903						22,757						14,212						12,187						36,685						48,872						6,472						2012						15 - 40 years
Embassy Suites Boston Waltham						—						6,268						56,024						4,842						6,386						60,748						67,134						13,503						2012						15 - 40 years
Courtyard Houston Downtown Convention Center						—						5,799						28,953						4,558						6,050						33,260						39,310						7,051						2013						15 - 40 years

												Initial Costs												Costs Capitalized Subsequent to Acquisition						Gross Amount at December 31, 2020
Description						Debt						Land & Improvements						Building & Improvements						Land, Building & Improvements						Land & Improvements						Buildings & Improvements						Total (1)						Accumulated Depreciation						Date Acquired						Depreciation Life
Residence Inn Houston Downtown Convention Center						—						4,674						24,913						4,991						4,875						29,703						34,578						6,164						2013						15 - 40 years
SpringHill Suites Houston Downtown Convention Center						—						2,382						12,756						15,951						2,566						28,523						31,089						6,970						2013						15 - 40 years
Courtyard Waikiki Beach						—						557						79,033						13,102						801						91,891						92,692						18,602						2013						15 - 40 years
Courtyard San Francisco						—						11,277						18,198						28,732						11,291						46,916						58,207						10,985						2013						15 - 40 years
Residence Inn Atlanta Midtown Historic						—						2,812						6,044						7,602						2,969						13,489						16,458						3,080						2013						15 - 40 years
SpringHill Suites Portland Hillsboro						—						3,488						18,283						1,481						3,515						19,737						23,252						3,784						2013						15 - 40 years
Hilton Cabana Miami Beach						—						25,083						40,707						6,905						25,212						47,483						72,695						7,963						2014						15 - 40 years
Hyatt House Charlotte Center City						18,000						3,029						26,193						2,013						3,029						28,206						31,235						4,840						2014						15 - 40 years
Hyatt House Cypress Anaheim						16,000						3,995						9,164						3,964						4,354						12,769						17,123						3,161						2014						15 - 40 years
Hyatt House Emeryville San Francisco Bay Area						36,000						7,425						29,137						6,689						7,517						35,734						43,251						7,303						2014						15 - 40 years
Hyatt House San Diego Sorrento Mesa						—						10,420						21,288						1,423						10,625						22,506						33,131						4,366						2014						15 - 40 years
Hyatt House San Jose Silicon Valley						—						6,820						31,682						2,433						6,894						34,041						40,935						5,644						2014						15 - 40 years
Hyatt House San Ramon						—						5,712						11,852						2,834						5,717						14,681						20,398						3,067						2014						15 - 40 years
Hyatt House Santa Clara						34,000						8,044						27,703						3,157						8,046						30,858						38,904						5,700						2014						15 - 40 years
Hyatt Centric The Woodlands						—						5,950						16,882						1,679						5,957						18,554						24,511						3,159						2014						15 - 40 years
Hyatt Place Fremont Silicon Valley						—						6,209						13,730						1,475						6,271						15,143						21,414						3,017						2014						15 - 40 years
Hyatt Place Madison Downtown						13,000						6,701						25,478						1,399						6,701						26,877						33,578						4,438						2014						15 - 40 years
Embassy Suites Irvine Orange County						—						15,062						33,048						8,900						15,187						41,823						57,010						8,130						2014						15 - 40 years
Courtyard Portland City Center						—						8,019						53,024						1,511						8,022						54,532						62,554						9,236						2014						15 - 40 years
Hyatt Atlanta Midtown						—						3,737						41,731						1,164						3,740						42,892						46,632						7,098						2014						15 - 40 years
DoubleTree Grand Key Resort						—						48,192						27,770						8,253						48,266						35,949						84,215						6,758						2014						15 - 40 years
Hyatt Place Washington DC Downtown K Street						—						10,763						55,225						1,987						10,763						57,212						67,975						7,960						2015						15 - 40 years
Homewood Suites Seattle Lynnwood						19,000						3,933						30,949						204						4,001						31,085						35,086						4,440						2015						15 - 40 years
Residence Inn Palo Alto Los Altos						30,332						16,996						45,786						801						17,099						46,484						63,583						6,680						2015						15 - 40 years
DoubleTree Suites by Hilton Austin						—						7,072						50,827						1,049						7,225						51,723						58,948						4,380						2017						15 - 40 years
DoubleTree Suites by Hilton Orlando - Lake Buena Vista						—						896						44,508						981						989						45,396						46,385						4,006						2017						15 - 40 years
Embassy Suites Atlanta - Buckhead						—						31,279						46,015						8,006						31,479						53,821						85,300						4,485						2017						15 - 40 years
Embassy Suites Birmingham						21,130						10,495						33,568						641						10,512						34,192						44,704						3,020						2017						15 - 40 years
Embassy Suites Dallas - Love Field						25,000						6,408						34,694						1,645						6,413						36,334						42,747						3,092						2017						15 - 40 years
Embassy Suites Deerfield Beach - Resort & Spa						27,972						7,527						56,128						3,772						7,815						59,612						67,427						5,133						2017						15 - 40 years
Embassy Suites Fort Lauderdale 17th Street						31,673						30,933						54,592						3,190						31,277						57,438						88,715						5,195						2017						15 - 40 years

												Initial Costs												Costs Capitalized Subsequent to Acquisition						Gross Amount at December 31, 2020
Description						Debt						Land & Improvements						Building & Improvements						Land, Building & Improvements						Land & Improvements						Buildings & Improvements						Total (1)						Accumulated Depreciation						Date Acquired						Depreciation Life
Embassy Suites Los Angeles - International Airport South						50,000						13,110						94,733						1,841						13,168						96,516						109,684						8,183						2017						15 - 40 years
Embassy Suites Mandalay Beach - Hotel & Resort						—						35,769						53,280						5,143						35,865						58,327						94,192						5,030						2017						15 - 40 years
Embassy Suites Miami - International Airport						—						14,765						18,099						3,336						15,057						21,143						36,200						2,158						2017						15 - 40 years
Embassy Suites Milpitas Silicon Valley						—						43,157						26,399						12,887						43,369						39,074						82,443						3,716						2017						15 - 40 years
Embassy Suites Minneapolis - Airport						33,972						7,248						41,202						17,148						9,673						55,925						65,598						5,887						2017						15 - 40 years
Embassy Suites Orlando - International Drive South/Convention Center						—						4,743						37,687						1,402						4,923						38,909						43,832						3,420						2017						15 - 40 years
Embassy Suites Phoenix - Biltmore						21,000						24,680						24,487						2,833						24,783						27,217						52,000						2,500						2017						15 - 40 years
Embassy Suites San Francisco Airport - South San Francisco						—						39,616						55,163						14,167						39,683						69,263						108,946						5,888						2017						15 - 40 years
Embassy Suites San Francisco Airport - Waterfront						—						3,698						85,270						4,076						4,054						88,990						93,044						8,293						2017						15 - 40 years
San Francisco Marriott Union Square						—						46,773						107,841						13,148						46,883						120,879						167,762						10,849						2017						15 - 40 years
The Knickerbocker New York						—						113,613						119,453						1,626						113,622						121,070						234,692						10,113						2017						15 - 40 years
The Mills House Wyndham Grand Hotel						—						9,599						68,932						989						9,601						69,919						79,520						5,878						2017						15 - 40 years
Wyndham Boston Beacon Hill						—						174						51,934						1,552						178						53,482						53,660						15,955						2017						9 years
Wyndham Houston - Medical Center Hotel & Suites						—						7,776						43,475						278						7,806						43,723						51,529						3,723						2017						15 - 40 years
Wyndham New Orleans - French Quarter						—						300						72,711						736						300						73,447						73,747						6,225						2017						15 - 40 years
Wyndham Philadelphia Historic District						—						8,367						51,914						713						8,405						52,589						60,994						4,452						2017						15 - 40 years
Wyndham Pittsburgh University Center						—						154						31,625						365						158						31,986						32,144						2,696						2017						15 - 40 years
Wyndham San Diego Bayside						—						989						29,440						5,154						1,129						34,454						35,583						8,807						2017						10 years
Wyndham Santa Monica At The Pier						—						27,054						45,866						715						27,081						46,554						73,635						3,965						2017						15 - 40 years
						$	526,079					$	1,076,382					$	3,567,557					$	530,370					$	1,089,597					$	4,084,712					$	5,174,309					$	827,808

(1) The aggregate cost of real estate for federal income tax purposes was approximately $5.0 billion at December 31, 2020.

The change in the total cost of the hotel properties is as follows:

			2020						2019						2018
Reconciliation of Land and Buildings and Improvements
Balance at beginning of period			$	5,127,448					$	5,903,906					$	6,165,296
Add: Acquisitions			—						—						—
Add: Improvements			52,936						91,129						109,403
Less: Sale of hotel properties			(6,075)						(854,087)						(370,793)
Less: Impairment loss			—						(13,500)						—
Balance at end of period			$	5,174,309					$	5,127,448					$	5,903,906

The change in the accumulated depreciation of the real estate assets is as follows:

			2020						2019						2018
Reconciliation of Accumulated Depreciation
Balance at beginning of period			$	(706,040)					$	(759,643)					$	(628,518)
Add: Depreciation for the period			(125,494)						(131,442)						(143,215)
Less: Sale of hotel properties			3,726						185,045						12,090
Balance at end of period			$	(827,808)					$	(706,040)					$	(759,643)

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- References

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- Definition

The entire disclosure of real estate investments and associated accumulated depreciation for entities with a significant portion of their business acquiring and holding investment real estate.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Subsection 28

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 970
-SubTopic 360
-Section S99
-Paragraph 1
-Subparagraph (SX 210.12-28)
-URI http://asc.fasb.org/extlink&oid=120402810&loc=d3e638233-123024

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