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Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]  
Operating Lease, Lease Income
The Company's ground leases consisted of the following (in millions):
Ground Lease Expense
For the year ended December 31,
Hotel Property NameInitial Term ExpirationExtension Term(s) Expiration202020192018 (1)
Wyndham Boston Beacon Hill2028—$0.4 $0.9 $0.9 
Wyndham San Diego Bayside2029—4.1 4.8 4.8 
DoubleTree Suites by Hilton Orlando Lake Buena Vista203220570.3 0.9 0.8 
Residence Inn Palo Alto Los Altos2033—0.1 0.1 0.1 
Wyndham Pittsburgh University Center203820830.7 0.7 0.8 
Marriott Louisville Downtown2053  2153 (2)— — — 
Embassy Suites San Francisco Airport Waterfront2059—1.2 2.4 2.3 
Wyndham New Orleans French Quarter2065—0.5 0.5 0.5 
Courtyard Charleston Historic District2096—1.0 1.0 1.0 
Courtyard Austin Downtown Convention Center and Residence Inn Downtown Convention Center2100—0.4 0.8 0.9 
Courtyard Waikiki Beach2112—3.7 3.6 3.5 
$12.4 $15.7 $15.6 

(1) Excludes $6.6 million of ground lease expense related to hotel properties sold during the year ended December 31, 2018.
(2) The lease may be extended up to four twenty-five year terms at the Company's option.
Schedule of future minimum ground lease payments
The future lease payments for the Company's operating leases are as follows (in thousands):
December 31, 2020
2021$11,201 
202211,309 
202311,405 
202411,465 
202511,516 
Thereafter534,621 
Total future lease payments591,517 
Imputed interest(468,924)
Lease liabilities$122,593 
Assets And Liabilities, Lessee
The following table presents certain information related to the Company's operating leases as of December 31, 2020:

Weighted average remaining lease term62 years
Weighted average discount rate 7.03 %
Schedule of hotel properties operated pursuant to long-term agreements with hotel management companies
As of December 31, 2020, 102 of the Company's consolidated hotel properties were operated pursuant to long-term management agreements with initial terms ranging from one to 25 years, with 13 different management companies as noted in the table below. This number includes 29 consolidated hotel properties that receive the benefits of a franchise agreement pursuant to management agreements with Hilton, Hyatt, or Marriott.
Management CompanyNumber of
Hotel Properties
Aimbridge Hospitality 35
Crestline Hotels and Resorts1
Davidson Hotels and Resorts1
Hilton Management and affiliates19
HEI Hotels and Resorts1
Highgate Hotels5
Hyatt Corporation and affiliates11
InnVentures3
Marriott International, Inc.3
Sage Hospitality4
Urgo Hotels3
White Lodging Services8
Wyndham8
102