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Schedule III - Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2021
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III - Real Estate and Accumulated Depreciation
Initial CostsCosts Capitalized Subsequent to AcquisitionGross Amount at December 31, 2021
DescriptionDebtLand &
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 $3,984 $5,353 $43,504 $48,857 $17,052 200615 - 40 years
Marriott Louisville Downtown— — 89,541 25,144 92 114,593 114,685 40,100 200615 - 40 years
Marriott Chicago Midway— 4,464 32,736 3,105 4,496 35,809 40,305 13,835 200615 - 40 years
Renaissance Boulder Flatiron Hotel— 4,440 32,557 3,247 4,719 35,525 40,244 13,715 200615 - 40 years
Renaissance Fort Lauderdale West Hotel— 4,842 35,517 8,126 4,876 43,609 48,485 15,167 200615 - 40 years
Courtyard Chicago Downtown Magnificent Mile31,000 8,140 59,696 9,589 8,148 69,277 77,425 26,054 200615 - 40 years
Courtyard Indianapolis @ The Capitol— 2,482 18,207 4,137 2,635 22,191 24,826 7,887 200615 - 40 years
Courtyard Midway Airport— 2,172 15,927 2,715 2,197 18,617 20,814 7,930 200615 - 40 years
Courtyard Austin Downtown Convention Center— 6,049 44,361 5,197 6,049 49,558 55,607 16,856 200715 - 40 years
Residence Inn Houston By The Galleria— 2,665 19,549 3,095 2,674 22,635 25,309 9,029 200615 - 40 years
Residence Inn Indianapolis Downtown On The Canal— 2,670 19,588 4,798 2,670 24,386 27,056 8,573 200615 - 40 years
Residence Inn Merrillville— 595 4,372 1,321 595 5,693 6,288 2,283 200615 - 40 years
Residence Inn Louisville Downtown— 1,815 13,308 3,191 1,815 16,499 18,314 5,449 200715 - 40 years
Residence Inn Austin Downtown Convention Center— 3,767 27,626 4,390 3,804 31,979 35,783 10,462 200715 - 40 years
SpringHill Suites Denver North Westminster— 2,409 17,670 1,869 2,409 19,539 21,948 7,536 200615 - 40 years
Fairfield Inn & Suites Denver Cherry Creek— 1,203 8,823 1,630 1,203 10,453 11,656 4,113 200615 - 40 years
Fairfield Inn & Suites Key West— 1,803 19,325 3,811 1,853 23,086 24,939 8,978 200615 - 40 years
Fairfield Inn & Suites Chicago Midway Airport— 1,425 10,449 2,056 1,447 12,483 13,930 4,880 200615 - 40 years
Hampton Inn Chicago Midway Airport— 2,747 20,143 3,071 2,793 23,168 25,961 9,109 200615 - 40 years
Hilton Garden Inn Chicago Midway Airport— 2,978 21,842 1,622 3,000 23,442 26,442 9,173 200615 - 40 years
Sleep Inn Midway Airport— 1,189 8,718 1,881 1,211 10,577 11,788 4,430 200615 - 40 years
Holiday Inn Express & Suites Midway Airport— 1,874 13,742 3,169 1,902 16,883 18,785 6,226 200615 - 40 years
TGI Friday's Chicago Midway— 829 6,139 951 851 7,068 7,919 2,649 200615 - 40 years
Hampton Inn Garden City— 5,691 22,764 3,082 5,736 25,801 31,537 9,012 200715 - 40 years
Courtyard Houston By The Galleria19,000 3,069 22,508 2,395 3,069 24,903 27,972 8,744 200715 - 40 years
Embassy Suites Los Angeles Downey31,000 4,857 29,943 11,374 4,969 41,205 46,174 13,688 200815 - 40 years
Initial CostsCosts Capitalized Subsequent to AcquisitionGross Amount at December 31, 2021
DescriptionDebtLand &
Improvements		Building &
Improvements		Land, Building &
Improvements		Land &
Improvements		Buildings &
Improvements		Total (1)Accumulated
Depreciation		Date
Acquired		Depreciation
Life
Embassy Suites Tampa Downtown Convention Center— 2,161 71,017 14,945 2,427 85,696 88,123 24,149 201015 - 40 years
Fairfield Inn & Suites Washington DC Downtown34,000 16,214 22,265 7,833 16,447 29,865 46,312 10,017 201015 - 40 years
Embassy Suites Fort Myers Estero— 2,816 7,862 1,886 2,926 9,638 12,564 3,461 201015 - 40 years
Homewood Suites Washington DC Downtown— 23,139 34,188 5,181 23,150 39,358 62,508 11,653 201015 - 40 years
Hotel Indigo New Orleans Garden District— 1,901 2,793 12,767 2,082 15,379 17,461 8,002 201015 - 40 years
Residence Inn National Harbor Washington DC— 7,457 37,046 2,120 7,480 39,143 46,623 11,238 201015 - 40 years
Hilton Garden Inn New Orleans Convention Center— 3,405 20,750 9,313 3,483 29,985 33,468 9,301 201015 - 40 years
Hilton Garden Inn Los Angeles Hollywood— 5,303 19,136 10,830 5,696 29,573 35,269 9,770 201015 - 40 years
Renaissance Pittsburgh Hotel34,000 3,274 39,934 11,184 3,397 50,995 54,392 14,354 201115 - 40 years
Courtyard Atlanta Buckhead— 2,860 21,668 3,929 2,875 25,582 28,457 7,654 201115 - 40 years
Marriott Denver Airport @ Gateway Park— 3,083 38,356 5,044 3,180 43,303 46,483 13,023 201115 - 40 years
Embassy Suites West Palm Beach Central— 3,656 9,614 8,064 3,877 17,457 21,334 6,798 201115 - 40 years
Hilton Garden Inn Pittsburgh University Place— 1,975 18,490 9,335 2,382 27,418 29,800 9,964 201115 - 40 years
Courtyard Charleston Historic District— 2,714 35,828 4,584 3,534 39,592 43,126 10,413 201115 - 40 years
Residence Inn Bethesda Downtown— 8,154 52,749 6,926 8,287 59,542 67,829 15,342 201215 - 40 years
Courtyard New York Manhattan Upper East Side— 20,655 60,222 8,611 21,269 68,219 89,488 17,529 201215 - 40 years
Hilton Garden Inn San Francisco Oakland Bay Bridge— 11,903 22,757 16,762 12,188 39,234 51,422 7,986 201215 - 40 years
Embassy Suites Boston Waltham— 6,268 56,024 4,942 6,386 60,848 67,234 15,255 201215 - 40 years
Courtyard Houston Downtown Convention Center— 5,799 28,953 5,770 6,071 34,451 40,522 8,070 201315 - 40 years
Residence Inn Houston Downtown Convention Center— 4,674 24,913 5,032 4,875 29,744 34,619 7,048 201315 - 40 years
SpringHill Suites Houston Downtown Convention Center— 2,382 12,756 12,828 2,567 25,399 27,966 8,217 201315 - 40 years
Courtyard Waikiki Beach— 557 79,033 13,703 803 92,490 93,293 21,384 201315 - 40 years
Courtyard San Francisco— 11,277 18,198 28,807 11,291 46,991 58,282 13,127 201315 - 40 years
Residence Inn Atlanta Midtown Historic— 2,812 6,044 7,639 2,969 13,526 16,495 3,604 201315 - 40 years
SpringHill Suites Portland Hillsboro— 3,488 18,283 1,499 3,518 19,752 23,270 4,375 201315 - 40 years
Hilton Cabana Miami Beach— 25,083 40,707 7,346 25,318 47,818 73,136 9,353 201415 - 40 years
Hyatt House Charlotte Center City18,000 3,029 26,193 2,216 3,029 28,409 31,438 5,633 201415 - 40 years
Hyatt House Cypress Anaheim16,000 3,995 9,164 3,964 4,354 12,769 17,123 3,660 201415 - 40 years
Initial CostsCosts Capitalized Subsequent to AcquisitionGross Amount at December 31, 2021
DescriptionDebtLand &
Improvements		Building &
Improvements		Land, Building &
Improvements		Land &
Improvements		Buildings &
Improvements		Total (1)Accumulated
Depreciation		Date
Acquired		Depreciation
Life
Hyatt House Emeryville San Francisco Bay Area36,000 7,425 29,137 7,132 7,517 36,177 43,694 8,482 201415 - 40 years
Hyatt House San Diego Sorrento Mesa— 10,420 21,288 1,492 10,624 22,576 33,200 5,025 201415 - 40 years
Hyatt House San Jose Silicon Valley— 6,820 31,682 2,624 6,942 34,184 41,126 6,598 201415 - 40 years
Hyatt House San Ramon— 5,712 11,852 2,834 5,717 14,681 20,398 3,584 201415 - 40 years
Hyatt House Santa Clara34,000 8,044 27,703 3,161 8,045 30,863 38,908 6,603 201415 - 40 years
Hyatt Centric The Woodlands— 5,950 16,882 2,618 5,977 19,473 25,450 3,698 201415 - 40 years
Hyatt Place Fremont Silicon Valley— 6,209 13,730 1,621 6,271 15,289 21,560 3,485 201415 - 40 years
Hyatt Place Madison Downtown13,000 6,701 25,478 1,505 6,701 26,983 33,684 5,171 201415 - 40 years
Embassy Suites Irvine Orange County— 15,062 33,048 9,007 15,187 41,930 57,117 9,515 201415 - 40 years
Courtyard Portland City Center— 8,019 53,024 1,622 8,021 54,644 62,665 10,662 201415 - 40 years
Hyatt Atlanta Midtown— 3,737 41,731 1,183 3,740 42,911 46,651 8,229 201415 - 40 years
DoubleTree Grand Key Resort— 48,192 27,770 8,476 48,266 36,172 84,438 8,028 201415 - 40 years
Hyatt Place Washington DC Downtown K Street— 10,763 55,225 2,060 10,763 57,285 68,048 9,463 201515 - 40 years
Homewood Suites Seattle Lynnwood19,000 3,933 30,949 276 4,001 31,157 35,158 5,257 201515 - 40 years
Residence Inn Palo Alto Los Altos— 16,996 45,786 847 17,100 46,529 63,629 7,957 201515 - 40 years
DoubleTree Suites by Hilton Austin— 7,072 50,827 1,277 7,269 51,907 59,176 5,735 201715 - 40 years
DoubleTree Suites by Hilton Orlando - Lake Buena Vista— 896 44,508 1,176 1,010 45,570 46,580 5,240 201715 - 40 years
Embassy Suites Atlanta - Buckhead— 31,279 46,015 16,585 31,544 62,335 93,879 6,475 201715 - 40 years
Embassy Suites Birmingham— 10,495 33,568 717 10,512 34,268 44,780 3,948 201715 - 40 years
Embassy Suites Dallas - Love Field25,000 6,408 34,694 1,872 6,413 36,561 42,974 4,061 201715 - 40 years
Embassy Suites Deerfield Beach - Resort & Spa— 7,527 56,128 3,985 7,824 59,816 67,640 6,779 201715 - 40 years
Embassy Suites Fort Lauderdale 17th Street— 30,933 54,592 3,843 31,306 58,062 89,368 6,831 201715 - 40 years
Embassy Suites Los Angeles - International Airport South50,000 13,110 94,733 1,961 13,168 96,636 109,804 10,687 201715 - 40 years
Embassy Suites Mandalay Beach - Hotel & Resort— 35,769 53,280 13,073 35,886 66,236 102,122 6,827 201715 - 40 years
Embassy Suites Miami - International Airport— 14,765 18,099 3,812 15,057 21,619 36,676 2,869 201715 - 40 years
Embassy Suites Milpitas Silicon Valley— 43,157 26,399 13,267 43,369 39,454 82,823 5,215 201715 - 40 years
Embassy Suites Minneapolis - Airport— 7,248 41,202 17,119 9,673 55,896 65,569 8,039 201715 - 40 years
Embassy Suites Orlando - International Drive South/Convention Center— 4,743 37,687 1,521 5,011 38,940 43,951 4,495 201715 - 40 years
Embassy Suites Phoenix - Biltmore21,000 24,680 24,487 3,104 24,784 27,487 52,271 3,320 201715 - 40 years
Initial CostsCosts Capitalized Subsequent to AcquisitionGross Amount at December 31, 2021
DescriptionDebtLand &
Improvements		Building &
Improvements		Land, Building &
Improvements		Land &
Improvements		Buildings &
Improvements		Total (1)Accumulated
Depreciation		Date
Acquired		Depreciation
Life
Embassy Suites San Francisco Airport - South San Francisco— 39,616 55,163 15,385 39,692 70,472 110,164 8,207 201715 - 40 years
Embassy Suites San Francisco Airport - Waterfront— 3,698 85,270 4,260 4,073 89,155 93,228 10,881 201715 - 40 years
San Francisco Marriott Union Square— 46,773 107,841 13,242 46,882 120,974 167,856 14,290 201715 - 40 years
The Knickerbocker New York— 113,613 119,453 2,082 113,622 121,526 235,148 13,179 201715 - 40 years
The Mills House Wyndham Grand Hotel— 9,599 68,932 1,477 9,625 70,383 80,008 7,685 201715 - 40 years
Wyndham Boston Beacon Hill— 174 51,934 1,576 178 53,506 53,684 20,769 20179 years
Wyndham Houston - Medical Center Hotel & Suites— 7,776 43,475 417 7,868 43,800 51,668 4,848 201715 - 40 years
Wyndham New Orleans - French Quarter— 300 72,686 1,273 300 73,959 74,259 8,098 201715 - 40 years
Wyndham Philadelphia Historic District— 8,367 51,914 803 8,406 52,678 61,084 5,810 201715 - 40 years
Wyndham Pittsburgh University Center— 154 31,625 378 158 31,999 32,157 3,517 201715 - 40 years
Wyndham San Diego Bayside— 989 29,440 6,166 1,128 35,467 36,595 11,594 201710 years
Wyndham Santa Monica At The Pier— 27,054 45,866 1,417 27,081 47,256 74,337 5,181 201715 - 40 years
Hampton Inn and Suites Atlanta Midtown— 5,990 48,321 — 5,990 48,321 54,311 516 202115 - 40 years
AC Hotel Boston Downtown— 26,560 53,354 — 26,560 53,354 79,914 475 202115 - 40 years
Moxy Denver Cherry Creek27,554 — 48,725 — — 48,725 48,725 103 202115 - 40 years
$408,554 $962,322 $3,484,985 $530,256 $975,688 $4,001,875 $4,977,563 $870,741 
(1) The aggregate cost of real estate for federal income tax purposes was approximately $4.8 billion at December 31, 2021.
The change in the total cost of the hotel properties is as follows:
202120202019
Reconciliation of Land and Buildings and Improvements
Balance at beginning of period$5,174,309 $5,127,448 $5,903,906 
Add: Acquisitions182,950 — — 
Add: Improvements34,511 52,936 91,129 
Less: Sale of hotel properties (269,362)(6,075)(854,087)
Less: Impairment losses(144,845)— (13,500)
Balance at end of period$4,977,563 $5,174,309 $5,127,448 

The change in the accumulated depreciation of the real estate assets is as follows:
202120202019
Reconciliation of Accumulated Depreciation
Balance at beginning of period$(827,808)$(706,040)$(759,643)
Add: Depreciation for the period(126,759)(125,494)(131,442)
Less: Sale of hotel properties 83,826 3,726 185,045 
Balance at end of period$(870,741)$(827,808)$(706,040)