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Schedule III - Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2022
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, 2022
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 $4,056 $5,353 $43,576 $48,929 $18,267 200615 - 40 years
Marriott Louisville Downtown— — 89,541 25,148 92 114,597 114,689 43,697 200615 - 40 years
Marriott Chicago Midway— 4,464 32,736 3,209 4,496 35,913 40,409 14,812 200615 - 40 years
Renaissance Boulder Flatiron Hotel— 4,440 32,557 6,664 4,725 38,936 43,661 14,745 200615 - 40 years
Renaissance Fort Lauderdale West Hotel— 4,842 35,517 8,183 4,876 43,666 48,542 16,438 200615 - 40 years
Courtyard Chicago Downtown Magnificent Mile31,000 8,140 59,696 9,632 8,148 69,320 77,468 28,083 200615 - 40 years
Courtyard Indianapolis @ The Capitol— 2,482 18,207 4,191 2,635 22,245 24,880 8,530 200615 - 40 years
Courtyard Midway Airport— 2,172 15,927 2,802 2,202 18,699 20,901 8,447 200615 - 40 years
Courtyard Austin Downtown Convention Center— 6,049 44,361 5,390 6,049 49,751 55,800 18,225 200715 - 40 years
Residence Inn Houston By The Galleria— 2,665 19,549 3,164 2,676 22,702 25,378 9,715 200615 - 40 years
Residence Inn Indianapolis Downtown On The Canal— 2,670 19,588 4,889 2,670 24,477 27,147 9,290 200615 - 40 years
Residence Inn Merrillville— 595 4,372 1,352 595 5,724 6,319 2,423 200615 - 40 years
Residence Inn Louisville Downtown— 1,815 13,308 3,260 1,815 16,568 18,383 5,942 200715 - 40 years
Residence Inn Austin Downtown Convention Center— 3,767 27,626 4,407 3,804 31,996 35,800 11,372 200715 - 40 years
Fairfield Inn & Suites Denver Cherry Creek— 1,203 8,823 1,883 1,203 10,706 11,909 4,432 200615 - 40 years
Fairfield Inn & Suites Key West— 1,803 19,325 3,872 1,860 23,140 25,000 9,713 200615 - 40 years
Fairfield Inn & Suites Chicago Midway Airport— 1,425 10,449 2,038 1,447 12,465 13,912 5,259 200615 - 40 years
Hampton Inn Chicago Midway Airport— 2,747 20,143 3,083 2,793 23,180 25,973 9,767 200615 - 40 years
Hilton Garden Inn Chicago Midway Airport— 2,978 21,842 1,715 3,000 23,535 26,535 9,807 200615 - 40 years
Sleep Inn Midway Airport— 1,189 8,718 1,878 1,211 10,574 11,785 4,741 200615 - 40 years
Holiday Inn Express & Suites Midway Airport— 1,874 13,742 3,237 1,922 16,931 18,853 6,754 200615 - 40 years
TGI Friday's Chicago Midway— 829 6,139 1,018 860 7,126 7,986 2,858 200615 - 40 years
Hampton Inn Garden City— 5,691 22,764 3,652 5,742 26,365 32,107 9,753 200715 - 40 years
Courtyard Houston By The Galleria19,000 3,069 22,508 2,454 3,069 24,962 28,031 9,425 200715 - 40 years
Embassy Suites Los Angeles Downey31,000 4,857 29,943 11,833 4,973 41,660 46,633 15,036 200815 - 40 years
Embassy Suites Tampa Downtown Convention Center— 2,161 71,017 15,009 2,430 85,757 88,187 26,796 201015 - 40 years
Initial CostsCosts Capitalized Subsequent to AcquisitionGross Amount at December 31, 2022
DescriptionDebtLand &
Improvements		Building &
Improvements		Land, Building &
Improvements		Land &
Improvements		Buildings &
Improvements		Total (1)Accumulated
Depreciation		Date
Acquired		Depreciation
Life
Fairfield Inn & Suites Washington DC Downtown34,000 16,214 22,265 7,802 16,447 29,834 46,281 11,053 201015 - 40 years
Embassy Suites Fort Myers Estero— 2,816 7,862 2,294 2,934 10,038 12,972 3,824 201015 - 40 years
Homewood Suites Washington DC Downtown— 23,139 34,188 5,238 23,150 39,415 62,565 12,825 201015 - 40 years
Hotel Indigo New Orleans Garden District— 1,901 2,793 13,845 2,082 16,457 18,539 8,945 201015 - 40 years
Residence Inn National Harbor Washington DC— 7,457 37,046 2,126 7,480 39,149 46,629 12,311 201015 - 40 years
Hilton Garden Inn New Orleans Convention Center— 3,405 20,750 9,436 3,506 30,085 33,591 10,374 201015 - 40 years
Hilton Garden Inn Los Angeles Hollywood— 5,303 19,136 10,909 5,696 29,652 35,348 10,912 201015 - 40 years
Renaissance Pittsburgh Hotel34,000 3,274 39,934 11,233 3,397 51,044 54,441 16,011 201115 - 40 years
Courtyard Atlanta Buckhead— 2,860 21,668 3,966 2,875 25,619 28,494 8,449 201115 - 40 years
Embassy Suites West Palm Beach Central— 3,656 9,614 8,790 3,914 18,146 22,060 7,574 201115 - 40 years
Hilton Garden Inn Pittsburgh University Place— 1,975 18,490 9,363 2,382 27,446 29,828 11,002 201115 - 40 years
Courtyard Charleston Historic District— 2,714 35,828 4,610 3,535 39,617 43,152 11,598 201115 - 40 years
Residence Inn Bethesda Downtown— 8,154 52,749 7,108 8,314 59,697 68,011 17,138 201215 - 40 years
Courtyard New York Manhattan Upper East Side— 20,655 60,222 8,704 21,281 68,300 89,581 19,589 201215 - 40 years
Hilton Garden Inn San Francisco Oakland Bay Bridge— 11,903 22,757 17,633 12,231 40,062 52,293 9,585 201215 - 40 years
Embassy Suites Boston Waltham— 6,268 56,024 5,109 6,386 61,015 67,401 17,014 201215 - 40 years
Courtyard Houston Downtown Convention Center— 5,799 28,953 5,923 6,099 34,576 40,675 9,148 201315 - 40 years
Residence Inn Houston Downtown Convention Center— 4,674 24,913 5,009 4,875 29,721 34,596 7,933 201315 - 40 years
SpringHill Suites Houston Downtown Convention Center— 2,382 12,756 12,400 2,570 24,968 27,538 9,257 201315 - 40 years
Courtyard Waikiki Beach— 557 79,033 13,961 803 92,748 93,551 24,190 201315 - 40 years
Courtyard San Francisco— 11,277 18,198 28,954 11,291 47,138 58,429 15,276 201315 - 40 years
Residence Inn Atlanta Midtown Historic— 2,812 6,044 7,754 2,982 13,628 16,610 4,134 201315 - 40 years
SpringHill Suites Portland Hillsboro— 3,488 18,283 1,582 3,540 19,813 23,353 4,969 201315 - 40 years
Hilton Cabana Miami Beach— 25,083 40,707 7,783 25,356 48,217 73,573 10,774 201415 - 40 years
Hyatt House Charlotte Center City18,000 3,029 26,193 2,204 3,054 28,372 31,426 6,427 201415 - 40 years
Hyatt House Cypress Anaheim16,000 3,995 9,164 3,976 4,354 12,781 17,135 4,159 201415 - 40 years
Hyatt House Emeryville San Francisco Bay Area36,000 7,425 29,137 7,902 7,517 36,947 44,464 9,681 201415 - 40 years
Hyatt House San Diego Sorrento Mesa— 10,420 21,288 1,805 10,651 22,862 33,513 5,695 201415 - 40 years
Initial CostsCosts Capitalized Subsequent to AcquisitionGross Amount at December 31, 2022
DescriptionDebtLand &
Improvements		Building &
Improvements		Land, Building &
Improvements		Land &
Improvements		Buildings &
Improvements		Total (1)Accumulated
Depreciation		Date
Acquired		Depreciation
Life
Hyatt House San Jose Silicon Valley— 6,820 31,682 3,143 6,972 34,673 41,645 7,581 201415 - 40 years
Hyatt House San Ramon— 5,712 11,852 2,884 5,723 14,725 20,448 4,101 201415 - 40 years
Hyatt House Santa Clara34,000 8,044 27,703 3,180 8,045 30,882 38,927 7,507 201415 - 40 years
Hyatt Centric The Woodlands— 5,950 16,882 2,773 5,977 19,628 25,605 4,251 201415 - 40 years
Hyatt Place Fremont Silicon Valley— 6,209 13,730 1,749 6,292 15,396 21,688 3,958 201415 - 40 years
Hyatt Place Madison Downtown13,000 6,701 25,478 1,588 6,709 27,058 33,767 5,909 201415 - 40 years
Embassy Suites Irvine Orange County— 15,062 33,048 9,094 15,190 42,014 57,204 10,909 201415 - 40 years
Courtyard Portland City Center— 8,019 53,024 1,647 8,021 54,669 62,690 12,093 201415 - 40 years
Hyatt Atlanta Midtown— 3,737 41,731 1,293 3,740 43,021 46,761 9,361 201415 - 40 years
DoubleTree Grand Key Resort— 48,192 27,770 8,825 48,330 36,457 84,787 9,315 201415 - 40 years
Hyatt Place Washington DC Downtown K Street— 10,763 55,225 2,071 10,763 57,296 68,059 10,968 201515 - 40 years
Homewood Suites Seattle Lynnwood19,000 3,933 30,949 370 4,001 31,251 35,252 6,081 201515 - 40 years
Residence Inn Palo Alto Los Altos— 16,996 45,786 868 17,100 46,550 63,650 9,236 201515 - 40 years
DoubleTree Suites by Hilton Austin— 7,072 50,827 1,690 7,284 52,305 59,589 7,112 201715 - 40 years
DoubleTree Suites by Hilton Orlando - Lake Buena Vista— 896 44,508 1,579 1,010 45,973 46,983 6,496 201715 - 40 years
Embassy Suites Atlanta - Buckhead— 31,279 46,015 18,027 31,544 63,777 95,321 8,694 201715 - 40 years
Embassy Suites Birmingham— 10,495 33,568 904 10,512 34,455 44,967 4,886 201715 - 40 years
Embassy Suites Dallas - Love Field25,000 6,408 34,694 2,151 6,413 36,840 43,253 5,041 201715 - 40 years
Embassy Suites Deerfield Beach - Resort & Spa— 7,527 56,128 10,627 7,840 66,442 74,282 8,527 201715 - 40 years
Embassy Suites Fort Lauderdale 17th Street— 30,933 54,592 4,529 31,311 58,743 90,054 8,516 201715 - 40 years
Embassy Suites Los Angeles - International Airport South50,000 13,110 94,733 2,901 13,168 97,576 110,744 13,212 201715 - 40 years
Embassy Suites Miami - International Airport— 14,765 18,099 5,641 15,057 23,448 38,505 3,609 201715 - 40 years
Embassy Suites Milpitas Silicon Valley— 43,157 26,399 13,400 43,370 39,586 82,956 6,728 201715 - 40 years
Embassy Suites Minneapolis - Airport— 7,248 41,202 17,243 9,676 56,017 65,693 10,197 201715 - 40 years
Embassy Suites Orlando - International Drive South/Convention Center— 4,743 37,687 1,782 5,011 39,201 44,212 5,577 201715 - 40 years
Embassy Suites Phoenix - Biltmore21,000 24,680 24,487 6,905 24,784 31,288 56,072 4,202 201715 - 40 years
Embassy Suites San Francisco Airport - South San Francisco— 39,616 55,163 16,044 39,700 71,123 110,823 10,573 201715 - 40 years
Embassy Suites San Francisco Airport - Waterfront— 3,698 85,270 4,435 4,169 89,234 93,403 13,480 201715 - 40 years
Zachari Dunes on Mandalay Beach, Curio Collection by Hilton— 35,769 53,280 29,834 36,753 82,130 118,883 9,577 201715 - 40 years
Initial CostsCosts Capitalized Subsequent to AcquisitionGross Amount at December 31, 2022
DescriptionDebtLand &
Improvements		Building &
Improvements		Land, Building &
Improvements		Land &
Improvements		Buildings &
Improvements		Total (1)Accumulated
Depreciation		Date
Acquired		Depreciation
Life
DoubleTree by Hilton Houston Medical Center Hotel & Suites— 7,776 43,475 1,682 7,992 44,941 52,933 6,012 201715 - 40 years
Mills House Charleston, Curio Collection by Hilton— 9,599 68,932 9,979 10,378 78,132 88,510 9,737 201715 - 40 years
San Francisco Marriott Union Square— 46,773 107,841 13,269 46,883 121,000 167,883 17,735 201715 - 40 years
The Knickerbocker New York— 113,613 119,453 2,634 113,758 121,942 235,700 16,267 201715 - 40 years
The Pierside Santa Monica— 27,054 45,866 9,746 27,149 55,517 82,666 6,552 201715 - 40 years
Wyndham Boston Beacon Hill— 174 51,934 1,754 178 53,684 53,862 25,587 20177 years
Wyndham New Orleans - French Quarter— 300 72,686 1,510 300 74,196 74,496 10,018 201715 - 40 years
Wyndham Philadelphia Historic District— 8,367 51,914 931 8,408 52,804 61,212 7,173 201715 - 40 years
Wyndham Pittsburgh University Center— 154 31,625 477 185 32,071 32,256 4,339 201715 - 40 years
Wyndham San Diego Bayside— 989 29,440 6,625 1,205 35,849 37,054 14,416 20178 years
AC Hotel Boston Downtown— 26,560 53,354 40 26,560 53,394 79,954 1,823 202115 - 40 years
Hampton Inn and Suites Atlanta Midtown— 5,990 48,321 9 5,993 48,327 54,320 1,724 202115 - 40 years
Moxy Denver Cherry Creek27,193 — 48,725 24 — 48,749 48,749 1,323 202115 - 40 years
21c Hotel Nashville— 19,807 36,223 — 19,807 36,223 56,030 452 202215 - 40 years
$408,193 $976,637 $3,465,182 $591,295 $992,609 $4,040,505 $5,033,114 $975,029 

(1) The aggregate cost of real estate for federal income tax purposes was approximately $4.9 billion at December 31, 2022.
The change in the total cost of the hotel properties is as follows:
202220212020
Reconciliation of Land and Buildings and Improvements
Balance at beginning of period$4,977,563 $5,174,309 $5,127,448 
Add: Acquisitions56,030 182,950 — 
Add: Improvements68,012 34,511 52,936 
Less: Sale of hotel properties (68,491)(269,362)(6,075)
Less: Impairment losses— (144,845)— 
Balance at end of period$5,033,114 $4,977,563 $5,174,309 

The change in the accumulated depreciation of the real estate assets is as follows:
202220212020
Reconciliation of Accumulated Depreciation
Balance at beginning of period$(870,741)$(827,808)$(706,040)
Add: Depreciation for the period(125,203)(126,759)(125,494)
Less: Sale of hotel properties 20,915 83,826 3,726 
Balance at end of period$(975,029)$(870,741)$(827,808)