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Commitments and Contingencies (Tables) | 3 Months Ended
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Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract] |
Minimum Future Obligation Payments Required Under Ground Leases | The following is a schedule of the minimum future payments required under the ground, air rights, garages leases and office lease as of March 31, 2018, for the remainder of 2018 and for each of the next five calendar years and thereafter (in thousands):
| Other Leases(1) |  | Office Lease
| Amount
2018 (remaining nine months) | $ | 953 |  |  | $ | 581 |
2019 | 1,273 |  |  | 792 |
2020 | 1,320 |  |  | 812 |
2021 | 1,326 |  |  | 832 |
2022 | 1,329 |  |  | 853 |
2023 | 1,332 |  |  | 873 |
Thereafter | 69,225 |  |  | 2,436 |
Total | $ | 76,758 |  |  | $ | 7,179 |
(1) Other leases includes ground, garage and air rights leases at our hotels.
Schedule Of Management Agreement Terms | The company renewed six management agreements in 2017. The updated agreements are summarized as follows:
Property | Homewood Suites Billerica | Homewood Suites Bloomington | Homewood Suites Maitland | Homewood Suites Dallas | Homewood Suites Brentwood | Homewood Suites Farmington
Renewal Date | 4/1/2017 |  | 4/1/2017 |  | 5/1/2017 |  | 5/1/2017 |  | 6/1/2017 |  | 8/1/2017 |
Original Management Fee | 2.0 | % | 2.0 | % | 2.0 | % | 2.0 | % | 2.0 | % | 2.0 | %
Amended Management Fee | 3.0 | % | 3.0 | % | 3.0 | % | 3.0 | % | 3.0 | % | 3.0 | %
Original Monthly Accounting Fee | $ | 1,000 |  | $ | 1,000 |  | $ | 1,000 |  | $ | 1,000 |  | $ | 1,000 |  | $ | 1,000 |
Amended Monthly Accounting Fee | $ | 1,200 |  | $ | 1,200 |  | $ | 1,200 |  | $ | 1,200 |  | $ | 1,200 |  | $ | 1,200 |
Original Monthly Revenue Management Fee | $ | 550 |  | $ | 550 |  | $ | 550 |  | $ | 550 |  | $ | 550 |  | $ | 550 |
Amended Monthly Revenue Management Fee | $ | 1,000 |  | $ | 1,000 |  | $ | 1,000 |  | $ | 1,000 |  | $ | 1,000 |  | $ | 1,000 |

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- Definition Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=84164817&loc=d3e45280-112737 + Details
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