Commitments and Contingencies (Tables)

3 Months Ended

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