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Acquisition of Hotel Properties (Tables) | 12 Months Ended
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Dec. 31, 2018
Business Combinations [Abstract] |
Purchase Price Allocation | The allocation of the purchase price of each of the hotels acquired by the Company in 2018, based on the fair value on the date of its acquisition, dollars (in thousands):
|  |  | RI Summerville | Dallas DT | HGI Portsmouth | CY Summerville | ES Springfield | Total
Acquisition date |  |  | 8/27/2018 | 12/5/2018 | 9/20/2017 | 11/15/2017 | 12/6/2017 |
Number of rooms (unaudited) |  |  | 96 | 167 | 131 | 96 | 219 | 709
Land |  |  | $ | 2,300 | $ | 2,900 | $ | 3,600 | $ | 2,500 | $ | 7,700 | $ | 19,000
Building and improvements |  |  | 17,060 | 42,760 | 37,630 | 16,923 | 58,807 | 173,180
Furniture, fixtures and equipment |  |  | 1,234 | 3,340 | 2,120 | 730 | 1,490 | 8,914
Cash |  |  | — | 5 | 8 | 1 | 3 | 17
Accounts receivable |  |  | — | 8 | 32 | 1 | — | 41
Prepaid expenses and other assets |  |  | — | 68 | 12 | 28 | 129 | 237
Accounts payable and accrued expenses |  |  | (9) | (33) | (27) | (1) | (51) | (121)
Net assets acquired, net of cash |  |  | $ | 20,585 | $ | 49,043 | $ | 43,367 | $ | 20,181 | $ | 68,075 | $ | 201,251
Revenue and Operating Income of New Hotels Acquired | The amount of revenue and operating income from the hotels acquired in 2018 and 2017 from their respective date of acquisition through December 31, 2018 is as follows (in thousands):
|  |  | For the Year Ended December 31, 2018 |  |  |  | For the Year Ended December 31, 2017 |  |  |  |  |  |
| Acquisition Date |  | Revenue |  | Operating Income |  | Revenue |  | Operating Income |  |  |  |
Hilton Garden Inn Portsmouth, NH | 9/20/17 |  | $ | 9,160 |  | $ | 3,977 |  | $ | 2,453 |  | $ | 1,116 |  |  |  |
Courtyard Summerville, SC | 11/15/17 |  | 3,969 |  | 1,643 |  | 384 |  | 152 |  |  |  |
Embassy Suites Springfield, VA | 12/6/17 |  | 13,886 |  | 5,573 |  | 674 |  | 161 |  |  |  |
Residence Inn Summerville, SC | 8/27/18 |  | 875 |  | 176 |  | — |  | — |  |  |  |
Courtyard Dallas Downtown, TX | 12/5/18 |  | 258 |  | 38 |  | — |  | — |  |  |  |
Total |  |  | $ | 28,148 |  | $ | 11,407 |  | $ | 3,511 |  | $ | 1,429 |  |  |  |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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- Definition Business Acquisition Revenue And Operating Income [Table Text Block] + References No definition available. + Details
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