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Commitments and Contingencies (Tables)

12 Months Ended

Dec. 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, garage leases and office lease as of December 31, 2018, for each of the next five calendar years and thereafter (in thousands):

			Amount
			Other(1)			Office Lease
2019			$	1,273		$	792
2020			1,320			812
2021			1,326			831
2022			1,329			853
2023			1,332			874
Thereafter			69,225			2,436
Total			$	75,805		$	6,598

(1) Other leases included ground, garage and air rights leases at our hotels.

Schedule of Management Agreement Terms

As of December 31, 2018, terms of the Company's management agreements are (dollars are not in thousands):

Property			Management Company			Base Management Fee			Monthly Accounting Fee			Monthly Revenue Management Fee			Incentive Management Fee Cap
Courtyard Altoona			IHM			3.0		%	$	1,500		$	1,000		1.0		%
Springhill Suites Washington			IHM			3.0		%	1,200			1,000			1.0		%
Homewood Suites by Hilton Boston-Billerica/ Bedford/ Burlington			IHM			3.0		%	1,200			1,000			1.0		%
Homewood Suites by Hilton Minneapolis-Mall of America			IHM			3.0		%	1,200			1,000			1.0		%
Homewood Suites by Hilton Nashville-Brentwood			IHM			3.0		%	1,200			1,000			1.0		%
Homewood Suites by Hilton Dallas-Market Center			IHM			3.0		%	1,200			1,000			1.0		%
Homewood Suites by Hilton Hartford-Farmington			IHM			3.0		%	1,200			1,000			1.0		%
Homewood Suites by Hilton Orlando-Maitland			IHM			3.0		%	1,200			1,000			1.0		%
Hampton Inn & Suites Houston-Medical Center			IHM			3.0		%	1,000			1,000			1.0		%
Residence Inn Long Island Holtsville			IHM			3.0		%	1,000			1,000			1.0		%
Residence Inn White Plains			IHM			3.0		%	1,000			750			1.0		%
Residence Inn New Rochelle			IHM			3.0		%	1,000			750			1.0		%
Residence Inn Garden Grove			IHM			3.0		%	1,200			1,000			1.0		%
Residence Inn Mission Valley			IHM			3.0		%	1,200			1,000			1.0		%
Homewood Suites by Hilton San Antonio River Walk			IHM			3.0		%	1,200			1,000			1.0		%
Residence Inn Washington DC			IHM			3.0		%	1,200			1,000			1.0		%
Residence Inn Tysons Corner			IHM			3.0		%	1,200			1,000			1.0		%
Hampton Inn Portland Downtown			IHM			3.0		%	1,000			550			1.0		%
Courtyard Houston			IHM			3.0		%	1,000			550			1.0		%
Hyatt Place Pittsburgh North Shore			IHM			3.0		%	1,500			1,000			1.0		%
Hampton Inn Exeter			IHM			3.0		%	1,200			1,000			1.0		%
Hilton Garden Inn Denver Tech			IHM			3.0		%	1,500			1,000			1.0		%
Residence Inn Bellevue			IHM			3.0		%	1,200			1,000			1.0		%
Springhill Suites Savannah			IHM			3.0		%	1,200			1,000			1.0		%
Residence Inn Silicon Valley I			IHM			3.0		%	1,200			1,000			1.0		%
Residence Inn Silicon Valley II			IHM			3.0		%	1,200			1,000			1.0		%
Residence Inn San Mateo			IHM			3.0		%	1,200			1,000			1.0		%
Residence Inn Mountain View			IHM			3.0		%	1,200			1,000			1.0		%
Hyatt Place Cherry Creek			IHM			3.0		%	1,500			1,000			1.0		%
Courtyard Addison			IHM			3.0		%	1,500			1,000			1.0		%
Courtyard West University Houston			IHM			3.0		%	1,500			1,000			1.0		%
Residence Inn West University Houston			IHM			3.0		%	1,200			1,000			1.0		%
Hilton Garden Inn Burlington			IHM			3.0		%	1,500			1,000			1.0		%
Residence Inn San Diego Gaslamp			IHM			3.0		%	1,500			1,000			1.0		%
Hilton Garden Inn Marina del Rey			IHM			3.0		%	1,500			1,000			1.0		%
Residence Inn Dedham			IHM			3.0		%	1,200			1,000			1.0		%
Residence Inn Il Lugano			IHM			3.0		%	1,500			1,000			1.0		%
Hilton Garden Inn Portsmouth			IHM			3.0		%	1,500			1,000			1.0		%
Courtyard Summerville			IHM			3.0		%	1,500			1,000			1.0		%
Embassy Suites Springfield			IHM			3.0		%	1,500			1,000			1.0		%
Residence Inn Summerville			IHM			3.0		%	1,500			1,000			1.0		%
Courtyard Dallas			IHM			3.0		%	1,500			1,000			1.0		%

Schedule of Franchise Agreement Terms

Terms of the Company's franchise agreements are as of December 31, 2018:

Property						Franchise/Royalty Fee			Marketing/Program Fee			Expiration
Homewood Suites by Hilton Boston-Billerica/ Bedford/ Burlington						4.0		%	4.0		%	2025
Homewood Suites by Hilton Minneapolis-Mall of America						4.0		%	4.0		%	2025
Homewood Suites by Hilton Nashville-Brentwood						4.0		%	4.0		%	2025
Homewood Suites by Hilton Dallas-Market Center						4.0		%	4.0		%	2025
Homewood Suites by Hilton Hartford-Farmington						4.0		%	4.0		%	2025
Homewood Suites by Hilton Orlando-Maitland						4.0		%	4.0		%	2025
Hampton Inn & Suites Houston-Medical Center						5.0		%	4.0		%	2035
Courtyard Altoona						5.5		%	2.0		%	2030
Springhill Suites Washington						5.0		%	2.5		%	2030
Residence Inn Long Island Holtsville						5.5		%	2.5		%	2025
Residence Inn White Plains						5.5		%	2.5		%	2030
Residence Inn New Rochelle						5.5		%	2.5		%	2030
Residence Inn Garden Grove						5.0		%	2.5		%	2031
Residence Inn Mission Valley						5.0		%	2.5		%	2031
Homewood Suites by Hilton San Antonio River Walk						4.0		%	4.0		%	2026
Residence Inn Washington DC						5.5		%	2.5		%	2033
Residence Inn Tysons Corner						5.0		%	2.5		%	2031
Hampton Inn Portland Downtown						6.0		%	4.0		%	2032
Courtyard Houston						5.5		%	2.0		%	2030
Hyatt Place Pittsburgh North Shore						5.0		%	3.5		%	2030
Hampton Inn Exeter						6.0		%	4.0		%	2031
Hilton Garden Inn Denver Tech						5.5		%	4.3		%	2028
Residence Inn Bellevue						5.5		%	2.5		%	2033
Springhill Suites Savannah						5.0		%	2.5		%	2033
Residence Inn Silicon Valley I						5.5		%	2.5		%	2029
Residence Inn Silicon Valley II						5.5		%	2.5		%	2029
Residence Inn San Mateo						5.5		%	2.5		%	2029
Residence Inn Mountain View						5.5		%	2.5		%	2029
Hyatt Place Cherry Creek						3% to 5%			3.5		%	2034
Courtyard Addison						5.5		%	2.0		%	2029
Courtyard West University Houston						5.5		%	2.0		%	2029
Residence Inn West University Houston						6.0		%	2.5		%	2024
Hilton Garden Inn Burlington						5.5		%	4.3		%	2029
Residence Inn San Diego Gaslamp						6.0		%	2.5		%	2035
Hilton Garden Inn Marina del Rey						3% to 5.5%			4.3		%	2030
Residence Inn Dedham						6.0		%	2.5		%	2030
Residence Inn Il Lugano						3% to 6%			2.5		%	2045
Hilton Garden Inn Portsmouth						5.5		%	4.0		%	2037
Courtyard Summerville						6.0		%	2.5		%	2037
Embassy Suites Springfield						5.5		%	4.0		%	2037
Residence Inn Summerville						6.0		%	2.5		%	2038
Courtyard Dallas						4% to 6%			2.0		%	2038

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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.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (b)
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