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Acquisition of Hotel Properties (Tables) | 3 Months Ended
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Mar. 31, 2019
Business Combinations [Abstract] |
Purchase Price Allocation | The allocation of the purchase price of each hotel acquired by the Company in 2018, based on the fair value on the date of its acquisition, was (in thousands):
| RI Summerville |  | Dallas DT |  |  |  |  |  |
Acquisition date | 8/27/2018 |  | 12/5/2018 |  |  |  |  |  |
Number of Rooms | 96 |  | 167 |  |  |  |  |  |
Land | $ | 2,300 |  | $ | 2,900 |  |  |  |  |  |
Building and improvements | 17,060 |  | 42,760 |  |  |  |  |  |
Furniture, fixtures and equipment | 1,234 |  | 3,340 |  |  |  |  |  |
Cash | — |  | 5 |  |  |  |  |  |
Accounts receivable | — |  | 8 |  |  |  |  |  |
Prepaid expenses and other assets | — |  | 68 |  |  |  |  |  |
Accounts payable and accrued expenses | (9) |  | (33) |  |  |  |  |  |
Net assets acquired, net of cash | $ | 20,585 |  | $ | 49,043 |  |  |  |  |  |
Revenue and Operating Income of New Hotels Acquired | The amount of revenue and operating income from the hotels acquired in 2019 and 2018 from their respective dates of acquisition through March 31, 2019 is as follows (in thousands):
|  | For the three months ended March 31, |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2019 |  |  |  | 2018 |  |  |  |  |  |  |  |  |  |
| Acquisition Date | Revenue |  | Operating Income |  | Revenue |  | Operating Income |  |  |  |  |  |  |  |
Residence Inn Summerville, SC | 08/27/2018 | $ | 800 |  | $ | 254 |  | $ | — |  | $ | — |  |  |  |  |  |  |  |
Courtyard Dallas Downtown, TX | 12/5/2018 | $ | 2,001 |  | $ | 797 |  | — |  | — |  |  |  |  |  |  |  |
Total |  | $ | 2,801 |  | $ | 1,051 |  | $ | — |  | $ | — |  |  |  |  |  |  |  |

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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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