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Investment in Unconsolidated Entities (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of Equity Method Investments [Line Items]

Investment in hotel properties, net as of June 30, 2019 and December 31, 2018 consisted of the following (in thousands):


	June 30, 2019		December 31, 2018
Land and improvements	$	288,662	$	296,253
Building and improvements	1,211,555		1,214,780
Furniture, fixtures and equipment	78,609		73,411
Renovations in progress	24,107		25,370
	1,602,933		1,609,814
Less: accumulated depreciation	(255,042)		(236,041)
Investment in hotel properties, net	$	1,347,891	$	1,373,773

Schedule Of Income From Joint Venture

The following table sets forth the combined components of net income, including the Company’s share, related to all JVs for the three and six months ended June 30, 2019 and 2018 (in thousands):


	For the three months ended						For the six months ended
	June 30,						June 30,
	2019		2018		2019		2018
Revenue	$	134,457	$	134,888	$	246,576	$	245,062
Total hotel operating expenses	84,974		83,635		164,073		161,659
Operating income	$	49,483	$	51,253	$	82,503	$	83,403
Net income (loss) from continuing operations	$	565	$	5,929	$	(14,454)	$	(5,472)

Net income (loss)	$	565	$	5,929	$	(14,454)	$	(5,472)

Income (loss) allocable to the Company	$	58	$	605	$	(1,464)	$	(548)
Basis difference adjustment	399		399		798		798
Total income from unconsolidated real estate entities attributable to the Company	$	457	$	1,004	$	(666)	$	250

NewINK Joint Venture

Schedule of Equity Method Investments [Line Items]

Additional Cash Flow Information

During the three and six months ended June 30, 2019 and 2018, the Company received cash distributions from the NewINK JV as follows (in thousands):


	For the three months ended						For the six months ended
	June 30,						June 30,
	2019		2018		2019		2018
Cash generated from other activities and excess cash	$	411	$	874	$	411	$	1,593


Total	$	411	$	874	$	411	$	1,593

Inland Joint Venture

Schedule of Equity Method Investments [Line Items]

Additional Cash Flow Information

During the three and six months ended June 30, 2019 and 2018, the Company received cash distributions from the Inland JV as follows (in thousands):


	For the three months ended					For the six months ended
	June 30,					June 30,
	2019		2018		2019	2018
Cash generated from other activities and excess cash	$	—	$	950	—	$	1250


Total	$	—	$	950	—	$	1250