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Concentration of Risk
12 Months Ended
Dec. 31, 2016
Risks and Uncertainties [Abstract]  
Concentration of Risk
Concentration of Risk
Our investments are all concentrated within the hotel industry. All of our hotel properties are located within the U.S. and its territories. For the year ended December 31, 2016, four of our hotel properties generated revenues in excess of 10% of total hotel revenue amounting to 47% of total hotel revenue.
Financial instruments that potentially subject us to significant concentrations of credit risk consist principally of cash and cash equivalents. We are exposed to credit risk with respect to cash held at various financial institutions and amounts due or payable under our derivative contracts. Our counterparties to our derivative contracts are investment grade financial institutions.