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Segment Reporting
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Segment Reporting
Segment Reporting
We operate in one business segment within the hotel lodging industry: direct hotel investments. Direct hotel investments refer to owning hotel properties through either acquisition or new development. We report operating results of direct hotel investments on an aggregate basis as substantially all of our hotel investments have similar economic characteristics and exhibit similar long-term financial performance. As of December 31, 2017 and 2016, all of our hotel properties were in the U.S. and its territories.