evenue

On January 1, 2018, we adopted Topic 606 using the modified retrospective method. As the adoption of this standard did not have a material impact on our consolidated financial statements, no adjustments to opening retained earnings were made as of January 1, 2018. Results for reporting periods beginning after January 1, 2018, are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with our historic accounting under ASC Topic 605-Revenue Recognition.

Rooms revenue represents revenues from the occupancy of our hotel rooms and is driven by the occupancy and average daily rate charged. Rooms revenue includes revenue for guest no-shows, day use, and early/late departure fees. The contracts for room stays with customers are generally short in duration and revenues are recognized as services are provided over the course of the hotel stay.

Food & Beverage (“F&B”) revenue consists of revenue from the restaurants and lounges at our hotel properties, in-room dining and mini-bars revenue, and banquet/catering revenue from group and social functions. Other F&B revenue may include revenue from audiovisual equipment/services, rental of function rooms, and other F&B related revenues. Revenue is recognized as the services or products are provided. Our hotel properties may employ third parties to provide certain services at the property, for example, audio visual services. We evaluate each of these contracts to determine if the hotel is the principal or the agent in the transaction, and record the revenues as appropriate (i.e. gross vs. net).

Other revenue consists of ancillary revenue at the property, including attrition and cancellation fees, condo management fees, resort and destination fees, health center fees, spas, golf, telecommunications, parking, entertainment and other guest services, as well as rental revenue primarily from leased retail outlets at our hotel properties, and membership initiation fees and dues, primarily from club memberships. Cancellation fees are recognized from non-cancellable deposits when the customer provides notification of cancellation in accordance with established management policy time frames. Non-refundable membership initiation fees are recognized over the expected life of an active membership. For the year ended December 31, 2018, the Company recorded $3.4 million of business interruption income for the Tampa Renaissance related to a settlement for lost profits from the BP Deepwater Horizon oil spill in the Gulf of Mexico in 2010.

Taxes collected from customers and submitted to taxing authorities are not recorded in revenue. Interest income is recognized when earned. We discontinue recording interest and amortizing discounts/premiums when the contractual payment of interest and/or principal is not received when contractually due.

The following tables present our revenue disaggregated by geographical areas (in thousands):



	Year Ended December 31, 2018
Primary Geographical Market	Number of Hotels	Rooms		Food and Beverage		Other Hotel		Other		Total
California	4	$	89,361	$	23,874	$	10,432	$	—	$	123,667
Colorado	1	18,349		12,022		9,921		—		40,292
Florida	2	35,395		19,156		11,290		—		65,841
Illinois	1	25,909		8,173		1,316		—		35,398
Pennsylvania	1	28,107		5,641		1,235		—		34,983
Washington	1	31,688		6,798		1,405		—		39,891
Washington, D.C.	1	39,191		14,752		1,138		—		55,081
USVI	1	6,604		1,379		13,651		—		21,634
Sold hotel properties	1	8,171		2,876		3,564		—		14,611
Corporate entities	—	—		—		—		—		—
Total	13	$	282,775	$	94,671	$	53,952	$	—	$	431,398



	Year Ended December 31, 2017
Primary Geographical Market	Number of Hotels	Rooms		Food and Beverage		Other Hotel		Other		Total
California	4	$	78,346	$	21,717	$	8,115	$	—	$	108,178
Colorado	1	8,753		6,904		6,312		—		21,969
Florida	1	17,202		3,454		2,576		—		23,232
Illinois	1	24,841		7,713		748		—		33,302
Pennsylvania	1	26,337		4,600		925		—		31,862
Washington	1	31,409		7,985		1,320		—		40,714
Washington, D.C.	1	42,325		15,685		1,306		—		59,316
USVI	1	23,171		11,845		8,941		—		43,957
Sold hotel properties	2	33,622		16,512		1,241		—		51,375
Corporate entities	—	—		—		—		158		158
Total	13	$	286,006	$	96,415	$	31,484	$	158	$	414,063



	Year Ended December 31, 2016
Primary Geographical Market	Number of Hotels	Rooms		Food and Beverage		Other Hotel		Other		Total
California	3	$	73,860	$	21,698	$	6,799	$	—	$	102,357
Colorado	—	—		—		—		—		—
Florida	1	18,766		3,292		1,377		—		23,435
Illinois	1	27,026		9,144		709		—		36,879
Pennsylvania	1	27,260		4,426		957		—		32,643
Washington	1	28,748		7,672		1,228		—		37,648
Washington, D.C.	1	41,137		16,098		1,377		—		58,612
USVI	1	27,795		14,670		7,813		—		50,278
Sold hotel properties	3	43,252		18,618		2,007		—		63,877
Corporate entities	—	—		—		—		128		128
Total	12	$	287,844	$	95,618	$	22,267	$	128	$	405,857