Revenue

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 audio visual 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.

Taxes specifically collected from customers and submitted to taxing authorities are not recorded in revenue. Interest income is recognized when earned.

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



	Three Months Ended March 31, 2019
Primary Geographical Market	Number of Hotels	Rooms		Food and Beverage		Other Hotel		Other		Total
California	5	$	29,914	$	10,165	$	3,926	$	—	$	44,005
Colorado	1	9,597		4,836		3,666		—		18,099
Florida	2	14,996		8,096		4,822		—		27,914
Illinois	1	3,323		1,138		296		—		4,757
Pennsylvania	1	4,237		808		229		—		5,274
Washington	1	5,116		1,814		383		—		7,313
Washington, D.C.	1	8,708		4,561		382		—		13,651
USVI	1	840		696		5,959		—		7,495
Corporate entities	—	—		—		—		5		5
Total	13	$	76,731	$	32,114	$	19,663	$	5	$	128,513



	Three Months Ended March 31, 2018
Primary Geographical Market	Number of Hotels	Rooms		Food and Beverage		Other Hotel		Other		Total
California	4	$	19,104	$	7,306	$	3,474	$	—	$	29,884
Colorado	1	9,797		4,819		3,543		—		18,159
Florida	1	5,473		802		752		—		7,027
Illinois	1	3,419		1,251		210		—		4,880
Pennsylvania	1	6,153		1,173		297		—		7,623
Washington	1	5,502		1,664		265		—		7,431
Washington, D.C.	1	8,961		4,339		284		—		13,584
USVI	1	1,816		199		4,546		—		6,561
Sold hotel properties	1	5,282		1,947		111		—		7,340
Total	12	$	65,507	$	23,500	$	13,482	$	—	$	102,489