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Revenue | 9 Months Ended
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Sep. 30, 2019
Revenue from Contract with Customer [Abstract] |
Revenue | 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, business interruption revenue 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 three and nine months ended September 30, 2019, the Company recorded revenue from business interruption losses associated with lost profits from hurricanes of $4.0 million and $16.6 million, respectively. For the three and nine months ended September 30, 2018, the Company recorded revenue from business interruption losses associated with lost profits from hurricanes of $3.8 million and $13.9 million, respectively. Additionally, during the three and nine months ended September 30, 2018, the Company recorded revenue of $0 and $1.9 million, respectively, net of deductibles of $500,000, for business interruption losses associated with lost profits at the Bardessono Hotel and Hotel Yountville as a result of the Napa wildfires. For the three and nine months ended September 30, 2018, the Company recorded $0 and $3.3 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. No such revenue was recorded for the three and nine months ended September 30, 2019. 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 September 30, 2019
Primary Geographical Market |  | Number of Hotels |  | Rooms |  | Food and Beverage |  | Other Hotel |  | Other |  | Total
California |  | 5 |  | $ | 32,070 |  |  | $ | 9,190 |  |  | $ | 4,441 |  |  | $ | — |  |  | $ | 45,701 |
Colorado |  | 1 |  | 3,086 |  |  | 3,615 |  |  | 2,368 |  |  | — |  |  | 9,069 |
Florida |  | 2 |  | 8,234 |  |  | 4,124 |  |  | 3,308 |  |  | — |  |  | 15,666 |
Illinois |  | 1 |  | 7,501 |  |  | 2,250 |  |  | 466 |  |  | — |  |  | 10,217 |
Pennsylvania |  | 1 |  | 6,675 |  |  | 1,474 |  |  | 310 |  |  | — |  |  | 8,459 |
Washington |  | 1 |  | 10,361 |  |  | 1,649 |  |  | 382 |  |  | — |  |  | 12,392 |
Washington, D.C. |  | 1 |  | 8,889 |  |  | 3,688 |  |  | 378 |  |  | — |  |  | 12,955 |
USVI |  | 1 |  | (8 | ) |  | 432 |  |  | 3,999 |  |  | — |  |  | 4,423 |
Corporate entities |  | — |  | — |  |  | — |  |  | — |  |  | 2 |  |  | 2 |
Total |  | 13 |  | $ | 76,808 |  |  | $ | 26,422 |  |  | $ | 15,652 |  |  | $ | 2 |  |  | $ | 118,884 |
|  | Three Months Ended September 30, 2018
Primary Geographical Market |  | Number of Hotels |  | Rooms |  | Food and Beverage |  | Other Hotel |  | Other |  | Total
California |  | 4 |  | $ | 26,368 |  |  | $ | 5,209 |  |  | $ | 2,404 |  |  | $ | — |  |  | $ | 33,981 |
Colorado |  | 1 |  | 3,178 |  |  | 3,112 |  |  | 2,438 |  |  | — |  |  | 8,728 |
Florida |  | 2 |  | 8,194 |  |  | 4,335 |  |  | 3,420 |  |  | — |  |  | 15,949 |
Illinois |  | 1 |  | 8,157 |  |  | 2,280 |  |  | 327 |  |  | — |  |  | 10,764 |
Pennsylvania |  | 1 |  | 7,137 |  |  | 1,422 |  |  | 267 |  |  | — |  |  | 8,826 |
Washington |  | 1 |  | 11,035 |  |  | 1,799 |  |  | 380 |  |  | — |  |  | 13,214 |
Washington, D.C. |  | 1 |  | 8,638 |  |  | 2,729 |  |  | 264 |  |  | — |  |  | 11,631 |
USVI |  | 1 |  | 1,651 |  |  | 285 |  |  | 3,817 |  |  | — |  |  | 5,753 |
Total |  | 12 |  | $ | 74,358 |  |  | $ | 21,171 |  |  | $ | 13,317 |  |  | $ | — |  |  | $ | 108,846 |
|  | Nine Months Ended September 30, 2019
Primary Geographical Market |  | Number of Hotels |  | Rooms |  | Food and Beverage |  | Other Hotel |  | Other |  | Total
California |  | 5 |  | $ | 88,533 |  |  | $ | 27,311 |  |  | $ | 11,893 |  |  | $ | — |  |  | $ | 127,737 |
Colorado |  | 1 |  | 14,059 |  |  | 9,867 |  |  | 7,762 |  |  | — |  |  | 31,688 |
Florida |  | 2 |  | 34,674 |  |  | 18,811 |  |  | 12,311 |  |  | — |  |  | 65,796 |
Illinois |  | 1 |  | 19,053 |  |  | 5,796 |  |  | 1,168 |  |  | — |  |  | 26,017 |
Pennsylvania |  | 1 |  | 18,169 |  |  | 3,187 |  |  | 793 |  |  | — |  |  | 22,149 |
Washington |  | 1 |  | 23,378 |  |  | 5,070 |  |  | 1,189 |  |  | — |  |  | 29,637 |
Washington, D.C. |  | 1 |  | 29,960 |  |  | 12,679 |  |  | 1,196 |  |  | — |  |  | 43,835 |
USVI |  | 1 |  | 834 |  |  | 1,605 |  |  | 16,608 |  |  | — |  |  | 19,047 |
Corporate entities |  | — |  | — |  |  | — |  |  | — |  |  | 7 |  |  | 7 |
Total |  | 13 |  | $ | 228,660 |  |  | $ | 84,326 |  |  | $ | 52,920 |  |  | $ | 7 |  |  | $ | 365,913 |
|  | Nine Months Ended September 30, 2018
Primary Geographical Market |  | Number of Hotels |  | Rooms |  | Food and Beverage |  | Other Hotel |  | Other |  | Total
California |  | 4 |  | $ | 69,007 |  |  | $ | 18,163 |  |  | $ | 8,258 |  |  | $ | — |  |  | $ | 95,428 |
Colorado |  | 1 |  | 14,736 |  |  | 9,676 |  |  | 7,712 |  |  | — |  |  | 32,124 |
Florida |  | 2 |  | 24,474 |  |  | 12,191 |  |  | 7,343 |  |  | — |  |  | 44,008 |
Illinois |  | 1 |  | 19,359 |  |  | 6,100 |  |  | 908 |  |  | — |  |  | 26,367 |
Pennsylvania |  | 1 |  | 21,641 |  |  | 4,314 |  |  | 867 |  |  | — |  |  | 26,822 |
Washington |  | 1 |  | 25,587 |  |  | 5,164 |  |  | 1,006 |  |  | — |  |  | 31,757 |
Washington, D.C. |  | 1 |  | 30,390 |  |  | 10,965 |  |  | 884 |  |  | — |  |  | 42,239 |
USVI |  | 1 |  | 4,939 |  |  | 616 |  |  | 13,616 |  |  | — |  |  | 19,171 |
Sold hotel properties |  | 1 |  | 8,171 |  |  | 2,875 |  |  | 3,491 |  |  | — |  |  | 14,537 |
Total |  | 13 |  | $ | 218,304 |  |  | $ | 70,064 |  |  | $ | 44,085 |  |  | $ | — |  |  | $ | 332,453 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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