XML 140 R121.htm IDEA: XBRL DOCUMENT v3.24.0.1
Schedule III - Real Estate and Accumulated Depreciation (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances $ 1,086,793      
Initial Cost of Land 634,603      
Initial Cost of FF&E, Buildings and improvements 1,432,359      
Costs Capitalized Since Acquisition, Land 353      
Costs Capitalized Since Acquisition, FF&E, Buildings and improvements 315,401      
Gross Carrying Amount At Close of Period, Land 634,956      
Gross Carrying Amount at Close of Period, FF&E, Buildings and improvements 1,747,760      
Gross Carrying Amount At Close of Period, Total 2,382,716 $ 2,325,093 $ 1,845,078 $ 1,784,849
Accumulated Depreciation 498,508 $ 440,492 $ 399,481 $ 360,259
Cost of land and depreciable property, net of accumulated depreciation, for federal income tax purposes $ 1,800,000      
Building        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Estimated useful life 39 years      
Building Improvements        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Estimated useful life 7 years 6 months      
Minimum | Furniture and fixtures        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Estimated useful life 1 year 6 months      
Maximum | Furniture and fixtures        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Estimated useful life 5 years      
Washington DC Hilton        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances $ 110,600      
Initial Cost of Land 45,721      
Initial Cost of FF&E, Buildings and improvements 106,245      
Costs Capitalized Since Acquisition, Land 0      
Costs Capitalized Since Acquisition, FF&E, Buildings and improvements 63,801      
Gross Carrying Amount At Close of Period, Land 45,721      
Gross Carrying Amount at Close of Period, FF&E, Buildings and improvements 170,046      
Gross Carrying Amount At Close of Period, Total 215,767      
Accumulated Depreciation 71,927      
La Jolla, CA Hilton        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 66,600      
Initial Cost of Land 0      
Initial Cost of FF&E, Buildings and improvements 114,614      
Costs Capitalized Since Acquisition, Land 0      
Costs Capitalized Since Acquisition, FF&E, Buildings and improvements 7,644      
Gross Carrying Amount At Close of Period, Land 0      
Gross Carrying Amount at Close of Period, FF&E, Buildings and improvements 122,258      
Gross Carrying Amount At Close of Period, Total 122,258      
Accumulated Depreciation 55,311      
Seattle, WA Marriott        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 90,785      
Initial Cost of Land 31,888      
Initial Cost of FF&E, Buildings and improvements 112,176      
Costs Capitalized Since Acquisition, Land 0      
Costs Capitalized Since Acquisition, FF&E, Buildings and improvements 23,821      
Gross Carrying Amount At Close of Period, Land 31,888      
Gross Carrying Amount at Close of Period, FF&E, Buildings and improvements 135,997      
Gross Carrying Amount At Close of Period, Total 167,885      
Accumulated Depreciation 56,631      
Philadelphia, PA The Notary Hotel        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 57,018      
Initial Cost of Land 9,814      
Initial Cost of FF&E, Buildings and improvements 94,029      
Costs Capitalized Since Acquisition, Land 0      
Costs Capitalized Since Acquisition, FF&E, Buildings and improvements 28,279      
Gross Carrying Amount At Close of Period, Land 9,814      
Gross Carrying Amount at Close of Period, FF&E, Buildings and improvements 122,308      
Gross Carrying Amount At Close of Period, Total 132,122      
Accumulated Depreciation 60,066      
San Francisco CA Courtyard By Marriott        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 78,384      
Initial Cost of Land 22,653      
Initial Cost of FF&E, Buildings and improvements 72,731      
Costs Capitalized Since Acquisition, Land 0      
Costs Capitalized Since Acquisition, FF&E, Buildings and improvements 47,354      
Gross Carrying Amount At Close of Period, Land 22,653      
Gross Carrying Amount at Close of Period, FF&E, Buildings and improvements 120,085      
Gross Carrying Amount At Close of Period, Total 142,738      
Accumulated Depreciation 63,991      
Chicago, IL Chicago Sofitel Magnificent Mile        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 66,993      
Initial Cost of Land 12,631      
Initial Cost of FF&E, Buildings and improvements 140,369      
Costs Capitalized Since Acquisition, Land 0      
Costs Capitalized Since Acquisition, FF&E, Buildings and improvements 1,528      
Gross Carrying Amount At Close of Period, Land 12,631      
Gross Carrying Amount at Close of Period, FF&E, Buildings and improvements 141,897      
Gross Carrying Amount At Close of Period, Total 154,528      
Accumulated Depreciation 38,250      
Key West, FL Pier House Resort        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 80,000      
Initial Cost of Land 59,731      
Initial Cost of FF&E, Buildings and improvements 33,011      
Costs Capitalized Since Acquisition, Land 0      
Costs Capitalized Since Acquisition, FF&E, Buildings and improvements 1,272      
Gross Carrying Amount At Close of Period, Land 59,731      
Gross Carrying Amount at Close of Period, FF&E, Buildings and improvements 34,283      
Gross Carrying Amount At Close of Period, Total 94,014      
Accumulated Depreciation 12,208      
Yountville, CA Bardessono        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 39,279      
Initial Cost of Land 0      
Initial Cost of FF&E, Buildings and improvements 64,184      
Costs Capitalized Since Acquisition, Land 0      
Costs Capitalized Since Acquisition, FF&E, Buildings and improvements 2,072      
Gross Carrying Amount At Close of Period, Land 0      
Gross Carrying Amount at Close of Period, FF&E, Buildings and improvements 66,256      
Gross Carrying Amount At Close of Period, Total 66,256      
Accumulated Depreciation 14,882      
Yountville CA, Hotel Yountville        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 43,687      
Initial Cost of Land 47,849      
Initial Cost of FF&E, Buildings and improvements 48,567      
Costs Capitalized Since Acquisition, Land 0      
Costs Capitalized Since Acquisition, FF&E, Buildings and improvements (4,088)      
Gross Carrying Amount At Close of Period, Land 47,849      
Gross Carrying Amount at Close of Period, FF&E, Buildings and improvements 44,479      
Gross Carrying Amount At Close of Period, Total 92,328      
Accumulated Depreciation 9,039      
Beaver Creek, CO Park Hyatt        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 70,500      
Initial Cost of Land 89,117      
Initial Cost of FF&E, Buildings and improvements 56,383      
Costs Capitalized Since Acquisition, Land 353      
Costs Capitalized Since Acquisition, FF&E, Buildings and improvements 14,243      
Gross Carrying Amount At Close of Period, Land 89,470      
Gross Carrying Amount at Close of Period, FF&E, Buildings and improvements 70,626      
Gross Carrying Amount At Close of Period, Total 160,096      
Accumulated Depreciation 19,130      
Ritz-Carlton Sarasota, Florida        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 117,034      
Initial Cost of Land 83,630      
Initial Cost of FF&E, Buildings and improvements 99,782      
Costs Capitalized Since Acquisition, Land 0      
Costs Capitalized Since Acquisition, FF&E, Buildings and improvements 5,730      
Gross Carrying Amount At Close of Period, Land 83,630      
Gross Carrying Amount at Close of Period, FF&E, Buildings and improvements 105,512      
Gross Carrying Amount At Close of Period, Total 189,142      
Accumulated Depreciation 20,400      
St. Thomas, USVI Ritz-Carlton        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 42,500      
Initial Cost of Land 25,533      
Initial Cost of FF&E, Buildings and improvements 38,467      
Costs Capitalized Since Acquisition, Land 0      
Costs Capitalized Since Acquisition, FF&E, Buildings and improvements 83,282      
Gross Carrying Amount At Close of Period, Land 25,533      
Gross Carrying Amount at Close of Period, FF&E, Buildings and improvements 121,749      
Gross Carrying Amount At Close of Period, Total 147,282      
Accumulated Depreciation 33,058      
Truckee, CA Ritz-Carlton        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 53,413      
Initial Cost of Land 26,731      
Initial Cost of FF&E, Buildings and improvements 91,603      
Costs Capitalized Since Acquisition, Land 0      
Costs Capitalized Since Acquisition, FF&E, Buildings and improvements 30,692      
Gross Carrying Amount At Close of Period, Land 26,731      
Gross Carrying Amount at Close of Period, FF&E, Buildings and improvements 122,295      
Gross Carrying Amount At Close of Period, Total 149,026      
Accumulated Depreciation 16,559      
Mr. C Beverly Hills Hotel        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 30,000      
Initial Cost of Land 29,346      
Initial Cost of FF&E, Buildings and improvements 45,078      
Costs Capitalized Since Acquisition, Land 0      
Costs Capitalized Since Acquisition, FF&E, Buildings and improvements 1,688      
Gross Carrying Amount At Close of Period, Land 29,346      
Gross Carrying Amount at Close of Period, FF&E, Buildings and improvements 46,766      
Gross Carrying Amount At Close of Period, Total 76,112      
Accumulated Depreciation 4,916      
The Ritz-Carlton Reserve Dorado Beach        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 0      
Initial Cost of Land 79,711      
Initial Cost of FF&E, Buildings and improvements 117,510      
Costs Capitalized Since Acquisition, Land 0      
Costs Capitalized Since Acquisition, FF&E, Buildings and improvements 3,798      
Gross Carrying Amount At Close of Period, Land 79,711      
Gross Carrying Amount at Close of Period, FF&E, Buildings and improvements 121,308      
Gross Carrying Amount At Close of Period, Total 201,019      
Accumulated Depreciation 11,734      
Four Seasons Resort Scottsdale at Troon North        
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]        
Encumbrances 140,000      
Initial Cost of Land 70,248      
Initial Cost of FF&E, Buildings and improvements 197,610      
Costs Capitalized Since Acquisition, Land 0      
Costs Capitalized Since Acquisition, FF&E, Buildings and improvements 4,285      
Gross Carrying Amount At Close of Period, Land 70,248      
Gross Carrying Amount at Close of Period, FF&E, Buildings and improvements 201,895      
Gross Carrying Amount At Close of Period, Total 272,143      
Accumulated Depreciation $ 10,406