Other Current Assets

9 Months Ended

Sep. 30, 2017

Assets, Current [Abstract]

Other Current Assets

Other Current Assets

Other current assets consist of the following:

	September 30, 2017		December 31, 2016
	(in thousands)
Prepaid expenses	$	20,600	$	22,210
Other current assets	4,027		4,675
Land held for sale	9,711		—
Total	$	34,338	$	26,885

Land held for sale represents the Company's purchase of real estate as part of its program to incent franchise development in strategic markets for the Company's Cambria hotels brand. During the three months ended September 30, 2017, the Company reclassified two parcels of land with a total book value of $9.7 million to Land held for sale, as it is expected that these sites will be sold within the next twelve months.