Other Current Assets

3 Months Ended

Mar. 31, 2018

Other current assets consist of the following:



	March 31, 2018		December 31, 2017
	(in thousands)
Prepaid expenses	$	16,998	$	14,205
Other current assets	7,096		4,762
Land held for sale	9,971		7,000
Total	$	34,065	$	25,967

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 March 31, 2018, the Company reclassified one parcel of land with a total book value of $3.0 million to Land held for sale. As of March 31, 2018, the Company has a total of $10.0 million of Land held for sale, as it is expected that these sites will be sold within the next twelve months.