Other Current Assets

9 Months Ended

Sep. 30, 2018

Other current assets consist of the following:



	September 30, 2018		December 31, 2017
	(in thousands)
Prepaid expenses	$	20,306	$	14,205
Other current assets	3,857		4,762
Land held for sale	7,000		7,000
Total	$	31,163	$	25,967

Land held for sale represents certain parcels of land previously acquired by the Company as part of its program to incent franchise development in strategic markets for the Company's Cambria Hotels brand. During the nine months ended September 30, 2018, the Company sold one parcel of land, classified as a long-term asset as of December 31, 2017, with a total book value of $3.0 million recognizing a gain on sale of $82 thousand. As of September 30, 2018, the Company has $7.0 million of Land held for sale, which represents one parcel of land that is expected to be sold prior to March 31, 2019.