Other Current Assets

12 Months Ended

Dec. 31, 2018

Prepaid Expense and Other Assets, Current [Abstract]

Other Current Assets

Other Current Assets

Other current assets consist of the following at:

	December 31,
	2018		2017
	(in thousands)
Prepaid expenses	$	18,412	$	14,205
Other current assets	6,831		4,762
Land held for sale	7,000		7,000
Total	$	32,243	$	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 year ended December 31, 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 December 31, 2018, the Company has $7.0 million of Land held for sale, which represents one parcel of land that is expected to sell in the first quarter of 2019.