Transactions with Unconsolidated Joint Ventures

3 Months Ended

Mar. 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

Transactions with Unconsolidated Joint Ventures

Transactions with Unconsolidated Joint Ventures

The Company has a management fee arrangement for marketing services with a joint venture partner. For the three months ended March 31, 2019 and 2018, fees earned and payroll costs reimbursed under this arrangement totaled $0.3 million for both periods.

The Company has entered into franchise agreements with certain of the unconsolidated joint ventures discussed in Note 6. Pursuant to these franchise agreements, for the three months ended March 31, 2019 and 2018, the Company has recorded royalty and marketing reservation system fees of approximately $4.6 million. The Company recorded $1.0 million and $1.1 million as a receivable due from these joint ventures as of March 31, 2019 and December 31, 2018, respectively. In addition, the Company paid commissions of $50 thousand and $44 thousand for the three months ended March 31, 2019 and 2018, respectively, to an on-line travel agent for which the Company is a joint venture member.