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Merger with RLJ Lodging Trust (Tables)
 12 Months Ended
Dec. 31, 2017
Business Combinations [Abstract]  
Schedule of Allocation of Purchase Price
The following table reflects the new basis of accounting for the assets and liabilities that existed on the Acquisition Date and the impact of the distribution of the equity interests in FelCor TRS to RLJ LP:
 
August 31, 2017
 
New Basis Before
FelCor TRS Distribution (1)
 
FelCor TRS
Distribution (1)
 
New Basis After
FelCor TRS Distribution (1)
Investment in hotel properties
$
2,661,114

 
$
(2,000
)
 
$
2,659,114

Investment in unconsolidated joint ventures
25,651

 
(7,900
)
 
17,751

Cash and cash equivalents
47,396

 
(40,878
)
 
6,518

Restricted cash reserves
17,038

 
(10,989
)
 
6,049

Hotel and other receivables
28,308

 
(28,308
)
 
—

Deferred income tax assets
58,170

 
(58,170
)
 
—

Intangible assets
139,673

 
(20,262
)
 
119,411

Prepaid expenses and other assets
23,811

 
(11,417
)
 
12,394

Debt
(1,305,337
)
 
—

 
(1,305,337
)
Accounts payable and other liabilities
(118,360
)
 
52,995

 
(65,365
)
Advance deposits and deferred revenue
(23,795
)
 
23,795

 
—

Accrued interest
(22,612
)
 
—

 
(22,612
)
Distributions payable
(4,312
)
 
—

 
(4,312
)
Total equity
$
1,526,745

 
$
(103,134
)
 
$
1,423,611


(1)
During the fourth quarter of 2017, RLJ refined its valuation models to reflect changes in inputs and assumptions related to cash flow projections, discount rates, and tax attributes. Therefore, RLJ recorded certain measurement period adjustments to decrease investment in hotel properties by $12.5 million, to decrease intangible assets by $12.0 million, to increase deferred income tax assets by approximately $26.2 million, to increase prepaid expenses and other assets by $1.2 million, and to increase accounts payable and other liabilities by $2.6 million.
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]
The Company recognized the following intangible assets in the Mergers (dollars in thousands):
 
 
 
 
Weighted Average Amortization Period
(in Years)
Below market ground leases
 
$
118,050

 
54
Advanced bookings
 
13,862

 
1
Other intangible assets
 
7,761

 
6
Total intangible assets
 
$
139,673

 
46