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Investment in Unconsolidated Entities
 6 Months Ended
Jun. 30, 2018
Investment in Unconsolidated Entities [Abstract]  
Investment in Unconsolidated Entities
Investment in Unconsolidated Joint Ventures
 
As of June 30, 2018 and December 31, 2017, the Company owned 50% interests in joint ventures that owned two hotel properties. The Company accounts for the investments in these unconsolidated joint ventures under the equity method of accounting. The Company makes adjustments to the equity in income (loss) from unconsolidated joint ventures related to the difference between the Company's basis in the investment in the unconsolidated joint ventures as compared to the historical basis of the assets and liabilities of the joint ventures. As of June 30, 2018 and December 31, 2017, the unconsolidated entities' debt consisted entirely of non-recourse mortgage debt.

The following table summarizes the components of the Company's investments in unconsolidated joint ventures (in thousands):
 
June 30, 2018
 
December 31, 2017
Equity basis of the joint venture investments
$
(4,260
)
 
$
(4,733
)
Cost of the joint venture investments in excess of the joint venture book value
21,085

 
21,645

Investment in unconsolidated joint ventures
$
16,825

 
$
16,912



The following table summarizes the components of the Company's equity in income from unconsolidated joint ventures (in thousands):
 
Successor
 
 
 
Predecessor
 
Successor
 
 
 
Predecessor
 
For the three months ended June 30,
 
 
For the three months ended June 30,
 
For the six months ended June 30,
 
 
For the six months ended June 30,
 
2018
 
 
2017
 
2018
 
 
2017
Unconsolidated joint ventures net income attributable to the Company
$
891

 
 
$
744

 
$
1,287

 
 
$
711

Depreciation of cost in excess of book value
(280
)
 
 
(96
)
 
(560
)
 
 
(193
)
Equity in income from unconsolidated joint ventures
$
611

 
 
$
648

 
$
727

 
 
$
518