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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2019
Operating Leases, Rent Expense, Net [Abstract]  
Operating Lease, Lease Income [Table Text Block]
The lease revenue recognized during the year ended December 31, 2019 consisted of the following:

 
For the
year ended
December 31, 2019
Lease revenue relating to lease payments
$
56,796

Lease revenue relating to variable lease payments
139,899

Total related party lease revenue
$
196,695

Lease, Cost [Table Text Block]
The Company's ground leases consisted of the following (in millions):

 
 
 
 
 
 
Ground Lease Expense
 
 
 
 
 
 
Successor
 
 
 
Predecessor
 
 
 
 
 
 
For the year ended December 31,
 
September 1 through
December 31,
 
 
January 1 through
August 31,
Hotel Property Name
 
Initial Term Expiration
 
Extension Term(s) Expiration
 
2019
 
2018
 
2017
 
 
2017
Holiday Inn San Francisco Fisherman's Wharf (1)(2)
 
2018
 
 
$

 
$
4.6

 
$
1.6

 
 
$
3.8

Wyndham Boston Beacon Hill
 
2028
 
 
0.9

 
0.9

 
0.3

 
 
0.4

Wyndham San Diego Bayside
 
2029
 
 
4.8

 
4.8

 
1.5

 
 
2.1

DoubleTree Suites by Hilton Orlando Lake Buena Vista
 
2032
 
2057
 
0.9

 
0.8

 
0.2

 
 
0.6

Wyndham Pittsburgh University Center
 
2038
 
2083
 
0.7

 
0.8

 
0.1

 
 
0.3

DoubleTree by Hilton Burlington Vermont (3)
 
2051
 
 

 

 
0.1

 
 
0.1

Embassy Suites San Francisco Airport Waterfront
 
2059
 
 
2.4

 
2.3

 
0.7

 
 
1.0

Wyndham New Orleans French Quarter
 
2065
 
 
0.5

 
0.5

 
0.1

 
 
0.4

The Vinoy Renaissance St. Petersburg Resort & Golf Club (4)
 
2090
 
 

 
1.9

 
1.0

 
 
1.2

 
 
 
 
 
 
$
10.2

 
$
16.6

 
$
5.6

 
 
$
9.9


(1) This hotel property was sold on October 15, 2018.
(2) This lease covered only a portion of the hotel property site.
(3) This hotel property was sold on September 27, 2018.
(4) This hotel property was sold on August 28, 2018.
Schedule of Future Minimum Rental Payments for Operating Leases
The future lease payments for the Company's operating leases are as follows (in thousands):
 
December 31, 2019
2020
$
4,884

2021
4,909

2022
4,968

2023
4,990

2024
5,011

Thereafter
114,008

Total future lease payments
138,770

Imputed interest
(90,570
)
Lease liabilities
$
48,200


The following table presents certain information related to the Company's operating leases as of December 31, 2019:
Weighted average remaining lease term
32 years

Weighted average discount rate (1)
6.85
%

(1)
Upon adoption of the new lease accounting standard, the discount rates used for the Company's operating leases were determined at January 1, 2019.