Organization (Tables)

9 Months Ended

Sep. 30, 2016

Consolidated Portfolio of Hotels by Location

As of September 30, 2016, our consolidated portfolio, primarily consisting of luxury and upper upscale hotels, is located in the following countries:

	Hotels
United States		89
Australia		1
Brazil		3
Canada		2
Mexico		1
Total		96

European Joint Venture

Consolidated Portfolio of Hotels by Location

As of September 30, 2016, the Euro JV owned hotels located in the following countries:

	Hotels
Belgium		1
France		3
Germany		1
Spain		2
Sweden		1
The Netherlands		1
United Kingdom		1
Total		10