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Segment Reporting
9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Segment Reporting
Segment Reporting
We operate in one business segment within the hotel lodging industry: direct hotel investments. Direct hotel investments refer to owning hotel properties through either acquisition or new development. We report operating results of direct hotel investments on an aggregate basis as substantially all of our hotel investments have similar economic characteristics and exhibit similar long-term financial performance. As of September 30, 2017 and December 31, 2016, all of our hotel properties were in the U.S. and its territories.