BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2018

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of estimated useful lives of real estate investment assets

Depreciation and amortization are recorded on a straight-line basis over the estimated useful lives as follows:

Buildings and improvements	15 - 40 years
Furniture, fixtures, and equipment	3 - 5 years
Tenant improvements	Shorter of the useful lives or the terms of the related leases

Reconciliation of hotel revenue

Below is a reconciliation of the hotel revenue from contracts with customers to the total hotel segment revenue disclosed in Note 20:

	Year Ended December 31,
	2018		2017		2016
	(in thousands)
Hotel properties
Hotel income	$	35,672	$	35,576	$	45,082
Rental and other property income	2,922		2,877		3,176
Interest and other income	195		132		121
Hotel revenues	$	38,789	$	38,585	$	48,379