Purchase Price Allocation (Tables)

9 Months Ended

Sep. 30, 2015

Hotel Columbus

Schedule of assets acquired

Purchase Price Allocation	Fair Value Estimate at Acquisition Date		Final Fair Value at Acquisition Date		Final Fair Value at Acquisition Date		Net Book Value at September 30, 2015
Cash	€	2,100	€	2,100	$	2,700	$	2,352
Bank loan (Sparkasse)	3,600		3,600		4,700		4,032
Total purchase price consideration	5,700		5,700		7,400		6,384
Gain			132		149		149
Total	€	5,700	€	5,832	$	7,549	$	6,533
Fair value assigned to assets acquired:
Land	€	647	€	591	$	770	$	662
Buildings	4,460		4,446		5,744		4,980
Property & equipment	593		785		1,020		879
Inventory			10		15		12
Net Assets	€	5,700	€	5,832	$	7,549	$	6,533