Concentration (Tables)

12 Months Ended

Dec. 31, 2016

Risks and Uncertainties [Abstract]

Schedule of minimum return payments and minimum rents, for each management or lease agreement

The percentage of our annual minimum returns and rents, for each management or lease agreement is shown below, as of December 31, 2016.

Agreement Reference Name	Number of Properties	Annual Minimum Returns/Rents		% of Total		Investment(1)		% of Total
Marriott (No. 1)	53	$	68,636	9	%	$	691,298	9	%
Marriott (No. 234)	68	106,360		13	%	1,001,389		11	%
Marriott (No. 5)	1	10,116		1	%	90,078		1	%
Subtotal Marriott	122	185,112		23	%	1,782,765		21	%
InterContinental(2)	94	161,789		21	%	1,695,778		19	%
Sonesta	34	90,171		11	%	1,196,797		13	%
Wyndham(3)	22	28,404		4	%	386,758		4	%
Hyatt	22	22,037		3	%	301,942		3	%
Carlson	11	12,920		2	%	209,895		2	%
Morgans	1	7,595		1	%	120,000		1	%
Subtotal Hotels	306	508,028		65	%	5,693,935		63	%
TA (No. 1)	40	51,435		6	%	661,417		7	%
TA (No. 2)	40	52,327		7	%	665,127		7	%
TA (No. 3)	39	52,665		7	%	620,240		7	%
TA (No. 4)(4)	39	50,117		6	%	568,098		6	%
TA (No. 5)	40	67,573		9	%	862,697		10	%
Subtotal TA	198	274,117		35	%	3,377,579		37	%
Total	504	$	782,145	100	%	$	9,071,514	100	%

(1) Represents historical cost of our properties plus capital improvements funded by us less impairment writedowns, if any, and excludes capital improvements made from FF&E reserves funded from hotel operations.

(2) The annual minimum return/minimum rent amount presented includes $7,904 of rent related to our lease with InterContinental for one hotel in Puerto Rico. 

(3) The annual minimum return/minimum rent amount presented includes $1,407 of rent related to our lease with Wyndham Vacation for 48 vacation units in one hotel.

(4) The annual minimum rent amount for our TA No. 4 agreement includes approximately $2,120 of ground rent paid by TA for a property we lease and sublease to TA.