Real Estate Properties

3 Months Ended

Mar. 31, 2018

Real Estate [Abstract]

Real Estate Properties

Real Estate Properties

At March 31, 2018, we owned 323 hotels and 199 travel centers.

During the three months ended March 31, 2018, we funded $30,204 for improvements to certain of our properties which, pursuant to the terms of our management and lease agreements with our hotel managers and tenants, resulted in increases in our contractual annual minimum returns and rents of $2,212. See Notes 8 and 10 for further information about our management and lease agreements and our fundings of improvements to certain of our properties.