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Real Estate Properties (Tables)
 9 Months Ended
Sep. 30, 2019
Real Estate [Abstract]  
Schedule of purchase price allocation Our allocation of the purchase price of each of these acquisitions based on the estimated fair value of the acquired assets is presented in the table below.
Acquisition Date
 
Location
 
Purchase Price
 
Land
 
Land Improvements
 
Building and Improvements
 
Furniture, Fixtures and Equipment
 
Held for Sale
 
Intangible Assets / Liabilities, net
2/22/2019
 
Washington, D.C. (1)
 
$
143,742

 
$
44,972

 
$
151

 
$
93,412

 
$
5,207

 
$
—

 
$
—

5/7/2019
 
Milwaukee, WI (2)
 
30,235

 
3,442

 
1,053

 
25,132

 
608

 
—

 
—

8/1/2019
 
Southington, CT (3)
 
66

 
66

 
—

 
—

 
—

 
—

 
—

9/20/2019
 
Various (4)
 
2,482,382

 
388,057

 
—

 
1,201,922

 
—

 
604,989

 
287,414

 
 
 
 
$
2,656,425

 
$
436,537

 
$
1,204

 
$
1,320,466

 
$
5,815

 
$
604,989

 
$
287,414

(1)
On February 22, 2019, we acquired the 335 room Hotel Palomar located in Washington, D.C. for a purchase price of $143,742, including capitalized acquisition costs of $2,292. We added this Kimpton® branded hotel to our management agreement with InterContinental Hotels Group, plc, or IHG. See Note 8 for further information regarding our management agreement with IHG for 102 hotels, or our IHG agreement.
(2)
On May 7, 2019, we acquired the 198 room Crowne Plaza Milwaukee West hotel in Milwaukee, WI for a purchase price of $30,235, including capitalized acquisition costs of $235. We added this Crowne Plaza® branded hotel to our management agreement with IHG. See Note 8 for further information regarding our IHG agreement.
(3)
On August 1, 2019, we acquired a land parcel adjacent to our travel center located in Southington, CT for a purchase price of $66, including capitalized acquisition costs of $6. This land parcel has been added to the TA lease for that travel center.
(4)
On September 20, 2019, we completed the SMTA Transaction for total consideration of $2,482,382. See below for further information regarding the SMTA Transaction. As of September 30, 2019, 148 assets included in the SMTA Transaction with a carrying value of $604,989 were classified as held for sale.