BRE Select Hotels 10-K 27 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 27, 2017
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Trading Symbol	ck0001566445
Entity Registrant Name	BRE Select Hotels Corp
Entity Central Index Key	1,566,445
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	No
Entity Voluntary Filers	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		100
Entity Public Float	$ 0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
ASSETS
Investment in real estate, net of accumulated depreciation of $93,423 and $73,915, respectively	$ 857,918	$ 986,640
Hotels held for sale	43,096
Cash	25,170	29,137
Restricted cash	5,996	6,171
Due from third-party managers, net	4,518	4,961
Insurance receivable	5,067	6,496
Prepaid expenses	2,794	1,729
Goodwill	116,470	126,377
Deferred tax assets	6,051	632
Other assets	4	159
TOTAL ASSETS	1,067,084	1,162,302
LIABILITIES
Accounts payable and accrued expenses	12,729	14,852
Due to third-party managers, net	1,113	1,149
Mortgages payable	757,245	842,269
Mortgages payable related to assets of hotels held for sale	35,871
Other liabilities	145
TOTAL LIABILITIES	807,103	858,270
Commitments and contingencies (Note 8)
Cumulative Redeemable Preferred Stock, $1.90 initial liquidation preference, 120,000,000 shares authorized; 72,382,848 issued and outstanding at December 31, 2016 and December 31, 2015	137,160	137,160
STOCKHOLDER'S EQUITY
Preferred stock, $0.0001 par value, 30,000,000 shares authorized; none issued and outstanding at December 31, 2016 and December 31, 2015
Common stock, $0.01 par value, 100,000 shares authorized; 100 shares issued and outstanding at December 31, 2016 and December 31, 2015	0	0
Additional paid-in capital	122,821	166,872
TOTAL STOCKHOLDER'S EQUITY	122,821	166,872
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY	$ 1,067,084	$ 1,162,302

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Accumulated depreciation of Investment in real estate	$ 93,423	$ 73,915
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	30,000,000	30,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000	100,000
Common stock, shares issued	100	100
Common stock, shares outstanding	100	100
7% Series A Cumulative Redeemable Preferred Stock [Member]
Preferred Shares Dividend Percentage	7.00%	7.00%
Preferred stock initial liquidation preference per share	$ 1.90	$ 1.90
Preferred stock, shares authorized	120,000,000	120,000,000
Preferred stock, shares issued	72,382,848	72,382,848
Preferred stock, shares outstanding	72,382,848	72,382,848

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
REVENUE
Room revenue	$ 268,659	$ 268,272	$ 258,223
Other revenue	17,820	18,743	18,298
Total revenue	286,479	287,015	276,521
EXPENSES
Operating expense	65,437	66,190	62,836
Hotel administrative expense	26,260	25,370	25,350
Sales and marketing	22,311	22,278	21,570
Utilities	8,995	9,629	9,969
Repair and maintenance	10,841	10,739	10,606
Franchise fees	13,276	13,299	12,799
Management fees	9,578	9,571	10,086
Taxes, insurance and other	15,449	14,552	14,725
General and administrative	5,164	5,013	6,850
Depreciation expense	38,507	33,775	27,412
Total expenses	215,818	210,416	202,203
Impairment of investment in real estate	(17,694)
Loss on sale of hotel properties	(2,342)
Loss on disposals of investment in real estate		(6,116)
Operating income	50,625	70,483	74,318
Interest expense, net	(32,144)	(30,704)	(38,783)
Extinguishment of mortgages payable and mezzanine loans			(4,295)
Loss on derivatives	(89)	(59)	(735)
Income from continuing operations before income tax benefit (expense)	18,392	39,720	30,505
Income tax benefit (expense)	1,198	(2,409)	(2,742)
Income from continuing operations	19,590	37,311	27,763
Loss from discontinued operations, net of tax			(44)
Net income	19,590	37,311	27,719
Net income available for common stockholder	$ 9,949	$ 27,670	$ 14,922
Basic and diluted net income per common share
From continuing operations, after Series A Preferred Stock dividends	$ 99,490	$ 276,700	$ 149,660
From discontinued operations			(440)
Total basic and diluted net income per common share available to common stockholder	$ 99,490	$ 276,700	$ 149,220
Weighted average common shares outstanding - basic and diluted	100	100	100
Series A Preferred Stock [Member]
EXPENSES
Series A Preferred Stock dividends declared	$ (9,641)	$ (9,641)	$ (12,797)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-In Capital [Member]	Distributions Greater than Net Income [Member]
Beginning balance at Dec. 31, 2013	$ 192,450		$ 192,450
Beginning balance, shares at Dec. 31, 2013		100
Net income (loss)	27,719			$ 27,719
Cash distributions\dividends declared and paid to common stockholder, per share	(30,000)		(2,281)	(27,719)
Preferred dividends earned ($0.1332, $0.1332 and $0.1332 per share for 2014, 2015 and 2016 respectively)	(12,967)		(12,967)
Ending balance at Dec. 31, 2014	177,202		177,202
Ending balance, shares at Dec. 31, 2014		100
Net income (loss)	37,311			37,311
Cash distributions\dividends declared and paid to common stockholder, per share	(38,000)		(689)	(37,311)
Preferred dividends earned ($0.1332, $0.1332 and $0.1332 per share for 2014, 2015 and 2016 respectively)	(9,641)		(9,641)
Ending balance at Dec. 31, 2015	166,872		166,872
Ending balance, shares at Dec. 31, 2015		100
Net income (loss)	19,590			19,590
Cash distributions\dividends declared and paid to common stockholder, per share	(54,000)		(34,410)	$ (19,590)
Preferred dividends earned ($0.1332, $0.1332 and $0.1332 per share for 2014, 2015 and 2016 respectively)	(9,641)		(9,641)
Ending balance at Dec. 31, 2016	$ 122,821		$ 122,821
Ending balance, shares at Dec. 31, 2016		100

Consolidated Statements of Sto6

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash distributions\dividends declared and paid to common stock, per share	$ 540,000	$ 380,000	$ 300,000
Preferred dividend earned, per share	0.1332	0.1332	0.1332
Additional Paid-In Capital [Member]
Cash distributions\dividends declared and paid to common stock, per share	540,000	380,000	300,000
Preferred dividend earned, per share	$ 0.1332	$ 0.1332	$ 0.1332

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net income	$ 19,590	$ 37,311	$ 27,719
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation	38,507	33,775	27,412
Impairment of investment in real estate	17,694
Loss on sale of hotel properties	2,342		150
Loss on disposals of investment in real estate		6,116
Fair value adjustment of interest rate cap	89	59	735
Amortization of deferred financing costs	4,678	5,054	5,464
Extinguishment of mortgages payable and mezzanine loans			4,295
Expense of financing fees for mortgage loan			3,217
Deferred income taxes	(5,419)	(46)	(113)
Other non-cash expenses	(29)	(29)	(29)
Changes in operating assets and liabilities:
Decrease (increase) in due to/from third-party managers, net	407	(628)	1,657
Decrease (increase) in insurance receivable	1,429	(1,742)
(Increase) decrease in prepaid expenses and other assets	(1,202)	278	2,399
(Decrease) increase in accounts payable and accrued expenses	(659)	572	(1,677)
Increase in other liabilities	145
Net cash provided by operating activities	77,572	80,720	71,229
Cash flows from investing activities:
Capital improvements	(38,983)	(61,112)	(34,234)
Proceeds from sale of assets	74,557		9,380
Property insurance proceeds	358	267	439
Net cash provided by (used in) investing activities	35,932	(60,845)	(24,415)
Cash flows from financing activities:
Net proceeds from borrowings on mortgage payable and mezzanine loans			830,000
Payments of mortgage debt	(53,916)	(421)	(600,402)
Payments of mezzanine debt			(175,000)
Financing fees			(10,218)
Payment for interest rate cap	(89)		(328)
Dividends paid to Series A Preferred stockholders	(9,641)	(9,641)	(13,617)
Dividends paid to common stockholder	(54,000)	(38,000)	(30,000)
Net cash used in financing activities	(117,646)	(48,062)	(46,400)
Net (decrease) increase in cash and cash equivalents	(4,142)	(28,187)	414
Cash and restricted cash, beginning of period	35,308	63,495	63,081
Cash and restricted cash, end of period	31,166	35,308	63,495
Supplemental Cash Flow Information, including Non-Cash Activities:
Interest paid	27,776	25,975	34,128
Taxes paid	5,151	2,498	3,184
Accrued capital improvements	5,055	6,624	11,284
Insurance receivable for loss due to property damage		4,754
7% Series A Cumulative Redeemable Preferred Stock [Member]
Cash flows from financing activities:
Redemption of Series A Preferred Stock			(46,835)
Supplemental Cash Flow Information, including Non-Cash Activities:
Accrued 7% Series A Preferred Stock dividends	$ 2,410	$ 2,410	$ 2,410

Organization

Organization	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	1. Organization BRE Select Hotels Corp, together with its wholly-owned subsidiaries (the “Company”), is a Delaware corporation that made an election, through the filing of Form 1120-REIT for 2012, to qualify as a real estate investment trust, or REIT, for federal income tax purposes. The Company was formed on November 28, 2012 to invest in income-producing real estate in the United States through the acquisition of Apple REIT Six, Inc. (“Apple Six”) on behalf of BRE Select Hotels Holdings LP (“BRE Holdings”), a Delaware limited partnership and an affiliate of the Company. All of the common stock of the Company is owned by BRE Holdings, which is an affiliate of Blackstone Real Estate Partners VII L.P. (the “Sponsor”). The acquisition of Apple Six (the “Merger”) was completed on May 14, 2013 (the “Acquisition Date”). As of December 31, 2016, the Company owned 60 hotels located in 17 states with an aggregate of 7,041 rooms.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Principles of Consolidation - Basis of Presentation Use of Estimates Reclassifications - Cash - Restricted Cash - The following table provides detail regarding cash and restricted cash that sums to the total of such amounts presented in the accompanying consolidated statements of cash flows (in thousands). Year Ended December 31, 2016 2015 2014 Cash $ 25,170 $ 29,137 $ 22,776 Restricted cash 5,996 6,171 40,719 Total cash and restricted cash $ 31,166 $ 35,308 $ 63,495 Due from Third-party Managers, net - Due to Third-party Managers, net - Investment in Real Estate and Related Depreciation - The Company considers expenditures to be capital in nature based on the following criteria: (1) for a single asset, the cost must be at least $500, including all normal and necessary costs to place the asset in service, and the useful life must be at least one year; (2) for group purchases of 10 or more identical assets, the unit cost for each asset must be at least $50, including all normal and necessary costs to place the asset in service, and the useful life must be at least one year; and (3) for major repairs to a single asset, the repair must be at least $2,500 and the useful life of the asset must be substantially extended. Impairment of Investment in Real Estate - If events or circumstances change, such as the operating performance of a property declines substantially for an extended period of time, the Company’s carrying value for a particular property may not be recoverable and in such instances an impairment loss may be recorded. Recoverability of assets to be held and used is determined by a comparison of the carrying amount of the assets to the future undiscounted net cash flow expected to be generated by the asset. If the carrying value of such assets exceeds such cash flows, the assets are considered impaired. Impairment losses are measured as the difference between the asset’s fair value and its carrying value. Fair value is determined by using management’s best estimate of the discounted net cash flows over the remaining life of the asset, or other indicators of fair value. During the first quarter of 2016, the Company executed a letter of intent to sell the Hilton Garden Inn – Fredericksburg, Virginia property. As a result, a test for impairment of the property was performed during the first quarter with fair value determined, in part, based on the estimated sales proceeds for the property. The Company estimated the sales proceeds based on the agreement of purchase and sale (subject to certain terms) entered into for the property. The test resulted in a non-cash During the second quarter of 2016, the Company executed a letter of intent to sell the Marriott – Boulder, Colorado property. As a result, a test for impairment of the property was performed during the second quarter with fair value determined, in part, based on the estimated sales proceeds for the property. The Company estimated the sales proceeds based on the agreement of purchase and sale (subject to certain terms) entered into for the property. The test resulted in a non-cash As described in Note 5, during the fourth quarter of 2016, the Company committed to a plan to sell the Fairfield Inn – Huntsville, Alabama property and accordingly classified the property as held for sale as of December 31, 2016. In connection with the held for sale classification, the Company measured the property at the lower of carrying value or fair value, less costs to sell, with fair value determined based on the estimated sales proceeds for the property. The Company estimated the sales proceeds based on an agreement of purchase and sale (subject to certain terms) entered into for the property. The test resulted in a non-cash As described in Note 5, during the fourth quarter of 2016, the Company committed to a plan to sell the TownePlace Suites – Arlington, Texas property and accordingly classified the property as held for sale as of December 31, 2016. In connection with the held for sale classification, the Company measured the property at the lower of carrying value or fair value, less costs to sell, with fair value determined based on the estimated sales proceeds for the property. The Company estimated the sales proceeds based on an agreement of purchase and sale (subject to certain terms) entered into for the property. The test resulted in a non-cash As described in Note 5, during the fourth quarter of 2016, the Company committed to a plan to sell the Springhill Suites – Clearwater, Florida property and accordingly classified the property as held for sale as of December 31, 2016. In connection with the held for sale classification, the Company measured the property at the lower of carrying value or fair value, less costs to sell, with fair value determined based on the estimated sales proceeds for the property. The Company estimated the sales proceeds based on an agreement of purchase and sale (subject to certain terms) entered into for the property. The test resulted in a non-cash As described in Note 5, during the fourth quarter of 2016, the Company committed to a plan to sell the Courtyard – Albany, Georgia property and accordingly classified the property as held for sale as of December 31, 2016. In connection with the held for sale classification, the Company measured the property at the lower of carrying value or fair value, less costs to sell, with fair value determined based on the estimated sales proceeds for the property. The Company estimated the sales proceeds based on an agreement of purchase and sale (subject to certain terms) entered into for the property. The test resulted in a non-cash Goodwill - two-step The following is a summary of changes in goodwill for the years ended December 31, 2016 and 2015 (in thousands). The fiscal year 2016 change represents the goodwill amounts allocated at the Acquisition Date to the Hilton Garden Inn – Fredericksburg, Virginia and Marriott – Boulder, Colorado hotel properties which were sold in August 2016, and is in included within the determination of loss on sale of hotel properties presented in the consolidated statement of operations and consolidated statement of cash flows for the year ended December 31, 2016. Year Ended December 31, 2016 2015 Beginning balance $ 126,377 $ 126,377 Allocated to sale of hotel properties (9,907 ) - Ending balance $ 116,470 $ 126,377 Revenue Recognition - Sales and Marketing Costs - Income Taxes - Valuation of Deferred Tax Assets - Income per Common Share Segment Information - New Accounting Pronouncements - Update (“ASU”) 2015-03, Interest – Imputation of Interest (Subtopic 835-30) 2015-03 In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net). 2016-08 2014-09; 2016-08 2014-09. In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements - Going Concern 2014-15 In February 2016, the FASB issued ASU 2016-02, Leases. 2016-02 In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments 2016-15 Statement of Cash Flows 2016-15 In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory 2016-16 2016-16 In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash. 2016-18 2016-18 In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. 2017-04 2017-04

Investment in Real Estate, net

Investment in Real Estate, net	12 Months Ended
	Dec. 31, 2016
Real Estate [Abstract]
Investment in Real Estate, net	3. Investment in Real Estate, net Investment in real estate, net as of December 31, 2016 and 2015 consisted of the following (in thousands): December 31, 2016 2015 Land and Improvements $ 139,453 $ 154,855 Building and Improvements 735,863 835,335 Furniture, Fixtures and Equipment 52,706 49,020 Construction in Progress 23,319 21,345 951,341 1,060,555 Less: Accumulated Depreciation (93,423 ) (73,915 ) Investment in Real Estate, net $ 857,918 $ 986,640

Sale of Hotel Properties

Sale of Hotel Properties	12 Months Ended
	Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Sale of Hotel Properties	4. Sale of Hotel Properties During the year ended December 31, 2016, the Company sold two hotels as summarized below (in thousands): Hotel Date of Sale Proceeds Loss Mortgage Marriott - Boulder, Colorado August 2016 $ 59,349 ($ 1,505 ) $ 43,232 Hilton Garden Inn - Fredericksburg, Virginia August 2016 15,208 (837 ) $ 10,243 Total $ 74,557 ($ 2,342 ) $ 53,475 The Company received proceeds of $74.6 million, which are net of selling costs of $2.4 million. The loss on sale of hotel properties in the consolidated statements of operations of $2.3 million includes $0.1 million of deferred financing costs allocated to the hotel properties sold.

Hotels Held for Sale

Hotels Held for Sale	12 Months Ended
	Dec. 31, 2016
Text Block [Abstract]
Hotels Held for Sale	5. Hotels Held for Sale During the fourth quarter of 2016, the Company committed to a plan to sell six hotels and accordingly the hotels were classified as hotels held for sale as of December 31, 2016. Hotels held for sale presented in the consolidated balance sheet consists of the investment in real estate of each hotel, which was measured at December 31, 2016 at the lower of carrying value or fair value, less costs to sell. Mortgages payable related to assets of hotels held for sale presented in the consolidated balance sheet represents the principal of the mortgage payable that the Company is contractually required to repay in connection with the sale of the hotels. There are no other major captions of assets or liabilities related to the hotels held for sale. The following is a summary of hotels held for sale as of December 31, 2016 (in thousands). Hotel Assets of Hotels Fairfield Inn - Huntsville, Alabama $ 3,613 TownePlace Suites - Arlington, Texas 7,136 Springhill Suites - Clearwater, Florida 4,973 TownePlace Suites - Las Colinas, Texas 12,330 Springhill Suites - Arlington, Texas 7,195 Courtyard - Albany, Georgia 7,849 Total $ 43,096 Subsequent to December 31, 2016, the Company sold five of the six hotels held for sale as summarized below (in thousands): Mortgage Payable Hotel Date of Sale Proceeds Repaid Fairfield Inn - Huntsville, Alabama January 2017 $ 4,575 $ 4,444 TownePlace Suites - Arlington, Texas January 2017 8,001 3,606 Springhill Suites - Clearwater, Florida January 2017 5,767 4,971 TownePlace Suites - Las Colinas, Texas January 2017 16,867 8,248 Courtyard - Albany, Georgia February 2017 8,628 6,242 Total $ 43,838 $ 27,511

Mortgages Payable

Mortgages Payable	12 Months Ended
	Dec. 31, 2016
Mortgage Loans on Real Estate [Abstract]
Mortgages Payable	6. Mortgages Payable Mortgages payable as of December 31, 2016 and December 31, 2015 consisted of the following (in thousands): December 31, 2016 2015 Mortgages payable before unamortized deferred financing costs $ 757,245 $ 847,032 Unamortized deferred financing costs - (4,763 ) Mortgages payable related to assets held and used $ 757,245 $ 842,269 Mortgages payable related to assets of hotels held for sale 35,871 - Total mortgages payable $ 793,116 $ 842,269 On December 3, 2014, certain indirect wholly-owned subsidiaries (the “Borrowers”) of the Company entered into a loan agreement (the “Loan Agreement”) with commercial lenders (collectively, the “Lenders”), pursuant to which the Borrowers obtained an $830 million mortgage loan from the Lenders (the “Loan”). The Loan is secured by first-priority, cross-collateralized mortgage liens on 59 of the 60 properties owned or ground-leased by certain subsidiaries of the Company, all related personal property, reserves, a pledge of all income received by the Borrowers with respect to the properties, a pledge of the ownership interests in the operating lessee and a security interest in a cash management account. A portion of the proceeds from the Loan were used to repay the mortgage and mezzanine loans obtained on May 14, 2013 by the Borrowers, as well as certain indirect wholly-owned subsidiaries of the Company that own direct and indirect interests in the Borrowers (the “Mezzanine Borrowers”), in the aggregate original principal amount of $775 million and with an aggregate outstanding principal amount of $763.9 million as of the date of repayment. Accordingly, on December 3, 2014, the Borrowers and Mezzanine Borrowers repaid in full, cancelled and terminated their respective mortgage and mezzanine loan agreements outstanding at that date without any penalties incurred. The initial maturity for the Loan was December 9, 2016, and the Company exercised the first of three one-year one-year The initial interest rate of the Loan is equal to the one-month one-year The Loan contains various representations and warranties, as well as certain financial, operating and other covenants that will among other things, limit the Company’s ability to: • incur additional secured or unsecured indebtedness; • make cash distributions at any time that the debt yield, representing the quotient (expressed as a percentage) calculated by dividing the annualized net operating income of the properties subject to the Loan by the outstanding principal amount of the indebtedness under the Loan, is less than 7.50% during the first four years of the Loan and 7.75% during the fifth year of the Loan or if there is a default continuing under the Loan, until such time as the debt yield is equal to or greater than 7.50% during the first four years of the Loan and 7.75% during the fifth year of the Loan or the Loan default has been cured; • make investments or acquisitions; • use assets as security in other transactions; • sell assets (except that the Borrowers are permitted to sell assets so long as the debt yield is not reduced, subject to payment of applicable prepayment premiums and other property release requirements); • guarantee other indebtedness; and • consolidate, merge or transfer all or substantially all of the Company’s assets. Defaults under the Loan include, among other things, the failure to pay interest or principal when due, material misrepresentations, transfers of the underlying security for the Loan without any required consent from the Lender, defaults under certain agreements relating to the properties, including franchise and management agreements, bankruptcy of a Borrower or any guarantor of the Loan, failure to maintain required insurance and a failure to observe other covenants under the Loan, in each case subject to any applicable cure rights. The Borrowers may prepay the Loan, in whole or in part, at any time without any prepayment penalty or fee. In addition, the applicable Borrowers for the Loan and BSHH LLC, a Delaware limited liability company (the “Guarantor”) and an affiliate of BRE Holdings, will have recourse liability under the Loan for certain matters typical of a transaction of this type, including, without limitation, relating to losses arising out of actions by the Borrower, Guarantor, Sponsor or their respective affiliates controlled by the Sponsor which constitute fraud, intentional misrepresentation, misappropriation of funds (including insurance proceeds), removal or disposal of any property after an event of default under the Loan, a material violation of the due on sale/encumbrance covenants set forth in the loan agreements, willful misconduct that results in waste to any property and any material modification or voluntary termination of a ground lease without the Lender’s prior written consent if required under the loan agreements. The Borrowers will also have recourse liability for the Loan in the event any security instrument or loan agreement is deemed a fraudulent conveyance or a preference, and the Borrowers and the Guarantor will have recourse liability for the Loan in the event of a voluntary or collusive involuntary bankruptcy of any Borrower or any operating lessee of the properties or in the event Borrower, Guarantor, Sponsor or their respective affiliates controlled by the Sponsor consents to or joins in the application for the appointment of a custodian, receiver, trustee or examiner of any Borrower or the operating lessee of any of the properties or any property, provided, however, the liability of the Guarantor described in this sentence shall not exceed 15% of the principal amount of the Loan outstanding at the time the event occurred. Concurrent with the execution of the documents reflecting the Loan, the Company executed an Indemnity Agreement in favor of the Guarantor pursuant to which the Company agrees to indemnify and hold the Guarantor harmless from any losses incurred by the Guarantor pursuant to the terms of the guaranty executed by the Guarantor in favor of the Lenders in connection with the Loan. Deferred financing costs consist of amounts paid for direct and indirect costs associated with the origination of the Loan. Deferred financing costs were $0 and $4.8 million as of December 31, 2016 and 2015, respectively, and are presented as a direct deduction of mortgages payable on the consolidated balance sheets. Such costs are amortized on a straight-line basis (which approximates the effective interest method) over the term of the related debt. As part of the Merger, the Company assumed an existing loan with a commercial lender secured by the Company’s Fort Worth, Texas Residence Inn property. The loan matures on October 6, 2022 and carries a fixed interest rate of 4.73%. The outstanding principal balance was $16.6 million and $17.0 million as of December 31, 2016 and 2015, respectively, and is included in mortgages payable in the consolidated balance sheets. Components of interest expense for the years ended December 31, 2016, 2015 and 2014 were as follows (in thousands): Year Ended December 31, 2016 2015 2014 Mortgage debt $ 27,829 $ 26,036 $ 33,319 Amortization of deferred financing costs 4,678 5,054 5,464 Capitalized interest (363 ) (386 ) - Total interest expense, net $ 32,144 $ 30,704 $ 38,783 The Company had an effective interest rate of 3.34%, 3.06% and 4.10% for its debt during 2016, 2015 and 2014, respectively. As of December 31, 2016 and 2015, the Company’s weighted average interest rate on its debt was 3.53% and 3.17%, respectively. Future scheduled principal payments of debt obligations (assuming exercise of second extension option under the Loan Agreement and the sale of the hotels held for sale as of December 31, 2016 during the fiscal year 2017) as of December 31, 2016 are as follows (in thousands): 2017 $ 36,335 2018 741,140 2019 510 2020 533 2021 562 Thereafter 14,036 Total $ 793,116 Due to the sale of the hotels described in Note 5, $2.6 million of the fiscal year 2018 principal payment presented above was repaid in the first quarter of 2017 in order to comply with the debt yield as required under the terms of the Loan Agreement.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	7. Fair Value of Financial Instruments In accordance with the authoritative guidance on fair value measurements and disclosures, the Company measures nonfinancial assets and liabilities subject to nonrecurring measurement and financial assets and liabilities subject to recurring measurement based on a hierarchy that prioritizes inputs to valuation techniques used to measure the fair value. Inputs used in determining fair value should be from the highest level available in the following hierarchy: Level 1 Level 2 Level 3 Determining estimated fair values of the Company’s financial instruments such as mortgages payable requires considerable judgment to interpret market data. The market assumptions and/or estimation methodologies used may have a material effect on estimated fair value amounts. Accordingly, the estimates presented are not necessarily indicative of the amounts by which these instruments could be purchased, sold, or settled. The table excludes cash, restricted cash, due from thirty party managers, net, accounts payable and accrued expenses, and due to third-party managers, net, all of which had fair values approximating their carrying amounts due to the short maturities and liquidity of these instruments. Carrying amounts and estimated fair values of financial instruments, for periods indicated, were as follows (in thousands): December 31, 2016 December 31, 2015 Carrying Estimated Carrying Estimated Value Fair Value Value Fair Value Financial assets and liabilities measured at fair value on a recurring basis: Interest rate caps $ - $ - $ - $ - Financial liabilities not measured at fair value: Mortgages payable $ 793,116 $ 792,699 $ 847,032 $ 846,684 Interest rate caps - one-year Mortgages payable - Impairment of investment in real estate -

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	8. Commitments and Contingencies Insurance - Litigation - In February 2017, the Company received $1.4 million in proceeds from the Deepwater Horizon Economic and Property Damages Settlement Program arising out of damages suffered by four properties prior to the Merger. The proceeds will be presented in other revenue in the 2017 consolidated statements of operations. Franchise Agreements Management Agreements - month-to-month TRS Lease Agreements - Ground Leases 2017 $ 107 2018 107 2019 107 2020 45 2021 - Thereafter - Total $ 366

7% Series A Cumulative Redeemab

7% Series A Cumulative Redeemable Preferred Stock	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
7% Series A Cumulative Redeemable Preferred Stock	9. 7% Series A Cumulative Redeemable Preferred Stock In connection with the Merger, the Company issued 97,032,848 shares of 7% Series A Cumulative Redeemable Preferred Stock (“Series A Preferred Stock”). The terms of these shares provide the Company with the right to redeem such shares at any time for an amount equal to the liquidation preference, plus any accumulated and unpaid dividends. In addition, the terms of these shares include an option for a holder of such shares to require the Company to redeem all or a portion of such holder’s shares on or after November 14, 2020 for an amount equal to the liquidation preference, plus any accumulated and unpaid dividends. The initial dividend rate on these shares is 7% per annum. The dividend rate will increase to 9% per annum if dividends are not paid in cash for more than six quarters, and to 11% per annum if they are not redeemed after the earlier of certain change of control events and May 14, 2018. Due to the put option provided to the holders of these shares, such shares have been classified outside of permanent stockholder’s equity. On December 31, 2014, approximately $47.5 million of the proceeds of the Loan were used to redeem 24,650,000 shares of the Series A Preferred Stock. Shares were redeemed on a pro rata basis from each stockholder at a redemption price of $1.9281 per share, which was comprised of the $1.90 liquidation preference per share along with $0.0281 in accumulated and unpaid dividends earned through the December 31, 2014 redemption date. BRE Holdings currently owns approximately 1.5 million shares of the Series A Preferred Stock. The initial liquidation preference of $1.90 per share will be subject to downward adjustment should net costs and payments relating to litigation and regulatory matters for alleged legacy acts exceed $3.5 million from the date of the Merger Agreement (November 29, 2012). The Company recognizes changes in the redemption value immediately as they occur and adjusts the carrying amount of the Series A Preferred Stock to equal the redemption value at the end of each reporting period. As of December 31, 2016, the initial liquidation preference has not been adjusted. Dividends were declared to be paid in cash for all four quarters of 2016, 2015 and 2014, of which 100% were characterized as ordinary income. On December 23, 2016, the Board of Directors of the Company declared a dividend for the Series A Preferred Stock of $0.0333 per share, paid on January 17, 2017 to stockholders of record on January 1, 2017. As of December 31, 2016, the Company accrued $2.4 million for this dividend, which is included in accounts payable and accrued expenses in the consolidated balance sheet. The table below reconciles the Series A Preferred Stock for the years ended December 31, 2016 and 2015 (in thousands): Ending balance as of December 31, 2014 $ 137,160 Dividends declared in 2015 (9,641 ) Dividends earned in 2015 9,641 Ending balance as of December 31, 2015 $ 137,160 Dividends declared in 2016 (9,641 ) Dividends earned in 2016 9,641 Ending balance as of December 31, 2016 $ 137,160

Stockholder's Equity

Stockholder's Equity	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Stockholder's Equity	10. Stockholder’s Equity The Company is authorized to issue 150,100,000 shares of capital stock pursuant to its Amended and Restated Certificate of Incorporation, consisting of (i) 100,000 shares of common stock, par value $0.01 per share, and (ii) 150,000,000 shares of preferred stock, par value $0.0001 per share. Holders of the Company’s common stock are entitled to one vote for each share of common stock held. At December 31, 2016 and 2015, there were 100 shares of common stock issued and outstanding. BRE Holdings owns 100% of the Company’s issued and outstanding common stock. Dividends were declared to be paid in cash for all four quarters of 2016, of which 33.47% were characterized as ordinary income and 66.53% were characterized as return of capital. Dividends were declared to be paid in cash for the second, third and fourth quarters of 2015, of which 98.54% were characterized as ordinary income and 1.46% were characterized as return of capital. On February 10, 2017, the Company’s Board of Directors declared a dividend on the common stock of $100,000 per share, which was paid on February 13, 2017.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	11. Income Taxes The Company accounts for TRS income taxes using the asset and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. The analysis utilized by the Company in determining the deferred tax valuation allowance involves considerable management judgment and assumptions. The provision for income taxes differs from the amounts of income tax determined by applying the applicable U.S. statutory federal income tax rate to pretax income from continuing operations as a result of the following differences (in thousands). The income tax benefit for the year ended December 31, 2016 includes an income tax benefit of $0.9 million due to contributions of certain investments in real estate from the REIT to certain TRS during the year. Year Ended December 31, 2016 2015 2014 Statutory federal income tax provision $ 6,253 34.0 % $ 13,505 34.0 % $ 10,372 34.0 % Adjustment for nontaxable income (6,635 ) -36.1 % (11,468 ) -28.9 % (8,150 ) -26.7 % State income taxes, net of federal income tax benefit 126 0.7 % 390 1.0 % 370 1.2 % Contributions to TRS (942 ) -5.1 % - - % - - % Other - - % (18 ) - % 150 0.5 % Total income tax (benefit) expense ($ 1,198 ) -6.5 % $ 2,409 6.1 % $ 2,742 9.0 % The components of the Company’s income tax (benefit) expense from continuing operations for the years ended December 31, 2016, 2015, and 2014 were as follows (in thousands): Year Ended December 31, 2016 2015 2014 Income tax (benefit) expense: Current: Federal $ 3,353 $ 1,887 $ 2,254 State 728 568 571 Deferred: Federal (4,822 ) (42 ) (75 ) State (457 ) (4 ) (8 ) Total ($ 1,198 ) $ 2,409 $ 2,742 The components of the consolidated TRS’s net deferred tax assets and liabilities as of December 31, 2016 and 2015 were as follows (in thousands): December 31, 2016 2015 Deferred tax assets: Accrued expenses and other $ 585 $ 623 Prepaid expenses and other 21 9 Investment in real estate book-tax 4,641 - Goodwill book-tax 804 - Net operating loss carryforward 935 935 Total deferred tax assets before valuation allowances 6,986 1,567 Valuation allowances (935 ) (935 ) Deferred tax assets $ 6,051 $ 632 Deferred tax liabilities: Goodwill book-tax $ 145 $ - Deferred tax liabilities $ 145 $ - In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that some or all of the deferred tax assets will not be realized. The $0.9 million valuation allowance recorded at both December 31, 2016 and 2015 is for net operating loss (“NOL”) carryforwards where it is not considered more likely than not that the NOL carryforwards will be realized prior to expiration. The NOL carryforwards will begin to expire in 2034. Based on tax planning strategies and projections for future taxable income over the periods in which the deferred tax assets are deductible, the Company believes it is more likely than not that the remaining deferred tax assets will be realized. A position taken or expected to be taken by the Company in a tax return is recognized, or derecognized, in the consolidated financial statements when it is more likely than not that the position would be sustained upon examination by tax authorities. A recognized tax position is measured at the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. As of December 31, 2016, the Company does not have any uncertain tax positions. The Company’s policy for interest and penalties, if any, on uncertain tax positions recognized in the consolidated financial statements is to classify these as interest expense and operating expense, respectively. The Company conducts business and files tax returns in the United States and numerous states and local jurisdictions. The Company’s tax years are generally open after 2012.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	12. Related Party Transactions The Sponsor and its affiliates are in the business of making investments in companies and real estate assets and currently own, and may, from time to time acquire and hold, in each case, interests in businesses or assets that compete directly or indirectly with the Company. In addition, certain affiliates of the Sponsor have significant influence over Hilton, which indirectly owns the entities that serve as franchisors and receive franchise fees for 26 of the hotels owned by the Company. In accordance with the Company’s certificate of incorporation, the Sponsor has no obligation to present any corporate opportunities to the Company or to conduct its other business and investment affairs in the best interests of the Company or holders of Series A Preferred Stock. In connection with the Sponsor’s and its affiliates’ business activities, the Sponsor, BRE Holdings or any of their affiliates, including, without limitation, Hilton or its subsidiaries, may from time to time enter into arrangements with the Company or its subsidiaries. These arrangements may be subject to restrictions on affiliate transactions contained in agreements entered into in connection with the Loan. The Company incurred $17.5 million, $18.3 million and $17.5 million of franchise fees, marketing fees, and other expenses during the years ended December 31, 2016, 2015 and 2014, respectively, under agreements with Hilton or its subsidiaries. In addition, the Company uses Hilton to procure select capital improvements for its hotels. The Company paid Hilton $0, $3.6 million and $1.0 million during the years ended December 31, 2016, 2015 and 2014, respectively, related to capital improvements. No amounts were owed to Hilton at either December 31, 2016 or December 31, 2015. A management company provided services to the Company including financial, accounting, administrative and other services that may be requested from time to time pursuant to a corporate services agreement. Affiliates of the Sponsor hold a management interest in this management company. The Company paid $1.6 million, $2.4 million and $1.1 million to this management company during the years ended December 31, 2016, 2015 and 2014, respectively. In addition, the Company owed this management company $0.1 million at December 31, 2016 and 2015 which is included in accounts payable and accrued expenses in the consolidated balance sheets.

Discontinued Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	13. Discontinued Operations The discontinued operations presented for the year ended December 31, 2014 represents the individual sales of hotels which were sold prior to the Company’s adoption, on January 1, 2015, of a new accounting standard which revised the accounting definition of a discontinued operation. The Company expects that any future disposals of operating real estate assets would not qualify for discontinued operations reporting presentation, unless the disposals represent a strategic shift that has a major effect on the Company’s operations and financial results. The Company sold four hotels during 2014 as summarized below (in thousands): Hotel Sale Date Net Proceeds Gain/(Loss) Fairfield Inn - Orange Park, Florida April 2014 $ 2,978 ($ 67 ) Fairfield Inn - Birmingham, Alabama May 2014 1,509 223 SpringHill Suites - Savannah, Georgia June 2014 3,405 (285 ) SpringHill Suites - Montgomery, Alabama September 2014 1,488 (21 ) Total $ 9,380 ($ 150 ) The results of operations for these properties prior to the sale are classified as loss from discontinued operations. The following table sets forth the operating results from discontinued operations (in thousands): Year Ended December 31, 2014 Total revenue $ 2,479 Hotel operating expenses 1,938 Taxes, insurance and other 102 General and administrative 67 Interest expense 328 Income tax benefit (62 ) Loss from hotel dispositions (150 ) Loss from discontinued operations ($ 44 ) The Company allocated interest expense to discontinued operations and included such interest expense in computing loss from discontinued operations. Interest expense was allocated by taking the loan release amounts for the discontinued operations, as a percentage of the total outstanding principal, multiplied by the interest expense for the period.

Quarterly Financial Data (unaud

Quarterly Financial Data (unaudited)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data (unaudited)	14. Quarterly Financial Data (unaudited) Quarter Ended - 2016 March 31 June 30 September 30 December 31 (in thousands, except per share data) Revenues $ 66,526 $ 79,380 $ 79,885 $ 60,688 Net income (loss) 1,246 10,222 10,406 (2,284 ) Series A Preferred Stock dividends declared (2,410 ) (2,411 ) (2,410 ) (2,410 ) Net income (loss) available for common stockholder (1,164 ) 7,811 7,996 (4,694 ) Basic and diluted net income (loss) per common share available to common stockholder ($ 11,640.00 ) $ 78,110.00 $ 79,960.00 ($ 46,940.00 ) Distributions declared and paid per common share $ 90,000.00 $ 100,000.00 $ 260,000.00 $ 90,000.00 Quarter Ended - 2015 March 31 June 30 September 30 December 31 (a) (in thousands, except per share data) Revenues $ 63,478 $ 76,145 $ 82,126 $ 65,266 Net income 9,579 9,417 12,932 5,383 Series A Preferred Stock dividends declared (2,410 ) (2,411 ) (2,410 ) (2,410 ) Net income available for common stockholder 7,169 7,006 10,522 2,973 Basic and diluted net income per common share available to common stockholder $ 71,690.00 $ 70,060.00 $ 105,220.00 $ 29,730.00 Distributions declared and paid per common share $ - $ 90,000.00 $ 190,000.00 $ 100,000.00 (a) Includes $1.7 million loss on disposals of investment in real estate due to property damage at four of the Company’s hotels located in Texas.

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2016
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III - Real Estate and Accumulated Depreciation	BRE SELECT HOTELS CORP SCHEDULE III-REAL ESTATE AND ACCUMULATED DEPRECIATION AS OF DECEMBER 31, 2016 (dollars in thousands) Initial Cost to Costs Gross Cost at Which Carried City State Brand Encum- Land Building and Land, Land Bldg/FF&E/ Total Acc Year of Date Depreciable Dothan Alabama Courtyard $ 5,920 $ 810 $ 8,690 $ 1,421 $ 822 $ 10,099 $ 10,921 ($1,131 ) 1996 May-13 3 -39 yrs. Dothan Alabama Hampton Inn & Suites 9,272 1,110 6,700 1,189 1,115 7,884 8,999 (895 ) 2004 May-13 3 -39 Huntsville Alabama Residence Inn 5,848 1,280 8,300 1,233 1,308 9,505 10,813 (1,041 ) 2002 May-13 3 -39 Tuscaloosa Alabama Courtyard 9,486 - 7,690 311 19 7,982 8,001 (1,091 ) 1996 May-13 3 -39 Tuscaloosa Alabama Fairfield Inn 4,422 - 3,990 1,641 4 5,627 5,631 (611 ) 1996 May-13 3 -39 Anchorage Alaska Hampton Inn 12,196 2,020 12,980 1,636 2,071 14,565 16,636 (1,768 ) 1997 May-13 3 -39 Anchorage Alaska Hilton Garden Inn 21,040 2,530 20,780 2,146 2,579 22,877 25,456 (2,422 ) 2002 May-13 3 -39 Anchorage Alaska Homewood Suites 19,399 3,190 19,510 1,336 3,332 20,704 24,036 (2,165 ) 2004 May-13 3 -39 Phoenix Arizona Hampton Inn 9,842 3,930 7,190 542 3,942 7,720 11,662 (932 ) 1998 May-13 3 -39 Arcadia California Hilton Garden Inn 17,759 2,940 14,310 1,731 2,989 15,992 18,981 (1,888 ) 1999 May-13 3 -39 Arcadia California SpringHill Suites 10,342 2,610 9,130 2,401 2,662 11,479 14,141 (1,677 ) 1999 May-13 3 -39 Bakersfield California Hilton Garden Inn 9,414 1,260 10,490 2,541 1,264 13,027 14,291 (1,255 ) 2004 May-13 3 -39 Folsom California Hilton Garden Inn 8,487 1,310 11,000 1,596 1,344 12,562 13,906 (1,323 ) 1999 May-13 3 -39 Foothill Ranch California Hampton Inn 6,847 2,970 5,080 1,809 3,017 6,842 9,859 (986 ) 1998 May-13 3 -39 Lake Forest California Hilton Garden Inn 11,197 4,250 10,440 2,068 4,274 12,484 16,758 (1,595 ) 2004 May-13 3 -39 Milpitas California Hilton Garden Inn 32,789 6,600 22,190 2,813 6,604 24,999 31,603 (2,745 ) 1999 May-13 3 -39 Roseville California Hilton Garden Inn 8,202 2,470 4,260 1,987 2,515 6,202 8,717 (601 ) 1999 May-13 3 -39 San Francisco California Hilton Garden Inn 34,377 7,920 29,100 2,448 7,938 31,530 39,468 (3,208 ) 1999 May-13 3 -39 Glendale Colorado Hampton Inn & Suites 14,050 3,480 17,090 2,717 3,490 19,797 23,287 (2,269 ) 1999 May-13 3 -39 Lakewood Colorado Hampton Inn 12,339 2,520 12,590 990 2,543 13,557 16,100 (1,742 ) 2003 May-13 3 -39 Farmington Connecticut Courtyard 13,123 2,600 15,030 2,068 2,610 17,088 19,698 (2,178 ) 2005 May-13 3 -39 Rocky Hill Connecticut Residence Inn 11,197 1,640 14,700 1,602 1,675 16,267 17,942 (1,953 ) 2005 May-13 3 -39 Wallingford Connecticut Homewood Suites 10,770 1,250 12,530 860 1,267 13,373 14,640 (1,548 ) 2005 May-13 3 -39 Lake Mary Florida Courtyard 5,420 1,190 5,570 1,502 1,201 7,061 8,262 (773 ) 1995 May-13 3 -39 Lakeland Florida Residence Inn 10,841 630 9,740 1,939 646 11,663 12,309 (1,463 ) 2001 May-13 3 -39 Panama City Florida Courtyard 9,414 560 7,310 1,303 562 8,611 9,173 (1,258 ) 2006 May-13 3 -39 Pensacola Florida Courtyard 7,774 610 8,740 416 643 9,123 9,766 (1,282 ) 1997 May-13 3 -39 Pensacola Florida Fairfield Inn 3,423 530 4,060 1,343 531 5,402 5,933 (582 ) 1995 May-13 3 -39 Pensacola Florida Hampton Inn & Suites 8,273 540 6,540 1,473 543 8,010 8,553 (965 ) 2005 May-13 3 -39 Tallahassee Florida Hilton Garden Inn 10,556 2,270 9,780 1,505 2,274 11,281 13,555 (1,307 ) 1997 May-13 3 -39 Columbus Georgia Residence Inn 6,419 1,190 7,600 1,513 1,195 9,108 10,303 (1,384 ) 2003 May-13 3 -39 Valdosta Georgia Courtyard 5,135 1,160 7,690 362 1,180 8,032 9,212 (1,117 ) 2002 May-13 3 -39 Mt. Olive New Jersey Residence Inn 12,695 2,930 14,860 1,740 2,933 16,597 19,530 (2,060 ) 2005 May-13 3 -39 Somerset New Jersey Homewood Suites 11,411 3,120 8,830 1,681 3,124 10,507 13,631 (1,312 ) 2005 May-13 3 -39 Saratoga Springs New York Hilton Garden Inn 19,328 960 17,020 1,865 960 18,885 19,845 (2,058 ) 1999 May-13 3 -39 Roanoke Rapids North Carolina Hilton Garden Inn 7,346 1,740 3,870 393 1,744 4,259 6,003 (529 ) 2008 May-13 3 -39 Hillsboro Oregon Courtyard 24,321 3,240 11,280 914 3,260 12,174 15,434 (1,811 ) 1996 May-13 3 -39 Hillsboro Oregon Residence Inn 26,389 3,790 16,540 3,724 3,805 20,249 24,054 (2,511 ) 1994 May-13 3 -39 Hillsboro Oregon TownePlace Suites 20,113 3,200 11,070 2,409 3,232 13,447 16,679 (1,763 ) 1999 May-13 3 -39 Portland Oregon Residence Inn 50,995 8,430 59,480 4,603 8,446 64,067 72,513 (6,632 ) 2001 May-13 3 -39 Pittsburgh Pennsylvania Residence Inn 17,402 3,550 19,730 4,465 3,559 24,186 27,745 (2,661 ) 1998 May-13 3 -39 Myrtle Beach South Carolina Courtyard 9,058 1,240 9,570 2,777 1,300 12,287 13,587 (1,876 ) 1999 May-13 3 -39 Nashville Tennessee Homewood Suites 15,263 1,010 10,670 934 1,044 11,570 12,614 (1,515 ) 1999 May-13 3 -39 Dallas Texas SpringHill Suites 15,619 1,200 14,660 1,116 1,206 15,770 16,976 (1,831 ) 1997 May-13 3 -39 Fort Worth Texas Homewood Suites 10,627 1,250 12,180 6,238 1,257 18,411 19,668 (646 ) 1999 May-13 3 -39 Fort Worth Texas Residence Inn 16,592 3,850 16,740 2,505 3,850 19,245 23,095 (2,163 ) 2005 May-13 3 -39 Fort Worth Texas SpringHill Suites 10,199 1,780 13,820 637 1,795 14,442 16,237 (1,738 ) 2004 May-13 3 -39 Laredo Texas Homewood Suites 10,270 1,030 10,200 1,829 1,030 12,029 13,059 (1,551 ) 2005 May-13 3 -39 Laredo Texas Residence Inn 10,912 670 9,170 2,213 670 11,383 12,053 (1,752 ) 2005 May-13 3 -39 McAllen Texas Hilton Garden Inn 8,273 1,510 7,490 1,868 1,518 9,350 10,868 (684 ) 2000 May-13 3 -39 Kent Washington TownePlace Suites 14,906 2,180 13,140 2,083 2,218 15,185 17,403 (1,820 ) 1999 May-13 3 -39 Mukilteo Washington TownePlace Suites 13,052 3,020 11,920 1,786 3,042 13,684 16,726 (1,680 ) 1999 May-13 3 -39 Redmond Washington Marriott 50,068 19,260 46,340 5,369 19,266 51,703 70,969 (5,357 ) 2004 May-13 3 -39 Renton Washington Hilton Garden Inn 16,832 2,010 19,190 2,840 2,035 22,005 24,040 (2,318 ) 1998 May-13 3 -39 $ 757,245 $ 138,340 $ 708,570 $ 104,431 $ 139,453 $ 811,888 $ 951,341 ($ 93,423 ) (1) Represents acquisition date fair value. (2) The gross cost basis for Federal Income Tax purposes approximates the basis used in this schedule. (3) Reconciliaiton of Real Estate and Accumulated Depreciation. SCHEDULE III Real Estate and Accumulated Depreciation As of December 31, 2016 (in thousands) 2016 2015 2014 Investment in real estate: Beginning balance $ 1,060,555 $ 1,018,604 $ 975,373 Improvements 37,548 56,452 43,231 Hotels held for sale (49,426 ) - - Disposals and impairments (97,336 ) (14,501 ) - Ending balance $ 951,341 $ 1,060,555 $ 1,018,604 2016 2015 2014 Accumulated depreciation: Beginning balance $ 73,915 $ 43,771 $ 16,359 Depreciation expense 38,507 33,775 27,412 Hotels held for sale (6,330 ) - - Disposals and impairment (12,669 ) (3,631 ) - Ending balance $ 93,423 $ 73,915 $ 43,771

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation -
Basis of Presentation	Basis of Presentation
Use of Estimates	Use of Estimates
Reclassifications	Reclassifications -
Cash	Cash -
Restricted Cash	Restricted Cash - The following table provides detail regarding cash and restricted cash that sums to the total of such amounts presented in the accompanying consolidated statements of cash flows (in thousands). Year Ended December 31, 2016 2015 2014 Cash $ 25,170 $ 29,137 $ 22,776 Restricted cash 5,996 6,171 40,719 Total cash and restricted cash $ 31,166 $ 35,308 $ 63,495
Due from Third-party Managers, net	Due from Third-party Managers, net -
Due to Third-party Managers, net	Due to Third-party Managers, net -
Investment in Real Estate and Related Depreciation	Investment in Real Estate and Related Depreciation - The Company considers expenditures to be capital in nature based on the following criteria: (1) for a single asset, the cost must be at least $500, including all normal and necessary costs to place the asset in service, and the useful life must be at least one year; (2) for group purchases of 10 or more identical assets, the unit cost for each asset must be at least $50, including all normal and necessary costs to place the asset in service, and the useful life must be at least one year; and (3) for major repairs to a single asset, the repair must be at least $2,500 and the useful life of the asset must be substantially extended.
Impairment of Investment in Real Estate	Impairment of Investment in Real Estate - If events or circumstances change, such as the operating performance of a property declines substantially for an extended period of time, the Company’s carrying value for a particular property may not be recoverable and in such instances an impairment loss may be recorded. Recoverability of assets to be held and used is determined by a comparison of the carrying amount of the assets to the future undiscounted net cash flow expected to be generated by the asset. If the carrying value of such assets exceeds such cash flows, the assets are considered impaired. Impairment losses are measured as the difference between the asset’s fair value and its carrying value. Fair value is determined by using management’s best estimate of the discounted net cash flows over the remaining life of the asset, or other indicators of fair value. During the first quarter of 2016, the Company executed a letter of intent to sell the Hilton Garden Inn – Fredericksburg, Virginia property. As a result, a test for impairment of the property was performed during the first quarter with fair value determined, in part, based on the estimated sales proceeds for the property. The Company estimated the sales proceeds based on the agreement of purchase and sale (subject to certain terms) entered into for the property. The test resulted in a non-cash During the second quarter of 2016, the Company executed a letter of intent to sell the Marriott – Boulder, Colorado property. As a result, a test for impairment of the property was performed during the second quarter with fair value determined, in part, based on the estimated sales proceeds for the property. The Company estimated the sales proceeds based on the agreement of purchase and sale (subject to certain terms) entered into for the property. The test resulted in a non-cash As described in Note 5, during the fourth quarter of 2016, the Company committed to a plan to sell the Fairfield Inn – Huntsville, Alabama property and accordingly classified the property as held for sale as of December 31, 2016. In connection with the held for sale classification, the Company measured the property at the lower of carrying value or fair value, less costs to sell, with fair value determined based on the estimated sales proceeds for the property. The Company estimated the sales proceeds based on an agreement of purchase and sale (subject to certain terms) entered into for the property. The test resulted in a non-cash As described in Note 5, during the fourth quarter of 2016, the Company committed to a plan to sell the TownePlace Suites – Arlington, Texas property and accordingly classified the property as held for sale as of December 31, 2016. In connection with the held for sale classification, the Company measured the property at the lower of carrying value or fair value, less costs to sell, with fair value determined based on the estimated sales proceeds for the property. The Company estimated the sales proceeds based on an agreement of purchase and sale (subject to certain terms) entered into for the property. The test resulted in a non-cash As described in Note 5, during the fourth quarter of 2016, the Company committed to a plan to sell the Springhill Suites – Clearwater, Florida property and accordingly classified the property as held for sale as of December 31, 2016. In connection with the held for sale classification, the Company measured the property at the lower of carrying value or fair value, less costs to sell, with fair value determined based on the estimated sales proceeds for the property. The Company estimated the sales proceeds based on an agreement of purchase and sale (subject to certain terms) entered into for the property. The test resulted in a non-cash As described in Note 5, during the fourth quarter of 2016, the Company committed to a plan to sell the Courtyard – Albany, Georgia property and accordingly classified the property as held for sale as of December 31, 2016. In connection with the held for sale classification, the Company measured the property at the lower of carrying value or fair value, less costs to sell, with fair value determined based on the estimated sales proceeds for the property. The Company estimated the sales proceeds based on an agreement of purchase and sale (subject to certain terms) entered into for the property. The test resulted in a non-cash
Goodwill	Goodwill - two-step The following is a summary of changes in goodwill for the years ended December 31, 2016 and 2015 (in thousands). The fiscal year 2016 change represents the goodwill amounts allocated at the Acquisition Date to the Hilton Garden Inn – Fredericksburg, Virginia and Marriott – Boulder, Colorado hotel properties which were sold in August 2016, and is in included within the determination of loss on sale of hotel properties presented in the consolidated statement of operations and consolidated statement of cash flows for the year ended December 31, 2016. Year Ended December 31, 2016 2015 Beginning balance $ 126,377 $ 126,377 Allocated to sale of hotel properties (9,907 ) - Ending balance $ 116,470 $ 126,377
Revenue Recognition	Revenue Recognition -
Sales and Marketing Costs	Sales and Marketing Costs -
Income Taxes	Income Taxes -
Valuation of Deferred Tax Assets	Valuation of Deferred Tax Assets -
Income per Common Share	Income per Common Share
Segment Information	Segment Information -
New Accounting Pronouncements	New Accounting Pronouncements - Update (“ASU”) 2015-03, Interest – Imputation of Interest (Subtopic 835-30) 2015-03 In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net). 2016-08 2014-09; 2016-08 2014-09. In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements - Going Concern 2014-15 In February 2016, the FASB issued ASU 2016-02, Leases. 2016-02 In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments 2016-15 Statement of Cash Flows 2016-15 In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory 2016-16 2016-16 In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash. 2016-18 2016-18 In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. 2017-04 2017-04

Summary of Significant Accoun24

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Summary of Cash and Restricted Cash	The following table provides detail regarding cash and restricted cash that sums to the total of such amounts presented in the accompanying consolidated statements of cash flows (in thousands). Year Ended December 31, 2016 2015 2014 Cash $ 25,170 $ 29,137 $ 22,776 Restricted cash 5,996 6,171 40,719 Total cash and restricted cash $ 31,166 $ 35,308 $ 63,495
Summary of Changes in Goodwill	The following is a summary of changes in goodwill for the years ended December 31, 2016 and 2015 (in thousands). The fiscal year 2016 change represents the goodwill amounts allocated at the Acquisition Date to the Hilton Garden Inn – Fredericksburg, Virginia and Marriott – Boulder, Colorado hotel properties which were sold in August 2016, and is in included within the determination of loss on sale of hotel properties presented in the consolidated statement of operations and consolidated statement of cash flows for the year ended December 31, 2016. Year Ended December 31, 2016 2015 Beginning balance $ 126,377 $ 126,377 Allocated to sale of hotel properties (9,907 ) - Ending balance $ 116,470 $ 126,377

Investment in Real Estate, net

Investment in Real Estate, net (Tables)	12 Months Ended
	Dec. 31, 2016
Real Estate [Abstract]
Investment in Real Estate	Investment in real estate, net as of December 31, 2016 and 2015 consisted of the following (in thousands): December 31, 2016 2015 Land and Improvements $ 139,453 $ 154,855 Building and Improvements 735,863 835,335 Furniture, Fixtures and Equipment 52,706 49,020 Construction in Progress 23,319 21,345 951,341 1,060,555 Less: Accumulated Depreciation (93,423 ) (73,915 ) Investment in Real Estate, net $ 857,918 $ 986,640

Sale of Hotel Properties (Table

Sale of Hotel Properties (Tables)	12 Months Ended
	Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Sale of Hotel Properties	During the year ended December 31, 2016, the Company sold two hotels as summarized below (in thousands): Hotel Date of Sale Proceeds Loss Mortgage Marriott - Boulder, Colorado August 2016 $ 59,349 ($ 1,505 ) $ 43,232 Hilton Garden Inn - Fredericksburg, Virginia August 2016 15,208 (837 ) $ 10,243 Total $ 74,557 ($ 2,342 ) $ 53,475

Hotels Held for Sale (Tables)

Hotels Held for Sale (Tables)	12 Months Ended
	Dec. 31, 2016
Text Block [Abstract]
Summary of Hotels Held for Sale	The following is a summary of hotels held for sale as of December 31, 2016 (in thousands). Hotel Assets of Hotels Fairfield Inn - Huntsville, Alabama $ 3,613 TownePlace Suites - Arlington, Texas 7,136 Springhill Suites - Clearwater, Florida 4,973 TownePlace Suites - Las Colinas, Texas 12,330 Springhill Suites - Arlington, Texas 7,195 Courtyard - Albany, Georgia 7,849 Total $ 43,096
Summary of Proceeds from Sale of Hotels Held for Sale	Subsequent to December 31, 2016, the Company sold five of the six hotels held for sale as summarized below (in thousands): Mortgage Payable Hotel Date of Sale Proceeds Repaid Fairfield Inn - Huntsville, Alabama January 2017 $ 4,575 $ 4,444 TownePlace Suites - Arlington, Texas January 2017 8,001 3,606 Springhill Suites - Clearwater, Florida January 2017 5,767 4,971 TownePlace Suites - Las Colinas, Texas January 2017 16,867 8,248 Courtyard - Albany, Georgia February 2017 8,628 6,242 Total $ 43,838 $ 27,511

Mortgages Payable (Tables)

Mortgages Payable (Tables)	12 Months Ended
	Dec. 31, 2016
Mortgage Loans on Real Estate [Abstract]
Schedule of Mortgages Payable	Mortgages payable as of December 31, 2016 and December 31, 2015 consisted of the following (in thousands): December 31, 2016 2015 Mortgages payable before unamortized deferred financing costs $ 757,245 $ 847,032 Unamortized deferred financing costs - (4,763 ) Mortgages payable related to assets held and used $ 757,245 $ 842,269 Mortgages payable related to assets of hotels held for sale 35,871 - Total mortgages payable $ 793,116 $ 842,269
Schedule of Interest Expense	Components of interest expense for the years ended December 31, 2016, 2015 and 2014 were as follows (in thousands): Year Ended December 31, 2016 2015 2014 Mortgage debt $ 27,829 $ 26,036 $ 33,319 Amortization of deferred financing costs 4,678 5,054 5,464 Capitalized interest (363 ) (386 ) - Total interest expense, net $ 32,144 $ 30,704 $ 38,783
Schedule of Future Principal Payments of Debt Obligations and Sale of Hotels Held for Sale	Future scheduled principal payments of debt obligations (assuming exercise of second extension option under the Loan Agreement and the sale of the hotels held for sale as of December 31, 2016 during the fiscal year 2017) as of December 31, 2016 are as follows (in thousands): 2017 $ 36,335 2018 741,140 2019 510 2020 533 2021 562 Thereafter 14,036 Total $ 793,116

Fair Value of Financial Instr29

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Carrying Amounts and Estimated Fair Values of Financial Instruments	Carrying amounts and estimated fair values of financial instruments, for periods indicated, were as follows (in thousands): December 31, 2016 December 31, 2015 Carrying Estimated Carrying Estimated Value Fair Value Value Fair Value Financial assets and liabilities measured at fair value on a recurring basis: Interest rate caps $ - $ - $ - $ - Financial liabilities not measured at fair value: Mortgages payable $ 793,116 $ 792,699 $ 847,032 $ 846,684

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Aggregate Amounts of Minimum Lease Payments under Lease Agreements	The aggregate amounts of minimum lease payments under these lease agreements for the five years subsequent to December 31, 2016 and thereafter are as follows, excluding payments related to the Springhill Suites – Clearwater, Florida which was sold in January 2017 as discussed in Note 5 (in thousands): 2017 $ 107 2018 107 2019 107 2020 45 2021 - Thereafter - Total $ 366

7% Series A Cumulative Redeem31

7% Series A Cumulative Redeemable Preferred Stock (Tables)	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Summary of Reconciliation of Series A Preferred Stock	The table below reconciles the Series A Preferred Stock for the years ended December 31, 2016 and 2015 (in thousands): Ending balance as of December 31, 2014 $ 137,160 Dividends declared in 2015 (9,641 ) Dividends earned in 2015 9,641 Ending balance as of December 31, 2015 $ 137,160 Dividends declared in 2016 (9,641 ) Dividends earned in 2016 9,641 Ending balance as of December 31, 2016 $ 137,160

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Schedule of Differences in Provision for Income Taxes by Applying Statutory Federal Income Tax Rate to Pretax from Continuing Operations	The provision for income taxes differs from the amounts of income tax determined by applying the applicable U.S. statutory federal income tax rate to pretax income from continuing operations as a result of the following differences (in thousands). Year Ended December 31, 2016 2015 2014 Statutory federal income tax provision $ 6,253 34.0 % $ 13,505 34.0 % $ 10,372 34.0 % Adjustment for nontaxable income (6,635 ) -36.1 % (11,468 ) -28.9 % (8,150 ) -26.7 % State income taxes, net of federal income tax benefit 126 0.7 % 390 1.0 % 370 1.2 % Contributions to TRS (942 ) -5.1 % - - % - - % Other - - % (18 ) - % 150 0.5 % Total income tax (benefit) expense ($ 1,198 ) -6.5 % $ 2,409 6.1 % $ 2,742 9.0 %
Components of Company's Income Tax (Benefit) Expense from Continuing Operations	The components of the Company’s income tax (benefit) expense from continuing operations for the years ended December 31, 2016, 2015, and 2014 were as follows (in thousands): Year Ended December 31, 2016 2015 2014 Income tax (benefit) expense: Current: Federal $ 3,353 $ 1,887 $ 2,254 State 728 568 571 Deferred: Federal (4,822 ) (42 ) (75 ) State (457 ) (4 ) (8 ) Total ($ 1,198 ) $ 2,409 $ 2,742
TRS [Member]
Components of Net Deferred Tax Assets and Liabilities	The components of the consolidated TRS’s net deferred tax assets and liabilities as of December 31, 2016 and 2015 were as follows (in thousands): December 31, 2016 2015 Deferred tax assets: Accrued expenses and other $ 585 $ 623 Prepaid expenses and other 21 9 Investment in real estate book-tax 4,641 - Goodwill book-tax 804 - Net operating loss carryforward 935 935 Total deferred tax assets before valuation allowances 6,986 1,567 Valuation allowances (935 ) (935 ) Deferred tax assets $ 6,051 $ 632 Deferred tax liabilities: Goodwill book-tax $ 145 $ - Deferred tax liabilities $ 145 $ -

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Summary of Hotels Sold	The Company sold four hotels during 2014 as summarized below (in thousands): Hotel Sale Date Net Proceeds Gain/(Loss) Fairfield Inn - Orange Park, Florida April 2014 $ 2,978 ($ 67 ) Fairfield Inn - Birmingham, Alabama May 2014 1,509 223 SpringHill Suites - Savannah, Georgia June 2014 3,405 (285 ) SpringHill Suites - Montgomery, Alabama September 2014 1,488 (21 ) Total $ 9,380 ($ 150 )
Operating Results from Discontinued Operations	The following table sets forth the operating results from discontinued operations (in thousands): Year Ended December 31, 2014 Total revenue $ 2,479 Hotel operating expenses 1,938 Taxes, insurance and other 102 General and administrative 67 Interest expense 328 Income tax benefit (62 ) Loss from hotel dispositions (150 ) Loss from discontinued operations ($ 44 )

Quarterly Financial Data (una34

Quarterly Financial Data (unaudited) (Tables)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Data	Quarter Ended - 2016 March 31 June 30 September 30 December 31 (in thousands, except per share data) Revenues $ 66,526 $ 79,380 $ 79,885 $ 60,688 Net income (loss) 1,246 10,222 10,406 (2,284 ) Series A Preferred Stock dividends declared (2,410 ) (2,411 ) (2,410 ) (2,410 ) Net income (loss) available for common stockholder (1,164 ) 7,811 7,996 (4,694 ) Basic and diluted net income (loss) per common share available to common stockholder ($ 11,640.00 ) $ 78,110.00 $ 79,960.00 ($ 46,940.00 ) Distributions declared and paid per common share $ 90,000.00 $ 100,000.00 $ 260,000.00 $ 90,000.00 Quarter Ended - 2015 March 31 June 30 September 30 December 31 (a) (in thousands, except per share data) Revenues $ 63,478 $ 76,145 $ 82,126 $ 65,266 Net income 9,579 9,417 12,932 5,383 Series A Preferred Stock dividends declared (2,410 ) (2,411 ) (2,410 ) (2,410 ) Net income available for common stockholder 7,169 7,006 10,522 2,973 Basic and diluted net income per common share available to common stockholder $ 71,690.00 $ 70,060.00 $ 105,220.00 $ 29,730.00 Distributions declared and paid per common share $ - $ 90,000.00 $ 190,000.00 $ 100,000.00 (a) Includes $1.7 million loss on disposals of investment in real estate due to property damage at four of the Company’s hotels located in Texas.

Organization - Additional Infor

Organization - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2016HotelRoomState	Dec. 03, 2014Hotel
Organization [Line Items]
Number of hotels owned | Hotel	60	60
Number of states the hotels located | State	17
Aggregate number of rooms | Room	7,041
Apple REIT Six, Inc. [Member]
Organization [Line Items]
Acquisition date	May 14, 2013

Summary of Significant Accoun36

Summary of Significant Accounting Policies - Additional Information (Detail)	3 Months Ended			12 Months Ended
	Dec. 31, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)PropertySegment$ / Assets	Dec. 31, 2015USD ($)
Property, Plant and Equipment [Line Items]
Deposits within financial institutions	$ 250,000			$ 250,000
Number of identical assets purchase | Property				10
Impairment of investment in real estate				$ 17,694,000
Goodwill impairment				$ 0
Number of operating segment | Segment				1
ASU 2015-03 [Member]
Property, Plant and Equipment [Line Items]
Debt issuance costs					$ 4,800,000
Marriott - Boulder, Colorado [Member]
Property, Plant and Equipment [Line Items]
Impairment of investment in real estate		$ 3,000,000
Hilton Garden Inn - Fredericksburg, Virginia [Member]
Property, Plant and Equipment [Line Items]
Impairment of investment in real estate			$ 5,500,000
Fairfield Inn - Huntsville, Alabama [Member]
Property, Plant and Equipment [Line Items]
Impairment of investment in real estate	4,300,000
Towne Place Suites - Arlington, Texas [Member]
Property, Plant and Equipment [Line Items]
Impairment of investment in real estate	900,000
Springhill Suites - Clearwater, Florida [Member]
Property, Plant and Equipment [Line Items]
Impairment of investment in real estate	2,700,000
Courtyard - Albany, Georgia [Member]
Property, Plant and Equipment [Line Items]
Impairment of investment in real estate	$ 1,300,000
Buildings [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets				39 years
Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets				1 year
Cost of asset				$ 500
Asset per unit cost | $ / Assets				50
Repairs cost of asset				$ 2,500
Percentage of adjusted taxable income to be distributed to stockholder				90.00%
Minimum [Member] | Land and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets				10 years
Minimum [Member] | Furniture, Fixtures and Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets				3 years
Maximum [Member] | Land and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets				15 years
Maximum [Member] | Furniture, Fixtures and Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets				7 years

Summary of Significant Accoun37

Summary of Significant Accounting Policies - Summary of Cash and Restricted Cash (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounting Policies [Abstract]
Cash	$ 25,170	$ 29,137	$ 22,776
Restricted cash	5,996	6,171	40,719
Total cash and restricted cash	$ 31,166	$ 35,308	$ 63,495	$ 63,081

Summary of Significant Accoun38

Summary of Significant Accounting Policies - Summary of Changes in Goodwill (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 126,377
Allocated to sale of hotel properties	(9,907)
Ending balance	$ 116,470

Investment in Real Estate, ne39

Investment in Real Estate, net - Investment in Real Estate (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Real Estate Properties [Line Items]
Investment in Real Estate, gross	$ 951,341	$ 1,060,555
Less: Accumulated Depreciation	(93,423)	(73,915)
Investment in Real Estate, net	857,918	986,640
Land and Improvements [Member]
Real Estate Properties [Line Items]
Investment in Real Estate, gross	139,453	154,855
Building and Improvements [Member]
Real Estate Properties [Line Items]
Investment in Real Estate, gross	735,863	835,335
Furniture, Fixtures and Equipment [Member]
Real Estate Properties [Line Items]
Investment in Real Estate, gross	52,706	49,020
Construction in Progress [Member]
Real Estate Properties [Line Items]
Investment in Real Estate, gross	$ 23,319	$ 21,345

Sale of Hotel Properties - Summ

Sale of Hotel Properties - Summary of Hotels Sold (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net proceeds from sale of hotels	$ 74,557
Loss from sale of hotels	(2,342)
Mortgage Payable Repaid	$ 53,475
Marriott - Boulder, Colorado [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date of Sale	2016-08
Net proceeds from sale of hotels	$ 59,349
Loss from sale of hotels	(1,505)
Mortgage Payable Repaid	$ 43,232
Hilton Garden Inn - Fredericksburg, Virginia [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date of Sale	2016-08
Net proceeds from sale of hotels	$ 15,208
Loss from sale of hotels	(837)
Mortgage Payable Repaid	$ 10,243

Sale of Hotel Properties - Addi

Sale of Hotel Properties - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2014
Schedule Of Discontinued Operations [Line Items]
Net proceeds from sale of hotels	$ 74,557	$ 9,380
Loss on sale of hotel properties	(2,342)
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Schedule Of Discontinued Operations [Line Items]
Selling cost of sale of hotels	2,400
Deferred financing cost	$ 100

Hotels Held for Sale - Addition

Hotels Held for Sale - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2016Hotel
Property, Plant and Equipment Assets Held-for-sale Disclosure [Abstract]
Number of hotels held for sale	6

Hotels Held for Sale - Summary

Hotels Held for Sale - Summary of Hotels Held for Sale (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2014
Long Lived Assets Held-for-sale [Line Items]
Hotels held for sale	$ 43,096	$ 9,380
Fairfield Inn Huntsville Alabama Hotel [Member] | Discontinued Operations, Held-for-sale [Member]
Long Lived Assets Held-for-sale [Line Items]
Hotels held for sale	3,613
Townie Place Suites Arlington Texas Hotel [Member] | Discontinued Operations, Held-for-sale [Member]
Long Lived Assets Held-for-sale [Line Items]
Hotels held for sale	7,136
Springhill Suites Clearwater Florida Hotel [Member] | Discontinued Operations, Held-for-sale [Member]
Long Lived Assets Held-for-sale [Line Items]
Hotels held for sale	4,973
Towne Place Suites Las Colinas Texas Hotel [Member] | Discontinued Operations, Held-for-sale [Member]
Long Lived Assets Held-for-sale [Line Items]
Hotels held for sale	12,330
Springhill Suites Arlington Texas Hotel [Member] | Discontinued Operations, Held-for-sale [Member]
Long Lived Assets Held-for-sale [Line Items]
Hotels held for sale	7,195
Courtyard Albany Georgia Hotel [Member] | Discontinued Operations, Held-for-sale [Member]
Long Lived Assets Held-for-sale [Line Items]
Hotels held for sale	$ 7,849

Hotels Held for Sale - Summar44

Hotels Held for Sale - Summary of Proceeds from Sale of Hotels Held for Sale (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 27, 2017	Dec. 31, 2016	Dec. 31, 2014
Long Lived Assets Held-for-sale [Line Items]
Proceeds		$ 74,557
Mortgage Payable Rapid			$ 4,295
Subsequent Event [Member]
Long Lived Assets Held-for-sale [Line Items]
Proceeds	$ 43,838
Mortgage Payable Rapid	$ 27,511
Subsequent Event [Member] | Fairfield Inn Huntsville Alabama Hotel [Member] | Discontinued Operations, Disposed of by Sale [Member]
Long Lived Assets Held-for-sale [Line Items]
Date of Sale	2017-01
Proceeds	$ 4,575
Mortgage Payable Rapid	$ 4,444
Subsequent Event [Member] | Townie Place Suites Arlington Texas Hotel [Member] | Discontinued Operations, Disposed of by Sale [Member]
Long Lived Assets Held-for-sale [Line Items]
Date of Sale	2017-01
Proceeds	$ 8,001
Mortgage Payable Rapid	$ 3,606
Subsequent Event [Member] | Springhill Suites Clearwater Florida Hotel [Member] | Discontinued Operations, Disposed of by Sale [Member]
Long Lived Assets Held-for-sale [Line Items]
Date of Sale	2017-01
Proceeds	$ 5,767
Mortgage Payable Rapid	$ 4,971
Subsequent Event [Member] | Towne Place Suites Las Colinas Texas Hotel [Member] | Discontinued Operations, Disposed of by Sale [Member]
Long Lived Assets Held-for-sale [Line Items]
Date of Sale	2017-01
Proceeds	$ 16,867
Mortgage Payable Rapid	$ 8,248
Subsequent Event [Member] | Courtyard Albany Georgia Hotel [Member] | Discontinued Operations, Disposed of by Sale [Member]
Long Lived Assets Held-for-sale [Line Items]
Date of Sale	2017-02
Proceeds	$ 8,628
Mortgage Payable Rapid	$ 6,242

Mortgages Payable - Schedule of

Mortgages Payable - Schedule of Mortgages Payable (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Mortgage Loans on Real Estate [Abstract]
Mortgages payable before unamortized deferred financing costs	$ 757,245	$ 847,032
Unamortized deferred financing costs	0	(4,763)
Mortgages payable related to assets held and used	757,245	842,269
Mortgages payable related to assets of hotels held for sale	35,871
Total mortgages payable	$ 793,116	$ 842,269

Mortgages Payable - Additional

Mortgages Payable - Additional Information (Detail)	3 Months Ended	12 Months Ended
	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)Hotel	Dec. 31, 2015USD ($)	Dec. 31, 2014	Dec. 03, 2014USD ($)PropertyHotel	May 14, 2013USD ($)
Mortgage Loans on Real Estate [Line Items]
Number of properties leased | Property					59
Number of hotels owned | Hotel		60			60
Deferred financing costs associated with Loan		$ 0	$ 4,763,000
Effective interest rate of long-term debt		3.34%	3.06%	4.10%
Weighted average interest rate on long-term debt		3.53%	3.17%
Subsequent Event [Member]
Mortgage Loans on Real Estate [Line Items]
Repayments of long-term debt	$ 2,600,000
Mortgage and Mezzanine Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Borrowings on mortgage loan					$ 830,000,000
Loans maturity, description		The initial maturity for the Loan was December 9, 2016, and the Company exercised the first of three one-year extensions, subject to certain conditions permissible per the Loan Agreement, to extend the maturity date of the Loan to December 9, 2017. The Company plans to exercise the second of the three one-year extensions permissible per the Loan Agreement.
Loan Agreement [Member]
Mortgage Loans on Real Estate [Line Items]
Borrowings on mortgage loan						$ 775,000,000
Loan outstanding principal amount					$ 763,900,000
Maximum [Member]
Mortgage Loans on Real Estate [Line Items]
Percentage of guarantor liability on principal of loan outstanding		15.00%
Interest Rate Cap [Member]
Mortgage Loans on Real Estate [Line Items]
Derivative, maturity date		Dec. 9, 2017
Net proceeds from borrowings on mortgage payable and mezzanine loans		$ 776,500,000
Fort Worth, Texas Residence Inn [Member]
Mortgage Loans on Real Estate [Line Items]
Loan, maturity date		Oct. 6, 2022
Loan, interest rate		4.73%
Fort Worth, Texas Residence Inn [Member] | Mortgages Payable [Member]
Mortgage Loans on Real Estate [Line Items]
Loan, Outstanding principal balance		$ 16,600,000	$ 17,000,000
LIBOR [Member] | Mortgage and Mezzanine Loans [Member]
Mortgage Loans on Real Estate [Line Items]
Margin rate		2.80%
One-Month LIBOR [Member] | Interest Rate Cap [Member]
Mortgage Loans on Real Estate [Line Items]
Margin rate		8.374%
Mezzanine Loans [Member] | Year One [Member] | Minimum [Member]
Mortgage Loans on Real Estate [Line Items]
Debt yield		7.50%
Mezzanine Loans [Member] | Year One [Member] | Maximum [Member]
Mortgage Loans on Real Estate [Line Items]
Debt yield		7.50%
Mezzanine Loans [Member] | Year Two [Member] | Minimum [Member]
Mortgage Loans on Real Estate [Line Items]
Debt yield		7.50%
Mezzanine Loans [Member] | Year Two [Member] | Maximum [Member]
Mortgage Loans on Real Estate [Line Items]
Debt yield		7.50%
Mezzanine Loans [Member] | Year Three [Member] | Minimum [Member]
Mortgage Loans on Real Estate [Line Items]
Debt yield		7.50%
Mezzanine Loans [Member] | Year Three [Member] | Maximum [Member]
Mortgage Loans on Real Estate [Line Items]
Debt yield		7.50%
Mezzanine Loans [Member] | Year Four [Member] | Minimum [Member]
Mortgage Loans on Real Estate [Line Items]
Debt yield		7.50%
Mezzanine Loans [Member] | Year Four [Member] | Maximum [Member]
Mortgage Loans on Real Estate [Line Items]
Debt yield		7.50%
Mezzanine Loans [Member] | Year Five [Member] | Minimum [Member]
Mortgage Loans on Real Estate [Line Items]
Debt yield		7.75%
Mezzanine Loans [Member] | Year Five [Member] | Maximum [Member]
Mortgage Loans on Real Estate [Line Items]
Debt yield		7.75%

Mortgages Payable - Schedule 47

Mortgages Payable - Schedule of Interest Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Interest Expense [Abstract]
Mortgage debt	$ 27,829	$ 26,036	$ 33,319
Amortization of deferred financing costs	4,678	5,054	5,464
Capitalized interest	(363)	(386)
Total interest expense, net	$ 32,144	$ 30,704	$ 38,783

Mortgages Payable - Schedule 48

Mortgages Payable - Schedule of Future Principal Payments of Debt Obligations and Sale of Hotels Held for Sale (Detail) $ in Thousands	Dec. 31, 2016USD ($)
Debt Disclosure [Abstract]
2,017	$ 36,335
2,018	741,140
2,019	510
2,020	533
2,021	562
Thereafter	14,036
Total	$ 793,116

Fair Value of Financial Instr49

Fair Value of Financial Instruments - Carrying Amounts and Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Mortgages payable, Carrying Value	$ 793,116	$ 847,032
Mortgages payable, Estimated Fair Value	792,699	846,684
Fair Value, Measurements, Recurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate caps, Carrying Value	0	0
Interest rate caps, Estimated Fair Value	$ 0	$ 0

Fair Value of Financial Instr50

Fair Value of Financial Instruments - Additional Information (Detail) $ in Millions	1 Months Ended
	Dec. 31, 2014USD ($)Agreement
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Number of interest rate cap agreement acquired | Agreement	1
Interest Rate Cap [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate derivative instrument cost	$ 0.3
Interest Rate Cap [Member] | Upon Exercise of First One-Year Extension of Loan [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate derivative instrument cost	$ 0.1

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Thousands	1 Months Ended	12 Months Ended
	Feb. 28, 2017USD ($)Property	Dec. 31, 2016USD ($)Hotel	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 03, 2014Hotel
Long-term Purchase Commitment [Line Items]
Insurance receivable		$ 5,067	$ 6,496
Insurance receivable collected		$ 1,400
Number of hotels owned | Hotel		60			60
Number of subset of hotels with ground leases | Hotel		4
Ground lease expenses		$ 200	$ 200	$ 200
Deepwater Horizon Economic and Property Damages Settlement Program [Member] | Subsequent Event [Member]
Long-term Purchase Commitment [Line Items]
Proceeds from litigation settlement	$ 1,400
Number of damaged properties prior to Merger | Property	4
Affiliated Entity [Member]
Long-term Purchase Commitment [Line Items]
Management agreement terms, description		The agreements with less than one year remaining in their term generally automatically renew on annual or month-to-month terms unless either party to the agreement gives prior notice of the termination thereof.
Affiliated Entity [Member] | Management Agreements [Member]
Long-term Purchase Commitment [Line Items]
Number of hotels owned | Hotel		60
Ground Leases [Member] | PA Residence Inn [Member]
Long-term Purchase Commitment [Line Items]
Lease obligation remaining period		17 years
Minimum [Member] | Franchise Agreements [Member]
Long-term Purchase Commitment [Line Items]
Royalty fee		4.50%
Minimum [Member] | Affiliated Entity [Member]
Long-term Purchase Commitment [Line Items]
Payment of management fee as percentage of revenues		2.00%
Management agreement remaining terms, period		1 year
Minimum [Member] | Ground Leases [Member]
Long-term Purchase Commitment [Line Items]
Lease obligation remaining period		3 years
Maximum [Member] | Franchise Agreements [Member]
Long-term Purchase Commitment [Line Items]
Royalty fee		6.00%
Maximum [Member] | Affiliated Entity [Member]
Long-term Purchase Commitment [Line Items]
Payment of management fee as percentage of revenues		7.00%
Management agreement remaining terms, period		17 years
Maximum [Member] | Ground Leases [Member]
Long-term Purchase Commitment [Line Items]
Lease obligation remaining period		17 years

Commitments and Contingencies52

Commitments and Contingencies - Aggregate Amounts of Minimum Lease Payments under Lease Agreements (Detail) $ in Thousands	Dec. 31, 2016USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,017	$ 107
2,018	107
2,019	107
2,020	45
2,021	0
Thereafter	0
Total	$ 366

7% Series A Cumulative Redeem53

7% Series A Cumulative Redeemable Preferred Stock - Additional Information (Detail) - USD ($)	Dec. 23, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2014	Nov. 29, 2012
Class of Stock [Line Items]
Percentage of dividends characterized as ordinary income		33.47%	98.54%
7% Series A Cumulative Redeemable Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares issued		72,382,848	72,382,848			97,032,848
Initial date for redemption of shares		Nov. 14, 2020
Preferred Stock, dividend rate		7.00%
Increase in dividend rate of preferred stock per annum, if not paid in cash for more than six quarters		9.00%
Increase in dividend rate of preferred stock if not redeemed after control events and May 14, 2018		11.00%
Increase in dividend rate, trigger date		May 14, 2018
Redemption of Series A Preferred Stock				$ 46,835,000
Number of preferred stock redeemed				24,650,000
Redemption price per share				$ 1.9281	$ 1.9281
Preferred stock initial liquidation preference per share		$ 1.90	$ 1.90	1.90	$ 1.90
Accumulated and unpaid dividends earned per share				$ 0.0281
Number of preferred stock owned by company		72,382,848	72,382,848
Date of merger agreement					Nov. 29, 2012
Preferred Stock, dividend declared per share	$ 0.0333
Accrued dividend		$ 2,400,000
Percentage of dividends characterized as ordinary income		100.00%
Dividend paid, date		Jan. 17, 2017
Preferred Stock, dividend record date		Jan. 1, 2017
Dividend payable, date declared		Dec. 23, 2016
7% Series A Cumulative Redeemable Preferred Stock [Member] | Minimum [Member]
Class of Stock [Line Items]
Legacy litigation and regulatory matters, expense					$ 3,500,000
7% Series A Cumulative Redeemable Preferred Stock [Member] | BRE Holdings [Member]
Class of Stock [Line Items]
Number of preferred stock owned by company		1,500,000

7% Series A Cumulative Redeem54

7% Series A Cumulative Redeemable Preferred Stock - Summary of Reconciliation of Series A Preferred Stock (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Class of Stock [Line Items]
Dividends declared	$ (2,410)	$ (2,410)	$ (2,411)	$ (2,410)	$ (2,410)	$ (2,410)	$ (2,411)	$ (2,410)
7% Series A Cumulative Redeemable Preferred Stock [Member]
Class of Stock [Line Items]
Beginning balance				$ 137,160				$ 137,160	$ 137,160	$ 137,160
Dividends declared									(9,641)	(9,641)
Dividends earned									9,641	9,641
Ending balance	$ 137,160				$ 137,160				$ 137,160	$ 137,160

Stockholder's Equity - Addition

Stockholder's Equity - Additional Information (Detail) - $ / shares	Feb. 10, 2017	Dec. 31, 2016	Dec. 31, 2015
Class of Stock [Line Items]
Capital stock, shares authorized		150,100,000
Common stock, par value		$ 0.01	$ 0.01
Preferred stock, par value		$ 0.0001	$ 0.0001
Common stock voting rights		Company's common stock are entitled to one vote for each share of common stock
Common stock, shares issued		100	100
Common stock, shares outstanding		100	100
Percentage of dividends characterized as ordinary income		33.47%	98.54%
Percentage of dividends characterized as return of capital		66.53%	1.46%
BRE Holdings [Member]
Class of Stock [Line Items]
Percentage of common stock owned by BRE Select Hotels Holdings LP		100.00%
Common Stock [Member]
Class of Stock [Line Items]
Capital stock, shares authorized		100,000
Common Stock [Member] | Subsequent Event [Member]
Class of Stock [Line Items]
Dividend payable, date declared	Feb. 10, 2017
Dividend payable, date to be paid	Feb. 13, 2017
Common Stock, dividend declared per share	$ 100,000
Preferred Stock [Member]
Class of Stock [Line Items]
Capital stock, shares authorized		150,000,000

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Contributions to TRS	$ (942,000)
Valuation allowance	$ 900,000	$ 900,000
Net operating loss carryforwards, year of expiration	2,034
Recognized tax benefits, percentage	50.00%
Uncertain tax positions	$ 0
Tax years that remains open after	2,012

Income Taxes - Schedule of Diff

Income Taxes - Schedule of Differences in Provision for Income Taxes by Applying Statutory Federal Income Tax Rate to Pretax from Continuing Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Statutory federal income tax provision	$ 6,253	$ 13,505	$ 10,372
Adjustment for nontaxable income	(6,635)	(11,468)	(8,150)
State income taxes, net of federal income tax benefit	126	390	370
Contributions to TRS	(942)
Other		(18)	150
Total income tax (benefit) expense	$ (1,198)	$ 2,409	$ 2,742
Statutory federal income tax provision, percentage	34.00%	34.00%	34.00%
Adjustment for nontaxable income, percentage	(36.10%)	(28.90%)	(26.70%)
State income taxes, net of federal income tax benefit, percentage	0.70%	1.00%	1.20%
Contributions to TRS, percentage	(5.10%)
Other, percentage			0.50%
Total income tax (benefit) expense, percentage	(6.50%)	6.10%	9.00%

Income Taxes - Components of Co

Income Taxes - Components of Company's Income Tax (Benefit) Expense from Continuing Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current:
Federal	$ 3,353	$ 1,887	$ 2,254
State	728	568	571
Deferred:
Federal	(4,822)	(42)	(75)
State	(457)	(4)	(8)
Total income tax (benefit) expense	$ (1,198)	$ 2,409	$ 2,742

Income Taxes - Components of Ne

Income Taxes - Components of Net Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets:
Total deferred tax assets before valuation allowances	$ 6,051	$ 632
TRS [Member]
Deferred tax assets:
Accrued expenses and other	585	623
Prepaid expenses and other	21	9
Investment in real estate book-tax basis difference	4,641
Goodwill book-tax basis difference	804
Net operating loss carryforward	935	935
Total deferred tax assets before valuation allowances	6,986	1,567
Valuation allowances	(935)	(935)
Deferred tax assets	6,051	$ 632
Deferred tax liabilities:
Goodwill book-tax basis differences	145
Deferred tax liabilities	$ 145

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2016USD ($)Hotel	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 03, 2014Hotel
Related Party Transaction [Line Items]
Number of hotels owned | Hotel	60			60
Capital improvements payable	$ 1,113,000	$ 1,149,000
Hilton Worldwide Inc [Member]
Related Party Transaction [Line Items]
Franchise fees, marketing fees, and other expenses	17,500,000	18,300,000	$ 17,500,000
Amount paid for capital improvements	0	3,600,000	1,000,000
Capital improvements payable	0	0
Affiliated Entity [Member]
Related Party Transaction [Line Items]
Professional fees paid to management company	1,600,000	2,400,000	$ 1,100,000
Management Company [Member]
Related Party Transaction [Line Items]
Capital improvements payable	$ 100,000	$ 100,000
Hilton Worldwide Holdings Inc. Franchisor [Member] | Hilton Worldwide Inc [Member]
Related Party Transaction [Line Items]
Number of hotels owned | Hotel	26

Discontinued Operations - Summa

Discontinued Operations - Summary of Hotels Sold (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Proceeds from sale of hotels	$ 9,380	$ 43,096
Gain/(Loss) from sale of hotels	$ (150)
Fairfield Inn - Orange Park, Florida [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Hotels sale date	Apr. 30, 2014
Net Proceeds from sale of hotels	$ 2,978
Fairfield Inn - Orange Park, Florida [Member] | Discontinued Operations, Disposed of by Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain/(Loss) from sale of hotels	$ (67)
Fairfield Inn - Birmingham, Alabama [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Hotels sale date	May 31, 2014
Net Proceeds from sale of hotels	$ 1,509
Fairfield Inn - Birmingham, Alabama [Member] | Discontinued Operations, Disposed of by Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain/(Loss) from sale of hotels	$ 223
SpringHill Suites - Savannah, Georgia [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Hotels sale date	Jun. 30, 2014
Net Proceeds from sale of hotels	$ 3,405
SpringHill Suites - Savannah, Georgia [Member] | Discontinued Operations, Disposed of by Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain/(Loss) from sale of hotels	$ (285)
SpringHill Suites - Montgomery, Alabama [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Hotels sale date	Sep. 30, 2014
Net Proceeds from sale of hotels	$ 1,488
SpringHill Suites - Montgomery, Alabama [Member] | Discontinued Operations, Disposed of by Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain/(Loss) from sale of hotels	$ (21)

Discontinued Operations - Opera

Discontinued Operations - Operating Results from Discontinued Operations (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2014USD ($)
Discontinued Operations and Disposal Groups [Abstract]
Total revenue	$ 2,479
Hotel operating expenses	1,938
Taxes, insurance and other	102
General and administrative	67
Interest expense	328
Income tax benefit	(62)
Loss from hotel dispositions	(150)
Loss from discontinued operations	$ (44)

Quarterly Financial Data - Sche

Quarterly Financial Data - Schedule of Quarterly Financial Data (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Revenues	$ 60,688	$ 79,885	$ 79,380	$ 66,526	$ 65,266	$ 82,126	$ 76,145	$ 63,478	$ 286,479	$ 287,015	$ 276,521
Net income (loss)	(2,284)	10,406	10,222	1,246	5,383	12,932	9,417	9,579	19,590	37,311	27,719
Series A Preferred Stock dividends declared	(2,410)	(2,410)	(2,411)	(2,410)	(2,410)	(2,410)	(2,411)	(2,410)
Net income (loss) available for common stockholder	$ (4,694)	$ 7,996	$ 7,811	$ (1,164)	$ 2,973	$ 10,522	$ 7,006	$ 7,169	$ 9,949	$ 27,670	$ 14,922
Basic and diluted net income (loss) per common share available to common stockholder	$ (46,940)	$ 79,960	$ 78,110	$ (11,640)	$ 29,730	$ 105,220	$ 70,060	$ 71,690	$ 99,490	$ 276,700	$ 149,220
Distributions declared and paid per common share	$ 90,000	$ 260,000	$ 100,000	$ 90,000	$ 100,000	$ 190,000	$ 90,000		$ 540,000	$ 380,000	$ 300,000

Quarterly Financial Data - Sc64

Quarterly Financial Data - Schedule of Quarterly Financial Data (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2015
Effect of Fourth Quarter Events [Line Items]
Loss on disposals of investment in real estate		$ 6,116
Property Damage [Member]
Effect of Fourth Quarter Events [Line Items]
Loss on disposals of investment in real estate	$ 1,700

Schedule III - Real Estate an65

Schedule III - Real Estate and Accumulated Depreciation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2016
Investment in real estate:
Real estate gross, carrying value	$ 1,060,555	$ 1,018,604	$ 975,373
Improvements	37,548	56,452	43,231
Hotels held for sale	(49,426)
Disposals and impairments	(97,336)	(14,501)
Real estate gross, carrying value	951,341	1,060,555	1,018,604
Encumbrances				$ 757,245
Accumulated depreciation:
Real estate accumulated depreciation	73,915	43,771	16,359
Depreciation expense	38,507	33,775	27,412
Hotels held for sale	(6,330)
Disposals and impairment	(12,669)	(3,631)
Real estate accumulated depreciation	93,423	73,915	43,771
Initial Cost to Company, Land				138,340
Initial Cost to Company, Building and Improvements				708,570
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				104,431
Gross Cost at Which Carried at Close of Period, Land				139,453
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				811,888
Gross Cost at Which Carried at Close of Period, Total	1,060,555	1,018,604	975,373	951,341
Gross Cost at Which Carried at Close of Period, Acc Depreciation	(73,915)	$ (43,771)	$ (16,359)	(93,423)
Dothan [Member] | Alabama [Member] | Courtyard [Member]
Investment in real estate:
Real estate gross, carrying value	10,921
Encumbrances				5,920
Accumulated depreciation:
Real estate accumulated depreciation	1,131
Initial Cost to Company, Land				810
Initial Cost to Company, Building and Improvements				8,690
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,421
Gross Cost at Which Carried at Close of Period, Land				822
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				10,099
Gross Cost at Which Carried at Close of Period, Total	10,921			10,921
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,131)			(1,131)
Year of Construction	1,996
Date Acquired	2013-05
Dothan [Member] | Alabama [Member] | Hampton Inn & Suites [Member]
Investment in real estate:
Real estate gross, carrying value	$ 8,999
Encumbrances				9,272
Accumulated depreciation:
Real estate accumulated depreciation	895
Initial Cost to Company, Land				1,110
Initial Cost to Company, Building and Improvements				6,700
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,189
Gross Cost at Which Carried at Close of Period, Land				1,115
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				7,884
Gross Cost at Which Carried at Close of Period, Total	8,999			8,999
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (895)			(895)
Year of Construction	2,004
Date Acquired	2013-05
Huntsville [Member] | Alabama [Member] | Residence Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 10,813
Encumbrances				5,848
Accumulated depreciation:
Real estate accumulated depreciation	1,041
Initial Cost to Company, Land				1,280
Initial Cost to Company, Building and Improvements				8,300
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,233
Gross Cost at Which Carried at Close of Period, Land				1,308
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				9,505
Gross Cost at Which Carried at Close of Period, Total	10,813			10,813
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,041)			(1,041)
Year of Construction	2,002
Date Acquired	2013-05
Tuscaloosa [Member] | Alabama [Member] | Courtyard [Member]
Investment in real estate:
Real estate gross, carrying value	$ 8,001
Encumbrances				9,486
Accumulated depreciation:
Real estate accumulated depreciation	1,091
Initial Cost to Company, Building and Improvements				7,690
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				311
Gross Cost at Which Carried at Close of Period, Land				19
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				7,982
Gross Cost at Which Carried at Close of Period, Total	8,001			8,001
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,091)			(1,091)
Year of Construction	1,996
Date Acquired	2013-05
Tuscaloosa [Member] | Alabama [Member] | Fairfield Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 5,631
Encumbrances				4,422
Accumulated depreciation:
Real estate accumulated depreciation	611
Initial Cost to Company, Building and Improvements				3,990
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,641
Gross Cost at Which Carried at Close of Period, Land				4
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				5,627
Gross Cost at Which Carried at Close of Period, Total	5,631			5,631
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (611)			(611)
Year of Construction	1,996
Date Acquired	2013-05
Anchorage [Member] | Alaska [Member] | Hampton Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 16,636
Encumbrances				12,196
Accumulated depreciation:
Real estate accumulated depreciation	1,768
Initial Cost to Company, Land				2,020
Initial Cost to Company, Building and Improvements				12,980
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,636
Gross Cost at Which Carried at Close of Period, Land				2,071
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				14,565
Gross Cost at Which Carried at Close of Period, Total	16,636			16,636
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,768)			(1,768)
Year of Construction	1,997
Date Acquired	2013-05
Anchorage [Member] | Alaska [Member] | Hilton Garden Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 25,456
Encumbrances				21,040
Accumulated depreciation:
Real estate accumulated depreciation	2,422
Initial Cost to Company, Land				2,530
Initial Cost to Company, Building and Improvements				20,780
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				2,146
Gross Cost at Which Carried at Close of Period, Land				2,579
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				22,877
Gross Cost at Which Carried at Close of Period, Total	25,456			25,456
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (2,422)			(2,422)
Year of Construction	2,002
Date Acquired	2013-05
Anchorage [Member] | Alaska [Member] | Homewood Suites [Member]
Investment in real estate:
Real estate gross, carrying value	$ 24,036
Encumbrances				19,399
Accumulated depreciation:
Real estate accumulated depreciation	2,165
Initial Cost to Company, Land				3,190
Initial Cost to Company, Building and Improvements				19,510
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,336
Gross Cost at Which Carried at Close of Period, Land				3,332
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				20,704
Gross Cost at Which Carried at Close of Period, Total	24,036			24,036
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (2,165)			(2,165)
Year of Construction	2,004
Date Acquired	2013-05
Phoenix [Member] | Arizona [Member] | Hampton Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 11,662
Encumbrances				9,842
Accumulated depreciation:
Real estate accumulated depreciation	932
Initial Cost to Company, Land				3,930
Initial Cost to Company, Building and Improvements				7,190
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				542
Gross Cost at Which Carried at Close of Period, Land				3,942
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				7,720
Gross Cost at Which Carried at Close of Period, Total	11,662			11,662
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (932)			(932)
Year of Construction	1,998
Date Acquired	2013-05
Arcadia [Member] | California [Member] | Hilton Garden Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 18,981
Encumbrances				17,759
Accumulated depreciation:
Real estate accumulated depreciation	1,888
Initial Cost to Company, Land				2,940
Initial Cost to Company, Building and Improvements				14,310
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,731
Gross Cost at Which Carried at Close of Period, Land				2,989
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				15,992
Gross Cost at Which Carried at Close of Period, Total	18,981			18,981
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,888)			(1,888)
Year of Construction	1,999
Date Acquired	2013-05
Arcadia [Member] | California [Member] | SpringHill Suites - Savannah, Georgia [Member]
Investment in real estate:
Real estate gross, carrying value	$ 14,141
Encumbrances				10,342
Accumulated depreciation:
Real estate accumulated depreciation	1,677
Initial Cost to Company, Land				2,610
Initial Cost to Company, Building and Improvements				9,130
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				2,401
Gross Cost at Which Carried at Close of Period, Land				2,662
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				11,479
Gross Cost at Which Carried at Close of Period, Total	14,141			14,141
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,677)			(1,677)
Year of Construction	1,999
Date Acquired	2013-05
Bakersfield [Member] | California [Member] | Hilton Garden Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 14,291
Encumbrances				9,414
Accumulated depreciation:
Real estate accumulated depreciation	1,255
Initial Cost to Company, Land				1,260
Initial Cost to Company, Building and Improvements				10,490
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				2,541
Gross Cost at Which Carried at Close of Period, Land				1,264
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				13,027
Gross Cost at Which Carried at Close of Period, Total	14,291			14,291
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,255)			(1,255)
Year of Construction	2,004
Date Acquired	2013-05
Folsom [Member] | California [Member] | Hilton Garden Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 13,906
Encumbrances				8,487
Accumulated depreciation:
Real estate accumulated depreciation	1,323
Initial Cost to Company, Land				1,310
Initial Cost to Company, Building and Improvements				11,000
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,596
Gross Cost at Which Carried at Close of Period, Land				1,344
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				12,562
Gross Cost at Which Carried at Close of Period, Total	13,906			13,906
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,323)			(1,323)
Year of Construction	1,999
Date Acquired	2013-05
Foothill Ranch [Member] | California [Member] | Hampton Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 9,859
Encumbrances				6,847
Accumulated depreciation:
Real estate accumulated depreciation	986
Initial Cost to Company, Land				2,970
Initial Cost to Company, Building and Improvements				5,080
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,809
Gross Cost at Which Carried at Close of Period, Land				3,017
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				6,842
Gross Cost at Which Carried at Close of Period, Total	9,859			9,859
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (986)			(986)
Year of Construction	1,998
Date Acquired	2013-05
Lake Forest [Member] | California [Member] | Hilton Garden Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 16,758
Encumbrances				11,197
Accumulated depreciation:
Real estate accumulated depreciation	1,595
Initial Cost to Company, Land				4,250
Initial Cost to Company, Building and Improvements				10,440
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				2,068
Gross Cost at Which Carried at Close of Period, Land				4,274
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				12,484
Gross Cost at Which Carried at Close of Period, Total	16,758			16,758
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,595)			(1,595)
Year of Construction	2,004
Date Acquired	2013-05
Milpitas [Member] | California [Member] | Hilton Garden Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 31,603
Encumbrances				32,789
Accumulated depreciation:
Real estate accumulated depreciation	2,745
Initial Cost to Company, Land				6,600
Initial Cost to Company, Building and Improvements				22,190
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				2,813
Gross Cost at Which Carried at Close of Period, Land				6,604
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				24,999
Gross Cost at Which Carried at Close of Period, Total	31,603			31,603
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (2,745)			(2,745)
Year of Construction	1,999
Date Acquired	2013-05
Roseville [Member] | California [Member] | Hilton Garden Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 8,717
Encumbrances				8,202
Accumulated depreciation:
Real estate accumulated depreciation	601
Initial Cost to Company, Land				2,470
Initial Cost to Company, Building and Improvements				4,260
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,987
Gross Cost at Which Carried at Close of Period, Land				2,515
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				6,202
Gross Cost at Which Carried at Close of Period, Total	8,717			8,717
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (601)			(601)
Year of Construction	1,999
Date Acquired	2013-05
San Francisco [Member] | California [Member] | Hilton Garden Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 39,468
Encumbrances				34,377
Accumulated depreciation:
Real estate accumulated depreciation	3,208
Initial Cost to Company, Land				7,920
Initial Cost to Company, Building and Improvements				29,100
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				2,448
Gross Cost at Which Carried at Close of Period, Land				7,938
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				31,530
Gross Cost at Which Carried at Close of Period, Total	39,468			39,468
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (3,208)			(3,208)
Year of Construction	1,999
Date Acquired	2013-05
Glendale [Member] | Colorado [Member] | Hampton Inn & Suites [Member]
Investment in real estate:
Real estate gross, carrying value	$ 23,287
Encumbrances				14,050
Accumulated depreciation:
Real estate accumulated depreciation	2,269
Initial Cost to Company, Land				3,480
Initial Cost to Company, Building and Improvements				17,090
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				2,717
Gross Cost at Which Carried at Close of Period, Land				3,490
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				19,797
Gross Cost at Which Carried at Close of Period, Total	23,287			23,287
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (2,269)			(2,269)
Year of Construction	1,999
Date Acquired	2013-05
Lakewood [Member] | Colorado [Member] | Hampton Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 16,100
Encumbrances				12,339
Accumulated depreciation:
Real estate accumulated depreciation	1,742
Initial Cost to Company, Land				2,520
Initial Cost to Company, Building and Improvements				12,590
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				990
Gross Cost at Which Carried at Close of Period, Land				2,543
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				13,557
Gross Cost at Which Carried at Close of Period, Total	16,100			16,100
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,742)			(1,742)
Year of Construction	2,003
Date Acquired	2013-05
Farmington [Member] | Connecticut [Member] | Courtyard [Member]
Investment in real estate:
Real estate gross, carrying value	$ 19,698
Encumbrances				13,123
Accumulated depreciation:
Real estate accumulated depreciation	2,178
Initial Cost to Company, Land				2,600
Initial Cost to Company, Building and Improvements				15,030
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				2,068
Gross Cost at Which Carried at Close of Period, Land				2,610
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				17,088
Gross Cost at Which Carried at Close of Period, Total	19,698			19,698
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (2,178)			(2,178)
Year of Construction	2,005
Date Acquired	2013-05
Rocky Hill [Member] | Connecticut [Member] | Residence Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 17,942
Encumbrances				11,197
Accumulated depreciation:
Real estate accumulated depreciation	1,953
Initial Cost to Company, Land				1,640
Initial Cost to Company, Building and Improvements				14,700
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,602
Gross Cost at Which Carried at Close of Period, Land				1,675
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				16,267
Gross Cost at Which Carried at Close of Period, Total	17,942			17,942
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,953)			(1,953)
Year of Construction	2,005
Date Acquired	2013-05
Wallingford [Member] | Connecticut [Member] | Homewood Suites [Member]
Investment in real estate:
Real estate gross, carrying value	$ 14,640
Encumbrances				10,770
Accumulated depreciation:
Real estate accumulated depreciation	1,548
Initial Cost to Company, Land				1,250
Initial Cost to Company, Building and Improvements				12,530
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				860
Gross Cost at Which Carried at Close of Period, Land				1,267
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				13,373
Gross Cost at Which Carried at Close of Period, Total	14,640			14,640
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,548)			(1,548)
Year of Construction	2,005
Date Acquired	2013-05
Lake Mary [Member] | Florida [Member] | Courtyard [Member]
Investment in real estate:
Real estate gross, carrying value	$ 8,262
Encumbrances				5,420
Accumulated depreciation:
Real estate accumulated depreciation	773
Initial Cost to Company, Land				1,190
Initial Cost to Company, Building and Improvements				5,570
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,502
Gross Cost at Which Carried at Close of Period, Land				1,201
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				7,061
Gross Cost at Which Carried at Close of Period, Total	8,262			8,262
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (773)			(773)
Year of Construction	1,995
Date Acquired	2013-05
Lakeland [Member] | Florida [Member] | Residence Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 12,309
Encumbrances				10,841
Accumulated depreciation:
Real estate accumulated depreciation	1,463
Initial Cost to Company, Land				630
Initial Cost to Company, Building and Improvements				9,740
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,939
Gross Cost at Which Carried at Close of Period, Land				646
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				11,663
Gross Cost at Which Carried at Close of Period, Total	12,309			12,309
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,463)			(1,463)
Year of Construction	2,001
Date Acquired	2013-05
Panama City [Member] | Florida [Member] | Courtyard [Member]
Investment in real estate:
Real estate gross, carrying value	$ 9,173
Encumbrances				9,414
Accumulated depreciation:
Real estate accumulated depreciation	1,258
Initial Cost to Company, Land				560
Initial Cost to Company, Building and Improvements				7,310
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,303
Gross Cost at Which Carried at Close of Period, Land				562
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				8,611
Gross Cost at Which Carried at Close of Period, Total	9,173			9,173
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,258)			(1,258)
Year of Construction	2,006
Date Acquired	2013-05
Pensacola [Member] | Florida [Member] | Courtyard [Member]
Investment in real estate:
Real estate gross, carrying value	$ 9,766
Encumbrances				7,774
Accumulated depreciation:
Real estate accumulated depreciation	1,282
Initial Cost to Company, Land				610
Initial Cost to Company, Building and Improvements				8,740
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				416
Gross Cost at Which Carried at Close of Period, Land				643
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				9,123
Gross Cost at Which Carried at Close of Period, Total	9,766			9,766
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,282)			(1,282)
Year of Construction	1,997
Date Acquired	2013-05
Pensacola [Member] | Florida [Member] | Hampton Inn & Suites [Member]
Investment in real estate:
Real estate gross, carrying value	$ 8,553
Encumbrances				8,273
Accumulated depreciation:
Real estate accumulated depreciation	965
Initial Cost to Company, Land				540
Initial Cost to Company, Building and Improvements				6,540
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,473
Gross Cost at Which Carried at Close of Period, Land				543
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				8,010
Gross Cost at Which Carried at Close of Period, Total	8,553			8,553
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (965)			(965)
Year of Construction	2,005
Date Acquired	2013-05
Pensacola [Member] | Florida [Member] | Fairfield Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 5,933
Encumbrances				3,423
Accumulated depreciation:
Real estate accumulated depreciation	582
Initial Cost to Company, Land				530
Initial Cost to Company, Building and Improvements				4,060
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,343
Gross Cost at Which Carried at Close of Period, Land				531
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				5,402
Gross Cost at Which Carried at Close of Period, Total	5,933			5,933
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (582)			(582)
Year of Construction	1,995
Date Acquired	2013-05
Tallahassee [Member] | Florida [Member] | Hilton Garden Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 13,555
Encumbrances				10,556
Accumulated depreciation:
Real estate accumulated depreciation	1,307
Initial Cost to Company, Land				2,270
Initial Cost to Company, Building and Improvements				9,780
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,505
Gross Cost at Which Carried at Close of Period, Land				2,274
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				11,281
Gross Cost at Which Carried at Close of Period, Total	13,555			13,555
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,307)			(1,307)
Year of Construction	1,997
Date Acquired	2013-05
Columbus [Member] | Georgia [Member] | Residence Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 10,303
Encumbrances				6,419
Accumulated depreciation:
Real estate accumulated depreciation	1,384
Initial Cost to Company, Land				1,190
Initial Cost to Company, Building and Improvements				7,600
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,513
Gross Cost at Which Carried at Close of Period, Land				1,195
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				9,108
Gross Cost at Which Carried at Close of Period, Total	10,303			10,303
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,384)			(1,384)
Year of Construction	2,003
Date Acquired	2013-05
Valdosta [Member] | Georgia [Member] | Courtyard [Member]
Investment in real estate:
Real estate gross, carrying value	$ 9,212
Encumbrances				5,135
Accumulated depreciation:
Real estate accumulated depreciation	1,117
Initial Cost to Company, Land				1,160
Initial Cost to Company, Building and Improvements				7,690
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				362
Gross Cost at Which Carried at Close of Period, Land				1,180
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				8,032
Gross Cost at Which Carried at Close of Period, Total	9,212			9,212
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,117)			(1,117)
Year of Construction	2,002
Date Acquired	2013-05
Mt Olive [Member] | New Jersey [Member] | Residence Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 19,530
Encumbrances				12,695
Accumulated depreciation:
Real estate accumulated depreciation	2,060
Initial Cost to Company, Land				2,930
Initial Cost to Company, Building and Improvements				14,860
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,740
Gross Cost at Which Carried at Close of Period, Land				2,933
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				16,597
Gross Cost at Which Carried at Close of Period, Total	19,530			19,530
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (2,060)			(2,060)
Year of Construction	2,005
Date Acquired	2013-05
Somerset [Member] | New Jersey [Member] | Homewood Suites [Member]
Investment in real estate:
Real estate gross, carrying value	$ 13,631
Encumbrances				11,411
Accumulated depreciation:
Real estate accumulated depreciation	1,312
Initial Cost to Company, Land				3,120
Initial Cost to Company, Building and Improvements				8,830
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,681
Gross Cost at Which Carried at Close of Period, Land				3,124
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				10,507
Gross Cost at Which Carried at Close of Period, Total	13,631			13,631
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,312)			(1,312)
Year of Construction	2,005
Date Acquired	2013-05
Saratoga Springs [Member] | New York [Member] | Hilton Garden Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 19,845
Encumbrances				19,328
Accumulated depreciation:
Real estate accumulated depreciation	2,058
Initial Cost to Company, Land				960
Initial Cost to Company, Building and Improvements				17,020
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,865
Gross Cost at Which Carried at Close of Period, Land				960
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				18,885
Gross Cost at Which Carried at Close of Period, Total	19,845			19,845
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (2,058)			(2,058)
Year of Construction	1,999
Date Acquired	2013-05
Roanoke Rapids [Member] | North Carolina [Member] | Hilton Garden Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 6,003
Encumbrances				7,346
Accumulated depreciation:
Real estate accumulated depreciation	529
Initial Cost to Company, Land				1,740
Initial Cost to Company, Building and Improvements				3,870
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				393
Gross Cost at Which Carried at Close of Period, Land				1,744
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				4,259
Gross Cost at Which Carried at Close of Period, Total	6,003			6,003
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (529)			(529)
Year of Construction	2,008
Date Acquired	2013-05
Hillsboro [Member] | Oregon [Member] | Courtyard [Member]
Investment in real estate:
Real estate gross, carrying value	$ 15,434
Encumbrances				24,321
Accumulated depreciation:
Real estate accumulated depreciation	1,811
Initial Cost to Company, Land				3,240
Initial Cost to Company, Building and Improvements				11,280
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				914
Gross Cost at Which Carried at Close of Period, Land				3,260
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				12,174
Gross Cost at Which Carried at Close of Period, Total	15,434			15,434
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,811)			(1,811)
Year of Construction	1,996
Date Acquired	2013-05
Hillsboro [Member] | Oregon [Member] | Residence Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 24,054
Encumbrances				26,389
Accumulated depreciation:
Real estate accumulated depreciation	2,511
Initial Cost to Company, Land				3,790
Initial Cost to Company, Building and Improvements				16,540
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				3,724
Gross Cost at Which Carried at Close of Period, Land				3,805
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				20,249
Gross Cost at Which Carried at Close of Period, Total	24,054			24,054
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (2,511)			(2,511)
Year of Construction	1,994
Date Acquired	2013-05
Hillsboro [Member] | Oregon [Member] | TownePlace Suites [Member]
Investment in real estate:
Real estate gross, carrying value	$ 16,679
Encumbrances				20,113
Accumulated depreciation:
Real estate accumulated depreciation	1,763
Initial Cost to Company, Land				3,200
Initial Cost to Company, Building and Improvements				11,070
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				2,409
Gross Cost at Which Carried at Close of Period, Land				3,232
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				13,447
Gross Cost at Which Carried at Close of Period, Total	16,679			16,679
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,763)			(1,763)
Year of Construction	1,999
Date Acquired	2013-05
Portland [Member] | Oregon [Member] | Residence Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 72,513
Encumbrances				50,995
Accumulated depreciation:
Real estate accumulated depreciation	6,632
Initial Cost to Company, Land				8,430
Initial Cost to Company, Building and Improvements				59,480
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				4,603
Gross Cost at Which Carried at Close of Period, Land				8,446
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				64,067
Gross Cost at Which Carried at Close of Period, Total	72,513			72,513
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (6,632)			(6,632)
Year of Construction	2,001
Date Acquired	2013-05
Pittsburgh [Member] | Pennsylvania [Member] | Residence Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 27,745
Encumbrances				17,402
Accumulated depreciation:
Real estate accumulated depreciation	2,661
Initial Cost to Company, Land				3,550
Initial Cost to Company, Building and Improvements				19,730
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				4,465
Gross Cost at Which Carried at Close of Period, Land				3,559
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				24,186
Gross Cost at Which Carried at Close of Period, Total	27,745			27,745
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (2,661)			(2,661)
Year of Construction	1,998
Date Acquired	2013-05
Myrtle Beach [Member] | South Carolina [Member] | Courtyard [Member]
Investment in real estate:
Real estate gross, carrying value	$ 13,587
Encumbrances				9,058
Accumulated depreciation:
Real estate accumulated depreciation	1,876
Initial Cost to Company, Land				1,240
Initial Cost to Company, Building and Improvements				9,570
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				2,777
Gross Cost at Which Carried at Close of Period, Land				1,300
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				12,287
Gross Cost at Which Carried at Close of Period, Total	13,587			13,587
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,876)			(1,876)
Year of Construction	1,999
Date Acquired	2013-05
Nashville [Member] | Tennessee [Member] | Homewood Suites [Member]
Investment in real estate:
Real estate gross, carrying value	$ 12,614
Encumbrances				15,263
Accumulated depreciation:
Real estate accumulated depreciation	1,515
Initial Cost to Company, Land				1,010
Initial Cost to Company, Building and Improvements				10,670
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				934
Gross Cost at Which Carried at Close of Period, Land				1,044
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				11,570
Gross Cost at Which Carried at Close of Period, Total	12,614			12,614
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,515)			(1,515)
Year of Construction	1,999
Date Acquired	2013-05
Dallas [Member] | Texas [Member] | SpringHill Suites - Savannah, Georgia [Member]
Investment in real estate:
Real estate gross, carrying value	$ 16,976
Encumbrances				15,619
Accumulated depreciation:
Real estate accumulated depreciation	1,831
Initial Cost to Company, Land				1,200
Initial Cost to Company, Building and Improvements				14,660
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,116
Gross Cost at Which Carried at Close of Period, Land				1,206
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				15,770
Gross Cost at Which Carried at Close of Period, Total	16,976			16,976
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,831)			(1,831)
Year of Construction	1,997
Date Acquired	2013-05
Fort Worth [Member] | Texas [Member] | Residence Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 23,095
Encumbrances				16,592
Accumulated depreciation:
Real estate accumulated depreciation	2,163
Initial Cost to Company, Land				3,850
Initial Cost to Company, Building and Improvements				16,740
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				2,505
Gross Cost at Which Carried at Close of Period, Land				3,850
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				19,245
Gross Cost at Which Carried at Close of Period, Total	23,095			23,095
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (2,163)			(2,163)
Year of Construction	2,005
Date Acquired	2013-05
Fort Worth [Member] | Texas [Member] | Homewood Suites [Member]
Investment in real estate:
Real estate gross, carrying value	$ 19,668
Encumbrances				10,627
Accumulated depreciation:
Real estate accumulated depreciation	646
Initial Cost to Company, Land				1,250
Initial Cost to Company, Building and Improvements				12,180
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				6,238
Gross Cost at Which Carried at Close of Period, Land				1,257
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				18,411
Gross Cost at Which Carried at Close of Period, Total	19,668			19,668
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (646)			(646)
Year of Construction	1,999
Date Acquired	2013-05
Fort Worth [Member] | Texas [Member] | SpringHill Suites - Savannah, Georgia [Member]
Investment in real estate:
Real estate gross, carrying value	$ 16,237
Encumbrances				10,199
Accumulated depreciation:
Real estate accumulated depreciation	1,738
Initial Cost to Company, Land				1,780
Initial Cost to Company, Building and Improvements				13,820
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				637
Gross Cost at Which Carried at Close of Period, Land				1,795
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				14,442
Gross Cost at Which Carried at Close of Period, Total	16,237			16,237
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,738)			(1,738)
Year of Construction	2,004
Date Acquired	2013-05
Laredo [Member] | Texas [Member] | Residence Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 12,053
Encumbrances				10,912
Accumulated depreciation:
Real estate accumulated depreciation	1,752
Initial Cost to Company, Land				670
Initial Cost to Company, Building and Improvements				9,170
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				2,213
Gross Cost at Which Carried at Close of Period, Land				670
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				11,383
Gross Cost at Which Carried at Close of Period, Total	12,053			12,053
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,752)			(1,752)
Year of Construction	2,005
Date Acquired	2013-05
Laredo [Member] | Texas [Member] | Homewood Suites [Member]
Investment in real estate:
Real estate gross, carrying value	$ 13,059
Encumbrances				10,270
Accumulated depreciation:
Real estate accumulated depreciation	1,551
Initial Cost to Company, Land				1,030
Initial Cost to Company, Building and Improvements				10,200
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,829
Gross Cost at Which Carried at Close of Period, Land				1,030
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				12,029
Gross Cost at Which Carried at Close of Period, Total	13,059			13,059
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,551)			(1,551)
Year of Construction	2,005
Date Acquired	2013-05
McAllen [Member] | Texas [Member] | Hilton Garden Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 10,868
Encumbrances				8,273
Accumulated depreciation:
Real estate accumulated depreciation	684
Initial Cost to Company, Land				1,510
Initial Cost to Company, Building and Improvements				7,490
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,868
Gross Cost at Which Carried at Close of Period, Land				1,518
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				9,350
Gross Cost at Which Carried at Close of Period, Total	10,868			10,868
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (684)			(684)
Year of Construction	2,000
Date Acquired	2013-05
Kent [Member] | Washington [Member] | TownePlace Suites [Member]
Investment in real estate:
Real estate gross, carrying value	$ 17,403
Encumbrances				14,906
Accumulated depreciation:
Real estate accumulated depreciation	1,820
Initial Cost to Company, Land				2,180
Initial Cost to Company, Building and Improvements				13,140
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				2,083
Gross Cost at Which Carried at Close of Period, Land				2,218
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				15,185
Gross Cost at Which Carried at Close of Period, Total	17,403			17,403
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,820)			(1,820)
Year of Construction	1,999
Date Acquired	2013-05
Mukilteo [Member] | Washington [Member] | TownePlace Suites [Member]
Investment in real estate:
Real estate gross, carrying value	$ 16,726
Encumbrances				13,052
Accumulated depreciation:
Real estate accumulated depreciation	1,680
Initial Cost to Company, Land				3,020
Initial Cost to Company, Building and Improvements				11,920
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				1,786
Gross Cost at Which Carried at Close of Period, Land				3,042
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				13,684
Gross Cost at Which Carried at Close of Period, Total	16,726			16,726
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (1,680)			(1,680)
Year of Construction	1,999
Date Acquired	2013-05
Redmond [Member] | Washington [Member] | Marriott [Member]
Investment in real estate:
Real estate gross, carrying value	$ 70,969
Encumbrances				50,068
Accumulated depreciation:
Real estate accumulated depreciation	5,357
Initial Cost to Company, Land				19,260
Initial Cost to Company, Building and Improvements				46,340
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				5,369
Gross Cost at Which Carried at Close of Period, Land				19,266
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				51,703
Gross Cost at Which Carried at Close of Period, Total	70,969			70,969
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (5,357)			(5,357)
Year of Construction	2,004
Date Acquired	2013-05
Renton [Member] | Washington [Member] | Hilton Garden Inn [Member]
Investment in real estate:
Real estate gross, carrying value	$ 24,040
Encumbrances				16,832
Accumulated depreciation:
Real estate accumulated depreciation	2,318
Initial Cost to Company, Land				2,010
Initial Cost to Company, Building and Improvements				19,190
Costs Capitalized Subsequent to Acquisition, Land, Building and Improvements				2,840
Gross Cost at Which Carried at Close of Period, Land				2,035
Gross Cost at Which Carried at Close of Period, Bldg/FF&E/Other				22,005
Gross Cost at Which Carried at Close of Period, Total	24,040			24,040
Gross Cost at Which Carried at Close of Period, Acc Depreciation	$ (2,318)			$ (2,318)
Year of Construction	1,998
Date Acquired	2013-05
Minimum [Member] | Dothan [Member] | Alabama [Member] | Courtyard [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Dothan [Member] | Alabama [Member] | Hampton Inn & Suites [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Huntsville [Member] | Alabama [Member] | Residence Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Tuscaloosa [Member] | Alabama [Member] | Courtyard [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Tuscaloosa [Member] | Alabama [Member] | Fairfield Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Anchorage [Member] | Alaska [Member] | Hampton Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Anchorage [Member] | Alaska [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Anchorage [Member] | Alaska [Member] | Homewood Suites [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Phoenix [Member] | Arizona [Member] | Hampton Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Arcadia [Member] | California [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Arcadia [Member] | California [Member] | SpringHill Suites - Savannah, Georgia [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Bakersfield [Member] | California [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Folsom [Member] | California [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Foothill Ranch [Member] | California [Member] | Hampton Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Lake Forest [Member] | California [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Milpitas [Member] | California [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Roseville [Member] | California [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | San Francisco [Member] | California [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Glendale [Member] | Colorado [Member] | Hampton Inn & Suites [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Lakewood [Member] | Colorado [Member] | Hampton Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Farmington [Member] | Connecticut [Member] | Courtyard [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Rocky Hill [Member] | Connecticut [Member] | Residence Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Wallingford [Member] | Connecticut [Member] | Homewood Suites [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Lake Mary [Member] | Florida [Member] | Courtyard [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Lakeland [Member] | Florida [Member] | Residence Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Panama City [Member] | Florida [Member] | Courtyard [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Pensacola [Member] | Florida [Member] | Courtyard [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Pensacola [Member] | Florida [Member] | Hampton Inn & Suites [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Pensacola [Member] | Florida [Member] | Fairfield Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Tallahassee [Member] | Florida [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Columbus [Member] | Georgia [Member] | Residence Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Valdosta [Member] | Georgia [Member] | Courtyard [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Mt Olive [Member] | New Jersey [Member] | Residence Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Somerset [Member] | New Jersey [Member] | Homewood Suites [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Saratoga Springs [Member] | New York [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Roanoke Rapids [Member] | North Carolina [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Hillsboro [Member] | Oregon [Member] | Courtyard [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Hillsboro [Member] | Oregon [Member] | Residence Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Hillsboro [Member] | Oregon [Member] | TownePlace Suites [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Portland [Member] | Oregon [Member] | Residence Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Pittsburgh [Member] | Pennsylvania [Member] | Residence Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Myrtle Beach [Member] | South Carolina [Member] | Courtyard [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Nashville [Member] | Tennessee [Member] | Homewood Suites [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Dallas [Member] | Texas [Member] | SpringHill Suites - Savannah, Georgia [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Fort Worth [Member] | Texas [Member] | Residence Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Fort Worth [Member] | Texas [Member] | Homewood Suites [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Fort Worth [Member] | Texas [Member] | SpringHill Suites - Savannah, Georgia [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Laredo [Member] | Texas [Member] | Residence Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Laredo [Member] | Texas [Member] | Homewood Suites [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | McAllen [Member] | Texas [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Kent [Member] | Washington [Member] | TownePlace Suites [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Mukilteo [Member] | Washington [Member] | TownePlace Suites [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Redmond [Member] | Washington [Member] | Marriott [Member]
Accumulated depreciation:
Depreciable Life	3 years
Minimum [Member] | Renton [Member] | Washington [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	3 years
Maximum [Member] | Dothan [Member] | Alabama [Member] | Courtyard [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Dothan [Member] | Alabama [Member] | Hampton Inn & Suites [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Huntsville [Member] | Alabama [Member] | Residence Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Tuscaloosa [Member] | Alabama [Member] | Courtyard [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Tuscaloosa [Member] | Alabama [Member] | Fairfield Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Anchorage [Member] | Alaska [Member] | Hampton Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Anchorage [Member] | Alaska [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Anchorage [Member] | Alaska [Member] | Homewood Suites [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Phoenix [Member] | Arizona [Member] | Hampton Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Arcadia [Member] | California [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Arcadia [Member] | California [Member] | SpringHill Suites - Savannah, Georgia [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Bakersfield [Member] | California [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Folsom [Member] | California [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Foothill Ranch [Member] | California [Member] | Hampton Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Lake Forest [Member] | California [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Milpitas [Member] | California [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Roseville [Member] | California [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | San Francisco [Member] | California [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Glendale [Member] | Colorado [Member] | Hampton Inn & Suites [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Lakewood [Member] | Colorado [Member] | Hampton Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Farmington [Member] | Connecticut [Member] | Courtyard [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Rocky Hill [Member] | Connecticut [Member] | Residence Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Wallingford [Member] | Connecticut [Member] | Homewood Suites [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Lake Mary [Member] | Florida [Member] | Courtyard [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Lakeland [Member] | Florida [Member] | Residence Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Panama City [Member] | Florida [Member] | Courtyard [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Pensacola [Member] | Florida [Member] | Courtyard [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Pensacola [Member] | Florida [Member] | Hampton Inn & Suites [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Pensacola [Member] | Florida [Member] | Fairfield Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Tallahassee [Member] | Florida [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Columbus [Member] | Georgia [Member] | Residence Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Valdosta [Member] | Georgia [Member] | Courtyard [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Mt Olive [Member] | New Jersey [Member] | Residence Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Somerset [Member] | New Jersey [Member] | Homewood Suites [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Saratoga Springs [Member] | New York [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Roanoke Rapids [Member] | North Carolina [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Hillsboro [Member] | Oregon [Member] | Courtyard [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Hillsboro [Member] | Oregon [Member] | Residence Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Hillsboro [Member] | Oregon [Member] | TownePlace Suites [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Portland [Member] | Oregon [Member] | Residence Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Pittsburgh [Member] | Pennsylvania [Member] | Residence Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Myrtle Beach [Member] | South Carolina [Member] | Courtyard [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Nashville [Member] | Tennessee [Member] | Homewood Suites [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Dallas [Member] | Texas [Member] | SpringHill Suites - Savannah, Georgia [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Fort Worth [Member] | Texas [Member] | Residence Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Fort Worth [Member] | Texas [Member] | Homewood Suites [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Fort Worth [Member] | Texas [Member] | SpringHill Suites - Savannah, Georgia [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Laredo [Member] | Texas [Member] | Residence Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Laredo [Member] | Texas [Member] | Homewood Suites [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | McAllen [Member] | Texas [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Kent [Member] | Washington [Member] | TownePlace Suites [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Mukilteo [Member] | Washington [Member] | TownePlace Suites [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Redmond [Member] | Washington [Member] | Marriott [Member]
Accumulated depreciation:
Depreciable Life	39 years
Maximum [Member] | Renton [Member] | Washington [Member] | Hilton Garden Inn [Member]
Accumulated depreciation:
Depreciable Life	39 years