What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2021-03-01 compared with 2020-03-02 · 63 added, 17 removed, 35 unchanged (70% of the section changed)

1 unchanged sentence

The following tables summarize certain information about our properties as of December 31, 2020 (dollars in thousands).

All Properties

Undepreciated Carrying Value

Depreciated Carrying Value

Undepreciated Carrying Value

Depreciated Carrying Value

Total Number of Properties

Total Undepreciated Carrying Value

Total Depreciated Carrying Value

Hotels Net Lease All Properties

Properties Undepreciated Carrying Value Depreciated Carrying Value Number of

Properties Undepreciated Carrying Value Depreciated Carrying Value Total Number of Properties Total Undepreciated Carrying Value Total Depreciated Carrying Value

United States:

Alabama — $ — $ — 1 $ 3,716 $ 3,307 1 $ 3,716 $ 3,307

Alaska 6 50,060 33,617 32 128,850 92,968 38 178,910 126,585

Arizona — — — 18 117,022 69,182 18 117,022 69,182

Arkansas 15 214,740 133,921 25 224,885 156,437 40 439,625 290,358

California 36 1,004,585 691,544 22 234,316 190,773 58 1,238,901 882,317

Colorado 5 144,210 105,363 8 98,346 80,116 14 242,556 185,479

Connecticut — — — 3 33,203 12,962 3 33,203 12,962

Delaware 2 32,394 22,326 — — — 2 32,394 22,326

Florida 13 281,258 180,625 48 221,303 169,787 62 502,561 350,412

Georgia 21 460,052 325,394 74 240,927 189,991 95 700,979 515,385

Hawaii 1 92,142 47,119 — — — 1 92,142 47,119

Idaho 2 17,688 8,681 15 34,028 28,352 17 51,716 37,033

Illinois — — — 2 20,216 14,707 2 20,216 14,707

Indiana 13 425,429 327,110 59 252,515 206,572 73 677,944 533,682

Iowa 3 34,216 16,974 43 202,073 164,965 46 236,289 181,939

Kansas 4 31,009 17,276 6 38,818 33,931 10 69,827 51,207

Kentucky — — — 14 68,696 45,893 15 68,696 45,893

Louisiana 3 243,053 185,582 12 124,473 76,751 15 367,526 262,333

Maryland 13 300,166 201,869 — — — 13 300,166 201,869

Massachusetts 7 148,678 93,911 9 67,195 42,574 17 215,873 136,485

Michigan 10 87,942 57,777 53 106,598 87,714 63 194,540 145,491

Minnesota 5 128,558 102,675 12 70,717 66,652 17 199,275 169,327

Mississippi 7 183,217 144,507 26 110,087 81,754 33 293,304 226,261

Missouri — — — 5 29,478 18,154 5 29,478 18,154

Nebraska 11 158,243 113,734 17 68,234 51,755 30 226,477 165,489

Nevada 1 8,486 6,154 5 45,014 18,448 6 53,500 24,602

New Hampshire — — — 1 3,476 3,275 1 3,476 3,275

New Jersey 15 272,265 183,061 3 95,908 59,502 18 368,173 242,563

New Mexico 2 27,036 13,725 16 129,052 75,307 18 156,088 89,032

New York — — — 1 6,172 3,903 1 6,172 3,903

North Carolina 3 53,978 32,959 6 160,532 112,987 9 214,510 145,946

North Dakota 5 90,785 66,339 9 49,941 35,272 14 140,726 101,611

Ohio 10 174,564 137,799 41 281,602 204,529 52 456,166 342,328

Oklahoma 3 27,523 20,737 13 70,109 60,819 16 97,632 81,556

Oregon 1 117,341 99,352 7 78,915 66,892 8 196,256 166,244

Pennsylvania 10 168,053 112,055 29 186,212 128,205 40 354,265 240,260

Rhode Island 2 29,595 19,948 — — — 2 29,595 19,948

South Carolina 3 61,656 41,665 17 100,457 76,933 20 162,113 118,598

Tennessee 9 165,330 93,752 40 121,133 88,447 51 286,463 182,199

Texas 35 477,422 281,986 59 485,607 320,007 94 963,029 601,993

Utah 2 65,931 34,149 3 20,221 9,965 5 86,152 44,114

Vermont 11 135,197 83,744 18 83,546 62,713 29 218,743 146,457

Virginia 1 14,645 11,225 — — — 1 14,645 11,225

Washington 8 211,638 159,198 4 24,187 19,232 12 235,825 178,430

West Virginia 2 45,347 37,000 5 14,425 9,982 7 59,772 46,982

Wisconsin 1 10,248 5,615 5 14,887 12,183 6 25,135 17,798

Wyoming — — — 7 82,346 44,878 7 82,346 44,878

301 6,194,680 4,250,468 793 4,549,438 3,298,776 1,105 10,744,118 7,549,244

Washington, DC 1 144,178 138,411 — — — 1 144,178 138,411

Ontario, Canada 2 52,647 33,932 — — — 2 52,647 33,932

All Properties

Undepreciated Carrying Value

Depreciated Carrying Value

Undepreciated Carrying Value

Depreciated Carrying Value

Total Number of Properties

Total Undepreciated Carrying Value

Total Depreciated Carrying Value

Puerto Rico 1 221,329 160,575 — — — 1 221,329 160,575

4 418,154 332,918 — — — 4 418,154 332,918

Total 305 $ 6,612,834 $ 4,583,386 793 $ 4,549,438 $ 3,298,776 1,109 $ 11,162,272 $ 7,882,162

Hotels Net Lease All Properties

Properties Undepreciated Carrying Value Depreciated Carrying Value Number of

Properties Undepreciated Carrying Value Depreciated Carrying Value Total Number of Properties Total Undepreciated Carrying Value Total Depreciated Carrying Value

Held For Sale:

Massachusetts

Colorado — $ — $ — 1 $ 4,061 $ 1,232 1 $ 4,061 $ 1,232

Florida 1 4,445 2,708 — — — 1 4,445 2,708

Illinois — — — 1 218 218 1 218 218

Kentucky 1 3,138 1,763 — — — 1 3,138 1,763

Maryland — — — 1 692 284 1 692 284

North Carolina 2 7,443 4,332 — — — 2 7,443 4,332

Ohio 1 3,542 1,896 — — — 1 3,542 1,896

Pennsylvania — — — 1 1,107 382 1 1,107 382

Tennessee — — — 2 2,369 728 2 2,369 728

Total 5 $ 18,568 $ 10,699 6 $ 8,447 $ 2,844 11 $ 27,015 $ 13,543

At December 31, 2020, 14 of our hotels were on land we leased partially or entirely from unrelated third parties.

15 unchanged sentences

17 net lease (2)

Total $ 255,546

(1) Two of these hotels with a depreciated carrying value totaling $60,280 are partially on land we lease from unrelated third parties.

6 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties