Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2019

The lease revenue recognized during the year ended December 31, 2019 consisted of the following:



	For the year ended December 31, 2019
Lease revenue relating to lease payments	$	56,796
Lease revenue relating to variable lease payments	139,899
Total related party lease revenue	$	196,695

The Company's ground leases consisted of the following (in millions):



			Ground Lease Expense
			Successor						Predecessor
			For the year ended December 31,				September 1 through December 31,		January 1 through August 31,
Hotel Property Name	Initial Term Expiration	Extension Term(s) Expiration	2019		2018		2017		2017
Holiday Inn San Francisco Fisherman's Wharf (1)(2)	2018	—	$	—	$	4.6	$	1.6	$	3.8
Wyndham Boston Beacon Hill	2028	—	0.9		0.9		0.3		0.4
Wyndham San Diego Bayside	2029	—	4.8		4.8		1.5		2.1
DoubleTree Suites by Hilton Orlando Lake Buena Vista	2032	2057	0.9		0.8		0.2		0.6
Wyndham Pittsburgh University Center	2038	2083	0.7		0.8		0.1		0.3
DoubleTree by Hilton Burlington Vermont (3)	2051	—	—		—		0.1		0.1
Embassy Suites San Francisco Airport Waterfront	2059	—	2.4		2.3		0.7		1.0
Wyndham New Orleans French Quarter	2065	—	0.5		0.5		0.1		0.4
The Vinoy Renaissance St. Petersburg Resort & Golf Club (4)	2090	—	—		1.9		1.0		1.2
			$	10.2	$	16.6	$	5.6	$	9.9

(1) This hotel property was sold on October 15, 2018.

(2) This lease covered only a portion of the hotel property site.

(3) This hotel property was sold on September 27, 2018.

(4) This hotel property was sold on August 28, 2018.

The future lease payments for the Company's operating leases are as follows (in thousands):

The following table presents certain information related to the Company's operating leases as of December 31, 2019:



Weighted average remaining lease term	32 years
Weighted average discount rate (1)	6.85	%


(1)	Upon adoption of the new lease accounting standard, the discount rates used for the Company's operating leases were determined at January 1, 2019.

Rangers Sub I, LLC 10-K