Disposals and Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2015

Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Doubletree Guest Suites Times Square and BuyEfficient

Disposals

Schedule of operating results for sold entities

The following table provides summary results of operations for BuyEfficient and the Doubletree Guest Suites Times Square, which are included in continuing operations (in thousands):

	2015		2014		2013
Total revenues	$	70,301	$	76,283	$	75,767
Income before income taxes and discontinued operations (1)	$	2,622	$	7,627	$	5,306
Gain on sale of assets	$	226,217	$	—	$	—

(1) Income before income taxes and discontinued operations for the year ended December 31, 2015 includes $1.6 million in severance costs related to the Company’s sale of BuyEfficient. These costs are included in property, general and administrative expense on the Company’s statement of operations. Income before income taxes and discontinued operations does not include the gain recognized on the sales of BuyEfficient and the Doubletree Guest Suites Times Square.

Discontinued Operations, Disposed of by Sale [Member] | Rochester Portfolio

Disposals

Schedule of operating results for sold entities

The following table sets forth the discontinued operations for the years ended December 31, 2015, 2014 and 2013 for the Rochester Portfolio sold in 2013, as well as the expense recognized in 2014 for the hotels sold in 2004, 2005, 2010 and 2013 (in thousands):

	2015		2014		2013
Operating revenues	$	—	$	—	$	3,690
Operating expenses		—		(350)		(3,686)
Interest expense		—		—		(99)
Loss on extinguishment of debt		—		—		(3,115)
Income tax provision		(105)		—		—
Gain on sale of hotels and other assets, net		16,000		5,199		51,620
Income from discontinued operations, net of tax	$	15,895	$	4,849	$	48,410

Schedule of activity in accumulated other comprehensive loss

The following table details the activity in accumulated other comprehensive loss in January 2013 due to the sale of the Rochester Portfolio (in thousands):

	One Month Ended		Affected Line in the Company’s Statements of
	January 31, 2013		Operations and Comprehensive Income
Beginning balance of accumulated other comprehensive loss	$	(5,335)
Sale of Rochester Portfolio — pension liability adjustment		5,335	Income from discontinued operations
Ending balance of accumulated other comprehensive loss	$	—