Disposals and Discontinued Operations (Tables) - Sold, not considered a discontinued operation

12 Months Ended

Dec. 31, 2019

Schedule of operating results for sold entities

The following table provides summary results of operations for the hotels sold in 2019, 2018 and 2017, which are included in continuing operations for their respective ownership periods (in thousands):

	2019		2018		2017
Total revenues	$	10,422	$	79,627	$	168,375
Income before income taxes and discontinued operations (1)	$	2,044	$	11,190	$	19,811
Gain on sale of assets	$	42,935	$	116,961	$	45,474

(1) Income before income taxes and discontinued operations does not include the gain recognized on the hotel sales.

2018 Disposals

Schedule of proceeds and gain on sale of hotels

The details of the sales were as follows (in thousands):

	Net Proceeds		Net Gain
Marriott Philadelphia and Marriott Quincy	$	136,983	$	15,659
Hyatt Regency Newport Beach		94,043		53,128
Houston hotels		32,421		336
Marriott Tysons Corner		84,526		47,838
	$	347,973	$	116,961

2017 Disposals

Schedule of proceeds and gain on sale of hotels

The details of the sales were as follows (in thousands):

	Net Proceeds		Net Gain
Fairmont Newport Beach	$	122,832	$	44,285
Marriott Park City		27,026		1,189
	$	149,858	$	45,474