Disposal	9 Months Ended
Sep. 30, 2020
Disposal Group
Disposal	4. Disposal The Company sold the Renaissance Harborplace in July 2020, for net proceeds of $76.9 million, and recorded a net gain of $0.2 million on the sale. The sale did not represent a strategic shift that had a major impact on the Company’s business plan or its primary markets; therefore, the hotel did not qualify as a discontinued operation. During the second quarter of 2020, the Company wrote down the hotel’s assets and recorded an impairment loss of $18.1 million (see Note 5).

The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-URI http://asc.fasb.org/subtopic&trid=2122178

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