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

12 Months Ended

Dec. 31, 2023

Schedule of operating results for sold entities

The following table provides summary results of operations for the disposed hotels, which are included in net income for their respective ownership periods (in thousands):

	2023		2022		2021
Total revenues	$	96,713	$	97,915	$	87,905
Income (loss) before income taxes (1)	$	19,231	$	3,801	$	(44,686)
Gain on sale of assets	$	123,820	$	22,946	$	152,524

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

Disposals - 2022 [Member]

Schedule of proceeds and gain on sale of hotels

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

	Net Proceeds			Net Gain
Hyatt Centric Chicago Magnificent Mile	$	67,231	(1)	$	11,336
Embassy Suites Chicago and Hilton Garden Inn Chicago Downtown/Magnificent Mile		128,060			11,610
	$	195,291		$	22,946

(1) Includes a $4.0 million disposition deposit received from the buyer of the hotel in December 2021.

Disposals - 2021 [Member]

Schedule of proceeds and gain on sale of hotels

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

	Net Proceeds			Net Gain
Renaissance Westchester	$	17,054		$	3,733
Embassy Suites La Jolla		166,499	(1)		148,791
	$	183,553		$	152,524

(1) Net proceeds exclude a $56.6 million mortgage assumed by the buyer of the Embassy Suites La Jolla (see Note 7).