Dispositions (Tables)

6 Months Ended

Jun. 30, 2019

Discontinued Operations and Disposal Groups [Abstract]

Disposal Group, Schedule of Property Disposed During Period [Table Text Block]

In February 2019, the Company terminated its purchase and sale agreement with an unrelated party for the sale of 16 of its hotels and entered into two purchase and sale agreements with the same unrelated party for the sale of a total of nine hotels for a total combined gross sales price of $95.0 million.  On March 28, 2019, the Company completed the sale of the hotels, resulting in a gain of approximately $1.7 million, which is included in the Company’s consolidated statement of operations for the six months ended June 30, 2019. The nine hotels had a total carrying value of approximately $92.9 million at the time of the sale. The following table lists the nine hotels sold:

City	State	Brand	Rooms
Sarasota	FL	Homewood Suites		100
Tampa	FL	TownePlace Suites		94
Baton Rouge	LA	SpringHill Suites		119
Holly Springs	NC	Hampton		124
Duncanville	TX	Hilton Garden Inn		142
Texarkana	TX	Courtyard		90
Texarkana	TX	TownePlace Suites		85
Bristol	VA	Courtyard		175
Harrisonburg	VA	Courtyard		125
Total				1,054