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Acquisition and Disposition of Hotel Properties
 6 Months Ended
Jun. 30, 2021
Business Combination and Asset Acquisition [Abstract]  
Acquisition and Disposition of Hotel Properties Acquisition and Disposition of Hotel PropertiesThere were no acquisitions of hotel properties during the three and six months ended June 30, 2021 and 2020.
The following table sets forth information regarding the Company's disposition transactions during the six months ended June 30, 2021 and 2020 (in thousands):
Hotel Property NameLocationSale DateSale Price
Sir Francis DrakeSan Francisco, CAApril 1, 2021$157,625 
The Roger New YorkNew York, NYJune 10, 202119,000 
2021 Total$176,625 
Sofitel Washington DC Lafayette Square and InterContinental Buckhead AtlantaWashington, DC / Buckhead, GAMarch 6, 2020$331,000 
2020 Total$331,000 
For the three and six months ended June 30, 2021, the Company recognized a gain on its dispositions of $64.6 million, which is included in (gain) loss on sale of hotel properties in the accompanying consolidated statements of operations and comprehensive income. For the three and six months ended June 30, 2020, the Company recognized a gain on its dispositions of zero and $117.4 million, respectively, which is included in (gain) loss on sale of hotel properties in the accompanying consolidated statements of operations and comprehensive income.
For the three and six months ended June 30, 2021 the accompanying consolidated statements of operations and comprehensive income included operating income (loss) of $0.2 million and $(1.3) million, respectively, related to the hotel properties sold. For the three and six months ended June 30, 2020, the accompanying consolidated statements of operations and comprehensive income included operating income (loss) of $(1.0) million and $5.7 million, respectively, related to the hotel properties sold.
The sales of the hotel properties described above did not represent a strategic shift that had a major effect on the Company’s operations and financial results, and therefore, did not qualify as discontinued operations.