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Acquisition and Disposition of Hotel Properties
 6 Months Ended
Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Acquisition and Disposition of Hotel Properties Acquisition and Disposition of Hotel Properties
Acquisitions
There were no acquisitions of hotel properties during the six months ended June 30, 2024.
Dispositions
There were no dispositions of hotel properties during the six months ended June 30, 2024.
The following table summarizes disposition transactions during 2023 (in thousands):
Hotel Property NameLocationSale DateSale Price
The Heathman HotelPortland, ORFebruary 22, 2023$45,000 
Retail at The Westin Michigan Avenue Chicago
Chicago, ILMarch 17, 202327,300 
Hotel Colonnade Coral GablesCoral Gables, FLMarch 28, 202363,000 
Hotel Monaco SeattleSeattle, WAMay 9, 202363,250 
Hotel Vintage SeattleSeattle, WAMay 24, 202333,700 
Hotel Zoe Fisherman's WharfSan Francisco, CANovember 14, 202368,500 
Marina City Retail at Hotel Chicago Downtown, Autograph Collection
Chicago, ILDecember 21, 202330,000 
2023 Total
$330,750 
For the three and six months ended June 30, 2023, the accompanying consolidated statements of operations and comprehensive income included operating loss of $0.5 million and $1.8 million, respectively, excluding impairment loss and gain on sale of hotel properties related to the hotel properties sold or held for sale. There was no impact for the three and six months ended June 30, 2024.
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.