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Acquisition and Disposition of Hotel Properties
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Acquisition and Disposition of Hotel Properties Acquisition and Disposition of Hotel Properties
Acquisitions
The Company did not acquire any hotel properties during the years ended December 31, 2024 or 2023.
Dispositions
The Company did not dispose of any hotel properties during the year ended December 31, 2024.
The following table summarizes disposition transactions during the year ended December 31, 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 years ended December 31, 2023 and 2022, the accompanying consolidated statements of operations and comprehensive income included operating loss of $0.8 million and $3.9 million, respectively, excluding impairment loss and gain on sale of hotel properties related to the hotel properties sold and held for sale. There was no impact for the year ended December 31, 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.