Acquisition and Disposition of Hotel Properties (Tables)

12 Months Ended

Dec. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Hotel Properties Sold

The following table summarizes disposition transactions during the year ended December 31, 2023 (in thousands):

Hotel Property Name

Location

Sale Date

Sale Price

The Heathman Hotel

Portland, OR

February 22, 2023

45,000

Retail at The Westin Michigan Avenue Chicago

Chicago, IL

March 17, 2023

27,300

Hotel Colonnade Coral Gables

Coral Gables, FL

March 28, 2023

63,000

Hotel Monaco Seattle

Seattle, WA

May 9, 2023

63,250

Hotel Vintage Seattle

Seattle, WA

May 24, 2023

33,700

Hotel Zoe Fisherman’s Wharf

San Francisco, CA

November 14, 2023

68,500

Marina City Retail at Hotel Chicago Downtown, Autograph Collection

Chicago, IL

December 21, 2023

30,000

2023 Total

330,750

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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+ Details