XML 63 R50.htm IDEA: XBRL DOCUMENT v3.19.2
HOTEL DISPOSITIONS (Tables)
6 Months Ended
Jun. 30, 2019
Property, Plant and Equipment [Abstract]  
Summary of Total Revenues and Expenses The table below summarizes hotel dispositions during the year ended December 31, 2018 (in thousands, except number of hotels and number of rooms). None of the 2018
dispositions were reported as discontinued operations.
Year
Brand
Location
Month Sold
Number of
Hotels
Number of
Rooms
Net Proceeds
Gain (Loss)
on Sale
 
Franchised/Managed (1)
 
2018
Extended Stay America
Various
November
14
1,369
$
34,855

$
1,331

(2) 
Yes
 
2018
Extended Stay America
Various
September
16
1,680
60,710

6,293

(2) 
Yes
 
2018
Extended Stay America
Various
September
16
1,776
58,144

(3,014
)
(2) 
Yes
 
2018
Extended Stay America
Various
February
25
2,430
111,156

6,810

(2) 
Yes
 
2018
Extended Stay America
Texas
March
1
101
44,090

31,058

 
Yes
(3) 
________________________________
(1)
As of June 30, 2019.
(2)
Net of impairment charges of $16.8 million, $24.3 million, $6.3 million and $2.1 million, respectively, recognized prior to sale.
(3)
Remaining term of franchise or management agreement is less than one year.
During the three and six months ended June 30, 2018, disposed hotel properties contributed total room and other hotel revenues, total operating expenses and loss before income tax expense as follows (in thousands):
 
Three Months Ended
June 30, 2018
 
Six Months Ended
June 30, 2018
Total room and other hotel revenues
$
16,107

 
$
34,807

Total operating expenses (1)
12,481

 
66,095

Gain (loss) before income tax expense (1)
3,626

 
(31,288
)
________________________________
(1)
Includes impairment charges of $0 and $37.4 million for the three and six months ended June 30, 2018.