Organization and Basis of Presentation (Tables)

12 Months Ended

Dec. 31, 2015

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Summary of Hotels Owned, Franchised, Managed, and Number of Associated Rooms

As of December 31, 2015, 2014 and 2013, total owned, franchised, and managed hotels, and the approximate number of associated rooms were as follows:

	2015				2014				2013
	# of hotels		# of rooms		# of hotels		# of rooms		# of hotels		# of rooms
Owned ⁽¹⁾		340		43,400		352		44,800		342		43,500
Joint Venture		1		200		1		200		1		200
Managed ⁽²⁾		—		—		—		—		14		1,700
Franchised		545		43,900		514		41,500		477		38,300
Totals		886		87,500		867		86,500		834		83,700

(1)

During the second quarter of 2015, we sold one of our owned hotels for $3.0 million, net of transaction costs. We recorded a loss on sale of $4.0 million related to this transaction. The purchaser subsequently signed a franchise agreement for this hotel to remain in our system. During the fourth quarter of 2015, we sold 11 of our owned hotels for $34.1 million, net of transaction costs. At December 31, 2015, owned hotels includes 13 hotels designated as assets held for sale, which are subject to a definitive purchase agreement.

(2)	These hotels were, as of December 31, 2013, owned by affiliates of the Funds. On April 14, 2014, these hotels were acquired by Holdco III. (See Notes 4 and 11)