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&lt;div style="margin-top: 12pt; font-size: 10pt;" align="left"&gt;&lt;b&gt;Note 5. Dispositions&lt;/b&gt; &lt;/div&gt;
&lt;div style="margin-top: 6pt; font-size: 10pt;" align="left"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;During the second quarter of 2010, the Company completed the sale of two wholly-owned hotels in New York for approximately $78&amp;nbsp;million and recognized a pre-tax gain of $3&amp;nbsp;million ($37&amp;nbsp;million gain after tax) in discontinued operations. &lt;/div&gt;
&lt;div style="margin-top: 6pt; font-size: 10pt;" align="left"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;During the first quarter of 2010, the Company recorded a net gain of approximately $1&amp;nbsp;million related to the sale of its minority interest in a joint venture that owned one hotel and the sale of a non-core asset, partially offset by losses on the termination of two management contracts. &lt;/div&gt;
&lt;div style="margin-top: 6pt; font-size: 10pt;" align="left"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;During the second quarter of 2009, the Company sold a hotel in Minneapolis for cash proceeds of approximately $4&amp;nbsp;million and terminated the lease of a hotel prior to its original term. As a result, the Company recorded a pre-tax loss of $13&amp;nbsp;million ($7&amp;nbsp;million loss after-tax) to discontinued operations in connection with these transactions. &lt;/div&gt;
&lt;div style="margin-top: 6pt; font-size: 10pt;" align="left"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;During the first quarter of 2009, the Company sold a wholly-owned hotel in exchange for a long-term agreement to manage the hotel. The Company recorded a loss on the sale of $5&amp;nbsp;million which was recorded in the gain/loss on asset dispositions and impairments, net line item of the Company's consolidated statements of income. &lt;/div&gt;&lt;/div&gt; &lt;/div&gt;</NonNumbericText>
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&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;During the second quarter of 2010, the Company completed the sale of two wholly-owned hotels in New York</NonNumericTextHeader>
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 -Publisher SEC
 -Name Staff Accounting Bulletin (SAB)
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 -Section CC
 -Subsection 3

Reference 2: http://www.xbrl.org/2003/role/presentationRef
 -Publisher FASB
 -Name Statement of Financial Accounting Standard (FAS)
 -Number 144
 -Paragraph 7-15, 26, 30-37

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