Dispositions of Hotel Properties

6 Months Ended

Jun. 30, 2018

Dispositions of Hotel Properties [Abstract]

Dispositions of Hotel Properties

NOTE 5.DISPOSITIONS OF HOTEL PROPERTIES

As of June 30, 2018, the Company had one hotel classified as held for sale.  At December 31, 2017, the Company had three hotels held for sale and classified one additional property as held for sale during the first quarter of 2018.

During the three months ended June 30, 2018 and 2017, the Company sold one hotel and three hotels, respectively, resulting in total gains of $1,947 and $5,031,  respectively.  During the six months ended June 30, 2018 and 2017, the Company sold three and five hotels, respectively, resulting in total gains of $1,984 and $5,031,  respectively.  One of the hotels sold during the three months ended March 31, 2018 and both of the hotels sold during the three months ended March 31, 2017 had been previously impaired and recoveries of impairment totaling $93 and $80, respectively, were recognized upon their sale.