Disposition of Hotel Properties

6 Months Ended

Jun. 30, 2019

Disposition of Hotel Properties [Abstract]

Disposition of Hotel Properties

NOTE 5.DISPOSITIONS OF HOTEL PROPERTIES

As of June 30, 2019, the Company had no hotels classified as held for sale.  At December 31, 2018, the Company had one hotel held for sale. 

During the three months ended June 30, 2019, the Company sold no hotels.  During the three months ended June 30, 2018, the Company sold one hotel resulting in a total gain of $1,947.  During the six months ended June 30, 2019 and 2018, the Company sold one hotel and three hotels, respectively, resulting in total gains of $62 and $1,984,  respectively.  One of the hotels sold during the first quarter of 2018 had been previously impaired and a recovery of impairment totaling $93 was recognized upon the sale.