Dispositions of Hotel Properties

9 Months Ended

Sep. 30, 2019

Dispositions of Hotel Properties [Abstract]

Dispositions of Hotel Properties

NOTE 5.  DISPOSITIONS OF HOTEL PROPERTIES

As of September 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 September 30, 2019, the Company sold no hotels.  During the three months ended September 30, 2018, the Company sold one hotel resulting in a total gain of $3,722.  During the nine months ended September 30, 2019 and 2018, the Company sold one hotel and four hotels, respectively, resulting in total gains of $62 and $5,706,  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.