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Discontinued Operations
 6 Months Ended
Jun. 30, 2013
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations

We had one hotel held for sale at June 30, 2013. We designate a hotel as held for sale when the sale is probable within the next twelve months. We consider a sale to be probable when a buyer completes its due diligence review, we have an executed contract for sale, and we have received a substantial non-refundable deposit.

Discontinued operations primarily include results of operations for one hotel designated as held for sale at June 30, 2013, one hotel sold in the second quarter of 2013 and ten hotels sold in 2012. The following table summarizes the condensed financial information for those hotels (in thousands):

 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2013
 
2012
 
2013
 
2012
Hotel operating revenue
$
3,688

 
 
$
23,804

 
 
$
7,313

 
 
$
55,247

 
Operating expenses(a)
(2,844
)
 
 
(21,511
)
 
 
(6,207
)
 
 
(47,413
)

Operating income from discontinued operations
844

 
 
2,293

 
 
1,106

 
 
7,834

 
Interest expense, net
—

 
 
(1,245
)
 
 
—

 
 
(2,612
)
 
Debt extinguishment
—

 
 
(668
)
 
 
—

 
 
(668
)
 
Gain on sale of hotels, net
7,259

 
 
16,719

 
 
7,259

 
 
16,719

 
Income from discontinued operations
$
8,103

 
 
$
17,099

 
 
$
8,365

 
 
$
21,273

 


(a) Includes an impairment charge of $1.3 million for the three and six months ended June 30, 2012.