Hotel Dispositions

3 Months Ended

Mar. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

Hotel Dispositions

Hotel Dispositions

During the three months ended March 31, 2015, we sold three hotels and had one hotel held for sale at March 31, 2015. We designate a hotel as held for sale when the sale is probable within the next twelve months. Generally, 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. We included operations for the sold hotels, and the hotel designated as held for sale, in income (loss) from continuing operations as shown in the statements of operations and comprehensive income (loss) for the three months ended March 31, 2015, as disposition of these hotels did not represent a strategic shift in our business. Additionally, included in the gain (loss) on the sale of hotels are selling costs, which are expensed as incurred.

The following table includes condensed financial information primarily related to hotels sold in 2015 included in continuing operations (in thousands):

	Three Months Ended
	March 31,
	2015
Hotel operating revenue	$	18,016
Operating expenses	(14,542		)
Operating income	3,474
Interest expense, net	(596		)
Debt extinguishment	(73		)
Equity in income from unconsolidated entities	205
Income from continuing operations	3,010
Gain on sale of hotels, net	16,887
Net income	19,897
Net loss (income) attributable to noncontrolling interests in other partnerships	(5,218		)
Net income attributable to redeemable noncontrolling interests in FelCor LP	(70		)
Net income attributable to FelCor	$	14,609