Hotel Dispositions

6 Months Ended

Jun. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Hotel Dispositions

Hotel Dispositions

During the six months ended June 30, 2015, we sold six hotels and had two hotels held for sale at June 30, 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 hotels 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 and six months ended June 30, 2015, as disposition of these hotels did not represent a strategic shift in our business. Additionally, we included selling costs, which we expense as they are incurred, in the gain (loss) on the sale of hotels. There were no hotel dispositions in 2016 prior to June 30, 2016.

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

	Three Months Ended				Six Months Ended
		June 30, 2015				June 30, 2015
Hotel operating revenue		$	11,244			$	29,260
Operating expenses		(9,078		)		(23,620		)
Operating income		2,166				5,640
Interest expense, net		(436		)		(1,031		)
Debt extinguishment		(237		)		(309		)
Equity in income from unconsolidated entities		6,894				7,098
Income from continuing operations		8,387				11,398
Gain (loss) on sale of hotels, net		(550		)		16,337
Net income		7,837				27,735
Net loss (income) attributable to noncontrolling interests in other partnerships		26				(5,191		)
Net income attributable to redeemable noncontrolling interests in FelCor LP		(34		)		(97		)
Net income attributable to FelCor		$	7,829			$	22,447