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Sale of Hotel Properties
 9 Months Ended
Sep. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]  
Sale of Hotel Properties Sale of Hotel Properties
During the nine months ended September 30, 2019, the Company sold two hotel properties in one transaction for a total sale price of approximately $147.4 million. In connection with this transaction, the Company recorded a $21.4 million loss on sale, which is included in loss on sale of hotel properties, net in the accompanying consolidated statement of operations and comprehensive (loss) income. The loss on sale included approximately $0.7 million in lease termination fees as a result of early termination of the TRS Leases with the Lessees at these hotel properties.

The following table discloses the hotel properties that were sold during the nine months ended September 30, 2019:
Hotel Property NameLocationSale DateRooms
Embassy Suites Myrtle Beach - Oceanfront ResortMyrtle Beach, SCJune 27, 2019255 
Hilton Myrtle Beach ResortMyrtle Beach, SCJune 27, 2019385 
Total640