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Sale of Hotel Properties
 12 Months Ended
Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]  
Sale of Hotel Properties Sale of Hotel Properties
 
The Company sold no hotel properties during the year ended December 31, 2020.

In connection with the sale of hotel properties for the years ended December 31, 2019 and 2018, the Company recorded a net loss of $21.5 million and a net gain of $18.4 million, respectively.

During the year ended December 31, 2019, the Company sold two hotel properties in one transaction for a total
sale price of approximately $147.4 million.

The following table discloses the hotel properties that were sold during the year ended December 31, 2019:
Hotel Property NameLocationSale DateRooms
Embassy Suites Myrtle Beach - Oceanfront ResortMyrtle Beach, SCJune 27, 2019255 
Hilton Myrtle Beach ResortMyrtle Beach, SCJune 27, 2019385 
Total640 

During the year ended December 31, 2018, the Company sold six hotel properties for a total sale price of approximately $516.5 million.

The following table discloses the hotel properties that were sold during the year ended December 31, 2018:
Hotel Property NameLocationSale DateRooms
Embassy Suites Boston MarlboroughMarlborough, MAFebruary 21, 2018229 
Sheraton Philadelphia Society Hill HotelPhiladelphia, PAMarch 27, 2018364 
Embassy Suites Napa ValleyNapa, CAJuly 13, 2018205 
The Vinoy Renaissance St. Petersburg Resort & Golf ClubSt. Petersburg, FLAugust 28, 2018362 
DoubleTree by Hilton Burlington VermontBurlington, VTSeptember 27, 2018309 
Holiday Inn San Francisco - Fisherman's WharfSan Francisco, CAOctober 15, 2018585 
Total2,054