Sale of Hotel Properties

6 Months Ended

Jun. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

During the six months ended June 30, 2018, the Company sold two hotel properties for a total sale price of approximately $119.2 million. In conjunction with these transactions, the Company recorded a $9.4 million loss on sale, which is included in loss on sale of hotel properties in the accompanying consolidated statement of operations and comprehensive income (loss). The loss on sale included approximately $1.5 million in lease termination fees as a result of early terminating the TRS Leases with the lessees at both hotel properties.

The following table discloses the hotel properties that were sold during the six months ended June 30, 2018:



Hotel Property Name	Location	Sale Date	Rooms
Embassy Suites Boston Marlborough	Marlborough, MA	February 21, 2018	229
Sheraton Philadelphia Society Hill Hotel	Philadelphia, PA	March 27, 2018	364
		Total	593

On July 13, 2018, the Company sold the Embassy Suites Napa Valley for $102.0 million.

During the Predecessor six months ended June 30, 2017, the Company did not sell any hotel properties.