Sale of Hotel Properties (Tables)

12 Months Ended

Dec. 31, 2018

Discontinued operations

Schedule of property disposed during period

The following table discloses the hotel properties that were sold during the year ended December 31, 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
Embassy Suites Napa Valley	Napa, CA	July 13, 2018	205
The Vinoy Renaissance St. Petersburg Resort & Golf Club	St. Petersburg, FL	August 28, 2018	362
DoubleTree by Hilton Burlington Vermont	Burlington, VT	September 27, 2018	309
Holiday Inn San Francisco - Fisherman's Wharf (1)	San Francisco, CA	October 15, 2018	585
		Total	2,054

(1) The Holiday Inn San Francisco - Fisherman's Wharf consists of two separate buildings, the 342-room Columbus Street building and the 243-room Annex building. On October 31, 2018, the ground lease under the Columbus Street building expired and the building was transferred to the lessor in accordance with the ground lease. On October 15, 2018, the Company separately sold the remaining 243-room Annex building for $75.3 million. In connection with the sale, the Company transferred its purchase option on the land underlying the Annex building ground lease to the buyer. The proceeds to the Company as a result of the sale were approximately $30.4 million.

The following table discloses the hotel properties that were sold during the Predecessor year ended December 31, 2016:

Hotel Property Name	Location	Sale Date	Rooms
Renaissance Esmeralda Indian Wells Resort & Spa	Indian Wells, CA	August 2, 2016	560
Holiday Inn Nashville Airport	Nashville, TN	September 1, 2016	383
		Total	943

The following table discloses the hotel property that was sold during the Successor period of September 1, 2017 through December 31, 2017:

Hotel Property Name	Location	Sale Date	Rooms
The Fairmont Copley Plaza	Boston, MA	December 14, 2017	383
		Total	383

The following table discloses the hotel properties that were sold during the Predecessor period of January 1, 2017 through August 31, 2017:

Hotel Property Name	Location	Sale Date	Rooms
Morgans New York	New York, NY	July 17, 2017	117
Royalton New York	New York, NY	August 1, 2017	168
		Total	285

The following table includes the condensed financial information primarily related to the two hotel properties that were sold during the Predecessor period of January 1, 2017 through August 31, 2017 and the two hotel properties that were sold during the Predecessor year ended December 31, 2016 included in continuing operations (in thousands):

	Predecessor
	January 1 through August 31,			For the year ended December 31,
	2017			2016
Total revenue	$	14,159		$	70,181
Operating expense (1)	(53,930		)	(94,632		)
Operating loss	(39,771		)	(24,451		)
Interest income	—			1
Loss from continuing operations	(39,771		)	(24,450		)
(Loss) gain on sale of hotel properties	(1,764		)	6,322
Net loss	(41,535		)	(18,128		)
Net loss attributable to redeemable noncontrolling interests in FelCor LP	179			78
Net loss attributable to FelCor	$	(41,356	)	$	(18,050	)

(1) The operating expenses include impairment losses of $35.1 million for the period of January 1, 2017 through August 31, 2017 and $26.5 million for the year ended December 31, 2016.