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Dispositions
12 Months Ended
Dec. 31, 2021
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]  
Dispositions
11.
Dispositions

We disposed of six hotels in 2021, one hotel in 2020 and 14 hotels in 2019 and recorded gains on sale of approximately $305 million, $148 million and $339 million, respectively. In 2020, we also sold excess land adjacent to The Phoenician for $83 million and recorded a gain on sale of approximately $59 million. The gain on sale of assets is included in other gains on the consolidated statement of operations.

As of December 31, 2021, the Sheraton Boston Hotel and YVE Hotel Miami are classified as held for sale. Subsequent to year end, we sold the Sheraton Boston Hotel for $233 million, including a $163 million bridge loan we provided to the buyer, and expect to record a gain on sale of approximately $12 million in the first quarter of 2022.