Dispositions

6 Months Ended

Jun. 30, 2016

Disposal Group Not Discontinued Operation Disposal Disclosures [Abstract]

Dispositions

8. Dispositions

During the second quarter, we sold the following hotels:

· Manhattan Beach Marriott for $82 million;

· Sheraton Santiago Hotel & Convention Center and San Cristobal Tower, a Luxury Collection Hotel for $95 million;

· the Seattle Airport Marriott for $97 million; and

· Atlanta Marriott Perimeter Center for $71 million.

The following table provides summary results of operations for the eight hotels sold in each of 2016 and 2015, which are included in continuing operations (in millions):

	Quarter ended June 30,				Year-to-date ended June 30,
	2016		2015		2016		2015
Revenues	$	18	$	62	$	48	$	123
Income before taxes and gain on disposal		5		9		10		14
Gain on disposals		176		53		234		56

As of June 30, 2016, the Hotel ibis Christchurch and Hotel Novotel Christchurch Cathedral Square in New Zealand have been classified as held for sale.