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Dispositions
6 Months Ended
Jun. 30, 2015
Disposal Group Not Discontinued Operation Disposal Disclosures [Abstract]  
Dispositions

8.

Dispositions

On June 23, 2015, we sold the Park Ridge Marriott and the Chicago Marriott O’Hare for approximately $89 million. Additionally, on June 3, 2015, we sold the Sheraton Needham for approximately $54 million. The following table provides summary results of operations for the four hotels sold in 2015 and the five hotels sold in 2014, which are included in continuing operations (in millions):

 

 

 

Quarter ended June 30,

 

 

Year-to-date ended June 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Revenues

 

$

16

 

 

$

45

 

 

$

32

 

 

$

89

 

Income before taxes

 

 

2

 

 

 

7

 

 

 

 

 

 

10

 

Gain on disposals

 

 

53

 

 

 

 

 

 

56

 

 

 

111