Dispositions

6 Months Ended

Jun. 30, 2017

Disposal Group Not Discontinued Operation Disposal Disclosures [Abstract]

Dispositions

7. Dispositions

During the second quarter 2017, we sold the Sheraton Memphis Downtown for $67 million and recorded a gain of approximately $28 million.

As of June 30, 2017, the Hilton Melbourne South Wharf has been classified as held for sale. The hotel was sold on July 28, 2017 for A$230 million ($182 million) and we will record a gain of approximately $74 million in the third quarter.