Dispositions

9 Months Ended

Sep. 30, 2017

Disposal Group Not Discontinued Operation Disposal Disclosures [Abstract]

Dispositions

7. Dispositions

During the third quarter 2017, we sold the Hilton Melbourne South Wharf for A$230 million ($184 million) and the Sheraton Indianapolis at Keystone Crossing for $66 million, and recorded a total gain of approximately $58 million. In connection with the sale of the Hilton Melbourne South Wharf, we recorded taxes of $22 million associated with the gain on sale.

As of September 30, 2017, the Key Bridge Marriott has been classified as held for sale.