Assets Held for Sale

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

Assets Held for Sale

Note 5. Assets Held for Sale

In December 2014, we entered into a purchase and sale agreement for the sale of one wholly owned hotel and received a deposit that was refundable under certain circumstances. In March 2015, the deposit became non-refundable, and the hotel and estimated goodwill of $9 million expected to be allocated to the sale were classified as assets held for sale as of March 31, 2015 and December 31, 2014. The hotel is expected to be sold in the second quarter of 2015 subject to a long-term management agreement.