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Hotel Dispositions
 12 Months Ended
Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]  
Hotel Dispositions
Hotel Dispositions
Effective January 1, 2014, we adopted the provisions of Accounting Standards Update No. 2014-08, under which the disposal of components of an entity are reported as discontinued operations only if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. We only apply these new provisions prospectively; consequently, we continue to report hotels that were considered discontinued operations for the year ended December 31, 2013 and prior years as discontinued operations in all periods presented.
During the year ended December 31, 2015, we sold eight hotels. In 2014, we sold eight hotels, one of which was previously held for sale at December 31, 2013, and disposed of five unconsolidated hotels when we unwound our joint ventures as discussed in Note 8. At December 31, 2014, we had two hotels held for sale, both of which subsequently sold. We designate a hotel as held for sale when the sale is probable within the next 12 months. Generally, we consider a sale to be probable when a buyer completes its due diligence review, we have an executed contract for sale and we have received a substantial non-refundable deposit. Excluding the hotel held for sale at December 31, 2013, we included operations for the sold hotels, and those hotels designated as held for sale at December 31, 2014, in income (loss) from continuing operations as shown in the statements of operations for the years ended December 31, 2015, 2014 and 2013, as disposition of these hotels does not represent a strategic shift in our business.

7.
Hotel Dispositions — (continued)

The following table includes condensed financial information primarily related to 12 of 13 hotels sold in 2014 (the remaining hotel was held for sale as of December 31, 2013) and eight hotels sold during the year ended December 31, 2015 included in continuing operations (in thousands):
 
Year Ended December 31,
 
2015
 
2014
 
2013
Hotel operating revenue
$
32,150

 
 
$
157,109

 
 
$
201,533

 
Operating expenses (a)
(25,971
)
 
 
(148,915
)
 
 
(224,744
)
 
Operating income (loss)
6,179

 
 
8,194

 
 
(23,211
)
 
Interest expense, net
(1,031
)
 
 
(2,475
)
 
 
(3,390
)
 
Debt extinguishment
(309
)
 
 
(932
)
 
 
—

 
Gain on sale of investment in unconsolidated entities, net
—

 
 
30,176

 
 
—

 
Other gains, net
—

 
 
—

 
 
42

 
Equity in income from unconsolidated entities
7,111

 
 
3,294

 
 
3,037

 
Income (loss) from continuing operations
11,950

 
 
38,257

 
 
(23,522
)
 
Gain on sale of hotels, net(b)
19,426

 
 
66,762

 
 
—

 
Net income (loss)
31,376

 
 
105,019

 
 
(23,522
)
 
Net loss (income) attributable to noncontrolling interests in other partnerships
(5,166
)
 
 
(977
)
 
 
4,555

 
Net loss (income) attributable to redeemable noncontrolling interests in FelCor LP
(110
)
 
 
(382
)
 
 
93

 
Net income (loss) attributable to FelCor
$
26,100

 
 
$
103,660

 
 
$
(18,874
)
 
(a)
Operating expenses include impairment charges of $24.4 million for the year ended December 31, 2013.
(b)
We recorded a $24.4 million gain from foreign currency translation (which we had previously recorded in accumulated other comprehensive income) when we sold our remaining Canadian hotel in 2014, which substantially liquidated all of our foreign investments.

Discontinued operations include the results of operations for one hotel sold in 2014 (which was held for sale at December 31, 2013) and five hotels sold in 2013. The following table summarizes the condensed financial information for those hotels (in thousands):
 
 
Year Ended December 31,
 
 
2015
 
2014
 
2013
Hotel operating revenue
 
$
—

 
 
$
730

 
 
$
33,849

Operating expenses(a)
 
11

 
 
(677
)
 
 
(34,553
)
Operating income (loss) from discontinued operations
 
11

 
 
53

 
 
(704
)
Interest expense, net
 
—

 
 
(66
)
 
 
(793
)
Debt extinguishment
 
—

 
 
(245
)
 
 
—

Gain on involuntary conversion
 
—

 
 
—

 
 
66

Gain (loss) on sale, net
 
658

 
 
(102
)
 
 
19,441

Income (loss) from discontinued operations
 
$
669

 
 
$
(360
)
 
 
$
18,010

(a)
Operating expenses in discontinued operations include impairment charges of $4.4 million for the year ended December 31, 2013.