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Disposal of Hotel Properties (Tables) | 9 Months Ended
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Sep. 30, 2014
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of property disposed during period | The following table provides a list of properties that were disposed of during 2013:
Property Name |  | Location |  | Disposal Date |  | Rooms
SpringHill Suites Southfield |  | Southfield, MI |  | May 30, 2013 |  | 84 |
Courtyard Goshen |  | Goshen, IN |  | August 28, 2013 |  | 91 |
Fairfield Inn & Suites Memphis |  | Memphis, TN |  | November 18, 2013 |  | 63 |
|  |  |  | Total |  | 238 |
The following table provides a list of properties that were disposed of during the nine months ended September 30, 2014:
Property Name |  | Location |  | Disposal Date |  | Rooms
Courtyard Denver Southwest Lakewood |  | Lakewood, CO |  | February 20, 2014 |  | 90 |
Residence Inn Denver Southwest Lakewood |  | Lakewood, CO |  | February 20, 2014 |  | 102 |
Hyatt House Colorado Springs |  | Colorado Springs, CO |  | February 20, 2014 |  | 125 |
SpringHill Suites Gainesville |  | Gainesville, FL |  | February 20, 2014 |  | 126 |
Residence Inn Indianapolis Airport |  | Indianapolis, IN |  | February 20, 2014 |  | 95 |
Fairfield Inn & Suites Indianapolis Airport |  | Indianapolis, IN |  | February 20, 2014 |  | 86 |
Courtyard Grand Rapids Airport |  | Kentwood, MI |  | February 20, 2014 |  | 84 |
Hampton Inn Suites Las Vegas Red Rock Summerlin |  | Las Vegas, NV |  | February 20, 2014 |  | 106 |
Courtyard Austin University Area |  | Austin, TX |  | February 20, 2014 |  | 198 |
Fairfield Inn & Suites Austin University Area |  | Austin, TX |  | February 20, 2014 |  | 63 |
Hyatt House Dallas Richardson |  | Richardson, TX |  | February 20, 2014 |  | 130 |
Hilton Garden Inn St. George |  | St. George, UT |  | February 25, 2014 |  | 150 |
Hilton Mystic |  | Mystic, CT |  | March 26, 2014 |  | 182 |
Holiday Inn Austin NW Arboretum Area |  | Austin, TX |  | June 18, 2014 |  | 194 |
|  |  |  | Total |  | 1,731 |
Schedule of operating results of discontinued operations | Operating results of discontinued operations were as follows (in thousands):
| For the three months ended September 30, 2013 |  | For the nine months ended September 30, 2013
Operating revenue | $ | 678 |  |  | $ | 2,800 |
Operating expense | (766 | ) |  | (2,780 | )
Operating income (loss) | (88 | ) |  | 20 |
Interest expense | (31 | ) |  | (373 | )
Loss from discontinued operations before gain on extinguishment of indebtedness | (119 | ) |  | (353 | )
Gain on extinguishment of indebtedness | 3,277 |  |  | 5,702 |
Net income from discontinued operations | $ | 3,158 |  |  | $ | 5,349 |

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- Definition Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 + Details
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