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Sale of Hotel Properties | 9 Months Ended
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Sep. 30, 2016
Discontinued Operations and Disposal Groups [Abstract] |
Disposal of Hotel Properties | Sale of Hotel Properties During the nine months ended September 30, 2016, the Company sold one hotel property for a sale price of approximately $2.9 million. In conjunction with this transaction, the Company recorded a $0.2 million loss on sale which is included in the accompanying consolidated statement of operations. The following table discloses the hotel property that was sold during the nine months ended September 30, 2016:
Property Name |  | Location |  | Sale Date |  | Rooms
Holiday Inn Express Merrillville |  | Merrillville, IN |  | February 22, 2016 |  | 62 |
|  |  |  | Total |  | 62 |
During the nine months ended September 30, 2015, the Company sold 22 hotel properties in three transactions for a total sale price of approximately $238.5 million. In conjunction with these transactions, the Company recorded a $23.8 million gain on sale, which is included in the accompanying consolidated statement of operations. The following table provides a list of the hotel properties that were sold during the nine months ended September 30, 2015:
Property Name |  | Location |  | Sale Date |  | Rooms
Courtyard Chicago Schaumburg |  | Schaumburg, IL |  | February 23, 2015 |  | 162 |
Courtyard Detroit Pontiac Bloomfield |  | Pontiac, MI |  | February 23, 2015 |  | 110 |
Courtyard Grand Junction |  | Grand Junction, CO |  | February 23, 2015 |  | 136 |
Courtyard Mesquite |  | Mesquite, TX |  | February 23, 2015 |  | 101 |
Courtyard San Antonio Airport Northstar |  | San Antonio, TX |  | February 23, 2015 |  | 78 |
Courtyard Tampa Brandon |  | Tampa, FL |  | February 23, 2015 |  | 90 |
Fairfield Inn & Suites Merrillville |  | Merrillville, IN |  | February 23, 2015 |  | 112 |
Fairfield Inn & Suites San Antonio Airport |  | San Antonio, TX |  | February 23, 2015 |  | 120 |
Fairfield Inn & Suites Tampa Brandon |  | Tampa, FL |  | February 23, 2015 |  | 107 |
Hampton Inn Merrillville |  | Merrillville, IN |  | February 23, 2015 |  | 64 |
Holiday Inn Grand Rapids Airport |  | Kentwood, MI |  | February 23, 2015 |  | 148 |
Homewood Suites Tampa Brandon |  | Tampa, FL |  | February 23, 2015 |  | 126 |
Marriott Auburn Hills Pontiac at Centerpoint |  | Pontiac, MI |  | February 23, 2015 |  | 290 |
Residence Inn Austin Round Rock |  | Round Rock, TX |  | February 23, 2015 |  | 96 |
Residence Inn Chicago Schaumburg |  | Schaumburg, IL |  | February 23, 2015 |  | 125 |
Residence Inn Detroit Pontiac Auburn Hills |  | Pontiac, MI |  | February 23, 2015 |  | 114 |
Residence Inn Grand Junction |  | Grand Junction, CO |  | February 23, 2015 |  | 104 |
Residence Inn Indianapolis Carmel |  | Carmel, IN |  | February 23, 2015 |  | 120 |
Springhill Suites Chicago Schaumburg |  | Schaumburg, IL |  | February 23, 2015 |  | 132 |
Springhill Suites Indianapolis Carmel |  | Carmel, IN |  | February 23, 2015 |  | 126 |
Fairfield Inn & Suites Valparaiso |  | Valparaiso, IN |  | May 22, 2015 |  | 63 |
Residence Inn South Bend |  | South Bend, IN |  | July 7, 2015 |  | 80 |
|  |  |  | Total |  | 2,604 |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64862545&loc=SL51724579-110230 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2941-110230 Reference 7: 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=64827811&loc=d3e1361-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 Reference 12: 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=64827811&loc=d3e1474-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 + Details
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