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Sale of Hotel Properties | 9 Months Ended
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Sep. 30, 2021
Discontinued Operations and Disposal Groups [Abstract] |
Sale of Hotel Properties | Sale of Hotel Properties During the nine months ended September 30, 2021, the Company sold six hotel properties in six separate transactions for a combined sales price of approximately $39.5 million. In connection with these transactions, the Company recorded a net gain of $2.6 million, which is included in gain on sale of hotel properties, net, in the accompanying consolidated statements of operations and comprehensive loss. The following table discloses the hotel properties that were sold during the nine months ended September 30, 2021:
Hotel Property Name |  | Location |  | Sale Date |  | Rooms
Courtyard Houston Sugarland |  | Stafford, TX |  | January 21, 2021 |  | 112 |
Residence Inn Indianapolis Fishers |  | Indianapolis, IN |  | May 10, 2021 |  | 78 |
Residence Inn Chicago Naperville |  | Warrenville, IL |  | May 12, 2021 |  | 130 |
Fairfield Inn & Suites Chicago Southeast Hammond |  | Hammond, IN |  | July 15, 2021 |  | 94 |
Residence Inn Chicago Southeast Hammond |  | Hammond, IN |  | August 3, 2021 |  | 78 |
Courtyard Chicago Southeast Hammond |  | Hammond, IN |  | August 5, 2021 |  | 85 |
|  |  |  | Total |  | 577 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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