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Sale of Hotel Properties (Tables)

6 Months Ended

Jun. 30, 2021

Discontinued Operations and Disposal Groups [Abstract]

Schedule of property disposed of during period

During the six months ended June 30, 2022, the Company sold the following hotel properties in two separate transactions for combined sales prices of approximately $49.9 million:

Hotel Property Name

Location

Sale Date

Rooms

Marriott Denver Airport @ Gateway Park

Aurora, CO

March 8, 2022

238

SpringHill Suites Denver North Westminster

Westminster, CO

April 19, 2022

164

Total

402

During the six months ended June 30, 2021, the Company sold the following hotel properties in three separate transactions for a combined sales price of approximately $17.7 million:

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

Total

320

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- References

No definition available.

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- Definition

Tabular disclosure of information 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.

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