XML 20 R11.htm IDEA: XBRL DOCUMENT v3.22.2.2
Sale of Hotel Properties
 9 Months Ended
Sep. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Sale of Hotel Properties Sale of Hotel Properties  
In connection with the sale of hotel properties for the nine months ended September 30, 2022 and 2021, the Company recorded net gains of $1.0 million and $3.1 million, respectively.

During the nine months ended September 30, 2022, the Company sold the following hotel properties in two separate transactions for a combined sales price of approximately $49.9 million:

Hotel Property NameLocationSale DateRooms
Marriott Denver Airport @ Gateway ParkAurora, COMarch 8, 2022238 
SpringHill Suites Denver North WestminsterWestminster, COApril 19, 2022164 
Total402 
During the nine months ended September 30, 2021, the Company sold the following hotel properties in six separate transactions for a combined sales price of approximately $39.5 million:
Hotel Property NameLocationSale DateRooms
Courtyard Houston SugarlandStafford, TXJanuary 21, 2021112 
Residence Inn Indianapolis FishersIndianapolis, INMay 10, 202178 
Residence Inn Chicago NapervilleWarrenville, ILMay 12, 2021130 
Fairfield Inn & Suites Chicago Southeast HammondHammond, INJuly 15, 202194 
Residence Inn Chicago Southeast HammondHammond, INAugust 3, 202178 
Courtyard Chicago Southeast HammondHammond, INAugust 5, 202185 
Total577