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Sale of Hotel Properties (Tables)

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

Properties disposed

During the year ended December 31, 2024, the Company sold the following hotel properties in two separate transactions for a combined sales price of approximately $20.8 million:

Hotel Property Name

Location

Sale Date

Rooms

Residence Inn Merrillville

Merrillville, IN

May 21, 2024

78

Fairfield Inn & Suites Denver Cherry Creek

Denver, CO

September 9, 2024

134

Total

212

During the year ended December 31, 2022, the Company sold the following hotel properties in two separate transactions for a combined sales price 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

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