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Dispositions, Impairment Charges and Assets Held For Sale (Tables)
 12 Months Ended
Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Hotel Dispositions and Assets Held for Sale The following table includes condensed financial information for the years ended December 31, 2023, 2022 and 2021 from the Company’s dispositions (in thousands):
Year Ended December 31,
202320222021
Total hotel revenue
$80,018 $88,983 $58,867 
Total hotel operating expenses(60,698)(65,053)(47,817)
Property taxes, insurance and other(3,906)(4,402)(4,560)
Depreciation and amortization(12,782)(17,322)(20,867)
Total operating expenses
(77,386)(86,777)(73,244)
Gain (loss) on disposition of assets and hotel properties10,279 (1)237 
Operating income (loss)12,911 2,205 (14,140)
Interest income40 5 — 
Interest expense and amortization of discounts and loan costs(20,994)(13,805)(8,796)
Write-off of premiums, loan costs and exit fees(110)— — 
Gain (loss) on extinguishment of debt53,386 — 10,566 
Income (loss) before income taxes45,233 (11,595)(12,370)
(Income) loss before income taxes attributable to redeemable noncontrolling interests in operating partnership(521)90 103 
Net income (loss) attributable to the Company
$44,712 $(11,505)$(12,267)
The major classes of assets and liabilities related to assets held for sale included in the consolidated balance sheet at December 31, 2023 were as follows:
December 31, 2023
Assets
Investments in hotel properties, net$11,949 
Cash and cash equivalents1 
Restricted cash223 
Accounts receivable, net171 
Prepaid expenses22 
Due from third-party hotel managers17 
Assets held for sale$12,383 
Liabilities
Indebtedness, net$14,366 
Accounts payable and accrued expenses231 
Accrued interest55 
Due from Ashford Inc.
1 
Liabilities related to assets held for sale$14,653