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Subsequent Events
6 Months Ended
Jun. 30, 2016
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
On May 23, 2016, the Company announced it had entered into a definitive agreement to sell the 250-room Courtyard Seattle Downtown for $84.5 million in cash. The sale closed on July 1, 2016. The Company received net proceeds from the disposition of approximately $14.5 million following the repayment of approximately $65 million in debt and other transaction costs.
Subsequent to June 30, 2016, in connection with its stock repurchase program, the Company repurchased an additional 630,000 shares for approximately $9.0 million.