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Hotel Disposition (Tables)
9 Months Ended
Sep. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Condensed financial information from hotel property
The following table includes the condensed financial information from this hotel property (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Total hotel revenue
$

 
$
5,662

 
$
7,995

 
$
12,877

Total hotel operating expenses

 
(3,163
)
 
(4,463
)
 
(7,174
)
Operating income

 
2,499

 
3,532

 
5,703

Property taxes, insurance and other

 
(159
)
 
(333
)
 
(472
)
Depreciation and amortization

 
(531
)
 
(834
)
 
(1,558
)
Gain on sale of hotel property
26,359

 

 
26,359

 

Interest expense and amortization of loan costs

 
(881
)
 
(1,709
)
 
(2,624
)
Net income
26,359

 
928

 
27,015

 
1,049

Net income attributable to redeemable noncontrolling interests in operating partnership
(2,899
)
 
(153
)
 
(2,972
)
 
(173
)
Net income attributable to the Company
$
23,460

 
$
775

 
$
24,043

 
$
876