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Hotel Disposition
 3 Months Ended
Mar. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]  
Hotel Disposition
Hotel Disposition
On July 1, 2016, the Company sold the Courtyard Seattle Downtown for $84.5 million in cash. The sale resulted in a gain of $26.4 million for the year ended December 31, 2016. Since the sale of the hotel property did not represent a strategic shift that has (or will have) a major effect on our operations or financial results, its results of operations were not reported as discontinued operations in the condensed consolidated financial statements.
We included the results of operations for these assets through the date of disposition in net income (loss) as shown in the condensed consolidated statements of operations for the three months ended March 31, 2016. The following table includes the condensed financial information from this hotel property (in thousands):
 
Three Months Ended
 
March 31, 2016
Total hotel revenue
$
3,187

Total hotel operating expenses
(1,758
)
Operating income (loss)
1,429

Property taxes, insurance and other
(163
)
Depreciation and amortization
(539
)
Interest expense and amortization of loan costs
(847
)
Income (loss) before income taxes
(120
)
(Income) loss before income taxes attributable to redeemable noncontrolling interests in operating partnership
15

Income (loss) before income taxes attributable to the Company
$
(105
)