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Hotel Disposition | 6 Months Ended
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Jun. 30, 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 as shown in the condensed consolidated statements of operations for the three and six months ended June 30, 2016. The following table includes the condensed financial information from this hotel property (in thousands):
| Three Months Ended |  | Six Months Ended
| June 30, 2016 |  | June 30, 2016
Total hotel revenue | $ | 4,808 |  |  | $ | 7,995 |
Total hotel operating expenses | (2,704 | ) |  | (4,462 | )
Operating income (loss) | 2,104 |  |  | 3,533 |
Property taxes, insurance and other | (167 | ) |  | (330 | )
Depreciation and amortization | (295 | ) |  | (834 | )
Interest expense and amortization of loan costs | (862 | ) |  | (1,709 | )
Income (loss) before income taxes | 780 |  |  | 660 |
(Income) loss before income taxes attributable to redeemable noncontrolling interests in operating partnership | (102 | ) |  | (87 | )
Income (loss) before income taxes attributable to the Company | $ | 678 |  |  | $ | 573 |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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