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Hotel Disposition
 6 Months Ended
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