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Hotel Dispositions
 3 Months Ended
Mar. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Hotel Dispositions
Hotel Dispositions
On November 1, 2017, the Company sold the Plano Marriott Legacy Town Center for $104.0 million in cash. The sale resulted in a gain of $23.8 million for the year ended December 31, 2017.
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 our consolidated financial statements.
We included the results of operations for this hotel property through the date of disposition in net income (loss) as shown in our condensed consolidated statements of operations for the three months ended March 31, 2017. The following table includes the condensed financial information from this hotel property (in thousands):
 
Three Months Ended
 
March 31, 2017
Total hotel revenue
$
8,559

Total hotel operating expenses
(5,150
)
Operating income (loss)
3,409

Property taxes, insurance and other
(355
)
Depreciation and amortization
(1,188
)
Interest expense and amortization of loan costs
(635
)
Income (loss) before income taxes
1,231

(Income) loss before income taxes attributable to redeemable noncontrolling interests in operating partnership
(162
)
Income (loss) before income taxes attributable to the Company
$
1,069