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Hotel Dispositions
 12 Months Ended
Dec. 31, 2019
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 and is included in “gain (loss) on insurance settlement, disposition of assets and sale of hotel properties” in our consolidated statements of operations.
On June 1, 2018, the Company sold the Tampa Renaissance hotel for $68.0 million in cash. The sale resulted in a gain of $15.7 million for the year ended December 31, 2018 and is included in “gain (loss) on insurance settlement, disposition of assets and sale of hotel properties” in our consolidated statements of operations.
Since the sale of the hotel properties 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 these hotel properties through the dates of disposition in net income (loss) as shown in our consolidated statements of operations for the years ended December 31, 2018 and 2017, respectively. The following table includes the consolidated financial information from these hotel properties (in thousands):
 
Year Ended December 31,
 
2018
 
2017
Total hotel revenue
$
14,611

 
$
51,375

Total hotel operating expenses
(7,431
)
 
(32,716
)
Property taxes, insurance and other
(529
)
 
(2,255
)
Depreciation and amortization
(1,294
)
 
(7,552
)
Impairment charges
(12
)
 
(10
)
Gain (loss) on insurance settlement, disposition of assets and sale of hotel properties
15,738

 
23,797

Operating income (loss)
21,083

 
32,639

Interest expense and amortization of loan costs
(791
)
 
(4,042
)
Write-off of loan costs and exit fees
—

 
(2,192
)
Income (loss) before income taxes
20,292

 
26,405

(Income) loss before income taxes attributable to redeemable noncontrolling interests in operating partnership
(2,277
)
 
(3,018
)
Income (loss) before income taxes attributable to the Company
$
18,015

 
$
23,387