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Hotel Disposition | 12 Months Ended
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Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract] |
Hotel Disposition | Hotel Disposition 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 property” in our consolidated statements of operations. 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 consolidated statements of operations for the year ended December 31, 2018, respectively. The following table includes the condensed financial information from this hotel property (in thousands):
|  |  |  |  | Year Ended December 31, 2018
Total hotel revenue |  |  |  |  |  |  | $ | 14,611 |  |  |
Total hotel operating expenses |  |  |  |  |  |  | (7,431) |  |  |
Property taxes, insurance and other |  |  |  |  |  |  | (529) |  |  |
Depreciation and amortization |  |  |  |  |  |  | (1,294) |  |  |
Impairment charges |  |  |  |  |  |  | (12) |  |  |
Gain (loss) on insurance settlement, disposition of assets and sale of hotel property |  |  |  |  |  |  | 15,738 |  |  |
Operating income (loss) |  |  |  |  |  |  | 21,083 |  |  |
Interest expense and amortization of loan costs |  |  |  |  |  |  | (791) |  |  |
Income (loss) before income taxes |  |  |  |  |  |  | 20,292 |  |  |
(Income) loss before income taxes attributable to redeemable noncontrolling interests in operating partnership |  |  |  |  |  |  | (2,277) |  |  |
Income (loss) before income taxes attributable to the Company |  |  |  |  |  |  | $ | 18,015 |  |  |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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