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In 2014, the company was formed as a corporate spin-off of InvenTrust Properties.
On February 4, 2015, the company became a public company.
In December 2016, the company sold 4 hotels for $119 million.
In December 2019, the company sold 2 hotels for $61.5 million.
In March 2020, the company sold 7 Kimpton Hotels & Restaurants -branded hotels for $483 million.