Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2024

Commitments and Contingencies

Schedule of basic and incentive management fees

Total basic management and incentive management fees were included in other property-level expenses on the Company’s consolidated statements of operations as follows (unaudited and in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Basic management fees	$	6,639	$	7,599	$	12,613	$	14,327
Incentive management fees		318		2,415		3,347		5,942
Total basic and incentive management fees	$	6,957	$	10,014	$	15,960	$	20,269

Schedule of license and franchise costs

Total license and franchise fees were included in franchise costs on the Company’s consolidated statements of operations as follows (unaudited and in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Franchise assessments (1)	$	4,488	$	4,206	$	8,370	$	7,817
Franchise royalties		331		354		654		661
Total franchise costs	$	4,819	$	4,560	$	9,024	$	8,478

(1) Includes advertising, reservation and frequent guest program assessments.

Schedule of hotel geographic concentration of risk

As of June 30, 2024, our hotels were geographically concentrated as follows (unaudited):

				Trailing 12-Month
		Percentage of		Total Consolidated
	Number of Hotels	Total Rooms		Revenue
Northern California	3	14	%	21	%
Southern California	2	22	%	23	%
Florida	3	17	%	14	%
Hawaii	1	8	%	17	%
Washington DC	1	11	%	10	%