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Relationships with Managers and Franchisors (Tables)
 12 Months Ended
Dec. 31, 2025
Relationships With Managers [Abstract]  
Schedule of Management Fees from Continuing Operations
The following is a summary of management fees (in thousands):
Year Ended December 31,
202520242023
Base management fees$22,586 $23,357 $22,543 
Incentive management fees5,151 5,781 4,444 
Amortization of deferred income related to key money (1)
(310)(400)(400)
Amortization of unfavorable contract liabilities(1,589)(1,589)(1,589)
Total management fees, net$25,838 $27,149 $24,998 
_____________________________
(1)Relates to key money received for Chicago Marriott Downtown Magnificent Mile, Westin Washington D.C. City Center, through the date of the disposition, and Henderson Beach Resort.
Schedule of Franchise Fees
The following is a summary of franchise fees for the years ended December 31, 2025, 2024 and 2023 (in thousands):
Year Ended December 31,
202520242023
Franchise fees$38,391 $39,755 $35,769 
Amortization of deferred income related to key money (1)
(31)(31)(31)
Total franchise fees, net$38,360 $39,724 $35,738 
_____________________________
(1)Relates to key money received for Courtyard New York Manhattan/Fifth Avenue.