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Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Hotels Subject to Leases
As of December 31, 2023, the following hotels were subject to leases as follows:
Lease PropertiesLease TypeLease Expiration Date
Restaurant at Southernmost Beach Resort
Operating leaseApril 2029
Paradise Point Resort & SpaOperating leaseMay 2050
Hotel Monaco Washington DCOperating leaseNovember 2059
Argonaut HotelOperating leaseDecember 2059
Hotel Zephyr Fisherman's WharfOperating leaseFebruary 2062
Viceroy Santa Monica HotelOperating leaseSeptember 2065
Estancia La Jolla Hotel & SpaOperating leaseJanuary 2066
San Diego Mission Bay ResortOperating leaseJuly 2068
1 Hotel San FranciscoOperating leaseMarch 2070(1)
Hyatt Regency Boston HarborOperating leaseApril 2077
The Westin Copley Place, BostonOperating leaseDecember 2077(2)
The Liberty, a Luxury Collection Hotel, BostonOperating leaseMay 2080
Jekyll Island Club Resort and Restaurant
Operating leaseJanuary 2089
Hotel Zelos San FranciscoOperating leaseJune 2097
Hotel Palomar Los Angeles Beverly HillsOperating leaseJanuary 2107(3)
Margaritaville Hollywood Beach ResortOperating leaseJuly 2112
Hotel Zeppelin San FranciscoOperating and finance leaseJune 2089(4)
Harbor Court Hotel San FranciscoFinance leaseAugust 2052
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(1)     The expiration date assumes the exercise of a 14-year extension option.
(2)     No payments are required through maturity.
(3)     The expiration date assumes the exercise of all 19 five-year extension options.
(4)     The expiration date assumes the exercise of a 30-year extension option.
Schedule of Components of Ground Rent Expense
The components of ground rent expense for the years ended December 31, 2023, 2022 and 2021 are as follows (in thousands):
For the year ended December 31,
202320222021
Fixed ground rent $19,133 $18,538 $16,825 
Variable ground rent20,252 18,931 9,616 
Total ground rent$39,385 $37,469 $26,441 
Schedule of Operating Lease Future Maturity
Future maturities of lease liabilities for the Company's operating leases at December 31, 2023 were as follows (in thousands):
2024$20,606 
202520,735 
202621,031 
202720,983 
202821,077 
Thereafter1,563,613 
Total lease payments$1,668,045 
Less: Imputed interest(1,347,428)
Present value of lease liabilities$320,617