Operating Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table presents the Company's segment hotel revenues, Hotel EBITDA, including significant hotel expenses and its reconciliation to Net income (loss) for the three months ended March 31, 2025 and 2024 (in thousands):

	For the three months ended March 31,
	2025		2024
Revenues:
Total revenues	$	320,266	$	314,069
Less: Corporate and other revenues	378		1,718
Hotel revenues	319,888		312,351
Significant hotel expenses:
Room expenses	58,523		55,023
Food and beverage expenses	64,568		61,014
Hotel general and administrative	29,111		27,572
Hotel sales and marketing	22,955		22,239
Hotel operations and maintenance	30,932		28,726
Hotel management fee	7,949		8,369
Hotel real estate taxes, personal property taxes, property insurance and ground rent	33,047		32,066
Other segment items (1)	11,976		11,238
Hotel EBITDA	60,827		66,104
Depreciation and amortization	(57,543)		(57,209)
Interest expense	(27,133)		(26,421)
Business interruption insurance income	4,303		3,980
Income tax (expense) benefit	3,162		(46)
Corporate and other (2)	(15,796)		(13,928)
Net income (loss)	$	(32,180)	$	(27,520)

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(1)    Other segment items include expenses incurred for parking, spa, franchise fees and other hotel operating expenses.

(2)    Corporate and other include corporate general and administrative and other operating income and expenses.