- Definition

The deposits required under the agreement as a percentage of the hotel property's gross revenue, into a reserve fund for capital expenditures.

+ References

No definition available.

+ Details

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- Definition

The amount of fees expensed during the reporting period related to the agreement.

+ References

No definition available.

+ Details

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- Definition

The franchise fees received by each franchisor as a percentage of each real estate property's gross revenue under the agreement.

+ References

No definition available.

+ Details

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- Definition

The marketing fees payable by the entity as a percentage of gross revenue under the agreement.

+ References

No definition available.

+ Details

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- Definition

Period the contract is outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

+ References

No definition available.

+ Details

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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

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COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Franchise agreements
Commitments and contingencies
Deposits required under the agreement as a percentage of the hotel property's gross revenue, into a reserve fund for capital expenditures			5.00%
Fees related to the agreement	$ 14.2	$ 14.0	$ 27.6	$ 27.1
Franchise agreements \| Minimum
Commitments and contingencies
Management agreement, term			10 years
Franchise fees received by each franchisor as a percentage of each hotel property's gross revenue			3.00%
Franchise agreements \| Maximum
Commitments and contingencies
Management agreement, term			30 years
Franchise fees received by each franchisor as a percentage of each hotel property's gross revenue			6.00%
Marketing fees payable as a percentage of gross revenue			4.00%
Management Agreements
Commitments and contingencies
Management agreement, term			12 years
Fees related to the agreement	$ 4.4	$ 5.0	$ 9.3	$ 9.8