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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance Disclosure
As required by Item 402(v) of Regulation S-K, we are providing the following information regarding the relationship between executive compensation and our financial performance for each of the last three completed calendar years. In determining the “compensation actually paid” to our NEOs, we are required to make various adjustments to amounts that have been previously reported in the Summary Compensation Table in previous years, as the SEC’s valuation methods for this section differ from those required in the Summary Compensation Table. The table below summarizes compensation values both previously reported in our Summary Compensation Table, as well as the adjusted values required in this section for the 2021, 2022, 2023, 2024 and 2025 calendar years. Note that compensation for our NEOs other than our principal executive officer (“PEO”) is reported as an average. The 2025 non-PEO NEO compensation amounts are lower compared to the previous years as Mr. Mahoney’s and Mr. Perry’s partial year compensation is included in the average.
Year
Summary
Compensation
Table Total for

PEO(1)
Compensation
Actually Paid
to PEO
(2)
Average
Summary
Compensation
Table Total for
non-PEO
NEOs
(1)
Average
Compensation
Actually Paid to
non-PEO
NEOs
(2)
Value of initial fixed $100
Investment based on:
Net
Income
($mm)
Comparable
Hotel

EBITDA
($mm)(4)
Total
Shareholder
Return
(3)
Peer Group
Total
Shareholder
Return
(3)
2025 $ 9,460,014 $ 4,314,746 $ 1,617,451 $ 456,741 $ 62.88 $ 109.44 $ 29 $ 364
2024 $ 9,358,847 $ 5,864,813 $ 2,655,673 $ 1,956,017 $ 63.80 $ 85.80 $ 68 $ 392
2023 $ 9,128,901 $ 9,360,617 $ 2,629,543 $ 2,712,581 $ 69.69 $ 89.79 $ 77 $ 395
2022 $ 8,354,370 $ 1,305,337 $ 2,711,175 $ 1,162,789 $ 60.86 $ 72.15 $ 42 $ 364
2021 $ 16,300,593 $ 12,578,908 $ 3,921,652 $ 2,958,736 $ 79.15 $ 85.25 $ (311) $ 197
(1)
For each fiscal year, our PEO and other NEOs included the individuals indicated in the table below:
2021
2022
2023
2024
2025
PEO Ms. Hale Ms. Hale Ms. Hale Ms. Hale Ms. Hale
Other NEO Mr. Johnson Mr. Johnson Mr. Johnson Mr. Johnson Mr. Johnson
Other NEO Mr. Mahoney Mr. Mahoney Mr. Mahoney Mr. Mahoney Mr. Bardenett
Other NEO N/A Mr. Bardenett Mr. Bardenett Mr. Bardenett Mr. McKalip
Other NEO N/A N/A Mr. Perry Mr. Perry Mr. Bhalla
Other NEO N/A N/A N/A N/A Mr. Mahoney (1)
Other NEO N/A N/A N/A N/A Mr. Perry(1)
(1)
Mr. Mahoney retired from his position as Executive Vice President and Chief Financial Officer effective May 15, 2025 and Mr. Perry resigned from his position as Executive Vice President, General Counsel and Corporate Secretary, effective May 9, 2025.
(2)
Compensation actually paid to our PEO and other NEOs represents the “Total” compensation reported in the SCT for the applicable fiscal year, adjusted as follows:
2021
2022
2023
2024
2025
PEO
Avg.
Other
NEOs
PEO
Avg.
Other
NEOs
PEO
Avg.
Other
NEOs
PEO
Avg.
Other
NEOs
PEO
Avg.
Other
NEOs
Summary Compensation Table Total(a) $ 16,300,593 $ 3,921,652 $ 8,354,370 $ 2,711,175 $ 9,128,901 $ 2,629,543 $ 9,358,847 $ 2,655,673 $ 9,460,014 $ 1,617,451
Deduct equity award value reported in the SCT $ (13,904,935) $ (2,782,664) $ (5,801,717) $ (1,499,005) $ (6,510,572) $ (1,517,090) $ (6,889,568) $ (1,550,734) $ (6,900,250) $ (853,457)
Add year-end fair
value (FV) of
awards granted
during the FY that
remain unvested
as of FY end
$ 12,109,960 $ 2,418,637 $ 3,856,627 $ 997,491 $ 6,435,620 $ 1,563,706 $ 5,646,724 $ 1,270,989 $ 5,532,449 $ 548,122
Change in year-end FV of prior year awards remaining unvested at FY end
$ (2,009,371) $ (625,069) $ (5,344,802) $ (1,110,460) $ (63,330) $ (34,939) $ (2,058,887) $ (407,286) $ (3,759,018) $ (368,117)
Change in FV from
prior FY end of
prior-year awards
that vested during
FY
$ 39,270 $ 14,648 $ 98,371 $ 29,130 $ 111,356 $ 25,809 $ (525,204) $ (82,315) $ (445,718) $ (99,108)
Deduct year-end FV of prior year awards forfeited during FY
$ $ $ $ $ $ $ $ $ $ (446,094)
Add dividends or other earnings paid during FY prior to vesting date
$ 43,391 $ 11,532 $ 142,488 $ 34,458 $ 258,642 $ 45,552 $ 332,901 $ 69,690 $ 427,269 $ 57,944
Total adjustments
$ (3,721,685) $ (962,916) $ (7,049,033) $ (1,548,386) $ 231,716 $ 83,038 $ (3,494,034) $ (699,656) $ (5,145,268) $ (1,160,710)
Compensation Actually Paid Total
$ 12,578,908 $ 2,958,736 $ 1,305,337 $ 1,162,789 $ 9,360,617 $ 2,712,581 $ 5,864,813 $ 1,956,017 $ 4,314,746 $ 456,741
(a)
Fair value or change in fair value, as applicable, of equity awards in the “Compensation Actually Paid” columns was determined by reference to (i) for solely time-vested restricted shares awards, the closing price per share on the applicable year-end date(s) or, in the case of vesting dates, the closing price per share on the applicable vesting dates and (ii) for market-based performance share units, the fair value calculated by a Monte Carlo simulation model as of the applicable year-end date(s). For additional information on the assumptions used to calculate the valuation of the awards, see the Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the fiscal year ended 2025 and prior fiscal years.
(3)
For the relevant fiscal year, represents the cumulative TSR of the Company and of the Dow Jones U.S. Select Real Estate Hotels Index (the “Peer Group TSR”).
(4)
Comparable Hotel Earnings Before Interest, Taxes, Depreciation, and Amortization (“EBITDA”) is a non-GAAP measure. Hotel EBITDA is defined as net income or loss excluding: (1) interest expense; (2) income tax benefit or expense; (3) depreciation and amortization expense; (4) certain items considered outside the normal course of operations; (5) corporate-level expenses; and (6) certain non-cash items to provide a more complete understanding of the operating results over which individual hotels and operators have direct control. Comparable Hotel EBITDA adjusts Hotel EBITDA to include the operating results for all hotels owned as of the last day of the reporting period, which includes operating results derived from information provided by the sellers of the hotels for periods prior to our ownership and excludes the operating results from sold hotels that were not owned as of December 31, 2025. The Comparable Hotel EBITDA reported in the prior year for the years 2024, 2023, 2022, and 2021 was $398.0 million, 402.1 million, $370.7 million, and $202.8 million, respectively, and were recast as of December 31, 2025 to reflect the adjustments noted above. The following table provides a reconciliation of GAAP net income (loss) to Comparable Hotel EBITDA for the years ended December 31, 2025, 2024, 2023, 2022 and 2021 (in thousands):
For the year ended December 31,
2025
2024
2023
2022
2021
Net income (loss) $ 28,554 $ 68,191 $ 76,617 $ 42,215 $ (311,088)
Depreciation and amortization 186,356 179,431 179,103 184,875 187,778
Interest expense, net of interest income 98,718 94,044 79,064 88,596 105,370
Income tax expense 1,148 1,599 1,256 1,518 1,188
Adjustments related to unconsolidated joint ventures(a) 1,512 1,390 1,374 1,519 1,633
EBITDA
316,288 344,655 337,414 318,723 (15,119)
Loss (gain) on sale of hotel properties, net 1,526 (8,262) 34 (1,017) 2,378
Impairment losses 144,845
EBITDAre
317,814 336,393 337,448 317,706 132,104
Transaction costs 410 320 223 (345) 94
Pre-opening costs 874 1,335 1,351 2,258 144
Loss (gain) on extinguishment of indebtedness, net 47 129 169 39 (893)
Amortization of share-based compensation 15,340 20,804 24,285 21,664 17,054
Corporate and property-level severance(b) 904
Derivative (gains) losses in accumulated other comprehensive loss (income) reclassified to earnings(c) (5,866) 10,658
Other expenses(d) 130 2,641 996 1,067 1,942
Adjusted EBITDA
334,615 361,622 364,472 336,523 162,007
General and administrative(e) 32,304 34,000 34,713 34,666 30,472
Other corporate adjustments(f) 2,159 3,133 3,031 (569) (784)
Consolidated Hotel EBITDA
369,078 398,755 402,216 370,620 191,695
Comparable adjustments—(income) loss from sold hotels (5,562) (7,240) (9,895) (9,356) 495
Comparable adjustments-income from acquired hotels 525 2,551 3,181 5,272
Comparable Hotel EBITDA
$ 363,516 $ 392,040 $ 394,871 $ 364,445 $ 197,462
Note:
(a)
Includes our ownership interest in the interest, depreciation, and amortization expense of the unconsolidated joint ventures.
(b)
The year ended December 31, 2021 includes severance for associates at hotels operating under collective bargaining agreements.
(c)
Reclassification of interest rate swap (gains) losses from accumulated other comprehensive income (loss) to earnings for discontinued interest rate hedges.
(d)
Represents expenses and income outside of the normal course of operations including debt modification costs, legal and other costs, and hurricane-related costs that were not reimbursed by insurance. Other expense for the year ended December 31, 2023 includes one-time management company transition costs.
(e)
Excludes amortization of share-based compensation costs reflected in Adjusted EBITDA.
(f)
Other corporate adjustments include property-level adjustments and certain revenues and expenses at corporate entities. These items include interest income, amortization of deferred management fees, key money amortization, ground rent amortization, legal fees, revenues and expenses associated with non-hotel properties, income (loss) from unconsolidated entities, internal lease rent expense, and other items.
       
Company Selected Measure Name Comparable Hotel EBITDA        
Named Executive Officers, Footnote
(1)
For each fiscal year, our PEO and other NEOs included the individuals indicated in the table below:
2021
2022
2023
2024
2025
PEO Ms. Hale Ms. Hale Ms. Hale Ms. Hale Ms. Hale
Other NEO Mr. Johnson Mr. Johnson Mr. Johnson Mr. Johnson Mr. Johnson
Other NEO Mr. Mahoney Mr. Mahoney Mr. Mahoney Mr. Mahoney Mr. Bardenett
Other NEO N/A Mr. Bardenett Mr. Bardenett Mr. Bardenett Mr. McKalip
Other NEO N/A N/A Mr. Perry Mr. Perry Mr. Bhalla
Other NEO N/A N/A N/A N/A Mr. Mahoney (1)
Other NEO N/A N/A N/A N/A Mr. Perry(1)
(1)
Mr. Mahoney retired from his position as Executive Vice President and Chief Financial Officer effective May 15, 2025 and Mr. Perry resigned from his position as Executive Vice President, General Counsel and Corporate Secretary, effective May 9, 2025.
       
Peer Group Issuers, Footnote
(3)
For the relevant fiscal year, represents the cumulative TSR of the Company and of the Dow Jones U.S. Select Real Estate Hotels Index (the “Peer Group TSR”).
       
PEO Total Compensation Amount $ 9,460,014 $ 9,358,847 $ 9,128,901 $ 8,354,370 $ 16,300,593
PEO Actually Paid Compensation Amount $ 4,314,746 5,864,813 9,360,617 1,305,337 12,578,908
Adjustment To PEO Compensation, Footnote
(2)
Compensation actually paid to our PEO and other NEOs represents the “Total” compensation reported in the SCT for the applicable fiscal year, adjusted as follows:
2021
2022
2023
2024
2025
PEO
Avg.
Other
NEOs
PEO
Avg.
Other
NEOs
PEO
Avg.
Other
NEOs
PEO
Avg.
Other
NEOs
PEO
Avg.
Other
NEOs
Summary Compensation Table Total(a) $ 16,300,593 $ 3,921,652 $ 8,354,370 $ 2,711,175 $ 9,128,901 $ 2,629,543 $ 9,358,847 $ 2,655,673 $ 9,460,014 $ 1,617,451
Deduct equity award value reported in the SCT $ (13,904,935) $ (2,782,664) $ (5,801,717) $ (1,499,005) $ (6,510,572) $ (1,517,090) $ (6,889,568) $ (1,550,734) $ (6,900,250) $ (853,457)
Add year-end fair
value (FV) of
awards granted
during the FY that
remain unvested
as of FY end
$ 12,109,960 $ 2,418,637 $ 3,856,627 $ 997,491 $ 6,435,620 $ 1,563,706 $ 5,646,724 $ 1,270,989 $ 5,532,449 $ 548,122
Change in year-end FV of prior year awards remaining unvested at FY end
$ (2,009,371) $ (625,069) $ (5,344,802) $ (1,110,460) $ (63,330) $ (34,939) $ (2,058,887) $ (407,286) $ (3,759,018) $ (368,117)
Change in FV from
prior FY end of
prior-year awards
that vested during
FY
$ 39,270 $ 14,648 $ 98,371 $ 29,130 $ 111,356 $ 25,809 $ (525,204) $ (82,315) $ (445,718) $ (99,108)
Deduct year-end FV of prior year awards forfeited during FY
$ $ $ $ $ $ $ $ $ $ (446,094)
Add dividends or other earnings paid during FY prior to vesting date
$ 43,391 $ 11,532 $ 142,488 $ 34,458 $ 258,642 $ 45,552 $ 332,901 $ 69,690 $ 427,269 $ 57,944
Total adjustments
$ (3,721,685) $ (962,916) $ (7,049,033) $ (1,548,386) $ 231,716 $ 83,038 $ (3,494,034) $ (699,656) $ (5,145,268) $ (1,160,710)
Compensation Actually Paid Total
$ 12,578,908 $ 2,958,736 $ 1,305,337 $ 1,162,789 $ 9,360,617 $ 2,712,581 $ 5,864,813 $ 1,956,017 $ 4,314,746 $ 456,741
(a)
Fair value or change in fair value, as applicable, of equity awards in the “Compensation Actually Paid” columns was determined by reference to (i) for solely time-vested restricted shares awards, the closing price per share on the applicable year-end date(s) or, in the case of vesting dates, the closing price per share on the applicable vesting dates and (ii) for market-based performance share units, the fair value calculated by a Monte Carlo simulation model as of the applicable year-end date(s). For additional information on the assumptions used to calculate the valuation of the awards, see the Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the fiscal year ended 2025 and prior fiscal years.
       
Non-PEO NEO Average Total Compensation Amount $ 1,617,451 2,655,673 2,629,543 2,711,175 3,921,652
Non-PEO NEO Average Compensation Actually Paid Amount $ 456,741 1,956,017 2,712,581 1,162,789 2,958,736
Adjustment to Non-PEO NEO Compensation Footnote
(2)
Compensation actually paid to our PEO and other NEOs represents the “Total” compensation reported in the SCT for the applicable fiscal year, adjusted as follows:
2021
2022
2023
2024
2025
PEO
Avg.
Other
NEOs
PEO
Avg.
Other
NEOs
PEO
Avg.
Other
NEOs
PEO
Avg.
Other
NEOs
PEO
Avg.
Other
NEOs
Summary Compensation Table Total(a) $ 16,300,593 $ 3,921,652 $ 8,354,370 $ 2,711,175 $ 9,128,901 $ 2,629,543 $ 9,358,847 $ 2,655,673 $ 9,460,014 $ 1,617,451
Deduct equity award value reported in the SCT $ (13,904,935) $ (2,782,664) $ (5,801,717) $ (1,499,005) $ (6,510,572) $ (1,517,090) $ (6,889,568) $ (1,550,734) $ (6,900,250) $ (853,457)
Add year-end fair
value (FV) of
awards granted
during the FY that
remain unvested
as of FY end
$ 12,109,960 $ 2,418,637 $ 3,856,627 $ 997,491 $ 6,435,620 $ 1,563,706 $ 5,646,724 $ 1,270,989 $ 5,532,449 $ 548,122
Change in year-end FV of prior year awards remaining unvested at FY end
$ (2,009,371) $ (625,069) $ (5,344,802) $ (1,110,460) $ (63,330) $ (34,939) $ (2,058,887) $ (407,286) $ (3,759,018) $ (368,117)
Change in FV from
prior FY end of
prior-year awards
that vested during
FY
$ 39,270 $ 14,648 $ 98,371 $ 29,130 $ 111,356 $ 25,809 $ (525,204) $ (82,315) $ (445,718) $ (99,108)
Deduct year-end FV of prior year awards forfeited during FY
$ $ $ $ $ $ $ $ $ $ (446,094)
Add dividends or other earnings paid during FY prior to vesting date
$ 43,391 $ 11,532 $ 142,488 $ 34,458 $ 258,642 $ 45,552 $ 332,901 $ 69,690 $ 427,269 $ 57,944
Total adjustments
$ (3,721,685) $ (962,916) $ (7,049,033) $ (1,548,386) $ 231,716 $ 83,038 $ (3,494,034) $ (699,656) $ (5,145,268) $ (1,160,710)
Compensation Actually Paid Total
$ 12,578,908 $ 2,958,736 $ 1,305,337 $ 1,162,789 $ 9,360,617 $ 2,712,581 $ 5,864,813 $ 1,956,017 $ 4,314,746 $ 456,741
(a)
Fair value or change in fair value, as applicable, of equity awards in the “Compensation Actually Paid” columns was determined by reference to (i) for solely time-vested restricted shares awards, the closing price per share on the applicable year-end date(s) or, in the case of vesting dates, the closing price per share on the applicable vesting dates and (ii) for market-based performance share units, the fair value calculated by a Monte Carlo simulation model as of the applicable year-end date(s). For additional information on the assumptions used to calculate the valuation of the awards, see the Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the fiscal year ended 2025 and prior fiscal years.
       
Compensation Actually Paid vs. Total Shareholder Return
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Compensation Actually Paid vs. Net Income
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Compensation Actually Paid vs. Company Selected Measure
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Total Shareholder Return Vs Peer Group
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Tabular List, Table
Pay Versus Performance Tabular List
The following performance measures represent the most important financial measures used by us to link compensation actually paid to our PEO and other NEOs for the fiscal year ended December 31, 2025:

Comparable Hotel EBITDA;

Revenue Per Available Room (“RevPAR”); and

Total Shareholder Return
       
Total Shareholder Return Amount $ 62.88 63.8 69.69 60.86 79.15
Peer Group Total Shareholder Return Amount 109.44 85.8 89.79 72.15 85.25
Net Income (Loss) $ 29,000,000 $ 68,000,000 $ 77,000,000 $ 42,000,000 $ (311,000,000)
Company Selected Measure Amount 364,000,000 392,000,000 395,000,000 364,000,000 197,000,000
PEO Name Ms. Hale        
Operating Income (Loss)   $ 398,000,000 $ 402,100,000 $ 370,700,000 $ 202,800,000
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 28,554 68,191 76,617 42,215 (311,088)
Depreciation, Depletion and Amortization 186,356 179,431 179,103 184,875 187,778
Interest Income (Expense), Operating 98,718 94,044 79,064 88,596 105,370
Income Tax Expense (Benefit) 1,148 1,599 1,256 1,518 1,188
Adjustments Related To Equity Method Investments 1,512 1,390 1,374 1,519 1,633
Earnings Before Interest, Taxes, Depreciation And Amortization 316,288 344,655 337,414 318,723 (15,119)
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property 1,526 (8,262) 34 (1,017) 2,378
Impairment of Real Estate 144,845
Earnings Before Interest, Taxes, Depreciation and Amortization for Real Estate 317,814 336,393 337,448 317,706 132,104
Business Combination, Acquisition-Related Cost, Expense 410 320 223 (345) 94
Pre-Opening Costs 874 1,335 1,351 2,258 144
Gain (Loss) on Extinguishment of Debt 47 129 169 39 (893)
Share-Based Payment Arrangement, Noncash Expense 15,340 20,804 24,285 21,664 17,054
Corporate and property-level severance 904
Other Comprehensive Income (Loss), Cash Flow Hedge, Reclassification for Discontinuance, before Tax (5,866) 10,658
Other Nonoperating Income (Expense) 130 2,641 996 1,067 1,942
Adjusted Earnings Before Interest, Taxes, Depreciation And Amortization 334,615 361,622 364,472 336,523 162,007
General and Administrative Expense 32,304 34,000 34,713 34,666 30,472
Other Corporate Adjustments 2,159 3,133 3,031 (569) (784)
Consolidated Earnings Before Interest, Taxes, Depreciation And Amortization 369,078 398,755 402,216 370,620 191,695
Comparable Adjustments-(Income) Loss from Sold Hotels (5,562) (7,240) (9,895) (9,356) 495
Comparable Adjustments-Income (Loss) from Acquired Hotels 525 2,551 3,181 5,272
Comparable Earnings Before Interest, Taxes, Depreciation And Amortization $ 363,516 392,040 394,871 364,445 197,462
Measure:: 1          
Pay vs Performance Disclosure          
Name Comparable Hotel EBITDA        
Non-GAAP Measure Description
(4)
Comparable Hotel Earnings Before Interest, Taxes, Depreciation, and Amortization (“EBITDA”) is a non-GAAP measure. Hotel EBITDA is defined as net income or loss excluding: (1) interest expense; (2) income tax benefit or expense; (3) depreciation and amortization expense; (4) certain items considered outside the normal course of operations; (5) corporate-level expenses; and (6) certain non-cash items to provide a more complete understanding of the operating results over which individual hotels and operators have direct control. Comparable Hotel EBITDA adjusts Hotel EBITDA to include the operating results for all hotels owned as of the last day of the reporting period, which includes operating results derived from information provided by the sellers of the hotels for periods prior to our ownership and excludes the operating results from sold hotels that were not owned as of December 31, 2025. The Comparable Hotel EBITDA reported in the prior year for the years 2024, 2023, 2022, and 2021 was $398.0 million, 402.1 million, $370.7 million, and $202.8 million, respectively, and were recast as of December 31, 2025 to reflect the adjustments noted above. The following table provides a reconciliation of GAAP net income (loss) to Comparable Hotel EBITDA for the years ended December 31, 2025, 2024, 2023, 2022 and 2021 (in thousands):
For the year ended December 31,
2025
2024
2023
2022
2021
Net income (loss) $ 28,554 $ 68,191 $ 76,617 $ 42,215 $ (311,088)
Depreciation and amortization 186,356 179,431 179,103 184,875 187,778
Interest expense, net of interest income 98,718 94,044 79,064 88,596 105,370
Income tax expense 1,148 1,599 1,256 1,518 1,188
Adjustments related to unconsolidated joint ventures(a) 1,512 1,390 1,374 1,519 1,633
EBITDA
316,288 344,655 337,414 318,723 (15,119)
Loss (gain) on sale of hotel properties, net 1,526 (8,262) 34 (1,017) 2,378
Impairment losses 144,845
EBITDAre
317,814 336,393 337,448 317,706 132,104
Transaction costs 410 320 223 (345) 94
Pre-opening costs 874 1,335 1,351 2,258 144
Loss (gain) on extinguishment of indebtedness, net 47 129 169 39 (893)
Amortization of share-based compensation 15,340 20,804 24,285 21,664 17,054
Corporate and property-level severance(b) 904
Derivative (gains) losses in accumulated other comprehensive loss (income) reclassified to earnings(c) (5,866) 10,658
Other expenses(d) 130 2,641 996 1,067 1,942
Adjusted EBITDA
334,615 361,622 364,472 336,523 162,007
General and administrative(e) 32,304 34,000 34,713 34,666 30,472
Other corporate adjustments(f) 2,159 3,133 3,031 (569) (784)
Consolidated Hotel EBITDA
369,078 398,755 402,216 370,620 191,695
Comparable adjustments—(income) loss from sold hotels (5,562) (7,240) (9,895) (9,356) 495
Comparable adjustments-income from acquired hotels 525 2,551 3,181 5,272
Comparable Hotel EBITDA
$ 363,516 $ 392,040 $ 394,871 $ 364,445 $ 197,462
Note:
(a)
Includes our ownership interest in the interest, depreciation, and amortization expense of the unconsolidated joint ventures.
(b)
The year ended December 31, 2021 includes severance for associates at hotels operating under collective bargaining agreements.
(c)
Reclassification of interest rate swap (gains) losses from accumulated other comprehensive income (loss) to earnings for discontinued interest rate hedges.
(d)
Represents expenses and income outside of the normal course of operations including debt modification costs, legal and other costs, and hurricane-related costs that were not reimbursed by insurance. Other expense for the year ended December 31, 2023 includes one-time management company transition costs.
(e)
Excludes amortization of share-based compensation costs reflected in Adjusted EBITDA.
(f)
Other corporate adjustments include property-level adjustments and certain revenues and expenses at corporate entities. These items include interest income, amortization of deferred management fees, key money amortization, ground rent amortization, legal fees, revenues and expenses associated with non-hotel properties, income (loss) from unconsolidated entities, internal lease rent expense, and other items.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Revenue Per Available Room (“RevPAR”)        
Measure:: 3          
Pay vs Performance Disclosure          
Name Total Shareholder Return        
PEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (5,145,268) (3,494,034) 231,716 (7,049,033) (3,721,685)
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (6,900,250) (6,889,568) (6,510,572) (5,801,717) (13,904,935)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,532,449 5,646,724 6,435,620 3,856,627 12,109,960
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,759,018) (2,058,887) (63,330) (5,344,802) (2,009,371)
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (445,718) (525,204) 111,356 98,371 39,270
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 427,269 332,901 258,642 142,488 43,391
PEO | Equity Awards Adjustments Change In Fair Value Of Awards Granted In Prior Years Forfeited During Current Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount
Non-PEO NEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,160,710) (699,656) 83,038 (1,548,386) (962,916)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (853,457) (1,550,734) (1,517,090) (1,499,005) (2,782,664)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 548,122 1,270,989 1,563,706 997,491 2,418,637
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (368,117) (407,286) (34,939) (1,110,460) (625,069)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (99,108) (82,315) 25,809 29,130 14,648
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 57,944 69,690 45,552 34,458 11,532
Non-PEO NEO | Equity Awards Adjustments Change In Fair Value Of Awards Granted In Prior Years Forfeited During Current Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (446,094)