Hotel Dispositions (Tables)

12 Months Ended

Dec. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Condensed Consolidated Financial Information from Hotel Property

The following table includes the consolidated financial information from the disposed hotel properties (in thousands):

	Year Ended December 31,
	2025		2024		2023
Total hotel revenue	$	61,324	$	103,066	$	124,097
Total hotel operating expenses	(38,868)		(66,953)		(77,536)
Property taxes, insurance and other	(4,419)		(7,861)		(7,807)
Depreciation and amortization	(9,193)		(18,292)		(21,213)
Gain (loss) on disposition of assets and hotel properties	82,870		88,115		—
Operating income (loss)	91,714		98,075		17,541
Interest income	302		636		556
Interest expense and amortization of loan costs	(8,015)		(17,391)		(21,517)
Write-off of loan costs and exit fees	(263)		(107)		(18)
Gain (loss) on extinguishment of debt	(2,687)		—		—
Income (loss) before income taxes	81,051		81,213		(3,438)
Income from consolidated entities attributable to noncontrolling interests	—		(27,995)		(3,335)
(Income) loss before income taxes attributable to redeemable noncontrolling interests in operating partnership	(5,571)		(4,244)		464
Income (loss) before income taxes attributable to the Company	$	75,480	$	48,974	$	(6,309)