Real Estate Properties (Tables)

3 Months Ended

Mar. 31, 2025

Real Estate [Abstract]

Schedule of Sale of Properties and Major Class Of Assets And Liabilities By Investments Segments

The sales of these properties as presented in the table below do not represent significant dispositions, individually or in the aggregate, nor do they represent a strategic shift in our business. As a result, the results of the operations of these properties are included in continuing operations through the date of sale in our condensed consolidated statements of comprehensive income (loss).

Quarter Sold	Property Type	Number of Properties	Rooms or Suites / Square Feet	Gross Sales Price (1)		Gain on Sale of Real Estate, net
Q1 2025	Hotel	4	514	$	19,600	$	403
Q1 2025	Net Lease	3	103,043	3,100		343
		7	514 / 103,043	$	22,700	$	746

(1)Gross sales price is the gross contract price, excluding closing costs.

The following table summarizes the major class of assets and liabilities by our hotel investments and net lease investments segments as of March 31, 2025:

	As of March 31, 2025
	Hotels		Net Lease		Total
Assets of properties held for sale:
Real estate properties, net	$	846,594	$	1,092	$	847,686
Other assets, net (1)	23,754		24		23,778
Total assets of properties held for sale	$	870,348	$	1,116	$	871,464
Liabilities of properties held for sale:
Accounts payable and other liabilities	$	8,849	$	51	$	8,900
Total liabilities of properties held for sale	$	8,849	$	51	$	8,900

(1) Other assets, net includes working capital of $15,556 for our hotel investments segment as described in Note 6.