COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Mar. 31, 2025 |
Mar. 31, 2024 |
|
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 | $ 13.8 | $ 13.4 |
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 | $ 4.5 | $ 4.9 |