v3.25.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2025
Commitments and Contingencies.  
Schedule of basic and incentive management fees

Total basic management and incentive management fees were included in other property-level expenses on the Company’s consolidated statements of operations as follows (unaudited and in thousands):

Three Months Ended March 31,

    

2025

    

2024

Basic management fees

$

6,397

$

5,974

Incentive management fees

1,585

3,029

Total basic and incentive management fees

$

7,982

$

9,003

Schedule of license and franchise costs

Total license and franchise fees were included in franchise costs on the Company’s consolidated statements of operations as follows (unaudited and in thousands):

Three Months Ended March 31,

    

2025

    

2024

Franchise assessments (1)

$

4,061

$

3,882

Franchise royalties

398

323

Total franchise costs

$

4,459

$

4,205

(1)Includes advertising, reservation and frequent guest program assessments.
Schedule of hotel geographic concentration of risk

As of March 31, 2025, our hotels were geographically concentrated as follows (unaudited):

Trailing 12-Month

Percentage of

Total Consolidated

    

Number of Hotels

    

Total Rooms

    

Revenue

    

Northern California

3

14

%  

21

%  

Southern California

2

22

%  

22

%  

Florida

3

17

%  

12

%  

Hawaii

1

8

%  

15

%  

Washington, DC

1

11

%  

10

%