v3.25.1
Segment Reporting - Reconciliation (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Depreciation and amortization $ (23,395) $ (25,420)
Advisory services fee (6,611) (6,700)
Corporate general and administrative (2,894) 2,226
Equity in earnings (loss) of unconsolidated entity 0 (49)
Interest income 1,888 796
Interest expense and amortization of discounts and loan costs (24,827) (26,491)
Write-off of loan costs and exit fees (1,464) (721)
Realized and unrealized gain (loss) on derivatives (198) 932
Income tax (expense) benefit (1,467) (1,452)
NET INCOME (LOSS) 10,672 15,482
Direct Hotel Investments    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Hotel adjusted EBITDA 70,741 70,979
Ownership expenses included in property taxes, insurance and other (53) (59)
Depreciation and amortization (23,395) (25,420)
Advisory services fee (6,611) (6,700)
Corporate general and administrative (2,894) 2,226
Equity in earnings (loss) of unconsolidated entity 0 (49)
Interest income 1,888 796
Interest expense and amortization of discounts and loan costs (24,827) (26,491)
Write-off of loan costs and exit fees (1,464) (721)
Realized and unrealized gain (loss) on derivatives (198) 932
Income tax (expense) benefit (1,467) (1,452)
NET INCOME (LOSS) 10,672 15,482
Direct Hotel Investments | Other hotel    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Cost of goods and service, adjusted (875) 1,551
Direct Hotel Investments | Management fees    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Cost of goods and service, adjusted $ (173) $ (110)