v3.26.1
Dispositions, Impairment Charges and Assets Held For Sale - Schedule of Hotel Disposition and Assets Held for Sale (Details) - Disposal Group, Disposed of by Sale, Not Discontinued Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Real Estate Properties [Line Items]      
Total hotel revenue $ 27,112 $ 102,694 $ 314,938
Total hotel operating expenses (21,205) (72,758) (215,729)
Property taxes, insurance and other (1,993) (7,691) (19,045)
Depreciation and amortization (6,801) (14,363) (45,103)
Impairment charges (19,821) 0 0
Total operating expenses (49,820) (94,812) (279,877)
Gain (loss) on consolidation of VIE and disposition of assets and hotel properties 73,100 94,406 10,279
Gain (loss) on derecognition of assets 39,054 167,177 0
Operating income (loss) 89,446 269,465 45,340
Interest income 86 419 435
Interest expense and amortization of discounts and loan costs (7,227) (23,129) (52,971)
Interest expense associated with hotels in receivership (39,038) (45,592) (39,178)
Write-off of premiums, loan costs and exit fees (336) (959) (592)
Gain (loss) on extinguishment of debt 77 2,774 53,386
Income (loss) before income taxes 43,008 202,978 6,420
(Income) loss before income taxes attributable to redeemable noncontrolling interests in operating partnership (654) (2,385) (73)
Net income (loss) attributable to the Company $ 42,354 $ 200,593 $ 6,347