v3.26.1
Segment Information - Schedule of Segment Information (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Revenues:      
Hotel operating revenues $ 264,575 $ 334,963  
Rental income 99,876 100,216  
Total revenues 364,451 435,179  
Less (plus):      
Hotel operating expenses 242,644 305,840  
Other operating expenses 7,440 5,628  
Depreciation and amortization 75,843 89,100  
Interest expense 96,547 101,517  
Segment profit (loss) (151,178) (116,435)  
Reconciliation of segment profit or loss:      
General and administrative (8,796) (9,556)  
Interest income 943 1,249  
Interest expense 96,547 101,517  
Loss on early extinguishment of debt, net (51,871) 0  
Income tax benefit (1,181) (843)  
Equity in earnings (losses) of an investee (3,001) (3,947)  
Total assets 6,081,625   $ 6,491,580
Total capital expenditures 20,930 45,869  
Net Lease      
Reconciliation of segment profit or loss:      
Total capital expenditures 580 748  
Hotels      
Reconciliation of segment profit or loss:      
Total capital expenditures 20,350 45,121  
Operating segments      
Revenues:      
Hotel operating revenues 264,575 334,963  
Rental income 99,876 100,216  
Total revenues 364,451 435,179  
Less (plus):      
Management fees 11,900 14,572  
Real estate taxes and insurance 25,785 30,401  
Other operating expenses 104,982 132,267  
Depreciation and amortization 75,843 89,100  
Interest expense 15,792 12,126  
Other segment items 29,184 36,208  
Segment profit (loss) (6,452) (13,723)  
Reconciliation of segment profit or loss:      
Interest expense 15,792 12,126  
Operating segments | Room expenses      
Less (plus):      
Hotel operating expenses 67,112 93,909  
Operating segments | Food and beverage expenses      
Less (plus):      
Hotel operating expenses 40,305 40,319  
Operating segments | Net Lease      
Revenues:      
Hotel operating revenues 0 0  
Rental income 99,876 100,216  
Total revenues 99,876 100,216  
Less (plus):      
Management fees 2,771 2,087  
Real estate taxes and insurance 2,105 788  
Other operating expenses 2,564 2,753  
Depreciation and amortization 32,937 35,357  
Interest expense 15,792 12,126  
Other segment items 8,988 (490)  
Segment profit (loss) 34,719 47,595  
Reconciliation of segment profit or loss:      
Interest expense 15,792 12,126  
Total assets 2,865,157   2,902,699
Operating segments | Net Lease | Room expenses      
Less (plus):      
Hotel operating expenses 0 0  
Operating segments | Net Lease | Food and beverage expenses      
Less (plus):      
Hotel operating expenses 0 0  
Operating segments | Hotels      
Revenues:      
Hotel operating revenues 264,575 334,963  
Rental income 0 0  
Total revenues 264,575 334,963  
Less (plus):      
Management fees 9,129 12,485  
Real estate taxes and insurance 23,680 29,613  
Other operating expenses 102,418 129,514  
Depreciation and amortization 42,906 53,743  
Interest expense 0 0  
Other segment items 20,196 36,698  
Segment profit (loss) (41,171) (61,318)  
Reconciliation of segment profit or loss:      
Interest expense 0 0  
Total assets 3,066,762   3,107,967
Operating segments | Hotels | Room expenses      
Less (plus):      
Hotel operating expenses 67,112 93,909  
Operating segments | Hotels | Food and beverage expenses      
Less (plus):      
Hotel operating expenses 40,305 40,319  
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment      
Less (plus):      
Interest expense 80,755 89,391  
Reconciliation of segment profit or loss:      
General and administrative (8,796) (9,556)  
Transaction related costs (6) (29)  
Interest income 884 1,054  
Interest expense 80,755 89,391  
Loss on early extinguishment of debt, net (51,871)    
Income tax benefit (1,181) (843)  
Equity in earnings (losses) of an investee (3,001) $ (3,947)  
Corporate      
Reconciliation of segment profit or loss:      
Total assets $ 149,706   $ 480,914