v3.26.1
Subsequent Events
3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On April 7, 2026, the Company completed the sale of the 160-room Embassy Suites Palm Beach Gardens located in Palm Beach Gardens, Florida for a purchase price of $41.0 million, subject to customary pro rations and adjustments.
On April 8, 2026, the Company entered into a definitive agreement to sell the 358-room Hyatt Regency Long Island located in Hauppauge, New York for a purchase price of $26.1 million. The agreement included a nonrefundable deposit of $500,000 which was paid on April 13, 2026.
On April 8, 2026, the Company entered into a definitive agreement to sell the 144-room Silversmith Hotel located in Chicago, Illinois for a purchase price of $16.0 million. The agreement included a nonrefundable deposit of $200,000 which was paid on April 17, 2026.
On April 16, 2026, the Company entered into a definitive agreement to sell the 119-room Hilton Garden Inn Jacksonville located in Jacksonville, Florida for a purchase price of $11.3 million. The agreement included a nonrefundable deposit of $1.1 million which was paid on April 17, 2026.
On May 1, 2026, a $1.0 million nonrefundable deposit was paid by the buyer as part of a definitive agreement the Company entered into on March 26, 2026, to sell the 260-room Sheraton San Diego Mission Valley located in San Diego, California for a purchase price of $45.3 million.
On May 6, 2026, the Company completed the sale of the 150-room Embassy Suites Dallas located in Dallas, Texas for a purchase price of $17.0 million, subject to customary pro rations and adjustments.
On May 6, 2026, the Company entered into a definitive agreement to sell the 378-room Sheraton Indianapolis City Centre located in Indianapolis, Indiana for a purchase price of $18.5 million. The agreement included a nonrefundable deposit of $641,000 which was paid on May 8, 2026.