v3.26.1
Segment Reporting - Schedule of Reconciliation of Operating Income (Loss) to Net Income (Loss) (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Revenue $ 267,732 $ 277,359
Depreciation and amortization (32,006) (37,339)
Impairment charges (112,649) 0
Advisory services fee (20,023) (11,545)
Corporate, general, and administrative (1,602) (4,332)
Gain (loss) on disposition of assets and hotel properties 100,030 31,868
Gain (loss) on derecognition of assets 7,790 10,046
Equity in earnings (loss) of unconsolidated entities (202) (431)
Interest income 922 1,214
Other income (expense), net 3,223 0
Interest expense associated with hotels in receivership (7,820) (10,046)
Write-off of premiums, loan costs and exit fees (1,254) (4,597)
Gain (loss) on extinguishment of debt (25) (13)
Realized and unrealized gain (loss) on derivatives 757 (2,740)
Income tax (expense) benefit (752) (317)
NET INCOME (LOSS) (65,457) (22,198)
Other    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Revenue 154 309
Food and beverage    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Revenue 51,570 54,529
Other hotel    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Revenue 15,983 16,220
Direct Hotel Investments    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Hotel adjusted EBITDA 76,805 78,473
Depreciation and amortization (32,006) (37,339)
Impairment charges (112,649) 0
Advisory services fee (20,023) (11,545)
Corporate, general, and administrative (1,602) (4,332)
Gain (loss) on disposition of assets and hotel properties 100,030 31,868
Gain (loss) on derecognition of assets 7,790 10,046
Equity in earnings (loss) of unconsolidated entities (202) (431)
Interest income 922 1,214
Other income (expense), net 3,223 0
Interest expense and amortization of discounts and loan costs (73,554) (66,802)
Interest expense associated with hotels in receivership (7,820) (10,046)
Write-off of premiums, loan costs and exit fees (1,254) (4,597)
Gain (loss) on extinguishment of debt (25) (13)
Realized and unrealized gain (loss) on derivatives 757 (2,740)
Income tax (expense) benefit (752) (317)
NET INCOME (LOSS) (65,457) (22,198)
Direct Hotel Investments | Other    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Revenue 154 309
Direct Hotel Investments | Food and beverage    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Revenue 51,570 54,529
Cost of goods and service, adjusted (83) 0
Direct Hotel Investments | Other hotel    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Revenue 15,983 16,220
Cost of goods and service, adjusted (4,891) (5,356)
Direct Hotel Investments | Property taxes, insurance and other    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Cost of goods and service, adjusted (177) (320)
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 $ (100) $ (270)