v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of revenues for our hotel ownership segment reconciled
The following table presents revenues for our hotel ownership segment reconciled to our consolidated amounts and Hotel Adjusted EBITDA reconciled to consolidated net income (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenues:
Hotel ownership revenue$318,286 $305,720 $576,448 $560,573 
Total consolidated revenue318,286 305,720 576,448 560,573 
Significant expenses:
Rooms expense46,982 47,272 89,305 91,115 
Food and beverage expense50,826 50,548 96,726 96,965 
Other departmental and support expenses70,594 68,719 136,782 134,005 
Management fees9,263 7,804 14,671 13,219 
Franchise fees10,549 10,003 19,804 19,051 
Property taxes6,843 16,663 21,863 30,944 
Total significant expenses195,057 201,009 379,151 385,299 
Other segment expenses:
Other hotel expenses(1)
9,506 9,351 17,418 18,250 
Hotel Adjusted EBITDA:113,723 95,360 179,879 157,024 
Non-cash lease expense and other amortization1,347 1,284 2,575 2,583 
Hotel pre-opening and manager transition items— 321 — 344 
Depreciation and amortization28,841 28,156 57,381 56,048 
Corporate expenses10,192 9,465 17,959 17,148 
Interest expense14,442 14,868 29,132 30,026 
Interest income(654)(802)(1,203)(1,583)
Other (income) expense, net(1,292)38 (1,391)(645)
Gain on sale of hotel, net(31,591)— (31,591)— 
Income tax expense1,680 991 1,726 149 
Consolidated net income:$90,758 $41,039 $105,291 $52,954 
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(1)Other hotel expenses is principally comprised of cash payments for leases and property insurance.
Schedule of reconciliation of total assets for our hotel ownership segment
The following table presents total assets for our hotel ownership segment, reconciled to total consolidated assets (in thousands):

June 30, 2026December 31, 2025
Hotel ownership$2,920,573 $2,908,811 
All other145,718 94,890 
Total assets$3,066,291 $3,003,701