v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Total revenues $ 318,286 $ 305,720 $ 576,448 $ 560,573
Operating Expenses:        
Depreciation and amortization 28,841 28,156 57,381 56,048
Corporate expenses 10,419 9,465 18,262 17,148
Total operating expenses 244,943 249,586 474,484 479,672
Interest expense 14,442 14,868 29,132 30,026
Interest (income) and other (income) expense, net (1,946) (764) (2,594) (2,228)
Gain on sale of hotel property, net (31,591) 0 (31,591) 0
Income before income taxes 92,438 42,030 107,017 53,103
Income tax expense (1,680) (991) (1,726) (149)
Net income 90,758 41,039 105,291 52,954
Less: Net income attributable to noncontrolling interests (278) (204) (347) (262)
Net income attributable to the Company 90,480 40,835 104,944 52,692
Distributions to preferred stockholders 0 (2,454) 0 (4,908)
Net income attributable to common stockholders $ 90,480 $ 38,381 $ 104,944 $ 47,784
Earnings per share:        
Earnings per share available to common stockholders—basic (in dollars per share) $ 0.44 $ 0.19 $ 0.51 $ 0.23
Earnings per share available to common stockholders—diluted (in dollars per share) $ 0.44 $ 0.18 $ 0.51 $ 0.23
Comprehensive Income:        
Net income $ 90,758 $ 41,039 $ 105,291 $ 52,954
Other comprehensive income:        
Unrealized gain (loss) on interest rate derivative instruments 1,855 (1,293) 3,561 (3,841)
Unrealized gain on Rabbi Trust assets 497 338 402 392
Amounts reclassified from accumulated other comprehensive income (23) (11) (45) (684)
Comprehensive income 93,087 40,073 109,209 48,821
Comprehensive income attributable to noncontrolling interests (285) (199) (361) (241)
Comprehensive income attributable to the Company 92,802 39,874 108,848 48,580
Rooms        
Revenues:        
Total revenues 207,669 198,237 371,754 361,355
Operating Expenses:        
Operating expenses 46,982 47,272 89,305 91,115
Food and beverage        
Revenues:        
Total revenues 80,780 78,828 147,946 145,669
Operating Expenses:        
Operating expenses 50,826 50,548 96,726 96,965
Other        
Revenues:        
Total revenues 29,837 28,655 56,748 53,549
Operating Expenses:        
Operating expenses 70,594 68,719 136,782 134,005
Management fees        
Operating Expenses:        
Operating expenses 8,866 7,406 13,877 12,424
Franchise fees        
Operating Expenses:        
Operating expenses 10,549 10,003 19,804 19,051
Other property-level expenses        
Operating Expenses:        
Operating expenses $ 17,866 $ 28,017 $ 42,347 $ 52,916