Revenue Recognition |
6 Months Ended |
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Jun. 30, 2026 | |
| Revenue from Contract with Customer [Abstract] | |
| Revenue Recognition | Note 3. Revenue Recognition We recognize in our condensed consolidated statements of comprehensive income (loss), hotel operating revenues, consisting primarily of room and food and beverage sales, when goods and services are provided. We recognize rental income from operating leases on a straight line basis over the terms of the lease agreements in our condensed consolidated statements of comprehensive income (loss). We increased rental income by $1,878 and $2,683 for the three months ended June 30, 2026 and 2025, respectively, and increased rental income by $3,309 and $6,561 for the six months ended June 30, 2026 and 2025, respectively, to record scheduled rent changes under certain of our leases on a straight line basis. Other assets, net, includes $105,138 and $98,729 of straight line rent receivables at June 30, 2026 and December 31, 2025, respectively. Certain of our lease agreements require additional percentage rent if gross revenues of our properties exceed certain thresholds defined in our lease agreements. We may determine percentage rent due to us under our leases monthly, quarterly or annually, depending on the specific lease terms, and recognize it when all contingencies are met and the rent is earned. We recorded percentage rent of $455 and $501 for the three months ended June 30, 2026 and 2025, respectively, and $1,395 and $1,347 for the six months ended June 30, 2026 and 2025, respectively.
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