v3.26.1
Leases and Management Agreements - Sonesta Agreement (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Aug. 01, 2025
USD ($)
renewalOption
Jun. 30, 2026
USD ($)
property
room
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
property
room
Jun. 30, 2025
USD ($)
Aug. 03, 2026
property
key
Jul. 31, 2026
property
key
Mar. 31, 2026
property
Dec. 31, 2025
USD ($)
Management Agreements and Leases [Line Items]                  
Capital improvements from leased facilities, funded       $ 76,863 $ 107,991        
Due from related persons   $ 17,749   $ 17,749         $ 241
Disposal Group, Disposed of By Sale, Not Discontinued Operations | Real Estate Dispositions                  
Management Agreements and Leases [Line Items]                  
Number of properties | property   20   20          
Sonesta Agreement                  
Management Agreements and Leases [Line Items]                  
Percentage of gross revenues from hotel operations placed into escrow       5.00%          
Escrow deposits   $ 0 $ 0 $ 0 0        
Hotel                  
Management Agreements and Leases [Line Items]                  
Number of properties | property   93   93          
Number of units related to real estate property | room   21,110   21,110          
Hotel | Disposal Group, Disposed of By Sale, Not Discontinued Operations | Real Estate Dispositions                  
Management Agreements and Leases [Line Items]                  
Number of properties | property               1  
Number of units related to real estate property | room   133   133          
Hotel | Disposal Group, Disposed of By Sale, Not Discontinued Operations | Real Estate Dispositions | Subsequent Event                  
Management Agreements and Leases [Line Items]                  
Number of properties | property           1      
Number of units related to real estate property | key           133      
Hotel | Sonesta Agreement                  
Management Agreements and Leases [Line Items]                  
Payment for additional return (as percent)   80.00%   80.00%          
Number of renewal options | renewalOption 2                
Term of renewal options (in years) 10 years                
Incentive fee (as percent) 20.00%                
Incentive threshold cap $ 194,248                
Brand promotion fee, percent of gross revenues 3.50%                
Loyalty fee, percent of room revenues 1.00%                
Construction management fee percentage 3.00%                
Termination, performance threshold period (in years) 2 years                
Realized returns under Sonesta agreement   $ 43,213 65,518 $ 54,080 83,687        
Related party transaction, management, marketing and reservation system fees   16,328 31,883 29,534 58,159        
Accrued incentive fee       887          
Procurement and construction supervision fees   280 625 677 1,246        
Capital improvements from leased facilities, funded   25,203 $ 37,246 43,900 $ 78,807        
Advanced working capital   31,702   31,702         31,835
Hotel | Sonesta Agreement | Subsequent Event                  
Management Agreements and Leases [Line Items]                  
Number of properties | property             53    
Hotel | Sonesta Agreement | Disposal Group, Disposed of By Sale, Not Discontinued Operations | Marketed Real Estate Dispositions | Subsequent Event                  
Management Agreements and Leases [Line Items]                  
Number of properties | property             14    
Number of units related to real estate property | key             2,889    
Hotel | Sonesta Agreement | Disposal Group, Disposed of By Sale, Not Discontinued Operations | Real Estate Dispositions | Subsequent Event                  
Management Agreements and Leases [Line Items]                  
Number of properties | property             1    
Number of units related to real estate property | key             133    
Hotel | Full Service Hotel | Sonesta Agreement                  
Management Agreements and Leases [Line Items]                  
Base management fee, percent of gross revenues 3.00%                
Loyalty fee, percent of qualified room revenues 4.50%                
Centralized service fee $ 1,100                
Hotel | Limited Services Hotel | Sonesta Agreement                  
Management Agreements and Leases [Line Items]                  
Base management fee, percent of gross revenues 5.00%                
Loyalty fee, percent of qualified room revenues 2.50%                
Centralized service fee $ 250                
Hotel | Select Service Hotels | Sonesta Agreement                  
Management Agreements and Leases [Line Items]                  
Base management fee, percent of gross revenues 5.00%                
Loyalty fee, percent of qualified room revenues 3.00%                
Centralized service fee $ 250                
Sonesta International Hotels Corporation | Hotel                  
Management Agreements and Leases [Line Items]                  
Due to related party, reimbursement of capital expenditures and other   7,790   7,790         39,509
Sonesta International Hotels Corporation | Hotel | Return Of Capital                  
Management Agreements and Leases [Line Items]                  
Annual priority return under Sonesta agreement   197,362   197,362          
Due from related persons   $ 17,749   $ 17,749         $ 241
Sonesta International Hotels Corporation | Hotel | Real Estate Assets at Cost | Credit Concentration                  
Management Agreements and Leases [Line Items]                  
Percentage of historical real estate investments       40.90%          
Sonesta International Hotels Corporation | Hotel | Full Service Hotel                  
Management Agreements and Leases [Line Items]                  
Number of real estate properties leased or managed | property   39   39          
Sonesta International Hotels Corporation | Hotel | Limited Services Hotel                  
Management Agreements and Leases [Line Items]                  
Number of real estate properties leased or managed | property   22   22          
Sonesta International Hotels Corporation | Hotel | Select Service Hotels                  
Management Agreements and Leases [Line Items]                  
Number of real estate properties leased or managed | property   7   7