Subsequent Events |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Subsequent Events On July 1, 2026, the Company completed the sale of the 357-room Marriott Fremont Silicon Valley located in Fremont, California, for a purchase price of $53.0 million, subject to customary pro rations and adjustments. On July 24, 2026, the Company entered into a definitive agreement to sell the 150-room Embassy Suites Dulles located in Herndon, Virginia for a purchase price of $22.8 million. The agreement included a nonrefundable deposit of $500,000 which was paid in July 2026. On July 27, 2026, the Company entered into a definitive agreement to sell the 263-room Embassy Suites Philadelphia located in Philadelphia, Pennsylvania for a purchase price of $26.0 million. The agreement included a nonrefundable deposit of $500,000 which was paid in July 2026. On July 31, 2026, the Company completed the sale of the 358-room Hyatt Regency Long Island located in Hauppauge, New York, for a purchase price of $26.5 million in cash, subject to customary pro rations and adjustments.
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