v3.26.1
Dispositions, Impairment Charges and Assets Held For Sale - Schedule of Hotel Disposition and Assets Held for Sale (Details) - Disposal Group, Disposed of by Sale, Not Discontinued Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Real Estate Properties [Line Items]        
Total hotel revenue $ 26,902 $ 65,347 $ 72,811 $ 125,990
Total hotel expenses (17,965) (43,050) (49,655) (83,569)
Property taxes, insurance and other (1,429) (3,712) (4,638) (7,772)
Depreciation and amortization (2,504) (8,808) (8,539) (18,139)
Impairment charges 0 (1,447) (33,101) (1,447)
Total operating expenses (21,898) (57,017) (95,933) (110,927)
Gain (loss) on disposition of assets and hotel properties 150,046 6,684 250,076 38,552
Gain (loss) on derecognition of assets 6,828 9,900 14,618 19,946
Operating income (loss) 161,878 24,914 241,572 73,561
Interest income 0 26 0 50
Interest expense and amortization of discounts and loan costs (5,306) (14,565) (15,059) (31,383)
Interest expense associated with hotels in receivership (7,607) (10,454) (15,427) (20,846)
Write-off of premiums, loan costs and exit fees (127) (877) (519) (1,599)
Gain (loss) on extinguishment of debt (1,950) 0 (1,975) 0
Income (loss) before income taxes 146,888 (956) 208,592 19,783
(Income) loss before income taxes attributable to redeemable noncontrolling interests in operating partnership (2,071) 15 (2,962) (324)
Net income (loss) attributable to the Company $ 144,817 $ (941) $ 205,630 $ 19,459