v3.26.3
Equity Incentive Plans (Tables)
 9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Awards A summary of our restricted stock awards from January 1, 2026 to September 30, 2026 is as follows:
Number of
Shares		Weighted-
Average Grant
Date Fair
Value
Unvested balance at January 1, 2026841,105 $8.49 
Granted471,563 9.92 
Vested(424,935)8.68 
Unvested balance at September 30, 2026887,733 $9.16 
Schedule of Fair Value Assumptions The determination of the grant-date fair values of our outstanding PSUs as of September 30, 2026 included the following assumptions:
Award Grant DateVolatilityRisk-Free RateTotal Stockholder Return PSUs
Hotel Market Share PSUs (1)
August 9, 202273.3%3.20%$9.65$9.32
May 7, 202436.5%4.64%$8.03$8.72
March 3, 202532.0%3.93%$10.53N/A
March 30, 202627.7%3.83%$10.27N/A
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(1)There were no hotel market share PSUs granted in 2025 and 2026.
Schedule of Nonvested Performance-based Units Activity
A summary of our PSUs from January 1, 2026 to September 30, 2026 is as follows:
Number of
Target Units		Weighted-
Average Grant
Date Fair
Value
Unvested balance at January 1, 20261,467,411 $9.31 
Granted501,598 10.27 
Additional units from dividends38,971 11.78 
Vested (1)
(399,570)9.01 
Unvested balance at September 30, 20261,608,410 $9.74 
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(1)The number of shares of common stock earned for the PSUs vested in 2026 was equal to 102.21% of the PSU Target Award.
Schedule of LTIP Units
A summary of our LTIP units from January 1, 2026 to September 30, 2026 is as follows:
Number of UnitsWeighted-
Average Grant
Date Fair
Value
Unvested balance at January 1, 202693,418 $8.90 
Vested (1)
(46,709)8.90 
Unvested balance at September 30, 202646,709 $8.90 
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(1)As of September 30, 2026, all vested LTIP units have achieved economic parity with common OP units and have been converted to common OP units.