v3.26.3
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Total revenues $ 297,605 $ 285,384 $ 874,053 $ 845,957
Operating Expenses:        
Depreciation and amortization 28,530 28,340 85,911 84,388
Impairment losses 0 1,076 0 1,076
Corporate expenses 10,925 8,567 29,187 25,715
Total operating expenses 246,476 241,614 720,960 721,286
Interest expense 14,648 17,111 43,780 47,137
Interest (income) and other (income) expense, net (1,264) (2,298) (3,858) (4,526)
Loss (gain) on sale of hotel property, net 239 0 (31,352) 0
Loss on debt extinguishment 0 5,850 0 5,850
Income before income taxes 37,506 23,107 144,523 76,210
Income tax expense (4,097) (469) (5,823) (618)
Net income 33,409 22,638 138,700 75,592
Less: Net income attributable to noncontrolling interests (88) (113) (435) (375)
Net income attributable to the Company 33,321 22,525 138,265 75,217
Distributions to preferred stockholders 0 (2,454) 0 (7,362)
Net income attributable to common stockholders $ 33,321 $ 20,071 $ 138,265 $ 67,855
Earnings per share:        
Earnings per share available to common stockholders—basic (in dollars per share) $ 0.16 $ 0.10 $ 0.67 $ 0.33
Earnings per share available to common stockholders—diluted (in dollars per share) $ 0.16 $ 0.10 $ 0.67 $ 0.33
Comprehensive Income:        
Net income $ 33,409 $ 22,638 $ 138,700 $ 75,592
Other comprehensive income:        
Unrealized gain (loss) on interest rate derivative instruments 6,514 (664) 10,075 (4,505)
Unrealized (loss) gain on Rabbi Trust assets (39) 215 363 607
Amounts reclassified from accumulated other comprehensive income (11) (15) (56) (699)
Comprehensive income 39,873 22,174 149,082 70,995
Comprehensive income attributable to noncontrolling interests (103) (111) (466) (352)
Comprehensive income attributable to the Company 39,770 22,063 148,616 70,643
Rooms        
Revenues:        
Total revenues 195,451 189,088 567,205 550,443
Operating Expenses:        
Operating expenses 46,521 46,529 135,826 137,644
Food and beverage        
Revenues:        
Total revenues 72,169 67,415 220,115 213,084
Operating Expenses:        
Operating expenses 48,998 47,181 145,724 144,146
Other        
Revenues:        
Total revenues 29,985 28,881 86,733 82,430
Operating Expenses:        
Operating expenses 70,528 68,127 207,310 202,132
Management fees        
Operating Expenses:        
Operating expenses 7,921 7,096 21,798 19,520
Franchise fees        
Operating Expenses:        
Operating expenses 10,132 9,731 29,936 28,782
Other property-level expenses        
Operating Expenses:        
Operating expenses $ 22,921 $ 24,967 $ 65,268 $ 77,883