v3.26.3
Hotel Dispositions, Impairments and Held for Sale (Tables)
 9 Months Ended
Sep. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Condensed Consolidated Financial Information from Hotel Property The following table includes the condensed consolidated financial information from the disposed hotel properties (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Total hotel revenue$7,459 $57,895 $128,855 $211,544 
Total hotel operating expenses(6,266)(40,897)(78,678)(137,102)
Property taxes, insurance and other(646)(2,800)(6,572)(12,040)
Depreciation and amortization(624)(8,033)(11,889)(25,221)
Gain (loss) on disposition of assets and hotel properties259,927 40,970 277,325 40,970 
Operating income (loss)259,850 47,135 309,041 78,151 
Interest income1 125 86 386 
Interest expense and amortization of loan costs(1,950)(9,795)(15,914)(31,121)
Write-off of loan costs and exit fees(15)— (15)(263)
Gain (loss) on extinguishment of debt— (1,553)— (1,553)
Income (loss) before income taxes257,886 35,912 293,198 45,600 
(Income) loss before income taxes attributable to redeemable noncontrolling interests in operating partnership(16,170)(2,481)(18,706)(3,762)
Income (loss) before income taxes attributable to the Company$241,716 $33,431 $274,492 $41,838 
Schedule of Major Classes of Assets and Liabilities Related to Assets Held For Sale
The major classes of assets and liabilities related to assets held for sale included in the condensed consolidated balance sheet at September 30, 2026 were as follows:
September 30, 2026
Assets
Investments in hotel properties, gross$282,469 
Accumulated depreciation(40,548)
Investments in hotel properties, net241,921 
Cash and cash equivalents20,617 
Restricted cash9,027 
Accounts receivable, net2,609 
Inventories797 
Prepaid expenses263 
Other assets76 
Assets held for sale$275,310 
Liabilities
Indebtedness, net$178,608 
Accounts payable and accrued expenses31,658 
Due to third-party hotel managers, net217 
Liabilities associated with assets held for sale$210,483