v3.26.3
Segment Reporting - Schedule of Revenues, Significant Hotel Operating Expenses, and Hotel Adjusted EBITDA (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
REVENUE        
Total hotel revenue $ 101,578 $ 143,556 $ 481,587 $ 538,453
EXPENSES        
Hotel expenses: 84,392 111,619 331,429 372,372
Indirect expenses:        
Total operating expenses 605,317 154,720 932,489 494,983
Total hotel revenue        
REVENUE        
Total hotel revenue 101,578 143,556 481,587 538,453
Rooms        
REVENUE        
Total hotel revenue 63,147 85,701 294,131 331,617
EXPENSES        
Hotel expenses: 18,665 24,728 67,761 80,232
Food and beverage        
REVENUE        
Total hotel revenue 25,983 36,637 123,647 133,996
EXPENSES        
Hotel expenses: 24,268 30,685 98,075 106,662
Other hotel revenue        
REVENUE        
Total hotel revenue 12,448 21,218 63,809 72,840
EXPENSES        
Hotel expenses: 38,356 51,766 151,158 168,587
Management fees        
EXPENSES        
Hotel expenses: 3,103 4,440 14,435 16,891
Direct Hotel Investments        
EXPENSES        
Direct expenses 4,840 7,236 22,837 24,903
Indirect expenses:        
Property, general and administration 10,334 14,364 38,920 45,228
Sales and marketing 8,535 11,138 32,163 36,868
Information and telecommunications systems 1,487 1,969 5,323 5,928
Repairs and maintenance 5,776 7,802 19,810 23,627
Energy 5,127 6,148 17,229 17,899
Lease expense 125 634 1,242 1,756
Ownership expenses 89 995 1,565 3,149
Incentive management fee (44) (187) 7,727 5,263
Property taxes 2,694 4,405 8,083 14,358
Other taxes 53 331 232 1,098
Insurance 1,918 3,409 8,389 10,888
Total operating expenses 86,882 117,994 343,476 394,357
Hotel adjusted EBITDA 14,696 25,562 138,111 144,096
Direct Hotel Investments | Total hotel revenue        
REVENUE        
Total hotel revenue 101,578 143,556 481,587 538,453
Direct Hotel Investments | Rooms        
REVENUE        
Total hotel revenue 63,147 85,701 294,131 331,617
EXPENSES        
Hotel expenses: 18,665 24,728 67,761 80,232
Direct Hotel Investments | Food and beverage        
REVENUE        
Total hotel revenue 25,983 36,637 123,647 133,996
EXPENSES        
Hotel expenses: 24,268 30,685 98,075 106,662
Direct Hotel Investments | Other hotel revenue        
REVENUE        
Total hotel revenue 12,448 21,218 63,809 72,840
Direct Hotel Investments | Management fees        
Indirect expenses:        
Management fees $ 3,015 $ 4,337 $ 14,120 $ 16,498