v3.26.3
Segment Reporting - Schedule of Segment Reporting Information, by Segment (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Depreciation and amortization $ (16,611) $ (23,164) $ (60,623) $ (69,919)
Advisory services fee (7,498) (7,915) (22,182) (21,717)
Corporate general and administrative (12,139) (3,811) (21,419) (4,407)
Termination fee (480,000) 0 (480,000) 0
Gain (loss) on disposition of assets and hotel properties 259,927 40,970 277,325 40,970
Equity in earnings (loss) of unconsolidated entities 0 0 (31) 0
Interest income 841 1,494 2,425 4,901
Other income (expense) 0 0 0 (1,250)
Interest expense and amortization of discounts and loan costs (16,203) (25,188) (57,911) (75,376)
Write-off of loan costs and exit fees (20) (366) (1,509) (1,833)
Gain (loss) on extinguishment of debt 0 (1,553) 0 (1,553)
Realized and unrealized gain (loss) on derivatives 54 (118) 337 (301)
Income tax (expense) benefit 9,756 648 5,858 (474)
NET INCOME (LOSS) (249,384) 4,723 (224,408) 8,554
Direct Hotel Investments        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Hotel adjusted EBITDA 14,696 25,562 138,111 144,096
Ownership expenses included in property taxes, insurance and other (12) (66) (132) (224)
Depreciation and amortization (16,611) (23,164) (60,623) (69,919)
Advisory services fee (7,498) (7,915) (22,182) (21,717)
Corporate general and administrative (12,139) (3,811) (21,419) (4,407)
Gain (loss) on disposition of assets and hotel properties 259,927 40,970 277,325 40,970
Equity in earnings (loss) of unconsolidated entities 0 0 (31) 0
Interest income 841 1,494 2,425 4,901
Other income (expense) 0 0 0 (1,250)
Interest expense and amortization of discounts and loan costs (16,203) (25,188) (57,911) (75,376)
Write-off of loan costs and exit fees (20) (366) (1,509) (1,833)
Gain (loss) on extinguishment of debt 0 (1,553) 0 (1,553)
Realized and unrealized gain (loss) on derivatives 54 (118) 337 (301)
Income tax (expense) benefit 9,756 648 5,858 (474)
NET INCOME (LOSS) (249,384) 4,723 (224,408) 8,554
Direct Hotel Investments | Other        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Ownership expenses included in other hotel expenses (2,087) (1,667) (4,342) (3,966)
Direct Hotel Investments | Management fees        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Management fees $ (88) $ (103) $ (315) $ (393)