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Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2024
Fair Value Disclosures [Abstract] |
Schedule of Fair Value of Assets | The Company recognized the following assets at fair value on a recurring basis in the consolidated balance sheets:
| Fair Value Measurements at Reporting Date Using
(in thousands) | Total |  | Level 1 |  | Level 2 |  | Level 3
As of December 31, 2024 |  |  |  |  |  |  |
Equity securities | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Mutual funds(1) | 43,887 |  |  | 43,887 |  |  | — |  |  | — |
Money market funds(1) | 5,439 |  |  | — |  |  | 5,439 |  |  | — |
Total | $ | 49,326 |  |  | $ | 43,887 |  |  | $ | 5,439 |  |  | $ | — |
As of December 31, 2023 |  |  |  |  |  |  |
Equity securities | $ | 116,374 |  |  | $ | 116,374 |  |  | $ | — |  |  | $ | — |
Mutual funds(1) | 36,810 |  |  | 36,810 |  |  | — |  |  | — |
Money market funds(1) | 4,767 |  |  | — |  |  | 4,767 |  |  | — |
Total | $ | 157,951 |  |  | $ | 153,184 |  |  | $ | 4,767 |  |  | $ | — |
(1)The current assets at fair value noted above are presented in prepaid expenses and other current assets in the consolidated balance sheets. The long-term assets at fair value noted above are presented in investments for employee benefit plans, at fair value in the consolidated balance sheets.
Schedule of Equity Method Investment Ownership Interests and Financial Information | The Company's ownership interests in its affiliates were as follows:
|  | Ownership Interest
|  | December 31, 2024 |  | December 31, 2023
Choice Hotels Canada, Inc. (1) |  | 50 | % |  | 50 | %
Main Street WP Hotel Associates, LLC |  | 50 | % |  | 50 | %
CS Hotel West Orange, LLC |  | 50 | % |  | 50 | %
City Market Hotel Development, LLC (2) |  | — | % |  | 43 | %
926 James M. Wood Boulevard, LLC |  | 75 | % |  | 75 | %
EH Glendale JV, LLC |  | 80 | % |  | 80 | %
CS Lakeside Santa Clara LLC |  | 50 | % |  | 50 | %
BL 219 Holdco, LP |  | 50 | % |  | 50 | %
Integrated 32 West Randolph, LLC |  | 20 | % |  | 20 | %
EH Nampa JV LLC |  | 80 | % |  | 80 | %
Radisson Hotel La Crosse (1) |  | 14 | % |  | 14 | %
EH Cheyenne JV, LLC |  | 80 | % |  | 80 | %
EH Waco JV, LLC |  | 80 | % |  | 80 | %
EH Amarillo JV, LLC |  | 80 | % |  | 80 | %
EH Yuma JV, LLC |  | 80 | % |  | 80 | %
EH El Paso JV, LLC |  | 80 | % |  | 80 | %
EH Brownsville JV, LLC |  | 80 | % |  | 80 | %
EH Wichita JV, LLC |  | 80 | % |  | — | %
CH East Avenue, LLC |  | 65 | % |  | — | %
EH Salem JV, LLC |  | 80 | % |  | — | %
EH Clarksville JV, LLC |  | 80 | % |  | — | %
(1) Non-VIE investments. (2) During the year ended December 31, 2024, the Company received a liquidating distribution as a result of the affiliate selling its underlying assets. The following tables present summarized financial information for all of the unconsolidated joint ventures in which the Company holds an investment in affiliate that is accounted for under the equity method of accounting:
| Year Ended December 31,
(in thousands) | 2024 |  | 2023 |  | 2022
Revenues | $ | 65,732 |  |  | $ | 65,634 |  |  | $ | 58,821 |
Operating income | $ | 14,199 |  |  | $ | 12,504 |  |  | $ | 7,977 |
(Loss) income before income taxes | $ | (1,203) |  |  | $ | 314 |  |  | $ | 1,837 |
Net loss | $ | (3,488) |  |  | $ | (1,255) |  |  | $ | (1,058) |
| As of December 31,
(in thousands) | 2024 |  | 2023
Current assets | $ | 71,737 |  |  | $ | 63,397 |
Non-current assets | 412,269 |  |  | 269,693 |
Total assets | $ | 484,006 |  |  | $ | 333,090 |
Current liabilities | $ | 84,966 |  |  | $ | 63,526 |
Non-current liabilities | 257,130 |  |  | 177,451 |
Total liabilities | $ | 342,096 |  |  | $ | 240,977 |
|  | As of December 31, 2024 |  | As of December 31, 2023
(in thousands) |  | Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value |  | Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
Equity Securities |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 112,420 |  |  | $ | 3,954 |  |  | $ | — |  |  | $ | 116,374 |
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments | The fair values of the Company's senior unsecured notes are classified as Level 2 because the significant inputs are observable in an active market. Refer to Note 12 for additional information on debt. As of December 31, 2024 and 2023, the carrying amounts and the fair values were as follows:
| December 31, 2024 |  | December 31, 2023
(in thousands) | Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
2019 Senior Notes Due 2029 | $ | 397,042 |  |  | $ | 371,600 |  |  | $ | 396,440 |  |  | $ | 355,068 |
2020 Senior Notes Due 2031 | $ | 446,300 |  |  | $ | 405,351 |  |  | $ | 445,690 |  |  | $ | 389,241 |
2024 Senior Notes Due 2034 | $ | 588,764 |  |  | $ | 601,836 |  |  | $ | — |  |  | $ | — |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 + Details
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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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