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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 299,665,000 $ 258,507,000 $ 332,152,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 43,282,000 39,659,000 30,425,000
Depreciation and amortization - other expenses from franchised and managed properties 27,578,000 36,076,000 33,488,000
Franchise agreement acquisition cost amortization 28,702,000 20,024,000 15,666,000
Loss (gain) on extinguishment of debt 331,000 (4,416,000) 0
Impairment of long-lived assets 0 3,736,000 0
Gain on sale of business and assets, net 0 0 (16,251,000)
Non-cash share-based compensation and other charges 43,250,000 46,809,000 42,974,000
Non-cash interest, investments, and affiliate (income) loss, net (7,282,000) (8,747,000) 7,365,000
Deferred income taxes (19,028,000) (1,336,000) (19,642,000)
Equity in net (gain) loss of affiliates, less distributions received (2,327,000) (1,570,000) 489,000
Franchise agreement acquisition costs, net of reimbursements (112,164,000) (98,316,000) (54,527,000)
Change in working capital and other 17,396,000 6,128,000 (5,078,000)
Net cash provided by operating activities 319,403,000 296,554,000 367,061,000
CASH FLOWS FROM INVESTING ACTIVITIES      
Investments in other property and equipment (39,102,000) (47,717,000) (24,140,000)
Investments in owned hotel properties (106,750,000) (68,560,000) (65,814,000)
Contributions to investments in affiliates (52,768,000) (38,930,000) (3,148,000)
Issuances of notes receivable (37,994,000) (4,323,000) (5,647,000)
Purchases of equity securities 0 (112,420,000) 0
Business acquisition, net of cash acquired 0 0 (550,431,000)
Distributions from sales of affiliates 15,850,000 868,000 0
Collections of notes receivable 32,100,000 10,852,000 975,000
Proceeds from sales of equity securities 108,149,000 0 0
Proceeds from the sale of assets and business 0 0 166,568,000
Proceeds from the termination of intangible assets 0 0 44,711,000
Other items, net (4,056,000) (5,396,000) (5,504,000)
Net cash used in investing activities (84,571,000) (265,626,000) (442,430,000)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net borrowings (repayments) pursuant to revolving credit facilities 111,500,000 (131,500,000) 360,000,000
Proceeds from the issuance of long-term debt 593,574,000 500,000,000 0
Repayment of long-term debt (500,000,000) 0 (216,571,000)
Payments to extinguish acquired debt 0 0 (55,975,000)
Proceeds from acquired derivative 0 0 1,943,000
Debt issuance costs (8,069,000) (1,553,000) (44,000)
Purchases of treasury stock (380,743,000) (362,772,000) (434,767,000)
Dividends paid (55,497,000) (56,457,000) (52,545,000)
Proceeds from the exercise of stock options 17,525,000 6,345,000 3,809,000
Net cash used in financing activities (221,710,000) (45,937,000) (394,150,000)
Net change in cash and cash equivalents 13,122,000 (15,009,000) (469,519,000)
Effect of foreign exchange rate changes on cash and cash equivalents 301,000 197,000 (520,000)
Cash and cash equivalents, beginning of period 26,754,000 41,566,000 511,605,000
Cash and cash equivalents, end of period 40,177,000 26,754,000 41,566,000
Cash payments during the year for      
Income taxes, net of refunds 108,173,000 94,342,000 115,972,000
Interest, net of capitalized interest 67,176,000 60,773,000 46,908,000
Non-cash investing and financing activities      
Dividends declared but not paid 13,471,000 14,902,000 13,136,000
Investments in property, equipment, and intangible assets recognized in accounts payable and accrued expense liabilities 23,284,000 10,291,000 5,383,000
Asset acquisition from extinguishment of note receivable $ 0 $ 0 $ 20,446,000