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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUES    
Total revenues $ 332,860 $ 331,949
OPERATING EXPENSES    
Selling, general and administrative 74,210 72,269
Business combination, diligence and transition costs 99 15,844
Depreciation and amortization 13,748 12,815
Total operating expenses 252,928 271,800
Operating income 79,932 60,149
OTHER EXPENSES AND INCOME, NET    
Interest expense 21,242 20,181
Interest income (1,559) (1,731)
Other loss 436 1,336
Equity in net loss of affiliates 51 155
Total other expenses and income, net 20,170 19,941
Income before income taxes 59,762 40,208
Income tax expense 15,228 9,199
Net income $ 44,534 $ 31,009
Basic earnings per share (in usd per share) $ 0.95 $ 0.63
Diluted earnings per share (in usd per share) 0.94 0.62
Cash dividends declared per share (in usd per share) $ 0.2875 $ 0.2875
Franchise and management fees    
REVENUES    
Total revenues $ 145,068 $ 143,410
Partnership services and fees    
REVENUES    
Total revenues 25,381 19,844
Owned hotels    
REVENUES    
Total revenues 27,860 24,991
OPERATING EXPENSES    
Operating expenses 21,060 19,323
Other    
REVENUES    
Total revenues 11,127 14,717
Revenue for reimbursable costs from franchised and managed properties    
REVENUES    
Total revenues 123,424 128,987
OPERATING EXPENSES    
Operating expenses $ 143,811 $ 151,549