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Basis of Presentation and Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2025

Accounting Policies [Abstract]

Schedule of Effect of the Reclassifications

The following table presents the effect of the reclassifications on the three months ended March 31, 2024 consolidated statement of income.

						Three Months Ended
						March 31, 2024
						As previously reported						Reclassification						As reclassified
REVENUES
Franchise and management fees						$	105,467					$	37,943					$	143,410
Initial franchise fees						6,705						(6,705)						—
Partnership services and fees						13,756						6,088						19,844
Owned hotels						24,991						—						24,991
Other						16,357						(1,640)						14,717
Revenue for reimbursable costs from franchised and managed properties						164,673						(35,686)						128,987
Total revenues						331,949						—						331,949
OPERATING EXPENSES
Selling, general and administrative						48,625						23,644						72,269
Business combination, diligence and transition costs						15,844						—						15,844
Depreciation and amortization						10,935						1,880						12,815
Owned hotels						19,323						—						19,323
Reimbursable expenses from franchised and managed properties						177,073						(25,524)						151,549
Total operating expenses						271,800						—						271,800
Operating income						$	60,149					$	—					$	60,149

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- References

No definition available.

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- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-7

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

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