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v3.25.2

Basis of Presentation and Significant Accounting Policies - Effect of the Reclassifications (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Error Corrections and Prior Period Adjustments Restatement [Line Items] |  |  |  |
Total revenues | $ 426,443 | $ 435,156 | $ 759,303 | $ 767,105
Selling, general and administrative | 89,298 | 88,729 | 163,508 | 160,998
Business combination, diligence and transition costs | 347 | 895 | 446 | 16,739
Depreciation and amortization | 13,424 | 12,837 | 27,172 | 25,652
Total operating expenses | 301,846 | 302,534 | 554,774 | 574,334
Operating income | 124,597 | 132,622 | 204,529 | 192,771
Franchise and management fees |  |  |  |
Error Corrections and Prior Period Adjustments Restatement [Line Items] |  |  |  |
Total revenues | 177,086 | 179,803 | 322,154 | 323,213
Initial franchise fees |  |  |  |
Error Corrections and Prior Period Adjustments Restatement [Line Items] |  |  |  |
Total revenues |  | 0 |  | 0
Partnership services and fees |  |  |  |
Error Corrections and Prior Period Adjustments Restatement [Line Items] |  |  |  |
Total revenues | 27,064 | 27,363 | 52,445 | 47,207
Owned hotels |  |  |  |
Error Corrections and Prior Period Adjustments Restatement [Line Items] |  |  |  |
Total revenues | 30,228 | 28,418 | 58,088 | 53,409
Operating expenses | 22,419 | 20,704 | 43,479 | 40,027
Other |  |  |  |
Error Corrections and Prior Period Adjustments Restatement [Line Items] |  |  |  |
Total revenues | 24,716 | 23,307 | 35,843 | 38,024
Revenue for reimbursable costs from franchised and managed properties |  |  |  |
Error Corrections and Prior Period Adjustments Restatement [Line Items] |  |  |  |
Total revenues | 167,349 | 176,265 | 290,773 | 305,252
Operating expenses | $ 176,358 | 179,369 | $ 320,169 | 330,918
As previously reported |  |  |  |
Error Corrections and Prior Period Adjustments Restatement [Line Items] |  |  |  |
Total revenues |  | 435,156 |  | 767,105
Selling, general and administrative |  | 64,995 |  | 113,620
Business combination, diligence and transition costs |  | 895 |  | 16,739
Depreciation and amortization |  | 10,827 |  | 21,762
Total operating expenses |  | 302,534 |  | 574,334
Operating income |  | 132,622 |  | 192,771
As previously reported | Franchise and management fees |  |  |  |
Error Corrections and Prior Period Adjustments Restatement [Line Items] |  |  |  |
Total revenues |  | 141,813 |  | 247,280
As previously reported | Initial franchise fees |  |  |  |
Error Corrections and Prior Period Adjustments Restatement [Line Items] |  |  |  |
Total revenues |  | 6,562 |  | 13,267
As previously reported | Partnership services and fees |  |  |  |
Error Corrections and Prior Period Adjustments Restatement [Line Items] |  |  |  |
Total revenues |  | 28,126 |  | 41,882
As previously reported | Owned hotels |  |  |  |
Error Corrections and Prior Period Adjustments Restatement [Line Items] |  |  |  |
Total revenues |  | 28,418 |  | 53,409
Operating expenses |  | 20,704 |  | 40,027
As previously reported | Other |  |  |  |
Error Corrections and Prior Period Adjustments Restatement [Line Items] |  |  |  |
Total revenues |  | 15,037 |  | 31,394
As previously reported | Revenue for reimbursable costs from franchised and managed properties |  |  |  |
Error Corrections and Prior Period Adjustments Restatement [Line Items] |  |  |  |
Total revenues |  | 215,200 |  | 379,873
Operating expenses |  | 205,113 |  | 382,186
Reclassification |  |  |  |
Error Corrections and Prior Period Adjustments Restatement [Line Items] |  |  |  |
Total revenues |  | 0 |  | 0
Selling, general and administrative |  | 23,734 |  | 47,378
Business combination, diligence and transition costs |  | 0 |  | 0
Depreciation and amortization |  | 2,010 |  | 3,890
Total operating expenses |  | 0 |  | 0
Operating income |  | 0 |  | 0
Reclassification | Franchise and management fees |  |  |  |
Error Corrections and Prior Period Adjustments Restatement [Line Items] |  |  |  |
Total revenues |  | 37,990 |  | 75,933
Reclassification | Initial franchise fees |  |  |  |
Error Corrections and Prior Period Adjustments Restatement [Line Items] |  |  |  |
Total revenues |  | (6,562) |  | (13,267)
Reclassification | Partnership services and fees |  |  |  |
Error Corrections and Prior Period Adjustments Restatement [Line Items] |  |  |  |
Total revenues |  | (763) |  | 5,325
Reclassification | Owned hotels |  |  |  |
Error Corrections and Prior Period Adjustments Restatement [Line Items] |  |  |  |
Total revenues |  | 0 |  | 0
Operating expenses |  | 0 |  | 0
Reclassification | Other |  |  |  |
Error Corrections and Prior Period Adjustments Restatement [Line Items] |  |  |  |
Total revenues |  | 8,270 |  | 6,630
Reclassification | Revenue for reimbursable costs from franchised and managed properties |  |  |  |
Error Corrections and Prior Period Adjustments Restatement [Line Items] |  |  |  |
Total revenues |  | (38,935) |  | (74,621)
Operating expenses |  | $ (25,744) |  | $ (51,268)

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