XML 34 R24.htm IDEA: XBRL DOCUMENT
v3.25.2

Basis of Presentation and Significant Accounting Policies (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Accounting Policies [Abstract] |
Schedule of Effect of the Reclassifications | The following table presents the effect of the reclassifications on the three and six months ended June 30, 2024 consolidated statements of income.
|  | Three Months Ended |  | Six Months Ended
|  | June 30, 2024 |  | June 30, 2024
|  | As previously reported |  | Reclassification |  | As reclassified |  | As previously reported |  | Reclassification |  | As reclassified
REVENUES |  |  |  |  |  |  |  |  |  |  |  |
Franchise and management fees |  | $ | 141,813 |  |  | $ | 37,990 |  |  | $ | 179,803 |  |  | $ | 247,280 |  |  | $ | 75,933 |  |  | $ | 323,213 |
Initial franchise fees |  | 6,562 |  |  | (6,562) |  |  | — |  |  | 13,267 |  |  | (13,267) |  |  | — |
Partnership services and fees |  | 28,126 |  |  | (763) |  |  | 27,363 |  |  | 41,882 |  |  | 5,325 |  |  | 47,207 |
Owned hotels |  | 28,418 |  |  | — |  |  | 28,418 |  |  | 53,409 |  |  | — |  |  | 53,409 |
Other |  | 15,037 |  |  | 8,270 |  |  | 23,307 |  |  | 31,394 |  |  | 6,630 |  |  | 38,024 |
Revenue for reimbursable costs from franchised and managed properties |  | 215,200 |  |  | (38,935) |  |  | 176,265 |  |  | 379,873 |  |  | (74,621) |  |  | 305,252 |
Total revenues |  | 435,156 |  |  | — |  |  | 435,156 |  |  | 767,105 |  |  | — |  |  | 767,105 |
OPERATING EXPENSES |  |  |  |  |  |  |  |  |  |  |  |
Selling, general and administrative |  | 64,995 |  |  | 23,734 |  |  | 88,729 |  |  | 113,620 |  |  | 47,378 |  |  | 160,998 |
Business combination, diligence and transition costs |  | 895 |  |  | — |  |  | 895 |  |  | 16,739 |  |  | — |  |  | 16,739 |
Depreciation and amortization |  | 10,827 |  |  | 2,010 |  |  | 12,837 |  |  | 21,762 |  |  | 3,890 |  |  | 25,652 |
Owned hotels |  | 20,704 |  |  | — |  |  | 20,704 |  |  | 40,027 |  |  | — |  |  | 40,027 |
Reimbursable expenses from franchised and managed properties |  | 205,113 |  |  | (25,744) |  |  | 179,369 |  |  | 382,186 |  |  | (51,268) |  |  | 330,918 |
Total operating expenses |  | 302,534 |  |  | — |  |  | 302,534 |  |  | 574,334 |  |  | — |  |  | 574,334 |
Operating income |  | $ | 132,622 |  |  | $ | — |  |  | $ | 132,622 |  |  | $ | 192,771 |  |  | $ | — |  |  | $ | 192,771 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-7 Reference 2: 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 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 + Details
Name: | us-gaap_ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration