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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

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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 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

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