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Basis of Presentation and Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2025

Accounting Policies [Abstract]

Schedule of Effect of the Reclassifications

The following table presents the effect of the reclassifications on the three and nine months ended September 30, 2024 consolidated statements of income.

						Three Months Ended																		Nine Months Ended
						September 30, 2024																		September 30, 2024
						As previously reported						Reclassification						As reclassified						As previously reported						Reclassification						As reclassified
REVENUES
Franchise and management fees						$	147,151					$	41,086					$	188,237					$	394,431					$	117,019					$	511,450
Initial franchise fees						5,866						(5,866)						—						19,133						(19,133)						—
Partnership services and fees						16,178						8,142						24,320						58,060						13,467						71,527
Owned hotels						31,936						—						31,936						85,345						—						85,345
Other						13,857						(2,210)						11,647						45,251						4,420						49,671
Revenue for reimbursable costs from franchised and managed properties						212,976						(41,152)						171,824						592,849						(115,773)						477,076
Total revenues						427,964						—						427,964						1,195,069						—						1,195,069
OPERATING EXPENSES
Selling, general and administrative						49,077						19,945						69,022						162,697						67,323						230,020
Business combination, diligence and transition costs						984						—						984						17,723						—						17,723
Depreciation and amortization						10,861						2,032						12,893						32,623						5,922						38,545
Owned hotels						22,343						—						22,343						62,370						—						62,370
Reimbursable expenses from franchised and managed properties						192,916						(21,977)						170,939						575,102						(73,245)						501,857
Total operating expenses						276,181						—						276,181						850,515						—						850,515
Operating income						$	151,783					$	—					$	151,783					$	344,554					$	—					$	344,554

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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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