XML 44 R34.htm IDEA: XBRL DOCUMENT v3.25.3
Basis of Presentation and Significant Accounting Policies - Effect of the Reclassifications (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Total revenues $ 447,340 $ 427,964 $ 1,206,643 $ 1,195,069
Selling, general and administrative 79,610 69,022 243,118 230,020
Business combination, diligence and transition costs 1,494 984 1,940 17,723
Depreciation and amortization 15,760 12,893 42,932 38,545
Total operating expenses 304,924 276,181 859,698 850,515
Operating income 142,416 151,783 346,945 344,554
Franchise and management fees        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Total revenues 193,777 188,237 515,931 511,450
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 28,868 24,320 81,313 71,527
Owned hotels        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Total revenues 33,167 31,936 91,255 85,345
Operating expenses 23,792 22,343 67,271 62,370
Other        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Total revenues 22,094 11,647 57,937 49,671
Revenue for reimbursable costs from franchised and managed properties        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Total revenues 169,434 171,824 460,207 477,076
Operating expenses $ 184,268 170,939 $ 504,437 501,857
As previously reported        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Total revenues   427,964   1,195,069
Selling, general and administrative   49,077   162,697
Business combination, diligence and transition costs   984   17,723
Depreciation and amortization   10,861   32,623
Total operating expenses   276,181   850,515
Operating income   151,783   344,554
As previously reported | Franchise and management fees        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Total revenues   147,151   394,431
As previously reported | Initial franchise fees        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Total revenues   5,866   19,133
As previously reported | Partnership services and fees        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Total revenues   16,178   58,060
As previously reported | Owned hotels        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Total revenues   31,936   85,345
Operating expenses   22,343   62,370
As previously reported | Other        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Total revenues   13,857   45,251
As previously reported | Revenue for reimbursable costs from franchised and managed properties        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Total revenues   212,976   592,849
Operating expenses   192,916   575,102
Reclassification        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Total revenues   0   0
Selling, general and administrative   19,945   67,323
Business combination, diligence and transition costs   0   0
Depreciation and amortization   2,032   5,922
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   41,086   117,019
Reclassification | Initial franchise fees        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Total revenues   (5,866)   (19,133)
Reclassification | Partnership services and fees        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Total revenues   8,142   13,467
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   (2,210)   4,420
Reclassification | Revenue for reimbursable costs from franchised and managed properties        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Total revenues   (41,152)   (115,773)
Operating expenses   $ (21,977)   $ (73,245)