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Relationships with Managers and Franchisors (Tables) | 12 Months Ended
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Dec. 31, 2023
Relationships With Managers [Abstract] |
Schedule of Management Fees from Continuing Operations | The following is a summary of management fees for the years ended December 31, 2023, 2022 and 2021 (in thousands):
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Base management fees | $ | 22,543 |  |  | $ | 20,630 |  |  | $ | 11,542 |
Incentive management fees | 4,444 |  |  | 4,790 |  |  | 468 |
Amortization of deferred income related to key money (1) | (400) |  |  | (392) |  |  | (213) |
Amortization of unfavorable contract liabilities | (1,589) |  |  | (1,589) |  |  | (1,589) |
Total management fees, net | $ | 24,998 |  |  | $ | 23,439 |  |  | $ | 10,208 |
_____________________________ (1)Relates to key money received for Chicago Marriott Downtown Magnificent Mile, Westin Washington D.C. City Center and Henderson Beach Resort.
Schedule of Franchise Fees | The following is a summary of franchise fees for the years ended December 31, 2023, 2022 and 2021 (in thousands):
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Franchise fees | $ | 35,769 |  |  | $ | 32,714 |  |  | $ | 18,781 |
Amortization of deferred income related to key money (1) | (31) |  |  | (31) |  |  | (116) |
Total franchise fees, net | $ | 35,738 |  |  | $ | 32,683 |  |  | $ | 18,665 |
_____________________________ (1)Relates to key money received for The Lexington Hotel and Courtyard New York Manhattan/Fifth Avenue.

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