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Relationships with Managers and Franchisors (Tables)
 12 Months Ended
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,
202320222021
Base management fees$22,543 $20,630 $11,542 
Incentive management fees4,444 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,
202320222021
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.