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Equity Incentive Plans (Tables)
 3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Awards A summary of our restricted stock awards from January 1, 2024 to March 31, 2024 is as follows:
Number of
Shares		Weighted-
Average Grant
Date Fair
Value
Unvested balance at January 1, 20241,200,693 $9.33 
Vested(484,777)9.37 
Unvested balance at March 31, 2024715,916 $9.30 
Schedule of Fair Value Assumptions The determination of the grant-date fair values of outstanding awards based on our relative stockholder return included the following assumptions:
Award Grant DateVolatilityRisk-Free RateTotal Stockholder Return PSUsHotel Market Share PSUs
March 2, 202168.8%0.26%$9.28$9.40
February 22, 202271.4%1.74%$9.84$9.56
August 9, 202273.3%3.20%$9.65$9.32
February 23, 202374.5%4.40%$9.22$8.94
Schedule of Nonvested Performance-based Units Activity
A summary of our PSUs from January 1, 2024 to March 31, 2024 is as follows:
Number of
Target Units		Weighted-
Average Grant
Date Fair
Value
Unvested balance at January 1, 20241,032,296 $9.34 
Additional units from dividends3,277 9.45 
Vested (1)
(301,861)9.32 
Unvested balance at March 31, 2024733,712 $9.35 
______________________
(1)The number of shares of common stock earned for the PSUs vested in 2024 was equal to 95.6% of the PSU Target Award.
Schedule of LTIP Units
A summary of our LTIP units from January 1, 2024 to March 31, 2024 is as follows:
Number of UnitsWeighted-
Average Grant
Date Fair
Value
Unvested balance at January 1, 2024314,137 $9.01 
Vested (1)
(85,757)8.94 
Unvested balance at March 31, 2024228,380 $9.03 
______________________
(1)As of March 31, 2024, all vested LTIP units have achieved economic parity with common OP units and have been converted to common OP units.