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Relationships with Managers and Franchisors (Tables)
 12 Months Ended
Dec. 31, 2024
Relationships With Managers [Abstract]  
Schedule of Management Fees from Continuing Operations
The following is a summary of management fees (in thousands):
Year Ended December 31,
202420232022
Base management fees$23,357 $22,543 $20,630 
Incentive management fees5,781 4,444 4,790 
Amortization of deferred income related to key money (1)
(400)(400)(392)
Amortization of unfavorable contract liabilities(1,589)(1,589)(1,589)
Total management fees, net$27,149 $24,998 $23,439 
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(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, 2024, 2023 and 2022 (in thousands):
Year Ended December 31,
202420232022
Franchise fees$39,755 $35,769 $32,714 
Amortization of deferred income related to key money (1)
(31)(31)(31)
Total franchise fees, net$39,724 $35,738 $32,683 
_____________________________
(1)Relates to key money received for Courtyard New York Manhattan/Fifth Avenue.