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Equity Incentive Plans (Tables)
 9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Awards A summary of our restricted stock awards from January 1, 2025 to September 30, 2025 is as follows:
Number of
Shares		Weighted-
Average Grant
Date Fair
Value
Unvested balance at January 1, 2025621,595 $8.90 
Granted478,098 8.21 
Vested(257,980)8.97 
Unvested balance at September 30, 2025841,713 $8.49 
Schedule of Fair Value Assumptions The determination of the grant-date fair values of our PSUs included the following assumptions:
Award Grant DateVolatilityRisk-Free RateTotal Stockholder Return PSUs
Hotel Market Share PSUs (1)
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
May 7, 202436.5%4.64%$8.03$8.72
March 3, 202532.0%3.93%$10.53N/A
______________________
(1)There were no hotel market share PSUs granted in 2025.
Schedule of Nonvested Performance-based Units Activity
A summary of our PSUs from January 1, 2025 to September 30, 2025 is as follows:
Number of
Target Units		Weighted-
Average Grant
Date Fair
Value
Unvested balance at January 1, 20251,108,574 $9.02 
Granted607,533 10.16 
Additional units from dividends74,491 8.08 
Vested (1)
(342,042)9.62 
Unvested balance at September 30, 20251,448,556 $9.31 
______________________
(1)The number of shares of common stock earned for the PSUs vested in 2025 was equal to 101.26% of the PSU Target Award.
Schedule of LTIP Units
A summary of our LTIP units from January 1, 2025 to September 30, 2025 is as follows:
Number of UnitsWeighted-
Average Grant
Date Fair
Value
Unvested balance at January 1, 2025140,127 $8.90 
Vested (1)
(46,709)8.90 
Unvested balance at September 30, 202593,418 $8.90 
______________________
(1)As of September 30, 2025, all vested LTIP units have achieved economic parity with common OP units and have been converted to common OP units.