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Operating Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following table presents the Company's segment hotel revenues, Hotel EBITDA, including significant hotel expenses and its reconciliation to net income (loss) for the three and six months ended June 30, 2025 and 2024 (in thousands):
| For the three months ended June 30, |  | For the six months ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Revenues: |  |  |  |  |  |  |
Total revenues | $ | 407,537 |  |  | $ | 397,110 |  |  | $ | 727,803 |  |  | $ | 711,179 |
Less: Corporate and other revenues | 209 |  |  | 1,364 |  |  | 587 |  |  | 3,082 |
Hotel revenues | 407,328 |  |  | 395,746 |  |  | 727,216 |  |  | 708,097 |
Significant hotel expenses: |  |  |  |  |  |  |
Room expenses | 67,732 |  |  | 65,003 |  |  | 126,255 |  |  | 120,026 |
Food and beverage expenses | 72,658 |  |  | 70,921 |  |  | 137,226 |  |  | 131,935 |
Hotel general and administrative | 31,579 |  |  | 31,224 |  |  | 60,690 |  |  | 58,796 |
Hotel sales and marketing | 25,083 |  |  | 24,414 |  |  | 48,038 |  |  | 46,653 |
Hotel operations and maintenance | 30,963 |  |  | 30,185 |  |  | 61,895 |  |  | 58,911 |
Hotel management fee | 11,636 |  |  | 11,578 |  |  | 19,585 |  |  | 19,947 |
Hotel real estate taxes, personal property taxes, property insurance and ground rent | 34,063 |  |  | 24,319 |  |  | 67,110 |  |  | 56,385 |
Other segment items (1) | 12,635 |  |  | 12,635 |  |  | 24,611 |  |  | 23,873 |
Hotel EBITDA | 120,979 |  |  | 125,467 |  |  | 181,806 |  |  | 191,571 |
Depreciation and amortization | (57,645) |  |  | (57,296) |  |  | (115,188) |  |  | (114,505) |
Interest expense | (27,282) |  |  | (27,939) |  |  | (54,415) |  |  | (54,360) |
Business interruption insurance income | 3,242 |  |  | 7,301 |  |  | 7,545 |  |  | 11,281 |
Income tax (expense) benefit | (7,812) |  |  | (1,010) |  |  | (4,650) |  |  | (1,056) |
Corporate and other (2) | (12,197) |  |  | (14,284) |  |  | (27,993) |  |  | (28,212) |
Net income (loss) | $ | 19,285 |  |  | $ | 32,239 |  |  | $ | (12,895) |  |  | $ | 4,719 |
______________________ (1) Other segment items include expenses incurred for parking, spa, franchise fees and other hotel operating expenses. (2) Corporate and other include corporate general and administrative and other operating income and expenses.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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