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Commitments and Contingencies (Tables) | 6 Months Ended
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Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract] |
Schedule of Hotels Subject to Leases | As of June 30, 2025, the following hotels were subject to leases as follows:
Lease Properties |  | Lease Type |  | Lease Expiration Date |
Restaurant at Southernmost Beach Resort |  | Operating lease |  | April 2029 |
Paradise Point Resort & Spa |  | Operating lease |  | May 2050 |
Harbor Court Hotel San Francisco |  | Finance lease |  | August 2052 |
Hotel Monaco Washington DC |  | Operating lease |  | November 2059 |
Argonaut Hotel |  | Operating lease |  | December 2059 |
Hotel Zephyr Fisherman's Wharf and Retail |  | Operating lease |  | February 2062 |
Viceroy Santa Monica Hotel |  | Operating lease |  | September 2065 |
Estancia La Jolla Hotel & Spa |  | Operating lease |  | January 2066 |
San Diego Mission Bay Resort |  | Operating lease |  | July 2068 |
1 Hotel San Francisco |  | Operating lease |  | March 2070 | (1)
Hyatt Regency Boston Harbor |  | Operating lease |  | April 2077 |
The Westin Copley Place, Boston |  | Operating lease |  | December 2077 | (2)
The Liberty, a Luxury Collection Hotel, Boston |  | Operating lease |  | May 2080 |
Jekyll Island Club Resort and Restaurant |  | Operating lease |  | January 2089 |
80 Rooms at Hotel Zeppelin San Francisco |  | Operating and finance lease |  | June 2089 | (4)
Hotel Zelos San Francisco |  | Operating lease |  | June 2097 |
Hotel Palomar Los Angeles Beverly Hills |  | Operating lease |  | January 2107 | (3)
Margaritaville Hollywood Beach Resort |  | Operating lease |  | July 2112 |
______________________ (1) The expiration date assumes the exercise of a 14-year extension option. (2) No payments are required through maturity. (3) The expiration date assumes the exercise of all 19 five-year extension options. (4) Property is owned, with the exception of 80 rooms in an adjoining building that are subject to a lease agreement. The expiration date assumes the exercise of a 30-year extension option.
Schedule of Components of Ground Rent Expense | The components of ground rent expense for the three and six months ended June 30, 2025 and 2024 are as follows (in thousands):
| For the three months ended June 30, |  | For the six months ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Fixed ground rent | $ | 4,825 |  |  | $ | 4,796 |  |  | $ | 9,635 |  |  | $ | 9,592 |
Variable ground rent | 5,128 |  |  | 5,057 |  |  | 9,314 |  |  | 9,063 |
Total ground rent | $ | 9,953 |  |  | $ | 9,853 |  |  | $ | 18,949 |  |  | $ | 18,655 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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