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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Summary of Information About Profit or Loss By Hotel Segment | The following table presents information about profit or loss for the hotel segment:
| For the Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Revenues |  |  |  |  |
Room revenue | $ | 1,121,586 |  |  | $ | 1,095,028 |  |  | $ | 1,002,454 |
Food and beverage revenue | 153,108 |  |  | 141,625 |  |  | 117,027 |
Other revenue | 94,746 |  |  | 88,924 |  |  | 74,181 |
Total revenues | 1,369,440 |  |  | 1,325,577 |  |  | 1,193,662 |
Operating expenses |  |  |  |  |
Room expense | 288,567 |  |  | 277,058 |  |  | 253,441 |
Food and beverage expense | 117,766 |  |  | 109,707 |  |  | 87,402 |
Management and franchise fee expense | 107,978 |  |  | 107,417 |  |  | 95,565 |
Other operating expenses | 363,631 |  |  | 340,485 |  |  | 308,000 |
Total operating expenses | 877,942 |  |  | 834,667 |  |  | 744,408 |
Property tax, insurance and other | 107,043 |  |  | 100,229 |  |  | 86,996 |
Other, net (1) | (14,300) |  |  | (11,535) |  |  | (8,470) |
Hotel EBITDA | $ | 398,755 |  |  | $ | 402,216 |  |  | $ | 370,728 |
(1) Includes miscellaneous hotel segment income, as well as adjustments for corporate-level expenses, certain non-cash items, and certain other items that the Company considers outside the normal course of operations.
Reconciliation of Hotel Profit and Loss to the Company's | The following table provides a reconciliation of the hotel segment profit and loss to the Company’s consolidated totals:
| For the Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Income before income tax expense | $ | 69,790 |  |  | $ | 77,873 |  |  | $ | 43,733 |
Depreciation and amortization | 179,431 |  |  | 179,103 |  |  | 184,875 |
Interest expense, net of interest income | 94,044 |  |  | 79,064 |  |  | 88,596 |
General and administrative | 54,804 |  |  | 58,998 |  |  | 56,330 |
(Gain) loss on sale of hotel properties, net | (8,262) |  |  | 34 |  |  | (1,017) |
Other, net | 8,948 |  |  | 7,144 |  |  | (1,789) |
Hotel EBITDA | $ | 398,755 |  |  | $ | 402,216 |  |  | $ | 370,728 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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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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