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Segment Reporting (Tables)

12 Months Ended

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

X

- 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

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-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
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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
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-Section 50
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

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