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Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table presents information about profit or loss for the hotel segment:

			For the three months ended March 31,
			2025						2024
Revenues
Room revenue			$	267,654					$	266,630
Food and beverage revenue			37,513						35,689
Other revenue			22,952						22,091
Total revenues			328,119						324,410
Operating expenses
Room expense			70,851						69,386
Food and beverage expense			29,289						28,627
Management and franchise fee expense			25,202						25,655
Other operating expenses			91,711						89,809
Total operating expenses			217,053						213,477
Property tax, insurance and other			27,203						27,834
Other, net (1)			(2,048)						(5,832)
Hotel EBITDA			$	85,911					$	88,931

(1)    Includes miscellaneous hotel segment income (including the receipt of certain one-time COVID-19 relief awards during the three months ended March 31, 2024), 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 Operating Profit (Loss) from Segments to Consolidated

The following table provides a reconciliation of the hotel segment profit and loss to the Company’s consolidated totals:

			For the three months ended March 31,
			2025						2024
Income before income tax expense			$	3,466					$	5,055
Depreciation and amortization			45,788						44,679
Interest expense, net of interest income			24,297						21,671
General and administrative			12,646						15,105
Gain on sale of hotel property, net			(1,321)						—
Other, net			1,035						2,421
Hotel EBITDA			$	85,911					$	88,931

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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- 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
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