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Segment Information (Tables)

6 Months Ended

Jun. 30, 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 June 30,												For the six months ended June 30,
			2025						2024						2025						2024
Revenues
Room revenue			$	296,101					$	303,652					$	563,755					$	570,282
Food and beverage revenue			41,934						40,843						79,447						76,532
Other revenue			25,068						24,802						48,020						46,893
Total revenues			363,103						369,297						691,222						693,707
Operating expenses
Room expense			74,565						73,941						145,416						143,327
Food and beverage expense			30,375						30,304						59,664						58,931
Management and franchise fee expense			28,393						29,789						53,595						55,444
Other operating expenses			92,787						90,792						184,498						180,601
Total operating expenses			226,120						224,826						443,173						438,303
Property tax, insurance and other			26,490						28,753						53,693						56,587
Other, net (1)			(2,895)						(2,609)						(4,943)						(8,441)
Hotel EBITDA			$	113,388					$	118,327					$	199,299					$	207,258

(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 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 June 30,												For the six months ended June 30,
			2025						2024						2025						2024
Income before income tax expense			$	28,970					$	37,684					$	32,436					$	42,739
Depreciation and amortization			46,363						44,474						92,151						89,153
Interest expense, net of interest income			24,515						23,931						48,812						45,602
General and administrative			11,138						13,940						23,784						29,045
Loss (gain) on sale of hotel properties, net			378						(3,546)						(943)						(3,546)
Other, net			2,024						1,844						3,059						4,265
Hotel EBITDA			$	113,388					$	118,327					$	199,299					$	207,258

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
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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.

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