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Acquisition (Tables)
 9 Months Ended
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Asset Acquisition
Also during the nine months ended September 30, 2024, the Company acquired a 100% interest in the following property:

PropertyLocationAcquisition DateManagement CompanyRoomsPurchase Price (in thousands)
Hotel TeatroDenver, COJune 13, 2024Sage Hospitality110 $35,500 
Asset Acquisition, Allocation Of Transaction Costs The allocation of the costs for the property acquired was as follows (in thousands):
September 30, 2024
Land and improvements$3,433 
Buildings and improvements29,716 
Furniture, fixtures and equipment2,996 
Total purchase price $36,145