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Segment Information (Tables)

9 Months Ended

Sep. 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 September 30,												For the nine months ended September 30,
			2025						2024						2025						2024
Revenues
Room revenue			$	267,367					$	283,614					$	831,122					$	853,896
Food and beverage revenue			36,884						36,983						116,331						113,515
Other revenue			25,794						25,147						73,814						72,040
Total revenues			330,045						345,744						1,021,267						1,039,451
Operating expenses
Room expense			74,685						74,558						220,101						217,885
Food and beverage expense			29,314						29,348						88,978						88,279
Management and franchise fee expense			25,253						27,339						78,848						82,783
Other operating expenses			94,112						92,350						278,610						272,951
Total operating expenses			223,364						223,595						666,537						661,898
Property tax, insurance and other			26,647						24,156						80,340						80,743
Other, net (1)			(991)						(3,094)						(5,934)						(11,535)
Hotel EBITDA			$	81,025					$	101,087					$	280,324					$	308,345

(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 September 30,												For the nine months ended September 30,
			2025						2024						2025						2024
(Loss) income before income tax expense			$	(3,457)					$	21,022					$	28,979					$	63,761
Depreciation and amortization			46,996						44,892						139,147						134,045
Interest expense, net of interest income			24,807						24,357						73,619						69,959
General and administrative			11,782						12,781						35,566						41,826
Loss (gain) on sale of hotel properties, net			141						(4,755)						(802)						(8,301)
Other, net			756						2,790						3,815						7,055
Hotel EBITDA			$	81,025					$	101,087					$	280,324					$	308,345

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

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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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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