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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2026
Segment Reporting [Abstract] |
Segment Reporting | The following table presents information about profit or loss for the hotel segment:
|  |  | For the three months ended March 31,
|  |  |  |  | 2026 |  | 2025
Revenues |  |  |  |  |  |  |
Room revenue |  |  |  |  | $ | 275,257 |  |  | $ | 267,654 |
Food and beverage revenue |  |  |  |  | 39,717 |  |  | 37,513 |
Other revenue |  |  |  |  | 25,003 |  |  | 22,952 |
Total revenues |  |  |  |  | 339,977 |  |  | 328,119 |
Operating expenses |  |  |  |  |  |  |
Room expense |  |  |  |  | 72,732 |  |  | 70,851 |
Food and beverage expense |  |  |  |  | 30,762 |  |  | 29,289 |
Management and franchise fee expense |  |  |  |  | 25,074 |  |  | 25,202 |
Other operating expenses |  |  |  |  | 96,426 |  |  | 91,711 |
Total operating expenses |  |  |  |  | 224,994 |  |  | 217,053 |
Property tax, insurance and other |  |  |  |  | 26,972 |  |  | 27,203 |
Other, net (1) |  |  |  |  | (1,912) |  |  | (2,048) |
Hotel EBITDA |  |  |  |  | $ | 89,923 |  |  | $ | 85,911 |
(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.
Segment Reporting, Reconciliation of Profit (Loss) by Segment 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,
|  |  |  |  | 2026 |  | 2025
(Loss) income before income tax expense |  |  |  |  | $ | (85) |  |  | $ | 3,466 |
Depreciation and amortization |  |  |  |  | 47,195 |  |  | 45,788 |
Interest expense, net of interest income |  |  |  |  | 24,739 |  |  | 24,297 |
General and administrative |  |  |  |  | 12,979 |  |  | 12,646 |
Loss (gain) on sale of hotel properties, net |  |  |  |  | 3,647 |  |  | (1,321) |
Other, net |  |  |  |  | 1,448 |  |  | 1,035 |
Hotel EBITDA |  |  |  |  | $ | 89,923 |  |  | $ | 85,911 |

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