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Investment in Unconsolidated Entities (Tables)
3 Months Ended
Mar. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
The following table summarizes our carrying value and ownership interest in unconsolidated entities:
March 31, 2022December 31, 2021
Carrying value of the investment in OpenKey (in thousands)$2,618 $2,771 
Ownership interest in OpenKey16.7 %16.7 %
Carrying value of the investment in 815 Commerce MM (in thousands)$8,482 $8,482 
Ownership interest in 815 Commerce MM32.5 %32.5 %
The following table summarizes our equity in earnings (loss) of unconsolidated entities (in thousands):
Three Months Ended March 31,
20222021
OpenKey$(153)$(137)