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Investment in Unconsolidated Entities (Tables)
12 Months Ended
Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
The following table summarizes our carrying value and ownership interest in unconsolidated entities:
December 31, 2023December 31, 2022
Carrying value of the investment in OpenKey (in thousands)$1,575 $2,103 
Ownership interest in OpenKey15.1 %15.1 %
Carrying value of the investment in 815 Commerce MM (in thousands)$8,482 
Ownership interest in 815 Commerce MM32.5 %
Carrying value of the Meritage Investment (in thousands)$8,385 $8,991 
The following table summarizes our equity in earnings (loss) of unconsolidated entities (in thousands):
Year Ended December 31,
202320222021
OpenKey$(528)$(668)$(540)
815 Commerce MM— — (18)
Meritage Investment(606)(136)— 
$(1,134)$(804)$(558)