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Dispositions and Impairment Charges (Tables) | 6 Months Ended
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Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Hotel Dispositions and Assets Held for Sale | The following table includes condensed financial information for the three and six months ended June 30, 2024 and 2023 f rom the Company’s dispositions (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |
Total hotel revenue | $ | 8,577 |  |  | $ | 71,497 |  |  | $ | 39,921 |  |  | $ | 132,696 |  |  |
Total hotel operating expenses | (6,673) |  |  | (46,160) |  |  | (29,453) |  |  | (89,413) |  |  |
Property taxes, insurance and other | (616) |  |  | (3,692) |  |  | (3,022) |  |  | (7,262) |  |  |
Depreciation and amortization | (418) |  |  | (8,995) |  |  | (3,770) |  |  | (18,452) |  |  |
Total operating expenses | (7,707) |  |  | (58,847) |  |  | (36,245) |  |  | (115,127) |  |  |
Gain (loss) on consolidation of VIE and disposition of assets and hotel properties | 87,441 |  |  | — |  |  | 94,397 |  |  | — |  |  |
Gain (loss) on derecognition of assets | 11,725 |  |  | — |  |  | 145,634 |  |  | — |  |  |
Operating income (loss) | 100,036 |  |  | 12,650 |  |  | 243,707 |  |  | 17,569 |  |  |
Interest income | — |  |  | 51 |  |  | 43 |  |  | 80 |  |  |
Interest expense and amortization of discounts and loan costs | (1,621) |  |  | (9,517) |  |  | (5,588) |  |  | (18,020) |  |  |
Interest expense associated with hotels in receivership | (11,944) |  |  | (8,493) |  |  | (24,042) |  |  | (15,640) |  |  |
Write-off of premiums, loan costs and exit fees | (850) |  |  | — |  |  | (838) |  |  | — |  |  |
Gain (loss) on extinguishment of debt | — |  |  | — |  |  | 45 |  |  | — |  |  |
Income (loss) before income taxes | 85,621 |  |  | (5,309) |  |  | 213,327 |  |  | (16,011) |  |  |
(Income) loss before income taxes attributable to redeemable noncontrolling interests in operating partnership | (1,079) |  |  | 61 |  |  | (2,677) |  |  | 165 |  |  |
Net income (loss) attributable to the Company | $ | 84,542 |  |  | $ | (5,248) |  |  | $ | 210,650 |  |  | $ | (15,846) |  |  |

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