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Dispositions and Impairment Charges (Tables) | 9 Months Ended
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Sep. 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 nine months ended September 30, 2024 and 2023 f rom the Company’s dispositions (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |
Total hotel revenue | $ | 58 |  |  | $ | 66,744 |  |  | $ | 41,158 |  |  | $ | 200,658 |  |  |
Total hotel operating expenses | (672) |  |  | (46,007) |  |  | (31,011) |  |  | (136,229) |  |  |
Property taxes, insurance and other | 193 |  |  | (3,830) |  |  | (2,909) |  |  | (11,189) |  |  |
Depreciation and amortization | (6) |  |  | (8,765) |  |  | (3,937) |  |  | (27,389) |  |  |
Total operating expenses | (485) |  |  | (58,602) |  |  | (37,857) |  |  | (174,807) |  |  |
Gain (loss) on consolidation of VIE and disposition of assets and hotel properties | 9 |  |  | 6,389 |  |  | 94,397 |  |  | 6,389 |  |  |
Gain (loss) on derecognition of assets | 11,114 |  |  | — |  |  | 156,748 |  |  | — |  |  |
Operating income (loss) | 10,696 |  |  | 14,531 |  |  | 254,446 |  |  | 32,240 |  |  |
Interest income | — |  |  | 75 |  |  | 43 |  |  | 155 |  |  |
Interest expense and amortization of discounts and loan costs | (49) |  |  | (11,738) |  |  | (5,993) |  |  | (30,060) |  |  |
Interest expense associated with hotels in receivership | (11,120) |  |  | (11,749) |  |  | (35,162) |  |  | (27,389) |  |  |
Write-off of premiums, loan costs and exit fees | (850) |  |  | — |  |  | (838) |  |  | — |  |  |
Gain (loss) on extinguishment of debt | 2,745 |  |  | — |  |  | 2,790 |  |  | — |  |  |
Income (loss) before income taxes | 1,422 |  |  | (8,881) |  |  | 215,286 |  |  | (25,054) |  |  |
(Income) loss before income taxes attributable to redeemable noncontrolling interests in operating partnership | (17) |  |  | 113 |  |  | (2,655) |  |  | 279 |  |  |
Net income (loss) attributable to the Company | $ | 1,405 |  |  | $ | (8,768) |  |  | $ | 212,631 |  |  | $ | (24,775) |  |  |

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