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Dispositions and Impairment Charges (Tables)
9 Months Ended
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 from the Company’s dispositions (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
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 other193 (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 properties6,389 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 debt2,745 — 2,790 — 
Income (loss) before income taxes1,422 (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)