XML 123 R102.htm IDEA: XBRL DOCUMENT v3.25.1
Related Party Transactions - Narrative (Details)
 3 Months Ended 12 Months Ended
Aug. 08, 2024
hotel
Mar. 02, 2023
USD ($)
Mar. 15, 2022
USD ($)
Jan. 27, 2022
USD ($)
Dec. 31, 2020
USD ($)
Jun. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
installment
hotel
Dec. 31, 2023
USD ($)
hotel
Dec. 31, 2022
USD ($)
hotel
Nov. 08, 2024
hotel
Sep. 11, 2024
$ / usDollarPerADecimalUnit
Mar. 12, 2024
USD ($)
successive_period
Mar. 11, 2024
USD ($)
Dec. 06, 2023
Sep. 27, 2022
Related Party Transaction [Line Items]                              
Number of hotel properties | hotel 8           69                
Number of hotel properties excluded from gross book value | hotel                   19          
Aggregate non-listed preferred equity offerings         $ 400,000,000                    
Number of hotels | hotel             95 100 101            
Subsidiaries                              
Related Party Transaction [Line Items]                              
Number of hotel properties | hotel             68                
Variable Interest Entity, Primary Beneficiary, Stirling OP                              
Related Party Transaction [Line Items]                              
Number of hotel properties | hotel             4                
Number of hotels | hotel             4                
Design and Construction Fees                              
Related Party Transaction [Line Items]                              
Project management fees (as a percent)             4.00%                
Ashford Inc.                              
Related Party Transaction [Line Items]                              
Allocation percentage       45.00% 0.00%                    
Ashford Inc. | Braemar Hotels & Resorts Inc                              
Related Party Transaction [Line Items]                              
Allocation percentage       45.00% 50.00%                    
Ashford Inc. | Ashford Inc.                              
Related Party Transaction [Line Items]                              
Allocation percentage       10.00% 50.00%                    
REIT Cash Management Strategies Agreement                              
Related Party Transaction [Line Items]                              
Annual fee, average daily balance of funds                             0.0020
Second A&R HMA Agreement                              
Related Party Transaction [Line Items]                              
Initial term                       10 years      
A&R PMA Agreement                              
Related Party Transaction [Line Items]                              
Initial term                       10 years      
Management fees related to development (as a percent)                       8.00%      
Affiliated entity                              
Related Party Transaction [Line Items]                              
Related party transaction, maximum cash incentive compensation   $ 13,100,000 $ 8,500,000                        
Credit agreement term (in years)                         2 years    
Maximum financial impact                       $ 2,000,000      
Tangible net worth covenant                       $ 750,000,000 $ 1,000,000,000    
Percentage of net equity proceeds                       75.00% 75.00%    
Minimum | Management Fees | Management Fees                              
Related Party Transaction [Line Items]                              
Percent of gross revenue             3.00%                
Ashford Inc.                              
Related Party Transaction [Line Items]                              
Amount committed       $ 18,000,000                      
Amount funded             $ 13,200,000 $ 180,000              
Amount pre-funded             $ 503,000                
Payable amount               3,100,000              
Ashford Inc. | Affiliated entity                              
Related Party Transaction [Line Items]                              
Percentage of base fee paid             0.90                
Number of equal annual installments | installment             3                
Payment to affiliated entity             $ 3,400,000                
Payment resulting from true-up           $ 3,200,000                  
Monthly base fee, percentage of total market capitalization             0.0583                
Minimum base fee             0.0833                
Stirling Operating Partnership                              
Related Party Transaction [Line Items]                              
Annual management fee (as a percent)                           1.25%  
Percent of project costs related to project management fee             4.00%                
Percentage of project costs in excess of gross revenue             5.00%                
Design project management fee, percentage of project costs             3.00%                
Percent of project fees related to architecture             6.50%                
Percent of project fees related to construction management costs             10.00%                
Project fee, interior design, percentage of purchase price             6.00%                
Project fee, FFE purchasing, percentage of purchase price             8.00%                
Purchase price threshold amount             $ 2,000,000                
Procurement fee percentage over purchase price threshold             6.00%                
Percent of project fees related to freight expediting             8.00%                
Percent of project fees related to warehousing             8.00%                
Percent of project fees related to development fees             4.00%                
Lismore Capital | Debt Placement Services And Loan Modifications                              
Related Party Transaction [Line Items]                              
Amount of transaction             $ 3,400,000 2,400,000 $ 1,600,000            
Remington Hospitality | Subsidiaries                              
Related Party Transaction [Line Items]                              
Number of hotel properties managed by affiliates | hotel             50                
Remington Hospitality | Variable Interest Entity, Primary Beneficiary, Stirling OP                              
Related Party Transaction [Line Items]                              
Number of hotel properties managed by affiliates | hotel             3                
Remington Hospitality | Second A&R HMA Agreement                              
Related Party Transaction [Line Items]                              
Number of successive periods | successive_period                       3      
Duration of successive periods                       7 years      
Final term                       4 years      
Remington Hospitality | A&R PMA Agreement                              
Related Party Transaction [Line Items]                              
Number of successive periods | successive_period                       3      
Duration of successive periods                       7 years      
Final term                       4 years      
Remington Hospitality | Remington Hospitality | First Amendment to the Second A&R HMA Agreement                              
Related Party Transaction [Line Items]                              
Group service charge, monthly capped amount (in dollars per room) | $ / usDollarPerADecimalUnit                     38.32        
Group service charge, monthly capped amount, annual percentage increase                     3.00%        
Remington Hospitality | Minimum | Management Fees | Management Fees                              
Related Party Transaction [Line Items]                              
Payment of monthly property management fees             $ 17,000                
Percent of gross revenue             3.00%                
Remington Hospitality | Related Party                              
Related Party Transaction [Line Items]                              
Other receivables             $ 2,900,000 $ 5,900,000              
Stirling OP                              
Related Party Transaction [Line Items]                              
Reimbursement period (in months)             120 months