XML 90 R78.htm IDEA: XBRL DOCUMENT v3.25.1
Segment Reporting (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2025
USD ($)
segment
Mar. 31, 2024
USD ($)
Segment Reporting [Abstract]    
Number of operating segments | segment 1  
Number of reportable segments | segment 1  
REVENUE    
Total revenue $ 277,359 $ 303,896
EXPENSES    
Total hotel operating expenses 188,474 210,887
Indirect expenses:    
Total operating expenses 257,739 292,268
Total Hotel    
REVENUE    
Total revenue 277,050 303,257
Rooms    
REVENUE    
Total revenue 206,301 229,207
EXPENSES    
Total hotel operating expenses 47,790 54,680
Food and beverage    
REVENUE    
Total revenue 54,529 57,358
EXPENSES    
Total hotel operating expenses 35,726 37,831
Other hotel    
REVENUE    
Total revenue 16,220 16,692
EXPENSES    
Total hotel operating expenses 95,110 106,826
Management Fees    
EXPENSES    
Total hotel operating expenses 9,848 11,550
Direct Hotel Investments    
EXPENSES    
Direct expenses 2,175 2,309
Indirect expenses:    
Property, general and administration 24,398 32,461
Sales and marketing 28,410 31,505
Information and telecommunications systems 4,583 4,320
Repairs and maintenance 13,175 14,380
Energy 9,939 11,283
Lease expense 1,264 1,102
Ownership expenses 555 590
Incentive management fee 3,660 4,757
Property taxes 9,927 10,297
Other taxes 116 224
Insurance 5,422 6,444
Total operating expenses 195,598 222,151
Hotel adjusted EBITDA 77,335 77,484
Direct Hotel Investments | Total Hotel    
REVENUE    
Total revenue 272,933 299,635
Direct Hotel Investments | Rooms    
REVENUE    
Total revenue 202,251 225,650
EXPENSES    
Total hotel operating expenses 46,858 53,740
Direct Hotel Investments | Food and beverage    
REVENUE    
Total revenue 54,529 57,358
EXPENSES    
Total hotel operating expenses 35,726 37,831
Direct Hotel Investments | Other hotel    
REVENUE    
Total revenue 16,153 16,627
Direct Hotel Investments | Management Fees    
EXPENSES    
Total hotel operating expenses $ 9,390 $ 10,908