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Segment Reporting - Schedule of Reconciliation of Operating Income (Loss) to Net Income (Loss) (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Revenue $ 266,061 $ 276,600 $ 845,421 $ 896,978
Depreciation and amortization (34,589) (37,740) (107,204) (115,471)
Impairment charges (18,374) 0 (19,821) 0
Advisory services fee (10,550) (11,856) (34,112) (38,531)
Corporate, general, and administrative (7,303) (5,059) (17,120) (20,462)
Gain (loss) on disposition of assets and hotel properties 16,753 9 55,305 94,406
Gain (loss) on derecognition of assets 9,703 11,114 29,649 156,748
Equity in earnings (loss) of unconsolidated entities 129 (133) (258) (828)
Interest income 1,199 1,771 3,666 5,443
Other income (expense), net 0 36 0 108
Interest expense associated with hotels in receivership (9,684) (11,120) (29,632) (35,162)
Write-off of premiums, loan costs and exit fees (2,278) (17) (8,361) (3,831)
Gain (loss) on extinguishment of debt 58 2,745 43 2,790
Realized and unrealized gain (loss) on derivatives (1,228) (6,202) (4,804) (84)
Income tax (expense) benefit (259) 445 (695) (3,313)
NET INCOME (LOSS) (62,725) (59,128) (117,362) 64,088
Other        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Revenue 385 582 1,150 1,904
Other hotel        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Revenue 17,838 16,672 53,064 50,298
Direct Hotel Investments        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Hotel adjusted EBITDA 68,740 71,833 239,492 245,279
Depreciation and amortization (34,589) (37,740) (107,204) (115,471)
Impairment charges (18,374) 0 (19,821) 0
Advisory services fee (10,550) (11,856) (34,112) (38,531)
Corporate, general, and administrative (7,303) (5,059) (17,120) (20,462)
Gain (loss) on disposition of assets and hotel properties 16,753 9 55,305 94,406
Gain (loss) on derecognition of assets 9,703 11,114 29,649 156,748
Equity in earnings (loss) of unconsolidated entities 129 (133) (258) (828)
Interest income 1,199 1,771 3,666 5,443
Other income (expense), net 0 36 0 108
Interest expense and amortization of discounts and loan costs (62,879) (66,825) (200,368) (209,202)
Interest expense associated with hotels in receivership (9,684) (11,120) (29,632) (35,162)
Write-off of premiums, loan costs and exit fees (2,278) (17) (8,361) (3,831)
Gain (loss) on extinguishment of debt 58 2,745 43 2,790
Realized and unrealized gain (loss) on derivatives (1,228) (6,202) (4,804) (84)
Income tax (expense) benefit (259) 445 (695) (3,313)
NET INCOME (LOSS) (62,725) (59,128) (117,362) 64,088
Direct Hotel Investments | Other        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Revenue 385 582 1,150 1,904
Direct Hotel Investments | Other hotel        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Revenue 17,838 16,672 53,064 50,298
Cost of goods and service, adjusted (12,425) (6,099) (22,986) (11,577)
Direct Hotel Investments | Management Fees        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Cost of goods and service, adjusted (65) (209) (408) (750)
Ownership expenses included in property taxes, insurance and other $ (58) $ (2,403) $ (898) $ (3,379)