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Fair Value of Assets and Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2022
Fair Value Disclosures [Abstract] |
Schedule of certain of the entity's assets carried at fair value, categorized by the level of inputs used in the valuation of each asset | The table below presents certain of our assets carried at fair value at December 31, 2022, categorized by the level of inputs, as defined in the fair values hierarchy under GAAP, used in the valuation of each asset.
|  | As of December 31, 2022 |  | As of December 31, 2021
|  | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Investment in TA (Level 1) (1) |  | $ | 53,055 |  |  | $ | 53,055 |  |  | $ | 61,159 |  |  | $ | 61,159 |
Assets of properties held for sale (Level 3) (2) |  | $ | 111,592 |  |  | $ | 111,592 |  |  | $ | 515,518 |  |  | $ | 515,518 |
(1)As of both December 31, 2022 and 2021, we owned 1,184,797 shares of TA common stock, which are included in other assets in our consolidated balance sheets and reported at fair value based on quoted market prices (Level 1 inputs). See Note 6 for further information regarding our investment in TA common stock. (2)As of December 31, 2022, we owned 18 hotels with 2,526 rooms with an aggregate carrying value of $110,215 classified as held for sale and four net lease properties lease properties with 9,667 square feet with an aggregate carrying value of $1,377 classified as held for sale. These properties are recorded at their estimated then fair value less costs to sell based on information derived from third party appraisals (Level 3 inputs as defined in the fair value hierarchy under GAAP). We recorded a $10,989 loss on asset impairment in 2022 to reduce the carrying value of certain of these properties to their estimated fair value less costs to sell. As of December 31, 2021, we owned 67 hotels with 8,667 rooms with an aggregate carrying value of $503,078 and 22 net lease properties with 154,206 square feet with an aggregate carrying value of $12,440 classified as held for sale. These properties are recorded at their then estimated fair value less costs to sell based on information derived from third party appraisals (Level 3 inputs as defined in the fair value hierarchy under GAAP). We recorded a $78,620 loss on asset impairment in 2021 to reduce the carrying value of these properties to their estimated fair value less costs to sell.
Schedule of fair value of additional financial instruments | At December 31, 2022 and 2021, the fair values of these additional financial instruments approximated their carrying values in our consolidated balance sheets due to their short term nature or floating interest rates, except as follows:
| December 31, 2022 |  | December 31, 2021
| Carrying |  | Fair |  | Carrying |  | Fair
| Amount (1) |  | Value |  | Amount (1) |  | Value
Senior Unsecured Notes, due 2022 at 5.00% | $ | — |  |  | $ | — |  |  | $ | 499,244 |  |  | $ | 501,033 |
Senior Unsecured Notes, due 2023 at 4.50% | 499,925 |  |  | 491,345 |  |  | 499,761 |  |  | 505,378 |
Senior Unsecured Notes, due 2024 at 4.65% | 349,510 |  |  | 334,292 |  |  | 349,105 |  |  | 347,039 |
Senior Unsecured Notes, due 2024 at 4.35% | 348,493 |  |  | 749,983 |  |  | 821,017 |  |  | 821,184 |
Senior Unsecured Notes, due 2025 at 4.50% | 346,472 |  |  | 301,893 |  |  | 347,806 |  |  | 342,493 |
Senior Unsecured Notes, due 2025 at 7.50% | 396,916 |  |  | 762,344 |  |  | 791,340 |  |  | 867,712 |
Senior Unsecured Notes, due 2026 at 5.25% | 394,206 |  |  | 292,282 |  |  | 345,342 |  |  | 348,537 |
Senior Unsecured Notes, due 2026 at 4.75% | 391,923 |  |  | 354,128 |  |  | 447,126 |  |  | 439,889 |
Senior Unsecured Notes, due 2027 at 4.95% | 822,487 |  |  | 315,040 |  |  | 396,160 |  |  | 395,862 |
Senior Unsecured Notes, due 2027 at 5.50% | 447,736 |  |  | 387,522 |  |  | 443,383 |  |  | 461,522 |
Senior Unsecured Notes, due 2028 at 3.95% | 419,684 |  |  | 283,996 |  |  | 393,057 |  |  | 370,562 |
Senior Unsecured Notes, due 2029 at 4.95% | 793,673 |  |  | 293,718 |  |  | 418,895 |  |  | 407,448 |
Senior Unsecured Notes, due 2030 at 4.375% | 444,505 |  |  | 264,280 |  |  | 390,786 |  |  | 370,836 |
Total financial liabilities | $ | 5,655,530 |  |  | $ | 4,830,823 |  |  | $ | 6,143,022 |  |  | $ | 6,179,495 |
(1)Carrying value includes unamortized discounts and premiums and certain debt issuance costs.

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- Definition Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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