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Segment Information
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Information
Note 13. Segment Information
We aggregate our hotels and net lease portfolio into two reportable segments, hotel investments and net lease investments, based on their similar operating and economic characteristics.
Three Months Ended June 30, 2024
HotelsNet LeaseCorporateConsolidated
Revenues:    
Hotel operating revenues$412,486 $— $— $412,486 
Rental income— 100,462 — 100,462 
Total revenues412,486 100,462 — 512,948 
Expenses:    
Hotel operating expenses 328,247 — — 328,247 
Net lease operating expenses— 4,958 — 4,958 
Depreciation and amortization 55,389 40,285 — 95,674 
General and administrative — — 10,681 10,681 
Loss on asset impairment, net33,107 1,780 — 34,887 
Total expenses 416,743 47,023 10,681 474,447 
Loss on sale of real estate, net(27)(5)— (32)
Interest income 64 36 719 819 
Interest expense — (11,441)(82,409)(93,850)
Loss on early extinguishment of debt, net— — (16,048)(16,048)
(Loss) income before income tax expense and equity in losses of an investee
(4,220)42,029 (108,419)(70,610)
Income tax expense— — (524)(524)
Equity in losses of an investee — — (2,716)(2,716)
Net (loss) income$(4,220)$42,029 $(111,659)$(73,850)
 Six Months Ended June 30, 2024
HotelsNet LeaseCorporateConsolidated
Revenues:    
Hotel operating revenues $748,722 $— $— $748,722 
Rental income— 200,476 — 200,476 
Total revenues 748,722 200,476 — 949,198 
Expenses:    
Hotel operating expenses 633,333 — — 633,333 
Net lease operating expenses— 9,681 — 9,681 
Depreciation and amortization 110,475 78,306 — 188,781 
General and administrative — — 21,187 21,187 
Loss on asset impairment, net33,107 4,231 — 37,338 
Total expenses 776,915 92,218 21,187 890,320 
Loss on sale of real estate, net(863)(2,132)— (2,995)
Interest income 127 141 2,513 2,781 
Interest expense — (22,958)(162,306)(185,264)
Loss on early extinguishment of debt, net— — (16,048)(16,048)
(Loss) income before income tax expense and equity in losses of an investee(28,929)83,309 (197,028)(142,648)
Income tax expense— — (1,531)(1,531)
Equity in losses of an investee — — (8,054)(8,054)
Net (loss) income$(28,929)$83,309 $(206,613)$(152,233)
 As of June 30, 2024
HotelsNet LeaseCorporateConsolidated
Total assets$3,955,348 $3,010,215 $156,098 $7,121,661 
Three Months Ended June 30, 2023
HotelsNet LeaseCorporateConsolidated
Revenues:   
Hotel operating revenues $404,327 $— $— $404,327 
Rental income— 99,452 — 99,452 
Total revenues 404,327 99,452 — 503,779 
Expenses:    
Hotel operating expenses 309,100 — — 309,100 
Net lease operating expenses— 5,202 (830)4,372 
Depreciation and amortization 53,449 41,122 — 94,571 
General and administrative — — 12,420 12,420 
Transaction related costs473 415 43 931 
Loss on asset impairment, net— 9,005 — 9,005 
Total expenses 363,022 55,744 11,633 430,399 
Gain (loss) on sale of real estate, net20 (82)— (62)
Loss on equity securities, net— — (593)(593)
Interest income 21 23 3,424 3,468 
Interest expense — (11,435)(71,068)(82,503)
Loss on early extinguishment of debt— — (238)(238)
Income (loss) before income tax expense and equity in earnings of an investee41,346 32,214 (80,108)(6,548)
Income tax expense— — (5,247)(5,247)
Equity in earnings of an investee — — 517 517 
Net income (loss)$41,346 $32,214 $(84,838)$(11,278)
 Six Months Ended June 30, 2023
HotelsNet LeaseCorporateConsolidated
Revenues:    
Hotel operating revenues $739,123 $— $— $739,123 
Rental income— 193,865 — 193,865 
Total revenues 739,123 193,865 — 932,988 
Expenses:    
Hotel operating expenses 608,666 — — 608,666 
Net lease operating expenses— 8,277 — 8,277 
Depreciation and amortization 106,834 87,776 — 194,610 
General and administrative — — 23,331 23,331 
Transaction related costs473 415 930 1,818 
Loss on asset impairment, net— 9,005 — 9,005 
Total expenses 715,973 105,473 24,261 845,707 
Gain (loss) on sale of real estate, net41,918 (82)— 41,836 
Gain on equity securities, net— — 48,837 48,837 
Interest income51 25 6,178 6,254 
Interest expense— (17,757)(146,326)(164,083)
Loss on early extinguishment of debt— — (282)(282)
Income (loss) before income tax expense and equity in losses of an investee65,119 70,578 (115,854)19,843 
Income tax expense— — (1,467)(1,467)
Equity in losses of an investee — — (3,704)(3,704)
Net income (loss)$65,119 $70,578 $(121,025)$14,672 
 As of December 31, 2023
HotelsNet LeaseCorporateConsolidated
Total assets$3,943,213 $3,084,686 $328,217 $7,356,116