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v3.25.4

Leases and Management Agreements - IHG Agreement (Details) $ in Thousands | 1 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2025 property | Dec. 31, 2025 USD ($) property | Dec. 31, 2024 USD ($) | Dec. 31, 2023 USD ($)
Management Agreements and Leases [Line Items] |  |  |  |
Number of properties | property | 854 | 854 |  |
Realized returns under management agreement |  | $ 117,808 | $ 139,391 | $ 485,549
Capital improvements from leased facilities, funded |  | $ 224,833 | 303,600 | 200,894
Hotels |  |  |  |
Management Agreements and Leases [Line Items] |  |  |  |
Number of properties | property | 94 | 94 |  |
IHG Agreement |  |  |  |
Management Agreements and Leases [Line Items] |  |  |  |
Capital improvements from leased facilities, funded |  | $ 1,729 | 1,124 |
IHG Agreement | Hotels |  |  |  |
Management Agreements and Leases [Line Items] |  |  |  |
Number of properties | property | 1 | 1 |  |
Extension term (in years) | 1 year |  |  |
Realized returns under management agreement |  | $ 5,719 | $ 5,051 | 4,800
Working capital recovered |  |  |  | $ (5,797)

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- Definition Amount of cash inflow (outflow) from operating activity, including, but not limited to, discontinued operation. Operating activity includes, but is not limited to, transaction, adjustment, and change in value not defined as investing or financing activity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-24 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-25 + Details
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- Definition The cash outflow for acquisition of or capital improvements to properties held for investment (operating, managed, leased) or for use. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 13 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-13 + Details
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