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Real Estate Properties (Tables)
 12 Months Ended
Dec. 31, 2025
Real Estate [Abstract]  
Schedule of Allocation of Purchase Price for Acquisitions Based on Estimated Fair Value of Acquired Assets and Assumed Liabilities We accounted for the transactions as acquisitions of assets and allocated the purchase price based on the estimated fair value of the assets acquired as follows:
Property TypeNumber of PropertiesSquare Feet / Rooms or Suites
Purchase Price (1)
LandBuildings, Improvements and EquipmentAcquired Real Estate Leases
Properties acquired during the year ended December 31, 2025:
Net Lease29283,759$94,552 $21,880 $58,755 $13,917 
Properties acquired during the year ended December 31, 2023:
Hotel1250$165,866 $83,200 $82,666 $— 
(1)Purchase price is the net contract price, plus closing costs of $809 and $466 for the years ended December 31, 2025 and 2023, respectively.
Schedule of Sale of Properties The sales of these properties as presented in the table below do not represent a strategic shift in our business. As a result, the results of the operations of these properties are included in continuing operations through the date of sale in our consolidated statements of comprehensive income (loss).
Property TypeNumber of PropertiesSquare Feet / Rooms or Suite
Gross Sales Price (1)
(Loss) / Gain on Sale of Real Estate, net (2)
Loss on Impairment of Real Estate (3)
Properties sold during the year ended December 31, 2025:
Net Lease11324,402 $19,591 $(1,329)$4,277 
Hotels11214,631 858,752 85,547 77,511 
123
324,402 / 14,631
$878,343 $84,218 $81,788 
Properties sold during the year ended December 31, 2024:
Net Lease1096,929 $8,547 $(3,240)$3,936 
Hotels151,910 97,315 9,509 29,734 
25
96,929 / 1,910
$105,862 $6,269 $33,670 
Properties sold during the year ended December 31, 2023:
Net Lease13160,310 $13,095 $1,378 $6,338 
Hotels182,526 157,230 41,861 — 
31
160,310 / 2,526
$170,325 $43,239 $6,338 
(1)Gross sales price is the gross contract price, excluding closing costs.
(2)2025 includes a gain of $84 related to an eminent domain land taking at one of our travel centers. 2024 includes a gain of $1,100 related to an eminent domain land taking at one of our hotels.
(3)We also recorded impairment of $101, $22,542 and $3,206 during the years ended December 31, 2025, 2024 and 2023, respectively, related to certain properties we owned during the periods presented.
The following table summarizes the major class of assets and liabilities by our net lease investments and hotel investments segments as of December 31, 2025:
As of December 31, 2025
Net LeaseHotelsTotal
Assets of properties held for sale:   
Real estate properties, net$573 $86,619 $87,192 
Other assets, net (1)
9 7,165 7,174 
Total assets of properties held for sale$582 $93,784 $94,366 
Liabilities of properties held for sale:
Accounts payable and other liabilities$6 $5,323 $5,329 
Total liabilities of properties held for sale$6 $5,323 $5,329 
(1) Other assets, net includes working capital of $1,439 for our hotel investments segment as described in Note 4.