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Leases (Tables) | 6 Months Ended
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Jun. 30, 2024
Leases [Abstract] |
Schedule of Right of Use Asset and Liability | The following table includes information regarding the ROU assets and lease liabilities of the Company as of June 30, 2024 and December 31, 2023 (in thousands):
| Balance Sheet Classification |  | ROU Asset as of June 30, 2024 |  | ROU Asset as of December 31, 2023
Finance lease assets, net | Investment in hotel properties, net |  | $ | 43,580 |  |  | $ | — |
Operating lease assets, net | Right of use asset, net |  | 17,849 |  |  | 18,141 |
Total ROU asset, net |  |  | $ | 61,429 |  |  | $ | 18,141 |
| Balance Sheet Classification |  | Lease Liability as of June 30, 2024 |  | Lease Liability as of December 31, 2023
Finance lease liability | Lease liability |  | $ | 273 |  |  | $ | — |
Operating lease liability | Lease liability |  | 20,586 |  |  | 20,808 |
Total lease liability |  |  | $ | 20,859 |  |  | $ | 20,808 |
Schedule of Lease Cost |
Lease Term and Discount Rate | June 30, 2024
Weighted-average remaining lease term (years) | 41.6
Weighted-average discount rate | 6.90%
Schedule of Operating Lease Maturity | The following table includes information regarding the Company's total minimum lease payments for which it is the lessee, as of June 30, 2024, for each of the next five calendar years and thereafter (in thousands):
Total Future Lease Payments | Amount
2024 (remaining six months) | $ | 940 |
2025 | 1,966 |
2026 | 1,768 |
2027 | 1,313 |
2028 | 1,338 |
Thereafter | 62,510 |
Total lease payments | $ | 69,835 |
Less: Imputed interest | (48,976) |
Present value of lease liabilities | $ | 20,859 |

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
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- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-6 + Details
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