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Leases (Tables)
 9 Months Ended
Sep. 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 September 30, 2024 and December 31, 2023 (in thousands):

Balance Sheet ClassificationROU Asset
as of September 30, 2024		ROU Asset
as of December 31, 2023
Finance lease assets, netInvestment in hotel properties, net$43,174 $— 
Operating lease assets, netRight of use asset, net17,699 18,141 
Total ROU asset, net$60,873 $18,141 
Balance Sheet ClassificationLease Liability
as of September 30, 2024		Lease Liability
as of December 31, 2023
Finance lease liabilityLease liability$278 $— 
Operating lease liabilityLease liability20,471 20,808 
Total lease liability$20,749 $20,808 
Schedule of Lease Cost
Lease Term and Discount RateSeptember 30, 2024
Weighted-average remaining lease term (years)41.6
Weighted-average discount rate6.89%
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 September 30, 2024, for each of the next five calendar years and thereafter (in thousands):


Total Future Lease PaymentsAmount
2024 (remaining three months)$472 
20251,966 
20261,768 
20271,313 
20281,338 
Thereafter62,510 
Total lease payments$69,367 
Less: Imputed interest(48,618)
Present value of lease liabilities$20,749