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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Management Agreement Terms
As of December 31, 2024, certain key terms of the Company's management agreements are (dollars are not in thousands):
PropertyManagement CompanyBase Management FeeMonthly Accounting FeeMonthly Revenue Management FeeIncentive Management Fee Cap
Homewood Suites by Hilton Boston-Billerica/ Bedford/ BurlingtonIHM3.0 %$1,200$1,0001.0 %
Homewood Suites by Hilton Nashville-BrentwoodIHM3.0 %$1,200$1,0001.0 %
Homewood Suites by Hilton Hartford-FarmingtonIHM3.0 %$1,200$1,0001.0 %
Hampton Inn & Suites Houston-Medical CenterIHM3.0 %$1,200$1,0001.0 %
Residence Inn Long Island HoltsvilleIHM3.0 %$1,200$1,0001.0 %
Residence Inn White PlainsIHM3.0 %$1,200$1,0001.0 %
Residence Inn New RochelleIHM3.0 %$1,200$1,0001.0 %
Residence Inn Garden GroveIHM3.0 %$1,500$1,0001.0 %
Homewood Suites by Hilton San Antonio River WalkIHM3.0 %$1,200$1,0001.0 %
Residence Inn Washington DCIHM3.0 %$1,200$1,0001.0 %
Residence Inn Tysons CornerIHM3.0 %$1,200$1,0001.0 %
Hampton Inn Portland DowntownIHM3.0 %$1,200$1,0001.0 %
Courtyard HoustonIHM3.0 %$1,500$1,0001.0 %
Hyatt Place Pittsburgh North ShoreIHM3.0 %$1,500$1,0001.0 %
Hampton Inn ExeterIHM3.0 %$1,200$1,0001.0 %
Residence Inn BellevueIHM3.0 %$1,500$1,0001.0 %
SpringHill Suites SavannahIHM3.0 %$1,500$1,0001.0 %
Residence Inn Silicon Valley IIHM3.0 %$1,200$1,0001.0 %
Residence Inn Silicon Valley IIIHM3.0 %$1,200$1,0001.0 %
Residence Inn San MateoIHM3.0 %$1,200$1,0001.0 %
Residence Inn Mountain ViewIHM3.0 %$1,200$1,0001.0 %
Hyatt Place Cherry CreekIHM3.0 %$1,500$1,0001.0 %
Courtyard AddisonIHM3.0 %$1,500$1,0001.0 %
Residence Inn San Diego GaslampIHM3.0 %$1,500$1,0001.0 %
Hilton Garden Inn Marina del ReyIHM3.0 %$1,500$1,0001.0 %
Residence Inn DedhamIHM3.0 %$1,200$1,0001.0 %
Residence Inn Il LuganoIHM3.0 %$1,500$1,0001.0 %
Hilton Garden Inn PortsmouthIHM3.0 %$1,500$1,0001.0 %
Courtyard SummervilleIHM3.0 %$1,500$1,0001.0 %
Embassy Suites SpringfieldIHM3.0 %$1,500$1,0001.0 %
Residence Inn SummervilleIHM3.0 %$1,500$1,0001.0 %
Courtyard DallasIHM3.0 %$1,500$1,0001.0 %
Residence Inn Austin Northwest/The Domain AreaIHM3.0 %$1,500$1,0001.0 %
TownePlace Suites Austin Northwest/The Domain AreaIHM3.0 %$1,500$1,0001.0 %
Home2 Suites Woodland HillsIHM3.0 %$1,500$1,0001.0 %
Hilton Garden Inn Destin Miramar BeachIHM3.0 %$1,500$1,0001.0 %
Home2 Suites Phoenix DowntownIHM3.0 %$1,500$1,0001.0 %
Schedule of Franchise Agreement Terms erms of the Company's franchise agreements are:
PropertyFranchise/Royalty FeeMarketing/Program FeeExpiration
Homewood Suites by Hilton Boston-Billerica/ Bedford/ Burlington4.0 %4.0 %2025
Homewood Suites by Hilton Nashville-Brentwood4.0 %4.0 %2025
Homewood Suites by Hilton Hartford-Farmington4.0 %4.0 %2025
Hampton Inn & Suites Houston-Medical Center6.0 %4.0 %2035
Residence Inn Long Island Holtsville5.5 %2.5 %2025
Residence Inn White Plains5.5 %2.5 %2030
Residence Inn New Rochelle5.5 %2.5 %2030
Residence Inn Garden Grove5.0 %2.5 %2031
Homewood Suites by Hilton San Antonio River Walk4.0 %4.0 %2026
Residence Inn Washington DC5.5 %2.5 %2033
Residence Inn Tysons Corner5.0 %2.5 %2031
Hampton Inn Portland Downtown6.0 %4.0 %2032
Courtyard Houston5.5 %2.0 %2030
Hyatt Place Pittsburgh North Shore5.0 %3.5 %2030
Hampton Inn Exeter6.0 %4.0 %2031
Residence Inn Bellevue5.5 %2.5 %2033
SpringHill Suites Savannah5.0 %2.5 %2033
Residence Inn Silicon Valley I5.5 %2.5 %2029
Residence Inn Silicon Valley II5.5 %2.5 %2029
Residence Inn San Mateo5.5 %2.5 %2029
Residence Inn Mountain View5.5 %2.5 %2029
Hyatt Place Cherry Creek5.0 %3.5 %2034
Courtyard Addison5.5 %2.0 %2029
Residence Inn San Diego Gaslamp6.0 %2.5 %2035
Hilton Garden Inn Marina del Rey5.5 %4.3 %2030
Residence Inn Dedham6.0 %2.5 %2030
Residence Inn Il Lugano6.0 %2.5 %2045
Hilton Garden Inn Portsmouth5.5 %4.0 %2037
Courtyard Summerville6.0 %2.5 %2037
Embassy Suites Springfield5.5 %4.0 %2037
Residence Inn Summerville6.0 %2.5 %2038
Courtyard Dallas6.0 %2.0 %2038
Residence Inn Austin Northwest/The Domain Area6.0 %2.5 %2036
TownePlace Suites Austin Northwest/The Domain Area5.5 %2.0 %2041
Home2 Suites Woodland Hills5.0%3.0 %2040
Hilton Garden Inn Destin Miramar Beach5.5 %4.0 %2042
Home2 Suites Phoenix Downtown
3.0% to 5.0%
3.5 %2044