XML 44 R33.htm IDEA: XBRL DOCUMENT
v3.24.3

Hotel Disposition (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Condensed Financial Information from Hotel Property | The following table includes the condensed consolidated financial information from this hotel property (in thousands):
| Three Months Ended September 30, |  |  |  | Nine Months Ended September 30, |
| 2024 |  | 2023 |  |  |  | 2024 |  | 2023 |  |  |
Total hotel revenue | $ | 2,049 |  |  | $ | 13,688 |  |  |  |  | $ | 27,901 |  |  | $ | 37,969 |  |  |  |
Total hotel operating expenses | (1,563) |  |  | (7,959) |  |  |  |  | (17,130) |  |  | (22,939) |  |  |  |
Property taxes, insurance and other | (135) |  |  | (768) |  |  |  |  | (1,690) |  |  | (2,107) |  |  |  |
Depreciation and amortization | (179) |  |  | (1,052) |  |  |  |  | (2,328) |  |  | (3,123) |  |  |  |
Gain (loss) on disposition of assets and hotel property | 88,160 |  |  | — |  |  |  |  | 88,160 |  |  | — |  |  |  |
Operating income (loss) | 88,332 |  |  | 3,909 |  |  |  |  | 94,913 |  |  | 9,800 |  |  |  |
Interest income | 55 |  |  | 94 |  |  |  |  | 265 |  |  | 252 |  |  |  |
Interest expense and amortization of loan costs | (318) |  |  | (1,608) |  |  |  |  | (3,856) |  |  | (4,557) |  |  |  |
Write-off of loan costs and exit fees | — |  |  | — |  |  |  |  | (101) |  |  | — |  |  |  |
Income (loss) before income taxes | 88,069 |  |  | 2,395 |  |  |  |  | 91,221 |  |  | 5,495 |  |  |  |
Income from consolidated entities attributable to noncontrolling interests | (26,296) |  |  | (1,015) |  |  |  |  | (28,024) |  |  | (2,575) |  |  |  |
(Income) loss before income taxes attributable to redeemable noncontrolling interests in operating partnership | (4,973) |  |  | (92) |  |  |  |  | (5,017) |  |  | (202) |  |  |  |
Income (loss) before income taxes attributable to the Company | $ | 56,800 |  |  | $ | 1,288 |  |  |  |  | $ | 58,180 |  |  | $ | 2,718 |  |  |  |

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483475/205-20-45-11 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3A Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4A Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5A Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5B Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5C Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5D -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5D Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 205 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-1 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration