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Hotel Disposition (Tables) | 12 Months Ended
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Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Condensed Financial Information from Hotel Property | The following table includes the consolidated financial information from this hotel property (in thousands):
|  |  |  |  | Year Ended December 31, |
|  |  |  |  |  |  | 2024 |  | 2023 |  | 2022 |
Total hotel revenue |  |  |  |  |  |  | $ | 27,901 |  |  | $ | 50,714 |  |  | $ | 49,076 |  |
Total hotel operating expenses |  |  |  |  |  |  | (17,194) |  |  | (30,999) |  |  | (29,336) |  |
Property taxes, insurance and other |  |  |  |  |  |  | (1,704) |  |  | (2,876) |  |  | (2,532) |  |
Depreciation and amortization |  |  |  |  |  |  | (2,328) |  |  | (4,176) |  |  | (4,118) |  |
Gain (loss) on disposition of assets and hotel property |  |  |  |  |  |  | 88,115 |  |  | — |  |  | — |  |
Operating income (loss) |  |  |  |  |  |  | 94,790 |  |  | 12,663 |  |  | 13,090 |  |
Interest income |  |  |  |  |  |  | 273 |  |  | 346 |  |  | 73 |  |
Interest expense and amortization of loan costs |  |  |  |  |  |  | (3,856) |  |  | (6,069) |  |  | (3,202) |  |
Write-off of loan costs and exit fees |  |  |  |  |  |  | (101) |  |  | — |  |  | (21) |  |
Income (loss) before income taxes |  |  |  |  |  |  | 91,106 |  |  | 6,940 |  |  | 9,940 |  |
Income from consolidated entities attributable to noncontrolling interests |  |  |  |  |  |  | (27,995) |  |  | (3,335) |  |  | (3,419) |  |
(Income) loss before income taxes attributable to redeemable noncontrolling interests in operating partnership |  |  |  |  |  |  | (5,028) |  |  | (247) |  |  | (502) |  |
Income (loss) before income taxes attributable to the Company |  |  |  |  |  |  | $ | 58,083 |  |  | $ | 3,358 |  |  | $ | 6,019 |  |

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