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Equity (Tables)
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Dividends Declared
Common Stock Dividends—The following table summarizes the common stock dividends declared during the period (in thousands):
Year Ended December 31,
202420232022
Common stock dividends declared$13,401 $13,423 $5,665 
The following table summarizes dividends declared (in thousands):
Year Ended December 31,
202420232022
Series D Cumulative Preferred Stock$3,300 $3,300 $3,300 
Summarized Financial Information
The following table summarizes our carrying value and ownership interest in OpenKey:
December 31, 2024December 31, 2023
Carrying value of the investment in OpenKey (in thousands)$— $1,416 
Ownership interest in OpenKey7.9 %7.9 %
The following table summarizes our equity in earnings (loss) in OpenKey (in thousands):
Year Ended December 31,
Line Item202420232022
Equity in earnings (loss) of unconsolidated entity$(297)$(273)$(328)
The following table summarizes our note receivable from OpenKey (in thousands):
Line ItemDecember 31, 2024December 31, 2023
Investment in unconsolidated entity$145 $258 
The following table summarizes the interest income associated with the loan to OpenKey (in thousands):
Year Ended December 31,
Line Item202420232022
Equity in earnings (loss) of unconsolidated entity$40 $20 $— 
The following table summarizes the (income) loss allocated to the noncontrolling interest in consolidated entities (in thousands):
Year Ended December 31,
202420232022
(Income) loss from consolidated entities attributable to noncontrolling interests$(25,928)$(1,619)$(2,063)