Real Estate Properties (Tables)

12 Months Ended

Dec. 31, 2023

Real Estate [Abstract]

Schedule of allocation of purchase prices by location

Our allocation of the purchase price for each of our acquisitions in 2023, 2022 and 2021, based on the estimated fair value of the acquired assets and assumed liabilities, is presented in the table below. We accounted for these transactions as acquisitions of assets.

Acquisition Date	Location	Property Type	Rooms or Suites / Square Feet	Purchase Price (1)		Land		Buildings and Improvements		Furniture, Fixtures and Equipment
Properties acquired during the year ended December 31, 2023:
June 1, 2023	Miami Beach, FL	Hotel	250	$	165,866	$	83,200	$	77,987	$	4,679
Properties acquired during the year ended December 31, 2022:
September 12, 2022	Stoughton, MA	Land	—	$	2,766	$	2,766	$	—	$	—
Properties acquired during the year ended December 31, 2021:
March 9, 2021	Nashville, TN	Land	—	$	7,709	$	7,709	$	—	$	—

(1)Includes acquisition related costs of $466, $51 and $109 for the years ended December 31, 2023, 2022 and 2021, respectively.

Schedule of sale of properties

During the years ended December 31, 2023, 2022 and 2021, we sold 31, 86 and 18 properties, respectively, for an aggregate sales price of $170,325, $559,848 and $52,332, respectively, excluding closing costs. The sales of these properties as presented in the table below do not represent significant dispositions, individually or in the aggregate, nor do they represent a strategic shift in our business. As a result, the results of the operations of these properties are included in continuing operations through the date of sale in our consolidated statements of comprehensive income (loss).

Property Type	Number of Properties	Rooms or Suites / Square Feet	Gross Sales Price		Gain / (Loss) on Sale of Real Estate, net
Properties sold during the year ended December 31, 2023:
Hotels	18	2,526	$	157,230	$	41,861
Net Lease	13	160,310	13,095		1,378
	31	2,526 / 160,310	$	170,325	$	43,239
Properties sold during the year ended December 31, 2022:
Hotels	65	8,296	$	543,413	$	48,202
Net Lease	21	138,638	16,435		(384)
	86	8,296 / 138,638	$	559,848	$	47,818
Properties sold during the year ended December 31, 2021:
Hotels	7	669	$	40,552	$	9,590
Net Lease	11	97,276	11,780		1,932
	18	669 / 97,276	$	52,332	$	11,522