Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of segment information

	Year Ended December 31, 2023
	Hotels		Net Lease		Corporate		Consolidated
Revenues:
Hotel operating revenues	$	1,478,034	$	—	$	—	$	1,478,034
Rental income	—		395,829		—		395,829
Total revenues	1,478,034		395,829		—		1,873,863
Expenses:
Hotel operating expenses	1,223,906		—		—		1,223,906
Net lease operating expenses	—		17,663		—		17,663
Depreciation and amortization	216,235		167,825		—		384,060
General and administrative	—		—		45,397		45,397
Transaction related costs	—		—		(1,623)		(1,623)
Loss on asset impairment, net	27		9,517		—		9,544
Total expenses	1,440,168		195,005		43,774		1,678,947
Gain on sale of real estate, net	41,861		1,378		—		43,239
Gain on equity securities, net	—		—		48,837		48,837
Interest income	169		118		20,692		20,979
Interest expense	—		(40,920)		(295,422)		(336,342)
Loss on early extinguishment of debt	—		—		(1,524)		(1,524)
Income (loss) before income tax benefit and equity in losses of an investee	79,896		161,400		(271,191)		(29,895)
Income tax benefit	—		—		1,498		1,498
Equity in losses of an investee	—		—		(4,382)		(4,382)
Net income (loss)	$	79,896	$	161,400	$	(274,075)	$	(32,779)

	As of December 31, 2023
	Hotels		Net Lease		Corporate		Consolidated
Total assets	$	3,943,213	$	3,084,686	$	328,217	$	7,356,116

	Year Ended December 31, 2022
	Hotels		Net Lease		Corporate		Consolidated
Revenues:
Hotel operating revenues	$	1,467,344	$	—	$	—	$	1,467,344
Rental income	—		395,667		—		395,667
Total revenues	1,467,344		395,667		—		1,863,011
Expenses:
Hotel operating expenses	1,227,357		—		—		1,227,357
Net lease operating expenses	—		13,176		—		13,176
Depreciation and amortization	221,416		179,692		—		401,108
General and administrative	—		—		44,404		44,404
Transaction related costs	—		—		1,920		1,920
Loss on asset impairment	10,537		452		—		10,989
Total expenses	1,459,310		193,320		46,324		1,698,954
Gain (loss) on sale of real estate, net	48,202		(384)		—		47,818
Loss on equity securities, net	—		—		(8,104)		(8,104)
Interest income	24		29		3,326		3,379
Interest expense	—		—		(341,795)		(341,795)
Loss on early extinguishment of debt	—		—		(791)		(791)
Income (loss) before income tax benefit and equity in earnings of an investee	56,260		201,992		(393,688)		(135,436)
Income tax benefit	—		—		199		199
Equity in earnings of an investee	—		—		2,856		2,856
Net income (loss)	$	56,260	$	201,992	$	(390,633)	$	(132,381)

	As of December 31, 2022
	Hotels		Net Lease		Corporate		Consolidated
Total assets	$	3,882,701	$	3,376,295	$	229,195	$	7,488,191

	Year Ended December 31, 2021
	Hotels		Net Lease		Corporate		Consolidated
Revenues:
Hotel operating revenues	$	1,104,678	$	—	$	—	$	1,104,678
Rental income	1,808		389,094		—		390,902
Total revenues	1,106,486		389,094		—		1,495,580
Expenses:
Hotel operating expenses	1,010,737		—		—		1,010,737
Net lease operating expenses	—		15,658		—		15,658
Depreciation and amortization	266,641		219,324		—		485,965
General and administrative	—		—		53,439		53,439
Transaction related costs	64,764		—		—		64,764
Loss on asset impairment	60,980		17,640		—		78,620
Total expenses	1,403,122		252,622		53,439		1,709,183
Gain on sale of real estate, net	9,558		1,964		—		11,522
Gain on equity securities, net	—		—		22,535		22,535
Interest income	1		—		663		664
Interest expense	—		—		(365,721)		(365,721)
(Loss) income before income tax benefit and equity in losses of an investee	(287,077)		138,436		(395,962)		(544,603)
Income tax benefit	—		—		941		941
Equity in losses of an investee	—		—		(941)		(941)
Net (loss) income	$	(287,077)	$	138,436	$	(395,962)	$	(544,603)

	As of December 31, 2021
	Hotels		Net Lease		Corporate		Consolidated
Total assets	$	4,487,101	$	3,580,095	$	1,086,119	$	9,153,315