0001474098-26-000039.txt : 20260428 0001474098-26-000039.hdr.sgml : 20260428 20260428160740 ACCESSION NUMBER: 0001474098-26-000039 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 72 CONFORMED PERIOD OF REPORT: 20260331 FILED AS OF DATE: 20260428 DATE AS OF CHANGE: 20260428 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Pebblebrook Hotel Trust CENTRAL INDEX KEY: 0001474098 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction EIN: 271055421 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-34571 FILM NUMBER: 26907715 BUSINESS ADDRESS: STREET 1: 4747 BETHESDA AVENUE STREET 2: SUITE 1100 CITY: BETHESDA STATE: MD ZIP: 20814 BUSINESS PHONE: 240-507-1300 MAIL ADDRESS: STREET 1: 4747 BETHESDA AVENUE STREET 2: SUITE 1100 CITY: BETHESDA STATE: MD ZIP: 20814 10-Q 1 peb-20260331.htm 10-Q peb-20260331
0001474098December 312026Q1falsehttp://fasb.org/us-gaap/2025#RealEstateInvestmentPropertyNethttp://fasb.org/us-gaap/2025#RealEstateInvestmentPropertyNethttp://fasb.org/us-gaap/2025#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrenthttp://fasb.org/us-gaap/2025#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent.03925490.0629129P3YP3Yxbrli:sharesiso4217:USDiso4217:USDxbrli:sharespeb:propertypeb:hotelRoomxbrli:purepeb:extensionOptionpeb:debtInstrumentpeb:votepeb:class00014740982026-01-012026-03-310001474098us-gaap:CommonStockMember2026-01-012026-03-310001474098us-gaap:SeriesEPreferredStockMember2026-01-012026-03-310001474098us-gaap:SeriesFPreferredStockMember2026-01-012026-03-310001474098us-gaap:SeriesGPreferredStockMember2026-01-012026-03-310001474098us-gaap:SeriesHPreferredStockMember2026-01-012026-03-3100014740982026-04-2400014740982026-03-3100014740982025-12-310001474098us-gaap:OccupancyMember2026-01-012026-03-310001474098us-gaap:OccupancyMember2025-01-012025-03-310001474098us-gaap:FoodAndBeverageMember2026-01-012026-03-310001474098us-gaap:FoodAndBeverageMember2025-01-012025-03-310001474098us-gaap:HotelOtherMember2026-01-012026-03-310001474098us-gaap:HotelOtherMember2025-01-012025-03-3100014740982025-01-012025-03-310001474098us-gaap:PreferredStockMember2025-12-310001474098us-gaap:CommonStockMember2025-12-310001474098us-gaap:AdditionalPaidInCapitalMember2025-12-310001474098us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-12-310001474098us-gaap:RetainedEarningsMember2025-12-310001474098us-gaap:ParentMember2025-12-310001474098us-gaap:NoncontrollingInterestMember2025-12-310001474098srt:DirectorMemberus-gaap:CommonStockMember2026-01-012026-03-310001474098srt:DirectorMemberus-gaap:AdditionalPaidInCapitalMember2026-01-012026-03-310001474098srt:DirectorMemberus-gaap:ParentMember2026-01-012026-03-310001474098srt:DirectorMember2026-01-012026-03-310001474098us-gaap:CommonStockMemberus-gaap:CommonStockMember2026-01-012026-03-310001474098us-gaap:CommonStockMemberus-gaap:AdditionalPaidInCapitalMember2026-01-012026-03-310001474098us-gaap:CommonStockMemberus-gaap:ParentMember2026-01-012026-03-310001474098us-gaap:CommonStockMember2026-01-012026-03-310001474098us-gaap:AdditionalPaidInCapitalMember2026-01-012026-03-310001474098us-gaap:ParentMember2026-01-012026-03-310001474098us-gaap:NoncontrollingInterestMember2026-01-012026-03-310001474098us-gaap:RetainedEarningsMember2026-01-012026-03-310001474098us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-01-012026-03-310001474098us-gaap:PreferredStockMember2026-03-310001474098us-gaap:CommonStockMember2026-03-310001474098us-gaap:AdditionalPaidInCapitalMember2026-03-310001474098us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-03-310001474098us-gaap:RetainedEarningsMember2026-03-310001474098us-gaap:ParentMember2026-03-310001474098us-gaap:NoncontrollingInterestMember2026-03-310001474098us-gaap:PreferredStockMember2024-12-310001474098us-gaap:CommonStockMember2024-12-310001474098us-gaap:AdditionalPaidInCapitalMember2024-12-310001474098us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-12-310001474098us-gaap:RetainedEarningsMember2024-12-310001474098us-gaap:ParentMember2024-12-310001474098us-gaap:NoncontrollingInterestMember2024-12-3100014740982024-12-310001474098srt:DirectorMemberus-gaap:CommonStockMember2025-01-012025-03-310001474098srt:DirectorMemberus-gaap:AdditionalPaidInCapitalMember2025-01-012025-03-310001474098srt:DirectorMemberus-gaap:ParentMember2025-01-012025-03-310001474098srt:DirectorMember2025-01-012025-03-310001474098us-gaap:CommonStockMemberus-gaap:CommonStockMember2025-01-012025-03-310001474098us-gaap:CommonStockMemberus-gaap:AdditionalPaidInCapitalMember2025-01-012025-03-310001474098us-gaap:CommonStockMemberus-gaap:ParentMember2025-01-012025-03-310001474098us-gaap:CommonStockMember2025-01-012025-03-310001474098us-gaap:CommonStockMember2025-01-012025-03-310001474098us-gaap:AdditionalPaidInCapitalMember2025-01-012025-03-310001474098us-gaap:ParentMember2025-01-012025-03-310001474098us-gaap:NoncontrollingInterestMember2025-01-012025-03-310001474098us-gaap:RetainedEarningsMember2025-01-012025-03-310001474098us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-01-012025-03-310001474098us-gaap:PreferredStockMember2025-03-310001474098us-gaap:CommonStockMember2025-03-310001474098us-gaap:AdditionalPaidInCapitalMember2025-03-310001474098us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-03-310001474098us-gaap:RetainedEarningsMember2025-03-310001474098us-gaap:ParentMember2025-03-310001474098us-gaap:NoncontrollingInterestMember2025-03-3100014740982025-03-310001474098peb:OperatingPartnershipMember2026-03-310001474098peb:MontroseAtBeverlyHillsMember2025-11-192025-11-190001474098peb:TheWestinMichiganAvenueChicagoMember2025-12-032025-12-0300014740982025-01-012025-12-310001474098srt:HotelMember2026-01-012026-03-310001474098srt:HotelMember2025-01-012025-03-310001474098srt:MinimumMember2026-03-310001474098srt:MaximumMember2026-03-310001474098us-gaap:RevolvingCreditFacilityMemberpeb:SeniorUnsecuredRevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2026-03-310001474098us-gaap:RevolvingCreditFacilityMemberpeb:SeniorUnsecuredRevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2025-12-310001474098us-gaap:RevolvingCreditFacilityMemberpeb:PHLUnsecuredRevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2026-03-310001474098us-gaap:RevolvingCreditFacilityMemberpeb:PHLUnsecuredRevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2025-12-310001474098us-gaap:RevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2026-03-310001474098us-gaap:RevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2025-12-310001474098peb:TermLoanMemberpeb:TermLoan2027Memberus-gaap:UnsecuredDebtMember2026-03-310001474098peb:TermLoanMemberpeb:TermLoan2027Memberus-gaap:UnsecuredDebtMember2025-12-310001474098peb:TermLoanMemberpeb:TermLoan2028Memberus-gaap:UnsecuredDebtMember2026-03-310001474098peb:TermLoanMemberpeb:TermLoan2028Memberus-gaap:UnsecuredDebtMember2025-12-310001474098peb:TermLoanMemberpeb:TermLoan2029Memberus-gaap:UnsecuredDebtMember2026-03-310001474098peb:TermLoanMemberpeb:TermLoan2029Memberus-gaap:UnsecuredDebtMember2025-12-310001474098peb:TermLoanMemberpeb:TermLoan2031Memberus-gaap:UnsecuredDebtMember2026-03-310001474098peb:TermLoanMemberpeb:TermLoan2031Memberus-gaap:UnsecuredDebtMember2025-12-310001474098peb:TermLoanMemberus-gaap:UnsecuredDebtMember2026-03-310001474098peb:TermLoanMemberus-gaap:UnsecuredDebtMember2025-12-310001474098peb:SeniorNotes2026Memberus-gaap:ConvertibleDebtMember2026-03-310001474098peb:SeniorNotes2026Memberus-gaap:ConvertibleDebtMember2025-12-310001474098peb:SeniorNotes2030Memberus-gaap:ConvertibleDebtMember2026-03-310001474098peb:SeniorNotes2030Memberus-gaap:ConvertibleDebtMember2025-12-310001474098us-gaap:ConvertibleDebtMember2026-03-310001474098us-gaap:ConvertibleDebtMember2025-12-310001474098peb:SeniorNotes2029Memberus-gaap:SeniorNotesMember2026-03-310001474098peb:SeniorNotes2029Memberus-gaap:SeniorNotesMember2025-12-310001474098peb:MargaritavilleHollywoodBeachResortMemberus-gaap:MortgagesMember2026-03-310001474098peb:MargaritavilleHollywoodBeachResortMemberus-gaap:MortgagesMember2025-12-310001474098peb:EstanciaLaJollaHotelSpaMemberus-gaap:MortgagesMember2026-03-310001474098peb:EstanciaLaJollaHotelSpaMemberus-gaap:MortgagesMember2025-12-310001474098us-gaap:MortgagesMember2026-03-310001474098us-gaap:MortgagesMember2025-12-310001474098us-gaap:RevolvingCreditFacilityMemberpeb:SeniorUnsecuredRevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2026-01-012026-03-310001474098us-gaap:RevolvingCreditFacilityMemberpeb:SeniorUnsecuredRevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2022-10-130001474098peb:TermLoanMemberus-gaap:UnsecuredDebtMember2022-10-130001474098peb:TermLoanMemberpeb:TermLoan2027Memberus-gaap:UnsecuredDebtMember2026-02-110001474098us-gaap:DelayedDrawTermLoanMemberus-gaap:UnsecuredDebtMember2026-02-110001474098us-gaap:RevolvingCreditFacilityMemberpeb:SeniorUnsecuredRevolvingCreditFacilityDueOctober2028Memberus-gaap:UnsecuredDebtMember2026-02-110001474098us-gaap:RevolvingCreditFacilityMemberus-gaap:SecuredOvernightFinancingRateSofrMemberpeb:SeniorUnsecuredRevolvingCreditFacilityMembersrt:MinimumMemberus-gaap:UnsecuredDebtMember2026-01-012026-03-310001474098us-gaap:RevolvingCreditFacilityMemberus-gaap:SecuredOvernightFinancingRateSofrMemberpeb:SeniorUnsecuredRevolvingCreditFacilityMembersrt:MaximumMemberus-gaap:UnsecuredDebtMember2026-01-012026-03-310001474098us-gaap:RevolvingCreditFacilityMemberus-gaap:BaseRateMemberpeb:SeniorUnsecuredRevolvingCreditFacilityMembersrt:MinimumMemberus-gaap:UnsecuredDebtMember2026-01-012026-03-310001474098us-gaap:RevolvingCreditFacilityMemberus-gaap:BaseRateMemberpeb:SeniorUnsecuredRevolvingCreditFacilityMembersrt:MaximumMemberus-gaap:UnsecuredDebtMember2026-01-012026-03-310001474098us-gaap:RevolvingCreditFacilityMemberpeb:SeniorUnsecuredRevolvingCreditFacilityMembersrt:MinimumMemberus-gaap:UnsecuredDebtMember2026-01-012026-03-310001474098us-gaap:RevolvingCreditFacilityMemberpeb:SeniorUnsecuredRevolvingCreditFacilityMembersrt:MaximumMemberus-gaap:UnsecuredDebtMember2026-01-012026-03-310001474098us-gaap:LetterOfCreditMember2026-03-310001474098peb:TermLoanMemberus-gaap:SecuredOvernightFinancingRateSofrMembersrt:MinimumMemberus-gaap:UnsecuredDebtMember2026-01-012026-03-310001474098peb:TermLoanMemberus-gaap:SecuredOvernightFinancingRateSofrMembersrt:MaximumMemberus-gaap:UnsecuredDebtMember2026-01-012026-03-310001474098peb:TermLoanMemberus-gaap:BaseRateMembersrt:MinimumMemberus-gaap:UnsecuredDebtMember2026-01-012026-03-310001474098peb:TermLoanMemberus-gaap:BaseRateMembersrt:MaximumMemberus-gaap:UnsecuredDebtMember2026-01-012026-03-310001474098peb:SeniorNotes2026Memberus-gaap:ConvertibleDebtMember2026-01-012026-03-310001474098peb:SeniorNotes2030Memberus-gaap:ConvertibleDebtMember2026-01-012026-03-310001474098peb:SeniorNotes2029Memberus-gaap:SeniorNotesMember2024-10-030001474098peb:EstanciaLaJollaHotelSpaMemberus-gaap:MortgagesMember2021-12-010001474098peb:MargaritavilleHollywoodBeachResortMemberus-gaap:MortgagesMember2023-09-070001474098peb:MargaritavilleHollywoodBeachResortMemberus-gaap:MortgagesMember2026-02-012026-02-280001474098us-gaap:RevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2026-01-012026-03-310001474098us-gaap:RevolvingCreditFacilityMemberus-gaap:UnsecuredDebtMember2025-01-012025-03-310001474098peb:TermLoanMemberus-gaap:UnsecuredDebtMember2026-01-012026-03-310001474098peb:TermLoanMemberus-gaap:UnsecuredDebtMember2025-01-012025-03-310001474098us-gaap:ConvertibleDebtMember2026-01-012026-03-310001474098us-gaap:ConvertibleDebtMember2025-01-012025-03-310001474098us-gaap:SeniorNotesMember2026-01-012026-03-310001474098us-gaap:SeniorNotesMember2025-01-012025-03-310001474098us-gaap:MortgagesMember2026-01-012026-03-310001474098us-gaap:MortgagesMember2025-01-012025-03-310001474098peb:FixedRateDebtMember2026-03-310001474098peb:FixedRateDebtMember2025-12-310001474098peb:InterestRateSwapDueOctober2026Membersrt:MinimumMember2026-03-310001474098peb:InterestRateSwapDueOctober2026Membersrt:MaximumMember2026-03-310001474098peb:InterestRateSwapDueOctober2026Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2026-03-310001474098peb:InterestRateSwapDueOctober2026Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2025-12-310001474098peb:InterestRateSwapDueOctober2027Member2026-03-310001474098peb:InterestRateSwapDueOctober2027Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2026-03-310001474098peb:InterestRateSwapDueOctober2027Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2025-12-310001474098peb:InterestRateSwapDueNovember2027Member2026-03-310001474098peb:InterestRateSwapDueNovember2027Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2026-03-310001474098peb:InterestRateSwapDueNovember2027Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2025-12-310001474098peb:InterestRateSwapDueMarch2028Membersrt:MinimumMember2026-03-310001474098peb:InterestRateSwapDueMarch2028Membersrt:MaximumMember2026-03-310001474098peb:InterestRateSwapDueMarch2028Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2026-03-310001474098peb:InterestRateSwapDueMarch2028Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2025-12-310001474098peb:InterestRateSwapDueMay2028Membersrt:MinimumMember2026-03-310001474098peb:InterestRateSwapDueMay2028Membersrt:MaximumMember2026-03-310001474098peb:InterestRateSwapDueMay2028Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2026-03-310001474098peb:InterestRateSwapDueMay2028Memberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2025-12-310001474098us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2026-03-310001474098us-gaap:InterestRateSwapMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMember2025-12-310001474098us-gaap:InterestRateSwapMember2026-03-310001474098us-gaap:InterestRateSwapMember2025-12-310001474098peb:SouthernFloridaAndGeorgiaMember2026-01-012026-03-310001474098peb:SouthernFloridaAndGeorgiaMember2025-01-012025-03-310001474098peb:SanDiegoCaliforniaMember2026-01-012026-03-310001474098peb:SanDiegoCaliforniaMember2025-01-012025-03-310001474098peb:SanFranciscoCaliforniaMember2026-01-012026-03-310001474098peb:SanFranciscoCaliforniaMember2025-01-012025-03-310001474098peb:BostonMassachusettsMember2026-01-012026-03-310001474098peb:BostonMassachusettsMember2025-01-012025-03-310001474098peb:LosAngelesCaliforniaMember2026-01-012026-03-310001474098peb:LosAngelesCaliforniaMember2025-01-012025-03-310001474098peb:PortlandOregonMember2026-01-012026-03-310001474098peb:PortlandOregonMember2025-01-012025-03-310001474098stpr:DC2026-01-012026-03-310001474098stpr:DC2025-01-012025-03-310001474098peb:OtherMember2026-01-012026-03-310001474098peb:OtherMember2025-01-012025-03-3100014740982026-04-012026-03-310001474098us-gaap:CommonStockMember2026-03-310001474098peb:October2025ShareRepurchaseProgramMemberus-gaap:CommonStockMember2025-10-210001474098peb:October2025ShareRepurchaseProgramMemberus-gaap:CommonStockMember2026-01-012026-03-310001474098peb:October2025ShareRepurchaseProgramMemberus-gaap:CommonStockMember2026-03-310001474098us-gaap:SeriesEPreferredStockMember2026-03-310001474098us-gaap:SeriesEPreferredStockMember2025-12-310001474098us-gaap:SeriesFPreferredStockMember2026-03-310001474098us-gaap:SeriesFPreferredStockMember2025-12-310001474098us-gaap:SeriesGPreferredStockMember2026-03-310001474098us-gaap:SeriesGPreferredStockMember2025-12-310001474098us-gaap:SeriesHPreferredStockMember2026-03-310001474098us-gaap:SeriesHPreferredStockMember2025-12-310001474098peb:February2023ShareRepurchaseProgramMemberus-gaap:PreferredStockMember2023-02-170001474098peb:February2023ShareRepurchaseProgramMemberus-gaap:SeriesEPreferredStockMember2023-02-172023-02-170001474098peb:February2023ShareRepurchaseProgramMemberus-gaap:SeriesFPreferredStockMember2023-02-172023-02-170001474098peb:February2023ShareRepurchaseProgramMemberus-gaap:SeriesGPreferredStockMember2023-02-172023-02-170001474098peb:February2023ShareRepurchaseProgramMemberus-gaap:SeriesHPreferredStockMember2023-02-172023-02-170001474098peb:February2023ShareRepurchaseProgramMemberus-gaap:PreferredStockMember2026-01-012026-03-310001474098peb:February2023ShareRepurchaseProgramMemberus-gaap:PreferredStockMember2026-03-310001474098srt:PartnershipInterestMemberpeb:InnOnFifthMember2022-05-112022-05-110001474098peb:OperatingPartnershipMember2025-12-310001474098peb:OperatingPartnershipMember2026-03-310001474098peb:LongTermIncentivePartnershipUnitsMember2026-01-012026-03-310001474098peb:LongTermIncentivePartnershipUnitsClassBMember2025-02-072025-02-070001474098peb:LongTermIncentivePartnershipUnitsClassBMember2026-02-052026-02-050001474098peb:LongTermIncentivePartnershipUnitsMember2026-03-310001474098peb:LongTermIncentivePartnershipUnitsMember2025-12-310001474098peb:InnOnFifthMemberpeb:SeriesZPreferredStockMember2022-05-112022-05-110001474098peb:SeriesZPreferredStockMember2022-05-112022-05-110001474098peb:SeriesZPreferredStockMember2022-05-110001474098peb:OperatingPartnershipMemberpeb:SeriesZPreferredStockMember2025-12-310001474098peb:OperatingPartnershipMemberpeb:SeriesZPreferredStockMember2026-03-310001474098srt:MinimumMember2026-01-012026-03-310001474098srt:MaximumMember2026-01-012026-03-310001474098srt:MinimumMemberus-gaap:RestrictedStockMember2026-01-012026-03-310001474098srt:MaximumMemberus-gaap:RestrictedStockMember2026-01-012026-03-310001474098us-gaap:RestrictedStockMember2025-12-310001474098us-gaap:RestrictedStockMember2026-01-012026-03-310001474098us-gaap:RestrictedStockMember2026-03-310001474098us-gaap:RestrictedStockMember2025-01-012025-03-310001474098us-gaap:PerformanceSharesMember2026-02-052026-02-050001474098srt:MinimumMemberus-gaap:PerformanceSharesMember2026-02-052026-02-050001474098srt:MaximumMemberus-gaap:PerformanceSharesMember2026-02-052026-02-050001474098us-gaap:PerformanceSharesMember2026-01-012026-03-310001474098us-gaap:PerformanceSharesMember2025-01-012025-03-310001474098peb:LongTermIncentivePartnershipUnitsClassBMember2026-02-050001474098peb:LongTermIncentivePartnershipUnitsMember2025-01-012025-03-310001474098peb:RestrictedAndPerformanceBasedSharesMember2026-01-012026-03-310001474098peb:RestrictedAndPerformanceBasedSharesMember2025-01-012025-03-310001474098us-gaap:ConvertibleDebtSecuritiesMember2026-01-012026-03-310001474098us-gaap:ConvertibleDebtSecuritiesMember2025-01-012025-03-310001474098peb:A1HotelSanFranciscoMember2026-03-310001474098peb:HotelPalomarLosAngelesBeverlyHillsMember2026-01-012026-03-310001474098peb:HotelZeppelinSanFranciscoMember2026-03-310001474098peb:HotelZeppelinSanFranciscoMember2026-01-012026-03-310001474098us-gaap:CommonStockMember2025-03-310001474098us-gaap:PreferredStockMember2026-03-310001474098us-gaap:PreferredStockMember2025-03-310001474098peb:BoardOfTrusteesMember2026-01-012026-03-310001474098peb:BoardOfTrusteesMember2025-01-012025-03-310001474098peb:CorporateAndReconcilingItemsMember2026-01-012026-03-310001474098peb:CorporateAndReconcilingItemsMember2025-01-012025-03-310001474098us-gaap:OperatingSegmentsMemberpeb:ReportableSegmentMember2026-01-012026-03-310001474098us-gaap:OperatingSegmentsMemberpeb:ReportableSegmentMember2025-01-012025-03-310001474098us-gaap:OperatingSegmentsMemberus-gaap:OccupancyMemberpeb:ReportableSegmentMember2026-01-012026-03-310001474098us-gaap:OperatingSegmentsMemberus-gaap:OccupancyMemberpeb:ReportableSegmentMember2025-01-012025-03-310001474098us-gaap:OperatingSegmentsMemberus-gaap:FoodAndBeverageMemberpeb:ReportableSegmentMember2026-01-012026-03-310001474098us-gaap:OperatingSegmentsMemberus-gaap:FoodAndBeverageMemberpeb:ReportableSegmentMember2025-01-012025-03-31


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 
FORM10-Q
 
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2026
OR
    
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from              to              .
Commission File Number 001-34571
PEBBLEBROOK HOTEL TRUST
(Exact Name of Registrant as Specified in Its Charter)

Maryland27-1055421
(State of Incorporation or Organization)(I.R.S. Employer Identification No.)
4747 Bethesda Avenue, Suite 1100, Bethesda, Maryland
20814
(Address of Principal Executive Offices)(Zip Code)

(240)507-1300
(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Shares, $0.01 par value per sharePEBNew York Stock Exchange
Series E Cumulative Redeemable Preferred Shares, $0.01 par valuePEB-PENew York Stock Exchange
Series F Cumulative Redeemable Preferred Shares, $0.01 par valuePEB-PFNew York Stock Exchange
Series G Cumulative Redeemable Preferred Shares, $0.01 par valuePEB-PGNew York Stock Exchange
Series H Cumulative Redeemable Preferred Shares, $0.01 par valuePEB-PHNew York Stock Exchange
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.      Yes      No



Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    ☑  Yes     No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filerAccelerated filer
Non-accelerated filerSmaller reporting company
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).      Yes      No
Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.
Class
Outstanding at April 24, 2026
Common shares of beneficial interest ($0.01 par value per share)113,369,235




Pebblebrook Hotel Trust
TABLE OF CONTENTS
Page
PART I. FINANCIAL INFORMATION
Item 1.Financial Statements.
Consolidated Balance Sheets - March 31, 2026 (unaudited) and December 31, 2025
Consolidated Statements of Operations and Comprehensive Income (unaudited) - Three months ended March 31, 2026 and 2025
Consolidated Statements of Equity (unaudited) - Three months ended March 31, 2026 and 2025
Consolidated Statements of Cash Flows (unaudited) - Three months ended March 31, 2026 and 2025
Notes to the Consolidated Financial Statements (unaudited)
Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations.
Item 3.Quantitative and Qualitative Disclosures About Market Risk.
Item 4.Controls and Procedures.
PART II. OTHER INFORMATION
Item 1.Legal Proceedings.
Item 1A.Risk Factors.
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.
Item 3.Defaults Upon Senior Securities.
Item 4.Mine Safety Disclosures.
Item 5.Other Information.
Item 6.Exhibits.
2


PART I. FINANCIAL INFORMATION
Item 1. Financial Statements.

Pebblebrook Hotel Trust
Consolidated Balance Sheets
(in thousands, except share and per-share data)
March 31, 2026December 31, 2025
 (Unaudited) 
ASSETS
Investment in hotel properties, net$4,974,733 $5,023,457 
Cash and cash equivalents196,207 184,185 
Restricted cash8,396 12,018 
Hotel receivables (net of allowance for doubtful accounts of $225 and $241, respectively)
39,697 34,184 
Prepaid expenses and other assets85,137 94,330 
Total assets$5,304,170 $5,348,174 
LIABILITIES AND EQUITY
Debt, net$2,079,334 $2,124,092 
Accounts payable, accrued expenses and other liabilities215,680 199,631 
Lease liabilities - operating leases333,030 333,068 
Deferred revenues113,800 104,900 
Accrued interest19,188 12,106 
Distribution payable11,611 11,639 
Total liabilities2,772,643 2,785,436 
Commitments and contingencies (Note 11)
Shareholders' equity:
Preferred shares of beneficial interest, $.01 par value (liquidation preference $676,724 at March 31, 2026 and December 31, 2025), 100,000,000 shares authorized; 27,068,962 shares issued and outstanding at March 31, 2026 and December 31, 2025
271 271 
Common shares of beneficial interest, $.01 par value, 500,000,000 shares authorized; 112,985,227 and 113,188,134 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively
1,130 1,132 
Additional paid-in capital3,966,623 3,969,875 
Accumulated other comprehensive income (loss)3,268 605 
Distributions and retained deficit(1,534,069)(1,503,262)
Total shareholders' equity2,437,223 2,468,621 
Non-controlling interests94,304 94,117 
Total equity2,531,527 2,562,738 
Total liabilities and equity$5,304,170 $5,348,174 

The accompanying notes are an integral part of these financial statements.
3

Pebblebrook Hotel Trust
Consolidated Statements of Operations and Comprehensive Income
(in thousands, except share and per-share data)
(Unaudited)
 For the three months ended
March 31,
 20262025
Revenues:
Room$214,525 $197,010 
Food and beverage91,143 86,310 
Other operating39,988 36,946 
Total revenues345,656 320,266 
Expenses:
Hotel operating expenses:
Room59,515 58,523 
Food and beverage65,459 64,568 
Other direct and indirect107,114 104,123 
Total hotel operating expenses232,088 227,214 
Depreciation and amortization51,979 57,543 
Real estate taxes, personal property taxes, property insurance, and ground rent32,791 33,273 
General and administrative12,041 13,226 
Impairment7,688  
Business interruption insurance income (4,303)
Other operating expenses1,018 550 
Total operating expenses337,605 327,503 
Operating income (loss)8,051 (7,237)
Interest expense(26,314)(27,133)
Other, net(190)(972)
Income (loss) before income taxes(18,453)(35,342)
Income tax (expense) benefit17 3,162 
Net income (loss)(18,436)(32,180)
Net income (loss) attributable to non-controlling interests838 767 
Net income (loss) attributable to the Company(19,274)(32,947)
Distributions to preferred shareholders(10,427)(10,631)
Net income (loss) attributable to common shareholders$(29,701)$(43,578)
Net income (loss) per share available to common shareholders, basic and diluted$(0.26)$(0.37)
Weighted-average number of common shares, basic and diluted113,331,501 119,204,243 

4

Pebblebrook Hotel Trust
Consolidated Statements of Operations and Comprehensive Income - Continued
(in thousands, except share and per-share data)
(Unaudited)
For the three months ended
March 31,
20262025
Comprehensive Income:
Net income (loss)$(18,436)$(32,180)
Other comprehensive income (loss):
Change in fair value of derivative instruments1,940 (1,840)
Amounts reclassified from other comprehensive income765 (3,800)
Comprehensive income (loss)(15,731)(37,820)
Comprehensive income (loss) attributable to non-controlling interests880 821 
Comprehensive income (loss) attributable to the Company$(16,611)$(38,641)

The accompanying notes are an integral part of these financial statements.
5

Pebblebrook Hotel Trust
Consolidated Statements of Equity
(in thousands, except share data)
(Unaudited)
For the three months ended March 31, 2026
Preferred SharesCommon SharesAdditional Paid-In CapitalAccumulated Other Comprehensive Income (Loss)Distributions and retained deficitTotal Shareholders' EquityNon-Controlling InterestsTotal Equity
SharesAmountSharesAmount
Balance at December 31, 2025
27,068,962$271 113,188,134 $1,132 $3,969,875 $605 $(1,503,262)$2,468,621 $94,117 $2,562,738 
Issuance of common shares for Board of Trustees compensation— 71,958 1 824 — — 825 — 825 
Repurchase of common shares— (492,314)(5)(5,895)— — (5,900)— (5,900)
Share-based compensation— 217,449 2 1,819 — — 1,821 485 2,306 
Distributions on common shares/units— — — — — (1,106)(1,106)(14)(1,120)
Distributions on preferred shares/units— — — — — (10,427)(10,427)(1,164)(11,591)
Other comprehensive income (loss):
Change in fair value of derivative instruments— — — — 1,898 — 1,898 42 1,940 
Amounts reclassified from other comprehensive income— — — — 765 — 765 — 765 
Net income (loss)— — — — — (19,274)(19,274)838 (18,436)
Balance at March 31, 2026
27,068,962$271 112,985,227$1,130 $3,966,623 $3,268 $(1,534,069)$2,437,223 $94,304 $2,531,527 

6

Pebblebrook Hotel Trust
Consolidated Statements of Equity - Continued
(in thousands, except share data)
(Unaudited)
For the three months ended March 31, 2025
Preferred SharesCommon SharesAdditional Paid-In CapitalAccumulated Other Comprehensive Income (Loss)Distributions and retained deficitTotal Shareholders' EquityNon-Controlling InterestsTotal Equity
SharesAmountSharesAmount
Balance at December 31, 2024
27,600,000 $276 119,285,394 $1,193 $4,072,265 $16,550 $(1,392,860)$2,697,424 $90,450 $2,787,874 
Issuance of common shares for Board of Trustees compensation— — 54,451 1 744 — — 745 — 745 
Repurchase of common shares— — (1,282,621)(13)(14,599)— — (14,612)— (14,612)
Share-based compensation— — 221,181 2 2,052 — — 2,054 1,166 3,220 
Distributions on common shares/units— — — — — — (1,184)(1,184)(12)(1,196)
Distributions on preferred shares/units— — — — — — (10,631)(10,631)(1,164)(11,795)
Other comprehensive income (loss):
Change in fair value of derivative instruments— — — — (36)(1,858)— (1,894)54 (1,840)
Amounts reclassified from other comprehensive income— — — — — (3,800)— (3,800)— (3,800)
Net income (loss)— — — — — — (32,947)(32,947)767 (32,180)
Balance at March 31, 2025
27,600,000$276 118,278,405$1,183 $4,060,426 $10,892 $(1,437,622)$2,635,155 $91,261 $2,726,416 

The accompanying notes are an integral part of these financial statements.
7

Pebblebrook Hotel Trust
Consolidated Statements of Cash Flows
(in thousands)
(Unaudited)
 For the three months ended
March 31,
 20262025
Operating activities:
Net income (loss)$(18,436)$(32,180)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization51,979 57,543 
Provision (benefit) for deferred income taxes(17)(3,105)
Share-based compensation2,306 3,220 
Amortization of deferred financing costs, non-cash interest and other amortization4,255 2,985 
Impairment7,688  
Non-cash ground rent2,345 2,448 
Other adjustments(212)1,215 
Changes in assets and liabilities:
Hotel receivables(5,497)(3,966)
Prepaid expenses and other assets6,472 4,077 
Accounts payable and accrued expenses23,243 5,227 
Deferred revenues9,925 12,877 
Net cash provided by (used in) operating activities84,051 50,341 
Investing activities:
Improvements and additions to hotel properties(11,946)(20,658)
Property insurance proceeds3,175  
Other investing activities(189)(206)
Net cash provided by (used in) investing activities(8,960)(20,864)
Financing activities:
Payment of deferred financing costs(6,649)(48)
Proceeds from debt360,000  
Repayments of debt(400,761)(549)
Repurchases of common shares(5,900)(14,612)
Distributions — common shares/units(1,148)(1,215)
Distributions — preferred shares/units(11,592)(11,795)
Other financing activities(641)(663)
Net cash provided by (used in) financing activities(66,691)(28,882)
Net change in cash and cash equivalents and restricted cash8,400 595 
Cash and cash equivalents and restricted cash, beginning of year196,203 217,591 
Cash and cash equivalents and restricted cash, end of period$204,603 $218,186 

The accompanying notes are an integral part of these financial statements.
8

PEBBLEBROOK HOTEL TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
Note 1. Organization
Pebblebrook Hotel Trust (the "Company") is an internally managed hotel investment company, formed as a Maryland real estate investment trust in October 2009 to opportunistically acquire and invest in hotel properties located primarily in major U.S. cities and resort properties located near our primary target urban markets and select destination resort markets, with an emphasis on major gateway coastal markets.
As of March 31, 2026, the Company owned interests in 44 hotels with a total of 11,052 guest rooms. The hotel properties are located in: Boston, Massachusetts; Chicago, Illinois; Hollywood, Florida; Jekyll Island, Georgia; Key West, Florida; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); Naples, Florida; Newport, Rhode Island; Portland, Oregon; San Diego, California; San Francisco, California; Santa Cruz, California; Stevenson, Washington; and Washington, D.C.
Substantially all of the Company's assets are held by, and all of the Company's operations are conducted through, Pebblebrook Hotel, L.P. (the "Operating Partnership"). The Company is the sole general partner of the Operating Partnership. As of March 31, 2026, the Company owned 98.8% of the common limited partnership units issued by the Operating Partnership ("common units"). The remaining 1.2% of the common units are owned by the other limited partners of the Operating Partnership. For the Company to maintain its qualification as a real estate investment trust ("REIT") under the Internal Revenue Code of 1986, as amended (the "Code"), it cannot operate the hotels it owns. Therefore, the Operating Partnership and its subsidiaries lease the hotel properties to subsidiaries of Pebblebrook Hotel Lessee, Inc. (collectively with its subsidiaries, "PHL"), a taxable REIT subsidiary ("TRS"), which in turn engage third-party eligible independent contractors to manage the hotels. PHL is consolidated into the Company's financial statements.
Note 2. Summary of Significant Accounting Policies
Basis of Presentation and Principles of Consolidation
The accompanying unaudited interim consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and in conformity with the rules and regulations of the U.S. Securities and Exchange Commission ("SEC") applicable to interim financial information. As such, certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been omitted in accordance with the rules and regulations of the SEC. These unaudited consolidated financial statements include all adjustments considered necessary for a fair presentation of the consolidated balance sheets, consolidated statements of operations and comprehensive income, consolidated statements of equity and consolidated statements of cash flows for the periods presented. Interim results are not necessarily indicative of full-year performance, as a result of the impact of seasonal and other short-term variations and the acquisitions and or dispositions of hotel properties. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Company's Annual Report on Form 10-K for the year ended December 31, 2025.
The Company and its subsidiaries are separate legal entities and maintain records and books of account separate and apart from each other. The consolidated financial statements include all of the accounts of the Company and its subsidiaries and are presented in accordance with U.S. GAAP. All significant intercompany balances and transactions have been eliminated in consolidation. Investments in entities that the Company does not control, but over which the Company has the ability to exercise significant influence regarding operating and financial policies, are accounted for under the equity method.
Certain reclassifications have been made to the prior period's financial statements to conform to the current year presentation.
Use of Estimates
The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and revenues and expenses. These estimates are prepared using management's best judgment, after considering past, current and expected events and economic conditions. Actual results could differ from these estimates.
9

Risks and Uncertainties
The state of the overall economy can significantly impact hotel operational performance and thus the Company's financial position. Global events, as well as national and local events, may adversely impact travel trends and the operations of the Company's hotels. In addition, inflation and changing interest rates may impact the overall economy and the availability of debt, which may impact the Company's financial position. A decline in travel or a significant increase in costs may also adversely impact the Company's cash flow and ability to service debt or meet other financial obligations.
New Accounting Pronouncements
Disaggregation of Income Statement Expenses
In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses ("ASU 2024-03"). ASU 2024-03 requires public entities to disclose specified information about certain costs and expenses. ASU 2024-03 is effective for annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027, with early adoption permitted. The amendments should be applied either retrospectively to all prior periods presented in the financial statements or prospectively after the adoption date. The Company is currently assessing the impact of adopting ASU 2024-03 on its consolidated financial statements and disclosures.
Induced Conversions of Convertible Debt Instruments
In November 2024, the FASB issued ASU 2024-04, Debt—Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments ("ASU 2024-04"). ASU 2024-04 clarifies the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as induced conversions rather than as debt extinguishments. ASU 2024-04 is effective for annual reporting periods beginning after December 15, 2025, and interim periods within those annual reporting periods, with early adoption permitted. The amendments should be applied either prospectively or retrospectively. The Company adopted ASU 2024-04 on January 1, 2026 on a prospective basis to any future settlements of convertible debt instruments.
Derivatives and Hedging
In November 2025, the FASB issued ASU 2025-09, Derivatives and Hedging (Topic 815): Hedge Accounting Improvements ("ASU 2025-09"). ASU 2025-09 amends existing hedge accounting guidance to improve the alignment of financial reporting with the economics of an entity's risk management activities. ASU 2025-09 is effective for annual reporting periods beginning after December 15, 2026, including interim periods within those annual reporting periods. Early adoption is permitted. The amendments in this update apply to any entity that elects to apply hedge accounting in accordance with Topic 815 and generally are to be adopted on a prospective basis, with an election available to apply the guidance to existing hedging relationships as of the adoption date. The Company adopted ASU 2025-09 on January 1, 2026 on a prospective basis. The adoption did not have a material impact on the Company's consolidated financial statements.
Note 3. Acquisition and Disposition of Hotel Properties
Acquisitions
The Company did not acquire any hotel properties during the three months ended March 31, 2026 or 2025.
Dispositions
The Company did not dispose of any hotel properties during the three months ended March 31, 2026.
The following table summarizes disposition transactions during 2025 (in thousands):
Hotel Property NameLocationSale DateSale Price
Montrose at Beverly HillsLos Angeles, CANovember 19, 2025$44,250 
The Westin Michigan Avenue ChicagoChicago, ILDecember 3, 202572,000 
2025 Total
$116,250 
For the three months ended March 31, 2026 and 2025, the accompanying consolidated statements of operations and comprehensive income included operating loss of $0.1 million and $5.5 million, respectively, excluding impairment loss and gain on sale of hotel properties related to the hotel properties sold.
The sales of the hotel properties described above did not represent a strategic shift that had a major effect on the Company's operations and financial results, and therefore, did not qualify as discontinued operations.
10

Note 4. Investment in Hotel Properties
Investment in hotel properties as of March 31, 2026 and December 31, 2025 consisted of the following (in thousands):
March 31, 2026December 31, 2025
Land$752,108 $754,384 
Buildings and improvements4,997,277 4,995,530 
Furniture, fixtures and equipment528,695 526,414 
Finance lease asset91,181 91,181 
Construction in progress3,717 1,203 
$6,372,978 $6,368,712 
Right-of-use asset, operating leases351,424 353,873 
Investment in hotel properties$6,724,402 $6,722,585 
Less: Accumulated depreciation(1,749,669)(1,699,128)
Investment in hotel properties, net$4,974,733 $5,023,457 
Impairment
The Company reviews its investment in hotel properties for impairment whenever events or circumstances indicate potential impairment. The Company periodically adjusts its estimate of future operating cash flows and estimated hold periods for certain properties. As a result of this review, the Company may identify an impairment trigger has occurred and assess its investment in hotel properties for recoverability.
During the three months ended March 31, 2026, the Company recognized an impairment loss of $7.7 million for one hotel as a result of its fair value being lower than its carrying value. The impairment loss was determined using Level 2 inputs under authoritative guidance for fair value measurements using purchase and sale agreements and information from marketing efforts for this property. During the three months ended March 31, 2025, no impairment losses were incurred.
Lease Assets and Lease Liabilities
The Company recognized right-of-use assets and related liabilities related to its ground leases, all of which are operating leases. When the rate implicit in the lease could not be determined, the Company used incremental borrowing rates, which ranged from 4.7% to 7.6%. In addition, the term used includes any options to exercise extensions when it is reasonably certain the Company will exercise such option. See Note 11. Commitments and Contingencies for additional information about the ground leases.
The operating lease right-of-use assets and liabilities are amortized to ground rent expense over the term of the underlying lease agreements. As of March 31, 2026, the Company's lease liabilities consisted of operating lease liabilities of $333.0 million and finance lease liabilities of $44.7 million. As of December 31, 2025, the Company's lease liabilities consisted of operating lease liabilities of $333.1 million and finance lease liabilities of $44.6 million. The finance lease liabilities are included in accounts payable, accrued expenses and other liabilities on the Company's accompanying consolidated balance sheets.
11

Note 5. Debt
The Company's debt consisted of the following as of March 31, 2026 and December 31, 2025 (dollars in thousands):
   Balance Outstanding as of
 
Interest Rate at March 31, 2026
Maturity DateMarch 31, 2026December 31, 2025
Unsecured revolving credit facilities
Senior unsecured credit facility
(1)(2)
October 2028$ $ 
PHL unsecured credit facility
(1)
October 2028  
Unsecured revolving credit facilities$ $ 
Unsecured term loans
Term Loan 2027
(3)
October 2027 360,000 
Term Loan 20285.15%
(1)
January 2028356,652 356,652 
Term Loan 20294.91%
(1)
January 2029185,217 185,217 
Term Loan 20315.23%
(1)(3)
February 2031360,000  
Unsecured term loans principal$901,869 $901,869 
Convertible senior notes
Convertible Notes 20261.75%December 2026350,000 350,000 
Convertible Notes 20301.63%January 2030400,000 400,000 
Convertible senior notes principal$750,000 $750,000 
Unsecured senior notes principal6.38%October 2029$400,000 $400,000 
Mortgage loans
Margaritaville Hollywood Beach Resort
(4)
September 2026 40,000 
Estancia La Jolla Hotel & Spa5.07%September 202852,634 53,395 
Mortgage loans principal$52,634 $93,395 
Total debt principal$2,104,503 $2,145,264 
Unamortized debt premium and deferred financing costs, net(25,169)(21,172)
Debt, net$2,079,334 $2,124,092 
______________________
(1)    Borrowings bear interest at floating rates. Interest rate at March 31, 2026 gives effect to interest rate hedges.
(2)    The Company has the option to extend the maturity date for up to two six-month periods, subject to certain terms and conditions and payment of an extension fee.
(3)    In February 2026, the Company extended the maturity date of Term Loan 2027 to February 2031 (the extended loan is referred to as Term Loan 2031).
(4)    In February 2026, the Company paid down the remaining loan balance.

12

Unsecured Credit Agreement
On October 13, 2022, the Company entered into the Fifth Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent and certain other agents and lenders ("Credit Agreement"). The Credit Agreement provides for a $650.0 million senior unsecured revolving credit facility and three unsecured term loan facilities. The Company may request additional lender commitments to increase the aggregate borrowing capacity under the Credit Agreement up to an additional $970.0 million.
On February 11, 2026, the Company amended its Credit Agreement to extend the $360.0 million Term Loan 2027 to mature in February 2031 and to provide for a delayed draw option for the Company to borrow an additional $90.0 million by December 15, 2026 (the extended loan is referred to as Term Loan 2031). The Credit Facility was also amended to remove the SOFR adjustment from its senior unsecured revolving credit facility and all unsecured term loan facilities. Concurrently, the maturity date of the $48.0 million unextended portion of the senior unsecured revolving credit facility was extended to October 13, 2028.
Unsecured Revolving Credit Facilities
The $650.0 million senior unsecured revolving credit facility provided for in the Credit Agreement matures in October 2028 and provides the Company the option to extend the maturity date for up to two six-month periods, subject to certain terms and conditions and payment of an extension fee. All borrowings under this senior unsecured revolving credit facility bear interest at a rate per annum equal to, at the option of the Company, (i) the Secured Overnight Financing Rate ("SOFR") plus a margin that is based upon the Company's leverage ratio or (ii) the Base Rate (as defined by the Credit Agreement) plus a margin that is based on the Company's leverage ratio. The margins for revolving credit facility loans range in amount from 1.45% to 2.50% for SOFR-based loans and 0.45% to 1.50% for Base Rate-based loans, depending on the Company's leverage ratio. As of March 31, 2026, the Company had no outstanding borrowings, $8.8 million of outstanding letters of credit and a borrowing capacity of $641.2 million remaining on the senior unsecured revolving credit facility. The Company is required to pay an unused commitment fee at an annual rate of 0.20% or 0.30% of the unused portion of the senior unsecured revolving credit facility, depending on the amount of borrowings outstanding. The credit agreement contains certain financial covenants, including a maximum leverage ratio, a minimum fixed charge coverage ratio and a maximum percentage of secured debt to total asset value. 
Under the terms of the Credit Agreement, one or more standby letters of credit, up to a maximum aggregate outstanding balance of $30.0 million, may be issued on behalf of the Company by the lenders under the senior unsecured revolving facility. The Company pays a fee for outstanding standby letters of credit at a rate per annum equal to the applicable margin based upon the Company's leverage ratio. Any outstanding standby letters of credit reduce the available borrowings on the senior unsecured revolving credit facility by a corresponding amount. Standby letters of credit of $8.8 million and $7.9 million were outstanding as of March 31, 2026 and December 31, 2025, respectively.
As of March 31, 2026, the Company also has a $20.0 million unsecured revolving credit facility (the "PHL Credit Facility") to be used for PHL's working capital and general corporate purposes. On November 27, 2024, PHL amended the agreement governing the PHL Credit Facility to extend the maturity to October 2028. The PHL Credit Facility has substantially similar terms as the Company's senior unsecured revolving credit facility. Borrowings on the PHL Credit Facility bear interest at a rate per annum equal to, at the option of the Company, (i) SOFR plus a margin that is based upon the Company's leverage ratio or (ii) the Base Rate (as defined by the Credit Agreement) plus a margin that is based on the Company's leverage ratio. The PHL Credit Facility is subject to debt covenants substantially similar to the covenants under the Credit Agreement, which governs the Company's senior unsecured revolving credit facility. As of March 31, 2026, the Company had no borrowings under the PHL Credit Facility and had $20.0 million borrowing capacity remaining available under the PHL Credit Facility.
As of March 31, 2026, the Company was in compliance with all debt covenants of the credit agreements that govern the unsecured revolving credit facilities.
Unsecured Term Loan Facilities
The term loan facilities provided for in the Credit Agreement bear interest at a rate per annum equal to, at the option of the Company, (i) SOFR plus a margin that is based upon the Company's leverage ratio or (ii) the Base Rate (as defined by the Credit Agreement) plus a margin that is based on the Company's leverage ratio. The margins for term loans range in amount from 1.45% to 2.45% for SOFR-based loans and 0.40% to 1.45% for Base Rate-based loans, depending on the Company's leverage ratio. The term loans are subject to the debt covenants in the Credit Agreement. As of March 31, 2026, the Company was in compliance with all debt covenants of its term loans.
The Company entered into interest rate swap agreements to fix the SOFR rate on a portion of these unsecured term loan facilities. See Derivative and Hedging Activities for further discussion on the interest rate swaps.
13

Convertible Senior Notes due 2026
The Company has $350.0 million aggregate principal amount of 1.75% Convertible Senior Notes due December 2026 (the "Convertible Notes 2026") outstanding. The Convertible Notes 2026 are governed by an indenture between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee, and bear interest at a rate of 1.75% per annum, payable semi-annually in arrears on June 15th and December 15th of each year. As of March 31, 2026 and December 31, 2025, the Convertible Notes 2026 had $0.3 million and $0.4 million, respectively, of unamortized issuance costs outstanding.
Prior to June 15, 2026, the Convertible Notes 2026 are convertible upon certain circumstances. On and after June 15, 2026, holders may convert any of their Convertible Notes 2026 into the Company's common shares of beneficial interest ("common shares") at the applicable conversion rate at any time at their election until two days prior to the maturity date. The initial conversion rate is 39.2549 common shares per $1,000 principal amount of Convertible Notes 2026, which represents an initial conversion price of approximately $25.47 per share. The conversion rate is subject to adjustment in certain circumstances. Upon conversion of the Convertible Notes 2026, the Company may choose to pay or deliver cash, common shares or a combination of cash and shares. As of March 31, 2026 and December 31, 2025, the if-converted value of the Convertible Notes 2026 did not exceed the principal amount.
The Company may redeem for cash all or a portion of the Convertible Notes 2026, at its option, upon certain circumstances. The redemption price will be equal to 100% of the principal amount of the convertible notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. If certain make-whole fundamental changes occur, the conversion rate for the Convertible Notes 2026 may be increased.
Convertible Senior Notes due 2030
The Company has $400.0 million aggregate principal amount of 1.625% Convertible Senior Notes 2030 due January 2030 (the "Convertible Notes 2030") outstanding. The Convertible Notes 2030 are governed by an indenture between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee, and bear interest at a rate of 1.625% per annum, payable semi-annually in arrears on January 15th and July 15th of each year. As of March 31, 2026 and December 31, 2025, the Convertible Notes 2030 had $9.2 million and $9.8 million, respectively, of unamortized issuance costs outstanding.
Prior to July 15, 2029, the Convertible Notes 2030 are convertible upon certain circumstances. On and after July 15, 2029, holders may convert any of their Convertible Notes 2030 into the Company's common shares at the applicable conversion rate at any time at their election until two days prior to the maturity date. The initial conversion rate is 62.9129 common shares per $1,000 principal amount of Convertible Notes 2030, which represents an initial conversion price of approximately $15.89 per share. The conversion rate is subject to adjustment in certain circumstances. Upon conversion of the Convertible Notes 2030, the Company will settle the conversion by paying cash up to the aggregate principal amount of the Convertible Notes 2030 to be converted and cash, common shares or a combination of cash and common shares, at the Company's election, with respect to the remainder, if any, of the conversion obligation in excess of the aggregate principal amount. As of March 31, 2026 and December 31, 2025, the if-converted value of the Convertible Notes 2030 did not exceed the principal amount.
Prior to July 20, 2028, the Company may not redeem the Convertible Notes 2030. On or after July 20, 2028, the Company may redeem for cash all or a portion of the Convertible Notes 2030, at its option, upon certain circumstances. The redemption price will be equal to 100% of the principal amount of the convertible notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. If certain make-whole fundamental changes occur, the conversion rate for the Convertible Notes 2030 may be increased.
Capped Call Transactions in Connection with the Convertible Senior Notes
In connection with the issuances of the Convertible Notes 2026 and the Convertible Notes 2030, the Company entered into privately negotiated capped call transactions. The capped call transactions cover, subject to anti-dilution adjustments substantially similar to those applicable to the convertible notes, the number of common shares underlying the applicable convertible note instrument. The capped call transactions are expected generally to reduce the potential dilution to holders of common shares upon conversion of the applicable convertible notes and/or offset the potential cash payments that the Company could be required to make in excess of the principal amount of any converted applicable convertible notes upon conversion thereof, with such reduction and/or offset subject to a cap. The upper strike price of the capped call transactions is $33.0225 per share for the Convertible Notes 2026 and $20.23 per share for the Convertible Notes 2030. Premiums paid for the capped call transactions were included as a net reduction to additional paid-in capital in the Company's accompanying consolidated balance sheets. The Company is exposed to credit risk in the event of non-performance by the counterparties to the capped call agreements. The Company believes it minimizes the credit risk by transacting with major creditworthy financial institutions.
14

Unsecured Senior Notes
On October 3, 2024, the Company issued $400.0 million aggregate principal amount of its 6.375% senior notes due October 15, 2029 (the "Senior Notes 2029"). The indenture governing the Senior Notes 2029 contains covenants that are customary for similar securities and require the Company to maintain total unencumbered assets as of the end of each fiscal quarter of not less than 150% of total unsecured indebtedness calculated on a consolidated basis. As of March 31, 2026, the Company was in compliance with all such covenants.
Mortgage Loans
On December 1, 2021, the Company assumed a $61.7 million loan secured by a first-lien mortgage on the leasehold interest of Estancia La Jolla Hotel & Spa ("Estancia"). The loan requires both principal and interest monthly payments based on a fixed interest rate of 5.07%. The loan matures on September 1, 2028.
On September 7, 2023, the Company entered into a $140.0 million loan secured by a first-lien mortgage on the leasehold interest of Margaritaville Hollywood Beach Resort. In February 2026, the Company paid down the remaining $40.0 million of the loan.
The Company's mortgage loan associated with Estancia is non-recourse to the Company except for customary carve-outs to the general non-recourse liability. The loan contains customary provisions regarding events of default, as well as customary cash management, cash trap and lockbox provisions. Cash trap provisions are triggered if the hotel's performance is below a certain threshold. Once triggered, all of the cash flow generated by the hotel is deposited directly into lockbox accounts and then swept into cash management accounts for the benefit of the lender. The property is not in a cash trap and no event of default has occurred under the loan documents.
Interest Expense
The components of the Company's interest expense consisted of the following for the three months ended March 31, 2026 and 2025 (in thousands):
For the three months ended
March 31,
20262025
Unsecured revolving credit facilities$527 $497 
Unsecured term loans10,963 10,971 
Convertible senior notes3,156 3,281 
Unsecured senior notes
6,375 6,192 
Mortgage loans992 3,163 
Amortization of debt (premium), deferred financing fees and loss on debt extinguishment3,171 1,910 
Other1,130 1,119 
Total interest expense$26,314 $27,133 
Fair Value
The Company estimates the fair value of its fixed rate mortgage loan and unsecured senior notes by discounting the future cash flows of each instrument at estimated market rates, taking into consideration general market conditions and maturity of the debt with similar credit terms, and is classified within Level 2 of the fair value hierarchy. The Company estimates the fair value of its fixed rate convertible senior notes using public market prices and is classified within Level 1 of the fair value hierarchy. The estimated fair value of the Company's fixed rate debt (unsecured senior notes, convertible senior notes and the Estancia mortgage loan) as of March 31, 2026 and December 31, 2025 was $1.2 billion. The fair value of the Company's variable rate debt approximates its carrying value.
15

Future Minimum Principal Payments
As of March 31, 2026, the future minimum principal payments for the Company's debt are as follows (in thousands):
2026$351,740 
20272,440 
2028405,106 
2029585,217 
2030400,000 
Thereafter360,000 
Total debt principal payments$2,104,503 
Unamortized debt premium and deferred financing costs, net(25,169)
Debt, net$2,079,334 
Derivative and Hedging Activities
The Company enters into interest rate swap agreements to hedge against interest rate fluctuations. All of the Company's interest rate swaps are designated as cash flow hedges. All unrealized gains and losses on these hedging instruments are reported in accumulated other comprehensive income (loss) and are subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings.
The Company's interest rate swaps at March 31, 2026 and December 31, 2025 consisted of the following, by maturity date (dollars in thousands):
Aggregate Notional Value as of
Hedge TypeInterest Rate Range (SOFR)MaturityMarch 31, 2026December 31, 2025
Swap-cash flow
3.02% - 3.03%
October 2026$200,000 $200,000 
Swap-cash flow
3.29%
October 2027165,000 165,000 
Swap-cash flow
3.34%
November 2027200,000 200,000 
Swap-cash flow
3.28% - 3.29%
March 2028200,000  
Swap-cash flow
3.54% - 3.55%
May 2028100,000 100,000 
Total$865,000 $665,000 
The Company records all derivative instruments at fair value in the accompanying consolidated balance sheets. Fair values of interest rate swaps are determined using the standard market methodology of netting the discounted future fixed cash receipts/payments and the discounted expected variable cash payments/receipts. Variable interest rates used in the calculation of projected receipts and payments on the swaps are based on an expectation of future interest rates derived from observable market interest rate curves (Overnight Index Swap curves) and volatilities (Level 2 inputs). Derivatives expose the Company to credit risk in the event of non-performance by the counterparties under the terms of the interest rate hedge agreements. The Company incorporates these counterparty credit risks in its fair value measurements. The Company believes it minimizes the credit risk by transacting with major creditworthy financial institutions.
As of March 31, 2026 and December 31, 2025, the Company's interest rate swap assets had an aggregate fair value of $3.3 million and $0.7 million, respectively. As of March 31, 2026 and December 31, 2025, the Company's interest rate swap liabilities had an aggregate fair value of zero and $0.9 million, respectively. Interest rate swap assets are included in prepaid expenses and other assets and interest rate swap liabilities are included in accounts payable, accrued expenses and other liabilities in the accompanying consolidated balance sheets. The Company expects approximately $2.6 million will be reclassified from accumulated other comprehensive income (loss) to interest expense within the next 12 months.
16

Note 6. Revenue
The Company presents revenue on a disaggregated basis in the accompanying consolidated statements of operations and comprehensive income. The following table presents revenues by geographic location for the three months ended March 31, 2026 and 2025 (in thousands):
For the three months ended
March 31,
20262025
Southern Florida/Georgia$89,545 $85,455 
San Diego, CA83,322 75,211 
San Francisco, CA47,481 33,741 
Boston, MA45,336 46,773 
Los Angeles, CA42,302 34,297 
Portland, OR13,549 12,797 
Washington, D.C.12,346 15,000 
Other(1)
11,775 16,992 
Total Revenues$345,656 $320,266 
______________________
(1)     Other includes: Chicago, IL, Newport, RI and Santa Cruz, CA.
Payments from customers are primarily made when services are provided. Due to the short-term nature of the Company's contracts (other than membership contracts) and the almost simultaneous receipt of payment, almost all of the contract liability balance at the beginning of the period is expected to be recognized as revenue over the following 12 months. Membership deposits, which are received pursuant to membership contracts, are recognized as revenue over the expected life of the membership.
Note 7. Equity
Common Shares
The Company is authorized to issue up to 500,000,000 common shares. Each outstanding common share entitles the holder to one vote on each matter submitted to a vote of shareholders. Holders of common shares are entitled to receive dividends when authorized by the Board of Trustees.
Common Share Repurchase Program
On October 21, 2025, the Company's Board of Trustees authorized a common share repurchase program of up to $150.0 million of common shares. Under this program, the Company may repurchase common shares from time to time in transactions on the open market or by private agreement. The Company may suspend or discontinue this program at any time. Common shares repurchased by the Company cease to be outstanding and become authorized but unissued common shares. During the three months ended March 31, 2026, the Company repurchased 405,821 common shares for an aggregate purchase price of $4.9 million, or an average of approximately $12.12 per share. As of March 31, 2026, $145.1 million of common shares remained available for repurchase under this program.
Common Dividends
The Company declared the following dividends on common shares/units for the three months ended March 31, 2026:
Dividend per Share/UnitFor the Quarter EndedRecord DatePayable Date
$0.01 March 31, 2026March 31, 2026April 15, 2026
Preferred Shares
The Company is authorized to issue up to 100,000,000 preferred shares of beneficial interest, $0.01 par value per share ("preferred shares").
The following preferred shares were outstanding as of March 31, 2026 and December 31, 2025:
Security TypeMarch 31, 2026December 31, 2025
6.375% Series E
4,265,374 4,265,374 
6.30% Series F
5,890,475 5,890,475 
6.375% Series G
9,085,949 9,085,949 
5.70% Series H
7,827,164 7,827,164 
27,068,962 27,068,962 
17

The Series E, Series F, Series G and Series H Cumulative Redeemable Preferred Shares (collectively, the "Preferred Shares") rank senior to the common shares and on parity with each other with respect to payment of distributions. The Preferred Shares do not have any maturity date and are not subject to mandatory redemption. The Company may redeem the Series E and Series F Preferred Shares at any time. The Series G and Series H Preferred Shares may not be redeemed prior to May 13, 2026 and July 27, 2026, respectively, except in limited circumstances relating to the Company's continuing qualification as a REIT or as discussed below. On or after such dates, the Company may, at its option, redeem the Preferred Shares, in each case in whole or from time to time in part, by payment of $25.00 per share, plus any accumulated, accrued and unpaid distributions through the date of redemption. Upon the occurrence of a change of control, as defined in the Company's declaration of trust, the result of which the common shares and the common securities of the acquiring or surviving entity are not listed on the New York Stock Exchange, the NYSE American or Nasdaq, or any successor exchanges, the Company may, at its option, redeem the Preferred Shares in whole or in part within 120 days following the change of control by paying $25.00 per share, plus any accrued and unpaid distributions through the date of redemption. If the Company does not exercise its right to redeem the Preferred Shares upon a change of control, the holders of the Preferred Shares have the right to convert some or all of their shares into a number of common shares based on defined formulas subject to share caps. The share cap on each Series E Preferred Share is 1.9372 common shares, on each Series F Preferred Share is 2.0649 common shares, on each Series G Preferred Share is 2.1231 common shares, and on each Series H Preferred Share is 2.2311 common shares.
Preferred Share Repurchase Program
On February 17, 2023, the Company's Board of Trustees authorized a share repurchase program of up to $100.0 million of the Preferred Shares. Under the terms of the program, the Company may repurchase up to an aggregate of $100.0 million of its 6.375% Series E Cumulative Redeemable Preferred Shares, 6.30% Series F Cumulative Redeemable Preferred Shares, 6.375% Series G Cumulative Redeemable Preferred Shares and 5.70% Series H Cumulative Redeemable Preferred Shares from time to time in transactions on the open market or by private agreement.
During the three months ended March 31, 2026, no Preferred Shares were repurchased. As of March 31, 2026, $74.1 million of Preferred Shares remained available for repurchase under this program.
The timing, manner, price and amount of any repurchases will be determined by the Company in its discretion and will depend on a variety of factors, including legal requirements, price, liquidity and economic considerations, and market conditions. The program does not require the Company to repurchase any specific number of Preferred Shares. The program does not have an expiration date and may be suspended, modified or discontinued at any time.
Preferred Dividends
The Company declared the following dividends on preferred shares for the three months ended March 31, 2026:
Security TypeDividend per Share/UnitFor the Quarter EndedRecord DatePayable Date
6.375% Series E
$0.40 March 31, 2026March 31, 2026April 15, 2026
6.30% Series F
$0.39 March 31, 2026March 31, 2026April 15, 2026
6.375% Series G
$0.40 March 31, 2026March 31, 2026April 15, 2026
5.70% Series H
$0.36 March 31, 2026March 31, 2026April 15, 2026
Non-controlling Interest of Common Units in Operating Partnership
Holders of Operating Partnership units ("OP units") have certain redemption rights that enable OP unit holders to cause the Operating Partnership to redeem their units in exchange for, at the Company's option, cash per unit equal to the market price of common shares at the time of redemption or common shares on a one-for-one basis. The number of shares issuable upon exercise of the redemption rights will be adjusted upon the occurrence of share splits, mergers, consolidations or similar pro-rata share transactions, which otherwise would have the effect of diluting the ownership interests of the Operating Partnership's limited partners or the Company's shareholders.
On May 11, 2022, in connection with the acquisition of Inn on Fifth in Naples, Florida, the Company issued 16,291 OP units.
As of March 31, 2026 and December 31, 2025, the Operating Partnership had 16,291 OP units held by third parties, excluding LTIP units.
As of March 31, 2026, the Operating Partnership had two classes of long-term incentive partnership units ("LTIP units"), LTIP Class A units and LTIP Class B units. All of the outstanding LTIP units are held by officers of the Company.
On February 7, 2025, the Board of Trustees granted time-vesting restricted awards of 159,594 LTIP Class B units to executive officers.
On February 5, 2026, the Board of Trustees granted time-vesting restricted awards of 183,587 LTIP Class B units to executive officers.
18

As of March 31, 2026, the Operating Partnership had 1,338,018 LTIP units outstanding, of which 1,002,586 LTIP units have vested. As of December 31, 2025, the Operating Partnership had 1,154,431 LTIP units outstanding, of which 710,156 LTIP units have vested. Only vested LTIP units may be converted to OP units, which in turn can be tendered for redemption as described above.
Non-controlling Interest of Preferred Units in Operating Partnership
On May 11, 2022, in connection with the acquisition of Inn on Fifth, the Company issued 3,104,400 preferred units in the Operating Partnership, designated as 6.0% Series Z Cumulative Perpetual Preferred Units ("Series Z Preferred Units"). The Series Z Preferred Units rank senior to the OP units and on parity with the Operating Partnership's Series E, Series F, Series G and Series H Preferred Units. Holders of Series Z Preferred Units are entitled to receive quarterly distributions at an annual rate of 6.0% of the liquidation preference value of $25.00 per share.
At any time, holders of Series Z Preferred Units may elect to convert some or all of their units into any other series of the Operating Partnership's preferred units outstanding at that time. After the second anniversary of the issuance of the Series Z Preferred Units, holders may elect to redeem some or all of their units for, at the Company's election, cash, common shares having an equivalent value or preferred shares on a one-for-one basis. After May 11, 2029, the Company may redeem the Series Z Preferred Units for cash, common shares having an equivalent value or preferred shares on a one-for-one basis. At any time following a change of control of the Company, holders of Series Z Preferred Units may elect to redeem some or all of their units for, at the Company's election, cash or common shares having an equivalent value.
As of March 31, 2026 and December 31, 2025, the Operating Partnership had 3,104,400 Series Z Preferred Units outstanding.
Note 8. Share-Based Compensation Plan
Available Shares
The Company maintains the 2009 Equity Incentive Plan (as amended and restated effective May 23, 2025, the "Plan") to attract and retain independent trustees, executive officers and other key employees and service providers. The Plan provides for the grant of options to purchase common shares, share awards, share appreciation rights, performance units and other equity-based awards. Share awards under the Plan vest over a period determined by the Board of Trustees, generally over three to five years. The Company pays or accrues for dividends on share-based awards. All outstanding share awards are subject to full or partial accelerated vesting upon a change in control and upon death or disability or certain other employment termination events as set forth in the award agreements.
As of March 31, 2026, there were 3,468,815 common shares available for issuance under the Plan.
Service Condition Share Awards
From time to time, the Company awards restricted common shares under the Plan to officers, employees and new members of the Board of Trustees. These shares generally vest over three to five years based on continued service or employment. The following table provides a summary of service condition restricted share activity for the three months ended March 31, 2026:
SharesWeighted-Average
Grant Date
 Fair Value
Unvested at December 31, 2025
399,625 $15.28 
Granted206,338 $11.91 
Vested(215,397)$16.47 
Unvested at March 31, 2026
390,566 $12.84 
For the three months ended March 31, 2026 and 2025, the Company recognized approximately $0.6 million and $0.7 million, respectively, of share-based compensation expense related to these awards as presented in the accompanying consolidated statements of operations and comprehensive income.
Performance-Based Equity Awards
On February 5, 2026, the Board of Trustees approved a target award of 393,872 performance-based equity awards to officers and employees of the Company. These awards will vest, if at all, in 2029. The actual number of common shares that ultimately vest will be from 0% to 200% of the target award and will be determined in 2029 based on the performance criteria set forth in the award agreements for the period of performance from January 1, 2026 through December 31, 2028.
For the three months ended March 31, 2026 and 2025, the Company recognized approximately $1.3 million of share-based compensation expense related to these performance-based equity awards as presented in the accompanying consolidated statements of operations and comprehensive income.
19

Long-Term Incentive Partnership Units
As of March 31, 2026, the Operating Partnership had two classes of LTIP units, LTIP Class A units and LTIP Class B units. All of the outstanding LTIP units are held by officers of the Company.
On February 5, 2026, the Board of Trustees granted 183,587 LTIP Class B units to executive officers. These LTIP units will vest ratably on January 1, 2027, 2028 and 2029, contingent upon continued employment with the Company. The fair value of each award was determined based on the closing price of the Company's common shares on the grant date of $11.89 per unit with an aggregate grant date fair value of $2.2 million.
As of March 31, 2026, the Operating Partnership had 1,338,018 LTIP units outstanding, of which 1,002,586 LTIP units have vested. As of December 31, 2025, the Operating Partnership had 1,154,431 LTIP units outstanding, of which 710,156 LTIP units have vested. Only vested LTIP units may be converted to OP units, which in turn can be tendered for redemption as described in Note 7. Equity.
For the three months ended March 31, 2026 and 2025, the Company recognized approximately $0.5 million and $1.2 million, respectively, in expense related to these LTIP units. The aggregate expense related to the LTIP unit grants is presented as non-controlling interest in the Company's accompanying consolidated balance sheets.
Note 9. Income Taxes
As a REIT, the Company generally is not subject to federal corporate income tax on that portion of its taxable income that is currently distributed to shareholders. However, as a REIT, the Company is still subject to certain state and local taxes on its revenues, income and property, and to federal income and excise taxes on its undistributed taxable income. In addition, taxable income of TRSs, including our TRS lessees, is subject to federal, state and local income taxes. A valuation allowance on deferred tax assets is recorded when the Company has determined it more likely than not that future results will not generate sufficient taxable income to realize the deferred tax assets for each jurisdiction.
The Company files tax returns as prescribed by the tax laws of the jurisdictions in which it operates. In the normal course of business, the Company is subject to examination by federal, state and local jurisdictions, where applicable. Due to the net operating loss carryforward, tax years 2020 through 2025 remain open to examination by the major taxing jurisdictions to which the Company is subject.
Note 10. Earnings (Loss) Per Share
The following is a reconciliation of basic and diluted earnings (loss) per common share (in thousands, except share and per-share data):
 For the three months ended
March 31,
 20262025
Numerator:
Net income (loss) attributable to common shareholders$(29,701)$(43,578)
Less: Dividends paid on unvested share-based compensation(7)(9)
Net income (loss) available to common shareholders — basic and diluted$(29,708)$(43,587)
Denominator:
Weighted-average number of common shares — basic and diluted113,331,501 119,204,243 
Net income (loss) per share available to common shareholders — basic and diluted$(0.26)$(0.37)
For the three months ended March 31, 2026 and 2025, 1,453,598 and 1,390,560, respectively, of unvested service condition restricted shares and performance-based equity awards were excluded from diluted weighted-average number of common shares, as their effect would have been anti-dilutive.
For the three months ended March 31, 2026 and 2025, 13,739,215 and 29,441,175, respectively, of common shares underlying the Convertible Notes 2026 have been excluded from diluted shares as their effect would have been anti-dilutive.
The LTIP and OP units held by the non-controlling interest holders have been excluded from the denominator of the diluted earnings per share as there would be no effect on the amounts since the limited partners' share of income (loss) would also be added or subtracted to derive net income (loss) available to common shareholders.
20

Note 11. Commitments and Contingencies
Hotel Management Agreements
The Company's hotel properties are operated pursuant to management agreements with various management companies. The remaining terms of these management agreements are up to eight years, not including renewals, and up to 26 years, including renewals. The majority of the Company's management agreements are terminable at will by the Company upon paying a termination fee and some are terminable by the Company upon sale of the property, with, in some cases, the payment of termination fees. Most of the agreements also provide the Company the ability to terminate based on failure to achieve defined operating performance thresholds. Termination fees range from zero to up to three times the annual base management and incentive management fees, depending on the agreement and the reason for termination. Certain of the Company's management agreements are non-terminable except upon the manager's breach of a material representation or the manager's failure to meet performance thresholds as defined in the management agreement.
The management agreements require the payment of a base management fee generally between 1% and 4% of hotel revenues. Under certain management agreements, the management companies are also eligible to receive an incentive management fee if hotel operating income, cash flows or other performance measures, as defined in the agreements, exceed certain performance thresholds. The incentive management fee is generally calculated as a percentage of hotel operating income after the Company has received a priority return on its investment in the hotel.
For the three months ended March 31, 2026 and 2025, combined base and incentive management fees were $8.4 million and $7.6 million, respectively. Base and incentive management fees are included in other direct and indirect expenses in the Company's accompanying consolidated statements of operations and comprehensive income.
Reserve Funds
Certain of the Company's agreements with its hotel managers, franchisors, ground lessors and lenders have provisions for the Company to provide funds, typically 4.0% of hotel revenues, sufficient to cover the cost of (a) certain non-routine repairs and maintenance to the hotels and (b) replacements and renewals to the hotels' furniture, fixtures and equipment.
Restricted Cash
At March 31, 2026 and December 31, 2025, the Company had $8.4 million and $12.0 million, respectively, in restricted cash, which consisted of funds held in cash management accounts held by a lender, reserves for replacement of furniture and fixtures, and reserves to pay for real estate taxes, ground rent or property insurance under certain hotel management agreements or loan agreements.
21

Long-Term Property Operating and Finance Leases
At March 31, 2026, the following hotels were subject to leases as follows:
Lease PropertiesLease TypeLease Expiration Date
Restaurant at Southernmost Beach Resort
Operating leaseApril 2029
Paradise Point Resort & SpaOperating leaseMay 2050
Harbor Court Hotel San FranciscoFinance leaseAugust 2052
Hotel Monaco Washington DCOperating leaseNovember 2059
Argonaut HotelOperating leaseDecember 2059
Hotel Zephyr Fisherman's Wharf and Retail
Operating leaseFebruary 2062
Viceroy Santa Monica HotelOperating leaseSeptember 2065
Estancia La Jolla Hotel & SpaOperating leaseJanuary 2066
San Diego Mission Bay ResortOperating leaseJuly 2068
1 Hotel San FranciscoOperating leaseMarch 2070
(1)
Hyatt Regency Boston HarborOperating leaseApril 2077
The Westin Copley Place, BostonOperating leaseDecember 2077
(2)
The Liberty, a Luxury Collection Hotel, BostonOperating leaseMay 2080
Jekyll Island Club Resort and Restaurant
Operating leaseJanuary 2089
Hotel Zeppelin San Francisco
Operating and finance leaseJune 2089
(4)
Hotel Zelos San FranciscoOperating leaseJune 2097
Hotel Palomar Los Angeles Beverly HillsOperating leaseJanuary 2107
(3)
Margaritaville Hollywood Beach ResortOperating leaseJuly 2112
______________________
(1)     The expiration date assumes the exercise of a 14-year extension option.
(2)     No payments are required through maturity.
(3)     The expiration date assumes the exercise of all 19 five-year extension options.
(4)     This property consists of a 116-guest room building, which is owned in fee simple, and an adjoining building with 80 guest rooms, which is subject to a lease agreement. The expiration date assumes the exercise of a 30-year extension option.
The Company's leases may require minimum fixed rent payments, percentage rent payments based on a percentage of revenues in excess of certain thresholds or rent payments equal to the greater of a minimum fixed rent or percentage rent. Minimum fixed rent may be adjusted annually by increases in the consumer price index and may be subject to minimum and maximum increases. Some leases also contain certain restrictions on modifications that can be made to the hotel structures due to their status as national historic landmarks.
The Company records expense on a straight-line basis for leases that provide for minimum rental payments that increase in pre-established amounts over the remaining terms of the leases. Ground rent expense is included in real estate taxes, personal property taxes, property insurance and ground rent in the Company's accompanying consolidated statements of operations and comprehensive income.
The components of ground rent expense for the three months ended March 31, 2026 and 2025 are as follows (in thousands):
For the three months ended
March 31,
20262025
Fixed ground rent $5,156 $4,810 
Variable ground rent4,803 4,186 
Total ground rent$9,959 $8,996 
Litigation
The nature of the operations of hotels exposes the Company's hotels, the Company and the Operating Partnership to the risk of claims and litigation in the normal course of their business. The Company has insurance to cover certain potential material losses. The Company is not presently subject to any material litigation nor, to the Company's knowledge, is any material litigation threatened against the Company.
22

Note 12. Supplemental Information to Statements of Cash Flows (in thousands)
 For the three months ended
March 31,
 20262025
Interest paid, net of capitalized interest$15,742 $15,445 
Income taxes paid (refunded)$ $(170)
Non-Cash Investing and Financing Activities:
Distributions payable on common shares/units$1,197 $1,246 
Distributions payable on preferred shares/units$10,414 $10,601 
Issuance of common shares for Board of Trustees compensation$825 $745 
Accrued additions and improvements to hotel properties$1,216 $1,600 
Write-off of fully amortized deferred financing costs$2,173 $ 
Write-down of investment$1,639 $2,662 
Note 13. Operating Segment Information
The following table presents the Company's segment hotel revenues, Hotel EBITDA, including significant hotel expenses and its reconciliation to net income (loss) for the three months ended March 31, 2026 and 2025 (in thousands):
For the three months ended
March 31,
20262025
Revenues:
Total revenues$345,656 $320,266 
Less: Corporate and other revenues260 378 
Hotel revenues345,396 319,888 
Significant hotel expenses:
Room expenses59,515 58,523 
Food and beverage expenses65,459 64,568 
Hotel general and administrative29,112 29,111 
Hotel sales and marketing22,811 22,955 
Hotel operations and maintenance31,077 30,932 
Hotel management fee8,418 7,949 
Hotel real estate taxes, personal property taxes, property insurance and ground rent33,278 33,047 
Other segment items (1)
13,527 11,976 
Hotel EBITDA82,199 60,827 
Depreciation and amortization(51,979)(57,543)
Interest expense(26,314)(27,133)
Impairment(7,688) 
Business interruption insurance income 4,303 
Income tax (expense) benefit17 3,162 
Corporate and other (2)
(14,671)(15,796)
Net income (loss)$(18,436)$(32,180)
______________________
(1)    Other segment items include expenses incurred for parking, spa, franchise fees and other hotel operating expenses.
(2)    Corporate and other include corporate general and administrative and other operating income and expenses.
23

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.

The following discussion and analysis should be read in conjunction with the consolidated financial statements and related notes included elsewhere in this report. Pebblebrook Hotel Trust is a Maryland real estate investment trust that conducts its operations so as to qualify as a real estate investment trust ("REIT") under the Internal Revenue Code of 1986, as amended (the "Code"). Substantially all of the operations are conducted through Pebblebrook Hotel, L.P. (our "Operating Partnership"), a Delaware limited partnership of which Pebblebrook Hotel Trust is the sole general partner. In this report, we use the terms "the Company", "we" or "our" to refer to Pebblebrook Hotel Trust and its subsidiaries and "hotels" and "hotel properties" to refer to hotels and resorts, unless the context indicates otherwise.

FORWARD-LOOKING STATEMENTS
This report, together with other statements and information publicly disseminated by us, contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and include this statement for purposes of complying with these safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, are generally identifiable by use of the words "may", "will", "should", "potential", "could", "seek", "assume", "forecast", "believe", "expect", "intend", "anticipate", "estimate", "project" or similar expressions. Forward-looking statements in this report include, among others, statements about our business strategy, including acquisition and development strategies, industry trends, estimated revenues and expenses, estimated costs and durations of renovation or restoration projects, timing and extent of debt refinancings, estimated insurance recoveries, our ability to realize deferred tax assets and expected liquidity needs and sources (including capital expenditures and our ability to obtain financing or raise capital). You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond our control and which could materially affect actual results, performance or achievements. These factors include, but are not limited to, the following:
risks associated with the hotel industry, including competition; changes in visa and other travel policies by the U.S. government making it less convenient, more difficult or less desirable for international travelers to enter the U.S.; increases in employment costs, energy costs or other operating costs; and decreases in demand caused by events beyond our control, including, without limitation, actual or threatened terrorist attacks, natural disasters, cyber attacks, any type of flu or disease-related pandemic, or downturns in general and local economic conditions;
world events impacting the ability or desire of people to travel may lead to a decline in demand for hotels;
the availability and terms of financing and capital and the general volatility of securities markets;
our dependence on third-party managers of our hotels, including our inability to implement strategic business decisions directly;
risks associated with the U.S. and global economies, the cyclical nature of hotel properties and the real estate industry, including environmental contamination and costs of complying with new or existing laws, including the Americans with Disabilities Act and similar laws;
interest rate increases;
our possible failure to qualify as a REIT under the Code and the risk of changes in laws affecting REITs;
the timing and availability of potential hotel acquisitions, our ability to identify and complete hotel acquisitions and our ability to complete hotel dispositions in accordance with our business strategy;
the possibility of uninsured losses;
risks associated with redevelopment and repositioning projects, including delays and cost overruns; and
the other factors discussed under Risk Factors in Part II, Item 1A of this Quarterly Report on Form 10-Q and our Annual Report on Form 10-K for the year ended December 31, 2025.
Accordingly, there is no assurance that our expectations will be realized. Except as otherwise required by the federal securities laws, we disclaim any obligations or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
24

Overview
Operating results for the first quarter were strong and significantly exceeded expectations. Strength came from continued recovery in San Francisco and Los Angeles and the ramp-up of recently redeveloped resorts. San Diego urban hotels and Chicago also delivered healthy RevPAR growth. A continued focus on expense management also resulted in positive earnings growth. While the quarter results were positive, we remain cautious towards the remainder of the year given an increasingly uncertain macroeconomic environment.
During the three months ended March 31, 2026, we had the following transactions and events:
We amended our senior unsecured revolving credit facility and unsecured term loan facilities to extend the $360.0 million Term Loan 2027 to mature in February 2031 and to provide for a delayed draw option to borrow an additional $90.0 million by December 15, 2026 (which we now refer to the extended loan as Term Loan 2031). We also extended the maturity date of the $48.0 million unextended portion of the senior unsecured revolving credit facility to October 2028.
We repaid the remaining $40.0 million mortgage loan on Margaritaville Hollywood Beach Resort.
We repurchased 405,821 common shares for an aggregate purchase price of $4.9 million, or an average of $12.12 per share, under our common share repurchase program.
While we do not operate our hotel properties, both our asset management team and our executive management team monitor and work cooperatively with our hotel managers by advising and making recommendations in all aspects of our hotels' operations, including property positioning and repositioning, revenue and expense management, operations analysis, physical design, renovation and capital improvements, guest experience and overall strategic direction. Through these efforts, we seek to improve property efficiencies, lower costs, maximize revenues and enhance property operating margins, which we expect will enhance returns to our shareholders.
Key Indicators of Financial Condition and Operating Performance
We measure hotel results of operations and the operating performance of our business by evaluating financial and non-financial metrics such as room revenue per available room ("RevPAR"); total revenue per available room ("Total RevPAR"); average daily rate ("ADR"); occupancy rate ("Occupancy"); funds from operations ("FFO"); Adjusted FFO; earnings before interest, income taxes, depreciation and amortization ("EBITDA"); and EBITDA for real estate ("EBITDAre"); Adjusted EBITDAre; and hotel-level EBITDA ("Hotel EBITDA"). We evaluate individual hotel and company-wide performance with comparisons to budgets, prior periods and competing properties. ADR, occupancy and RevPAR may be impacted by macroeconomic factors as well as regional and local economies and events. See Non-GAAP Financial Measures for further discussion of FFO, Adjusted FFO, EBITDA, EBITDAre, Adjusted EBITDAre and Hotel EBITDA.
Hotel Operating Statistics
The following table represents the key same-property hotel operating statistics for our hotels for the three months ended March 31, 2026 and 2025:
For the three months ended
March 31,
20262025
Same-Property Occupancy68.5 %63.0 %
Same-Property ADR$315.18 $306.51 
Same-Property RevPAR$215.78 $193.08 
Same-Property Total RevPAR$345.82 $314.01 
For the three months ended March 31, 2026 and 2025, the above table of hotel operating statistics includes information from all hotels owned as of March 31, 2026.
Non-GAAP Financial Measures
Non-GAAP financial measures are measures of our historical or future financial performance that are different from measures calculated and presented in accordance with U.S. GAAP. We report FFO, Adjusted FFO, EBITDA, EBITDAre, Adjusted EBITDAre and Hotel EBITDA, which are non-GAAP financial measures that we believe are useful to investors as key measures of our operating performance.
25

We calculate FFO in accordance with standards established by Nareit, formerly known as the National Association of Real Estate Investment Trusts, which defines FFO as net income (calculated in accordance with U.S. GAAP), excluding real estate related depreciation and amortization, gains (losses) from sales of real estate, impairments of real estate assets (including impairment of real estate related joint ventures), the cumulative effect of changes in accounting principles and adjustments for unconsolidated affiliates. Historical cost accounting for real estate assets implicitly assumes that the value of real estate assets diminishes predictably over time. Since real estate values instead have historically risen or fallen with market conditions, most industry investors consider presentations of operating results for real estate companies that use historical cost accounting to be insufficient by themselves. By excluding the effect of real estate related depreciation and amortization including our share of the joint venture depreciation and amortization, gains (losses) from sales of real estate and impairments of real estate assets (including impairment of real estate related joint ventures), all of which are based on historical cost accounting and which may be of lesser significance in evaluating current performance, we believe that FFO provides investors a useful financial measure to evaluate our operating performance.
Adjusted FFO is defined as FFO, as adjusted for transaction costs, non-cash ground rent on operating and finance lease liabilities, management/franchise contract transition costs, interest expense adjustment for acquired liabilities, finance lease adjustment, non-cash amortization of acquired intangibles, gain on insurance settlement, early extinguishment of debt, amortization of share-based compensation expense, issuance costs of redeemed preferred shares, hurricane-related costs, non-cash interest expense, unrealized loss on investment and deferred tax asset provision (benefit). We believe Adjusted FFO provides useful supplemental information regarding our ongoing operating performance.
The following table reconciles net income (loss) to FFO, FFO available to common share and unit holders and Adjusted FFO available to common share and unit holders for the three months ended March 31, 2026 and 2025 (in thousands):
 For the three months ended
March 31,
 20262025
Net income (loss)$(18,436)$(32,180)
Adjustments:
Real estate depreciation and amortization51,923 57,487 
Impairment7,688 — 
FFO$41,175 $25,307 
Distribution to preferred shareholders and unit holders(11,591)(11,795)
FFO available to common share and unit holders$29,584 $13,512 
Transaction costs50 
Non-cash ground rent on operating and finance leases1,715 1,839 
Management/franchise contract transition costs80 
Interest expense adjustment for acquired liabilities319 324 
Finance lease adjustment765 755 
Non-cash amortization of acquired intangibles(52)(472)
Early extinguishment of debt627 — 
Amortization of share-based compensation expense2,306 3,219 
Deferred tax provision (benefit)(17)(3,105)
Unrealized loss on investment1,639 2,662 
Adjusted FFO available to common share and unit holders$37,016 $18,741 
EBITDA is defined as earnings before interest, income taxes, depreciation and amortization. We calculate EBITDAre in accordance with standards established by Nareit. EBITDAre is defined as EBITDA as adjusted for gain on sale of hotel properties and impairment loss. Adjusted EBITDAre is defined as EBITDAre, as adjusted for transaction costs, non-cash ground rent on operating and finance lease liabilities, management/franchise contract transition costs, non-cash amortization of acquired intangibles, gain on insurance settlement, amortization of share-based compensation expense, unrealized loss on investment and hurricane-related costs. Hotel EBITDA is defined as Adjusted EBITDAre plus corporate general and administrative expenses less interest income, business interruption insurance income and other. We believe that EBITDA, EBITDAre, Adjusted EBITDAre and Hotel EBITDA provide investors useful financial measures to evaluate our operating performance, excluding the impact of our capital structure (primarily interest expense) and our asset base (primarily depreciation and amortization).
26

The following table reconciles net income (loss) to EBITDA, EBITDAre, Adjusted EBITDAre and Hotel EBITDA for the three months ended March 31, 2026 and 2025 (in thousands):
 For the three months ended
March 31,
 20262025
Net income (loss)$(18,436)$(32,180)
Adjustments:
Interest expense26,314 27,133 
Income tax expense (benefit)(17)(3,162)
Depreciation and amortization51,979 57,543 
EBITDA$59,840 $49,334 
Impairment7,688 — 
EBITDAre
$67,528 $49,334 
Transaction costs50 
Non-cash ground rent on operating and finance leases1,715 1,839 
Management/franchise contract transition costs80 
Non-cash amortization of acquired intangibles(52)(472)
Amortization of share-based compensation expense2,306 3,219 
Unrealized loss on investment1,639 2,662 
Adjusted EBITDAre
$73,266 $56,589 
Business interruption insurance income
— (4,303)
Corporate general and administrative and other8,933 8,541 
Hotel EBITDA$82,199 $60,827 
FFO, Adjusted FFO, EBITDA, EBITDAre, Adjusted EBITDAre and Hotel EBITDA do not represent cash generated from operating activities as determined by U.S. GAAP and should not be considered as alternatives to U.S. GAAP net income (loss), as indications of our financial performance, or to U.S. GAAP cash flow from operating activities, as measures of liquidity. In addition, FFO, Adjusted FFO, EBITDA, EBITDAre, Adjusted EBITDAre and Hotel EBITDA are not indicative of funds available to fund cash needs, including the ability to make cash distributions.
Results of Operations
At March 31, 2026 and 2025, our consolidated financial statements included the operations of 44 and 46 hotel properties, respectively, which have been included in our results of operations during the respective periods since their dates of acquisition or through their dates of disposition. Based on when a property was acquired or disposed of, operating results for certain properties are not comparable for the three months ended March 31, 2026 and 2025. The properties listed in the table below are hereinafter referred to as "non-comparable properties" and all other properties are referred to as "comparable properties".
PropertyLocationDisposition Date
Montrose at Beverly HillsLos Angeles, CANovember 19, 2025
The Westin Michigan Avenue ChicagoChicago, ILDecember 3, 2025
Comparison of the three months ended March 31, 2026 to the three months ended March 31, 2025
Revenues — Total revenues increased by $25.4 million primarily due to an increase in revenues at our Los Angeles properties which were negatively impacted in 2025 by the wildfires, and an increase in revenue at our San Francisco properties due to partial recovery of business travel as well as the Super Bowl. These increases were partially offset by decreases in revenue from non-comparable properties, a decline in revenue at the Washington, D.C. properties resulting from the presidential inauguration occurring only in 2025 and a decrease in revenue at Revere Hotel Boston Common as a result of a room refreshment.
Hotel operating expenses — Total hotel operating expenses increased by $4.9 million primarily as a result of higher revenues in Los Angeles and San Francisco, which was offset by a decrease in hotel operating expenses associated with non-comparable properties.
Depreciation and amortization — Depreciation and amortization expense decreased by $5.5 million primarily due to the sale of the non-comparable properties in 2025.
Real estate taxes, personal property taxes, property insurance and ground rent — Real estate taxes, personal property taxes, property insurance and ground rent decreased by $0.5 million primarily due to a decrease in real estate tax on non-comparable properties, partially offset by higher percentage ground rent as a result of higher revenues at properties subject to ground leases.
27

General and administrative — General and administrative expenses decreased by $1.2 million primarily due to a decrease in non-cash compensation expense. General and administrative expenses consist of employee compensation costs, legal and professional fees, insurance and other expenses.
Impairment — We recognized an impairment loss of $7.7 million in 2026 related to one hotel. No impairment loss was recognized in the first quarter of 2025.
Business interruption insurance income — We recognized business interruption insurance income in 2025 related to partial settlements with our insurance carriers for lost income at LaPlaya Beach Resort & Club resulting from Hurricanes Helene and Milton. There was no business interruption insurance income in 2026.
Interest expense — Interest expense decreased slightly by $0.8 million primarily as a result of lower borrowings in 2026.
Income tax (expense) benefit — Income tax benefit decreased by $3.1 million due primarily to a decrease in the taxable loss of our TRS during the quarter compared to the same period in the prior year.
Non-controlling interests — Non-controlling interests represents the allocation of income or loss of the Operating Partnership to third-party common OP unit holders and to the preferred OP unit holders.
Critical Accounting Policies
Our consolidated financial statements have been prepared in conformity with U.S. GAAP, which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of our financial statements and the reported amounts of revenues and expenses during the reporting period. While we do not believe the reported amounts would be materially different, application of these policies involves the exercise of judgment and the use of assumptions as to future uncertainties and, as a result, actual results could differ from these estimates. We evaluate our estimates and judgments on an ongoing basis. We base our estimates on experience and on various other assumptions that are believed to be reasonable under the circumstances. All of our significant accounting policies, including certain critical accounting policies, are disclosed in our Annual Report on Form 10-K for the year ended December 31, 2025.
New Accounting Pronouncements
See Note 2. Summary of Significant Accounting Policies to our consolidated financial statements included in Part I, Item 1 of this Quarterly Report on Form 10-Q for recently issued accounting pronouncements that may affect us.
Liquidity and Capital Resources
Our primary sources of liquidity are cash provided by our operations, borrowings under our credit facilities, net proceeds from equity and debt offerings, and net proceeds from property sales. Our primary cash requirements in the short term (i.e., those requiring cash on or before March 31, 2027) will be to fund property lease obligations, interest and current principal on debt, capital improvements, dividends on common and preferred shares, and working capital of our property operations. We believe our cash and cash equivalents, restricted cash and the amount available on our senior unsecured revolving credit facility, which totaled $845.8 million as of March 31, 2026, along with cash generated from ongoing operations will be sufficient to satisfy our short-term cash requirements. As of March 31, 2026, we had no off-balance sheet arrangements.
In order to maintain our qualification as a REIT, we must pay dividends to our shareholders of at least 90% of our taxable income. As a result of this requirement, we cannot rely on retained earnings to fund long-term liquidity requirements such as hotel property acquisitions, redevelopments and repayments of long-term debt. As such, we expect to continue to raise capital through equity and debt offerings to fund our growth.
Our material cash requirements include the following contractual and other obligations.
Debt
Our outstanding debt consisted of floating- and fixed-rate unsecured term loans, convertible senior notes, unsecured senior notes and a mortgage loan with varying maturities. Our total debt had an aggregate face value of $2.1 billion as of March 31, 2026, as summarized below:
March 31, 2026
(in thousands)
Unsecured revolving credit facilities$— 
Unsecured term loans901,869 
Convertible senior notes750,000 
Unsecured senior notes400,000 
Mortgage loan52,634 
Total debt at face value$2,104,503 
28

For further discussion on the components of our debt, see Note 5. Debt to our consolidated financial statements included in Part I, Item 1 of this Quarterly Report on Form 10-Q.
We expect that future principal and interest payments associated with our remaining debt obligations outstanding as of March 31, 2026 will be $2.4 billion through their maturity, with $352.2 million of principal and $88.1 million of interest payable on or before March 31, 2027. We intend to pay amounts due with available cash, borrowings under our revolving credit facility or proceeds from property sales or to refinance amounts due with long-term debt.
We are in compliance with all covenants governing our existing credit facilities, term loans, senior note facilities and mortgage loan.
Our mortgage loan contains customary provisions regarding events of default, as well as customary cash management, cash trap and lockbox provisions. Cash trap provisions may be triggered if the hotel's performance is below a certain threshold. Once triggered, all of the cash flow generated by the hotel is deposited directly into lockbox accounts and then swept into cash management accounts for the benefit of our lender. As of March 31, 2026, the mortgage loan was not in a cash trap.
Hotel, ground and finance lease obligations
Our properties that are subject to hotel, ground or finance leases, as noted in Note 11. Commitments and Contingencies to our consolidated financial statements included in Part I, Item 1 of this Quarterly Report on Form 10-Q, may require minimum fixed rent payments, percentage rent payments based on a percentage of revenues in excess of certain thresholds or rent payments equal to the greater of a minimum fixed rent or percentage rent. Minimum fixed rent may be adjusted annually by increases in consumer price index ("CPI") and may be subject to minimum and maximum increases.
Future fixed minimum payments associated with our hotel, ground and finance leases total $1.9 billion as of March 31, 2026, with $25.0 million payable on or before March 31, 2027.
Purchase commitments
As of March 31, 2026, we had $0.7 million of outstanding purchase commitments, all of which will be paid on or before March 31, 2027. These purchase commitments represent outstanding purchase orders and contracts that have been executed for capital and renovation projects at our properties. See Capital Investments (below) for discussion on planned capital investments.
Preferred dividends and Series Z preferred operating partnership units
We expect to pay aggregate annual dividends and distributions of approximately $46.4 million on our outstanding Series E, Series F, Series G and Series H Cumulative Redeemable Preferred Shares and Series Z Cumulative Perpetual Preferred Units on or before March 31, 2027 and in future years until the shares/units are redeemed. For further discussion on our preferred shares and preferred units, see Note 7. Equity to our consolidated financial statements included in Part I, Item 1 of this Quarterly Report on Form 10-Q.
Sources and Uses of Cash
Our principal sources of cash are cash from operations, draws on our credit facilities, net proceeds from equity and debt offerings, and net proceeds from property sales. Our principal uses of cash are asset acquisitions, debt service payments, the redemption of equity securities, capital investments, operating costs, corporate expenses and dividends.
Operating Activities. Our net cash provided by operating activities was $84.1 million for the three months ended March 31, 2026 and $50.3 million for the three months ended March 31, 2025. Fluctuations in our net cash provided by (used in) operating activities are primarily the result of changes in hotel revenues, operating cash requirements and corporate expenses.
Investing Activities. Our net cash used in investing activities was $9.0 million for the three months ended March 31, 2026 and $20.9 million for the three months ended March 31, 2025. Fluctuations in our net cash provided by (used in) investing activities are primarily the result of capital improvements and additions to our properties.
During the three months ended March 31, 2026, we invested $11.9 million in improvements to our hotel properties and received $3.2 million in property insurance proceeds.
During the three months ended March 31, 2025, we invested $20.7 million in improvements to our hotel properties.
Financing Activities. Our net cash used in financing activities was $66.7 million for the three months ended March 31, 2026 and $28.9 million for the three months ended March 31, 2025. Fluctuations in our net cash provided by (used in) financing activities are primarily the result of our issuance and repurchase of debt and equity securities and distributions paid on our preferred and common shares.
During the three months ended March 31, 2026, we borrowed $360.0 million and repaid $400.8 million of debt, repurchased $5.9 million of common shares through our common share repurchase program and for tax withholding purposes in connection with vestings of share-based equity awards, paid $6.6 million in deferred financing costs and paid $12.7 million in preferred and common distributions.
29

During the three months ended March 31, 2025, we repaid $0.5 million of debt, repurchased $14.6 million of common shares through our common share repurchase program and for tax withholding purposes in connection with vestings of share-based equity awards and paid $13.0 million in preferred and common distributions.
Capital Investments
We maintain and intend to continue maintaining all of our hotels in good repair and condition, in conformity with applicable laws and regulations, in accordance with franchisor standards when applicable and in accordance with agreed-upon requirements in our management agreements. Routine capital investments will be administered by the hotel management companies. However, we maintain approval rights over the capital investments as part of the annual budget process and as otherwise required from time to time.
Certain of our hotel properties may undergo renovations as a result of our decision to upgrade portions of the hotels, such as guest rooms, meeting space and restaurants, in order to better compete with other hotels in our markets. In addition, after we acquire a hotel property, we are often required by the franchisor or brand manager, if any, to complete a property improvement plan ("PIP") in order to bring the hotel property up to the franchisor's or brand's standards. Generally, we expect to fund renovations and improvements with available cash, restricted cash, borrowings under our credit facility or proceeds from new debt or equity offerings.
For the three months ended March 31, 2026, we invested $11.9 million in capital investments to reposition and/or improve our properties, including the capital maintenance projects and renovations of Chaminade Resort & Spa.
Depending on market conditions, and in some instances subject to approval from governmental authorities, we expect to invest a total of $65.0 million to $75.0 million in capital investments in 2026, which includes normal hotel capital refurbishments and repositioning projects at Paradise Point Resort & Spa and Chaminade Resort & Spa.
Common Share Repurchase Program and Preferred Share Repurchase Program
Common Share Repurchase Program
On October 21, 2025, our Board of Trustees authorized a share repurchase program of up to $150.0 million of common shares. Under this program, we may repurchase common shares from time to time in transactions on the open market or by private agreement. We may suspend or discontinue this program at any time. Common shares repurchased by us cease to be outstanding and become authorized but unissued common shares.
During the three months ended March 31, 2026, we repurchased 405,821 common shares for an aggregate purchase price of $4.9 million, or an average of approximately $12.12 per share. As of March 31, 2026, $145.1 million of common shares remained available for repurchase under this program.
The timing, manner, price and amount of any repurchases will be determined by us in our discretion and will depend on a variety of factors, including legal requirements, price, liquidity and economic considerations and market conditions. The program does not require us to repurchase any specific number of common shares. The program does not have an expiration date and may be suspended, modified or discontinued at any time.
Preferred Share Repurchase Program
On February 17, 2023, our Board of Trustees authorized a share repurchase program of up to $100.0 million of preferred shares. Under the terms of the program, we may repurchase up to an aggregate of $100.0 million of our 6.375% Series E Cumulative Redeemable Preferred Shares, 6.30% Series F Cumulative Redeemable Preferred Shares, 6.375% Series G Cumulative Redeemable Preferred Shares and 5.70% Series H Cumulative Redeemable Preferred Shares from time to time in transactions on the open market or by private agreement.
During the three months ended March 31, 2026, no preferred shares were repurchased. As of March 31, 2026, $74.1 million of preferred shares remained available for repurchase under this program.
The timing, manner, price and amount of any repurchases will be determined by us in our discretion and will depend on a variety of factors, including legal requirements, price, liquidity and economic considerations, and market conditions. The program does not require us to repurchase any specific number of preferred shares. The program does not have an expiration date and may be suspended, modified or discontinued at any time.
Inflation
We rely on the performance of the hotels to increase revenues to keep pace with inflation. Generally, our hotel operators possess the ability to adjust room rates daily, except for group or corporate rates contractually committed to in advance, although competitive pressures may limit the ability of our operators to raise rates faster than inflation or even at the same rate.
30

Seasonality
Demand in the lodging industry is affected by recurring seasonal patterns which are greatly influenced by overall economic cycles, geographic locations, weather and customer mix at the hotels. Generally, our hotels have lower revenue, operating income and cash flow in the first and fourth quarters of each year and higher revenue, operating income and cash flow in the second and third quarters of each year.
Derivative Instruments
In the normal course of business, we are exposed to the effects of interest rate changes. We may enter into derivative instruments including interest rate swaps, caps and collars to manage or hedge interest rate risk. Derivative instruments are subject to fair value reporting at each reporting date and the increase or decrease in fair value is recorded in net income (loss) or accumulated other comprehensive income (loss), based on the applicable hedge accounting guidance. Derivatives expose the Company to credit risk in the event of non-performance by the counter parties under the terms of the interest rate hedge agreements. We believe we minimize the credit risk by transacting with major credit-worthy financial institutions.
As of March 31, 2026, we have interest rate swap agreements with an aggregate notional amount of $865.0 million to hedge variable interest rates on our unsecured term loans. We have designated these pay-fixed, receive-floating interest rate swap derivatives as cash flow hedges. For a further discussion of our derivative instruments, see Note 5. Debt to our consolidated financial statements included in Part I, Item 1 of this Quarterly Report on Form 10-Q.
Item 3. Quantitative and Qualitative Disclosures about Market Risk.
Interest Rate Sensitivity
We are exposed to market risk from changes in interest rates. We seek to limit the impact of interest rate changes on earnings and cash flows and to lower our overall borrowing costs by closely monitoring our variable rate debt and converting such debt to fixed rates when we deem such conversion advantageous. From time to time, we may enter into interest rate swap agreements or other interest rate hedging contracts. While these agreements are intended to lessen the impact of rising interest rates, they also expose us to the risks that the other parties to the agreements will not perform, we could incur significant costs associated with the settlement of the agreements, the agreements will be unenforceable and the underlying transactions will fail to qualify as highly effective cash flow hedges under guidance included in ASC 815 "Derivatives and Hedging."
As of March 31, 2026, $36.9 million of our aggregate indebtedness (1.8% of total indebtedness) was subject to variable interest rates, excluding amounts outstanding under the term loan facilities and a mortgage loan that have been effectively swapped into fixed rates. If interest rates on our unhedged variable rate debt increase or decrease by 0.1%, our annual interest expense will increase or decrease by an immaterial amount.
Item 4. Controls and Procedures.
Disclosure Controls and Procedures
Under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures pursuant to Exchange Act Rule 13a-15(b) as of the end of the period covered by this report. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that these disclosure controls and procedures are effective.
Changes in Internal Control Over Financial Reporting
There were no changes to our internal control over financial reporting during our most recent fiscal quarter that materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.
31

PART II. OTHER INFORMATION
Item 1. Legal Proceedings.
The nature of the operations of our hotels exposes the hotels and us to the risk of claims and litigation in the normal course of business. We are not presently subject to any material litigation nor, to our knowledge, is any litigation threatened against us, other than routine actions for negligence or other claims and administrative proceedings arising in the ordinary course of business, some of which are expected to be covered by liability insurance and all of which collectively are not expected to have a material adverse effect on our liquidity, results of operations or our financial condition.
Item 1A. Risk Factors.
There have been no material changes from the risk factors disclosed in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2025.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Issuer Purchases of Equity Securities
Common Shares
PeriodTotal Number of Shares PurchasedAverage Price Paid Per ShareTotal Number of Shares Purchased as Part of Publicly Announced Plans or Programs
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (1)
(in millions)
January 1, 2026 - January 31, 2026
83,631 $11.32 — $— 
February 1, 2026 - February 28, 2026
2,862 $12.32 — $— 
March 1, 2026 - March 31, 2026
405,821 $12.12 405,821 $— 
Total492,314 $11.98 405,821 $145.1 
______________________
(1)     On October 21, 2025, our Board of Trustees authorized a common share repurchase program of up to $150.0 million of common shares.Under this program, we may repurchase common shares from time to time in transactions on the open market or by private agreement. We may suspend or discontinue this program at any time. As of March 31, 2026, $145.1 million of common shares remained available for repurchase under this program.
Preferred Shares
PeriodTotal Number of Shares PurchasedAverage Price Paid Per ShareTotal Number of Shares Purchased as Part of Publicly Announced Plans or Programs
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (1)
(in millions)
January 1, 2026 - January 31, 2026
— $— — $— 
February 1, 2026 - February 28, 2026
— $— — $— 
March 1, 2026 - March 31, 2026
— $— — $— 
Total— $— — $74.1 
______________________
(1)     On February 17, 2023, our Board of Trustees authorized a share repurchase program of up to $100.0 million of our outstanding preferred shares. Under this program, we may repurchase up to an aggregate of $100.0 million of our 6.375% Series E Cumulative Redeemable Preferred Shares, 6.30% Series F Cumulative Redeemable Preferred Shares, 6.375% Series G Cumulative Redeemable Preferred Shares and 5.70% Series H Cumulative Redeemable Preferred Shares from time to time in transactions on the open market or by private agreement. We may suspend or discontinue this program at any time. As of March 31, 2026, $74.1 million of preferred shares remained available for repurchase under this program.
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosures.
Not applicable.
32

Item 5. Other Information.
During the three months ended March 31, 2026, none of our officers or trustees adopted or terminated any contract, instruction or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any "non-Rule 10b5-1 trading arrangement."
33

Item 6. Exhibits.
Exhibit
Number
Description of Exhibit
Declaration of Trust of Pebblebrook Hotel Trust, as amended and supplemented through July 23, 2021 (incorporated by reference to Exhibit 3.1 to Pebblebrook Hotel Trust's Quarterly Report on Form 10-Q filed with the SEC on July 29, 2021 (File No. 001-34571)).
Bylaws of Pebblebrook Hotel Trust, as amended and restated on February 17, 2023 (incorporated by reference to Exhibit 3.1 to Pebblebrook Hotel Trust's Current Report on Form 8-K filed with the SEC on February 24, 2023 (File No. 001-34571)).
Second Amended and Restated Agreement of Limited Partnership of Pebblebrook Hotel, L.P., dated as of December 13, 2013 (incorporated by reference to Exhibit 3.1 to Pebblebrook Hotel Trust's Current Report on Form 8-K filed with the SEC on December 17, 2013 (File No. 001-34571)).
Third Amendment to the Second Amended and Restated Agreement of Limited Partnership of Pebblebrook Hotel, L.P., dated as of November 30, 2018 (incorporated by reference to Exhibit 3.3 to Pebblebrook Hotel Trust's Current Report on Form 8‑K filed with the SEC on December 3, 2018 (File No. 001‑34571)).
Fourth Amendment to the Second Amended and Restated Agreement of Limited Partnership of Pebblebrook Hotel, L.P., dated as of May 12, 2021 (incorporated by reference to Exhibit 3.2 to Pebblebrook Hotel Trust's Current Report on Form 8‑K filed with the SEC on May 12, 2021 (File No. 001‑34571)).
Fifth Amendment to the Second Amended and Restated Agreement of Limited Partnership of Pebblebrook Hotel, L.P., dated as of July 23, 2021 (incorporated by reference to Exhibit 3.2 to Pebblebrook Hotel Trust's Current Report on Form 8-K filed with the SEC on July 27, 2021 (File No. 001-34571)).
Sixth Amendment to the Second Amended and Restated Agreement of Limited Partnership of Pebblebrook Hotel., L.P., dated as of May 11, 2022 (incorporated by reference to Exhibit 3.1 to Pebblebrook Hotel Trust's Current Report on Form 8-K filed with the SEC on May 12, 2022 (File No. 001-34571)).
Indenture, dated December 15, 2020, between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (incorporated by reference to Exhibit 4.1 to Pebblebrook Hotel Trust's Current Report on Form 8-K filed with the SEC on December 16, 2020 (File No. 001-34571)).
Second Supplemental Indenture, dated September 18, 2025, between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (incorporated by reference to Exhibit 4.1 to Pebblebrook Hotel Trust's Current Report on Form 8-K filed with the SEC on September 22, 2025 (File No. 001-34571)).
Form of 1.625% Convertible Senior Notes Due 2030 (attached as Exhibit A to the Second Supplemental Indenture incorporated by reference to Exhibit 4.1 to Pebblebrook Hotel Trust's Current Report on Form 8-K filed with the SEC on September 22, 2025 (File No. 001-34571)).
Indenture, dated October 3, 2024, among Pebblebrook Hotel, L.P., PEB Finance Corp., Pebblebrook Hotel Trust, the subsidiary guarantors party thereto and UMB Bank, National Association, as trustee (incorporated by reference to Exhibit 4.1 to Pebblebrook Hotel Trust's Current Report on Form 8-K filed with the SEC on October 3, 2024 (File No. 001-34571)).
Form of 6.375% Senior Notes due 2029 (attached as Exhibit A to the Indenture incorporated by reference to Exhibit 4.1 to Pebblebrook Hotel Trust's Current Report on Form 8-K filed with the SEC on October 3, 2024 (File No. 001-34571)).
Fourth Amendment to Fifth Amended and Restated Credit Agreement, dated as of February 11, 2026, among Pebblebrook Hotel, L.P., as the borrower, Pebblebrook Hotel Trust, as the parent REIT and a guarantor, certain subsidiaries of the borrower, as guarantors, Bank of America, N.A., as administrative agent and L/C issuer, and the other lenders party thereto (incorporated by reference to Exhibit 10.1 to Pebblebrook Hotel Trust's Current Report on Form 8-K filed with the SEC on February 13, 2026 (File No. 001‑34571)).
Certification of Chief Executive Officer pursuant to Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
Certification of Chief Financial Officer pursuant to Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS
XBRL Instance Document - The instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.(1)
101.SCH
Inline XBRL Taxonomy Extension Schema Document(1)
101.CAL
Inline XBRL Taxonomy Extension Calculation Linkbase Document(1)
101.LAB
Inline XBRL Taxonomy Extension Label Linkbase Document(1)
101.DEF
Inline XBRL Taxonomy Extension Definition Linkbase Document(1)
101.PRE
Inline XBRL Taxonomy Extension Presentation Linkbase Document(1)
104
Cover Page Interactive Date File (embedded within the Inline XBRL document)(1)
Filed herewith.
††Furnished herewith.
'(1)
Submitted electronically herewith. Attached as Exhibit 101 to this report are the following documents formatted in XBRL (eXtensible Business Reporting Language): (i) Consolidated Balance Sheets; (ii) Consolidated Statements of Operations and Comprehensive Income; (iii) Consolidated Statements of Equity; (iv) Consolidated Statements of Cash Flows; (v) Notes to Consolidated Financial Statements; and (vi) Cover Page (in connection with Exhibit 104).
34

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
PEBBLEBROOK HOTEL TRUST
Date:April 28, 2026
/s/ JON E. BORTZ
Jon E. Bortz
Chief Executive Officer and Chairman of the Board
35
EX-31.1 2 a10qq1-2026ex311.htm EX-31.1 Document

Exhibit 31.1
Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
I, Jon E. Bortz, certify that:
1.I have reviewed this Quarterly Report on Form 10-Q of Pebblebrook Hotel Trust;
2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a.Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b.Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c.Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d.Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of trustees (or persons performing the equivalent functions):
a.All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b.Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:April 28, 2026
/s/ JON E. BORTZ
Jon E. Bortz
Chief Executive Officer and Chairman of the Board
(principal executive officer)

EX-31.2 3 a10qq1-2026ex312.htm EX-31.2 Document

Exhibit 31.2
Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
I, Raymond D. Martz, certify that:
1.I have reviewed this Quarterly Report on Form 10-Q of Pebblebrook Hotel Trust;
2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a.Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b.Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c.Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d.Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of trustees (or persons performing the equivalent functions):
a.All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b.Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.


Date:April 28, 2026
/s/ RAYMOND D. MARTZ
Raymond D. Martz
Co-President, Chief Financial Officer, Treasurer and Secretary (principal financial officer and principal accounting officer)

EX-32.1 4 a10qq1-2026ex321.htm EX-32.1 Document

Exhibit 32.1
Certification Pursuant To
18 U.S.C. Section 1350,
as Adopted Pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002
In connection with the Quarterly Report of Pebblebrook Hotel Trust (the “Company”) on Form 10-Q for the period ended March 31, 2026 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Jon E. Bortz, Chairman of the Board and Chief Executive Officer, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:
(1)the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
(2)the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date:April 28, 2026
/s/ JON E. BORTZ
Jon E. Bortz
Chief Executive Officer and Chairman of the Board
(principal executive officer)

EX-32.2 5 a10qq1-2026ex322.htm EX-32.2 Document

Exhibit 32.2
Certification Pursuant To
18 U.S.C. Section 1350,
as Adopted Pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002
In connection with the Quarterly Report of Pebblebrook Hotel Trust (the “Company”) on Form 10-Q for the period ended March 31, 2026 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Raymond D. Martz, Co-President, Chief Financial Officer, Treasurer and Secretary, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:
(1)the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
(2)the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date:April 28, 2026
/s/ RAYMOND D. MARTZ
Raymond D. Martz
Co-President, Chief Financial Officer, Treasurer and Secretary (principal financial officer and principal accounting officer)

EX-101.SCH 6 peb-20260331.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 0000001 - Document - Cover Page link:presentationLink link:calculationLink link:definitionLink 9952151 - Statement - Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 9952152 - Statement - Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 9952153 - Statement - Consolidated Statements of Operations and Comprehensive Income link:presentationLink link:calculationLink link:definitionLink 9952154 - Statement - Consolidated Statements of Operations and Comprehensive Income - Continued link:presentationLink link:calculationLink link:definitionLink 9952155 - Statement - Consolidated Statements of Equity link:presentationLink link:calculationLink link:definitionLink 9952156 - Statement - Consolidated Statements of Cash Flows link:presentationLink link:calculationLink link:definitionLink 9952157 - Disclosure - Organization link:presentationLink link:calculationLink link:definitionLink 9952158 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 9952159 - Disclosure - Acquisition and Disposition of Hotel Properties link:presentationLink link:calculationLink link:definitionLink 9952160 - Disclosure - Investment in Hotel Properties link:presentationLink link:calculationLink link:definitionLink 9952161 - Disclosure - Debt link:presentationLink link:calculationLink link:definitionLink 9952162 - Disclosure - Revenue link:presentationLink link:calculationLink link:definitionLink 9952163 - Disclosure - Equity link:presentationLink link:calculationLink link:definitionLink 9952164 - Disclosure - Share-Based Compensation Plan link:presentationLink link:calculationLink link:definitionLink 9952165 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 9952166 - Disclosure - Earnings (Loss) Per Share link:presentationLink link:calculationLink link:definitionLink 9952167 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 9952168 - Disclosure - Supplemental Information to Statements of Cash Flows link:presentationLink link:calculationLink link:definitionLink 9952169 - Disclosure - Operating Segment Information link:presentationLink link:calculationLink link:definitionLink 9955511 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 9955512 - Disclosure - Acquisition and Disposition of Hotel Properties (Tables) link:presentationLink link:calculationLink link:definitionLink 9955513 - Disclosure - Investment in Hotel Properties (Tables) link:presentationLink link:calculationLink link:definitionLink 9955514 - Disclosure - Debt (Tables) link:presentationLink link:calculationLink link:definitionLink 9955515 - Disclosure - Revenue (Tables) link:presentationLink link:calculationLink link:definitionLink 9955516 - Disclosure - Equity (Tables) link:presentationLink link:calculationLink link:definitionLink 9955517 - Disclosure - Share-Based Compensation Plan (Tables) link:presentationLink link:calculationLink link:definitionLink 9955518 - Disclosure - Earnings (Loss) Per Share (Tables) link:presentationLink link:calculationLink link:definitionLink 9955519 - Disclosure - Commitments and Contingencies (Tables) link:presentationLink link:calculationLink link:definitionLink 9955520 - Disclosure - Supplemental Information to Statements of Cash Flows (Tables) link:presentationLink link:calculationLink link:definitionLink 9955521 - Disclosure - Operating Segment Information (Tables) link:presentationLink link:calculationLink link:definitionLink 9955522 - Disclosure - Organization (Details) link:presentationLink link:calculationLink link:definitionLink 9955523 - Disclosure - Acquisition and Disposition of Hotel Properties (Details) link:presentationLink link:calculationLink link:definitionLink 9955524 - Disclosure - Acquisition and Disposition of Hotel Properties - Disposition of Hotel Properties (Details) link:presentationLink link:calculationLink link:definitionLink 9955525 - Disclosure - Investment in Hotel Properties - Schedule of Investment in Hotel Properties (Details) link:presentationLink link:calculationLink link:definitionLink 9955526 - Disclosure - Investment in Hotel Properties - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 9955527 - Disclosure - Debt - Schedule of Components of Debt (Details) link:presentationLink link:calculationLink link:definitionLink 9955528 - Disclosure - Debt - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 9955529 - Disclosure - Debt - Schedule of Components of Interest Expense (Details) link:presentationLink link:calculationLink link:definitionLink 9955530 - Disclosure - Debt - Future Minimum Principal Payments for Debt (Details) link:presentationLink link:calculationLink link:definitionLink 9955531 - Disclosure - Debt - Schedule of Interest Rate Swaps (Details) link:presentationLink link:calculationLink link:definitionLink 9955532 - Disclosure - Revenue - Revenue By Geographic Location (Details) link:presentationLink link:calculationLink link:definitionLink 9955533 - Disclosure - Revenue - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 9955533 - Disclosure - Revenue - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 9955534 - Disclosure - Equity - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 9955535 - Disclosure - Equity - Schedule of Common Dividends (Details) link:presentationLink link:calculationLink link:definitionLink 9955536 - Disclosure - Equity - Schedule of Preferred Stock Outstanding and Dividends (Details) link:presentationLink link:calculationLink link:definitionLink 9955537 - Disclosure - Share-Based Compensation Plan - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 9955538 - Disclosure - Share-Based Compensation Plan - Schedule of Service Condition Restricted Share Activity (Details) link:presentationLink link:calculationLink link:definitionLink 9955539 - Disclosure - Earnings (Loss) Per Share - Schedule of Reconciliation of Basic and Diluted EPS (Details) link:presentationLink link:calculationLink link:definitionLink 9955540 - Disclosure - Earnings (Loss) Per Share - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 9955541 - Disclosure - Commitments and Contingencies - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 9955542 - Disclosure - Commitments and Contingencies - Schedule of Hotel Subject to Leases (Details) link:presentationLink link:calculationLink link:definitionLink 9955543 - Disclosure - Commitments and Contingencies - Schedule of Components of Ground Leases (Details) link:presentationLink link:calculationLink link:definitionLink 9955544 - Disclosure - Supplemental Information to Statements of Cash Flows (Details) link:presentationLink link:calculationLink link:definitionLink 9955545 - Disclosure - Operating Segment Information (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 7 peb-20260331_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 8 peb-20260331_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 9 peb-20260331_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Summary of Significant Accounting Policies Significant Accounting Policies [Text Block] Hotel Hotel [Member] Statistical Measurement [Domain] Statistical Measurement [Domain] Award Timing Predetermined Award Timing Predetermined [Flag] Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis] Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis] Capped call transaction, upper strike price (in usd per share) Debt Instrument, Capped Call Transaction, Upper Strike Price Debt Instrument, Capped Call Transaction, Upper Strike Price Real Estate [Domain] Real Estate [Domain] Entity File Number Entity File Number Additional Paid-In Capital Additional Paid-in Capital [Member] Interest Rate Swaps Interest Rate Swap [Member] Payment of deferred financing costs Payments of Financing Costs Tabular List, Table Tabular List [Table Text Block] Schedule of Dividends Declared Dividends Declared [Table Text Block] New Accounting Pronouncements New Accounting Pronouncements, Policy [Policy Text Block] SOFR Secured Overnight Financing Rate (SOFR) [Member] Schedule of Hotel Properties Sold Disposal Groups, Including Discontinued Operations [Table Text Block] Southern Florida/Georgia Southern Florida And Georgia [Member] Southern Florida [Member] Extension term Debt Instrument, Extension Term Debt Instrument, Extension Term Trading Arrangements, by Individual Trading Arrangements, by Individual [Table] Net income (loss) per share available to common shareholders, basic (in usd per share) Net income (loss) per share available to common shareholders — basic (in usd per share) Earnings Per Share, Basic Adjustment to Compensation: Adjustment to Compensation [Axis] Named Executive Officers, Footnote Named Executive Officers, Footnote [Text Block] Accounts payable and accrued expenses Increase (Decrease) in Accounts Payable and Accrued Liabilities Dividend per share/unit (in usd per share) Preferred Stock, Dividends Per Share, Declared Revenue Revenue from Contract with Customer [Text Block] Distributions — preferred shares/units Payments of Ordinary Dividends, Preferred Stock and Preference Stock Other Other [Member] Other [Member] Disaggregated revenues by geographic location classified as other Schedule of Stock by Class [Table] Stock, Class of Stock [Table] Schedule of Segment Reporting Information, by Segment Schedule of Segment Reporting Information, by Segment [Table Text Block] Term Loan 2027 Term Loan 2027 [Member] Term Loan 2027 Share-based compensation (in shares) Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures The Westin Michigan Avenue Chicago The Westin Michigan Avenue Chicago [Member] The Westin Michigan Avenue Chicago [Member] Long-Term Incentive Partnership ("LTIP") Units Long Term Incentive Partnership Units [Member] Long term incentive partnership units. Adjustment to Compensation, Amount Adjustment to Compensation Amount Share-based compensation Share-Based Payment Arrangement, Noncash Expense Investment in hotel properties, before right-of-use asset, operating leases Real Estate Investment Property. Excluding Operating Lease, Right Of Use Asset, At Cost Real Estate Investment Property. Excluding Operating Lease, Right Of Use Asset, At Cost Risks and Uncertainties Risks and Uncertainties, Policy [Policy Text Block] Risks and Uncertainties, Policy Employee Stock Option Share-Based Payment Arrangement, Option [Member] Award Timing MNPI Disclosure Award Timing MNPI Disclosure [Text Block] Number of properties acquired Number Of Acquired Properties Number Of Acquired Properties Antidilutive Securities [Axis] Antidilutive Securities [Axis] Total shareholders' equity Equity, Attributable to Parent Other comprehensive income (loss): Other comprehensive income (loss): Other Comprehensive Income (Loss), Net of Tax [Abstract] Insider Trading Policies and Procedures [Line Items] Compensation expense Share-Based Payment Arrangement, Expense Common shares of beneficial interest, authorized (in shares) Common Stock, Shares Authorized Hedging Designation [Domain] Hedging Designation [Domain] Net income (loss) available to common stockholders - diluted Net Income Loss Available To Common Stockholders, Less Dividends, Diluted Net Income Loss Available To Common Stockholders, Less Dividends, Diluted Total liabilities and equity Liabilities and Equity Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] Noncontrolling Interest [Line Items] Noncontrolling Interest [Line Items] Renewal term Lessee, Operating And Finance Lease, Renewal Term Lessee, Operating And Finance Lease, Renewal Term LIABILITIES AND EQUITY Liabilities and Equity [Abstract] Cover [Abstract] Cover [Abstract] Maximum Maximum [Member] Interest Rate Swap Due March 2028 Interest Rate Swap Due March 2028 [Member] Interest Rate Swap Due March 2028 Net income (loss) attributable to non-controlling interests Net Income (Loss) Attributable to Noncontrolling Interest Accounting Policies [Abstract] Accounting Policies [Abstract] Service Condition Share Awards Restricted Stock [Member] Non-PEO NEO Average Total Compensation Amount Non-PEO NEO Average Total Compensation Amount Debt Instrument [Line Items] Debt Instrument [Line Items] Number Of Reportable Segments Not Disclosed Flag Number Of Reportable Segments Not Disclosed Flag Number Of Reportable Segments Not Disclosed Flag Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table] Schedule of Share-Based Compensation Arrangements by Share-Based Payment Award [Table] Schedule of Service Condition Restricted Share Activity Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block] Non Cash Investing and Financing Information [Line Items] Dividends Payable [Line Items] Adjustment to Non-PEO NEO Compensation Footnote Adjustment to Non-PEO NEO Compensation Footnote [Text Block] Pay vs Performance Disclosure [Line Items] Room Occupancy [Member] Lease liabilities - operating leases Operating Lease, Liability Forgone Recovery due to Disqualification of Tax Benefits, Amount Forgone Recovery due to Disqualification of Tax Benefits, Amount Preferred stock, liquidation preference (in usd per share) Preferred Stock, Liquidation Preference Per Share Non-Rule 10b5-1 Arrangement Terminated Non-Rule 10b5-1 Arrangement Terminated [Flag] Income (loss) before income taxes Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest Entity Shell Company Entity Shell Company Schedule of Long-term Debt Instruments [Table] Schedule of Long-Term Debt Instruments [Table] Statement of Stockholders' Equity [Abstract] Statement of Stockholders' Equity [Abstract] Operating Segments Operating Segments [Member] Sale Price Sale Of Real Estate Held For Investment, Sales Price Sale Of Real Estate Held For Investment, Sales Price Term Loan 2029 Term Loan 2029 [Member] Term Loan 2029 Schedule of Supplemental Information to Statements of Cash Flows Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] Change in fair value of derivative instruments Change in fair value of derivative instruments Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax Statement of Cash Flows [Abstract] Statement of Cash Flows [Abstract] Company Selected Measure Amount Company Selected Measure Amount Comprehensive income (loss) attributable to non-controlling interests Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest Award Timing MNPI Considered Award Timing MNPI Considered [Flag] Line of Credit Facility [Table] Line of Credit Facility [Table] Margaritaville Hollywood Beach Resort Margaritaville Hollywood Beach Resort [Member] Margaritaville Hollywood Beach Resort Comprehensive income (loss) attributable to the Company Comprehensive Income (Loss), Net of Tax, Attributable to Parent Name Measure Name Interest Rate Swap - October 2027 Interest Rate Swap Due October 2027 [Member] Interest Rate Swap Due October 2027 Letters of Credit Letter of Credit [Member] Unsecured term loans Unsecured term loans Term Loan [Member] Term Loan [Member] Hotel management fee Management Fee Expense Class of Stock [Line Items] Class of Stock [Line Items] Document Fiscal Period Focus Document Fiscal Period Focus Interest Rate Swap Due November 2027 Interest Rate Swap Due November 2027 [Member] Interest Rate Swap Due November 2027 Unsecured term loans Unsecured Debt [Member] Award Timing Method Award Timing Method [Text Block] Thereafter Long-Term Debt, Maturity, after Year Four Long-Term Debt, Maturity, after Year Four Award Type [Axis] Award Type [Axis] Hedging Relationship [Domain] Hedging Relationship [Domain] Debt, net Debt, net Long-Term Debt Hotel EBITDA Earnings Before Interest Tax Depreciation And Amortization Earnings Before Interest Tax Depreciation And Amortization Legal Entity [Axis] Legal Entity [Axis] Total assets Assets Trading Symbol Trading Symbol Vested (in usd per share) Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value Geographical [Domain] Geographical [Domain] Management Agreements [Line Items] Management Agreements [Line Items] Management agreements. Entity Address, City or Town Entity Address, City or Town Operating activities: Cash Provided by (Used in) Operating Activity, Including Discontinued Operation [Abstract] Estancia La Jolla Hotel & Spa Estancia La Jolla Hotel & Spa [Member] Estancia La Jolla Hotel & Spa Other segment items Segment Reporting, Other Segment Item, Amount Investment in hotel properties Real Estate Investment Property, at Cost Non-PEO NEO Average Compensation Actually Paid Amount Non-PEO NEO Average Compensation Actually Paid Amount Compensation Actually Paid vs. Other Measure Compensation Actually Paid vs. Other Measure [Text Block] Write-down of investment Write-down Of Investment Write-down Of Investment Entity Emerging Growth Company Entity Emerging Growth Company 2029 Long-Term Debt, Maturity, Year Three Dividend (in usd per share) Common Stock, Dividends, Per Share, Declared Entity Common Stock, Shares Outstanding Entity Common Stock, Shares Outstanding Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member] Restricted cash Restricted Cash and Cash Equivalent Insider Trading Policies and Procedures Not Adopted Insider Trading Policies and Procedures Not Adopted [Text Block] Termination fees range Combined Base And Incentive Management Fees Multiplier Combined Base And Incentive Management Fees Multiplier Common shares of beneficial interest, outstanding (in shares) Operating partnership units outstanding (in shares) Common Stock, Shares, Outstanding Portland, OR Portland, Oregon [Member] Portland, Oregon [Member] PEO PEO [Member] Convertible Notes 2026 Senior Notes 2026 [Member] Senior Notes 2026 Changes in assets and liabilities: Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital [Abstract] Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year [Member] Distributions and retained deficit Retained Earnings [Member] Accounts payable, accrued expenses and other liabilities Accounts Payable and Accrued Liabilities Shares Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] Interest rate Debt Instrument, Interest Rate, Effective Percentage Entity Address, Postal Zip Code Entity Address, Postal Zip Code Restatement Determination Date Restatement Determination Date Share-based Payment Arrangement [Abstract] Share-Based Payment Arrangement [Abstract] Cash and cash equivalents and restricted cash, beginning of year Cash and cash equivalents and restricted cash, end of period Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation Income Statement [Abstract] Income Statement [Abstract] Income tax (expense) benefit Income tax (expense) benefit Income Tax Expense (Benefit) Basis spread on variable rate Debt Instrument, Basis Spread on Variable Rate Senior Unsecured Revolving Credit Facility Due October 2028 Senior Unsecured Revolving Credit Facility Due October 2028 [Member] Senior Unsecured Revolving Credit Facility Due October 2028 Document Information [Line Items] Document Information [Line Items] Preferred shares of beneficial interest, issued (in shares) Preferred Stock, Shares Issued Pension Adjustments Service Cost Pension Adjustments Service Cost [Member] Designated as Hedging Instrument Designated as Hedging Instrument [Member] Product and Service [Domain] Product and Service [Domain] Hedging Relationship [Axis] Hedging Relationship [Axis] Term of extension option Lease Extension Option Lease Extension Option Management Agreements [Table] Management Agreements [Table] Management agreements. Interest expense, debt Interest Expense, Debt, Excluding Amortization Total Shareholders' Equity Parent [Member] Net income (loss) Net income (loss) Net income (loss) Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Restatement does not require Recovery Restatement Does Not Require Recovery [Text Block] Real estate taxes, personal property taxes, property insurance, and ground rent Hotel real estate taxes, personal property taxes, property insurance and ground rent Real Estate Taxes, Personal Property Taxes, Property Insurance, And Ground Rent Real Estate Taxes, Personal Property Taxes, Property Insurance, And Ground Rent Business Combination, Consideration Transferred, Equity Interest, Type [Axis] Business Combination, Consideration Transferred, Equity Interest, Type [Axis] Notional value Derivative, Notional Amount Organization, Consolidation and Presentation of Financial Statements [Abstract] Organization, Consolidation and Presentation of Financial Statements [Abstract] Series H Cumulative Redeemable Preferred Shares, $0.01 par value Series H Preferred Stock Series H Preferred Stock [Member] Compensation Actually Paid vs. Company Selected Measure Compensation Actually Paid vs. Company Selected Measure [Text Block] Base management fee from hotel revenues Base Management Fees As Percentage Of Hotel Revenues Base management fees as percentage of hotel revenues. City Area Code City Area Code Acquisition and Disposition of Hotel Properties Mergers, Acquisitions and Dispositions Disclosures [Text Block] Award Timing, How MNPI Considered Award Timing, How MNPI Considered [Text Block] All Trading Arrangements All Trading Arrangements [Member] Equity Awards Adjustments, Footnote Equity Awards Adjustments, Footnote [Text Block] Total Shareholder Return Vs Peer Group Total Shareholder Return Vs Peer Group [Text Block] Redemption price percentage Debt Instrument, Redemption Price, Percentage Mortgage loans Mortgage loans Mortgages [Member] Distributions to preferred shareholders Preferred Stock Dividends, Income Statement Impact Unvested beginning balance (in shares) Unvested ending balance (in shares) Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number Commitments and Contingencies Disclosure [Abstract] Commitments and Contingencies Disclosure [Abstract] Board of Trustees Compensation Board Of Trustees [Member] Board Of Trustees [Member] Investing activities: Cash Provided by (Used in) Investing Activity, Including Discontinued Operation [Abstract] General and administrative General and Administrative Expense Pay vs Performance Disclosure Pay vs Performance Disclosure [Table] Net cash provided by (used in) operating activities Cash Provided by (Used in) Operating Activity, Including Discontinued Operation Property insurance proceeds Proceeds from Insurance Settlement, Investing Activities Convertible Notes 2030 Senior Notes 2030 [Member] Senior Notes 2030 Preferred shares of beneficial interest, par value (in usd per share) Preferred Stock, Par or Stated Value Per Share Total ground rent Lease, Cost Cash Flow Hedging Cash Flow Hedging [Member] Equity Valuation Assumption Difference, Footnote Equity Valuation Assumption Difference, Footnote [Text Block] Schedule of Components of Ground Rent Expense Lease, Cost [Table Text Block] PEO Total Compensation Amount PEO Total Compensation Amount Long-term Debt, Type [Axis] Long-Term Debt, Type [Axis] Derivative instruments, liability position, fair value Derivative Liability, Subject to Master Netting Arrangement, before Offset Equity Components [Axis] Equity Components [Axis] Real Estate Properties [Line Items] Real Estate Properties [Line Items] Convertible senior notes Convertible senior notes Convertible Debt [Member] Non-Rule 10b5-1 Arrangement Adopted Non-Rule 10b5-1 Arrangement Adopted [Flag] October 2025 Share Repurchase Program October 2025 Share Repurchase Program [Member] October 2025 Share Repurchase Program Revenue from External Customer [Line Items] Revenue from External Customer [Line Items] Other Performance Measure, Amount Other Performance Measure, Amount Maximum borrowing capacity potential increase (up to) Line Of Credit Facility, Credit Agreement, Accordion Feature Line Of Credit Facility, Credit Agreement, Accordion Feature Entity Address, State or Province Entity Address, State or Province Delayed Draw Term Loan (DDTL) Delayed Draw Term Loan (DDTL) [Member] Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table] Antidilutive Security, Excluded EPS Calculation [Table] Distributions on common shares/units Dividends, Common Stock Number of properties sold during period Number Of Properties Disposed Of Number Of Properties Disposed Of Derivative Instrument [Axis] Derivative Instrument [Axis] Individual: Individual [Axis] Reconciliation of basic and diluted earnings per common share Earnings Per Share Reconciliation [Abstract] Distributions — common shares/units Payments of Ordinary Dividends, Common Stock Entities [Table] Entities [Table] Entity [Domain] Entity [Domain] Net cash provided by (used in) investing activities Cash Provided by (Used in) Investing Activity, Including Discontinued Operation Expected timing of satisfaction, period Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table [Member] Debt instrument, number of instruments Debt Instrument, Number Of Instruments Debt Instrument, Number Of Instruments Interest paid, net of capitalized interest Interest Paid, Excluding Capitalized Interest, Operating Activity Document Fiscal Year Focus Document Fiscal Year Focus Basis of Presentation and Principles of Consolidation Basis of Accounting, Policy [Policy Text Block] Number of extension options Lessee, Operating Lease, Number Of Renewal Options Lessee, Operating Lease, Number Of Renewal Options Performance target percentage Share-Based Compensation Arrangement by Share-Based Payment Award, Performance Target, Percentage Share-Based Compensation Arrangement by Share-Based Payment Award, Performance Target, Percentage Right-of-use asset, operating leases Operating Lease, Right-of-Use Asset Forgone Recovery, Explanation of Impracticability Forgone Recovery, Explanation of Impracticability [Text Block] Percentage of operating partnership units owned by other limited partners Subsidiary, Ownership Percentage, Noncontrolling Owner Repayments of debt Repayments of long term debt Repayments of Long-Term Debt Entity Interactive Data Current Entity Interactive Data Current Election period, prior to maturity date Debt Instrument, Election Period, Prior To Maturity Date Debt Instrument, Election Period, Prior To Maturity Date Real Estate [Abstract] Real Estate [Abstract] Equity [Abstract] Equity [Abstract] Interest Rate Swap - May 2028 Interest Rate Swap Due May 2028 [Member] Interest Rate Swap Due October 2028 Other Interest Expense (Income), Debt, Other Interest Expense (Income), Debt, Other Operating Segment Information Segment Reporting Disclosure [Text Block] Increase (Decrease) in Stockholders' Equity [Roll Forward] Increase (Decrease) in Stockholders' Equity [Roll Forward] Awards vested (in shares) Share-Based Compensation Arrangement By Share-Based Payment Award, Equity, Instruments Other Than Options , Vested, Outstanding, Number Share-Based Compensation Arrangement By Share-Based Payment Award, Equity, Instruments Other Than Options , Vested, Outstanding, Number Ownership [Domain] Ownership [Domain] Compensation Actually Paid vs. Total Shareholder Return Compensation Actually Paid vs. Total Shareholder Return [Text Block] Repurchase of common shares Repurchase of common shares Stock Repurchased During Period, Value Improvements and additions to hotel properties Payments for Capital Improvements Convertible debt, conversion ratio Debt Instrument, Convertible, Conversion Ratio Entity Central Index Key Entity Central Index Key PEO Name PEO Name Hotel operating expenses: Cost of Product and Service Sold [Abstract] Common unit redemption rights, redemption option, common share conversion basis Common Unit Redemption Rights, Redemption Option, Common Share Conversion Basis Common Unit Redemption Rights, Redemption Option, Common Share Conversion Basis Convertible debt, conversion price (in usd per share) Debt Instrument, Convertible, Conversion Price Schedule of Future Minimum Principal Payments Schedule of Maturities of Long-Term Debt [Table Text Block] Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year [Member] Supplemental Cash Flow Elements [Abstract] Supplemental Cash Flow Elements [Abstract] Outstanding Aggregate Erroneous Compensation Amount Outstanding Aggregate Erroneous Compensation Amount Unsecured revolving credit facilities Unsecured revolving credit facilities Revolving Credit Facility [Member] Write-off of fully amortized deferred financing costs Deferred Debt Issuance Cost, Writeoff Comprehensive Income: Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] Lease liabilities - financing leases Finance Lease, Liability Arrangement Duration Trading Arrangement Duration Schedule of Segment Reporting Information, by Segment [Table] Schedule of Segment Reporting Information, by Segment [Table] Unamortized debt premium and deferred financing costs, net Debt Instrument, Unamortized Discount (Premium), Net And Deferred Financing Costs, Net Debt Instrument, Unamortized Discount (Premium), Net And Deferred Financing Costs, Net Segments [Axis] Segments [Axis] Prepaid expenses and other assets Increase (Decrease) in Prepaid Expense and Other Assets Exercise Price Award Exercise Price Entity Filer Category Entity Filer Category Local Phone Number Local Phone Number Class of Stock [Domain] Class of Stock [Domain] Additional 402(v) Disclosure Additional 402(v) Disclosure [Text Block] Non-cash ground rent Operating Lease, Ground Rent Operating Lease, Ground Rent Other investing activities Payment for (Proceeds from) Other Investing Activity Share-Based Compensation Plan Share-Based Payment Arrangement [Text Block] Series F Cumulative Redeemable Preferred Shares, $0.01 par value Series F Preferred Stock 6.30% Series F Series F Preferred Stock [Member] ASSETS Assets [Abstract] Credit Facility [Axis] Credit Facility [Axis] Underlying Security Market Price Change Underlying Security Market Price Change, Percent Debt Instrument [Axis] Debt Instrument [Axis] Credit Facility [Domain] Credit Facility [Domain] Buildings and improvements Investment Building and Building Improvements Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year [Member] Entity Address, Address Line One Entity Address, Address Line One Entity Address, Address Line Two Entity Address, Address Line Two Expected reclassifications in next 12 months Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net Accumulated Other Comprehensive Income (Loss) AOCI Attributable to Parent [Member] Interest rate Stated interest rate Debt Instrument, Interest Rate, Stated Percentage Issuance of shares/units Stock Issued Number of vote per share Common Stock Voting Rights, Number Of Votes For Each Share Common Stock Voting Rights, Number Of Votes For Each Share Schedule of Investment in Hotel Properties Schedule of Real Estate Properties [Table Text Block] Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] Ownership [Axis] Ownership [Axis] Schedule of Preferred Shares Outstanding Schedule of Stock by Class [Table Text Block] Derivative instruments, asset position, fair value Derivative Asset, Subject to Master Netting Arrangement, before Offset Land Land Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] Name of Property [Domain] Name of Property [Domain] Fair Value as of Grant Date Award Grant Date Fair Value Hotel receivables (net of allowance for doubtful accounts of $225 and $241, respectively) Accounts Receivable, after Allowance for Credit Loss Entity Registrant Name Entity Registrant Name Stock Price or TSR Estimation Method Stock Price or TSR Estimation Method [Text Block] Schedule of Debt Schedule of Long-Term Debt Instruments [Table Text Block] Derivative Instruments and Hedging Activities Disclosures [Table] Derivative Instruments and Hedging Activities Disclosures [Table] Awards granted (in shares) Granted (in shares) Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period Title of Individual [Domain] Title and Position [Domain] Total operating expenses Costs and Expenses Hotel operations and maintenance Operations And Maintenance Operations And Maintenance Document Quarterly Report Document Quarterly Report Estimated fair value of debt Long-Term Debt, Fair Value Changed Peer Group, Footnote Changed Peer Group, Footnote [Text Block] Finance lease asset Finance Lease, Right-of-Use Asset, before Accumulated Amortization Adjustment To PEO Compensation, Footnote Adjustment To PEO Compensation, Footnote [Text Block] Granted (in usd per share) Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value Finance lease, liability, statement of financial position [extensible enumeration] Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration] Title Trading Arrangement, Individual Title Peer Group Total Shareholder Return Amount Peer Group Total Shareholder Return Amount Total number of guest rooms Number of Units in Real Estate Property 2023 Share Repurchase Program February 2023 Share Repurchase Program [Member] February 2023 Share Repurchase Program Prepaid expenses and other assets Prepaid Expense and Other Assets Restatement Determination Date: Restatement Determination Date [Axis] Share-based compensation Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture Non-PEO NEO Non-PEO NEO [Member] Letters of credit outstanding Letters of Credit Outstanding, Amount Schedule of Interest Rate Swaps Schedule of Interest Rate Derivatives [Table Text Block] Other financing activities Proceeds from (Payment for) Other Financing Activity Preferred stock, dividend rate, percentage Preferred Stock, Dividend Rate, Percentage Name Trading Arrangement, Individual Name Award Type [Domain] Award Type [Domain] Non-controlling interests Equity, Attributable to Noncontrolling Interest Equity Awards Adjustments Equity Awards Adjustments [Member] Other adjustments Other Noncash Income (Expense) Pension Benefits Adjustments, Footnote Pension Benefits Adjustments, Footnote [Text Block] Operating loss from disposed properties Income (Loss) from Individually Significant Component Disposed of or Held-for-Sale, Excluding Discontinued Operations, before Income Tax Compensation Amount Outstanding Recovery Compensation Amount Debt issued Debt Instrument, Face Amount Hotel Zeppelin San Francisco Hotel Zeppelin San Francisco [Member] Hotel Zeppelin San Francisco [Member] Debt Instrument, Name [Domain] Debt Instrument, Name [Domain] Statement of Comprehensive Income [Abstract] Statement of Comprehensive Income [Abstract] Recovery of Erroneously Awarded Compensation Disclosure [Line Items] 1 Hotel San Francisco 1 Hotel San Francisco [Member] Share Repurchase Program [Axis] Share Repurchase Program [Axis] Preferred Shares Preferred Shares/Units Preferred Stock [Member] MNPI Disclosure Timed for Compensation Value MNPI Disclosure Timed for Compensation Value [Flag] Name Awards Close in Time to MNPI Disclosures, Individual Name Fair value of award on grant date (in usd per share) Unvested beginning balance (in usd per share) Unvested ending balance (in usd per share) Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value Aggregate Erroneous Compensation Not Yet Determined Aggregate Erroneous Compensation Not Yet Determined [Text Block] Revenues: Revenues [Abstract] Interest Rate Swap - October 2026 Interest Rate Swap Due October 2026 [Member] Interest Rate Swap Due October 2026 Accumulated other comprehensive income (loss) Accumulated Other Comprehensive Income (Loss), Net of Tax Hotel sales and marketing Selling and Marketing Expense 2027 Long-Term Debt, Maturity, Year One Fixed ground rent Fixed Lease, Cost Fixed Lease, Cost Segments [Domain] Segments [Domain] Performance-Based Equity Awards Performance Shares [Member] Remaining borrowing capacity Line of Credit Facility, Remaining Borrowing Capacity Aggregate Pension Adjustments Service Cost Aggregate Pension Adjustments Service Cost [Member] Amounts reclassified from other comprehensive income Amounts reclassified from other comprehensive income Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax Amortization of debt (premium), deferred financing fees and loss on debt extinguishment Amortization of Debt Issuance Costs and Discounts Minimum Minimum [Member] Operating Partnership Units Partnership Interest [Member] Company Selected Measure Name Company Selected Measure Name Unsecured senior notes Unsecured senior notes Senior Notes [Member] Debt Debt Disclosure [Text Block] Preferred shares of beneficial interest, $.01 par value (liquidation preference $676,724 at March 31, 2026 and December 31, 2025), 100,000,000 shares authorized; 27,068,962 shares issued and outstanding at March 31, 2026 and December 31, 2025 Preferred Stock, Value, Issued Aggregate Available Trading Arrangement, Securities Aggregate Available Amount Accrued interest Interest Payable Fixed Rate Debt Fixed Rate Debt [Member] Fixed Rate Debt Stock Appreciation Rights (SARs) Stock Appreciation Rights (SARs) [Member] Distribution payable Distributions payable on shares/units Dividends Payable All Executive Categories All Executive Categories [Member] Common shares of beneficial interest, $.01 par value, 500,000,000 shares authorized; 112,985,227 and 113,188,134 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively Common Stock, Value, Issued Commitments and Contingencies Commitments and Contingencies Disclosure [Text Block] Title of Individual [Axis] Title and Position [Axis] Weighted-average number of common shares, diluted (in shares) Weighted-average number of common shares — diluted (in shares) Weighted Average Number of Shares Outstanding, Diluted Commitments and contingencies (Note 11) Commitments and Contingencies Preferred shares of beneficial interest, liquidation preference value Preferred Stock, Liquidation Preference, Value Restricted and Performance Based Shares Restricted And Performance Based Shares [Member] Restricted and Performance Based Shares Non-GAAP Measure Description Non-GAAP Measure Description [Text Block] Furniture, fixtures and equipment Furniture and Fixtures, Gross Comprehensive income (loss) Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest Entity Small Business Entity Small Business Schedule of Disaggregation of Revenue Revenue from External Customers by Geographic Areas [Table Text Block] Accrued additions and improvements to hotel properties Accrued Additions And Improvements To Hotel Properties Accrued additions and improvements to hotel properties. Income Tax Disclosure [Abstract] Income Tax Disclosure [Abstract] Non-Controlling Interests Noncontrolling Interest [Member] Preferred shares of beneficial interest, outstanding (in shares) Preferred stock, outstanding (in shares) Preferred Stock, Shares Outstanding Document Transition Report Document Transition Report Hotel general and administrative Corporate and other Segment Reporting, Other Segment Item, General And Administrative Amount Segment Reporting, Other Segment Item, Hotel General And Administrative Amount Operating lease, right-of-use asset, statement of financial position [extensible enumeration] Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Washington, D.C. DISTRICT OF COLUMBIA Net income (loss) available to common shareholders - basic Net Income Loss Available To Common Stockholders, Less Dividends, Basic Net Income Loss Available To Common Stockholders, Less Dividends, Basic Noncontrolling Interest [Table] Noncontrolling Interest [Table] Underlying Securities Award Underlying Securities Amount Equity Component [Domain] Equity Component [Domain] Document Period End Date Document Period End Date PEO Actually Paid Compensation Amount PEO Actually Paid Compensation Amount Income Taxes Income Tax Disclosure [Text Block] Allowance for doubtful accounts Accounts Receivable, Allowance for Credit Loss Awards Close in Time to MNPI Disclosures, Table Awards Close in Time to MNPI Disclosures [Table Text Block] Boston, MA Boston, Massachusetts [Member] Boston, Massachusetts [Member] Revenue from Contract with Customer [Abstract] Revenue from Contract with Customer [Abstract] Hedging Designation [Axis] Hedging Designation [Axis] Total equity Beginning balance Ending balance Equity, Including Portion Attributable to Noncontrolling Interest Treasury stock acquired, average cost per share (in usd per share) Shares Acquired, Average Cost Per Share Hotel Palomar Los Angeles Beverly Hills Hotel Palomar Los Angeles Beverly Hills [Member] Hotel Palomar LA-Beverly Hills [Member] Document Type Document Type Earnings (Loss) Per Share Earnings Per Share [Text Block] Name Outstanding Recovery, Individual Name Additional paid-in capital Additional Paid in Capital Product and Service [Axis] Product and Service [Axis] Derivative Contract [Domain] Derivative Contract [Domain] Asset Acquisition [Domain] Asset Acquisition [Domain] Asset acquisition, equity interest issued or issuable (in shares) Asset Acquisition, Equity Interest Issued Or Issuable, Number Of Shares Asset Acquisition, Equity Interest Issued Or Issuable, Number Of Shares Variable ground rent Variable Lease, Cost Total revenues Revenue from Contract with Customer, Excluding Assessed Tax All Individuals All Individuals [Member] Long-term Debt, Type [Domain] Long-Term Debt, Type [Domain] Name Forgone Recovery, Individual Name Statistical Measurement [Axis] Statistical Measurement [Axis] Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member] Food and beverage Food and Beverage [Member] Share repurchase program, authorized amount Share Repurchase Program, Authorized, Amount Commitment fee percentage Line of Credit Facility, Unused Capacity, Commitment Fee Percentage Aggregate Erroneous Compensation Amount Aggregate Erroneous Compensation Amount Share cap ratio on preferred shares on conversion Convertible Preferred Stock, Maximum Shares Issuable Upon Conversion Convertible Preferred Stock, Maximum Shares Issuable Upon Conversion Peer Group Issuers, Footnote Peer Group Issuers, Footnote [Text Block] Net income (loss) attributable to common shareholders Net income (loss) attributable to common shareholders Net Income (Loss) Available to Common Stockholders, Basic Long-Term Incentive Partnership ("LTIP") Class B Units Long Term Incentive Partnership Units Class B [Member] Long Term Incentive Partnership Units Class B [Member] Term Loan 2028 Term Loan 2028 [Member] Term Loan 2028 Erroneous Compensation Analysis Erroneous Compensation Analysis [Text Block] Share Repurchase Program [Domain] Share Repurchase Program [Domain] Line of Credit Facility [Line Items] Line of Credit Facility [Line Items] Geographical [Axis] Geographical [Axis] Rule 10b5-1 Arrangement Terminated Rule 10b5-1 Arrangement Terminated [Flag] Beginning balance (in shares) Ending balance (in shares) Shares, Outstanding Preferred shares of beneficial interest, redemption price per share (in usd per share) Preferred Stock, Redemption Price Per Share Net income (loss) per share available to common shareholders, diluted (in usd per share) Net income (loss) per share available to common shareholders — diluted (in usd per share) Earnings Per Share, Diluted Terms of management agreements including renewals Remaining Terms Of Management Agreements Including Renewals Remaining Terms Of Management Agreements Including Renewals Depreciation and amortization Depreciation and amortization Depreciation and amortization Cost, Depreciation and Amortization Erroneously Awarded Compensation Recovery Erroneously Awarded Compensation Recovery [Table] Title of 12(b) Security Title of 12(b) Security Non-Cash Investing and Financing Activities: Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract] Preferred stock, redemption after change in control Preferred stock, Redemption After Change In Control Preferred stock, Redemption After Change In Control Disposal Groups, Including Discontinued Operations [Table] Disposal Groups, Including Discontinued Operations [Table] PHL unsecured credit facility PHL Unsecured Revolving Credit Facility [Member] PHL Unsecured Revolving Credit Facility [Member] Earnings Per Share [Abstract] Earnings Per Share [Abstract] Consolidation Items [Domain] Consolidation Items [Domain] Percentage of operating partnership units owned by company Subsidiary, Ownership Percentage, Parent Series Z Preferred Stock Series Z Preferred Stock [Member] Series Z Preferred Stock Schedule of Components of Interest Expense Interest Income and Interest Expense Disclosure [Table Text Block] Deferred revenues Increase (Decrease) in Contract with Customer, Liability LTIP units, outstanding (in shares) Long Term Incentive Partnership Units Outstanding Long term incentive partnership units outstanding. Combined base and incentive management fees Combined Base And Incentive Management Fee Expense (Reversal) Combined base and incentive management fees. Income taxes paid (refunded) Income Taxes Paid, Net Reportable Segment Reportable Segment [Member] Reportable Segment Inn On Fifth Inn On Fifth [Member] Inn On Fifth Award Timing Disclosures [Line Items] Montrose at Beverly Hills Montrose at Beverly Hills [Member] Montrose at Beverly Hills Total debt principal Total debt principal payments Long-Term Debt, Gross Schedule of Hotels Subject to Leases Lessee, Leases [Table Text Block] Lessee, Leases [Table Text Block] Investment in Hotel Properties Property, Plant and Equipment Disclosure [Text Block] Extension term Lessee, Operating Lease, Renewal Term Less: Dividends paid on unvested share-based compensation Dividend, Share-Based Payment Arrangement Equity Equity [Text Block] Net income (loss) attributable to the Company Net Income (Loss) Attributable to Parent Other operating Hotel, Other [Member] Expiration Date Trading Arrangement Expiration Date Investment in hotel properties, net Investment in hotel properties, net Real Estate Investment Property, Net Shareholders' equity: Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] Award vesting period Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period Segment Reporting Information [Line Items] Segment Reporting Information [Line Items] Number of extensions Debt Instrument , Number Of Extensions Debt Instrument , Number Of Extensions Preferred shares of beneficial interest, authorized (in shares) Preferred Stock, Shares Authorized Numerator: Net Income (Loss) Attributable to Parent [Abstract] Repurchases of common shares Payments for Repurchase of Common Stock Adoption Date Trading Arrangement Adoption Date Base Rate Base Rate [Member] Reclassifications Reclassification, Comparability Adjustment [Policy Text Block] Compensation Actually Paid vs. Net Income Compensation Actually Paid vs. Net Income [Text Block] Hotel receivables Increase (Decrease) in Accounts Receivable Entity Current Reporting Status Entity Current Reporting Status Classes of LTIP units Classes Of LTIP Units Classes Of LTIP Units Awards Close in Time to MNPI Disclosures Awards Close in Time to MNPI Disclosures [Table] Revenue from External Customers by Products and Services [Table] Segment Reporting, Revenue from External Customer, Product and Service [Table] Operating income (loss) Operating Income (Loss) Distributions and retained deficit Retained Earnings (Accumulated Deficit) Name of Property [Axis] Name of Property [Axis] Statement of Financial Position [Abstract] Statement of Financial Position [Abstract] Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member] Executive Category: Executive Category [Axis] Other operating expenses Other Operating Income (Expense), Net Unsecured senior notes principal Senior Notes 2029 [Member] Senior Notes 2029 Term Loan 2031 Term Loan 2031 [Member] Term Loan 2031 Proceeds from debt Proceeds from Issuance of Long-Term Debt Current Fiscal Year End Date Current Fiscal Year End Date Class of Stock [Axis] Class of Stock [Axis] San Diego, CA San Diego, California [Member] San Diego, California [Member] Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table [Member] Weighted-Average Grant Date Fair Value Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] Common shares available for issuance under the Plan (in shares) Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant Other, net Other Nonoperating Income (Expense) Statement [Table] Statement [Table] Schedule of Real Estate Properties [Table] Real Estate Property, Ownership [Table] Provision (benefit) for deferred income taxes Deferred Income Tax Expense (Benefit) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity [Abstract] Financing activities: Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract] Equity Awards Adjustments, Excluding Value Reported in Compensation Table Equity Awards Adjustments, Excluding Value Reported in the Compensation Table [Member] Variable Rate [Domain] Variable Rate [Domain] Deferred revenues Contract with Customer, Liability Organization Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] Antidilutive securities excluded from computation of earnings per share (in shares) Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount Denominator: Weighted Average Number of Shares Outstanding, Diluted [Abstract] Unsecured indebtedness, percentage Debt Instrument, Unsecured Indebtedness, Percentage Debt Instrument, Unsecured Indebtedness, Percentage All Adjustments to Compensation All Adjustments to Compensation [Member] Amendment Flag Amendment Flag 2028 Long-Term Debt, Maturity, Year Two Aggregate grant date fair value Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grant Date Fair Value Termination Date Trading Arrangement Termination Date Net cash provided by (used in) financing activities Cash Provided by (Used in) Financing Activity, Including Discontinued Operation Insider Trading Policies and Procedures Adopted Insider Trading Policies and Procedures Adopted [Flag] San Francisco, CA San Francisco, California [Member] San Francisco, California [Member] Operating Partnership Operating Partnership [Member] Operating Partnership [Member] Measure: Measure [Axis] Number of rooms in adjoining building subject to lease agreement Number Of Rooms In Adjoining Building Subject To Lease Agreement Number Of Adjoining Building Rooms Operating lease, incremental rate Operating Lease, Weighted Average Discount Rate, Percent Dividends Payable [Table] Dividends Payable [Table] Weighted-average number of common shares, basic (in shares) Weighted-average number of common shares — basic (in shares) Weighted Average Number of Shares Outstanding, Basic Remaining authorized repurchase amount Share Repurchase Program, Remaining Authorized, Amount Supplemental Information to Statements of Cash Flows Cash Flow, Supplemental Disclosures [Text Block] Total hotel operating expenses Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization Schedule of Reconciliation of Basic and Diluted Earnings Per Common Share Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] Director Director [Member] Segment Reporting [Abstract] Investment in hotel properties Real Estate Investments, Net [Abstract] Pay vs Performance Disclosure, Table Pay vs Performance [Table Text Block] Debt Disclosure [Abstract] Debt Disclosure [Abstract] Forgone Recovery due to Violation of Home Country Law, Amount Forgone Recovery due to Violation of Home Country Law, Amount Reserve funds allowed for hotel maintenance from hotel revenue Reserve Funds As Percentage Of Hotel Revenues Reserve funds as percentage of hotel revenues. Entity Tax Identification Number Entity Tax Identification Number Senior unsecured credit facility Senior Unsecured Revolving Credit Facility [Member] Senior Unsecured Revolving Credit Facility [Member] Expenses: Significant hotel expenses: Costs and Expenses [Abstract] Asset Acquisition [Axis] Asset Acquisition [Axis] Number of hotels owned by the company Number of Real Estate Properties Forgone Recovery due to Expense of Enforcement, Amount Forgone Recovery due to Expense of Enforcement, Amount Share-based Compensation Arrangement by Share-based Payment Award [Line Items] Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] Common shares of beneficial interest, par value (in usd per share) Common Stock, Par or Stated Value Per Share Common shares of beneficial interest, issued (in shares) Common Stock, Shares, Issued Derivative Instruments and Hedging Activities Disclosures [Line Items] Derivative Instruments and Hedging Activities Disclosures [Line Items] 2030 Long-Term Debt, Maturity, Year Four Impairment Impairment Impairment of Real Estate Use of Estimates Use of Estimates, Policy [Policy Text Block] Amortization of deferred financing costs, non-cash interest and other amortization Amortization Of Debt Issuance Costs, Non-Cash Interest, And Other Amortization Amortization Of Debt Issuance Costs, Non-Cash Interest, And Other Amortization Convertible Debt Securities Convertible Debt Securities [Member] Interest expense Total interest expense Interest expense Interest Expense, Nonoperating Trading Arrangement: Trading Arrangement [Axis] Total Shareholder Return Amount Total Shareholder Return Amount Real Estate, Type of Property [Axis] Real Estate, Type of Property [Axis] Series E Cumulative Redeemable Preferred Shares, $0.01 par value Series E Preferred Stock 6.375% Series E Series E Preferred Stock [Member] Insider Trading Arrangements [Line Items] Security Exchange Name Security Exchange Name Business interruption insurance income Business interruption insurance income Gain on Business Interruption Insurance Recovery 2026 Long-Term Debt, Maturity, Remainder of Fiscal Year Total liabilities Liabilities Antidilutive Securities, Name [Domain] Antidilutive Securities, Name [Domain] Maximum borrowing capacity Line of Credit Facility, Maximum Borrowing Capacity Distributions on preferred shares/units Dividends, Preferred Stock Business Combination, Consideration Transferred, Equity Interest, Type [Domain] Business Combination, Consideration Transferred, Equity Interest, Type [Domain] Corporate and Other Corporate And Reconciling Items [Member] Corporate And Reconciling Items Series G Cumulative Redeemable Preferred Shares, $0.01 par value Series G Preferred Stock Series G Preferred Stock [Member] Pension Adjustments Prior Service Cost Pension Adjustments Prior Service Cost [Member] Interest rate Derivative, Variable Interest Rate Repurchase of common shares (in shares) Stock repurchased during period, shares (in shares) Stock Repurchased During Period, Shares Material Terms of Trading Arrangement Material Terms of Trading Arrangement [Text Block] Terms of management agreements not including renewals Remaining Terms Of Management Agreements Not Including Renewals Remaining Terms Of Management Agreements Not Including Renewals Number of properties Impairment of Real Estate, Number of Properties Impairment of Real Estate, Number of Properties Statement [Line Items] Statement [Line Items] Consolidation Items [Axis] Consolidation Items [Axis] Unamortized issuance costs Unamortized Debt Issuance Expense Variable Rate [Axis] Variable Rate [Axis] Rule 10b5-1 Arrangement Adopted Rule 10b5-1 Arrangement Adopted [Flag] Cash and cash equivalents Cash and Cash Equivalent Construction in progress Development in Process Common Shares, $0.01 par value per share Common Shares Common Shares/Units Common Stock [Member] Vested (in shares) Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period Entity Incorporation, State or Country Code Entity Incorporation, State or Country Code Non-NEOs Non-NEOs [Member] Los Angeles, CA Los Angeles, California [Member] Los Angeles, California [Member] Less: Accumulated depreciation Real Estate Investment Property, Accumulated Depreciation Net change in cash and cash equivalents and restricted cash Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation EX-101.PRE 10 peb-20260331_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT XML 12 R1.htm IDEA: XBRL DOCUMENT v3.26.1
Cover Page - shares
3 Months Ended
Mar. 31, 2026
Apr. 24, 2026
Document Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2026  
Document Transition Report false  
Entity File Number 001-34571  
Entity Registrant Name PEBBLEBROOK HOTEL TRUST  
Entity Incorporation, State or Country Code MD  
Entity Tax Identification Number 27-1055421  
Entity Address, Address Line One 4747 Bethesda Avenue  
Entity Address, Address Line Two Suite 1100  
Entity Address, City or Town Bethesda  
Entity Address, State or Province MD  
Entity Address, Postal Zip Code 20814  
City Area Code (240)  
Local Phone Number 507-1300  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   113,369,235
Entity Central Index Key 0001474098  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q1  
Amendment Flag false  
Common Shares, $0.01 par value per share    
Document Information [Line Items]    
Title of 12(b) Security Common Shares, $0.01 par value per share  
Trading Symbol PEB  
Security Exchange Name NYSE  
Series E Cumulative Redeemable Preferred Shares, $0.01 par value    
Document Information [Line Items]    
Title of 12(b) Security Series E Cumulative Redeemable Preferred Shares, $0.01 par value  
Trading Symbol PEB-PE  
Security Exchange Name NYSE  
Series F Cumulative Redeemable Preferred Shares, $0.01 par value    
Document Information [Line Items]    
Title of 12(b) Security Series F Cumulative Redeemable Preferred Shares, $0.01 par value  
Trading Symbol PEB-PF  
Security Exchange Name NYSE  
Series G Cumulative Redeemable Preferred Shares, $0.01 par value    
Document Information [Line Items]    
Title of 12(b) Security Series G Cumulative Redeemable Preferred Shares, $0.01 par value  
Trading Symbol PEB-PG  
Security Exchange Name NYSE  
Series H Cumulative Redeemable Preferred Shares, $0.01 par value    
Document Information [Line Items]    
Title of 12(b) Security Series H Cumulative Redeemable Preferred Shares, $0.01 par value  
Trading Symbol PEB-PH  
Security Exchange Name NYSE  
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Investment in hotel properties, net $ 4,974,733 $ 5,023,457
Cash and cash equivalents 196,207 184,185
Restricted cash 8,396 12,018
Hotel receivables (net of allowance for doubtful accounts of $225 and $241, respectively) 39,697 34,184
Prepaid expenses and other assets 85,137 94,330
Total assets 5,304,170 5,348,174
LIABILITIES AND EQUITY    
Debt, net 2,079,334 2,124,092
Accounts payable, accrued expenses and other liabilities 215,680 199,631
Lease liabilities - operating leases 333,030 333,068
Deferred revenues 113,800 104,900
Accrued interest 19,188 12,106
Distribution payable 11,611 11,639
Total liabilities 2,772,643 2,785,436
Commitments and contingencies (Note 11)
Shareholders' equity:    
Preferred shares of beneficial interest, $.01 par value (liquidation preference $676,724 at March 31, 2026 and December 31, 2025), 100,000,000 shares authorized; 27,068,962 shares issued and outstanding at March 31, 2026 and December 31, 2025 271 271
Common shares of beneficial interest, $.01 par value, 500,000,000 shares authorized; 112,985,227 and 113,188,134 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 1,130 1,132
Additional paid-in capital 3,966,623 3,969,875
Accumulated other comprehensive income (loss) 3,268 605
Distributions and retained deficit (1,534,069) (1,503,262)
Total shareholders' equity 2,437,223 2,468,621
Non-controlling interests 94,304 94,117
Total equity 2,531,527 2,562,738
Total liabilities and equity $ 5,304,170 $ 5,348,174
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Balance Sheets (Parenthetical) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Statement of Financial Position [Abstract]    
Allowance for doubtful accounts $ 225,000 $ 241,000
Preferred shares of beneficial interest, par value (in usd per share) $ 0.01 $ 0.01
Preferred shares of beneficial interest, liquidation preference value $ 676,724,000 $ 676,724,000
Preferred shares of beneficial interest, authorized (in shares) 100,000,000 100,000,000
Preferred shares of beneficial interest, issued (in shares) 27,068,962 27,068,962
Preferred shares of beneficial interest, outstanding (in shares) 27,068,962 27,068,962
Common shares of beneficial interest, par value (in usd per share) $ 0.01 $ 0.01
Common shares of beneficial interest, authorized (in shares) 500,000,000 500,000,000
Common shares of beneficial interest, issued (in shares) 112,985,227 113,188,134
Common shares of beneficial interest, outstanding (in shares) 112,985,227 113,188,134
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Total revenues $ 345,656 $ 320,266
Hotel operating expenses:    
Total hotel operating expenses 232,088 227,214
Depreciation and amortization 51,979 57,543
Real estate taxes, personal property taxes, property insurance, and ground rent 32,791 33,273
General and administrative 12,041 13,226
Impairment 7,688 0
Business interruption insurance income 0 (4,303)
Other operating expenses 1,018 550
Total operating expenses 337,605 327,503
Operating income (loss) 8,051 (7,237)
Interest expense (26,314) (27,133)
Other, net (190) (972)
Income (loss) before income taxes (18,453) (35,342)
Income tax (expense) benefit 17 3,162
Net income (loss) (18,436) (32,180)
Net income (loss) attributable to non-controlling interests 838 767
Net income (loss) attributable to the Company (19,274) (32,947)
Distributions to preferred shareholders (10,427) (10,631)
Net income (loss) attributable to common shareholders $ (29,701) $ (43,578)
Net income (loss) per share available to common shareholders, basic (in usd per share) $ (0.26) $ (0.37)
Net income (loss) per share available to common shareholders, diluted (in usd per share) $ (0.26) $ (0.37)
Weighted-average number of common shares, basic (in shares) 113,331,501 119,204,243
Weighted-average number of common shares, diluted (in shares) 113,331,501 119,204,243
Room    
Revenues:    
Total revenues $ 214,525 $ 197,010
Hotel operating expenses:    
Total hotel operating expenses 59,515 58,523
Food and beverage    
Revenues:    
Total revenues 91,143 86,310
Hotel operating expenses:    
Total hotel operating expenses 65,459 64,568
Other operating    
Revenues:    
Total revenues 39,988 36,946
Hotel operating expenses:    
Total hotel operating expenses $ 107,114 $ 104,123
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Statements of Operations and Comprehensive Income - Continued - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Comprehensive Income:    
Net income (loss) $ (18,436) $ (32,180)
Other comprehensive income (loss):    
Change in fair value of derivative instruments 1,940 (1,840)
Amounts reclassified from other comprehensive income 765 (3,800)
Comprehensive income (loss) (15,731) (37,820)
Comprehensive income (loss) attributable to non-controlling interests 880 821
Comprehensive income (loss) attributable to the Company $ (16,611) $ (38,641)
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Statements of Equity - USD ($)
$ in Thousands
Total
Director
Common Shares
Total Shareholders' Equity
Total Shareholders' Equity
Director
Total Shareholders' Equity
Common Shares
Preferred Shares
Common Shares
Common Shares
Director
Common Shares
Common Shares
Additional Paid-In Capital
Additional Paid-In Capital
Director
Additional Paid-In Capital
Common Shares
Accumulated Other Comprehensive Income (Loss)
Distributions and retained deficit
Non-Controlling Interests
Beginning balance (in shares) at Dec. 31, 2024             27,600,000 119,285,394                
Beginning balance at Dec. 31, 2024 $ 2,787,874     $ 2,697,424     $ 276 $ 1,193     $ 4,072,265     $ 16,550 $ (1,392,860) $ 90,450
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Share-based compensation (in shares)               221,181 54,451              
Share-based compensation 3,220 $ 745   2,054 $ 745     $ 2 $ 1   2,052 $ 744       1,166
Repurchase of common shares (in shares)                   (1,282,621)            
Repurchase of common shares     $ (14,612)     $ (14,612)       $ (13)     $ (14,599)      
Distributions on common shares/units (1,196)     (1,184)                     (1,184) (12)
Distributions on preferred shares/units (11,795)     (10,631)                     (10,631) (1,164)
Other comprehensive income (loss):                                
Change in fair value of derivative instruments (1,840)     (1,894)             (36)     (1,858)   54
Amounts reclassified from other comprehensive income (3,800)     (3,800)                   (3,800)    
Net income (loss) (32,180)     (32,947)                     (32,947) 767
Ending balance (in shares) at Mar. 31, 2025             27,600,000 118,278,405                
Ending balance at Mar. 31, 2025 2,726,416     2,635,155     $ 276 $ 1,183     4,060,426     10,892 (1,437,622) 91,261
Beginning balance (in shares) at Dec. 31, 2025             27,068,962 113,188,134                
Beginning balance at Dec. 31, 2025 2,562,738     2,468,621     $ 271 $ 1,132     3,969,875     605 (1,503,262) 94,117
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                
Share-based compensation (in shares)               217,449 71,958              
Share-based compensation 2,306 $ 825   1,821 $ 825     $ 2 $ 1   1,819 $ 824       485
Repurchase of common shares (in shares)                   (492,314)            
Repurchase of common shares     $ (5,900)     $ (5,900)       $ (5)     $ (5,895)      
Distributions on common shares/units (1,120)     (1,106)                     (1,106) (14)
Distributions on preferred shares/units (11,591)     (10,427)                     (10,427) (1,164)
Other comprehensive income (loss):                                
Change in fair value of derivative instruments 1,940     1,898                   1,898   42
Amounts reclassified from other comprehensive income 765     765                   765    
Net income (loss) (18,436)     (19,274)                     (19,274) 838
Ending balance (in shares) at Mar. 31, 2026             27,068,962 112,985,227                
Ending balance at Mar. 31, 2026 $ 2,531,527     $ 2,437,223     $ 271 $ 1,130     $ 3,966,623     $ 3,268 $ (1,534,069) $ 94,304
XML 18 R7.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities:    
Net income (loss) $ (18,436) $ (32,180)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 51,979 57,543
Provision (benefit) for deferred income taxes (17) (3,105)
Share-based compensation 2,306 3,220
Amortization of deferred financing costs, non-cash interest and other amortization 4,255 2,985
Impairment 7,688 0
Non-cash ground rent 2,345 2,448
Other adjustments (212) 1,215
Changes in assets and liabilities:    
Hotel receivables (5,497) (3,966)
Prepaid expenses and other assets 6,472 4,077
Accounts payable and accrued expenses 23,243 5,227
Deferred revenues 9,925 12,877
Net cash provided by (used in) operating activities 84,051 50,341
Investing activities:    
Improvements and additions to hotel properties (11,946) (20,658)
Property insurance proceeds 3,175 0
Other investing activities (189) (206)
Net cash provided by (used in) investing activities (8,960) (20,864)
Financing activities:    
Payment of deferred financing costs (6,649) (48)
Proceeds from debt 360,000 0
Repayments of debt (400,761) (549)
Repurchases of common shares (5,900) (14,612)
Distributions — common shares/units (1,148) (1,215)
Distributions — preferred shares/units (11,592) (11,795)
Other financing activities (641) (663)
Net cash provided by (used in) financing activities (66,691) (28,882)
Net change in cash and cash equivalents and restricted cash 8,400 595
Cash and cash equivalents and restricted cash, beginning of year 196,203 217,591
Cash and cash equivalents and restricted cash, end of period $ 204,603 $ 218,186
XML 19 R8.htm IDEA: XBRL DOCUMENT v3.26.1
Organization
3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization Organization
Pebblebrook Hotel Trust (the "Company") is an internally managed hotel investment company, formed as a Maryland real estate investment trust in October 2009 to opportunistically acquire and invest in hotel properties located primarily in major U.S. cities and resort properties located near our primary target urban markets and select destination resort markets, with an emphasis on major gateway coastal markets.
As of March 31, 2026, the Company owned interests in 44 hotels with a total of 11,052 guest rooms. The hotel properties are located in: Boston, Massachusetts; Chicago, Illinois; Hollywood, Florida; Jekyll Island, Georgia; Key West, Florida; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); Naples, Florida; Newport, Rhode Island; Portland, Oregon; San Diego, California; San Francisco, California; Santa Cruz, California; Stevenson, Washington; and Washington, D.C.
Substantially all of the Company's assets are held by, and all of the Company's operations are conducted through, Pebblebrook Hotel, L.P. (the "Operating Partnership"). The Company is the sole general partner of the Operating Partnership. As of March 31, 2026, the Company owned 98.8% of the common limited partnership units issued by the Operating Partnership ("common units"). The remaining 1.2% of the common units are owned by the other limited partners of the Operating Partnership. For the Company to maintain its qualification as a real estate investment trust ("REIT") under the Internal Revenue Code of 1986, as amended (the "Code"), it cannot operate the hotels it owns. Therefore, the Operating Partnership and its subsidiaries lease the hotel properties to subsidiaries of Pebblebrook Hotel Lessee, Inc. (collectively with its subsidiaries, "PHL"), a taxable REIT subsidiary ("TRS"), which in turn engage third-party eligible independent contractors to manage the hotels. PHL is consolidated into the Company's financial statements.
XML 20 R9.htm IDEA: XBRL DOCUMENT v3.26.1
Summary of Significant Accounting Policies
3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Basis of Presentation and Principles of Consolidation
The accompanying unaudited interim consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and in conformity with the rules and regulations of the U.S. Securities and Exchange Commission ("SEC") applicable to interim financial information. As such, certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been omitted in accordance with the rules and regulations of the SEC. These unaudited consolidated financial statements include all adjustments considered necessary for a fair presentation of the consolidated balance sheets, consolidated statements of operations and comprehensive income, consolidated statements of equity and consolidated statements of cash flows for the periods presented. Interim results are not necessarily indicative of full-year performance, as a result of the impact of seasonal and other short-term variations and the acquisitions and or dispositions of hotel properties. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Company's Annual Report on Form 10-K for the year ended December 31, 2025.
The Company and its subsidiaries are separate legal entities and maintain records and books of account separate and apart from each other. The consolidated financial statements include all of the accounts of the Company and its subsidiaries and are presented in accordance with U.S. GAAP. All significant intercompany balances and transactions have been eliminated in consolidation. Investments in entities that the Company does not control, but over which the Company has the ability to exercise significant influence regarding operating and financial policies, are accounted for under the equity method.
Certain reclassifications have been made to the prior period's financial statements to conform to the current year presentation.
Use of Estimates
The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and revenues and expenses. These estimates are prepared using management's best judgment, after considering past, current and expected events and economic conditions. Actual results could differ from these estimates.
Risks and Uncertainties
The state of the overall economy can significantly impact hotel operational performance and thus the Company's financial position. Global events, as well as national and local events, may adversely impact travel trends and the operations of the Company's hotels. In addition, inflation and changing interest rates may impact the overall economy and the availability of debt, which may impact the Company's financial position. A decline in travel or a significant increase in costs may also adversely impact the Company's cash flow and ability to service debt or meet other financial obligations.
New Accounting Pronouncements
Disaggregation of Income Statement Expenses
In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses ("ASU 2024-03"). ASU 2024-03 requires public entities to disclose specified information about certain costs and expenses. ASU 2024-03 is effective for annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027, with early adoption permitted. The amendments should be applied either retrospectively to all prior periods presented in the financial statements or prospectively after the adoption date. The Company is currently assessing the impact of adopting ASU 2024-03 on its consolidated financial statements and disclosures.
Induced Conversions of Convertible Debt Instruments
In November 2024, the FASB issued ASU 2024-04, Debt—Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments ("ASU 2024-04"). ASU 2024-04 clarifies the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as induced conversions rather than as debt extinguishments. ASU 2024-04 is effective for annual reporting periods beginning after December 15, 2025, and interim periods within those annual reporting periods, with early adoption permitted. The amendments should be applied either prospectively or retrospectively. The Company adopted ASU 2024-04 on January 1, 2026 on a prospective basis to any future settlements of convertible debt instruments.
Derivatives and Hedging
In November 2025, the FASB issued ASU 2025-09, Derivatives and Hedging (Topic 815): Hedge Accounting Improvements ("ASU 2025-09"). ASU 2025-09 amends existing hedge accounting guidance to improve the alignment of financial reporting with the economics of an entity's risk management activities. ASU 2025-09 is effective for annual reporting periods beginning after December 15, 2026, including interim periods within those annual reporting periods. Early adoption is permitted. The amendments in this update apply to any entity that elects to apply hedge accounting in accordance with Topic 815 and generally are to be adopted on a prospective basis, with an election available to apply the guidance to existing hedging relationships as of the adoption date. The Company adopted ASU 2025-09 on January 1, 2026 on a prospective basis. The adoption did not have a material impact on the Company's consolidated financial statements.
XML 21 R10.htm IDEA: XBRL DOCUMENT v3.26.1
Acquisition and Disposition of Hotel Properties
3 Months Ended
Mar. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisition and Disposition of Hotel Properties Acquisition and Disposition of Hotel Properties
Acquisitions
The Company did not acquire any hotel properties during the three months ended March 31, 2026 or 2025.
Dispositions
The Company did not dispose of any hotel properties during the three months ended March 31, 2026.
The following table summarizes disposition transactions during 2025 (in thousands):
Hotel Property NameLocationSale DateSale Price
Montrose at Beverly HillsLos Angeles, CANovember 19, 2025$44,250 
The Westin Michigan Avenue ChicagoChicago, ILDecember 3, 202572,000 
2025 Total
$116,250 
For the three months ended March 31, 2026 and 2025, the accompanying consolidated statements of operations and comprehensive income included operating loss of $0.1 million and $5.5 million, respectively, excluding impairment loss and gain on sale of hotel properties related to the hotel properties sold.
The sales of the hotel properties described above did not represent a strategic shift that had a major effect on the Company's operations and financial results, and therefore, did not qualify as discontinued operations.
XML 22 R11.htm IDEA: XBRL DOCUMENT v3.26.1
Investment in Hotel Properties
3 Months Ended
Mar. 31, 2026
Real Estate [Abstract]  
Investment in Hotel Properties Investment in Hotel Properties
Investment in hotel properties as of March 31, 2026 and December 31, 2025 consisted of the following (in thousands):
March 31, 2026December 31, 2025
Land$752,108 $754,384 
Buildings and improvements4,997,277 4,995,530 
Furniture, fixtures and equipment528,695 526,414 
Finance lease asset91,181 91,181 
Construction in progress3,717 1,203 
$6,372,978 $6,368,712 
Right-of-use asset, operating leases351,424 353,873 
Investment in hotel properties$6,724,402 $6,722,585 
Less: Accumulated depreciation(1,749,669)(1,699,128)
Investment in hotel properties, net$4,974,733 $5,023,457 
Impairment
The Company reviews its investment in hotel properties for impairment whenever events or circumstances indicate potential impairment. The Company periodically adjusts its estimate of future operating cash flows and estimated hold periods for certain properties. As a result of this review, the Company may identify an impairment trigger has occurred and assess its investment in hotel properties for recoverability.
During the three months ended March 31, 2026, the Company recognized an impairment loss of $7.7 million for one hotel as a result of its fair value being lower than its carrying value. The impairment loss was determined using Level 2 inputs under authoritative guidance for fair value measurements using purchase and sale agreements and information from marketing efforts for this property. During the three months ended March 31, 2025, no impairment losses were incurred.
Lease Assets and Lease Liabilities
The Company recognized right-of-use assets and related liabilities related to its ground leases, all of which are operating leases. When the rate implicit in the lease could not be determined, the Company used incremental borrowing rates, which ranged from 4.7% to 7.6%. In addition, the term used includes any options to exercise extensions when it is reasonably certain the Company will exercise such option. See Note 11. Commitments and Contingencies for additional information about the ground leases.
The operating lease right-of-use assets and liabilities are amortized to ground rent expense over the term of the underlying lease agreements. As of March 31, 2026, the Company's lease liabilities consisted of operating lease liabilities of $333.0 million and finance lease liabilities of $44.7 million. As of December 31, 2025, the Company's lease liabilities consisted of operating lease liabilities of $333.1 million and finance lease liabilities of $44.6 million. The finance lease liabilities are included in accounts payable, accrued expenses and other liabilities on the Company's accompanying consolidated balance sheets.
XML 23 R12.htm IDEA: XBRL DOCUMENT v3.26.1
Debt
3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Debt Debt
The Company's debt consisted of the following as of March 31, 2026 and December 31, 2025 (dollars in thousands):
   Balance Outstanding as of
 
Interest Rate at March 31, 2026
Maturity DateMarch 31, 2026December 31, 2025
Unsecured revolving credit facilities
Senior unsecured credit facility
(1)(2)
October 2028$— $— 
PHL unsecured credit facility
(1)
October 2028— — 
Unsecured revolving credit facilities$— $— 
Unsecured term loans
Term Loan 2027
(3)
October 2027— 360,000 
Term Loan 20285.15%
(1)
January 2028356,652 356,652 
Term Loan 20294.91%
(1)
January 2029185,217 185,217 
Term Loan 20315.23%
(1)(3)
February 2031360,000 — 
Unsecured term loans principal$901,869 $901,869 
Convertible senior notes
Convertible Notes 20261.75%December 2026350,000 350,000 
Convertible Notes 20301.63%January 2030400,000 400,000 
Convertible senior notes principal$750,000 $750,000 
Unsecured senior notes principal6.38%October 2029$400,000 $400,000 
Mortgage loans
Margaritaville Hollywood Beach Resort
(4)
September 2026— 40,000 
Estancia La Jolla Hotel & Spa5.07%September 202852,634 53,395 
Mortgage loans principal$52,634 $93,395 
Total debt principal$2,104,503 $2,145,264 
Unamortized debt premium and deferred financing costs, net(25,169)(21,172)
Debt, net$2,079,334 $2,124,092 
______________________
(1)    Borrowings bear interest at floating rates. Interest rate at March 31, 2026 gives effect to interest rate hedges.
(2)    The Company has the option to extend the maturity date for up to two six-month periods, subject to certain terms and conditions and payment of an extension fee.
(3)    In February 2026, the Company extended the maturity date of Term Loan 2027 to February 2031 (the extended loan is referred to as Term Loan 2031).
(4)    In February 2026, the Company paid down the remaining loan balance.
Unsecured Credit Agreement
On October 13, 2022, the Company entered into the Fifth Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent and certain other agents and lenders ("Credit Agreement"). The Credit Agreement provides for a $650.0 million senior unsecured revolving credit facility and three unsecured term loan facilities. The Company may request additional lender commitments to increase the aggregate borrowing capacity under the Credit Agreement up to an additional $970.0 million.
On February 11, 2026, the Company amended its Credit Agreement to extend the $360.0 million Term Loan 2027 to mature in February 2031 and to provide for a delayed draw option for the Company to borrow an additional $90.0 million by December 15, 2026 (the extended loan is referred to as Term Loan 2031). The Credit Facility was also amended to remove the SOFR adjustment from its senior unsecured revolving credit facility and all unsecured term loan facilities. Concurrently, the maturity date of the $48.0 million unextended portion of the senior unsecured revolving credit facility was extended to October 13, 2028.
Unsecured Revolving Credit Facilities
The $650.0 million senior unsecured revolving credit facility provided for in the Credit Agreement matures in October 2028 and provides the Company the option to extend the maturity date for up to two six-month periods, subject to certain terms and conditions and payment of an extension fee. All borrowings under this senior unsecured revolving credit facility bear interest at a rate per annum equal to, at the option of the Company, (i) the Secured Overnight Financing Rate ("SOFR") plus a margin that is based upon the Company's leverage ratio or (ii) the Base Rate (as defined by the Credit Agreement) plus a margin that is based on the Company's leverage ratio. The margins for revolving credit facility loans range in amount from 1.45% to 2.50% for SOFR-based loans and 0.45% to 1.50% for Base Rate-based loans, depending on the Company's leverage ratio. As of March 31, 2026, the Company had no outstanding borrowings, $8.8 million of outstanding letters of credit and a borrowing capacity of $641.2 million remaining on the senior unsecured revolving credit facility. The Company is required to pay an unused commitment fee at an annual rate of 0.20% or 0.30% of the unused portion of the senior unsecured revolving credit facility, depending on the amount of borrowings outstanding. The credit agreement contains certain financial covenants, including a maximum leverage ratio, a minimum fixed charge coverage ratio and a maximum percentage of secured debt to total asset value. 
Under the terms of the Credit Agreement, one or more standby letters of credit, up to a maximum aggregate outstanding balance of $30.0 million, may be issued on behalf of the Company by the lenders under the senior unsecured revolving facility. The Company pays a fee for outstanding standby letters of credit at a rate per annum equal to the applicable margin based upon the Company's leverage ratio. Any outstanding standby letters of credit reduce the available borrowings on the senior unsecured revolving credit facility by a corresponding amount. Standby letters of credit of $8.8 million and $7.9 million were outstanding as of March 31, 2026 and December 31, 2025, respectively.
As of March 31, 2026, the Company also has a $20.0 million unsecured revolving credit facility (the "PHL Credit Facility") to be used for PHL's working capital and general corporate purposes. On November 27, 2024, PHL amended the agreement governing the PHL Credit Facility to extend the maturity to October 2028. The PHL Credit Facility has substantially similar terms as the Company's senior unsecured revolving credit facility. Borrowings on the PHL Credit Facility bear interest at a rate per annum equal to, at the option of the Company, (i) SOFR plus a margin that is based upon the Company's leverage ratio or (ii) the Base Rate (as defined by the Credit Agreement) plus a margin that is based on the Company's leverage ratio. The PHL Credit Facility is subject to debt covenants substantially similar to the covenants under the Credit Agreement, which governs the Company's senior unsecured revolving credit facility. As of March 31, 2026, the Company had no borrowings under the PHL Credit Facility and had $20.0 million borrowing capacity remaining available under the PHL Credit Facility.
As of March 31, 2026, the Company was in compliance with all debt covenants of the credit agreements that govern the unsecured revolving credit facilities.
Unsecured Term Loan Facilities
The term loan facilities provided for in the Credit Agreement bear interest at a rate per annum equal to, at the option of the Company, (i) SOFR plus a margin that is based upon the Company's leverage ratio or (ii) the Base Rate (as defined by the Credit Agreement) plus a margin that is based on the Company's leverage ratio. The margins for term loans range in amount from 1.45% to 2.45% for SOFR-based loans and 0.40% to 1.45% for Base Rate-based loans, depending on the Company's leverage ratio. The term loans are subject to the debt covenants in the Credit Agreement. As of March 31, 2026, the Company was in compliance with all debt covenants of its term loans.
The Company entered into interest rate swap agreements to fix the SOFR rate on a portion of these unsecured term loan facilities. See Derivative and Hedging Activities for further discussion on the interest rate swaps.
Convertible Senior Notes due 2026
The Company has $350.0 million aggregate principal amount of 1.75% Convertible Senior Notes due December 2026 (the "Convertible Notes 2026") outstanding. The Convertible Notes 2026 are governed by an indenture between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee, and bear interest at a rate of 1.75% per annum, payable semi-annually in arrears on June 15th and December 15th of each year. As of March 31, 2026 and December 31, 2025, the Convertible Notes 2026 had $0.3 million and $0.4 million, respectively, of unamortized issuance costs outstanding.
Prior to June 15, 2026, the Convertible Notes 2026 are convertible upon certain circumstances. On and after June 15, 2026, holders may convert any of their Convertible Notes 2026 into the Company's common shares of beneficial interest ("common shares") at the applicable conversion rate at any time at their election until two days prior to the maturity date. The initial conversion rate is 39.2549 common shares per $1,000 principal amount of Convertible Notes 2026, which represents an initial conversion price of approximately $25.47 per share. The conversion rate is subject to adjustment in certain circumstances. Upon conversion of the Convertible Notes 2026, the Company may choose to pay or deliver cash, common shares or a combination of cash and shares. As of March 31, 2026 and December 31, 2025, the if-converted value of the Convertible Notes 2026 did not exceed the principal amount.
The Company may redeem for cash all or a portion of the Convertible Notes 2026, at its option, upon certain circumstances. The redemption price will be equal to 100% of the principal amount of the convertible notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. If certain make-whole fundamental changes occur, the conversion rate for the Convertible Notes 2026 may be increased.
Convertible Senior Notes due 2030
The Company has $400.0 million aggregate principal amount of 1.625% Convertible Senior Notes 2030 due January 2030 (the "Convertible Notes 2030") outstanding. The Convertible Notes 2030 are governed by an indenture between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee, and bear interest at a rate of 1.625% per annum, payable semi-annually in arrears on January 15th and July 15th of each year. As of March 31, 2026 and December 31, 2025, the Convertible Notes 2030 had $9.2 million and $9.8 million, respectively, of unamortized issuance costs outstanding.
Prior to July 15, 2029, the Convertible Notes 2030 are convertible upon certain circumstances. On and after July 15, 2029, holders may convert any of their Convertible Notes 2030 into the Company's common shares at the applicable conversion rate at any time at their election until two days prior to the maturity date. The initial conversion rate is 62.9129 common shares per $1,000 principal amount of Convertible Notes 2030, which represents an initial conversion price of approximately $15.89 per share. The conversion rate is subject to adjustment in certain circumstances. Upon conversion of the Convertible Notes 2030, the Company will settle the conversion by paying cash up to the aggregate principal amount of the Convertible Notes 2030 to be converted and cash, common shares or a combination of cash and common shares, at the Company's election, with respect to the remainder, if any, of the conversion obligation in excess of the aggregate principal amount. As of March 31, 2026 and December 31, 2025, the if-converted value of the Convertible Notes 2030 did not exceed the principal amount.
Prior to July 20, 2028, the Company may not redeem the Convertible Notes 2030. On or after July 20, 2028, the Company may redeem for cash all or a portion of the Convertible Notes 2030, at its option, upon certain circumstances. The redemption price will be equal to 100% of the principal amount of the convertible notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. If certain make-whole fundamental changes occur, the conversion rate for the Convertible Notes 2030 may be increased.
Capped Call Transactions in Connection with the Convertible Senior Notes
In connection with the issuances of the Convertible Notes 2026 and the Convertible Notes 2030, the Company entered into privately negotiated capped call transactions. The capped call transactions cover, subject to anti-dilution adjustments substantially similar to those applicable to the convertible notes, the number of common shares underlying the applicable convertible note instrument. The capped call transactions are expected generally to reduce the potential dilution to holders of common shares upon conversion of the applicable convertible notes and/or offset the potential cash payments that the Company could be required to make in excess of the principal amount of any converted applicable convertible notes upon conversion thereof, with such reduction and/or offset subject to a cap. The upper strike price of the capped call transactions is $33.0225 per share for the Convertible Notes 2026 and $20.23 per share for the Convertible Notes 2030. Premiums paid for the capped call transactions were included as a net reduction to additional paid-in capital in the Company's accompanying consolidated balance sheets. The Company is exposed to credit risk in the event of non-performance by the counterparties to the capped call agreements. The Company believes it minimizes the credit risk by transacting with major creditworthy financial institutions.
Unsecured Senior Notes
On October 3, 2024, the Company issued $400.0 million aggregate principal amount of its 6.375% senior notes due October 15, 2029 (the "Senior Notes 2029"). The indenture governing the Senior Notes 2029 contains covenants that are customary for similar securities and require the Company to maintain total unencumbered assets as of the end of each fiscal quarter of not less than 150% of total unsecured indebtedness calculated on a consolidated basis. As of March 31, 2026, the Company was in compliance with all such covenants.
Mortgage Loans
On December 1, 2021, the Company assumed a $61.7 million loan secured by a first-lien mortgage on the leasehold interest of Estancia La Jolla Hotel & Spa ("Estancia"). The loan requires both principal and interest monthly payments based on a fixed interest rate of 5.07%. The loan matures on September 1, 2028.
On September 7, 2023, the Company entered into a $140.0 million loan secured by a first-lien mortgage on the leasehold interest of Margaritaville Hollywood Beach Resort. In February 2026, the Company paid down the remaining $40.0 million of the loan.
The Company's mortgage loan associated with Estancia is non-recourse to the Company except for customary carve-outs to the general non-recourse liability. The loan contains customary provisions regarding events of default, as well as customary cash management, cash trap and lockbox provisions. Cash trap provisions are triggered if the hotel's performance is below a certain threshold. Once triggered, all of the cash flow generated by the hotel is deposited directly into lockbox accounts and then swept into cash management accounts for the benefit of the lender. The property is not in a cash trap and no event of default has occurred under the loan documents.
Interest Expense
The components of the Company's interest expense consisted of the following for the three months ended March 31, 2026 and 2025 (in thousands):
For the three months ended
March 31,
20262025
Unsecured revolving credit facilities$527 $497 
Unsecured term loans10,963 10,971 
Convertible senior notes3,156 3,281 
Unsecured senior notes
6,375 6,192 
Mortgage loans992 3,163 
Amortization of debt (premium), deferred financing fees and loss on debt extinguishment3,171 1,910 
Other1,130 1,119 
Total interest expense$26,314 $27,133 
Fair Value
The Company estimates the fair value of its fixed rate mortgage loan and unsecured senior notes by discounting the future cash flows of each instrument at estimated market rates, taking into consideration general market conditions and maturity of the debt with similar credit terms, and is classified within Level 2 of the fair value hierarchy. The Company estimates the fair value of its fixed rate convertible senior notes using public market prices and is classified within Level 1 of the fair value hierarchy. The estimated fair value of the Company's fixed rate debt (unsecured senior notes, convertible senior notes and the Estancia mortgage loan) as of March 31, 2026 and December 31, 2025 was $1.2 billion. The fair value of the Company's variable rate debt approximates its carrying value.
Future Minimum Principal Payments
As of March 31, 2026, the future minimum principal payments for the Company's debt are as follows (in thousands):
2026$351,740 
20272,440 
2028405,106 
2029585,217 
2030400,000 
Thereafter360,000 
Total debt principal payments$2,104,503 
Unamortized debt premium and deferred financing costs, net(25,169)
Debt, net$2,079,334 
Derivative and Hedging Activities
The Company enters into interest rate swap agreements to hedge against interest rate fluctuations. All of the Company's interest rate swaps are designated as cash flow hedges. All unrealized gains and losses on these hedging instruments are reported in accumulated other comprehensive income (loss) and are subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings.
The Company's interest rate swaps at March 31, 2026 and December 31, 2025 consisted of the following, by maturity date (dollars in thousands):
Aggregate Notional Value as of
Hedge TypeInterest Rate Range (SOFR)MaturityMarch 31, 2026December 31, 2025
Swap-cash flow
3.02% - 3.03%
October 2026$200,000 $200,000 
Swap-cash flow
3.29%
October 2027165,000 165,000 
Swap-cash flow
3.34%
November 2027200,000 200,000 
Swap-cash flow
3.28% - 3.29%
March 2028200,000 — 
Swap-cash flow
3.54% - 3.55%
May 2028100,000 100,000 
Total$865,000 $665,000 
The Company records all derivative instruments at fair value in the accompanying consolidated balance sheets. Fair values of interest rate swaps are determined using the standard market methodology of netting the discounted future fixed cash receipts/payments and the discounted expected variable cash payments/receipts. Variable interest rates used in the calculation of projected receipts and payments on the swaps are based on an expectation of future interest rates derived from observable market interest rate curves (Overnight Index Swap curves) and volatilities (Level 2 inputs). Derivatives expose the Company to credit risk in the event of non-performance by the counterparties under the terms of the interest rate hedge agreements. The Company incorporates these counterparty credit risks in its fair value measurements. The Company believes it minimizes the credit risk by transacting with major creditworthy financial institutions.
As of March 31, 2026 and December 31, 2025, the Company's interest rate swap assets had an aggregate fair value of $3.3 million and $0.7 million, respectively. As of March 31, 2026 and December 31, 2025, the Company's interest rate swap liabilities had an aggregate fair value of zero and $0.9 million, respectively. Interest rate swap assets are included in prepaid expenses and other assets and interest rate swap liabilities are included in accounts payable, accrued expenses and other liabilities in the accompanying consolidated balance sheets. The Company expects approximately $2.6 million will be reclassified from accumulated other comprehensive income (loss) to interest expense within the next 12 months.
XML 24 R13.htm IDEA: XBRL DOCUMENT v3.26.1
Revenue
3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The Company presents revenue on a disaggregated basis in the accompanying consolidated statements of operations and comprehensive income. The following table presents revenues by geographic location for the three months ended March 31, 2026 and 2025 (in thousands):
For the three months ended
March 31,
20262025
Southern Florida/Georgia$89,545 $85,455 
San Diego, CA83,322 75,211 
San Francisco, CA47,481 33,741 
Boston, MA45,336 46,773 
Los Angeles, CA42,302 34,297 
Portland, OR13,549 12,797 
Washington, D.C.12,346 15,000 
Other(1)
11,775 16,992 
Total Revenues$345,656 $320,266 
______________________
(1)     Other includes: Chicago, IL, Newport, RI and Santa Cruz, CA.
Payments from customers are primarily made when services are provided. Due to the short-term nature of the Company's contracts (other than membership contracts) and the almost simultaneous receipt of payment, almost all of the contract liability balance at the beginning of the period is expected to be recognized as revenue over the following 12 months. Membership deposits, which are received pursuant to membership contracts, are recognized as revenue over the expected life of the membership.
XML 25 R14.htm IDEA: XBRL DOCUMENT v3.26.1
Equity
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Equity Equity
Common Shares
The Company is authorized to issue up to 500,000,000 common shares. Each outstanding common share entitles the holder to one vote on each matter submitted to a vote of shareholders. Holders of common shares are entitled to receive dividends when authorized by the Board of Trustees.
Common Share Repurchase Program
On October 21, 2025, the Company's Board of Trustees authorized a common share repurchase program of up to $150.0 million of common shares. Under this program, the Company may repurchase common shares from time to time in transactions on the open market or by private agreement. The Company may suspend or discontinue this program at any time. Common shares repurchased by the Company cease to be outstanding and become authorized but unissued common shares. During the three months ended March 31, 2026, the Company repurchased 405,821 common shares for an aggregate purchase price of $4.9 million, or an average of approximately $12.12 per share. As of March 31, 2026, $145.1 million of common shares remained available for repurchase under this program.
Common Dividends
The Company declared the following dividends on common shares/units for the three months ended March 31, 2026:
Dividend per Share/UnitFor the Quarter EndedRecord DatePayable Date
$0.01 March 31, 2026March 31, 2026April 15, 2026
Preferred Shares
The Company is authorized to issue up to 100,000,000 preferred shares of beneficial interest, $0.01 par value per share ("preferred shares").
The following preferred shares were outstanding as of March 31, 2026 and December 31, 2025:
Security TypeMarch 31, 2026December 31, 2025
6.375% Series E
4,265,374 4,265,374 
6.30% Series F
5,890,475 5,890,475 
6.375% Series G
9,085,949 9,085,949 
5.70% Series H
7,827,164 7,827,164 
27,068,962 27,068,962 
The Series E, Series F, Series G and Series H Cumulative Redeemable Preferred Shares (collectively, the "Preferred Shares") rank senior to the common shares and on parity with each other with respect to payment of distributions. The Preferred Shares do not have any maturity date and are not subject to mandatory redemption. The Company may redeem the Series E and Series F Preferred Shares at any time. The Series G and Series H Preferred Shares may not be redeemed prior to May 13, 2026 and July 27, 2026, respectively, except in limited circumstances relating to the Company's continuing qualification as a REIT or as discussed below. On or after such dates, the Company may, at its option, redeem the Preferred Shares, in each case in whole or from time to time in part, by payment of $25.00 per share, plus any accumulated, accrued and unpaid distributions through the date of redemption. Upon the occurrence of a change of control, as defined in the Company's declaration of trust, the result of which the common shares and the common securities of the acquiring or surviving entity are not listed on the New York Stock Exchange, the NYSE American or Nasdaq, or any successor exchanges, the Company may, at its option, redeem the Preferred Shares in whole or in part within 120 days following the change of control by paying $25.00 per share, plus any accrued and unpaid distributions through the date of redemption. If the Company does not exercise its right to redeem the Preferred Shares upon a change of control, the holders of the Preferred Shares have the right to convert some or all of their shares into a number of common shares based on defined formulas subject to share caps. The share cap on each Series E Preferred Share is 1.9372 common shares, on each Series F Preferred Share is 2.0649 common shares, on each Series G Preferred Share is 2.1231 common shares, and on each Series H Preferred Share is 2.2311 common shares.
Preferred Share Repurchase Program
On February 17, 2023, the Company's Board of Trustees authorized a share repurchase program of up to $100.0 million of the Preferred Shares. Under the terms of the program, the Company may repurchase up to an aggregate of $100.0 million of its 6.375% Series E Cumulative Redeemable Preferred Shares, 6.30% Series F Cumulative Redeemable Preferred Shares, 6.375% Series G Cumulative Redeemable Preferred Shares and 5.70% Series H Cumulative Redeemable Preferred Shares from time to time in transactions on the open market or by private agreement.
During the three months ended March 31, 2026, no Preferred Shares were repurchased. As of March 31, 2026, $74.1 million of Preferred Shares remained available for repurchase under this program.
The timing, manner, price and amount of any repurchases will be determined by the Company in its discretion and will depend on a variety of factors, including legal requirements, price, liquidity and economic considerations, and market conditions. The program does not require the Company to repurchase any specific number of Preferred Shares. The program does not have an expiration date and may be suspended, modified or discontinued at any time.
Preferred Dividends
The Company declared the following dividends on preferred shares for the three months ended March 31, 2026:
Security TypeDividend per Share/UnitFor the Quarter EndedRecord DatePayable Date
6.375% Series E
$0.40 March 31, 2026March 31, 2026April 15, 2026
6.30% Series F
$0.39 March 31, 2026March 31, 2026April 15, 2026
6.375% Series G
$0.40 March 31, 2026March 31, 2026April 15, 2026
5.70% Series H
$0.36 March 31, 2026March 31, 2026April 15, 2026
Non-controlling Interest of Common Units in Operating Partnership
Holders of Operating Partnership units ("OP units") have certain redemption rights that enable OP unit holders to cause the Operating Partnership to redeem their units in exchange for, at the Company's option, cash per unit equal to the market price of common shares at the time of redemption or common shares on a one-for-one basis. The number of shares issuable upon exercise of the redemption rights will be adjusted upon the occurrence of share splits, mergers, consolidations or similar pro-rata share transactions, which otherwise would have the effect of diluting the ownership interests of the Operating Partnership's limited partners or the Company's shareholders.
On May 11, 2022, in connection with the acquisition of Inn on Fifth in Naples, Florida, the Company issued 16,291 OP units.
As of March 31, 2026 and December 31, 2025, the Operating Partnership had 16,291 OP units held by third parties, excluding LTIP units.
As of March 31, 2026, the Operating Partnership had two classes of long-term incentive partnership units ("LTIP units"), LTIP Class A units and LTIP Class B units. All of the outstanding LTIP units are held by officers of the Company.
On February 7, 2025, the Board of Trustees granted time-vesting restricted awards of 159,594 LTIP Class B units to executive officers.
On February 5, 2026, the Board of Trustees granted time-vesting restricted awards of 183,587 LTIP Class B units to executive officers.
As of March 31, 2026, the Operating Partnership had 1,338,018 LTIP units outstanding, of which 1,002,586 LTIP units have vested. As of December 31, 2025, the Operating Partnership had 1,154,431 LTIP units outstanding, of which 710,156 LTIP units have vested. Only vested LTIP units may be converted to OP units, which in turn can be tendered for redemption as described above.
Non-controlling Interest of Preferred Units in Operating Partnership
On May 11, 2022, in connection with the acquisition of Inn on Fifth, the Company issued 3,104,400 preferred units in the Operating Partnership, designated as 6.0% Series Z Cumulative Perpetual Preferred Units ("Series Z Preferred Units"). The Series Z Preferred Units rank senior to the OP units and on parity with the Operating Partnership's Series E, Series F, Series G and Series H Preferred Units. Holders of Series Z Preferred Units are entitled to receive quarterly distributions at an annual rate of 6.0% of the liquidation preference value of $25.00 per share.
At any time, holders of Series Z Preferred Units may elect to convert some or all of their units into any other series of the Operating Partnership's preferred units outstanding at that time. After the second anniversary of the issuance of the Series Z Preferred Units, holders may elect to redeem some or all of their units for, at the Company's election, cash, common shares having an equivalent value or preferred shares on a one-for-one basis. After May 11, 2029, the Company may redeem the Series Z Preferred Units for cash, common shares having an equivalent value or preferred shares on a one-for-one basis. At any time following a change of control of the Company, holders of Series Z Preferred Units may elect to redeem some or all of their units for, at the Company's election, cash or common shares having an equivalent value.
As of March 31, 2026 and December 31, 2025, the Operating Partnership had 3,104,400 Series Z Preferred Units outstanding.
XML 26 R15.htm IDEA: XBRL DOCUMENT v3.26.1
Share-Based Compensation Plan
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation Plan Share-Based Compensation Plan
Available Shares
The Company maintains the 2009 Equity Incentive Plan (as amended and restated effective May 23, 2025, the "Plan") to attract and retain independent trustees, executive officers and other key employees and service providers. The Plan provides for the grant of options to purchase common shares, share awards, share appreciation rights, performance units and other equity-based awards. Share awards under the Plan vest over a period determined by the Board of Trustees, generally over three to five years. The Company pays or accrues for dividends on share-based awards. All outstanding share awards are subject to full or partial accelerated vesting upon a change in control and upon death or disability or certain other employment termination events as set forth in the award agreements.
As of March 31, 2026, there were 3,468,815 common shares available for issuance under the Plan.
Service Condition Share Awards
From time to time, the Company awards restricted common shares under the Plan to officers, employees and new members of the Board of Trustees. These shares generally vest over three to five years based on continued service or employment. The following table provides a summary of service condition restricted share activity for the three months ended March 31, 2026:
SharesWeighted-Average
Grant Date
 Fair Value
Unvested at December 31, 2025
399,625 $15.28 
Granted206,338 $11.91 
Vested(215,397)$16.47 
Unvested at March 31, 2026
390,566 $12.84 
For the three months ended March 31, 2026 and 2025, the Company recognized approximately $0.6 million and $0.7 million, respectively, of share-based compensation expense related to these awards as presented in the accompanying consolidated statements of operations and comprehensive income.
Performance-Based Equity Awards
On February 5, 2026, the Board of Trustees approved a target award of 393,872 performance-based equity awards to officers and employees of the Company. These awards will vest, if at all, in 2029. The actual number of common shares that ultimately vest will be from 0% to 200% of the target award and will be determined in 2029 based on the performance criteria set forth in the award agreements for the period of performance from January 1, 2026 through December 31, 2028.
For the three months ended March 31, 2026 and 2025, the Company recognized approximately $1.3 million of share-based compensation expense related to these performance-based equity awards as presented in the accompanying consolidated statements of operations and comprehensive income.
Long-Term Incentive Partnership Units
As of March 31, 2026, the Operating Partnership had two classes of LTIP units, LTIP Class A units and LTIP Class B units. All of the outstanding LTIP units are held by officers of the Company.
On February 5, 2026, the Board of Trustees granted 183,587 LTIP Class B units to executive officers. These LTIP units will vest ratably on January 1, 2027, 2028 and 2029, contingent upon continued employment with the Company. The fair value of each award was determined based on the closing price of the Company's common shares on the grant date of $11.89 per unit with an aggregate grant date fair value of $2.2 million.
As of March 31, 2026, the Operating Partnership had 1,338,018 LTIP units outstanding, of which 1,002,586 LTIP units have vested. As of December 31, 2025, the Operating Partnership had 1,154,431 LTIP units outstanding, of which 710,156 LTIP units have vested. Only vested LTIP units may be converted to OP units, which in turn can be tendered for redemption as described in Note 7. Equity.
For the three months ended March 31, 2026 and 2025, the Company recognized approximately $0.5 million and $1.2 million, respectively, in expense related to these LTIP units. The aggregate expense related to the LTIP unit grants is presented as non-controlling interest in the Company's accompanying consolidated balance sheets.
XML 27 R16.htm IDEA: XBRL DOCUMENT v3.26.1
Income Taxes
3 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
As a REIT, the Company generally is not subject to federal corporate income tax on that portion of its taxable income that is currently distributed to shareholders. However, as a REIT, the Company is still subject to certain state and local taxes on its revenues, income and property, and to federal income and excise taxes on its undistributed taxable income. In addition, taxable income of TRSs, including our TRS lessees, is subject to federal, state and local income taxes. A valuation allowance on deferred tax assets is recorded when the Company has determined it more likely than not that future results will not generate sufficient taxable income to realize the deferred tax assets for each jurisdiction.
The Company files tax returns as prescribed by the tax laws of the jurisdictions in which it operates. In the normal course of business, the Company is subject to examination by federal, state and local jurisdictions, where applicable. Due to the net operating loss carryforward, tax years 2020 through 2025 remain open to examination by the major taxing jurisdictions to which the Company is subject.
XML 28 R17.htm IDEA: XBRL DOCUMENT v3.26.1
Earnings (Loss) Per Share
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share Earnings (Loss) Per Share
The following is a reconciliation of basic and diluted earnings (loss) per common share (in thousands, except share and per-share data):
 For the three months ended
March 31,
 20262025
Numerator:
Net income (loss) attributable to common shareholders$(29,701)$(43,578)
Less: Dividends paid on unvested share-based compensation(7)(9)
Net income (loss) available to common shareholders — basic and diluted$(29,708)$(43,587)
Denominator:
Weighted-average number of common shares — basic and diluted113,331,501 119,204,243 
Net income (loss) per share available to common shareholders — basic and diluted$(0.26)$(0.37)
For the three months ended March 31, 2026 and 2025, 1,453,598 and 1,390,560, respectively, of unvested service condition restricted shares and performance-based equity awards were excluded from diluted weighted-average number of common shares, as their effect would have been anti-dilutive.
For the three months ended March 31, 2026 and 2025, 13,739,215 and 29,441,175, respectively, of common shares underlying the Convertible Notes 2026 have been excluded from diluted shares as their effect would have been anti-dilutive.
The LTIP and OP units held by the non-controlling interest holders have been excluded from the denominator of the diluted earnings per share as there would be no effect on the amounts since the limited partners' share of income (loss) would also be added or subtracted to derive net income (loss) available to common shareholders.
XML 29 R18.htm IDEA: XBRL DOCUMENT v3.26.1
Commitments and Contingencies
3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Hotel Management Agreements
The Company's hotel properties are operated pursuant to management agreements with various management companies. The remaining terms of these management agreements are up to eight years, not including renewals, and up to 26 years, including renewals. The majority of the Company's management agreements are terminable at will by the Company upon paying a termination fee and some are terminable by the Company upon sale of the property, with, in some cases, the payment of termination fees. Most of the agreements also provide the Company the ability to terminate based on failure to achieve defined operating performance thresholds. Termination fees range from zero to up to three times the annual base management and incentive management fees, depending on the agreement and the reason for termination. Certain of the Company's management agreements are non-terminable except upon the manager's breach of a material representation or the manager's failure to meet performance thresholds as defined in the management agreement.
The management agreements require the payment of a base management fee generally between 1% and 4% of hotel revenues. Under certain management agreements, the management companies are also eligible to receive an incentive management fee if hotel operating income, cash flows or other performance measures, as defined in the agreements, exceed certain performance thresholds. The incentive management fee is generally calculated as a percentage of hotel operating income after the Company has received a priority return on its investment in the hotel.
For the three months ended March 31, 2026 and 2025, combined base and incentive management fees were $8.4 million and $7.6 million, respectively. Base and incentive management fees are included in other direct and indirect expenses in the Company's accompanying consolidated statements of operations and comprehensive income.
Reserve Funds
Certain of the Company's agreements with its hotel managers, franchisors, ground lessors and lenders have provisions for the Company to provide funds, typically 4.0% of hotel revenues, sufficient to cover the cost of (a) certain non-routine repairs and maintenance to the hotels and (b) replacements and renewals to the hotels' furniture, fixtures and equipment.
Restricted Cash
At March 31, 2026 and December 31, 2025, the Company had $8.4 million and $12.0 million, respectively, in restricted cash, which consisted of funds held in cash management accounts held by a lender, reserves for replacement of furniture and fixtures, and reserves to pay for real estate taxes, ground rent or property insurance under certain hotel management agreements or loan agreements.
Long-Term Property Operating and Finance Leases
At March 31, 2026, the following hotels were subject to leases as follows:
Lease PropertiesLease TypeLease Expiration Date
Restaurant at Southernmost Beach Resort
Operating leaseApril 2029
Paradise Point Resort & SpaOperating leaseMay 2050
Harbor Court Hotel San FranciscoFinance leaseAugust 2052
Hotel Monaco Washington DCOperating leaseNovember 2059
Argonaut HotelOperating leaseDecember 2059
Hotel Zephyr Fisherman's Wharf and Retail
Operating leaseFebruary 2062
Viceroy Santa Monica HotelOperating leaseSeptember 2065
Estancia La Jolla Hotel & SpaOperating leaseJanuary 2066
San Diego Mission Bay ResortOperating leaseJuly 2068
1 Hotel San FranciscoOperating leaseMarch 2070
(1)
Hyatt Regency Boston HarborOperating leaseApril 2077
The Westin Copley Place, BostonOperating leaseDecember 2077
(2)
The Liberty, a Luxury Collection Hotel, BostonOperating leaseMay 2080
Jekyll Island Club Resort and Restaurant
Operating leaseJanuary 2089
Hotel Zeppelin San Francisco
Operating and finance leaseJune 2089
(4)
Hotel Zelos San FranciscoOperating leaseJune 2097
Hotel Palomar Los Angeles Beverly HillsOperating leaseJanuary 2107
(3)
Margaritaville Hollywood Beach ResortOperating leaseJuly 2112
______________________
(1)     The expiration date assumes the exercise of a 14-year extension option.
(2)     No payments are required through maturity.
(3)     The expiration date assumes the exercise of all 19 five-year extension options.
(4)     This property consists of a 116-guest room building, which is owned in fee simple, and an adjoining building with 80 guest rooms, which is subject to a lease agreement. The expiration date assumes the exercise of a 30-year extension option.
The Company's leases may require minimum fixed rent payments, percentage rent payments based on a percentage of revenues in excess of certain thresholds or rent payments equal to the greater of a minimum fixed rent or percentage rent. Minimum fixed rent may be adjusted annually by increases in the consumer price index and may be subject to minimum and maximum increases. Some leases also contain certain restrictions on modifications that can be made to the hotel structures due to their status as national historic landmarks.
The Company records expense on a straight-line basis for leases that provide for minimum rental payments that increase in pre-established amounts over the remaining terms of the leases. Ground rent expense is included in real estate taxes, personal property taxes, property insurance and ground rent in the Company's accompanying consolidated statements of operations and comprehensive income.
The components of ground rent expense for the three months ended March 31, 2026 and 2025 are as follows (in thousands):
For the three months ended
March 31,
20262025
Fixed ground rent $5,156 $4,810 
Variable ground rent4,803 4,186 
Total ground rent$9,959 $8,996 
Litigation
The nature of the operations of hotels exposes the Company's hotels, the Company and the Operating Partnership to the risk of claims and litigation in the normal course of their business. The Company has insurance to cover certain potential material losses. The Company is not presently subject to any material litigation nor, to the Company's knowledge, is any material litigation threatened against the Company.
XML 30 R19.htm IDEA: XBRL DOCUMENT v3.26.1
Supplemental Information to Statements of Cash Flows
3 Months Ended
Mar. 31, 2026
Supplemental Cash Flow Elements [Abstract]  
Supplemental Information to Statements of Cash Flows Supplemental Information to Statements of Cash Flows (in thousands)
 For the three months ended
March 31,
 20262025
Interest paid, net of capitalized interest$15,742 $15,445 
Income taxes paid (refunded)$— $(170)
Non-Cash Investing and Financing Activities:
Distributions payable on common shares/units$1,197 $1,246 
Distributions payable on preferred shares/units$10,414 $10,601 
Issuance of common shares for Board of Trustees compensation$825 $745 
Accrued additions and improvements to hotel properties$1,216 $1,600 
Write-off of fully amortized deferred financing costs$2,173 $— 
Write-down of investment$1,639 $2,662 
XML 31 R20.htm IDEA: XBRL DOCUMENT v3.26.1
Operating Segment Information
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Operating Segment Information Operating Segment Information
The following table presents the Company's segment hotel revenues, Hotel EBITDA, including significant hotel expenses and its reconciliation to net income (loss) for the three months ended March 31, 2026 and 2025 (in thousands):
For the three months ended
March 31,
20262025
Revenues:
Total revenues$345,656 $320,266 
Less: Corporate and other revenues260 378 
Hotel revenues345,396 319,888 
Significant hotel expenses:
Room expenses59,515 58,523 
Food and beverage expenses65,459 64,568 
Hotel general and administrative29,112 29,111 
Hotel sales and marketing22,811 22,955 
Hotel operations and maintenance31,077 30,932 
Hotel management fee8,418 7,949 
Hotel real estate taxes, personal property taxes, property insurance and ground rent33,278 33,047 
Other segment items (1)
13,527 11,976 
Hotel EBITDA82,199 60,827 
Depreciation and amortization(51,979)(57,543)
Interest expense(26,314)(27,133)
Impairment(7,688)— 
Business interruption insurance income— 4,303 
Income tax (expense) benefit17 3,162 
Corporate and other (2)
(14,671)(15,796)
Net income (loss)$(18,436)$(32,180)
______________________
(1)    Other segment items include expenses incurred for parking, spa, franchise fees and other hotel operating expenses.
(2)    Corporate and other include corporate general and administrative and other operating income and expenses.
XML 32 R21.htm IDEA: XBRL DOCUMENT v3.26.1
Insider Trading Arrangements
3 Months Ended
Mar. 31, 2026
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
XML 33 R22.htm IDEA: XBRL DOCUMENT v3.26.1
Summary of Significant Accounting Policies (Policies)
3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Basis of Presentation and Principles of Consolidation
Basis of Presentation and Principles of Consolidation
The accompanying unaudited interim consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and in conformity with the rules and regulations of the U.S. Securities and Exchange Commission ("SEC") applicable to interim financial information. As such, certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been omitted in accordance with the rules and regulations of the SEC. These unaudited consolidated financial statements include all adjustments considered necessary for a fair presentation of the consolidated balance sheets, consolidated statements of operations and comprehensive income, consolidated statements of equity and consolidated statements of cash flows for the periods presented. Interim results are not necessarily indicative of full-year performance, as a result of the impact of seasonal and other short-term variations and the acquisitions and or dispositions of hotel properties. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Company's Annual Report on Form 10-K for the year ended December 31, 2025.
The Company and its subsidiaries are separate legal entities and maintain records and books of account separate and apart from each other. The consolidated financial statements include all of the accounts of the Company and its subsidiaries and are presented in accordance with U.S. GAAP. All significant intercompany balances and transactions have been eliminated in consolidation. Investments in entities that the Company does not control, but over which the Company has the ability to exercise significant influence regarding operating and financial policies, are accounted for under the equity method.
Reclassifications Certain reclassifications have been made to the prior period's financial statements to conform to the current year presentation.
Use of Estimates
Use of Estimates
The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and revenues and expenses. These estimates are prepared using management's best judgment, after considering past, current and expected events and economic conditions. Actual results could differ from these estimates.
Risks and Uncertainties
Risks and Uncertainties
The state of the overall economy can significantly impact hotel operational performance and thus the Company's financial position. Global events, as well as national and local events, may adversely impact travel trends and the operations of the Company's hotels. In addition, inflation and changing interest rates may impact the overall economy and the availability of debt, which may impact the Company's financial position. A decline in travel or a significant increase in costs may also adversely impact the Company's cash flow and ability to service debt or meet other financial obligations.
New Accounting Pronouncements
New Accounting Pronouncements
Disaggregation of Income Statement Expenses
In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses ("ASU 2024-03"). ASU 2024-03 requires public entities to disclose specified information about certain costs and expenses. ASU 2024-03 is effective for annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027, with early adoption permitted. The amendments should be applied either retrospectively to all prior periods presented in the financial statements or prospectively after the adoption date. The Company is currently assessing the impact of adopting ASU 2024-03 on its consolidated financial statements and disclosures.
Induced Conversions of Convertible Debt Instruments
In November 2024, the FASB issued ASU 2024-04, Debt—Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments ("ASU 2024-04"). ASU 2024-04 clarifies the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as induced conversions rather than as debt extinguishments. ASU 2024-04 is effective for annual reporting periods beginning after December 15, 2025, and interim periods within those annual reporting periods, with early adoption permitted. The amendments should be applied either prospectively or retrospectively. The Company adopted ASU 2024-04 on January 1, 2026 on a prospective basis to any future settlements of convertible debt instruments.
Derivatives and Hedging
In November 2025, the FASB issued ASU 2025-09, Derivatives and Hedging (Topic 815): Hedge Accounting Improvements ("ASU 2025-09"). ASU 2025-09 amends existing hedge accounting guidance to improve the alignment of financial reporting with the economics of an entity's risk management activities. ASU 2025-09 is effective for annual reporting periods beginning after December 15, 2026, including interim periods within those annual reporting periods. Early adoption is permitted. The amendments in this update apply to any entity that elects to apply hedge accounting in accordance with Topic 815 and generally are to be adopted on a prospective basis, with an election available to apply the guidance to existing hedging relationships as of the adoption date. The Company adopted ASU 2025-09 on January 1, 2026 on a prospective basis. The adoption did not have a material impact on the Company's consolidated financial statements.
XML 34 R23.htm IDEA: XBRL DOCUMENT v3.26.1
Acquisition and Disposition of Hotel Properties (Tables)
3 Months Ended
Mar. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Hotel Properties Sold
The following table summarizes disposition transactions during 2025 (in thousands):
Hotel Property NameLocationSale DateSale Price
Montrose at Beverly HillsLos Angeles, CANovember 19, 2025$44,250 
The Westin Michigan Avenue ChicagoChicago, ILDecember 3, 202572,000 
2025 Total
$116,250 
XML 35 R24.htm IDEA: XBRL DOCUMENT v3.26.1
Investment in Hotel Properties (Tables)
3 Months Ended
Mar. 31, 2026
Real Estate [Abstract]  
Schedule of Investment in Hotel Properties
Investment in hotel properties as of March 31, 2026 and December 31, 2025 consisted of the following (in thousands):
March 31, 2026December 31, 2025
Land$752,108 $754,384 
Buildings and improvements4,997,277 4,995,530 
Furniture, fixtures and equipment528,695 526,414 
Finance lease asset91,181 91,181 
Construction in progress3,717 1,203 
$6,372,978 $6,368,712 
Right-of-use asset, operating leases351,424 353,873 
Investment in hotel properties$6,724,402 $6,722,585 
Less: Accumulated depreciation(1,749,669)(1,699,128)
Investment in hotel properties, net$4,974,733 $5,023,457 
XML 36 R25.htm IDEA: XBRL DOCUMENT v3.26.1
Debt (Tables)
3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Debt
The Company's debt consisted of the following as of March 31, 2026 and December 31, 2025 (dollars in thousands):
   Balance Outstanding as of
 
Interest Rate at March 31, 2026
Maturity DateMarch 31, 2026December 31, 2025
Unsecured revolving credit facilities
Senior unsecured credit facility
(1)(2)
October 2028$— $— 
PHL unsecured credit facility
(1)
October 2028— — 
Unsecured revolving credit facilities$— $— 
Unsecured term loans
Term Loan 2027
(3)
October 2027— 360,000 
Term Loan 20285.15%
(1)
January 2028356,652 356,652 
Term Loan 20294.91%
(1)
January 2029185,217 185,217 
Term Loan 20315.23%
(1)(3)
February 2031360,000 — 
Unsecured term loans principal$901,869 $901,869 
Convertible senior notes
Convertible Notes 20261.75%December 2026350,000 350,000 
Convertible Notes 20301.63%January 2030400,000 400,000 
Convertible senior notes principal$750,000 $750,000 
Unsecured senior notes principal6.38%October 2029$400,000 $400,000 
Mortgage loans
Margaritaville Hollywood Beach Resort
(4)
September 2026— 40,000 
Estancia La Jolla Hotel & Spa5.07%September 202852,634 53,395 
Mortgage loans principal$52,634 $93,395 
Total debt principal$2,104,503 $2,145,264 
Unamortized debt premium and deferred financing costs, net(25,169)(21,172)
Debt, net$2,079,334 $2,124,092 
______________________
(1)    Borrowings bear interest at floating rates. Interest rate at March 31, 2026 gives effect to interest rate hedges.
(2)    The Company has the option to extend the maturity date for up to two six-month periods, subject to certain terms and conditions and payment of an extension fee.
(3)    In February 2026, the Company extended the maturity date of Term Loan 2027 to February 2031 (the extended loan is referred to as Term Loan 2031).
(4)    In February 2026, the Company paid down the remaining loan balance.
Schedule of Components of Interest Expense
The components of the Company's interest expense consisted of the following for the three months ended March 31, 2026 and 2025 (in thousands):
For the three months ended
March 31,
20262025
Unsecured revolving credit facilities$527 $497 
Unsecured term loans10,963 10,971 
Convertible senior notes3,156 3,281 
Unsecured senior notes
6,375 6,192 
Mortgage loans992 3,163 
Amortization of debt (premium), deferred financing fees and loss on debt extinguishment3,171 1,910 
Other1,130 1,119 
Total interest expense$26,314 $27,133 
Schedule of Future Minimum Principal Payments
As of March 31, 2026, the future minimum principal payments for the Company's debt are as follows (in thousands):
2026$351,740 
20272,440 
2028405,106 
2029585,217 
2030400,000 
Thereafter360,000 
Total debt principal payments$2,104,503 
Unamortized debt premium and deferred financing costs, net(25,169)
Debt, net$2,079,334 
Schedule of Interest Rate Swaps
The Company's interest rate swaps at March 31, 2026 and December 31, 2025 consisted of the following, by maturity date (dollars in thousands):
Aggregate Notional Value as of
Hedge TypeInterest Rate Range (SOFR)MaturityMarch 31, 2026December 31, 2025
Swap-cash flow
3.02% - 3.03%
October 2026$200,000 $200,000 
Swap-cash flow
3.29%
October 2027165,000 165,000 
Swap-cash flow
3.34%
November 2027200,000 200,000 
Swap-cash flow
3.28% - 3.29%
March 2028200,000 — 
Swap-cash flow
3.54% - 3.55%
May 2028100,000 100,000 
Total$865,000 $665,000 
XML 37 R26.htm IDEA: XBRL DOCUMENT v3.26.1
Revenue (Tables)
3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue The following table presents revenues by geographic location for the three months ended March 31, 2026 and 2025 (in thousands):
For the three months ended
March 31,
20262025
Southern Florida/Georgia$89,545 $85,455 
San Diego, CA83,322 75,211 
San Francisco, CA47,481 33,741 
Boston, MA45,336 46,773 
Los Angeles, CA42,302 34,297 
Portland, OR13,549 12,797 
Washington, D.C.12,346 15,000 
Other(1)
11,775 16,992 
Total Revenues$345,656 $320,266 
______________________
(1)     Other includes: Chicago, IL, Newport, RI and Santa Cruz, CA.
XML 38 R27.htm IDEA: XBRL DOCUMENT v3.26.1
Equity (Tables)
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of Dividends Declared
The Company declared the following dividends on common shares/units for the three months ended March 31, 2026:
Dividend per Share/UnitFor the Quarter EndedRecord DatePayable Date
$0.01 March 31, 2026March 31, 2026April 15, 2026
The Company declared the following dividends on preferred shares for the three months ended March 31, 2026:
Security TypeDividend per Share/UnitFor the Quarter EndedRecord DatePayable Date
6.375% Series E
$0.40 March 31, 2026March 31, 2026April 15, 2026
6.30% Series F
$0.39 March 31, 2026March 31, 2026April 15, 2026
6.375% Series G
$0.40 March 31, 2026March 31, 2026April 15, 2026
5.70% Series H
$0.36 March 31, 2026March 31, 2026April 15, 2026
Schedule of Preferred Shares Outstanding
The following preferred shares were outstanding as of March 31, 2026 and December 31, 2025:
Security TypeMarch 31, 2026December 31, 2025
6.375% Series E
4,265,374 4,265,374 
6.30% Series F
5,890,475 5,890,475 
6.375% Series G
9,085,949 9,085,949 
5.70% Series H
7,827,164 7,827,164 
27,068,962 27,068,962 
XML 39 R28.htm IDEA: XBRL DOCUMENT v3.26.1
Share-Based Compensation Plan (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Service Condition Restricted Share Activity The following table provides a summary of service condition restricted share activity for the three months ended March 31, 2026:
SharesWeighted-Average
Grant Date
 Fair Value
Unvested at December 31, 2025
399,625 $15.28 
Granted206,338 $11.91 
Vested(215,397)$16.47 
Unvested at March 31, 2026
390,566 $12.84 
XML 40 R29.htm IDEA: XBRL DOCUMENT v3.26.1
Earnings (Loss) Per Share (Tables)
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Basic and Diluted Earnings Per Common Share
The following is a reconciliation of basic and diluted earnings (loss) per common share (in thousands, except share and per-share data):
 For the three months ended
March 31,
 20262025
Numerator:
Net income (loss) attributable to common shareholders$(29,701)$(43,578)
Less: Dividends paid on unvested share-based compensation(7)(9)
Net income (loss) available to common shareholders — basic and diluted$(29,708)$(43,587)
Denominator:
Weighted-average number of common shares — basic and diluted113,331,501 119,204,243 
Net income (loss) per share available to common shareholders — basic and diluted$(0.26)$(0.37)
XML 41 R30.htm IDEA: XBRL DOCUMENT v3.26.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Hotels Subject to Leases
At March 31, 2026, the following hotels were subject to leases as follows:
Lease PropertiesLease TypeLease Expiration Date
Restaurant at Southernmost Beach Resort
Operating leaseApril 2029
Paradise Point Resort & SpaOperating leaseMay 2050
Harbor Court Hotel San FranciscoFinance leaseAugust 2052
Hotel Monaco Washington DCOperating leaseNovember 2059
Argonaut HotelOperating leaseDecember 2059
Hotel Zephyr Fisherman's Wharf and Retail
Operating leaseFebruary 2062
Viceroy Santa Monica HotelOperating leaseSeptember 2065
Estancia La Jolla Hotel & SpaOperating leaseJanuary 2066
San Diego Mission Bay ResortOperating leaseJuly 2068
1 Hotel San FranciscoOperating leaseMarch 2070
(1)
Hyatt Regency Boston HarborOperating leaseApril 2077
The Westin Copley Place, BostonOperating leaseDecember 2077
(2)
The Liberty, a Luxury Collection Hotel, BostonOperating leaseMay 2080
Jekyll Island Club Resort and Restaurant
Operating leaseJanuary 2089
Hotel Zeppelin San Francisco
Operating and finance leaseJune 2089
(4)
Hotel Zelos San FranciscoOperating leaseJune 2097
Hotel Palomar Los Angeles Beverly HillsOperating leaseJanuary 2107
(3)
Margaritaville Hollywood Beach ResortOperating leaseJuly 2112
______________________
(1)     The expiration date assumes the exercise of a 14-year extension option.
(2)     No payments are required through maturity.
(3)     The expiration date assumes the exercise of all 19 five-year extension options.
(4)     This property consists of a 116-guest room building, which is owned in fee simple, and an adjoining building with 80 guest rooms, which is subject to a lease agreement. The expiration date assumes the exercise of a 30-year extension option.
Schedule of Components of Ground Rent Expense
The components of ground rent expense for the three months ended March 31, 2026 and 2025 are as follows (in thousands):
For the three months ended
March 31,
20262025
Fixed ground rent $5,156 $4,810 
Variable ground rent4,803 4,186 
Total ground rent$9,959 $8,996 
XML 42 R31.htm IDEA: XBRL DOCUMENT v3.26.1
Supplemental Information to Statements of Cash Flows (Tables)
3 Months Ended
Mar. 31, 2026
Supplemental Cash Flow Elements [Abstract]  
Schedule of Supplemental Information to Statements of Cash Flows
 For the three months ended
March 31,
 20262025
Interest paid, net of capitalized interest$15,742 $15,445 
Income taxes paid (refunded)$— $(170)
Non-Cash Investing and Financing Activities:
Distributions payable on common shares/units$1,197 $1,246 
Distributions payable on preferred shares/units$10,414 $10,601 
Issuance of common shares for Board of Trustees compensation$825 $745 
Accrued additions and improvements to hotel properties$1,216 $1,600 
Write-off of fully amortized deferred financing costs$2,173 $— 
Write-down of investment$1,639 $2,662 
XML 43 R32.htm IDEA: XBRL DOCUMENT v3.26.1
Operating Segment Information (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table presents the Company's segment hotel revenues, Hotel EBITDA, including significant hotel expenses and its reconciliation to net income (loss) for the three months ended March 31, 2026 and 2025 (in thousands):
For the three months ended
March 31,
20262025
Revenues:
Total revenues$345,656 $320,266 
Less: Corporate and other revenues260 378 
Hotel revenues345,396 319,888 
Significant hotel expenses:
Room expenses59,515 58,523 
Food and beverage expenses65,459 64,568 
Hotel general and administrative29,112 29,111 
Hotel sales and marketing22,811 22,955 
Hotel operations and maintenance31,077 30,932 
Hotel management fee8,418 7,949 
Hotel real estate taxes, personal property taxes, property insurance and ground rent33,278 33,047 
Other segment items (1)
13,527 11,976 
Hotel EBITDA82,199 60,827 
Depreciation and amortization(51,979)(57,543)
Interest expense(26,314)(27,133)
Impairment(7,688)— 
Business interruption insurance income— 4,303 
Income tax (expense) benefit17 3,162 
Corporate and other (2)
(14,671)(15,796)
Net income (loss)$(18,436)$(32,180)
______________________
(1)    Other segment items include expenses incurred for parking, spa, franchise fees and other hotel operating expenses.
(2)    Corporate and other include corporate general and administrative and other operating income and expenses.
XML 44 R33.htm IDEA: XBRL DOCUMENT v3.26.1
Organization (Details)
Mar. 31, 2026
property
hotelRoom
Noncontrolling Interest [Line Items]  
Number of hotels owned by the company | property 44
Total number of guest rooms | hotelRoom 11,052
Operating Partnership  
Noncontrolling Interest [Line Items]  
Percentage of operating partnership units owned by company 98.80%
Percentage of operating partnership units owned by other limited partners 1.20%
XML 45 R34.htm IDEA: XBRL DOCUMENT v3.26.1
Acquisition and Disposition of Hotel Properties (Details)
$ in Millions
3 Months Ended
Mar. 31, 2026
USD ($)
property
Mar. 31, 2025
USD ($)
property
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]    
Number of properties acquired 0 0
Number of properties sold during period 0 0
Operating loss from disposed properties | $ $ 0.1 $ 5.5
XML 46 R35.htm IDEA: XBRL DOCUMENT v3.26.1
Acquisition and Disposition of Hotel Properties - Disposition of Hotel Properties (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 03, 2025
Nov. 19, 2025
Dec. 31, 2025
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Sale Price     $ 116,250
Montrose at Beverly Hills      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Sale Price   $ 44,250  
The Westin Michigan Avenue Chicago      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Sale Price $ 72,000    
XML 47 R36.htm IDEA: XBRL DOCUMENT v3.26.1
Investment in Hotel Properties - Schedule of Investment in Hotel Properties (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Investment in hotel properties    
Land $ 752,108 $ 754,384
Buildings and improvements 4,997,277 4,995,530
Furniture, fixtures and equipment 528,695 526,414
Finance lease asset 91,181 91,181
Construction in progress 3,717 1,203
Investment in hotel properties, before right-of-use asset, operating leases 6,372,978 6,368,712
Right-of-use asset, operating leases $ 351,424 $ 353,873
Operating lease, right-of-use asset, statement of financial position [extensible enumeration] Investment in hotel properties, net Investment in hotel properties, net
Investment in hotel properties $ 6,724,402 $ 6,722,585
Less: Accumulated depreciation (1,749,669) (1,699,128)
Investment in hotel properties, net $ 4,974,733 $ 5,023,457
XML 48 R37.htm IDEA: XBRL DOCUMENT v3.26.1
Investment in Hotel Properties - Narrative (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2026
USD ($)
property
Mar. 31, 2025
USD ($)
Dec. 31, 2025
USD ($)
Real Estate Properties [Line Items]      
Impairment $ 7,688 $ 0  
Lease liabilities - operating leases 333,030   $ 333,068
Lease liabilities - financing leases $ 44,700   $ 44,600
Finance lease, liability, statement of financial position [extensible enumeration] Accounts Payable and Accrued Liabilities   Accounts Payable and Accrued Liabilities
Hotel      
Real Estate Properties [Line Items]      
Impairment $ 7,700 $ 0  
Number of properties | property 1    
Minimum      
Real Estate Properties [Line Items]      
Operating lease, incremental rate 4.70%    
Maximum      
Real Estate Properties [Line Items]      
Operating lease, incremental rate 7.60%    
XML 49 R38.htm IDEA: XBRL DOCUMENT v3.26.1
Debt - Schedule of Components of Debt (Details)
3 Months Ended
Mar. 31, 2026
USD ($)
extensionOption
Dec. 31, 2025
USD ($)
Oct. 03, 2024
Dec. 01, 2021
Debt Instrument [Line Items]        
Total debt principal $ 2,104,503,000 $ 2,145,264,000    
Unamortized debt premium and deferred financing costs, net (25,169,000) (21,172,000)    
Debt, net 2,079,334,000 2,124,092,000    
Unsecured term loans | Unsecured revolving credit facilities        
Debt Instrument [Line Items]        
Total debt principal $ 0 0    
Unsecured term loans | Unsecured revolving credit facilities | Senior unsecured credit facility        
Debt Instrument [Line Items]        
Interest rate 0.00%      
Total debt principal $ 0 0    
Number of extensions | extensionOption 2      
Extension term 6 months      
Unsecured term loans | Unsecured revolving credit facilities | PHL unsecured credit facility        
Debt Instrument [Line Items]        
Interest rate 0.00%      
Total debt principal $ 0 0    
Unsecured term loans | Unsecured term loans        
Debt Instrument [Line Items]        
Debt, net $ 901,869,000 901,869,000    
Unsecured term loans | Unsecured term loans | Term Loan 2027        
Debt Instrument [Line Items]        
Interest rate 0.00%      
Total debt principal $ 0 360,000,000    
Unsecured term loans | Unsecured term loans | Term Loan 2028        
Debt Instrument [Line Items]        
Interest rate 5.15%      
Total debt principal $ 356,652,000 356,652,000    
Unsecured term loans | Unsecured term loans | Term Loan 2029        
Debt Instrument [Line Items]        
Interest rate 4.91%      
Total debt principal $ 185,217,000 185,217,000    
Unsecured term loans | Unsecured term loans | Term Loan 2031        
Debt Instrument [Line Items]        
Interest rate 5.23%      
Total debt principal $ 360,000,000 0    
Convertible senior notes        
Debt Instrument [Line Items]        
Total debt principal $ 750,000,000 750,000,000    
Convertible senior notes | Convertible Notes 2026        
Debt Instrument [Line Items]        
Interest rate 1.75%      
Total debt principal $ 350,000,000 350,000,000    
Convertible senior notes | Convertible Notes 2030        
Debt Instrument [Line Items]        
Interest rate 1.625%      
Total debt principal $ 400,000,000 400,000,000    
Unsecured senior notes | Unsecured senior notes principal        
Debt Instrument [Line Items]        
Interest rate 6.38%   6.375%  
Total debt principal $ 400,000,000 400,000,000    
Mortgage loans        
Debt Instrument [Line Items]        
Total debt principal $ 52,634,000 93,395,000    
Mortgage loans | Margaritaville Hollywood Beach Resort        
Debt Instrument [Line Items]        
Interest rate 0.00%      
Total debt principal $ 0 40,000,000    
Mortgage loans | Estancia La Jolla Hotel & Spa        
Debt Instrument [Line Items]        
Interest rate 5.07%     5.07%
Total debt principal $ 52,634,000 $ 53,395,000    
XML 50 R39.htm IDEA: XBRL DOCUMENT v3.26.1
Debt - Narrative (Details)
1 Months Ended 3 Months Ended
Feb. 28, 2026
USD ($)
Mar. 31, 2026
USD ($)
extensionOption
$ / shares
Mar. 31, 2025
USD ($)
Feb. 11, 2026
USD ($)
Dec. 31, 2025
USD ($)
Oct. 03, 2024
USD ($)
Sep. 07, 2023
USD ($)
Oct. 13, 2022
USD ($)
debtInstrument
Dec. 01, 2021
USD ($)
Line of Credit Facility [Line Items]                  
Total debt principal   $ 2,104,503,000     $ 2,145,264,000        
Letters of credit outstanding   8,800,000     7,900,000        
Repayments of long term debt   400,761,000 $ 549,000            
Interest Rate Swaps                  
Line of Credit Facility [Line Items]                  
Derivative instruments, asset position, fair value   3,300,000     700,000        
Derivative instruments, liability position, fair value   0     900,000        
Expected reclassifications in next 12 months   2,600,000              
Convertible senior notes                  
Line of Credit Facility [Line Items]                  
Total debt principal   750,000,000     750,000,000        
Mortgage loans                  
Line of Credit Facility [Line Items]                  
Total debt principal   52,634,000     93,395,000        
Mortgage loans | Estancia La Jolla Hotel & Spa                  
Line of Credit Facility [Line Items]                  
Total debt principal   $ 52,634,000     53,395,000        
Stated interest rate   5.07%             5.07%
Debt issued                 $ 61,700,000
Mortgage loans | Margaritaville Hollywood Beach Resort                  
Line of Credit Facility [Line Items]                  
Total debt principal   $ 0     40,000,000        
Debt issued             $ 140,000,000.0    
Repayments of long term debt $ 40,000,000.0                
Convertible Notes 2026 | Convertible senior notes                  
Line of Credit Facility [Line Items]                  
Total debt principal   $ 350,000,000     350,000,000        
Stated interest rate   1.75%              
Unamortized issuance costs   $ 300,000     400,000        
Election period, prior to maturity date   2 days              
Convertible debt, conversion ratio   0.0392549              
Convertible debt, conversion price (in usd per share) | $ / shares   $ 25.47              
Redemption price percentage   100.00%              
Capped call transaction, upper strike price (in usd per share) | $ / shares   $ 33.0225              
Convertible Notes 2030 | Convertible senior notes                  
Line of Credit Facility [Line Items]                  
Total debt principal   $ 400,000,000     400,000,000        
Stated interest rate   1.625%              
Unamortized issuance costs   $ 9,200,000     9,800,000        
Election period, prior to maturity date   2 days              
Convertible debt, conversion ratio   0.0629129              
Convertible debt, conversion price (in usd per share) | $ / shares   $ 15.89              
Redemption price percentage   100.00%              
Capped call transaction, upper strike price (in usd per share) | $ / shares   $ 20.23              
Unsecured senior notes principal | Unsecured senior notes                  
Line of Credit Facility [Line Items]                  
Total debt principal   $ 400,000,000     400,000,000        
Stated interest rate   6.38%       6.375%      
Debt issued           $ 400,000,000.0      
Unsecured indebtedness, percentage   1.50              
Fixed Rate Debt                  
Line of Credit Facility [Line Items]                  
Estimated fair value of debt   $ 1,200,000,000     1,200,000,000        
Unsecured revolving credit facilities | Unsecured term loans                  
Line of Credit Facility [Line Items]                  
Total debt principal   0     0        
Unsecured revolving credit facilities | Senior unsecured credit facility | Unsecured term loans                  
Line of Credit Facility [Line Items]                  
Maximum borrowing capacity   650,000,000.0           $ 650,000,000.0  
Maximum borrowing capacity potential increase (up to)               $ 970,000,000.0  
Remaining borrowing capacity   $ 641,200,000              
Number of extensions | extensionOption   2              
Extension term   6 months              
Total debt principal   $ 0     0        
Unsecured revolving credit facilities | Senior unsecured credit facility | Unsecured term loans | Minimum                  
Line of Credit Facility [Line Items]                  
Commitment fee percentage   0.20%              
Unsecured revolving credit facilities | Senior unsecured credit facility | Unsecured term loans | Maximum                  
Line of Credit Facility [Line Items]                  
Commitment fee percentage   0.30%              
Unsecured revolving credit facilities | Senior unsecured credit facility | Unsecured term loans | SOFR | Minimum                  
Line of Credit Facility [Line Items]                  
Basis spread on variable rate   1.45%              
Unsecured revolving credit facilities | Senior unsecured credit facility | Unsecured term loans | SOFR | Maximum                  
Line of Credit Facility [Line Items]                  
Basis spread on variable rate   2.50%              
Unsecured revolving credit facilities | Senior unsecured credit facility | Unsecured term loans | Base Rate | Minimum                  
Line of Credit Facility [Line Items]                  
Basis spread on variable rate   0.45%              
Unsecured revolving credit facilities | Senior unsecured credit facility | Unsecured term loans | Base Rate | Maximum                  
Line of Credit Facility [Line Items]                  
Basis spread on variable rate   1.50%              
Unsecured revolving credit facilities | PHL unsecured credit facility | Unsecured term loans                  
Line of Credit Facility [Line Items]                  
Maximum borrowing capacity   $ 20,000,000.0              
Remaining borrowing capacity   20,000,000.0              
Total debt principal   $ 0     0        
Unsecured revolving credit facilities | Senior Unsecured Revolving Credit Facility Due October 2028 | Unsecured term loans                  
Line of Credit Facility [Line Items]                  
Maximum borrowing capacity       $ 48,000,000.0          
Unsecured term loans | Unsecured term loans                  
Line of Credit Facility [Line Items]                  
Debt instrument, number of instruments | debtInstrument               3  
Unsecured term loans | Unsecured term loans | SOFR | Minimum                  
Line of Credit Facility [Line Items]                  
Basis spread on variable rate   1.45%              
Unsecured term loans | Unsecured term loans | SOFR | Maximum                  
Line of Credit Facility [Line Items]                  
Basis spread on variable rate   2.45%              
Unsecured term loans | Unsecured term loans | Base Rate | Minimum                  
Line of Credit Facility [Line Items]                  
Basis spread on variable rate   0.40%              
Unsecured term loans | Unsecured term loans | Base Rate | Maximum                  
Line of Credit Facility [Line Items]                  
Basis spread on variable rate   1.45%              
Unsecured term loans | Term Loan 2027 | Unsecured term loans                  
Line of Credit Facility [Line Items]                  
Maximum borrowing capacity       360,000,000.0          
Total debt principal   $ 0     $ 360,000,000        
Delayed Draw Term Loan (DDTL) | Unsecured term loans                  
Line of Credit Facility [Line Items]                  
Remaining borrowing capacity       $ 90,000,000.0          
Letters of Credit                  
Line of Credit Facility [Line Items]                  
Maximum borrowing capacity   $ 30,000,000.0              
XML 51 R40.htm IDEA: XBRL DOCUMENT v3.26.1
Debt - Schedule of Components of Interest Expense (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Debt Instrument [Line Items]    
Amortization of debt (premium), deferred financing fees and loss on debt extinguishment $ 3,171 $ 1,910
Other 1,130 1,119
Total interest expense 26,314 27,133
Convertible senior notes    
Debt Instrument [Line Items]    
Interest expense, debt 3,156 3,281
Unsecured senior notes    
Debt Instrument [Line Items]    
Interest expense, debt 6,375 6,192
Mortgage loans    
Debt Instrument [Line Items]    
Interest expense, debt 992 3,163
Unsecured revolving credit facilities | Unsecured term loans    
Debt Instrument [Line Items]    
Interest expense, debt 527 497
Unsecured term loans | Unsecured term loans    
Debt Instrument [Line Items]    
Interest expense, debt $ 10,963 $ 10,971
XML 52 R41.htm IDEA: XBRL DOCUMENT v3.26.1
Debt - Future Minimum Principal Payments for Debt (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Debt Disclosure [Abstract]    
2026 $ 351,740  
2027 2,440  
2028 405,106  
2029 585,217  
2030 400,000  
Thereafter 360,000  
Total debt principal payments 2,104,503 $ 2,145,264
Unamortized debt premium and deferred financing costs, net (25,169) (21,172)
Debt, net $ 2,079,334 $ 2,124,092
XML 53 R42.htm IDEA: XBRL DOCUMENT v3.26.1
Debt - Schedule of Interest Rate Swaps (Details) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Interest Rate Swap - October 2026 | Minimum    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Interest rate 3.02%  
Interest Rate Swap - October 2026 | Maximum    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Interest rate 3.03%  
Interest Rate Swap - October 2027    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Interest rate 3.29%  
Interest Rate Swap Due November 2027    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Interest rate 3.34%  
Interest Rate Swap Due March 2028 | Minimum    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Interest rate 3.28%  
Interest Rate Swap Due March 2028 | Maximum    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Interest rate 3.29%  
Interest Rate Swap - May 2028 | Minimum    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Interest rate 3.54%  
Interest Rate Swap - May 2028 | Maximum    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Interest rate 3.55%  
Cash Flow Hedging | Designated as Hedging Instrument | Interest Rate Swaps    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Notional value $ 865,000,000 $ 665,000,000
Cash Flow Hedging | Designated as Hedging Instrument | Interest Rate Swap - October 2026    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Notional value 200,000,000 200,000,000
Cash Flow Hedging | Designated as Hedging Instrument | Interest Rate Swap - October 2027    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Notional value 165,000,000 165,000,000
Cash Flow Hedging | Designated as Hedging Instrument | Interest Rate Swap Due November 2027    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Notional value 200,000,000 200,000,000
Cash Flow Hedging | Designated as Hedging Instrument | Interest Rate Swap Due March 2028    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Notional value 200,000,000 0
Cash Flow Hedging | Designated as Hedging Instrument | Interest Rate Swap - May 2028    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Notional value $ 100,000,000 $ 100,000,000
XML 54 R43.htm IDEA: XBRL DOCUMENT v3.26.1
Revenue - Revenue By Geographic Location (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue from External Customer [Line Items]    
Total revenues $ 345,656 $ 320,266
Southern Florida/Georgia    
Revenue from External Customer [Line Items]    
Total revenues 89,545 85,455
San Diego, CA    
Revenue from External Customer [Line Items]    
Total revenues 83,322 75,211
San Francisco, CA    
Revenue from External Customer [Line Items]    
Total revenues 47,481 33,741
Boston, MA    
Revenue from External Customer [Line Items]    
Total revenues 45,336 46,773
Los Angeles, CA    
Revenue from External Customer [Line Items]    
Total revenues 42,302 34,297
Portland, OR    
Revenue from External Customer [Line Items]    
Total revenues 13,549 12,797
Washington, D.C.    
Revenue from External Customer [Line Items]    
Total revenues 12,346 15,000
Other    
Revenue from External Customer [Line Items]    
Total revenues $ 11,775 $ 16,992
XML 55 R44.htm IDEA: XBRL DOCUMENT v3.26.1
Revenue - Narrative (Details)
Mar. 31, 2026
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-04-01  
Revenue from External Customer [Line Items]  
Expected timing of satisfaction, period 12 months
XML 56 R45.htm IDEA: XBRL DOCUMENT v3.26.1
Equity - Narrative (Details)
$ / shares in Units, $ in Thousands
3 Months Ended
Feb. 05, 2026
shares
Feb. 07, 2025
shares
Feb. 17, 2023
USD ($)
May 11, 2022
$ / shares
shares
Mar. 31, 2026
USD ($)
class
vote
$ / shares
shares
Mar. 31, 2025
USD ($)
shares
Dec. 31, 2025
$ / shares
shares
Oct. 21, 2025
USD ($)
Class of Stock [Line Items]                
Common shares of beneficial interest, authorized (in shares)         500,000,000   500,000,000  
Preferred shares of beneficial interest, authorized (in shares)         100,000,000   100,000,000  
Preferred shares of beneficial interest, par value (in usd per share) | $ / shares         $ 0.01   $ 0.01  
Common unit redemption rights, redemption option, common share conversion basis         1      
Operating partnership units outstanding (in shares)         112,985,227   113,188,134  
LTIP units, outstanding (in shares)         1,338,018   1,154,431  
Preferred stock, outstanding (in shares)         27,068,962   27,068,962  
Long-Term Incentive Partnership ("LTIP") Units                
Class of Stock [Line Items]                
Classes of LTIP units | class         2      
Awards vested (in shares)         1,002,586   710,156  
Long-Term Incentive Partnership ("LTIP") Class B Units                
Class of Stock [Line Items]                
Awards granted (in shares) 183,587 159,594            
Operating Partnership                
Class of Stock [Line Items]                
Operating partnership units outstanding (in shares)         16,291   16,291  
Operating Partnership Units | Inn On Fifth                
Class of Stock [Line Items]                
Asset acquisition, equity interest issued or issuable (in shares)       16,291        
October 2025 Share Repurchase Program | Common Shares                
Class of Stock [Line Items]                
Share repurchase program, authorized amount | $               $ 150,000
Stock repurchased during period, shares (in shares)         405,821      
Repurchase of common shares | $         $ 4,900      
Remaining authorized repurchase amount | $         $ 145,100      
Treasury stock acquired, average cost per share (in usd per share) | $ / shares         $ 12.12      
2023 Share Repurchase Program | Preferred Shares                
Class of Stock [Line Items]                
Stock repurchased during period, shares (in shares)         0      
Remaining authorized repurchase amount | $         $ 74,100      
Common Shares                
Class of Stock [Line Items]                
Number of vote per share | vote         1      
Repurchase of common shares | $         $ 5,900 $ 14,612    
Common Shares | Common Shares                
Class of Stock [Line Items]                
Stock repurchased during period, shares (in shares)         492,314 1,282,621    
Repurchase of common shares | $         $ 5 $ 13    
Series F Preferred Stock                
Class of Stock [Line Items]                
Preferred shares of beneficial interest, redemption price per share (in usd per share) | $ / shares         $ 25.00      
Preferred stock, redemption after change in control         120 days      
Share cap ratio on preferred shares on conversion         2.0649      
Preferred stock, dividend rate, percentage         6.30%      
Preferred stock, outstanding (in shares)         5,890,475   5,890,475  
Series F Preferred Stock | 2023 Share Repurchase Program                
Class of Stock [Line Items]                
Preferred stock, dividend rate, percentage     6.30%          
Series H Preferred Stock                
Class of Stock [Line Items]                
Preferred shares of beneficial interest, redemption price per share (in usd per share) | $ / shares         $ 25.00      
Preferred stock, redemption after change in control         120 days      
Share cap ratio on preferred shares on conversion         2.2311      
Preferred stock, dividend rate, percentage         5.70%      
Preferred stock, outstanding (in shares)         7,827,164   7,827,164  
Series H Preferred Stock | 2023 Share Repurchase Program                
Class of Stock [Line Items]                
Preferred stock, dividend rate, percentage     5.70%          
Series E Preferred Stock                
Class of Stock [Line Items]                
Preferred shares of beneficial interest, redemption price per share (in usd per share) | $ / shares         $ 25.00      
Preferred stock, redemption after change in control         120 days      
Share cap ratio on preferred shares on conversion         1.9372      
Preferred stock, dividend rate, percentage         6.375%      
Preferred stock, outstanding (in shares)         4,265,374   4,265,374  
Series E Preferred Stock | 2023 Share Repurchase Program                
Class of Stock [Line Items]                
Preferred stock, dividend rate, percentage     6.375%          
Series G Preferred Stock                
Class of Stock [Line Items]                
Preferred shares of beneficial interest, redemption price per share (in usd per share) | $ / shares         $ 25.00      
Preferred stock, redemption after change in control         120 days      
Share cap ratio on preferred shares on conversion         2.1231      
Preferred stock, dividend rate, percentage         6.375%      
Preferred stock, outstanding (in shares)         9,085,949   9,085,949  
Series G Preferred Stock | 2023 Share Repurchase Program                
Class of Stock [Line Items]                
Preferred stock, dividend rate, percentage     6.375%          
Preferred Shares | 2023 Share Repurchase Program                
Class of Stock [Line Items]                
Share repurchase program, authorized amount | $     $ 100,000          
Series Z Preferred Stock                
Class of Stock [Line Items]                
Preferred stock, dividend rate, percentage       6.00%        
Common unit redemption rights, redemption option, common share conversion basis       1        
Preferred stock, liquidation preference (in usd per share) | $ / shares       $ 25.00        
Series Z Preferred Stock | Operating Partnership                
Class of Stock [Line Items]                
Preferred stock, outstanding (in shares)         3,104,400   3,104,400  
Series Z Preferred Stock | Inn On Fifth                
Class of Stock [Line Items]                
Asset acquisition, equity interest issued or issuable (in shares)       3,104,400        
XML 57 R46.htm IDEA: XBRL DOCUMENT v3.26.1
Equity - Schedule of Common Dividends (Details)
3 Months Ended
Mar. 31, 2026
$ / shares
Equity [Abstract]  
Dividend (in usd per share) $ 0.01
XML 58 R47.htm IDEA: XBRL DOCUMENT v3.26.1
Equity - Schedule of Preferred Stock Outstanding and Dividends (Details) - $ / shares
3 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Class of Stock [Line Items]    
Preferred stock, outstanding (in shares) 27,068,962 27,068,962
6.375% Series E    
Class of Stock [Line Items]    
Preferred stock, dividend rate, percentage 6.375%  
Preferred stock, outstanding (in shares) 4,265,374 4,265,374
Dividend per share/unit (in usd per share) $ 0.40  
6.30% Series F    
Class of Stock [Line Items]    
Preferred stock, dividend rate, percentage 6.30%  
Preferred stock, outstanding (in shares) 5,890,475 5,890,475
Dividend per share/unit (in usd per share) $ 0.39  
Series G Preferred Stock    
Class of Stock [Line Items]    
Preferred stock, dividend rate, percentage 6.375%  
Preferred stock, outstanding (in shares) 9,085,949 9,085,949
Dividend per share/unit (in usd per share) $ 0.40  
Series H Preferred Stock    
Class of Stock [Line Items]    
Preferred stock, dividend rate, percentage 5.70%  
Preferred stock, outstanding (in shares) 7,827,164 7,827,164
Dividend per share/unit (in usd per share) $ 0.36  
XML 59 R48.htm IDEA: XBRL DOCUMENT v3.26.1
Share-Based Compensation Plan - Narrative (Details)
$ / shares in Units, $ in Millions
3 Months Ended
Feb. 05, 2026
USD ($)
$ / shares
shares
Feb. 07, 2025
shares
Mar. 31, 2026
USD ($)
class
$ / shares
shares
Mar. 31, 2025
USD ($)
Dec. 31, 2025
$ / shares
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Common shares available for issuance under the Plan (in shares)     3,468,815    
LTIP units, outstanding (in shares)     1,338,018   1,154,431
Service Condition Share Awards          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Compensation expense | $     $ 0.6 $ 0.7  
Awards granted (in shares)     206,338    
Fair value of award on grant date (in usd per share) | $ / shares     $ 12.84   $ 15.28
Performance-Based Equity Awards          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Compensation expense | $     $ 1.3 1.3  
Awards granted (in shares) 393,872        
Long-Term Incentive Partnership ("LTIP") Units          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Compensation expense | $     $ 0.5 $ 1.2  
Classes of LTIP units | class     2    
Awards vested (in shares)     1,002,586   710,156
Long-Term Incentive Partnership ("LTIP") Class B Units          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Awards granted (in shares) 183,587 159,594      
Fair value of award on grant date (in usd per share) | $ / shares $ 11.89        
Aggregate grant date fair value | $ $ 2.2        
Minimum          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Award vesting period     3 years    
Minimum | Service Condition Share Awards          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Award vesting period     3 years    
Minimum | Performance-Based Equity Awards          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Performance target percentage 0.00%        
Maximum          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Award vesting period     5 years    
Maximum | Service Condition Share Awards          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Award vesting period     5 years    
Maximum | Performance-Based Equity Awards          
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]          
Performance target percentage 200.00%        
XML 60 R49.htm IDEA: XBRL DOCUMENT v3.26.1
Share-Based Compensation Plan - Schedule of Service Condition Restricted Share Activity (Details) - Service Condition Share Awards
3 Months Ended
Mar. 31, 2026
$ / shares
shares
Shares  
Unvested beginning balance (in shares) | shares 399,625
Granted (in shares) | shares 206,338
Vested (in shares) | shares (215,397)
Unvested ending balance (in shares) | shares 390,566
Weighted-Average Grant Date Fair Value  
Unvested beginning balance (in usd per share) | $ / shares $ 15.28
Granted (in usd per share) | $ / shares 11.91
Vested (in usd per share) | $ / shares 16.47
Unvested ending balance (in usd per share) | $ / shares $ 12.84
XML 61 R50.htm IDEA: XBRL DOCUMENT v3.26.1
Earnings (Loss) Per Share - Schedule of Reconciliation of Basic and Diluted EPS (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Numerator:    
Net income (loss) attributable to common shareholders $ (29,701) $ (43,578)
Less: Dividends paid on unvested share-based compensation (7) (9)
Net income (loss) available to common shareholders - basic (29,708) (43,587)
Net income (loss) available to common stockholders - diluted $ (29,708) $ (43,587)
Denominator:    
Weighted-average number of common shares — basic (in shares) 113,331,501 119,204,243
Weighted-average number of common shares — diluted (in shares) 113,331,501 119,204,243
Net income (loss) per share available to common shareholders — basic (in usd per share) $ (0.26) $ (0.37)
Net income (loss) per share available to common shareholders — diluted (in usd per share) $ (0.26) $ (0.37)
XML 62 R51.htm IDEA: XBRL DOCUMENT v3.26.1
Earnings (Loss) Per Share - Narrative (Details) - shares
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Restricted and Performance Based Shares    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from computation of earnings per share (in shares) 1,453,598 1,390,560
Convertible Debt Securities    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from computation of earnings per share (in shares) 13,739,215 29,441,175
XML 63 R52.htm IDEA: XBRL DOCUMENT v3.26.1
Commitments and Contingencies - Narrative (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2026
USD ($)
Mar. 31, 2025
USD ($)
Dec. 31, 2025
USD ($)
Management Agreements [Line Items]      
Combined base and incentive management fees $ 8,400 $ 7,600  
Reserve funds allowed for hotel maintenance from hotel revenue 4.00%    
Restricted cash $ 8,396   $ 12,018
Maximum      
Management Agreements [Line Items]      
Terms of management agreements not including renewals 8 years    
Terms of management agreements including renewals 26 years    
Termination fees range 3    
Base management fee from hotel revenues 4.00%    
Minimum      
Management Agreements [Line Items]      
Termination fees range 0    
Base management fee from hotel revenues 1.00%    
XML 64 R53.htm IDEA: XBRL DOCUMENT v3.26.1
Commitments and Contingencies - Schedule of Hotel Subject to Leases (Details)
3 Months Ended
Mar. 31, 2026
extensionOption
hotelRoom
Management Agreements [Line Items]  
Total number of guest rooms 11,052
1 Hotel San Francisco  
Management Agreements [Line Items]  
Extension term 14 years
Hotel Palomar Los Angeles Beverly Hills  
Management Agreements [Line Items]  
Number of extension options | extensionOption 19
Term of extension option 5 years
Hotel Zeppelin San Francisco  
Management Agreements [Line Items]  
Total number of guest rooms 116
Number of rooms in adjoining building subject to lease agreement 80
Renewal term 30 years
XML 65 R54.htm IDEA: XBRL DOCUMENT v3.26.1
Commitments and Contingencies - Schedule of Components of Ground Leases (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]    
Fixed ground rent $ 5,156 $ 4,810
Variable ground rent 4,803 4,186
Total ground rent $ 9,959 $ 8,996
XML 66 R55.htm IDEA: XBRL DOCUMENT v3.26.1
Supplemental Information to Statements of Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Non Cash Investing and Financing Information [Line Items]      
Interest paid, net of capitalized interest $ 15,742 $ 15,445  
Income taxes paid (refunded) 0 (170)  
Non-Cash Investing and Financing Activities:      
Distributions payable on shares/units 11,611   $ 11,639
Accrued additions and improvements to hotel properties 1,216 1,600  
Write-off of fully amortized deferred financing costs 2,173 0  
Write-down of investment 1,639 2,662  
Board of Trustees Compensation      
Non-Cash Investing and Financing Activities:      
Issuance of shares/units 825 745  
Common Shares/Units      
Non-Cash Investing and Financing Activities:      
Distributions payable on shares/units 1,197 1,246  
Preferred Shares/Units      
Non-Cash Investing and Financing Activities:      
Distributions payable on shares/units $ 10,414 $ 10,601  
XML 67 R56.htm IDEA: XBRL DOCUMENT v3.26.1
Operating Segment Information (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting [Abstract]    
Number Of Reportable Segments Not Disclosed Flag Company's segment  
Segment Reporting Information [Line Items]    
Total revenues $ 345,656 $ 320,266
Significant hotel expenses:    
Total hotel operating expenses 232,088 227,214
Hotel real estate taxes, personal property taxes, property insurance and ground rent 32,791 33,273
Depreciation and amortization (51,979) (57,543)
Interest expense (26,314) (27,133)
Impairment (7,688) 0
Business interruption insurance income 0 4,303
Income tax (expense) benefit 17 3,162
Net income (loss) (18,436) (32,180)
Corporate and Other    
Segment Reporting Information [Line Items]    
Total revenues 260 378
Significant hotel expenses:    
Hotel general and administrative 14,671 15,796
Corporate and other (14,671) (15,796)
Room    
Segment Reporting Information [Line Items]    
Total revenues 214,525 197,010
Significant hotel expenses:    
Total hotel operating expenses 59,515 58,523
Food and beverage    
Segment Reporting Information [Line Items]    
Total revenues 91,143 86,310
Significant hotel expenses:    
Total hotel operating expenses 65,459 64,568
Reportable Segment | Operating Segments    
Segment Reporting Information [Line Items]    
Total revenues 345,396 319,888
Significant hotel expenses:    
Hotel general and administrative 29,112 29,111
Hotel sales and marketing 22,811 22,955
Hotel operations and maintenance 31,077 30,932
Hotel management fee 8,418 7,949
Hotel real estate taxes, personal property taxes, property insurance and ground rent 33,278 33,047
Other segment items 13,527 11,976
Hotel EBITDA 82,199 60,827
Depreciation and amortization (51,979) (57,543)
Interest expense (26,314) (27,133)
Impairment (7,688) 0
Business interruption insurance income 0 4,303
Income tax (expense) benefit 17 3,162
Corporate and other (29,112) (29,111)
Reportable Segment | Room | Operating Segments    
Significant hotel expenses:    
Total hotel operating expenses 59,515 58,523
Reportable Segment | Food and beverage | Operating Segments    
Significant hotel expenses:    
Total hotel operating expenses $ 65,459 $ 64,568
XML 68 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ .report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } .report table.authRefData a { display: block; font-weight: bold; } .report table.authRefData p { margin-top: 0px; } .report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } .report table.authRefData .hide a:hover { background-color: #2F4497; } .report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } .report table.authRefData table{ font-size: 1em; } /* Report Styles */ .pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ .report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } .report hr { border: 1px solid #acf; } /* Top labels */ .report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } .report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } .report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } .report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } .report td.pl div.a { width: 200px; } .report td.pl a:hover { background-color: #ffc; } /* Header rows... */ .report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ .report .rc { background-color: #f0f0f0; } /* Even rows... */ .report .re, .report .reu { background-color: #def; } .report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ .report .ro, .report .rou { background-color: white; } .report .rou td { border-bottom: 1px solid black; } .report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ .report .fn { white-space: nowrap; } /* styles for numeric types */ .report .num, .report .nump { text-align: right; white-space: nowrap; } .report .nump { padding-left: 2em; } .report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ .report .text { text-align: left; white-space: normal; } .report .text .big { margin-bottom: 1em; width: 17em; } .report .text .more { display: none; } .report .text .note { font-style: italic; font-weight: bold; } .report .text .small { width: 10em; } .report sup { font-style: italic; } .report .outerFootnotes { font-size: 1em; } XML 69 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 71 FilingSummary.xml IDEA: XBRL DOCUMENT 3.26.1 html 253 276 1 false 82 0 false 10 false false R1.htm 0000001 - Document - Cover Page Sheet http://www.pebblebrookhotels.com/role/CoverPage Cover Page Cover 1 false false R2.htm 9952151 - Statement - Consolidated Balance Sheets Sheet http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets Consolidated Balance Sheets Statements 2 false false R3.htm 9952152 - Statement - Consolidated Balance Sheets (Parenthetical) Sheet http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheetsParenthetical Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 9952153 - Statement - Consolidated Statements of Operations and Comprehensive Income Sheet http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome Consolidated Statements of Operations and Comprehensive Income Statements 4 false false R5.htm 9952154 - Statement - Consolidated Statements of Operations and Comprehensive Income - Continued Sheet http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncomeContinued Consolidated Statements of Operations and Comprehensive Income - Continued Statements 5 false false R6.htm 9952155 - Statement - Consolidated Statements of Equity Sheet http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity Consolidated Statements of Equity Statements 6 false false R7.htm 9952156 - Statement - Consolidated Statements of Cash Flows Sheet http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows Consolidated Statements of Cash Flows Statements 7 false false R8.htm 9952157 - Disclosure - Organization Sheet http://www.pebblebrookhotels.com/role/Organization Organization Notes 8 false false R9.htm 9952158 - Disclosure - Summary of Significant Accounting Policies Sheet http://www.pebblebrookhotels.com/role/SummaryofSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 9 false false R10.htm 9952159 - Disclosure - Acquisition and Disposition of Hotel Properties Sheet http://www.pebblebrookhotels.com/role/AcquisitionandDispositionofHotelProperties Acquisition and Disposition of Hotel Properties Notes 10 false false R11.htm 9952160 - Disclosure - Investment in Hotel Properties Sheet http://www.pebblebrookhotels.com/role/InvestmentinHotelProperties Investment in Hotel Properties Notes 11 false false R12.htm 9952161 - Disclosure - Debt Sheet http://www.pebblebrookhotels.com/role/Debt Debt Notes 12 false false R13.htm 9952162 - Disclosure - Revenue Sheet http://www.pebblebrookhotels.com/role/Revenue Revenue Notes 13 false false R14.htm 9952163 - Disclosure - Equity Sheet http://www.pebblebrookhotels.com/role/Equity Equity Notes 14 false false R15.htm 9952164 - Disclosure - Share-Based Compensation Plan Sheet http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlan Share-Based Compensation Plan Notes 15 false false R16.htm 9952165 - Disclosure - Income Taxes Sheet http://www.pebblebrookhotels.com/role/IncomeTaxes Income Taxes Notes 16 false false R17.htm 9952166 - Disclosure - Earnings (Loss) Per Share Sheet http://www.pebblebrookhotels.com/role/EarningsLossPerShare Earnings (Loss) Per Share Notes 17 false false R18.htm 9952167 - Disclosure - Commitments and Contingencies Sheet http://www.pebblebrookhotels.com/role/CommitmentsandContingencies Commitments and Contingencies Notes 18 false false R19.htm 9952168 - Disclosure - Supplemental Information to Statements of Cash Flows Sheet http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlows Supplemental Information to Statements of Cash Flows Notes 19 false false R20.htm 9952169 - Disclosure - Operating Segment Information Sheet http://www.pebblebrookhotels.com/role/OperatingSegmentInformation Operating Segment Information Notes 20 false false R21.htm 995445 - Disclosure - Insider Trading Arrangements Sheet http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements Insider Trading Arrangements Notes 21 false false R22.htm 9955511 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://www.pebblebrookhotels.com/role/SummaryofSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://www.pebblebrookhotels.com/role/SummaryofSignificantAccountingPolicies 22 false false R23.htm 9955512 - Disclosure - Acquisition and Disposition of Hotel Properties (Tables) Sheet http://www.pebblebrookhotels.com/role/AcquisitionandDispositionofHotelPropertiesTables Acquisition and Disposition of Hotel Properties (Tables) Tables http://www.pebblebrookhotels.com/role/AcquisitionandDispositionofHotelProperties 23 false false R24.htm 9955513 - Disclosure - Investment in Hotel Properties (Tables) Sheet http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesTables Investment in Hotel Properties (Tables) Tables http://www.pebblebrookhotels.com/role/InvestmentinHotelProperties 24 false false R25.htm 9955514 - Disclosure - Debt (Tables) Sheet http://www.pebblebrookhotels.com/role/DebtTables Debt (Tables) Tables http://www.pebblebrookhotels.com/role/Debt 25 false false R26.htm 9955515 - Disclosure - Revenue (Tables) Sheet http://www.pebblebrookhotels.com/role/RevenueTables Revenue (Tables) Tables http://www.pebblebrookhotels.com/role/Revenue 26 false false R27.htm 9955516 - Disclosure - Equity (Tables) Sheet http://www.pebblebrookhotels.com/role/EquityTables Equity (Tables) Tables http://www.pebblebrookhotels.com/role/Equity 27 false false R28.htm 9955517 - Disclosure - Share-Based Compensation Plan (Tables) Sheet http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanTables Share-Based Compensation Plan (Tables) Tables http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlan 28 false false R29.htm 9955518 - Disclosure - Earnings (Loss) Per Share (Tables) Sheet http://www.pebblebrookhotels.com/role/EarningsLossPerShareTables Earnings (Loss) Per Share (Tables) Tables http://www.pebblebrookhotels.com/role/EarningsLossPerShare 29 false false R30.htm 9955519 - Disclosure - Commitments and Contingencies (Tables) Sheet http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesTables Commitments and Contingencies (Tables) Tables http://www.pebblebrookhotels.com/role/CommitmentsandContingencies 30 false false R31.htm 9955520 - Disclosure - Supplemental Information to Statements of Cash Flows (Tables) Sheet http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlowsTables Supplemental Information to Statements of Cash Flows (Tables) Tables http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlows 31 false false R32.htm 9955521 - Disclosure - Operating Segment Information (Tables) Sheet http://www.pebblebrookhotels.com/role/OperatingSegmentInformationTables Operating Segment Information (Tables) Tables http://www.pebblebrookhotels.com/role/OperatingSegmentInformation 32 false false R33.htm 9955522 - Disclosure - Organization (Details) Sheet http://www.pebblebrookhotels.com/role/OrganizationDetails Organization (Details) Details http://www.pebblebrookhotels.com/role/Organization 33 false false R34.htm 9955523 - Disclosure - Acquisition and Disposition of Hotel Properties (Details) Sheet http://www.pebblebrookhotels.com/role/AcquisitionandDispositionofHotelPropertiesDetails Acquisition and Disposition of Hotel Properties (Details) Details http://www.pebblebrookhotels.com/role/AcquisitionandDispositionofHotelPropertiesTables 34 false false R35.htm 9955524 - Disclosure - Acquisition and Disposition of Hotel Properties - Disposition of Hotel Properties (Details) Sheet http://www.pebblebrookhotels.com/role/AcquisitionandDispositionofHotelPropertiesDispositionofHotelPropertiesDetails Acquisition and Disposition of Hotel Properties - Disposition of Hotel Properties (Details) Details 35 false false R36.htm 9955525 - Disclosure - Investment in Hotel Properties - Schedule of Investment in Hotel Properties (Details) Sheet http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesScheduleofInvestmentinHotelPropertiesDetails Investment in Hotel Properties - Schedule of Investment in Hotel Properties (Details) Details 36 false false R37.htm 9955526 - Disclosure - Investment in Hotel Properties - Narrative (Details) Sheet http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesNarrativeDetails Investment in Hotel Properties - Narrative (Details) Details 37 false false R38.htm 9955527 - Disclosure - Debt - Schedule of Components of Debt (Details) Sheet http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails Debt - Schedule of Components of Debt (Details) Details 38 false false R39.htm 9955528 - Disclosure - Debt - Narrative (Details) Sheet http://www.pebblebrookhotels.com/role/DebtNarrativeDetails Debt - Narrative (Details) Details 39 false false R40.htm 9955529 - Disclosure - Debt - Schedule of Components of Interest Expense (Details) Sheet http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofInterestExpenseDetails Debt - Schedule of Components of Interest Expense (Details) Details 40 false false R41.htm 9955530 - Disclosure - Debt - Future Minimum Principal Payments for Debt (Details) Sheet http://www.pebblebrookhotels.com/role/DebtFutureMinimumPrincipalPaymentsforDebtDetails Debt - Future Minimum Principal Payments for Debt (Details) Details 41 false false R42.htm 9955531 - Disclosure - Debt - Schedule of Interest Rate Swaps (Details) Sheet http://www.pebblebrookhotels.com/role/DebtScheduleofInterestRateSwapsDetails Debt - Schedule of Interest Rate Swaps (Details) Details 42 false false R43.htm 9955532 - Disclosure - Revenue - Revenue By Geographic Location (Details) Sheet http://www.pebblebrookhotels.com/role/RevenueRevenueByGeographicLocationDetails Revenue - Revenue By Geographic Location (Details) Details 43 false false R44.htm 9955533 - Disclosure - Revenue - Narrative (Details) Sheet http://www.pebblebrookhotels.com/role/RevenueNarrativeDetails Revenue - Narrative (Details) Details 44 false false R45.htm 9955534 - Disclosure - Equity - Narrative (Details) Sheet http://www.pebblebrookhotels.com/role/EquityNarrativeDetails Equity - Narrative (Details) Details 45 false false R46.htm 9955535 - Disclosure - Equity - Schedule of Common Dividends (Details) Sheet http://www.pebblebrookhotels.com/role/EquityScheduleofCommonDividendsDetails Equity - Schedule of Common Dividends (Details) Details 46 false false R47.htm 9955536 - Disclosure - Equity - Schedule of Preferred Stock Outstanding and Dividends (Details) Sheet http://www.pebblebrookhotels.com/role/EquityScheduleofPreferredStockOutstandingandDividendsDetails Equity - Schedule of Preferred Stock Outstanding and Dividends (Details) Details 47 false false R48.htm 9955537 - Disclosure - Share-Based Compensation Plan - Narrative (Details) Sheet http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanNarrativeDetails Share-Based Compensation Plan - Narrative (Details) Details 48 false false R49.htm 9955538 - Disclosure - Share-Based Compensation Plan - Schedule of Service Condition Restricted Share Activity (Details) Sheet http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanScheduleofServiceConditionRestrictedShareActivityDetails Share-Based Compensation Plan - Schedule of Service Condition Restricted Share Activity (Details) Details 49 false false R50.htm 9955539 - Disclosure - Earnings (Loss) Per Share - Schedule of Reconciliation of Basic and Diluted EPS (Details) Sheet http://www.pebblebrookhotels.com/role/EarningsLossPerShareScheduleofReconciliationofBasicandDilutedEPSDetails Earnings (Loss) Per Share - Schedule of Reconciliation of Basic and Diluted EPS (Details) Details http://www.pebblebrookhotels.com/role/EarningsLossPerShareTables 50 false false R51.htm 9955540 - Disclosure - Earnings (Loss) Per Share - Narrative (Details) Sheet http://www.pebblebrookhotels.com/role/EarningsLossPerShareNarrativeDetails Earnings (Loss) Per Share - Narrative (Details) Details http://www.pebblebrookhotels.com/role/EarningsLossPerShareTables 51 false false R52.htm 9955541 - Disclosure - Commitments and Contingencies - Narrative (Details) Sheet http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesNarrativeDetails Commitments and Contingencies - Narrative (Details) Details 52 false false R53.htm 9955542 - Disclosure - Commitments and Contingencies - Schedule of Hotel Subject to Leases (Details) Sheet http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesScheduleofHotelSubjecttoLeasesDetails Commitments and Contingencies - Schedule of Hotel Subject to Leases (Details) Details 53 false false R54.htm 9955543 - Disclosure - Commitments and Contingencies - Schedule of Components of Ground Leases (Details) Sheet http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesScheduleofComponentsofGroundLeasesDetails Commitments and Contingencies - Schedule of Components of Ground Leases (Details) Details 54 false false R55.htm 9955544 - Disclosure - Supplemental Information to Statements of Cash Flows (Details) Sheet http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlowsDetails Supplemental Information to Statements of Cash Flows (Details) Details http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlowsTables 55 false false R56.htm 9955545 - Disclosure - Operating Segment Information (Details) Sheet http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails Operating Segment Information (Details) Details http://www.pebblebrookhotels.com/role/OperatingSegmentInformationTables 56 false false All Reports Book All Reports peb-20260331.htm peb-20260331.xsd peb-20260331_cal.xml peb-20260331_def.xml peb-20260331_lab.xml peb-20260331_pre.xml http://fasb.org/srt/2025 http://fasb.org/us-gaap/2025 http://xbrl.sec.gov/dei/2025 http://xbrl.sec.gov/ecd/2025 true true JSON 74 MetaLinks.json IDEA: XBRL DOCUMENT { "version": "2.2", "instance": { "peb-20260331.htm": { "nsprefix": "peb", "nsuri": "http://www.pebblebrookhotels.com/20260331", "dts": { "inline": { "local": [ "peb-20260331.htm" ] }, "schema": { "local": [ "peb-20260331.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/reference-2009-12-16.xsd", "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd", "https://www.xbrl.org/2023/calculation-1.1.xsd", "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd", "https://www.xbrl.org/dtr/type/2024-01-31/types.xsd", "https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd", "https://xbrl.fasb.org/srt/2025/elts/srt-roles-2025.xsd", "https://xbrl.fasb.org/srt/2025/elts/srt-types-2025.xsd", "https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd", "https://xbrl.fasb.org/us-gaap/2025/elts/us-roles-2025.xsd", "https://xbrl.fasb.org/us-gaap/2025/elts/us-types-2025.xsd", "https://xbrl.sec.gov/country/2025/country-2025.xsd", "https://xbrl.sec.gov/dei/2025/dei-2025.xsd", "https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd", "https://xbrl.sec.gov/stpr/2025/stpr-2025.xsd" ] }, "calculationLink": { "local": [ "peb-20260331_cal.xml" ] }, "definitionLink": { "local": [ "peb-20260331_def.xml" ] }, "labelLink": { "local": [ "peb-20260331_lab.xml" ] }, "presentationLink": { "local": [ "peb-20260331_pre.xml" ] } }, "keyStandard": 227, "keyCustom": 49, "axisStandard": 25, "axisCustom": 0, "memberStandard": 37, "memberCustom": 42, "hidden": { "total": 13, "http://fasb.org/us-gaap/2025": 8, "http://xbrl.sec.gov/dei/2025": 5 }, "contextCount": 253, "entityCount": 1, "segmentCount": 82, "elementCount": 575, "unitCount": 10, "baseTaxonomies": { "http://fasb.org/us-gaap/2025": 661, "http://xbrl.sec.gov/dei/2025": 42, "http://xbrl.sec.gov/ecd/2025": 4, "http://fasb.org/srt/2025": 3 }, "report": { "R1": { "role": "http://www.pebblebrookhotels.com/role/CoverPage", "longName": "0000001 - Document - Cover Page", "shortName": "Cover Page", "isDefault": "true", "groupType": "document", "subGroupType": "", "menuCat": "Cover", "order": "1", "firstAnchor": { "contextRef": "c-1", "name": "dei:DocumentType", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "dei:DocumentType", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R2": { "role": "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets", "longName": "9952151 - Statement - Consolidated Balance Sheets", "shortName": "Consolidated Balance Sheets", "isDefault": "false", "groupType": "statement", "subGroupType": "", "menuCat": "Statements", "order": "2", "firstAnchor": { "contextRef": "c-8", "name": "us-gaap:RealEstateInvestmentPropertyNet", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:ScheduleOfRealEstatePropertiesTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-8", "name": "us-gaap:CashAndCashEquivalentsAtCarryingValue", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "unique": true } }, "R3": { "role": "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheetsParenthetical", "longName": "9952152 - Statement - Consolidated Balance Sheets (Parenthetical)", "shortName": "Consolidated Balance Sheets (Parenthetical)", "isDefault": "false", "groupType": "statement", "subGroupType": "parenthetical", "menuCat": "Statements", "order": "3", "firstAnchor": { "contextRef": "c-8", "name": "us-gaap:AllowanceForDoubtfulAccountsReceivable", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "div", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-8", "name": "us-gaap:AllowanceForDoubtfulAccountsReceivable", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "div", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R4": { "role": "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome", "longName": "9952153 - Statement - Consolidated Statements of Operations and Comprehensive Income", "shortName": "Consolidated Statements of Operations and Comprehensive Income", "isDefault": "false", "groupType": "statement", "subGroupType": "", "menuCat": "Statements", "order": "4", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:GeneralAndAdministrativeExpense", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "unique": true } }, "R5": { "role": "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncomeContinued", "longName": "9952154 - Statement - Consolidated Statements of Operations and Comprehensive Income - Continued", "shortName": "Consolidated Statements of Operations and Comprehensive Income - Continued", "isDefault": "false", "groupType": "statement", "subGroupType": "", "menuCat": "Statements", "order": "5", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:ProfitLoss", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "unique": true } }, "R6": { "role": "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity", "longName": "9952155 - Statement - Consolidated Statements of Equity", "shortName": "Consolidated Statements of Equity", "isDefault": "false", "groupType": "statement", "subGroupType": "", "menuCat": "Statements", "order": "6", "firstAnchor": { "contextRef": "c-44", "name": "us-gaap:SharesOutstanding", "unitRef": "shares", "xsiNil": "false", "lang": "en-US", "decimals": "INF", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-44", "name": "us-gaap:SharesOutstanding", "unitRef": "shares", "xsiNil": "false", "lang": "en-US", "decimals": "INF", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R7": { "role": "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows", "longName": "9952156 - Statement - Consolidated Statements of Cash Flows", "shortName": "Consolidated Statements of Cash Flows", "isDefault": "false", "groupType": "statement", "subGroupType": "", "menuCat": "Statements", "order": "7", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:ProfitLoss", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:DeferredIncomeTaxExpenseBenefit", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "unique": true } }, "R8": { "role": "http://www.pebblebrookhotels.com/role/Organization", "longName": "9952157 - Disclosure - Organization", "shortName": "Organization", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "8", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R9": { "role": "http://www.pebblebrookhotels.com/role/SummaryofSignificantAccountingPolicies", "longName": "9952158 - Disclosure - Summary of Significant Accounting Policies", "shortName": "Summary of Significant Accounting Policies", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "9", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:SignificantAccountingPoliciesTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:SignificantAccountingPoliciesTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R10": { "role": "http://www.pebblebrookhotels.com/role/AcquisitionandDispositionofHotelProperties", "longName": "9952159 - Disclosure - Acquisition and Disposition of Hotel Properties", "shortName": "Acquisition and Disposition of Hotel Properties", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "10", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:MergersAcquisitionsAndDispositionsDisclosuresTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:MergersAcquisitionsAndDispositionsDisclosuresTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R11": { "role": "http://www.pebblebrookhotels.com/role/InvestmentinHotelProperties", "longName": "9952160 - Disclosure - Investment in Hotel Properties", "shortName": "Investment in Hotel Properties", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "11", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R12": { "role": "http://www.pebblebrookhotels.com/role/Debt", "longName": "9952161 - Disclosure - Debt", "shortName": "Debt", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "12", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:DebtDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:DebtDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R13": { "role": "http://www.pebblebrookhotels.com/role/Revenue", "longName": "9952162 - Disclosure - Revenue", "shortName": "Revenue", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "13", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:RevenueFromContractWithCustomerTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:RevenueFromContractWithCustomerTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R14": { "role": "http://www.pebblebrookhotels.com/role/Equity", "longName": "9952163 - Disclosure - Equity", "shortName": "Equity", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "14", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:StockholdersEquityNoteDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:StockholdersEquityNoteDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R15": { "role": "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlan", "longName": "9952164 - Disclosure - Share-Based Compensation Plan", "shortName": "Share-Based Compensation Plan", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "15", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R16": { "role": "http://www.pebblebrookhotels.com/role/IncomeTaxes", "longName": "9952165 - Disclosure - Income Taxes", "shortName": "Income Taxes", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "16", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:IncomeTaxDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:IncomeTaxDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R17": { "role": "http://www.pebblebrookhotels.com/role/EarningsLossPerShare", "longName": "9952166 - Disclosure - Earnings (Loss) Per Share", "shortName": "Earnings (Loss) Per Share", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "17", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:EarningsPerShareTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:EarningsPerShareTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R18": { "role": "http://www.pebblebrookhotels.com/role/CommitmentsandContingencies", "longName": "9952167 - Disclosure - Commitments and Contingencies", "shortName": "Commitments and Contingencies", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "18", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R19": { "role": "http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlows", "longName": "9952168 - Disclosure - Supplemental Information to Statements of Cash Flows", "shortName": "Supplemental Information to Statements of Cash Flows", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "19", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:CashFlowSupplementalDisclosuresTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:CashFlowSupplementalDisclosuresTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R20": { "role": "http://www.pebblebrookhotels.com/role/OperatingSegmentInformation", "longName": "9952169 - Disclosure - Operating Segment Information", "shortName": "Operating Segment Information", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "20", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:SegmentReportingDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:SegmentReportingDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R21": { "role": "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements", "longName": "995445 - Disclosure - Insider Trading Arrangements", "shortName": "Insider Trading Arrangements", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "21", "firstAnchor": { "contextRef": "c-1", "name": "ecd:Rule10b51ArrAdoptedFlag", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "ecd:Rule10b51ArrAdoptedFlag", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R22": { "role": "http://www.pebblebrookhotels.com/role/SummaryofSignificantAccountingPoliciesPolicies", "longName": "9955511 - Disclosure - Summary of Significant Accounting Policies (Policies)", "shortName": "Summary of Significant Accounting Policies (Policies)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "policies", "menuCat": "Policies", "order": "22", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:BasisOfAccountingPolicyPolicyTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:BasisOfAccountingPolicyPolicyTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R23": { "role": "http://www.pebblebrookhotels.com/role/AcquisitionandDispositionofHotelPropertiesTables", "longName": "9955512 - Disclosure - Acquisition and Disposition of Hotel Properties (Tables)", "shortName": "Acquisition and Disposition of Hotel Properties (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "23", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R24": { "role": "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesTables", "longName": "9955513 - Disclosure - Investment in Hotel Properties (Tables)", "shortName": "Investment in Hotel Properties (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "24", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfRealEstatePropertiesTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfRealEstatePropertiesTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R25": { "role": "http://www.pebblebrookhotels.com/role/DebtTables", "longName": "9955514 - Disclosure - Debt (Tables)", "shortName": "Debt (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "25", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfDebtInstrumentsTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfDebtInstrumentsTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R26": { "role": "http://www.pebblebrookhotels.com/role/RevenueTables", "longName": "9955515 - Disclosure - Revenue (Tables)", "shortName": "Revenue (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "26", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:RevenueFromExternalCustomersByGeographicAreasTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:RevenueFromExternalCustomersByGeographicAreasTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R27": { "role": "http://www.pebblebrookhotels.com/role/EquityTables", "longName": "9955516 - Disclosure - Equity (Tables)", "shortName": "Equity (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "27", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:DividendsDeclaredTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:DividendsDeclaredTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R28": { "role": "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanTables", "longName": "9955517 - Disclosure - Share-Based Compensation Plan (Tables)", "shortName": "Share-Based Compensation Plan (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "28", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R29": { "role": "http://www.pebblebrookhotels.com/role/EarningsLossPerShareTables", "longName": "9955518 - Disclosure - Earnings (Loss) Per Share (Tables)", "shortName": "Earnings (Loss) Per Share (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "29", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R30": { "role": "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesTables", "longName": "9955519 - Disclosure - Commitments and Contingencies (Tables)", "shortName": "Commitments and Contingencies (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "30", "firstAnchor": { "contextRef": "c-1", "name": "peb:LesseeLeasesTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "peb:LesseeLeasesTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R31": { "role": "http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlowsTables", "longName": "9955520 - Disclosure - Supplemental Information to Statements of Cash Flows (Tables)", "shortName": "Supplemental Information to Statements of Cash Flows (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "31", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R32": { "role": "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationTables", "longName": "9955521 - Disclosure - Operating Segment Information (Tables)", "shortName": "Operating Segment Information (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "32", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R33": { "role": "http://www.pebblebrookhotels.com/role/OrganizationDetails", "longName": "9955522 - Disclosure - Organization (Details)", "shortName": "Organization (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "33", "firstAnchor": { "contextRef": "c-8", "name": "us-gaap:NumberOfRealEstateProperties", "unitRef": "property", "xsiNil": "false", "lang": "en-US", "decimals": "INF", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-8", "name": "us-gaap:NumberOfRealEstateProperties", "unitRef": "property", "xsiNil": "false", "lang": "en-US", "decimals": "INF", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R34": { "role": "http://www.pebblebrookhotels.com/role/AcquisitionandDispositionofHotelPropertiesDetails", "longName": "9955523 - Disclosure - Acquisition and Disposition of Hotel Properties (Details)", "shortName": "Acquisition and Disposition of Hotel Properties (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "34", "firstAnchor": { "contextRef": "c-1", "name": "peb:NumberOfAcquiredProperties", "unitRef": "property", "xsiNil": "false", "lang": "en-US", "decimals": "INF", "ancestors": [ "peb:NumberOfAcquiredProperties", "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "peb:NumberOfAcquiredProperties", "unitRef": "property", "xsiNil": "false", "lang": "en-US", "decimals": "INF", "ancestors": [ "peb:NumberOfAcquiredProperties", "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R35": { "role": "http://www.pebblebrookhotels.com/role/AcquisitionandDispositionofHotelPropertiesDispositionofHotelPropertiesDetails", "longName": "9955524 - Disclosure - Acquisition and Disposition of Hotel Properties - Disposition of Hotel Properties (Details)", "shortName": "Acquisition and Disposition of Hotel Properties - Disposition of Hotel Properties (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "35", "firstAnchor": { "contextRef": "c-77", "name": "peb:SaleOfRealEstateHeldForInvestmentSalesPrice", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "us-gaap:ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-77", "name": "peb:SaleOfRealEstateHeldForInvestmentSalesPrice", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "us-gaap:ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R36": { "role": "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesScheduleofInvestmentinHotelPropertiesDetails", "longName": "9955525 - Disclosure - Investment in Hotel Properties - Schedule of Investment in Hotel Properties (Details)", "shortName": "Investment in Hotel Properties - Schedule of Investment in Hotel Properties (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "36", "firstAnchor": { "contextRef": "c-8", "name": "us-gaap:Land", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:ScheduleOfRealEstatePropertiesTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-8", "name": "us-gaap:Land", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:ScheduleOfRealEstatePropertiesTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R37": { "role": "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesNarrativeDetails", "longName": "9955526 - Disclosure - Investment in Hotel Properties - Narrative (Details)", "shortName": "Investment in Hotel Properties - Narrative (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "37", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:ImpairmentOfRealEstate", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-8", "name": "us-gaap:FinanceLeaseLiability", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-5", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "unique": true } }, "R38": { "role": "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails", "longName": "9955527 - Disclosure - Debt - Schedule of Components of Debt (Details)", "shortName": "Debt - Schedule of Components of Debt (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "38", "firstAnchor": { "contextRef": "c-8", "name": "us-gaap:DebtInstrumentCarryingAmount", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-82", "name": "us-gaap:DebtInstrumentInterestRateEffectivePercentage", "unitRef": "number", "xsiNil": "false", "lang": "en-US", "decimals": "4", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "us-gaap:ScheduleOfDebtInstrumentsTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "unique": true } }, "R39": { "role": "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "longName": "9955528 - Disclosure - Debt - Narrative (Details)", "shortName": "Debt - Narrative (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "39", "firstAnchor": { "contextRef": "c-8", "name": "us-gaap:DebtInstrumentCarryingAmount", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-8", "name": "us-gaap:LettersOfCreditOutstandingAmount", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-5", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "unique": true } }, "R40": { "role": "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofInterestExpenseDetails", "longName": "9955529 - Disclosure - Debt - Schedule of Components of Interest Expense (Details)", "shortName": "Debt - Schedule of Components of Interest Expense (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "40", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:AmortizationOfFinancingCostsAndDiscounts", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:InterestIncomeAndInterestExpenseDisclosureTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:AmortizationOfFinancingCostsAndDiscounts", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:InterestIncomeAndInterestExpenseDisclosureTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R41": { "role": "http://www.pebblebrookhotels.com/role/DebtFutureMinimumPrincipalPaymentsforDebtDetails", "longName": "9955530 - Disclosure - Debt - Future Minimum Principal Payments for Debt (Details)", "shortName": "Debt - Future Minimum Principal Payments for Debt (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "41", "firstAnchor": { "contextRef": "c-8", "name": "us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-8", "name": "us-gaap:LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R42": { "role": "http://www.pebblebrookhotels.com/role/DebtScheduleofInterestRateSwapsDetails", "longName": "9955531 - Disclosure - Debt - Schedule of Interest Rate Swaps (Details)", "shortName": "Debt - Schedule of Interest Rate Swaps (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "42", "firstAnchor": { "contextRef": "c-147", "name": "us-gaap:DerivativeVariableInterestRate", "unitRef": "number", "xsiNil": "false", "lang": "en-US", "decimals": "4", "ancestors": [ "span", "div", "td", "tr", "table", "div", "us-gaap:ScheduleOfInterestRateDerivativesTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-147", "name": "us-gaap:DerivativeVariableInterestRate", "unitRef": "number", "xsiNil": "false", "lang": "en-US", "decimals": "4", "ancestors": [ "span", "div", "td", "tr", "table", "div", "us-gaap:ScheduleOfInterestRateDerivativesTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R43": { "role": "http://www.pebblebrookhotels.com/role/RevenueRevenueByGeographicLocationDetails", "longName": "9955532 - Disclosure - Revenue - Revenue By Geographic Location (Details)", "shortName": "Revenue - Revenue By Geographic Location (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "43", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-169", "name": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "unique": true } }, "R44": { "role": "http://www.pebblebrookhotels.com/role/RevenueNarrativeDetails", "longName": "9955533 - Disclosure - Revenue - Narrative (Details)", "shortName": "Revenue - Narrative (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "44", "firstAnchor": { "contextRef": "c-185", "name": "us-gaap:RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-185", "name": "us-gaap:RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R45": { "role": "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails", "longName": "9955534 - Disclosure - Equity - Narrative (Details)", "shortName": "Equity - Narrative (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "45", "firstAnchor": { "contextRef": "c-8", "name": "us-gaap:CommonStockSharesAuthorized", "unitRef": "shares", "xsiNil": "false", "lang": "en-US", "decimals": "INF", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-8", "name": "peb:CommonUnitRedemptionRightsRedemptionOptionCommonShareConversionBasis", "unitRef": "number", "xsiNil": "false", "lang": "en-US", "decimals": "INF", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "unique": true } }, "R46": { "role": "http://www.pebblebrookhotels.com/role/EquityScheduleofCommonDividendsDetails", "longName": "9955535 - Disclosure - Equity - Schedule of Common Dividends (Details)", "shortName": "Equity - Schedule of Common Dividends (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "46", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:CommonStockDividendsPerShareDeclared", "unitRef": "usdPerShare", "xsiNil": "false", "lang": "en-US", "decimals": "2", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:DividendsDeclaredTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:CommonStockDividendsPerShareDeclared", "unitRef": "usdPerShare", "xsiNil": "false", "lang": "en-US", "decimals": "2", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:DividendsDeclaredTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R47": { "role": "http://www.pebblebrookhotels.com/role/EquityScheduleofPreferredStockOutstandingandDividendsDetails", "longName": "9955536 - Disclosure - Equity - Schedule of Preferred Stock Outstanding and Dividends (Details)", "shortName": "Equity - Schedule of Preferred Stock Outstanding and Dividends (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "47", "firstAnchor": { "contextRef": "c-8", "name": "us-gaap:PreferredStockSharesOutstanding", "unitRef": "shares", "xsiNil": "false", "lang": "en-US", "decimals": "INF", "ancestors": [ "us-gaap:PreferredStockSharesIssued", "span", "div", "td", "tr", "table", "div", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-3", "name": "us-gaap:PreferredStockDividendsPerShareDeclared", "unitRef": "usdPerShare", "xsiNil": "false", "lang": "en-US", "decimals": "2", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "unique": true } }, "R48": { "role": "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanNarrativeDetails", "longName": "9955537 - Disclosure - Share-Based Compensation Plan - Narrative (Details)", "shortName": "Share-Based Compensation Plan - Narrative (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "48", "firstAnchor": { "contextRef": "c-8", "name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant", "unitRef": "shares", "xsiNil": "false", "lang": "en-US", "decimals": "INF", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-8", "name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant", "unitRef": "shares", "xsiNil": "false", "lang": "en-US", "decimals": "INF", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R49": { "role": "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanScheduleofServiceConditionRestrictedShareActivityDetails", "longName": "9955538 - Disclosure - Share-Based Compensation Plan - Schedule of Service Condition Restricted Share Activity (Details)", "shortName": "Share-Based Compensation Plan - Schedule of Service Condition Restricted Share Activity (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "49", "firstAnchor": { "contextRef": "c-222", "name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber", "unitRef": "shares", "xsiNil": "false", "lang": "en-US", "decimals": "INF", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-222", "name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber", "unitRef": "shares", "xsiNil": "false", "lang": "en-US", "decimals": "INF", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R50": { "role": "http://www.pebblebrookhotels.com/role/EarningsLossPerShareScheduleofReconciliationofBasicandDilutedEPSDetails", "longName": "9955539 - Disclosure - Earnings (Loss) Per Share - Schedule of Reconciliation of Basic and Diluted EPS (Details)", "shortName": "Earnings (Loss) Per Share - Schedule of Reconciliation of Basic and Diluted EPS (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "50", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:DividendsShareBasedCompensation", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "unique": true } }, "R51": { "role": "http://www.pebblebrookhotels.com/role/EarningsLossPerShareNarrativeDetails", "longName": "9955540 - Disclosure - Earnings (Loss) Per Share - Narrative (Details)", "shortName": "Earnings (Loss) Per Share - Narrative (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "51", "firstAnchor": { "contextRef": "c-233", "name": "us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount", "unitRef": "shares", "xsiNil": "false", "lang": "en-US", "decimals": "0", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-233", "name": "us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount", "unitRef": "shares", "xsiNil": "false", "lang": "en-US", "decimals": "0", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R52": { "role": "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesNarrativeDetails", "longName": "9955541 - Disclosure - Commitments and Contingencies - Narrative (Details)", "shortName": "Commitments and Contingencies - Narrative (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "52", "firstAnchor": { "contextRef": "c-1", "name": "peb:CombinedBaseAndIncentiveManagementFeeExpenseReversal", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-5", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "peb:CombinedBaseAndIncentiveManagementFeeExpenseReversal", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-5", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R53": { "role": "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesScheduleofHotelSubjecttoLeasesDetails", "longName": "9955542 - Disclosure - Commitments and Contingencies - Schedule of Hotel Subject to Leases (Details)", "shortName": "Commitments and Contingencies - Schedule of Hotel Subject to Leases (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "53", "firstAnchor": { "contextRef": "c-8", "name": "us-gaap:NumberOfUnitsInRealEstateProperty", "unitRef": "hotelroom", "xsiNil": "false", "lang": "en-US", "decimals": "INF", "ancestors": [ "span", "div", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true }, "uniqueAnchor": { "contextRef": "c-237", "name": "us-gaap:LesseeOperatingLeaseRenewalTerm", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "peb:LesseeLeasesTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "unique": true } }, "R54": { "role": "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesScheduleofComponentsofGroundLeasesDetails", "longName": "9955543 - Disclosure - Commitments and Contingencies - Schedule of Components of Ground Leases (Details)", "shortName": "Commitments and Contingencies - Schedule of Components of Ground Leases (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "54", "firstAnchor": { "contextRef": "c-1", "name": "peb:FixedLeaseCost", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:LeaseCostTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "peb:FixedLeaseCost", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "us-gaap:LeaseCostTableTextBlock", "ix:continuation", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R55": { "role": "http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlowsDetails", "longName": "9955544 - Disclosure - Supplemental Information to Statements of Cash Flows (Details)", "shortName": "Supplemental Information to Statements of Cash Flows (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "55", "firstAnchor": { "contextRef": "c-1", "name": "us-gaap:InterestPaidNet", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "us-gaap:ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "us-gaap:InterestPaidNet", "unitRef": "usd", "xsiNil": "false", "lang": "en-US", "decimals": "-3", "ancestors": [ "span", "td", "tr", "table", "div", "ix:continuation", "us-gaap:ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } }, "R56": { "role": "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails", "longName": "9955545 - Disclosure - Operating Segment Information (Details)", "shortName": "Operating Segment Information (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "56", "firstAnchor": { "contextRef": "c-1", "name": "peb:NumberOfReportableSegmentsNotDisclosedFlag", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "ix:continuation", "us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "peb:NumberOfReportableSegmentsNotDisclosedFlag", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "ix:continuation", "us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "peb-20260331.htm", "first": true, "unique": true } } }, "tag": { "peb_A1HotelSanFranciscoMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "A1HotelSanFranciscoMember", "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesScheduleofHotelSubjecttoLeasesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "1 Hotel San Francisco", "label": "1 Hotel San Francisco [Member]", "documentation": "" } } }, "auth_ref": [] }, "us-gaap_AccountingPoliciesAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AccountingPoliciesAbstract", "lang": { "en-us": { "role": { "terseLabel": "Accounting Policies [Abstract]", "label": "Accounting Policies [Abstract]" } } }, "auth_ref": [] }, "us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets": { "parentTag": "us-gaap_Liabilities", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets" ], "lang": { "en-us": { "role": { "verboseLabel": "Accounts payable, accrued expenses and other liabilities", "label": "Accounts Payable and Accrued Liabilities", "documentation": "Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations." } } }, "auth_ref": [ "r117", "r118" ] }, "us-gaap_AccountsReceivableNet": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AccountsReceivableNet", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets": { "parentTag": "us-gaap_Assets", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets" ], "lang": { "en-us": { "role": { "verboseLabel": "Hotel receivables (net of allowance for doubtful accounts of $225 and $241, respectively)", "label": "Accounts Receivable, after Allowance for Credit Loss", "documentation": "Amount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business." } } }, "auth_ref": [ "r727", "r791", "r886", "r1202", "r1203" ] }, "peb_AccruedAdditionsAndImprovementsToHotelProperties": { "xbrltype": "monetaryItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "AccruedAdditionsAndImprovementsToHotelProperties", "crdr": "credit", "presentation": [ "http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlowsDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Accrued additions and improvements to hotel properties", "label": "Accrued Additions And Improvements To Hotel Properties", "documentation": "Accrued additions and improvements to hotel properties." } } }, "auth_ref": [] }, "us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AccumulatedOtherComprehensiveIncomeLossNetOfTax", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets": { "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0, "order": 4.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets" ], "lang": { "en-us": { "role": { "terseLabel": "Accumulated other comprehensive income (loss)", "label": "Accumulated Other Comprehensive Income (Loss), Net of Tax", "documentation": "Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source." } } }, "auth_ref": [ "r17", "r18", "r80", "r197", "r638", "r676", "r677", "r1164" ] }, "us-gaap_AccumulatedOtherComprehensiveIncomeMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AccumulatedOtherComprehensiveIncomeMember", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity" ], "lang": { "en-us": { "role": { "verboseLabel": "Accumulated Other Comprehensive Income (Loss)", "label": "AOCI Attributable to Parent [Member]", "documentation": "Accumulated increase (decrease) in equity from transactions and other events and circumstances from non-owner sources, attributable to the parent. Excludes net income (loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners." } } }, "auth_ref": [ "r1", "r10", "r18", "r547", "r550", "r580", "r672", "r673", "r1020", "r1021", "r1022", "r1079", "r1080", "r1081", "r1082" ] }, "ecd_Additional402vDisclosureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "Additional402vDisclosureTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Additional 402(v) Disclosure", "label": "Additional 402(v) Disclosure [Text Block]" } } }, "auth_ref": [ "r933" ] }, "us-gaap_AdditionalPaidInCapital": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AdditionalPaidInCapital", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets": { "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets" ], "lang": { "en-us": { "role": { "verboseLabel": "Additional paid-in capital", "label": "Additional Paid in Capital", "documentation": "Amount of excess of issue price over par or stated value of stock and from other transaction involving stock or stockholder. Includes, but is not limited to, additional paid-in capital (APIC) for common and preferred stock." } } }, "auth_ref": [ "r75", "r863", "r1237" ] }, "us-gaap_AdditionalPaidInCapitalMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AdditionalPaidInCapitalMember", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity" ], "lang": { "en-us": { "role": { "terseLabel": "Additional Paid-In Capital", "label": "Additional Paid-in Capital [Member]", "documentation": "Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders." } } }, "auth_ref": [ "r692", "r1079", "r1080", "r1081", "r1082", "r1165", "r1240" ] }, "ecd_AdjToCompAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AdjToCompAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Adjustment to Compensation, Amount", "label": "Adjustment to Compensation Amount" } } }, "auth_ref": [ "r946" ] }, "ecd_AdjToCompAxis": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AdjToCompAxis", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Adjustment to Compensation:", "label": "Adjustment to Compensation [Axis]" } } }, "auth_ref": [ "r946" ] }, "ecd_AdjToNonPeoNeoCompFnTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AdjToNonPeoNeoCompFnTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Adjustment to Non-PEO NEO Compensation Footnote", "label": "Adjustment to Non-PEO NEO Compensation Footnote [Text Block]" } } }, "auth_ref": [ "r946" ] }, "ecd_AdjToPeoCompFnTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AdjToPeoCompFnTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Adjustment To PEO Compensation, Footnote", "label": "Adjustment To PEO Compensation, Footnote [Text Block]" } } }, "auth_ref": [ "r946" ] }, "us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "verboseLabel": "Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:", "label": "Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity [Abstract]" } } }, "auth_ref": [] }, "ecd_AggtChngPnsnValInSummryCompstnTblForAplblYrMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AggtChngPnsnValInSummryCompstnTblForAplblYrMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table", "label": "Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table [Member]" } } }, "auth_ref": [ "r979" ] }, "ecd_AggtErrCompAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AggtErrCompAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Aggregate Erroneous Compensation Amount", "label": "Aggregate Erroneous Compensation Amount" } } }, "auth_ref": [ "r905", "r915", "r925", "r957" ] }, "ecd_AggtErrCompNotYetDeterminedTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AggtErrCompNotYetDeterminedTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Aggregate Erroneous Compensation Not Yet Determined", "label": "Aggregate Erroneous Compensation Not Yet Determined [Text Block]" } } }, "auth_ref": [ "r908", "r918", "r928", "r960" ] }, "ecd_AggtPnsnAdjsSvcCstMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AggtPnsnAdjsSvcCstMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Aggregate Pension Adjustments Service Cost", "label": "Aggregate Pension Adjustments Service Cost [Member]" } } }, "auth_ref": [ "r980" ] }, "ecd_AllAdjToCompMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AllAdjToCompMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "All Adjustments to Compensation", "label": "All Adjustments to Compensation [Member]" } } }, "auth_ref": [ "r946" ] }, "ecd_AllExecutiveCategoriesMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AllExecutiveCategoriesMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "All Executive Categories", "label": "All Executive Categories [Member]" } } }, "auth_ref": [ "r953" ] }, "ecd_AllIndividualsMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AllIndividualsMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure", "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure", "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements", "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "All Individuals", "label": "All Individuals [Member]" } } }, "auth_ref": [ "r909", "r919", "r929", "r953", "r961", "r965", "r973" ] }, "ecd_AllTradingArrangementsMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AllTradingArrangementsMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "All Trading Arrangements", "label": "All Trading Arrangements [Member]" } } }, "auth_ref": [ "r971" ] }, "us-gaap_AllocatedShareBasedCompensationExpense": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AllocatedShareBasedCompensationExpense", "crdr": "debit", "presentation": [ "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Compensation expense", "label": "Share-Based Payment Arrangement, Expense", "documentation": "Amount of expense for award under share-based payment arrangement. Excludes amount capitalized." } } }, "auth_ref": [ "r472", "r477", "r478" ] }, "us-gaap_AllowanceForDoubtfulAccountsReceivable": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AllowanceForDoubtfulAccountsReceivable", "crdr": "credit", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheetsParenthetical" ], "lang": { "en-us": { "role": { "verboseLabel": "Allowance for doubtful accounts", "label": "Accounts Receivable, Allowance for Credit Loss", "documentation": "Amount of allowance for credit loss on accounts receivable." } } }, "auth_ref": [ "r198", "r309", "r313", "r314", "r315", "r1203" ] }, "dei_AmendmentFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "AmendmentFlag", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Amendment Flag", "label": "Amendment Flag", "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission." } } }, "auth_ref": [] }, "peb_AmortizationOfDebtIssuanceCostsNonCashInterestAndOtherAmortization": { "xbrltype": "monetaryItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "AmortizationOfDebtIssuanceCostsNonCashInterestAndOtherAmortization", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0, "order": 5.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "terseLabel": "Amortization of deferred financing costs, non-cash interest and other amortization", "label": "Amortization Of Debt Issuance Costs, Non-Cash Interest, And Other Amortization", "documentation": "Amortization Of Debt Issuance Costs, Non-Cash Interest, And Other Amortization" } } }, "auth_ref": [] }, "us-gaap_AmortizationOfFinancingCostsAndDiscounts": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AmortizationOfFinancingCostsAndDiscounts", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofInterestExpenseDetails": { "parentTag": "us-gaap_InterestExpenseNonoperating", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofInterestExpenseDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Amortization of debt (premium), deferred financing fees and loss on debt extinguishment", "label": "Amortization of Debt Issuance Costs and Discounts", "documentation": "Amount of amortization expense attributable to debt discount (premium) and debt issuance costs." } } }, "auth_ref": [ "r384", "r838", "r839", "r1069", "r1184" ] }, "us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount", "presentation": [ "http://www.pebblebrookhotels.com/role/EarningsLossPerShareNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Antidilutive securities excluded from computation of earnings per share (in shares)", "label": "Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount", "documentation": "Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented." } } }, "auth_ref": [ "r261" ] }, "us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/EarningsLossPerShareNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Antidilutive Securities [Axis]", "label": "Antidilutive Securities [Axis]", "documentation": "Information by type of antidilutive security." } } }, "auth_ref": [ "r261" ] }, "us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems", "presentation": [ "http://www.pebblebrookhotels.com/role/EarningsLossPerShareNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]", "label": "Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r261" ] }, "us-gaap_AntidilutiveSecuritiesNameDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AntidilutiveSecuritiesNameDomain", "presentation": [ "http://www.pebblebrookhotels.com/role/EarningsLossPerShareNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Antidilutive Securities, Name [Domain]", "label": "Antidilutive Securities, Name [Domain]", "documentation": "Incremental common shares attributable to securities that were not included in diluted earnings per share (EPS) because to do so would increase EPS amounts or decrease loss per share amounts for the period presented." } } }, "auth_ref": [ "r261" ] }, "us-gaap_AssetAcquisitionAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AssetAcquisitionAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Asset Acquisition [Axis]", "label": "Asset Acquisition [Axis]", "documentation": "Information by asset acquisition." } } }, "auth_ref": [ "r325", "r326", "r327", "r328", "r329", "r330", "r680", "r1148" ] }, "us-gaap_AssetAcquisitionDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AssetAcquisitionDomain", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Asset Acquisition [Domain]", "label": "Asset Acquisition [Domain]", "documentation": "Asset acquisition." } } }, "auth_ref": [ "r325", "r326", "r327", "r328", "r329", "r330", "r680", "r1148" ] }, "peb_AssetAcquisitionEquityInterestIssuedOrIssuableNumberOfShares": { "xbrltype": "sharesItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "AssetAcquisitionEquityInterestIssuedOrIssuableNumberOfShares", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Asset acquisition, equity interest issued or issuable (in shares)", "label": "Asset Acquisition, Equity Interest Issued Or Issuable, Number Of Shares", "documentation": "Asset Acquisition, Equity Interest Issued Or Issuable, Number Of Shares" } } }, "auth_ref": [] }, "us-gaap_Assets": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "Assets", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets" ], "lang": { "en-us": { "role": { "totalLabel": "Total assets", "label": "Assets", "documentation": "Amount of asset recognized for present right to economic benefit." } } }, "auth_ref": [ "r115", "r129", "r193", "r225", "r229", "r230", "r265", "r278", "r296", "r300", "r310", "r351", "r352", "r354", "r355", "r356", "r357", "r358", "r360", "r361", "r507", "r511", "r561", "r624", "r625", "r633", "r732", "r828", "r829", "r840", "r863", "r878", "r880", "r896", "r1106", "r1107", "r1189" ] }, "us-gaap_AssetsAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AssetsAbstract", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets" ], "lang": { "en-us": { "role": { "verboseLabel": "ASSETS", "label": "Assets [Abstract]" } } }, "auth_ref": [] }, "ecd_AwardExrcPrice": { "xbrltype": "perShareItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AwardExrcPrice", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Exercise Price", "label": "Award Exercise Price" } } }, "auth_ref": [ "r968" ] }, "ecd_AwardGrantDateFairValue": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AwardGrantDateFairValue", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Fair Value as of Grant Date", "label": "Award Grant Date Fair Value" } } }, "auth_ref": [ "r969" ] }, "ecd_AwardTmgDiscLineItems": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AwardTmgDiscLineItems", "lang": { "en-us": { "role": { "label": "Award Timing Disclosures [Line Items]" } } }, "auth_ref": [ "r964" ] }, "ecd_AwardTmgHowMnpiCnsdrdTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AwardTmgHowMnpiCnsdrdTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Award Timing, How MNPI Considered", "label": "Award Timing, How MNPI Considered [Text Block]" } } }, "auth_ref": [ "r964" ] }, "ecd_AwardTmgMethodTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AwardTmgMethodTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Award Timing Method", "label": "Award Timing Method [Text Block]" } } }, "auth_ref": [ "r964" ] }, "ecd_AwardTmgMnpiCnsdrdFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AwardTmgMnpiCnsdrdFlag", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Award Timing MNPI Considered", "label": "Award Timing MNPI Considered [Flag]" } } }, "auth_ref": [ "r964" ] }, "ecd_AwardTmgMnpiDiscTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AwardTmgMnpiDiscTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Award Timing MNPI Disclosure", "label": "Award Timing MNPI Disclosure [Text Block]" } } }, "auth_ref": [ "r964" ] }, "ecd_AwardTmgPredtrmndFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AwardTmgPredtrmndFlag", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Award Timing Predetermined", "label": "Award Timing Predetermined [Flag]" } } }, "auth_ref": [ "r964" ] }, "us-gaap_AwardTypeAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "AwardTypeAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails", "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanNarrativeDetails", "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanScheduleofServiceConditionRestrictedShareActivityDetails", "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Award Type [Axis]", "label": "Award Type [Axis]", "documentation": "Information by type of award under share-based payment arrangement." } } }, "auth_ref": [ "r445", "r446", "r447", "r448", "r449", "r450", "r451", "r452", "r453", "r454", "r455", "r456", "r457", "r458", "r459", "r460", "r461", "r462", "r463", "r464", "r465", "r467", "r468", "r469", "r470", "r471" ] }, "ecd_AwardUndrlygSecuritiesAmt": { "xbrltype": "decimalItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AwardUndrlygSecuritiesAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Underlying Securities", "label": "Award Underlying Securities Amount" } } }, "auth_ref": [ "r967" ] }, "ecd_AwardsCloseToMnpiDiscIndName": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AwardsCloseToMnpiDiscIndName", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Name", "label": "Awards Close in Time to MNPI Disclosures, Individual Name" } } }, "auth_ref": [ "r966" ] }, "ecd_AwardsCloseToMnpiDiscTable": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AwardsCloseToMnpiDiscTable", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Awards Close in Time to MNPI Disclosures", "label": "Awards Close in Time to MNPI Disclosures [Table]" } } }, "auth_ref": [ "r965" ] }, "ecd_AwardsCloseToMnpiDiscTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "AwardsCloseToMnpiDiscTableTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Awards Close in Time to MNPI Disclosures, Table", "label": "Awards Close in Time to MNPI Disclosures [Table Text Block]" } } }, "auth_ref": [ "r965" ] }, "peb_BaseManagementFeesAsPercentageOfHotelRevenues": { "xbrltype": "percentItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "BaseManagementFeesAsPercentageOfHotelRevenues", "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesNarrativeDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Base management fee from hotel revenues", "label": "Base Management Fees As Percentage Of Hotel Revenues", "documentation": "Base management fees as percentage of hotel revenues." } } }, "auth_ref": [] }, "us-gaap_BaseRateMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "BaseRateMember", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Base Rate", "label": "Base Rate [Member]", "documentation": "Minimum rate investor will accept." } } }, "auth_ref": [ "r1010", "r1105" ] }, "us-gaap_BasisOfAccountingPolicyPolicyTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "BasisOfAccountingPolicyPolicyTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/SummaryofSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "terseLabel": "Basis of Presentation and Principles of Consolidation", "label": "Basis of Accounting, Policy [Policy Text Block]", "documentation": "Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS)." } } }, "auth_ref": [ "r1070" ] }, "peb_BoardOfTrusteesMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "BoardOfTrusteesMember", "presentation": [ "http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlowsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Board of Trustees Compensation", "label": "Board Of Trustees [Member]", "documentation": "Board Of Trustees [Member]" } } }, "auth_ref": [] }, "peb_BostonMassachusettsMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "BostonMassachusettsMember", "presentation": [ "http://www.pebblebrookhotels.com/role/RevenueRevenueByGeographicLocationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Boston, MA", "label": "Boston, Massachusetts [Member]", "documentation": "Boston, Massachusetts [Member]" } } }, "auth_ref": [] }, "us-gaap_BusinessCombinationAndAssetAcquisitionAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "BusinessCombinationAndAssetAcquisitionAbstract", "lang": { "en-us": { "role": { "label": "Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]" } } }, "auth_ref": [] }, "us-gaap_CashAndCashEquivalentsAtCarryingValue": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CashAndCashEquivalentsAtCarryingValue", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets": { "parentTag": "us-gaap_Assets", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets" ], "lang": { "en-us": { "role": { "verboseLabel": "Cash and cash equivalents", "label": "Cash and Cash Equivalent", "documentation": "Amount of cash and cash equivalent. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate." } } }, "auth_ref": [ "r23", "r192", "r808" ] }, "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents", "crdr": "debit", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "periodStartLabel": "Cash and cash equivalents and restricted cash, beginning of year", "periodEndLabel": "Cash and cash equivalents and restricted cash, end of period", "label": "Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation", "documentation": "Amount of cash and cash equivalent, and cash and cash equivalent restricted to withdrawal or usage; attributable to continuing operation. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate." } } }, "auth_ref": [ "r23", "r93", "r222" ] }, "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "totalLabel": "Net change in cash and cash equivalents and restricted cash", "label": "Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation", "documentation": "Amount of increase (decrease) in cash and cash equivalent, and cash and cash equivalent restricted to withdrawal or usage; including effect from exchange rate change and including, but not limited to, discontinued operation. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate." } } }, "auth_ref": [ "r0", "r93" ] }, "us-gaap_CashFlowHedgingMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CashFlowHedgingMember", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtScheduleofInterestRateSwapsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Cash Flow Hedging", "label": "Cash Flow Hedging [Member]", "documentation": "Hedge of the exposure to variability in the cash flows of a recognized asset or liability, or of a forecasted transaction, that is attributable to a particular risk." } } }, "auth_ref": [] }, "us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract", "presentation": [ "http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlowsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Non-Cash Investing and Financing Activities:", "label": "Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]" } } }, "auth_ref": [] }, "us-gaap_CashFlowSupplementalDisclosuresTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CashFlowSupplementalDisclosuresTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlows" ], "lang": { "en-us": { "role": { "verboseLabel": "Supplemental Information to Statements of Cash Flows", "label": "Cash Flow, Supplemental Disclosures [Text Block]", "documentation": "The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. \"Part noncash\" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period." } } }, "auth_ref": [ "r89" ] }, "ecd_ChangedPeerGroupFnTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "ChangedPeerGroupFnTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Changed Peer Group, Footnote", "label": "Changed Peer Group, Footnote [Text Block]" } } }, "auth_ref": [ "r944" ] }, "ecd_ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year", "label": "Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member]" } } }, "auth_ref": [ "r941" ] }, "ecd_ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested", "label": "Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member]" } } }, "auth_ref": [ "r939" ] }, "dei_CityAreaCode": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "CityAreaCode", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "City Area Code", "label": "City Area Code", "documentation": "Area code of city" } } }, "auth_ref": [] }, "us-gaap_ClassOfStockDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ClassOfStockDomain", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity", "http://www.pebblebrookhotels.com/role/CoverPage", "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails", "http://www.pebblebrookhotels.com/role/EquityScheduleofPreferredStockOutstandingandDividendsDetails", "http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlowsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Class of Stock [Domain]", "label": "Class of Stock [Domain]", "documentation": "Share of stock differentiated by the voting rights the holder receives. Examples include, but are not limited to, common stock, redeemable preferred stock, nonredeemable preferred stock, and convertible stock." } } }, "auth_ref": [ "r140", "r194", "r195", "r196", "r225", "r230", "r254", "r255", "r258", "r260", "r267", "r268", "r310", "r351", "r354", "r355", "r356", "r360", "r361", "r394", "r395", "r397", "r398", "r400", "r403", "r406", "r407", "r410", "r413", "r420", "r561", "r684", "r685", "r686", "r687", "r692", "r694", "r695", "r696", "r697", "r698", "r699", "r700", "r701", "r702", "r703", "r704", "r719", "r740", "r757", "r779", "r780", "r781", "r782", "r783", "r983", "r1073", "r1075", "r1083" ] }, "us-gaap_ClassOfStockLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ClassOfStockLineItems", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails", "http://www.pebblebrookhotels.com/role/EquityScheduleofPreferredStockOutstandingandDividendsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Class of Stock [Line Items]", "label": "Class of Stock [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r194", "r195", "r196", "r267", "r397", "r406", "r407", "r408", "r410", "r413", "r418", "r420", "r545", "r684", "r685", "r686", "r687", "r841", "r983", "r1071", "r1073" ] }, "peb_ClassesOfLTIPUnits": { "xbrltype": "integerItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "ClassesOfLTIPUnits", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails", "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Classes of LTIP units", "label": "Classes Of LTIP Units", "documentation": "Classes Of LTIP Units" } } }, "auth_ref": [] }, "ecd_CoSelectedMeasureAmt": { "xbrltype": "decimalItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "CoSelectedMeasureAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Company Selected Measure Amount", "label": "Company Selected Measure Amount" } } }, "auth_ref": [ "r945" ] }, "ecd_CoSelectedMeasureName": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "CoSelectedMeasureName", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Company Selected Measure Name", "label": "Company Selected Measure Name" } } }, "auth_ref": [ "r945" ] }, "peb_CombinedBaseAndIncentiveManagementFeeExpenseReversal": { "xbrltype": "monetaryItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "CombinedBaseAndIncentiveManagementFeeExpenseReversal", "crdr": "debit", "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesNarrativeDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Combined base and incentive management fees", "label": "Combined Base And Incentive Management Fee Expense (Reversal)", "documentation": "Combined base and incentive management fees." } } }, "auth_ref": [] }, "peb_CombinedBaseAndIncentiveManagementFeesMultiplier": { "xbrltype": "pureItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "CombinedBaseAndIncentiveManagementFeesMultiplier", "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Termination fees range", "label": "Combined Base And Incentive Management Fees Multiplier", "documentation": "Combined Base And Incentive Management Fees Multiplier" } } }, "auth_ref": [] }, "us-gaap_CommitmentsAndContingencies": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CommitmentsAndContingencies", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets": { "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets" ], "lang": { "en-us": { "role": { "terseLabel": "Commitments and contingencies (Note 11)", "label": "Commitments and Contingencies", "documentation": "Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur." } } }, "auth_ref": [ "r71", "r120", "r634", "r718" ] }, "us-gaap_CommitmentsAndContingenciesDisclosureAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CommitmentsAndContingenciesDisclosureAbstract", "lang": { "en-us": { "role": { "terseLabel": "Commitments and Contingencies Disclosure [Abstract]", "label": "Commitments and Contingencies Disclosure [Abstract]" } } }, "auth_ref": [] }, "us-gaap_CommitmentsAndContingenciesDisclosureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CommitmentsAndContingenciesDisclosureTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingencies" ], "lang": { "en-us": { "role": { "terseLabel": "Commitments and Contingencies", "label": "Commitments and Contingencies Disclosure [Text Block]", "documentation": "The entire disclosure for commitments and contingencies." } } }, "auth_ref": [ "r102", "r343", "r344", "r792", "r1096", "r1101" ] }, "us-gaap_CommonStockDividendsPerShareDeclared": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CommonStockDividendsPerShareDeclared", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityScheduleofCommonDividendsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Dividend (in usd per share)", "label": "Common Stock, Dividends, Per Share, Declared", "documentation": "Aggregate dividends declared during the period for each share of common stock outstanding." } } }, "auth_ref": [ "r110" ] }, "us-gaap_CommonStockMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CommonStockMember", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity", "http://www.pebblebrookhotels.com/role/CoverPage", "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails", "http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlowsDetails" ], "lang": { "en-us": { "role": { "netLabel": "Common Shares, $0.01 par value per share", "terseLabel": "Common Shares", "verboseLabel": "Common Shares/Units", "label": "Common Stock [Member]", "documentation": "Stock that is subordinate to all other stock of the issuer." } } }, "auth_ref": [ "r883", "r884", "r885", "r887", "r888", "r889", "r892", "r1079", "r1080", "r1082", "r1165", "r1235", "r1240" ] }, "us-gaap_CommonStockParOrStatedValuePerShare": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CommonStockParOrStatedValuePerShare", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheetsParenthetical" ], "lang": { "en-us": { "role": { "verboseLabel": "Common shares of beneficial interest, par value (in usd per share)", "label": "Common Stock, Par or Stated Value Per Share", "documentation": "Face amount or stated value per share of common stock." } } }, "auth_ref": [ "r74" ] }, "us-gaap_CommonStockSharesAuthorized": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CommonStockSharesAuthorized", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheetsParenthetical", "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Common shares of beneficial interest, authorized (in shares)", "label": "Common Stock, Shares Authorized", "documentation": "The maximum number of common shares permitted to be issued by an entity's charter and bylaws." } } }, "auth_ref": [ "r74", "r719" ] }, "us-gaap_CommonStockSharesIssued": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CommonStockSharesIssued", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheetsParenthetical" ], "lang": { "en-us": { "role": { "verboseLabel": "Common shares of beneficial interest, issued (in shares)", "label": "Common Stock, Shares, Issued", "documentation": "Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury." } } }, "auth_ref": [ "r74" ] }, "us-gaap_CommonStockSharesOutstanding": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CommonStockSharesOutstanding", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheetsParenthetical", "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Common shares of beneficial interest, outstanding (in shares)", "terseLabel": "Operating partnership units outstanding (in shares)", "label": "Common Stock, Shares, Outstanding", "documentation": "Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation." } } }, "auth_ref": [ "r11", "r74", "r719", "r738", "r1240", "r1241" ] }, "us-gaap_CommonStockValue": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CommonStockValue", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets": { "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets" ], "lang": { "en-us": { "role": { "verboseLabel": "Common shares of beneficial interest, $.01 par value, 500,000,000 shares authorized; 112,985,227 and 113,188,134 shares issued and outstanding at March\u00a031, 2026 and December\u00a031, 2025, respectively", "label": "Common Stock, Value, Issued", "documentation": "Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity." } } }, "auth_ref": [ "r74", "r395", "r402", "r637", "r863" ] }, "peb_CommonStockVotingRightsNumberOfVotesForEachShare": { "xbrltype": "integerItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "CommonStockVotingRightsNumberOfVotesForEachShare", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Number of vote per share", "label": "Common Stock Voting Rights, Number Of Votes For Each Share", "documentation": "Common Stock Voting Rights, Number Of Votes For Each Share" } } }, "auth_ref": [] }, "peb_CommonUnitRedemptionRightsRedemptionOptionCommonShareConversionBasis": { "xbrltype": "pureItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "CommonUnitRedemptionRightsRedemptionOptionCommonShareConversionBasis", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Common unit redemption rights, redemption option, common share conversion basis", "label": "Common Unit Redemption Rights, Redemption Option, Common Share Conversion Basis", "documentation": "Common Unit Redemption Rights, Redemption Option, Common Share Conversion Basis" } } }, "auth_ref": [] }, "ecd_CompActuallyPaidVsCoSelectedMeasureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "CompActuallyPaidVsCoSelectedMeasureTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Compensation Actually Paid vs. Company Selected Measure", "label": "Compensation Actually Paid vs. Company Selected Measure [Text Block]" } } }, "auth_ref": [ "r950" ] }, "ecd_CompActuallyPaidVsNetIncomeTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "CompActuallyPaidVsNetIncomeTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Compensation Actually Paid vs. Net Income", "label": "Compensation Actually Paid vs. Net Income [Text Block]" } } }, "auth_ref": [ "r949" ] }, "ecd_CompActuallyPaidVsOtherMeasureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "CompActuallyPaidVsOtherMeasureTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Compensation Actually Paid vs. Other Measure", "label": "Compensation Actually Paid vs. Other Measure [Text Block]" } } }, "auth_ref": [ "r951" ] }, "ecd_CompActuallyPaidVsTotalShareholderRtnTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "CompActuallyPaidVsTotalShareholderRtnTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Compensation Actually Paid vs. Total Shareholder Return", "label": "Compensation Actually Paid vs. Total Shareholder Return [Text Block]" } } }, "auth_ref": [ "r948" ] }, "us-gaap_ComprehensiveIncomeNetOfTax": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ComprehensiveIncomeNetOfTax", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncomeContinued": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncomeContinued" ], "lang": { "en-us": { "role": { "totalLabel": "Comprehensive income (loss) attributable to the Company", "label": "Comprehensive Income (Loss), Net of Tax, Attributable to Parent", "documentation": "Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners." } } }, "auth_ref": [ "r19", "r204", "r206", "r212", "r622", "r647", "r649" ] }, "us-gaap_ComprehensiveIncomeNetOfTaxAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ComprehensiveIncomeNetOfTaxAbstract", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncomeContinued" ], "lang": { "en-us": { "role": { "terseLabel": "Comprehensive Income:", "label": "Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]" } } }, "auth_ref": [] }, "us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncomeContinued": { "parentTag": "us-gaap_ComprehensiveIncomeNetOfTax", "weight": -1.0, "order": 2.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncomeContinued" ], "lang": { "en-us": { "role": { "terseLabel": "Comprehensive income (loss) attributable to non-controlling interests", "label": "Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest", "documentation": "Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners." } } }, "auth_ref": [ "r3", "r46", "r50", "r204", "r206", "r211", "r621", "r647", "r648" ] }, "us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncomeContinued": { "parentTag": "us-gaap_ComprehensiveIncomeNetOfTax", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncomeContinued" ], "lang": { "en-us": { "role": { "totalLabel": "Comprehensive income (loss)", "label": "Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest", "documentation": "Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners." } } }, "auth_ref": [ "r50", "r112", "r204", "r206", "r210", "r620", "r647" ] }, "srt_ConsolidationItemsAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "ConsolidationItemsAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Consolidation Items [Axis]", "label": "Consolidation Items [Axis]", "documentation": "Information by components, eliminations, non-segment corporate-level activity and reconciling items used in consolidating a parent entity and its subsidiaries or its operating segments." } } }, "auth_ref": [ "r127", "r141", "r171", "r172", "r173", "r174", "r175", "r176", "r177", "r178", "r179", "r225", "r226", "r232", "r233", "r265", "r280", "r294", "r295", "r296", "r297", "r298", "r300", "r301", "r302", "r351", "r352", "r353", "r354", "r356", "r357", "r358", "r359", "r360", "r628", "r828", "r829", "r1002", "r1003", "r1106", "r1107" ] }, "srt_ConsolidationItemsDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "ConsolidationItemsDomain", "presentation": [ "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Consolidation Items [Domain]", "label": "Consolidation Items [Domain]", "documentation": "Components, elimination, non-segment corporate-level activity and reconciling items used in consolidating a parent entity and its subsidiaries or its operating segments." } } }, "auth_ref": [ "r127", "r141", "r171", "r172", "r173", "r174", "r175", "r176", "r177", "r178", "r179", "r225", "r226", "r232", "r233", "r265", "r280", "r294", "r295", "r296", "r297", "r298", "r300", "r301", "r302", "r351", "r352", "r353", "r354", "r356", "r357", "r358", "r359", "r360", "r628", "r828", "r829", "r1002", "r1003", "r1106", "r1107" ] }, "us-gaap_ContractWithCustomerLiability": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ContractWithCustomerLiability", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets": { "parentTag": "us-gaap_Liabilities", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets" ], "lang": { "en-us": { "role": { "verboseLabel": "Deferred revenues", "label": "Contract with Customer, Liability", "documentation": "Amount of obligation to transfer good or service to customer for which consideration has been received or is receivable." } } }, "auth_ref": [ "r423", "r424", "r426", "r437" ] }, "us-gaap_ConvertibleDebtMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ConvertibleDebtMember", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofInterestExpenseDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Convertible senior notes", "terseLabel": "Convertible senior notes", "label": "Convertible Debt [Member]", "documentation": "Borrowing which can be exchanged for a specified number of another security at the option of the issuer or the holder, for example, but not limited to, the entity's common stock." } } }, "auth_ref": [ "r104", "r363", "r364", "r374", "r375", "r376", "r380", "r381", "r382", "r383", "r384", "r835", "r836", "r837", "r838", "r839" ] }, "us-gaap_ConvertibleDebtSecuritiesMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ConvertibleDebtSecuritiesMember", "presentation": [ "http://www.pebblebrookhotels.com/role/EarningsLossPerShareNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Convertible Debt Securities", "label": "Convertible Debt Securities [Member]", "documentation": "Debt securities that can be exchanged for equity of the debt issuer at the option of the issuer or the holder." } } }, "auth_ref": [ "r1115", "r1116" ] }, "peb_ConvertiblePreferredStockMaximumSharesIssuableUponConversion": { "xbrltype": "sharesItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "ConvertiblePreferredStockMaximumSharesIssuableUponConversion", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Share cap ratio on preferred shares on conversion", "label": "Convertible Preferred Stock, Maximum Shares Issuable Upon Conversion", "documentation": "Convertible Preferred Stock, Maximum Shares Issuable Upon Conversion" } } }, "auth_ref": [] }, "peb_CorporateAndReconcilingItemsMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "CorporateAndReconcilingItemsMember", "presentation": [ "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Corporate and Other", "label": "Corporate And Reconciling Items [Member]", "documentation": "Corporate And Reconciling Items" } } }, "auth_ref": [] }, "us-gaap_CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome": { "parentTag": "us-gaap_CostsAndExpenses", "weight": 1.0, "order": 1.0 }, "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails": { "parentTag": "peb_EarningsBeforeInterestTaxDepreciationAndAmortization", "weight": -1.0, "order": 2.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome", "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Total hotel operating expenses", "label": "Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization", "documentation": "Cost of product sold and service rendered, excluding depreciation, depletion, and amortization." } } }, "auth_ref": [ "r815", "r816", "r988", "r989" ] }, "us-gaap_CostOfGoodsAndServicesSoldAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CostOfGoodsAndServicesSoldAbstract", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome" ], "lang": { "en-us": { "role": { "verboseLabel": "Hotel operating expenses:", "label": "Cost of Product and Service Sold [Abstract]" } } }, "auth_ref": [] }, "us-gaap_CostOfGoodsAndServicesSoldDepreciationAndAmortization": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CostOfGoodsAndServicesSoldDepreciationAndAmortization", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome": { "parentTag": "us-gaap_CostsAndExpenses", "weight": 1.0, "order": 2.0 }, "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows", "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome", "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Depreciation and amortization", "verboseLabel": "Depreciation and amortization", "negatedTerseLabel": "Depreciation and amortization", "label": "Cost, Depreciation and Amortization", "documentation": "Amount of expense for allocation of cost of tangible and intangible assets over their useful lives directly used in production of good and rendering of service." } } }, "auth_ref": [ "r1023" ] }, "us-gaap_CostsAndExpenses": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CostsAndExpenses", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome": { "parentTag": "us-gaap_OperatingIncomeLoss", "weight": -1.0, "order": 2.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome" ], "lang": { "en-us": { "role": { "totalLabel": "Total operating expenses", "label": "Costs and Expenses", "documentation": "Total costs of sales and operating expenses for the period." } } }, "auth_ref": [ "r87" ] }, "us-gaap_CostsAndExpensesAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CostsAndExpensesAbstract", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome", "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Expenses:", "terseLabel": "Significant hotel expenses:", "label": "Costs and Expenses [Abstract]" } } }, "auth_ref": [] }, "dei_CoverAbstract": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "CoverAbstract", "lang": { "en-us": { "role": { "terseLabel": "Cover [Abstract]", "label": "Cover [Abstract]", "documentation": "Cover page." } } }, "auth_ref": [] }, "us-gaap_CreditFacilityAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CreditFacilityAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofInterestExpenseDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Credit Facility [Axis]", "label": "Credit Facility [Axis]", "documentation": "Information by type of credit facility. Credit facilities provide capital to borrowers without the need to structure a loan for each borrowing." } } }, "auth_ref": [ "r350", "r1104" ] }, "us-gaap_CreditFacilityDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "CreditFacilityDomain", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofInterestExpenseDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Credit Facility [Domain]", "label": "Credit Facility [Domain]", "documentation": "Type of credit facility. Credit facilities provide capital to borrowers without the need to structure a loan for each borrowing." } } }, "auth_ref": [ "r350", "r1104" ] }, "dei_CurrentFiscalYearEndDate": { "xbrltype": "gMonthDayItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "CurrentFiscalYearEndDate", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Current Fiscal Year End Date", "label": "Current Fiscal Year End Date", "documentation": "End date of current fiscal year in the format --MM-DD." } } }, "auth_ref": [] }, "stpr_DC": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/stpr/2025", "localname": "DC", "presentation": [ "http://www.pebblebrookhotels.com/role/RevenueRevenueByGeographicLocationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Washington, D.C.", "label": "DISTRICT OF COLUMBIA" } } }, "auth_ref": [] }, "us-gaap_DebtDisclosureAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DebtDisclosureAbstract", "lang": { "en-us": { "role": { "terseLabel": "Debt Disclosure [Abstract]", "label": "Debt Disclosure [Abstract]" } } }, "auth_ref": [] }, "us-gaap_DebtDisclosureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DebtDisclosureTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/Debt" ], "lang": { "en-us": { "role": { "terseLabel": "Debt", "label": "Debt Disclosure [Text Block]", "documentation": "The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants." } } }, "auth_ref": [ "r103", "r225", "r227", "r336", "r337", "r338", "r339", "r340", "r349", "r350", "r362", "r368", "r369", "r370", "r371", "r372", "r373", "r378", "r385", "r386", "r388", "r545", "r568" ] }, "us-gaap_DebtInstrumentAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DebtInstrumentAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Debt Instrument [Axis]", "label": "Debt Instrument [Axis]", "documentation": "Information by type of debt instrument, including, but not limited to, draws against credit facilities." } } }, "auth_ref": [ "r14", "r63", "r64", "r116", "r119", "r363", "r364", "r365", "r366", "r367", "r369", "r374", "r375", "r376", "r377", "r379", "r380", "r381", "r382", "r383", "r384", "r835", "r836", "r837", "r838", "r839", "r861", "r1071", "r1072", "r1074", "r1078", "r1097", "r1098", "r1099", "r1183", "r1185", "r1197" ] }, "us-gaap_DebtInstrumentBasisSpreadOnVariableRate1": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DebtInstrumentBasisSpreadOnVariableRate1", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Basis spread on variable rate", "label": "Debt Instrument, Basis Spread on Variable Rate", "documentation": "Percentage points added to the reference rate to compute the variable rate on the debt instrument." } } }, "auth_ref": [] }, "peb_DebtInstrumentCappedCallTransactionUpperStrikePrice": { "xbrltype": "perShareItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "DebtInstrumentCappedCallTransactionUpperStrikePrice", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Capped call transaction, upper strike price (in usd per share)", "label": "Debt Instrument, Capped Call Transaction, Upper Strike Price", "documentation": "Debt Instrument, Capped Call Transaction, Upper Strike Price" } } }, "auth_ref": [] }, "us-gaap_DebtInstrumentCarryingAmount": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DebtInstrumentCarryingAmount", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails": { "parentTag": "us-gaap_LongTermDebt", "weight": 1.0, "order": 1.0 }, "http://www.pebblebrookhotels.com/role/DebtFutureMinimumPrincipalPaymentsforDebtDetails": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://www.pebblebrookhotels.com/role/DebtFutureMinimumPrincipalPaymentsforDebtDetails", "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Total debt principal", "totalLabel": "Total debt principal payments", "label": "Long-Term Debt, Gross", "documentation": "Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt." } } }, "auth_ref": [ "r14", "r119", "r389" ] }, "us-gaap_DebtInstrumentConvertibleConversionPrice1": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DebtInstrumentConvertibleConversionPrice1", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Convertible debt, conversion price (in usd per share)", "label": "Debt Instrument, Convertible, Conversion Price", "documentation": "The price per share of the conversion feature embedded in the debt instrument." } } }, "auth_ref": [ "r105", "r365" ] }, "us-gaap_DebtInstrumentConvertibleConversionRatio1": { "xbrltype": "pureItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DebtInstrumentConvertibleConversionRatio1", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Convertible debt, conversion ratio", "label": "Debt Instrument, Convertible, Conversion Ratio", "documentation": "Ratio applied to the conversion of debt instrument into equity with equity shares divided by debt principal amount." } } }, "auth_ref": [ "r36", "r67", "r108", "r109", "r365" ] }, "peb_DebtInstrumentElectionPeriodPriorToMaturityDate": { "xbrltype": "durationItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "DebtInstrumentElectionPeriodPriorToMaturityDate", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Election period, prior to maturity date", "label": "Debt Instrument, Election Period, Prior To Maturity Date", "documentation": "Debt Instrument, Election Period, Prior To Maturity Date" } } }, "auth_ref": [] }, "peb_DebtInstrumentExtensionTerm": { "xbrltype": "durationItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "DebtInstrumentExtensionTerm", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Extension term", "label": "Debt Instrument, Extension Term", "documentation": "Debt Instrument, Extension Term" } } }, "auth_ref": [] }, "us-gaap_DebtInstrumentFaceAmount": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DebtInstrumentFaceAmount", "crdr": "credit", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Debt issued", "label": "Debt Instrument, Face Amount", "documentation": "Face (par) amount of debt instrument at time of issuance." } } }, "auth_ref": [ "r363", "r568", "r569", "r836", "r837", "r861" ] }, "us-gaap_DebtInstrumentInterestRateEffectivePercentage": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DebtInstrumentInterestRateEffectivePercentage", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Interest rate", "label": "Debt Instrument, Interest Rate, Effective Percentage", "documentation": "Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium." } } }, "auth_ref": [ "r66", "r391", "r568", "r569", "r861" ] }, "us-gaap_DebtInstrumentInterestRateStatedPercentage": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DebtInstrumentInterestRateStatedPercentage", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Interest rate", "terseLabel": "Stated interest rate", "label": "Debt Instrument, Interest Rate, Stated Percentage", "documentation": "Contractual interest rate for funds borrowed, under the debt agreement." } } }, "auth_ref": [ "r66", "r364" ] }, "us-gaap_DebtInstrumentLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DebtInstrumentLineItems", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofInterestExpenseDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Debt Instrument [Line Items]", "label": "Debt Instrument [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r363", "r364", "r365", "r366", "r367", "r369", "r374", "r375", "r376", "r377", "r379", "r380", "r381", "r382", "r383", "r384", "r387", "r545", "r628", "r835", "r836", "r837", "r838", "r839", "r861", "r1071", "r1072", "r1074", "r1078", "r1183", "r1185" ] }, "us-gaap_DebtInstrumentNameDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DebtInstrumentNameDomain", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Debt Instrument, Name [Domain]", "label": "Debt Instrument, Name [Domain]", "documentation": "The name for the particular debt instrument or borrowing that distinguishes it from other debt instruments or borrowings, including draws against credit facilities." } } }, "auth_ref": [ "r14", "r363", "r364", "r365", "r366", "r367", "r369", "r374", "r375", "r376", "r377", "r379", "r380", "r381", "r382", "r383", "r384", "r835", "r836", "r837", "r838", "r839", "r861", "r1071", "r1072", "r1074", "r1078", "r1097", "r1098", "r1099", "r1183", "r1185", "r1197" ] }, "peb_DebtInstrumentNumberOfExtensions": { "xbrltype": "integerItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "DebtInstrumentNumberOfExtensions", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Number of extensions", "label": "Debt Instrument , Number Of Extensions", "documentation": "Debt Instrument , Number Of Extensions" } } }, "auth_ref": [] }, "peb_DebtInstrumentNumberOfInstruments": { "xbrltype": "integerItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "DebtInstrumentNumberOfInstruments", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Debt instrument, number of instruments", "label": "Debt Instrument, Number Of Instruments", "documentation": "Debt Instrument, Number Of Instruments" } } }, "auth_ref": [] }, "us-gaap_DebtInstrumentRedemptionPricePercentage": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DebtInstrumentRedemptionPricePercentage", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Redemption price percentage", "label": "Debt Instrument, Redemption Price, Percentage", "documentation": "Percentage price of original principal amount of debt at which debt can be redeemed by the issuer." } } }, "auth_ref": [ "r125" ] }, "us-gaap_DebtInstrumentTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DebtInstrumentTable", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofInterestExpenseDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Long-term Debt Instruments [Table]", "label": "Schedule of Long-Term Debt Instruments [Table]", "documentation": "Disclosure of information about long-term debt instrument or arrangement." } } }, "auth_ref": [ "r14", "r36", "r40", "r51", "r107", "r109", "r363", "r364", "r365", "r366", "r367", "r369", "r374", "r375", "r376", "r377", "r379", "r380", "r381", "r382", "r383", "r384", "r387", "r545", "r628", "r835", "r836", "r837", "r838", "r839", "r861", "r1071", "r1072", "r1074", "r1078", "r1183", "r1185" ] }, "peb_DebtInstrumentUnamortizedDiscountPremiumNetAndDeferredFinancingCostsNet": { "xbrltype": "monetaryItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "DebtInstrumentUnamortizedDiscountPremiumNetAndDeferredFinancingCostsNet", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails": { "parentTag": "us-gaap_LongTermDebt", "weight": -1.0, "order": 2.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/DebtFutureMinimumPrincipalPaymentsforDebtDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Unamortized debt premium and deferred financing costs, net", "label": "Debt Instrument, Unamortized Discount (Premium), Net And Deferred Financing Costs, Net", "documentation": "Debt Instrument, Unamortized Discount (Premium), Net And Deferred Financing Costs, Net" } } }, "auth_ref": [] }, "peb_DebtInstrumentUnsecuredIndebtednessPercentage": { "xbrltype": "pureItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "DebtInstrumentUnsecuredIndebtednessPercentage", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Unsecured indebtedness, percentage", "label": "Debt Instrument, Unsecured Indebtedness, Percentage", "documentation": "Debt Instrument, Unsecured Indebtedness, Percentage" } } }, "auth_ref": [] }, "us-gaap_DeferredIncomeTaxExpenseBenefit": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DeferredIncomeTaxExpenseBenefit", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "terseLabel": "Provision (benefit) for deferred income taxes", "label": "Deferred Income Tax Expense (Benefit)", "documentation": "Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations." } } }, "auth_ref": [ "r6", "r137", "r1071", "r1077" ] }, "us-gaap_DelayedDrawTermLoanMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DelayedDrawTermLoanMember", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Delayed Draw Term Loan (DDTL)", "label": "Delayed Draw Term Loan (DDTL) [Member]", "documentation": "Term loan allowing borrower to withdraw predefined amount of preapproved loan within predetermined period." } } }, "auth_ref": [ "r1233", "r1234" ] }, "us-gaap_DerivativeContractTypeDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DerivativeContractTypeDomain", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofInterestRateSwapsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Derivative Contract [Domain]", "label": "Derivative Contract [Domain]", "documentation": "Financial instrument or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset." } } }, "auth_ref": [ "r215", "r513", "r514", "r515", "r516", "r517", "r518", "r519", "r520", "r521", "r522", "r523", "r524", "r525", "r526", "r527", "r528", "r529", "r530", "r531", "r532", "r533", "r534", "r535", "r536", "r708", "r710", "r724", "r725", "r726", "r728", "r729", "r730", "r731", "r733", "r734", "r735", "r736", "r745", "r746", "r747", "r748", "r751", "r752", "r753", "r754", "r772", "r773", "r774", "r775", "r809", "r810", "r813", "r854", "r855", "r883", "r885", "r1011", "r1012", "r1013", "r1014", "r1015", "r1016", "r1017", "r1018", "r1019", "r1158", "r1159", "r1160", "r1161", "r1170", "r1171", "r1172", "r1173", "r1174", "r1175", "r1176", "r1177" ] }, "us-gaap_DerivativeFairValueOfDerivativeAsset": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DerivativeFairValueOfDerivativeAsset", "crdr": "debit", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Derivative instruments, asset position, fair value", "label": "Derivative Asset, Subject to Master Netting Arrangement, before Offset", "documentation": "Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement." } } }, "auth_ref": [ "r13", "r199", "r544", "r809", "r811", "r812", "r813" ] }, "us-gaap_DerivativeFairValueOfDerivativeLiability": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DerivativeFairValueOfDerivativeLiability", "crdr": "credit", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Derivative instruments, liability position, fair value", "label": "Derivative Liability, Subject to Master Netting Arrangement, before Offset", "documentation": "Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement." } } }, "auth_ref": [ "r13", "r199", "r544", "r809", "r811", "r812", "r813" ] }, "us-gaap_DerivativeInstrumentRiskAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DerivativeInstrumentRiskAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofInterestRateSwapsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Derivative Instrument [Axis]", "label": "Derivative Instrument [Axis]", "documentation": "Information by type of derivative contract." } } }, "auth_ref": [ "r215", "r513", "r514", "r515", "r516", "r517", "r518", "r519", "r520", "r521", "r522", "r523", "r524", "r525", "r526", "r527", "r528", "r529", "r530", "r531", "r532", "r533", "r534", "r535", "r536", "r708", "r710", "r724", "r725", "r726", "r728", "r729", "r730", "r731", "r733", "r734", "r735", "r736", "r745", "r746", "r747", "r748", "r751", "r752", "r753", "r754", "r772", "r773", "r774", "r775", "r809", "r810", "r813", "r854", "r855", "r883", "r885", "r1011", "r1012", "r1013", "r1014", "r1015", "r1016", "r1017", "r1018", "r1019", "r1158", "r1159", "r1160", "r1161", "r1170", "r1171", "r1172", "r1173", "r1174", "r1175", "r1176", "r1177" ] }, "us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtScheduleofInterestRateSwapsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Derivative Instruments and Hedging Activities Disclosures [Line Items]", "label": "Derivative Instruments and Hedging Activities Disclosures [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r537", "r538", "r540", "r541", "r542", "r543", "r854" ] }, "us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DerivativeInstrumentsAndHedgingActivitiesDisclosuresTable", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtScheduleofInterestRateSwapsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Derivative Instruments and Hedging Activities Disclosures [Table]", "label": "Derivative Instruments and Hedging Activities Disclosures [Table]", "documentation": "Disclosure of information about derivatives and hedging activities." } } }, "auth_ref": [ "r537", "r538", "r539", "r540", "r541", "r542", "r543", "r854" ] }, "us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DerivativeInstrumentsGainLossByHedgingRelationshipAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtScheduleofInterestRateSwapsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Hedging Relationship [Axis]", "label": "Hedging Relationship [Axis]", "documentation": "Information by type of hedging relationship." } } }, "auth_ref": [] }, "us-gaap_DerivativeNotionalAmount": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DerivativeNotionalAmount", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtScheduleofInterestRateSwapsDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Notional value", "label": "Derivative, Notional Amount", "documentation": "Nominal or face amount used to calculate payment on derivative." } } }, "auth_ref": [ "r854", "r1149", "r1150" ] }, "us-gaap_DerivativeVariableInterestRate": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DerivativeVariableInterestRate", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtScheduleofInterestRateSwapsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Interest rate", "label": "Derivative, Variable Interest Rate", "documentation": "Variable interest rate in effect as of the balance sheet date related to the interest rate derivative." } } }, "auth_ref": [] }, "us-gaap_DesignatedAsHedgingInstrumentMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DesignatedAsHedgingInstrumentMember", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtScheduleofInterestRateSwapsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Designated as Hedging Instrument", "label": "Designated as Hedging Instrument [Member]", "documentation": "Derivative instrument designated as hedging instrument under Generally Accepted Accounting Principles (GAAP)." } } }, "auth_ref": [] }, "us-gaap_DevelopmentInProcess": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DevelopmentInProcess", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesScheduleofInvestmentinHotelPropertiesDetails": { "parentTag": "peb_RealEstateInvestmentPropertyExcludingOperatingLeaseRightOfUseAssetAtCost", "weight": 1.0, "order": 5.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesScheduleofInvestmentinHotelPropertiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Construction in progress", "label": "Development in Process", "documentation": "The current amount of expenditures for a real estate project that has not yet been completed." } } }, "auth_ref": [ "r1198", "r1199" ] }, "srt_DirectorMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "DirectorMember", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity" ], "lang": { "en-us": { "role": { "terseLabel": "Director", "label": "Director [Member]", "documentation": "Person serving on board of directors." } } }, "auth_ref": [ "r1004", "r1091", "r1236" ] }, "us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlan" ], "lang": { "en-us": { "role": { "verboseLabel": "Share-Based Compensation Plan", "label": "Share-Based Payment Arrangement [Text Block]", "documentation": "The entire disclosure for share-based payment arrangement." } } }, "auth_ref": [ "r441", "r444", "r473", "r474", "r475", "r846" ] }, "us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract", "lang": { "en-us": { "role": { "terseLabel": "Share-based Payment Arrangement [Abstract]", "label": "Share-Based Payment Arrangement [Abstract]" } } }, "auth_ref": [] }, "us-gaap_DividendsCommonStock": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DividendsCommonStock", "crdr": "debit", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Distributions on common shares/units", "label": "Dividends, Common Stock", "documentation": "Amount of paid and unpaid common stock dividends declared with the form of settlement in cash, stock and payment-in-kind (PIK)." } } }, "auth_ref": [ "r2", "r110" ] }, "us-gaap_DividendsDeclaredTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DividendsDeclaredTableTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Dividends Declared", "label": "Dividends Declared [Table Text Block]", "documentation": "Tabular disclosure of information related to dividends declared, including paid and unpaid dividends." } } }, "auth_ref": [] }, "us-gaap_DividendsPayableCurrentAndNoncurrent": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DividendsPayableCurrentAndNoncurrent", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets": { "parentTag": "us-gaap_Liabilities", "weight": 1.0, "order": 6.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets", "http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlowsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Distribution payable", "verboseLabel": "Distributions payable on shares/units", "label": "Dividends Payable", "documentation": "Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding." } } }, "auth_ref": [ "r64", "r70", "r118", "r893", "r1200" ] }, "us-gaap_DividendsPayableLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DividendsPayableLineItems", "presentation": [ "http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlowsDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Non Cash Investing and Financing Information [Line Items]", "label": "Dividends Payable [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [] }, "us-gaap_DividendsPayableTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DividendsPayableTable", "presentation": [ "http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlowsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Dividends Payable [Table]", "label": "Dividends Payable [Table]", "documentation": "Disclosure of information about distribution of earnings to shareholder declared but not yet paid. Includes, but is not limited to, total amount and amount per share of distribution, declaration date, and date to be paid." } } }, "auth_ref": [ "r25" ] }, "us-gaap_DividendsPreferredStock": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DividendsPreferredStock", "crdr": "debit", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Distributions on preferred shares/units", "label": "Dividends, Preferred Stock", "documentation": "Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash, stock and payment-in-kind (PIK)." } } }, "auth_ref": [ "r2", "r110" ] }, "us-gaap_DividendsShareBasedCompensation": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "DividendsShareBasedCompensation", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/EarningsLossPerShareScheduleofReconciliationofBasicandDilutedEPSDetails": { "parentTag": "peb_NetIncomeLossAvailableToCommonStockholdersLessDividendsBasic", "weight": -1.0, "order": 2.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/EarningsLossPerShareScheduleofReconciliationofBasicandDilutedEPSDetails" ], "lang": { "en-us": { "role": { "negatedLabel": "Less: Dividends paid on unvested share-based compensation", "label": "Dividend, Share-Based Payment Arrangement", "documentation": "Amount of paid and unpaid cash, stock, and paid-in-kind dividends declared for award under share-based payment arrangement." } } }, "auth_ref": [ "r1144" ] }, "dei_DocumentFiscalPeriodFocus": { "xbrltype": "fiscalPeriodItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "DocumentFiscalPeriodFocus", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Document Fiscal Period Focus", "label": "Document Fiscal Period Focus", "documentation": "Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY." } } }, "auth_ref": [] }, "dei_DocumentFiscalYearFocus": { "xbrltype": "gYearItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "DocumentFiscalYearFocus", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Document Fiscal Year Focus", "label": "Document Fiscal Year Focus", "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006." } } }, "auth_ref": [] }, "dei_DocumentInformationLineItems": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "DocumentInformationLineItems", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Document Information [Line Items]", "label": "Document Information [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [] }, "dei_DocumentPeriodEndDate": { "xbrltype": "dateItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "DocumentPeriodEndDate", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Document Period End Date", "label": "Document Period End Date", "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD." } } }, "auth_ref": [] }, "dei_DocumentQuarterlyReport": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "DocumentQuarterlyReport", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Document Quarterly Report", "label": "Document Quarterly Report", "documentation": "Boolean flag that is true only for a form used as an quarterly report." } } }, "auth_ref": [ "r900" ] }, "dei_DocumentTransitionReport": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "DocumentTransitionReport", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Document Transition Report", "label": "Document Transition Report", "documentation": "Boolean flag that is true only for a form used as a transition report." } } }, "auth_ref": [ "r932" ] }, "dei_DocumentType": { "xbrltype": "submissionTypeItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "DocumentType", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Document Type", "label": "Document Type", "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'." } } }, "auth_ref": [] }, "ecd_DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year", "label": "Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year [Member]" } } }, "auth_ref": [ "r943" ] }, "peb_EarningsBeforeInterestTaxDepreciationAndAmortization": { "xbrltype": "monetaryItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "EarningsBeforeInterestTaxDepreciationAndAmortization", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "totalLabel": "Hotel EBITDA", "label": "Earnings Before Interest Tax Depreciation And Amortization", "documentation": "Earnings Before Interest Tax Depreciation And Amortization" } } }, "auth_ref": [] }, "us-gaap_EarningsPerShareAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "EarningsPerShareAbstract", "lang": { "en-us": { "role": { "terseLabel": "Earnings Per Share [Abstract]", "label": "Earnings Per Share [Abstract]" } } }, "auth_ref": [] }, "us-gaap_EarningsPerShareBasic": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "EarningsPerShareBasic", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome", "http://www.pebblebrookhotels.com/role/EarningsLossPerShareScheduleofReconciliationofBasicandDilutedEPSDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Net income (loss) per share available to common shareholders, basic (in usd per share)", "verboseLabel": "Net income (loss) per share available to common shareholders \u2014 basic (in usd per share)", "label": "Earnings Per Share, Basic", "documentation": "The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period." } } }, "auth_ref": [ "r186", "r213", "r239", "r240", "r241", "r242", "r243", "r244", "r245", "r246", "r251", "r254", "r258", "r259", "r260", "r264", "r393", "r476", "r500", "r505", "r558", "r559", "r623", "r650", "r819" ] }, "us-gaap_EarningsPerShareDiluted": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "EarningsPerShareDiluted", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome", "http://www.pebblebrookhotels.com/role/EarningsLossPerShareScheduleofReconciliationofBasicandDilutedEPSDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Net income (loss) per share available to common shareholders, diluted (in usd per share)", "terseLabel": "Net income (loss) per share available to common shareholders \u2014 diluted (in usd per share)", "label": "Earnings Per Share, Diluted", "documentation": "The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period." } } }, "auth_ref": [ "r186", "r213", "r239", "r240", "r241", "r242", "r243", "r244", "r245", "r246", "r254", "r258", "r259", "r260", "r264", "r393", "r476", "r500", "r505", "r558", "r559", "r623", "r650", "r819" ] }, "us-gaap_EarningsPerShareReconciliationAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "EarningsPerShareReconciliationAbstract", "presentation": [ "http://www.pebblebrookhotels.com/role/EarningsLossPerShareScheduleofReconciliationofBasicandDilutedEPSDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Reconciliation of basic and diluted earnings per common share", "label": "Earnings Per Share Reconciliation [Abstract]" } } }, "auth_ref": [] }, "us-gaap_EarningsPerShareTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "EarningsPerShareTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/EarningsLossPerShare" ], "lang": { "en-us": { "role": { "verboseLabel": "Earnings (Loss) Per Share", "label": "Earnings Per Share [Text Block]", "documentation": "The entire disclosure for earnings per share." } } }, "auth_ref": [ "r250", "r261", "r262", "r263" ] }, "us-gaap_EmployeeStockOptionMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "EmployeeStockOptionMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Employee Stock Option", "label": "Share-Based Payment Arrangement, Option [Member]", "documentation": "Share-based payment arrangement granting right, subject to vesting and other restrictions, to purchase or sell certain number of shares at predetermined price for specified period of time." } } }, "auth_ref": [ "r1117", "r1118", "r1119", "r1120", "r1121", "r1122", "r1123", "r1124", "r1125", "r1126", "r1127", "r1129", "r1130", "r1131", "r1132", "r1133", "r1134", "r1135", "r1136", "r1137", "r1138", "r1139", "r1140", "r1141", "r1142", "r1143" ] }, "dei_EntitiesTable": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntitiesTable", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entities [Table]", "label": "Entities [Table]", "documentation": "Container to assemble all relevant information about each entity associated with the document instance" } } }, "auth_ref": [] }, "dei_EntityAddressAddressLine1": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityAddressAddressLine1", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Address, Address Line One", "label": "Entity Address, Address Line One", "documentation": "Address Line 1 such as Attn, Building Name, Street Name" } } }, "auth_ref": [] }, "dei_EntityAddressAddressLine2": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityAddressAddressLine2", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Address, Address Line Two", "label": "Entity Address, Address Line Two", "documentation": "Address Line 2 such as Street or Suite number" } } }, "auth_ref": [] }, "dei_EntityAddressCityOrTown": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityAddressCityOrTown", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Address, City or Town", "label": "Entity Address, City or Town", "documentation": "Name of the City or Town" } } }, "auth_ref": [] }, "dei_EntityAddressPostalZipCode": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityAddressPostalZipCode", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Address, Postal Zip Code", "label": "Entity Address, Postal Zip Code", "documentation": "Code for the postal or zip code" } } }, "auth_ref": [] }, "dei_EntityAddressStateOrProvince": { "xbrltype": "stateOrProvinceItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityAddressStateOrProvince", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Address, State or Province", "label": "Entity Address, State or Province", "documentation": "Name of the state or province." } } }, "auth_ref": [] }, "dei_EntityCentralIndexKey": { "xbrltype": "centralIndexKeyItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityCentralIndexKey", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Central Index Key", "label": "Entity Central Index Key", "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK." } } }, "auth_ref": [ "r898" ] }, "dei_EntityCommonStockSharesOutstanding": { "xbrltype": "sharesItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityCommonStockSharesOutstanding", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Common Stock, Shares Outstanding", "label": "Entity Common Stock, Shares Outstanding", "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument." } } }, "auth_ref": [] }, "dei_EntityCurrentReportingStatus": { "xbrltype": "yesNoItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityCurrentReportingStatus", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Current Reporting Status", "label": "Entity Current Reporting Status", "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure." } } }, "auth_ref": [] }, "dei_EntityDomain": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityDomain", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Entity [Domain]", "label": "Entity [Domain]", "documentation": "All the names of the entities being reported upon in a document. Any legal structure used to conduct activities or to hold assets. Some examples of such structures are corporations, partnerships, limited liability companies, grantor trusts, and other trusts. This item does not include business and geographical segments which are included in the geographical or business segments domains." } } }, "auth_ref": [] }, "dei_EntityEmergingGrowthCompany": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityEmergingGrowthCompany", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Emerging Growth Company", "label": "Entity Emerging Growth Company", "documentation": "Indicate if registrant meets the emerging growth company criteria." } } }, "auth_ref": [ "r898" ] }, "dei_EntityFileNumber": { "xbrltype": "fileNumberItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityFileNumber", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity File Number", "label": "Entity File Number", "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen." } } }, "auth_ref": [] }, "dei_EntityFilerCategory": { "xbrltype": "filerCategoryItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityFilerCategory", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Filer Category", "label": "Entity Filer Category", "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure." } } }, "auth_ref": [ "r898" ] }, "dei_EntityIncorporationStateCountryCode": { "xbrltype": "edgarStateCountryItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityIncorporationStateCountryCode", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Incorporation, State or Country Code", "label": "Entity Incorporation, State or Country Code", "documentation": "Two-character EDGAR code representing the state or country of incorporation." } } }, "auth_ref": [] }, "dei_EntityInteractiveDataCurrent": { "xbrltype": "yesNoItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityInteractiveDataCurrent", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Interactive Data Current", "label": "Entity Interactive Data Current", "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files)." } } }, "auth_ref": [ "r982" ] }, "dei_EntityRegistrantName": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityRegistrantName", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Registrant Name", "label": "Entity Registrant Name", "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC." } } }, "auth_ref": [ "r898" ] }, "dei_EntityShellCompany": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityShellCompany", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Shell Company", "label": "Entity Shell Company", "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act." } } }, "auth_ref": [ "r898" ] }, "dei_EntitySmallBusiness": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntitySmallBusiness", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Small Business", "label": "Entity Small Business", "documentation": "Indicates that the company is a Smaller Reporting Company (SRC)." } } }, "auth_ref": [ "r898" ] }, "dei_EntityTaxIdentificationNumber": { "xbrltype": "employerIdItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "EntityTaxIdentificationNumber", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Tax Identification Number", "label": "Entity Tax Identification Number", "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS." } } }, "auth_ref": [ "r898" ] }, "us-gaap_EntityWideInformationRevenueFromExternalCustomerLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "EntityWideInformationRevenueFromExternalCustomerLineItems", "presentation": [ "http://www.pebblebrookhotels.com/role/RevenueNarrativeDetails", "http://www.pebblebrookhotels.com/role/RevenueRevenueByGeographicLocationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Revenue from External Customer [Line Items]", "label": "Revenue from External Customer [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [] }, "ecd_EqtyAwrdsAdjFnTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "EqtyAwrdsAdjFnTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Equity Awards Adjustments, Footnote", "label": "Equity Awards Adjustments, Footnote [Text Block]" } } }, "auth_ref": [ "r937" ] }, "ecd_EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Equity Awards Adjustments, Excluding Value Reported in Compensation Table", "label": "Equity Awards Adjustments, Excluding Value Reported in the Compensation Table [Member]" } } }, "auth_ref": [ "r978" ] }, "ecd_EqtyAwrdsAdjsMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "EqtyAwrdsAdjsMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Equity Awards Adjustments", "label": "Equity Awards Adjustments [Member]" } } }, "auth_ref": [ "r978" ] }, "ecd_EqtyAwrdsInSummryCompstnTblForAplblYrMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "EqtyAwrdsInSummryCompstnTblForAplblYrMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table", "label": "Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table [Member]" } } }, "auth_ref": [ "r978" ] }, "us-gaap_EquityAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "EquityAbstract", "lang": { "en-us": { "role": { "terseLabel": "Equity [Abstract]", "label": "Equity [Abstract]" } } }, "auth_ref": [] }, "us-gaap_EquityComponentDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "EquityComponentDomain", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity", "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Equity Component [Domain]", "label": "Equity Component [Domain]", "documentation": "Components of equity are the parts of the total Equity balance including that which is allocated to common, preferred, treasury stock, retained earnings, etc." } } }, "auth_ref": [ "r11", "r183", "r185", "r186", "r207", "r208", "r209", "r234", "r235", "r236", "r238", "r245", "r247", "r249", "r266", "r311", "r312", "r332", "r392", "r422", "r476", "r490", "r491", "r497", "r498", "r499", "r501", "r504", "r505", "r546", "r547", "r548", "r549", "r550", "r551", "r552", "r553", "r554", "r555", "r557", "r562", "r563", "r564", "r565", "r566", "r567", "r570", "r572", "r580", "r646", "r672", "r673", "r674", "r692", "r757" ] }, "us-gaap_EquityInterestIssuedOrIssuableByTypeAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "EquityInterestIssuedOrIssuableByTypeAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Business Combination, Consideration Transferred, Equity Interest, Type [Axis]", "label": "Business Combination, Consideration Transferred, Equity Interest, Type [Axis]", "documentation": "Information by type of equity interest issued or issuable by acquirer as part of consideration transferred in business combination." } } }, "auth_ref": [ "r1146", "r1147" ] }, "us-gaap_EquityInterestIssuedOrIssuableTypeDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "EquityInterestIssuedOrIssuableTypeDomain", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Business Combination, Consideration Transferred, Equity Interest, Type [Domain]", "label": "Business Combination, Consideration Transferred, Equity Interest, Type [Domain]", "documentation": "Type of equity interest issued or issuable by acquirer as part of consideration transferred in business combination." } } }, "auth_ref": [ "r1146", "r1147" ] }, "ecd_EquityValuationAssumptionDifferenceFnTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "EquityValuationAssumptionDifferenceFnTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Equity Valuation Assumption Difference, Footnote", "label": "Equity Valuation Assumption Difference, Footnote [Text Block]" } } }, "auth_ref": [ "r947" ] }, "ecd_ErrCompAnalysisTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "ErrCompAnalysisTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Erroneous Compensation Analysis", "label": "Erroneous Compensation Analysis [Text Block]" } } }, "auth_ref": [ "r905", "r915", "r925", "r957" ] }, "ecd_ErrCompRecoveryTable": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "ErrCompRecoveryTable", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Erroneously Awarded Compensation Recovery", "label": "Erroneously Awarded Compensation Recovery [Table]" } } }, "auth_ref": [ "r902", "r912", "r922", "r954" ] }, "peb_EstanciaLaJollaHotelSpaMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "EstanciaLaJollaHotelSpaMember", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Estancia La Jolla Hotel & Spa", "label": "Estancia La Jolla Hotel & Spa [Member]", "documentation": "Estancia La Jolla Hotel & Spa" } } }, "auth_ref": [] }, "ecd_ExecutiveCategoryAxis": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "ExecutiveCategoryAxis", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Executive Category:", "label": "Executive Category [Axis]" } } }, "auth_ref": [ "r953" ] }, "peb_February2023ShareRepurchaseProgramMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "February2023ShareRepurchaseProgramMember", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "2023 Share Repurchase Program", "label": "February 2023 Share Repurchase Program [Member]", "documentation": "February 2023 Share Repurchase Program" } } }, "auth_ref": [] }, "us-gaap_FinanceLeaseLiability": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FinanceLeaseLiability", "crdr": "credit", "presentation": [ "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Lease liabilities - financing leases", "label": "Finance Lease, Liability", "documentation": "Present value of lessee's discounted obligation for lease payments from finance lease." } } }, "auth_ref": [ "r574", "r579" ] }, "us-gaap_FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList": { "xbrltype": "enumerationSetItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList", "presentation": [ "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Finance lease, liability, statement of financial position [extensible enumeration]", "label": "Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]", "documentation": "Indicates line item in statement of financial position that includes finance lease liability." } } }, "auth_ref": [ "r575" ] }, "us-gaap_FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesScheduleofInvestmentinHotelPropertiesDetails": { "parentTag": "peb_RealEstateInvestmentPropertyExcludingOperatingLeaseRightOfUseAssetAtCost", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesScheduleofInvestmentinHotelPropertiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Finance lease asset", "label": "Finance Lease, Right-of-Use Asset, before Accumulated Amortization", "documentation": "Amount, before accumulated amortization, of right-of-use asset from finance lease." } } }, "auth_ref": [ "r984" ] }, "peb_FixedLeaseCost": { "xbrltype": "monetaryItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "FixedLeaseCost", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesScheduleofComponentsofGroundLeasesDetails": { "parentTag": "us-gaap_LeaseCost", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesScheduleofComponentsofGroundLeasesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Fixed ground rent", "label": "Fixed Lease, Cost", "documentation": "Fixed Lease, Cost" } } }, "auth_ref": [] }, "peb_FixedRateDebtMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "FixedRateDebtMember", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Fixed Rate Debt", "label": "Fixed Rate Debt [Member]", "documentation": "Fixed Rate Debt" } } }, "auth_ref": [] }, "us-gaap_FoodAndBeverageMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FoodAndBeverageMember", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome", "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Food and beverage", "label": "Food and Beverage [Member]", "documentation": "Consumable liquid and non-liquid substance to provide nourishment." } } }, "auth_ref": [ "r585", "r1113", "r1114" ] }, "ecd_ForgoneRecoveryDueToDisqualificationOfTaxBenefitsAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "ForgoneRecoveryDueToDisqualificationOfTaxBenefitsAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Forgone Recovery due to Disqualification of Tax Benefits, Amount", "label": "Forgone Recovery due to Disqualification of Tax Benefits, Amount" } } }, "auth_ref": [ "r909", "r919", "r929", "r961" ] }, "ecd_ForgoneRecoveryDueToExpenseOfEnforcementAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "ForgoneRecoveryDueToExpenseOfEnforcementAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Forgone Recovery due to Expense of Enforcement, Amount", "label": "Forgone Recovery due to Expense of Enforcement, Amount" } } }, "auth_ref": [ "r909", "r919", "r929", "r961" ] }, "ecd_ForgoneRecoveryDueToViolationOfHomeCountryLawAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "ForgoneRecoveryDueToViolationOfHomeCountryLawAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Forgone Recovery due to Violation of Home Country Law, Amount", "label": "Forgone Recovery due to Violation of Home Country Law, Amount" } } }, "auth_ref": [ "r909", "r919", "r929", "r961" ] }, "ecd_ForgoneRecoveryExplanationOfImpracticabilityTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "ForgoneRecoveryExplanationOfImpracticabilityTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Forgone Recovery, Explanation of Impracticability", "label": "Forgone Recovery, Explanation of Impracticability [Text Block]" } } }, "auth_ref": [ "r909", "r919", "r929", "r961" ] }, "ecd_ForgoneRecoveryIndName": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "ForgoneRecoveryIndName", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Name", "label": "Forgone Recovery, Individual Name" } } }, "auth_ref": [ "r909", "r919", "r929", "r961" ] }, "ecd_FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year", "label": "Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year [Member]" } } }, "auth_ref": [ "r942" ] }, "us-gaap_FurnitureAndFixturesGross": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "FurnitureAndFixturesGross", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesScheduleofInvestmentinHotelPropertiesDetails": { "parentTag": "peb_RealEstateInvestmentPropertyExcludingOperatingLeaseRightOfUseAssetAtCost", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesScheduleofInvestmentinHotelPropertiesDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Furniture, fixtures and equipment", "label": "Furniture and Fixtures, Gross", "documentation": "Amount before accumulated depreciation of equipment commonly used in offices and stores that have no permanent connection to the structure of a building or utilities. Examples include, but are not limited to, desks, chairs, tables, and bookcases." } } }, "auth_ref": [ "r99" ] }, "us-gaap_GainOnBusinessInterruptionInsuranceRecovery": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "GainOnBusinessInterruptionInsuranceRecovery", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome": { "parentTag": "us-gaap_CostsAndExpenses", "weight": -1.0, "order": 6.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome", "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Business interruption insurance income", "terseLabel": "Business interruption insurance income", "label": "Gain on Business Interruption Insurance Recovery", "documentation": "The net amount (to the extent disclosed within this portion of the income statement) by which an insurance settlement exceeds incremental costs incurred from the event causing an interruption of business, plus the insurance award for earnings lost from the event, such as a natural catastrophe, explosion or fire." } } }, "auth_ref": [ "r88" ] }, "us-gaap_GeneralAndAdministrativeExpense": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "GeneralAndAdministrativeExpense", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome": { "parentTag": "us-gaap_CostsAndExpenses", "weight": 1.0, "order": 4.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome" ], "lang": { "en-us": { "role": { "verboseLabel": "General and administrative", "label": "General and Administrative Expense", "documentation": "The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line." } } }, "auth_ref": [ "r84", "r742" ] }, "us-gaap_HedgingDesignationAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "HedgingDesignationAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtScheduleofInterestRateSwapsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Hedging Designation [Axis]", "label": "Hedging Designation [Axis]", "documentation": "Information by designation of purpose of derivative instrument." } } }, "auth_ref": [ "r1152", "r1155" ] }, "us-gaap_HedgingDesignationDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "HedgingDesignationDomain", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtScheduleofInterestRateSwapsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Hedging Designation [Domain]", "label": "Hedging Designation [Domain]", "documentation": "Designation of purpose of derivative instrument." } } }, "auth_ref": [ "r1152", "r1155" ] }, "us-gaap_HedgingRelationshipDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "HedgingRelationshipDomain", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtScheduleofInterestRateSwapsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Hedging Relationship [Domain]", "label": "Hedging Relationship [Domain]", "documentation": "Nature or intent of a hedge." } } }, "auth_ref": [] }, "srt_HotelMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "HotelMember", "presentation": [ "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Hotel", "label": "Hotel [Member]", "documentation": "Commercial establishment providing lodging, meal, meeting space and other related service." } } }, "auth_ref": [ "r180", "r585", "r990", "r999", "r1000", "r1001", "r1113", "r1114", "r1242", "r1243", "r1244", "r1245", "r1246" ] }, "us-gaap_HotelOtherMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "HotelOtherMember", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome" ], "lang": { "en-us": { "role": { "terseLabel": "Other operating", "label": "Hotel, Other [Member]", "documentation": "Commercial establishment providing lodging, meal, meeting space and other related service, classified as other." } } }, "auth_ref": [ "r1113", "r1114" ] }, "peb_HotelPalomarLosAngelesBeverlyHillsMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "HotelPalomarLosAngelesBeverlyHillsMember", "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesScheduleofHotelSubjecttoLeasesDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Hotel Palomar Los Angeles Beverly Hills", "label": "Hotel Palomar Los Angeles Beverly Hills [Member]", "documentation": "Hotel Palomar LA-Beverly Hills [Member]" } } }, "auth_ref": [] }, "peb_HotelZeppelinSanFranciscoMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "HotelZeppelinSanFranciscoMember", "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesScheduleofHotelSubjecttoLeasesDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Hotel Zeppelin San Francisco", "label": "Hotel Zeppelin San Francisco [Member]", "documentation": "Hotel Zeppelin San Francisco [Member]" } } }, "auth_ref": [] }, "us-gaap_ImpairmentOfRealEstate": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ImpairmentOfRealEstate", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome": { "parentTag": "us-gaap_CostsAndExpenses", "weight": 1.0, "order": 5.0 }, "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0, "order": 6.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows", "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome", "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesNarrativeDetails", "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Impairment", "negatedTerseLabel": "Impairment", "label": "Impairment of Real Estate", "documentation": "The charge against earnings in the period to reduce the carrying amount of real property to fair value." } } }, "auth_ref": [ "r1069", "r1093" ] }, "peb_ImpairmentOfRealEstateNumberOfProperties": { "xbrltype": "integerItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "ImpairmentOfRealEstateNumberOfProperties", "presentation": [ "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Number of properties", "label": "Impairment of Real Estate, Number of Properties", "documentation": "Impairment of Real Estate, Number of Properties" } } }, "auth_ref": [] }, "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome": { "parentTag": "us-gaap_ProfitLoss", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome" ], "lang": { "en-us": { "role": { "totalLabel": "Income (loss) before income taxes", "label": "Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest", "documentation": "Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest." } } }, "auth_ref": [ "r81", "r123", "r128", "r624", "r626", "r642", "r815", "r817", "r818", "r823", "r828", "r1086", "r1087", "r1088", "r1089", "r1090" ] }, "us-gaap_IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncomeLossFromIndividuallySignificantComponentDisposedOfOrHeldForSaleExcludingDiscontinuedOperationsBeforeIncomeTax", "crdr": "credit", "presentation": [ "http://www.pebblebrookhotels.com/role/AcquisitionandDispositionofHotelPropertiesDetails" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Operating loss from disposed properties", "label": "Income (Loss) from Individually Significant Component Disposed of or Held-for-Sale, Excluding Discontinued Operations, before Income Tax", "documentation": "Amount before tax of income (loss) from an individually significant component disposed of or held-for-sale including the portion attributable to the noncontrolling interest. Excludes discontinued operations." } } }, "auth_ref": [ "r101", "r334" ] }, "us-gaap_IncomeStatementAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncomeStatementAbstract", "lang": { "en-us": { "role": { "terseLabel": "Income Statement [Abstract]", "label": "Income Statement [Abstract]" } } }, "auth_ref": [] }, "us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems", "presentation": [ "http://www.pebblebrookhotels.com/role/AcquisitionandDispositionofHotelPropertiesDispositionofHotelPropertiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]", "label": "Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r334", "r335" ] }, "us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable", "presentation": [ "http://www.pebblebrookhotels.com/role/AcquisitionandDispositionofHotelPropertiesDispositionofHotelPropertiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Disposal Groups, Including Discontinued Operations [Table]", "label": "Disposal Groups, Including Discontinued Operations [Table]", "documentation": "Disclosure of information about 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." } } }, "auth_ref": [ "r9", "r12", "r16", "r53", "r54", "r55", "r56", "r57", "r58", "r59", "r60", "r61", "r100", "r334", "r335" ] }, "us-gaap_IncomeTaxDisclosureAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncomeTaxDisclosureAbstract", "lang": { "en-us": { "role": { "terseLabel": "Income Tax Disclosure [Abstract]", "label": "Income Tax Disclosure [Abstract]" } } }, "auth_ref": [] }, "us-gaap_IncomeTaxDisclosureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncomeTaxDisclosureTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/IncomeTaxes" ], "lang": { "en-us": { "role": { "terseLabel": "Income Taxes", "label": "Income Tax Disclosure [Text Block]", "documentation": "The entire disclosure for income tax." } } }, "auth_ref": [ "r225", "r231", "r480", "r482", "r483", "r484", "r485", "r486", "r487", "r492", "r494", "r495", "r496", "r629", "r679", "r689", "r847" ] }, "us-gaap_IncomeTaxExpenseBenefit": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncomeTaxExpenseBenefit", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome": { "parentTag": "us-gaap_ProfitLoss", "weight": -1.0, "order": 2.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome", "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "negatedLabel": "Income tax (expense) benefit", "negatedTerseLabel": "Income tax (expense) benefit", "label": "Income Tax Expense (Benefit)", "documentation": "Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations." } } }, "auth_ref": [ "r130", "r138", "r225", "r248", "r249", "r265", "r286", "r300", "r481", "r482", "r493", "r651", "r815", "r817", "r818", "r847" ] }, "us-gaap_IncomeTaxesPaidNet": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncomeTaxesPaidNet", "crdr": "credit", "presentation": [ "http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlowsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Income taxes paid (refunded)", "label": "Income Taxes Paid, Net", "documentation": "Amount, after refund, of cash paid to foreign, federal, state, and local jurisdictions as income tax." } } }, "auth_ref": [ "r24", "r221", "r488", "r489" ] }, "us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncreaseDecreaseInAccountsPayableAndAccruedLiabilities", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0, "order": 11.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "verboseLabel": "Accounts payable and accrued expenses", "label": "Increase (Decrease) in Accounts Payable and Accrued Liabilities", "documentation": "The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid." } } }, "auth_ref": [ "r5" ] }, "us-gaap_IncreaseDecreaseInAccountsReceivable": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncreaseDecreaseInAccountsReceivable", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0, "order": 9.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "negatedLabel": "Hotel receivables", "label": "Increase (Decrease) in Accounts Receivable", "documentation": "The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services." } } }, "auth_ref": [ "r5" ] }, "us-gaap_IncreaseDecreaseInContractWithCustomerLiability": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncreaseDecreaseInContractWithCustomerLiability", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0, "order": 12.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "terseLabel": "Deferred revenues", "label": "Increase (Decrease) in Contract with Customer, Liability", "documentation": "Amount of increase (decrease) in obligation to transfer good or service to customer for which consideration has been received or is receivable." } } }, "auth_ref": [ "r584", "r1068" ] }, "us-gaap_IncreaseDecreaseInOperatingCapitalAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncreaseDecreaseInOperatingCapitalAbstract", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "verboseLabel": "Changes in assets and liabilities:", "label": "Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital [Abstract]" } } }, "auth_ref": [] }, "us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0, "order": 10.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "negatedLabel": "Prepaid expenses and other assets", "label": "Increase (Decrease) in Prepaid Expense and Other Assets", "documentation": "Amount of increase (decrease) in prepaid expenses, and assets classified as other." } } }, "auth_ref": [ "r5" ] }, "us-gaap_IncreaseDecreaseInStockholdersEquityRollForward": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "IncreaseDecreaseInStockholdersEquityRollForward", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity" ], "lang": { "en-us": { "role": { "terseLabel": "Increase (Decrease) in Stockholders' Equity [Roll Forward]", "label": "Increase (Decrease) in Stockholders' Equity [Roll Forward]", "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period." } } }, "auth_ref": [] }, "ecd_IndividualAxis": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "IndividualAxis", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure", "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure", "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements", "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Individual:", "label": "Individual [Axis]" } } }, "auth_ref": [ "r909", "r919", "r929", "r953", "r961", "r965", "r973" ] }, "peb_InnOnFifthMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "InnOnFifthMember", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Inn On Fifth", "label": "Inn On Fifth [Member]", "documentation": "Inn On Fifth" } } }, "auth_ref": [] }, "ecd_InsiderTradingArrLineItems": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "InsiderTradingArrLineItems", "lang": { "en-us": { "role": { "label": "Insider Trading Arrangements [Line Items]" } } }, "auth_ref": [ "r971" ] }, "ecd_InsiderTradingPoliciesProcLineItems": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "InsiderTradingPoliciesProcLineItems", "lang": { "en-us": { "role": { "label": "Insider Trading Policies and Procedures [Line Items]" } } }, "auth_ref": [ "r901", "r977" ] }, "ecd_InsiderTrdPoliciesProcAdoptedFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "InsiderTrdPoliciesProcAdoptedFlag", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingPoliciesProc" ], "lang": { "en-us": { "role": { "terseLabel": "Insider Trading Policies and Procedures Adopted", "label": "Insider Trading Policies and Procedures Adopted [Flag]" } } }, "auth_ref": [ "r901", "r977" ] }, "ecd_InsiderTrdPoliciesProcNotAdoptedTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "InsiderTrdPoliciesProcNotAdoptedTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingPoliciesProc" ], "lang": { "en-us": { "role": { "terseLabel": "Insider Trading Policies and Procedures Not Adopted", "label": "Insider Trading Policies and Procedures Not Adopted [Text Block]" } } }, "auth_ref": [ "r901", "r977" ] }, "us-gaap_InterestExpenseDebtExcludingAmortization": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "InterestExpenseDebtExcludingAmortization", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofInterestExpenseDetails": { "parentTag": "us-gaap_InterestExpenseNonoperating", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofInterestExpenseDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Interest expense, debt", "label": "Interest Expense, Debt, Excluding Amortization", "documentation": "Represents the portion of interest incurred in the period on debt arrangements that was charged against earnings, excluding amortization of debt discount (premium) and financing costs." } } }, "auth_ref": [ "r85", "r383", "r838", "r839" ] }, "peb_InterestExpenseIncomeDebtOther": { "xbrltype": "monetaryItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "InterestExpenseIncomeDebtOther", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofInterestExpenseDetails": { "parentTag": "us-gaap_InterestExpenseNonoperating", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofInterestExpenseDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Other", "label": "Interest Expense (Income), Debt, Other", "documentation": "Interest Expense (Income), Debt, Other" } } }, "auth_ref": [] }, "us-gaap_InterestExpenseNonoperating": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "InterestExpenseNonoperating", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome": { "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest", "weight": -1.0, "order": 2.0 }, "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofInterestExpenseDetails": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofInterestExpenseDetails", "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "negatedLabel": "Interest expense", "totalLabel": "Total interest expense", "negatedTerseLabel": "Interest expense", "label": "Interest Expense, Nonoperating", "documentation": "Amount of interest expense classified as nonoperating." } } }, "auth_ref": [ "r282", "r815", "r818", "r1024" ] }, "us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "InterestIncomeAndInterestExpenseDisclosureTableTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Components of Interest Expense", "label": "Interest Income and Interest Expense Disclosure [Table Text Block]", "documentation": "Tabular disclosure of interest income and expense, including, but not limited to, interest income and expense from investments, loans, and securities." } } }, "auth_ref": [] }, "us-gaap_InterestPaidNet": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "InterestPaidNet", "crdr": "credit", "presentation": [ "http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlowsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Interest paid, net of capitalized interest", "label": "Interest Paid, Excluding Capitalized Interest, Operating Activity", "documentation": "Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount." } } }, "auth_ref": [ "r216", "r219", "r220" ] }, "us-gaap_InterestPayableCurrentAndNoncurrent": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "InterestPayableCurrentAndNoncurrent", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets": { "parentTag": "us-gaap_Liabilities", "weight": 1.0, "order": 4.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets" ], "lang": { "en-us": { "role": { "verboseLabel": "Accrued interest", "label": "Interest Payable", "documentation": "Amount of interest payable on debt, including, but not limited to, trade payables." } } }, "auth_ref": [ "r118", "r1200" ] }, "us-gaap_InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet", "crdr": "credit", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Expected reclassifications in next 12 months", "label": "Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net", "documentation": "The estimated net amount of unrealized gains or losses on interest rate cash flow hedges as of the balance sheet date expected to be reclassified to earnings within the next twelve months." } } }, "auth_ref": [ "r1163" ] }, "peb_InterestRateSwapDueMarch2028Member": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "InterestRateSwapDueMarch2028Member", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtScheduleofInterestRateSwapsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Interest Rate Swap Due March 2028", "label": "Interest Rate Swap Due March 2028 [Member]", "documentation": "Interest Rate Swap Due March 2028" } } }, "auth_ref": [] }, "peb_InterestRateSwapDueMay2028Member": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "InterestRateSwapDueMay2028Member", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtScheduleofInterestRateSwapsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Interest Rate Swap - May 2028", "label": "Interest Rate Swap Due May 2028 [Member]", "documentation": "Interest Rate Swap Due October 2028" } } }, "auth_ref": [] }, "peb_InterestRateSwapDueNovember2027Member": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "InterestRateSwapDueNovember2027Member", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtScheduleofInterestRateSwapsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Interest Rate Swap Due November 2027", "label": "Interest Rate Swap Due November 2027 [Member]", "documentation": "Interest Rate Swap Due November 2027" } } }, "auth_ref": [] }, "peb_InterestRateSwapDueOctober2026Member": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "InterestRateSwapDueOctober2026Member", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtScheduleofInterestRateSwapsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Interest Rate Swap - October 2026", "label": "Interest Rate Swap Due October 2026 [Member]", "documentation": "Interest Rate Swap Due October 2026" } } }, "auth_ref": [] }, "peb_InterestRateSwapDueOctober2027Member": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "InterestRateSwapDueOctober2027Member", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtScheduleofInterestRateSwapsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Interest Rate Swap - October 2027", "label": "Interest Rate Swap Due October 2027 [Member]", "documentation": "Interest Rate Swap Due October 2027" } } }, "auth_ref": [] }, "us-gaap_InterestRateSwapMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "InterestRateSwapMember", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofInterestRateSwapsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Interest Rate Swaps", "label": "Interest Rate Swap [Member]", "documentation": "Forward based contracts in which two parties agree to swap periodic payments that are fixed at the outset of the swap contract with variable payments based on a market interest rate (index rate) over a specified period." } } }, "auth_ref": [ "r854", "r890", "r891", "r1156" ] }, "us-gaap_InvestmentBuildingAndBuildingImprovements": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "InvestmentBuildingAndBuildingImprovements", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesScheduleofInvestmentinHotelPropertiesDetails": { "parentTag": "peb_RealEstateInvestmentPropertyExcludingOperatingLeaseRightOfUseAssetAtCost", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesScheduleofInvestmentinHotelPropertiesDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Buildings and improvements", "label": "Investment Building and Building Improvements", "documentation": "Aggregate of the carrying amounts as of the balance sheet date of investments in building and building improvements." } } }, "auth_ref": [ "r1198", "r1199" ] }, "us-gaap_Land": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "Land", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesScheduleofInvestmentinHotelPropertiesDetails": { "parentTag": "peb_RealEstateInvestmentPropertyExcludingOperatingLeaseRightOfUseAssetAtCost", "weight": 1.0, "order": 4.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesScheduleofInvestmentinHotelPropertiesDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Land", "label": "Land", "documentation": "Amount before accumulated depletion of real estate held for productive use, excluding land held for sale." } } }, "auth_ref": [ "r1007" ] }, "us-gaap_LeaseCost": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LeaseCost", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesScheduleofComponentsofGroundLeasesDetails": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesScheduleofComponentsofGroundLeasesDetails" ], "lang": { "en-us": { "role": { "totalLabel": "Total ground rent", "label": "Lease, Cost", "documentation": "Amount of lease cost recognized by lessee for lease contract." } } }, "auth_ref": [ "r576", "r862" ] }, "us-gaap_LeaseCostTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LeaseCostTableTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Components of Ground Rent Expense", "label": "Lease, Cost [Table Text Block]", "documentation": "Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income." } } }, "auth_ref": [ "r1187" ] }, "peb_LeaseExtensionOption": { "xbrltype": "durationItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "LeaseExtensionOption", "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesScheduleofHotelSubjecttoLeasesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Term of extension option", "label": "Lease Extension Option", "documentation": "Lease Extension Option" } } }, "auth_ref": [] }, "dei_LegalEntityAxis": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "LegalEntityAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Legal Entity [Axis]", "label": "Legal Entity [Axis]", "documentation": "The set of legal entities associated with a report." } } }, "auth_ref": [] }, "peb_LesseeLeasesTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "LesseeLeasesTableTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Hotels Subject to Leases", "label": "Lessee, Leases [Table Text Block]", "documentation": "Lessee, Leases [Table Text Block]" } } }, "auth_ref": [] }, "peb_LesseeOperatingAndFinanceLeaseRenewalTerm": { "xbrltype": "durationItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "LesseeOperatingAndFinanceLeaseRenewalTerm", "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesScheduleofHotelSubjecttoLeasesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Renewal term", "label": "Lessee, Operating And Finance Lease, Renewal Term", "documentation": "Lessee, Operating And Finance Lease, Renewal Term" } } }, "auth_ref": [] }, "peb_LesseeOperatingLeaseNumberOfRenewalOptions": { "xbrltype": "integerItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "LesseeOperatingLeaseNumberOfRenewalOptions", "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesScheduleofHotelSubjecttoLeasesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Number of extension options", "label": "Lessee, Operating Lease, Number Of Renewal Options", "documentation": "Lessee, Operating Lease, Number Of Renewal Options" } } }, "auth_ref": [] }, "us-gaap_LesseeOperatingLeaseRenewalTerm": { "xbrltype": "durationItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LesseeOperatingLeaseRenewalTerm", "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesScheduleofHotelSubjecttoLeasesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Extension term", "label": "Lessee, Operating Lease, Renewal Term", "documentation": "Term of lessee's operating lease renewal, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days." } } }, "auth_ref": [ "r1186" ] }, "us-gaap_LetterOfCreditMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LetterOfCreditMember", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Letters of Credit", "label": "Letter of Credit [Member]", "documentation": "A document typically issued by a financial institution which acts as a guarantee of payment to a beneficiary, or as the source of payment for a specific transaction (for example, wiring funds to a foreign exporter if and when specified merchandise is accepted pursuant to the terms of the letter of credit)." } } }, "auth_ref": [] }, "us-gaap_LettersOfCreditOutstandingAmount": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LettersOfCreditOutstandingAmount", "crdr": "credit", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Letters of credit outstanding", "label": "Letters of Credit Outstanding, Amount", "documentation": "The total amount of the contingent obligation under letters of credit outstanding as of the reporting date." } } }, "auth_ref": [ "r879", "r881" ] }, "us-gaap_Liabilities": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "Liabilities", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets": { "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets" ], "lang": { "en-us": { "role": { "totalLabel": "Total liabilities", "label": "Liabilities", "documentation": "Amount of liability recognized for present obligation requiring transfer or otherwise providing economic benefit to others." } } }, "auth_ref": [ "r14", "r63", "r64", "r65", "r69", "r70", "r71", "r72", "r225", "r229", "r230", "r310", "r351", "r352", "r354", "r355", "r356", "r357", "r358", "r360", "r361", "r508", "r511", "r512", "r561", "r717", "r822", "r840", "r896", "r1106", "r1189", "r1190" ] }, "us-gaap_LiabilitiesAndStockholdersEquity": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LiabilitiesAndStockholdersEquity", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets" ], "lang": { "en-us": { "role": { "totalLabel": "Total liabilities and equity", "label": "Liabilities and Equity", "documentation": "Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any." } } }, "auth_ref": [ "r79", "r122", "r641", "r863", "r878", "r880", "r1071", "r1076", "r1092", "r1182" ] }, "us-gaap_LiabilitiesAndStockholdersEquityAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LiabilitiesAndStockholdersEquityAbstract", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets" ], "lang": { "en-us": { "role": { "verboseLabel": "LIABILITIES AND EQUITY", "label": "Liabilities and Equity [Abstract]" } } }, "auth_ref": [] }, "peb_LineOfCreditFacilityCreditAgreementAccordionFeature": { "xbrltype": "monetaryItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "LineOfCreditFacilityCreditAgreementAccordionFeature", "crdr": "credit", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Maximum borrowing capacity potential increase (up to)", "label": "Line Of Credit Facility, Credit Agreement, Accordion Feature", "documentation": "Line Of Credit Facility, Credit Agreement, Accordion Feature" } } }, "auth_ref": [] }, "us-gaap_LineOfCreditFacilityLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LineOfCreditFacilityLineItems", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Line of Credit Facility [Line Items]", "label": "Line of Credit Facility [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r350", "r1071", "r1074", "r1104" ] }, "us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LineOfCreditFacilityMaximumBorrowingCapacity", "crdr": "credit", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Maximum borrowing capacity", "label": "Line of Credit Facility, Maximum Borrowing Capacity", "documentation": "Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility." } } }, "auth_ref": [ "r62", "r68" ] }, "us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LineOfCreditFacilityRemainingBorrowingCapacity", "crdr": "credit", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Remaining borrowing capacity", "label": "Line of Credit Facility, Remaining Borrowing Capacity", "documentation": "Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding)." } } }, "auth_ref": [ "r62", "r68", "r350" ] }, "us-gaap_LineOfCreditFacilityTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LineOfCreditFacilityTable", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Line of Credit Facility [Table]", "label": "Line of Credit Facility [Table]", "documentation": "Disclosure of information about short-term and long-term contractual arrangements with lender under which borrowing can occur up to maximum amount. Includes, but is not limited to, letter of credit, standby letter of credit, and revolving credit arrangement." } } }, "auth_ref": [ "r62", "r68", "r350", "r1071", "r1074", "r1104" ] }, "us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Commitment fee percentage", "label": "Line of Credit Facility, Unused Capacity, Commitment Fee Percentage", "documentation": "The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility." } } }, "auth_ref": [] }, "dei_LocalPhoneNumber": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "LocalPhoneNumber", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Local Phone Number", "label": "Local Phone Number", "documentation": "Local phone number for entity." } } }, "auth_ref": [] }, "us-gaap_LongTermDebt": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LongTermDebt", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets": { "parentTag": "us-gaap_Liabilities", "weight": 1.0, "order": 3.0 }, "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets", "http://www.pebblebrookhotels.com/role/DebtFutureMinimumPrincipalPaymentsforDebtDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Debt, net", "totalLabel": "Debt, net", "label": "Long-Term Debt", "documentation": "Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation." } } }, "auth_ref": [ "r14", "r119", "r226", "r233", "r375", "r390", "r628", "r836", "r837", "r861", "r1201" ] }, "us-gaap_LongTermDebtFairValue": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LongTermDebtFairValue", "crdr": "credit", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Estimated fair value of debt", "label": "Long-Term Debt, Fair Value", "documentation": "The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission." } } }, "auth_ref": [ "r805", "r860", "r1166", "r1167", "r1168", "r1169", "r1178", "r1179", "r1180", "r1181" ] }, "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/DebtFutureMinimumPrincipalPaymentsforDebtDetails": { "parentTag": "us-gaap_DebtInstrumentCarryingAmount", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/DebtFutureMinimumPrincipalPaymentsforDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "2027", "label": "Long-Term Debt, Maturity, Year One", "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)." } } }, "auth_ref": [ "r7", "r226", "r233", "r380", "r628" ] }, "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/DebtFutureMinimumPrincipalPaymentsforDebtDetails": { "parentTag": "us-gaap_DebtInstrumentCarryingAmount", "weight": 1.0, "order": 5.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/DebtFutureMinimumPrincipalPaymentsforDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "2030", "label": "Long-Term Debt, Maturity, Year Four", "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)." } } }, "auth_ref": [ "r7", "r226", "r233", "r380", "r628" ] }, "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/DebtFutureMinimumPrincipalPaymentsforDebtDetails": { "parentTag": "us-gaap_DebtInstrumentCarryingAmount", "weight": 1.0, "order": 4.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/DebtFutureMinimumPrincipalPaymentsforDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "2029", "label": "Long-Term Debt, Maturity, Year Three", "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)." } } }, "auth_ref": [ "r7", "r226", "r233", "r380", "r628" ] }, "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/DebtFutureMinimumPrincipalPaymentsforDebtDetails": { "parentTag": "us-gaap_DebtInstrumentCarryingAmount", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/DebtFutureMinimumPrincipalPaymentsforDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "2028", "label": "Long-Term Debt, Maturity, Year Two", "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach)." } } }, "auth_ref": [ "r7", "r226", "r233", "r380", "r628" ] }, "us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/DebtFutureMinimumPrincipalPaymentsforDebtDetails": { "parentTag": "us-gaap_DebtInstrumentCarryingAmount", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/DebtFutureMinimumPrincipalPaymentsforDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "2026", "label": "Long-Term Debt, Maturity, Remainder of Fiscal Year", "documentation": "Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in remainder of current fiscal year." } } }, "auth_ref": [ "r1072", "r1078" ] }, "peb_LongTermDebtMaturityAfterYearFour": { "xbrltype": "monetaryItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "LongTermDebtMaturityAfterYearFour", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/DebtFutureMinimumPrincipalPaymentsforDebtDetails": { "parentTag": "us-gaap_DebtInstrumentCarryingAmount", "weight": 1.0, "order": 6.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/DebtFutureMinimumPrincipalPaymentsforDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Thereafter", "label": "Long-Term Debt, Maturity, after Year Four", "documentation": "Long-Term Debt, Maturity, after Year Four" } } }, "auth_ref": [] }, "peb_LongTermIncentivePartnershipUnitsClassBMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "LongTermIncentivePartnershipUnitsClassBMember", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails", "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Long-Term Incentive Partnership (\"LTIP\") Class B Units", "label": "Long Term Incentive Partnership Units Class B [Member]", "documentation": "Long Term Incentive Partnership Units Class B [Member]" } } }, "auth_ref": [] }, "peb_LongTermIncentivePartnershipUnitsMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "LongTermIncentivePartnershipUnitsMember", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails", "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Long-Term Incentive Partnership (\"LTIP\") Units", "label": "Long Term Incentive Partnership Units [Member]", "documentation": "Long term incentive partnership units." } } }, "auth_ref": [] }, "peb_LongTermIncentivePartnershipUnitsOutstanding": { "xbrltype": "sharesItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "LongTermIncentivePartnershipUnitsOutstanding", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails", "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "LTIP units, outstanding (in shares)", "label": "Long Term Incentive Partnership Units Outstanding", "documentation": "Long term incentive partnership units outstanding." } } }, "auth_ref": [] }, "us-gaap_LongtermDebtTypeAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LongtermDebtTypeAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofInterestExpenseDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Long-term Debt, Type [Axis]", "label": "Long-Term Debt, Type [Axis]", "documentation": "Information by type of long-term debt." } } }, "auth_ref": [ "r14", "r1097", "r1098", "r1099" ] }, "us-gaap_LongtermDebtTypeDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "LongtermDebtTypeDomain", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofInterestExpenseDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Long-term Debt, Type [Domain]", "label": "Long-Term Debt, Type [Domain]", "documentation": "Type of long-term debt arrangement, such as notes, line of credit, commercial paper, asset-based financing, project financing, letter of credit financing. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the company, if longer." } } }, "auth_ref": [ "r14", "r32", "r1097", "r1098", "r1099" ] }, "peb_LosAngelesCaliforniaMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "LosAngelesCaliforniaMember", "presentation": [ "http://www.pebblebrookhotels.com/role/RevenueRevenueByGeographicLocationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Los Angeles, CA", "label": "Los Angeles, California [Member]", "documentation": "Los Angeles, California [Member]" } } }, "auth_ref": [] }, "peb_ManagementAgreementsLineItems": { "xbrltype": "stringItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "ManagementAgreementsLineItems", "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesNarrativeDetails", "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesScheduleofHotelSubjecttoLeasesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Management Agreements [Line Items]", "label": "Management Agreements [Line Items]", "documentation": "Management agreements." } } }, "auth_ref": [] }, "peb_ManagementAgreementsTable": { "xbrltype": "stringItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "ManagementAgreementsTable", "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesNarrativeDetails", "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesScheduleofHotelSubjecttoLeasesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Management Agreements [Table]", "label": "Management Agreements [Table]", "documentation": "Management agreements." } } }, "auth_ref": [] }, "us-gaap_ManagementFeeExpense": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ManagementFeeExpense", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails": { "parentTag": "peb_EarningsBeforeInterestTaxDepreciationAndAmortization", "weight": -1.0, "order": 6.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Hotel management fee", "label": "Management Fee Expense", "documentation": "Amount of expense for investment management fee, including, but not limited to, expense in connection with research, selection, supervision, and custody of investment." } } }, "auth_ref": [ "r8", "r742", "r894", "r1238" ] }, "peb_MargaritavilleHollywoodBeachResortMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "MargaritavilleHollywoodBeachResortMember", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Margaritaville Hollywood Beach Resort", "label": "Margaritaville Hollywood Beach Resort [Member]", "documentation": "Margaritaville Hollywood Beach Resort" } } }, "auth_ref": [] }, "srt_MaximumMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "MaximumMember", "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofInterestRateSwapsDetails", "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesNarrativeDetails", "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Maximum", "label": "Maximum [Member]", "documentation": "Upper limit of the provided range." } } }, "auth_ref": [ "r142", "r144", "r146", "r147", "r149", "r167", "r169", "r170", "r181", "r182", "r273", "r345", "r346", "r347", "r348", "r440", "r468", "r469", "r470", "r479", "r560", "r583", "r670", "r671", "r678", "r709", "r710", "r762", "r765", "r769", "r770", "r776", "r786", "r787", "r789", "r790", "r803", "r804", "r833", "r841", "r845", "r848", "r849", "r850", "r856", "r857", "r858", "r859", "r873", "r1108", "r1191", "r1192", "r1193", "r1194", "r1195", "r1196" ] }, "ecd_MeasureAxis": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "MeasureAxis", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Measure:", "label": "Measure [Axis]" } } }, "auth_ref": [ "r945" ] }, "ecd_MeasureName": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "MeasureName", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Name", "label": "Measure Name" } } }, "auth_ref": [ "r945" ] }, "us-gaap_MergersAcquisitionsAndDispositionsDisclosuresTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "MergersAcquisitionsAndDispositionsDisclosuresTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/AcquisitionandDispositionofHotelProperties" ], "lang": { "en-us": { "role": { "verboseLabel": "Acquisition and Disposition of Hotel Properties", "label": "Mergers, Acquisitions and Dispositions Disclosures [Text Block]", "documentation": "The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings." } } }, "auth_ref": [ "r52", "r1145" ] }, "srt_MinimumMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "MinimumMember", "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofInterestRateSwapsDetails", "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesNarrativeDetails", "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Minimum", "label": "Minimum [Member]", "documentation": "Lower limit of the provided range." } } }, "auth_ref": [ "r142", "r144", "r146", "r147", "r149", "r167", "r169", "r170", "r181", "r182", "r273", "r345", "r346", "r347", "r348", "r440", "r468", "r469", "r470", "r479", "r560", "r583", "r670", "r671", "r678", "r709", "r710", "r762", "r765", "r769", "r770", "r776", "r786", "r787", "r789", "r790", "r803", "r804", "r833", "r841", "r845", "r848", "r849", "r850", "r856", "r857", "r858", "r873", "r1108", "r1191", "r1192", "r1193", "r1194", "r1195", "r1196" ] }, "us-gaap_MinorityInterest": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "MinorityInterest", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets": { "parentTag": "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets" ], "lang": { "en-us": { "role": { "terseLabel": "Non-controlling interests", "label": "Equity, Attributable to Noncontrolling Interest", "documentation": "Amount of equity (deficit) attributable to noncontrolling interest. Excludes temporary equity." } } }, "auth_ref": [ "r78", "r121", "r225", "r229", "r230", "r310", "r351", "r354", "r355", "r356", "r360", "r361", "r640", "r721", "r1182" ] }, "us-gaap_MinorityInterestLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "MinorityInterestLineItems", "presentation": [ "http://www.pebblebrookhotels.com/role/OrganizationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Noncontrolling Interest [Line Items]", "label": "Noncontrolling Interest [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [] }, "us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "MinorityInterestOwnershipPercentageByNoncontrollingOwners", "presentation": [ "http://www.pebblebrookhotels.com/role/OrganizationDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Percentage of operating partnership units owned by other limited partners", "label": "Subsidiary, Ownership Percentage, Noncontrolling Owner", "documentation": "The equity interest of noncontrolling shareholders, partners or other equity holders in consolidated entity." } } }, "auth_ref": [] }, "us-gaap_MinorityInterestOwnershipPercentageByParent": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "MinorityInterestOwnershipPercentageByParent", "presentation": [ "http://www.pebblebrookhotels.com/role/OrganizationDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Percentage of operating partnership units owned by company", "label": "Subsidiary, Ownership Percentage, Parent", "documentation": "The parent entity's interest in net assets of the subsidiary, expressed as a percentage." } } }, "auth_ref": [] }, "us-gaap_MinorityInterestTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "MinorityInterestTable", "presentation": [ "http://www.pebblebrookhotels.com/role/OrganizationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Noncontrolling Interest [Table]", "label": "Noncontrolling Interest [Table]", "documentation": "Disclosure of information about noncontrolling interest, including, but not limited to, name of subsidiary, ownership percentage held by parent, ownership percentage held by noncontrolling owner, amount of noncontrolling interest and its location in statement of financial position, explanation of increase (decrease) in noncontrolling interest, noncontrolling interest share of net income (loss) of subsidiary and its location in statement of income, amount of noncontrolling interest represented by preferred stock, description and dividend requirement of preferred stock, and nature of noncontrolling interest." } } }, "auth_ref": [ "r45", "r47", "r78", "r82" ] }, "ecd_MnpiDiscTimedForCompValFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "MnpiDiscTimedForCompValFlag", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "MNPI Disclosure Timed for Compensation Value", "label": "MNPI Disclosure Timed for Compensation Value [Flag]" } } }, "auth_ref": [ "r964" ] }, "peb_MontroseAtBeverlyHillsMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "MontroseAtBeverlyHillsMember", "presentation": [ "http://www.pebblebrookhotels.com/role/AcquisitionandDispositionofHotelPropertiesDispositionofHotelPropertiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Montrose at Beverly Hills", "label": "Montrose at Beverly Hills [Member]", "documentation": "Montrose at Beverly Hills" } } }, "auth_ref": [] }, "srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Real Estate, Type of Property [Axis]", "label": "Real Estate, Type of Property [Axis]", "documentation": "Information by type of real estate property." } } }, "auth_ref": [ "r157", "r158", "r159", "r160", "r162", "r163", "r164", "r165", "r166", "r168", "r169", "r170", "r786", "r788", "r789", "r790", "r793", "r794", "r795", "r796", "r798", "r799", "r800", "r801", "r802" ] }, "srt_MortgageLoansOnRealEstateNamePropertyTypeDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "MortgageLoansOnRealEstateNamePropertyTypeDomain", "presentation": [ "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Real Estate [Domain]", "label": "Real Estate [Domain]", "documentation": "Land and any structures permanently fixed to it." } } }, "auth_ref": [ "r157", "r158", "r159", "r160", "r162", "r163", "r164", "r165", "r166", "r168", "r169", "r170", "r786", "r788", "r789", "r790", "r793", "r794", "r795", "r796", "r798", "r799", "r800", "r801", "r802" ] }, "us-gaap_MortgagesMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "MortgagesMember", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofInterestExpenseDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Mortgage loans", "verboseLabel": "Mortgage loans", "label": "Mortgages [Member]", "documentation": "A loan to finance the purchase of real estate where the lender has a lien on the property as collateral for the loan." } } }, "auth_ref": [] }, "ecd_MtrlTermsOfTrdArrTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "MtrlTermsOfTrdArrTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Material Terms of Trading Arrangement", "label": "Material Terms of Trading Arrangement [Text Block]" } } }, "auth_ref": [ "r972" ] }, "ecd_NamedExecutiveOfficersFnTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "NamedExecutiveOfficersFnTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Named Executive Officers, Footnote", "label": "Named Executive Officers, Footnote [Text Block]" } } }, "auth_ref": [ "r946" ] }, "us-gaap_NetCashProvidedByUsedInFinancingActivities": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NetCashProvidedByUsedInFinancingActivities", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "totalLabel": "Net cash provided by (used in) financing activities", "label": "Cash Provided by (Used in) Financing Activity, Including Discontinued Operation", "documentation": "Amount of cash inflow (outflow) from financing activity, including, but not limited to, discontinued operation. Financing activity includes, but is not limited to, obtaining resource from owner and providing return on, and return of, their investment; borrowing money and repaying amount borrowed, or settling obligation; and obtaining and paying for other resource obtained from creditor on long-term credit." } } }, "auth_ref": [ "r218" ] }, "us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NetCashProvidedByUsedInFinancingActivitiesAbstract", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "verboseLabel": "Financing activities:", "label": "Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]" } } }, "auth_ref": [] }, "us-gaap_NetCashProvidedByUsedInInvestingActivities": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NetCashProvidedByUsedInInvestingActivities", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "totalLabel": "Net cash provided by (used in) investing activities", "label": "Cash Provided by (Used in) Investing Activity, Including Discontinued Operation", "documentation": "Amount of cash inflow (outflow) from investing activity, including, but not limited to, discontinued operation. Investing activity includes, but is not limited to, making and collecting loan, acquiring and disposing of debt and equity instruments, property, plant, and equipment, and other productive assets." } } }, "auth_ref": [ "r218" ] }, "us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NetCashProvidedByUsedInInvestingActivitiesAbstract", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "verboseLabel": "Investing activities:", "label": "Cash Provided by (Used in) Investing Activity, Including Discontinued Operation [Abstract]" } } }, "auth_ref": [] }, "us-gaap_NetCashProvidedByUsedInOperatingActivities": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NetCashProvidedByUsedInOperatingActivities", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "totalLabel": "Net cash provided by (used in) operating activities", "label": "Cash Provided by (Used in) Operating Activity, Including Discontinued Operation", "documentation": "Amount of cash inflow (outflow) from operating activity, including, but not limited to, discontinued operation. Operating activity includes, but is not limited to, transaction, adjustment, and change in value not defined as investing or financing activity." } } }, "auth_ref": [ "r93", "r94", "r95" ] }, "us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NetCashProvidedByUsedInOperatingActivitiesAbstract", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "verboseLabel": "Operating activities:", "label": "Cash Provided by (Used in) Operating Activity, Including Discontinued Operation [Abstract]" } } }, "auth_ref": [] }, "us-gaap_NetIncomeLoss": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NetIncomeLoss", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome": { "parentTag": "us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome" ], "lang": { "en-us": { "role": { "totalLabel": "Net income (loss) attributable to the Company", "label": "Net Income (Loss) Attributable to Parent", "documentation": "The portion of profit or loss for the period, net of income taxes, which is attributable to the parent." } } }, "auth_ref": [ "r83", "r95", "r124", "r186", "r191", "r203", "r205", "r209", "r225", "r229", "r230", "r232", "r237", "r241", "r242", "r243", "r244", "r245", "r248", "r249", "r256", "r310", "r351", "r352", "r354", "r355", "r356", "r357", "r358", "r360", "r361", "r393", "r396", "r399", "r404", "r476", "r500", "r505", "r559", "r561", "r645", "r739", "r755", "r756", "r815", "r817", "r818", "r894", "r1106" ] }, "us-gaap_NetIncomeLossAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NetIncomeLossAbstract", "presentation": [ "http://www.pebblebrookhotels.com/role/EarningsLossPerShareScheduleofReconciliationofBasicandDilutedEPSDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Numerator:", "label": "Net Income (Loss) Attributable to Parent [Abstract]" } } }, "auth_ref": [] }, "us-gaap_NetIncomeLossAttributableToNoncontrollingInterest": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NetIncomeLossAttributableToNoncontrollingInterest", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome": { "parentTag": "us-gaap_NetIncomeLoss", "weight": -1.0, "order": 2.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome" ], "lang": { "en-us": { "role": { "verboseLabel": "Net income (loss) attributable to non-controlling interests", "label": "Net Income (Loss) Attributable to Noncontrolling Interest", "documentation": "Amount of Net Income (Loss) attributable to noncontrolling interest." } } }, "auth_ref": [ "r49", "r113", "r203", "r205", "r245", "r248", "r249", "r644", "r1022" ] }, "us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NetIncomeLossAvailableToCommonStockholdersBasic", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/EarningsLossPerShareScheduleofReconciliationofBasicandDilutedEPSDetails": { "parentTag": "peb_NetIncomeLossAvailableToCommonStockholdersLessDividendsBasic", "weight": 1.0, "order": 1.0 }, "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome", "http://www.pebblebrookhotels.com/role/EarningsLossPerShareScheduleofReconciliationofBasicandDilutedEPSDetails" ], "lang": { "en-us": { "role": { "totalLabel": "Net income (loss) attributable to common shareholders", "terseLabel": "Net income (loss) attributable to common shareholders", "label": "Net Income (Loss) Available to Common Stockholders, Basic", "documentation": "Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders." } } }, "auth_ref": [ "r186", "r214", "r241", "r242", "r243", "r244", "r251", "r252", "r257", "r260", "r396", "r399", "r404", "r505" ] }, "peb_NetIncomeLossAvailableToCommonStockholdersLessDividendsBasic": { "xbrltype": "monetaryItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "NetIncomeLossAvailableToCommonStockholdersLessDividendsBasic", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/EarningsLossPerShareScheduleofReconciliationofBasicandDilutedEPSDetails": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://www.pebblebrookhotels.com/role/EarningsLossPerShareScheduleofReconciliationofBasicandDilutedEPSDetails" ], "lang": { "en-us": { "role": { "totalLabel": "Net income (loss) available to common shareholders - basic", "label": "Net Income Loss Available To Common Stockholders, Less Dividends, Basic", "documentation": "Net Income Loss Available To Common Stockholders, Less Dividends, Basic" } } }, "auth_ref": [] }, "peb_NetIncomeLossAvailableToCommonStockholdersLessDividendsDiluted": { "xbrltype": "monetaryItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "NetIncomeLossAvailableToCommonStockholdersLessDividendsDiluted", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/EarningsLossPerShareScheduleofReconciliationofBasicandDilutedEPSDetails": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://www.pebblebrookhotels.com/role/EarningsLossPerShareScheduleofReconciliationofBasicandDilutedEPSDetails" ], "lang": { "en-us": { "role": { "totalLabel": "Net income (loss) available to common stockholders - diluted", "label": "Net Income Loss Available To Common Stockholders, Less Dividends, Diluted", "documentation": "Net Income Loss Available To Common Stockholders, Less Dividends, Diluted" } } }, "auth_ref": [] }, "us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NewAccountingPronouncementsPolicyPolicyTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/SummaryofSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "terseLabel": "New Accounting Pronouncements", "label": "New Accounting Pronouncements, Policy [Policy Text Block]", "documentation": "Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact." } } }, "auth_ref": [] }, "ecd_NonGaapMeasureDescriptionTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "NonGaapMeasureDescriptionTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Non-GAAP Measure Description", "label": "Non-GAAP Measure Description [Text Block]" } } }, "auth_ref": [ "r945" ] }, "ecd_NonNeosMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "NonNeosMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Non-NEOs", "label": "Non-NEOs [Member]" } } }, "auth_ref": [ "r909", "r919", "r929", "r953", "r961" ] }, "ecd_NonPeoNeoAvgCompActuallyPaidAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "NonPeoNeoAvgCompActuallyPaidAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Non-PEO NEO Average Compensation Actually Paid Amount", "label": "Non-PEO NEO Average Compensation Actually Paid Amount" } } }, "auth_ref": [ "r936" ] }, "ecd_NonPeoNeoAvgTotalCompAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "NonPeoNeoAvgTotalCompAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Non-PEO NEO Average Total Compensation Amount", "label": "Non-PEO NEO Average Total Compensation Amount" } } }, "auth_ref": [ "r935" ] }, "ecd_NonPeoNeoMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "NonPeoNeoMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Non-PEO NEO", "label": "Non-PEO NEO [Member]" } } }, "auth_ref": [ "r953" ] }, "ecd_NonRule10b51ArrAdoptedFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "NonRule10b51ArrAdoptedFlag", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Non-Rule 10b5-1 Arrangement Adopted", "label": "Non-Rule 10b5-1 Arrangement Adopted [Flag]" } } }, "auth_ref": [ "r972" ] }, "ecd_NonRule10b51ArrTrmntdFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "NonRule10b51ArrTrmntdFlag", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Non-Rule 10b5-1 Arrangement Terminated", "label": "Non-Rule 10b5-1 Arrangement Terminated [Flag]" } } }, "auth_ref": [ "r972" ] }, "us-gaap_NoncontrollingInterestMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NoncontrollingInterestMember", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity" ], "lang": { "en-us": { "role": { "terseLabel": "Non-Controlling Interests", "label": "Noncontrolling Interest [Member]", "documentation": "This element represents that portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to the parent. A noncontrolling interest is sometimes called a minority interest." } } }, "auth_ref": [ "r44", "r422", "r1079", "r1080", "r1081", "r1082", "r1240" ] }, "peb_NumberOfAcquiredProperties": { "xbrltype": "integerItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "NumberOfAcquiredProperties", "presentation": [ "http://www.pebblebrookhotels.com/role/AcquisitionandDispositionofHotelPropertiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Number of properties acquired", "label": "Number Of Acquired Properties", "documentation": "Number Of Acquired Properties" } } }, "auth_ref": [] }, "peb_NumberOfPropertiesDisposedOf": { "xbrltype": "integerItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "NumberOfPropertiesDisposedOf", "presentation": [ "http://www.pebblebrookhotels.com/role/AcquisitionandDispositionofHotelPropertiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Number of properties sold during period", "label": "Number Of Properties Disposed Of", "documentation": "Number Of Properties Disposed Of" } } }, "auth_ref": [] }, "us-gaap_NumberOfRealEstateProperties": { "xbrltype": "integerItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NumberOfRealEstateProperties", "presentation": [ "http://www.pebblebrookhotels.com/role/OrganizationDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Number of hotels owned by the company", "label": "Number of Real Estate Properties", "documentation": "The number of real estate properties owned as of the balance sheet date." } } }, "auth_ref": [] }, "peb_NumberOfReportableSegmentsNotDisclosedFlag": { "xbrltype": "stringItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "NumberOfReportableSegmentsNotDisclosedFlag", "presentation": [ "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Number Of Reportable Segments Not Disclosed Flag", "label": "Number Of Reportable Segments Not Disclosed Flag", "documentation": "Number Of Reportable Segments Not Disclosed Flag" } } }, "auth_ref": [] }, "peb_NumberOfRoomsInAdjoiningBuildingSubjectToLeaseAgreement": { "xbrltype": "integerItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "NumberOfRoomsInAdjoiningBuildingSubjectToLeaseAgreement", "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesScheduleofHotelSubjecttoLeasesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Number of rooms in adjoining building subject to lease agreement", "label": "Number Of Rooms In Adjoining Building Subject To Lease Agreement", "documentation": "Number Of Adjoining Building Rooms" } } }, "auth_ref": [] }, "us-gaap_NumberOfUnitsInRealEstateProperty": { "xbrltype": "integerItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "NumberOfUnitsInRealEstateProperty", "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesScheduleofHotelSubjecttoLeasesDetails", "http://www.pebblebrookhotels.com/role/OrganizationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Total number of guest rooms", "label": "Number of Units in Real Estate Property", "documentation": "The number of units in a real estate property owned as of the balance sheet date." } } }, "auth_ref": [] }, "us-gaap_OccupancyMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "OccupancyMember", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome", "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Room", "label": "Occupancy [Member]", "documentation": "Residing in place for specified period of time. Including, but not limited to, hotel, cruise, or other type of lodging arrangement." } } }, "auth_ref": [ "r1113", "r1114" ] }, "peb_October2025ShareRepurchaseProgramMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "October2025ShareRepurchaseProgramMember", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "October 2025 Share Repurchase Program", "label": "October 2025 Share Repurchase Program [Member]", "documentation": "October 2025 Share Repurchase Program" } } }, "auth_ref": [] }, "us-gaap_OperatingIncomeLoss": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "OperatingIncomeLoss", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome": { "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome" ], "lang": { "en-us": { "role": { "totalLabel": "Operating income (loss)", "label": "Operating Income (Loss)", "documentation": "The net result for the period of deducting operating expenses from operating revenues." } } }, "auth_ref": [ "r128", "r815", "r818", "r823", "r1086", "r1087", "r1088", "r1089", "r1090" ] }, "peb_OperatingLeaseGroundRent": { "xbrltype": "monetaryItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "OperatingLeaseGroundRent", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0, "order": 7.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "terseLabel": "Non-cash ground rent", "label": "Operating Lease, Ground Rent", "documentation": "Operating Lease, Ground Rent" } } }, "auth_ref": [] }, "us-gaap_OperatingLeaseLiability": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "OperatingLeaseLiability", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets": { "parentTag": "us-gaap_Liabilities", "weight": 1.0, "order": 5.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets", "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Lease liabilities - operating leases", "label": "Operating Lease, Liability", "documentation": "Present value of lessee's discounted obligation for lease payments from operating lease." } } }, "auth_ref": [ "r574" ] }, "us-gaap_OperatingLeaseRightOfUseAsset": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "OperatingLeaseRightOfUseAsset", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesScheduleofInvestmentinHotelPropertiesDetails": { "parentTag": "us-gaap_RealEstateInvestmentPropertyAtCost", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesScheduleofInvestmentinHotelPropertiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Right-of-use asset, operating leases", "label": "Operating Lease, Right-of-Use Asset", "documentation": "Amount of lessee's right to use underlying asset under operating lease." } } }, "auth_ref": [ "r573" ] }, "us-gaap_OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList": { "xbrltype": "enumerationSetItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList", "presentation": [ "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesScheduleofInvestmentinHotelPropertiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Operating lease, right-of-use asset, statement of financial position [extensible enumeration]", "label": "Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]", "documentation": "Indicates line item in statement of financial position that includes operating lease right-of-use asset." } } }, "auth_ref": [ "r575" ] }, "us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "OperatingLeaseWeightedAverageDiscountRatePercent", "presentation": [ "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Operating lease, incremental rate", "label": "Operating Lease, Weighted Average Discount Rate, Percent", "documentation": "Weighted average discount rate for operating lease calculated at point in time." } } }, "auth_ref": [ "r578", "r862" ] }, "peb_OperatingPartnershipMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "OperatingPartnershipMember", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails", "http://www.pebblebrookhotels.com/role/OrganizationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Operating Partnership", "label": "Operating Partnership [Member]", "documentation": "Operating Partnership [Member]" } } }, "auth_ref": [] }, "us-gaap_OperatingSegmentsMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "OperatingSegmentsMember", "presentation": [ "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Operating Segments", "label": "Operating Segments [Member]", "documentation": "Identifies components of an entity that engage in business activities from which they may earn revenue and incur expenses, including transactions with other components of the same entity." } } }, "auth_ref": [ "r294", "r295", "r296", "r297", "r298", "r301", "r828", "r829" ] }, "peb_OperationsAndMaintenance": { "xbrltype": "monetaryItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "OperationsAndMaintenance", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails": { "parentTag": "peb_EarningsBeforeInterestTaxDepreciationAndAmortization", "weight": -1.0, "order": 5.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Hotel operations and maintenance", "label": "Operations And Maintenance", "documentation": "Operations And Maintenance" } } }, "auth_ref": [] }, "us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract", "lang": { "en-us": { "role": { "terseLabel": "Organization, Consolidation and Presentation of Financial Statements [Abstract]", "label": "Organization, Consolidation and Presentation of Financial Statements [Abstract]" } } }, "auth_ref": [] }, "us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/Organization" ], "lang": { "en-us": { "role": { "terseLabel": "Organization", "label": "Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]", "documentation": "The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure." } } }, "auth_ref": [ "r111", "r187", "r188", "r189", "r681", "r682" ] }, "us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncomeContinued": { "parentTag": "us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity", "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncomeContinued" ], "lang": { "en-us": { "role": { "verboseLabel": "Change in fair value of derivative instruments", "terseLabel": "Change in fair value of derivative instruments", "label": "Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax", "documentation": "Amount, after tax and before reclassification, of gain (loss) from derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness." } } }, "auth_ref": [ "r200", "r201" ] }, "us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncomeContinued": { "parentTag": "us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest", "weight": -1.0, "order": 2.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity", "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncomeContinued" ], "lang": { "en-us": { "role": { "negatedLabel": "Amounts reclassified from other comprehensive income", "negatedTerseLabel": "Amounts reclassified from other comprehensive income", "label": "Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax", "documentation": "Amount, after tax, of reclassification of gain (loss) from accumulated other comprehensive income (AOCI) for derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness." } } }, "auth_ref": [ "r201", "r202" ] }, "us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity", "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncomeContinued" ], "lang": { "en-us": { "role": { "terseLabel": "Other comprehensive income (loss):", "verboseLabel": "Other comprehensive income (loss):", "label": "Other Comprehensive Income (Loss), Net of Tax [Abstract]" } } }, "auth_ref": [] }, "peb_OtherMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "OtherMember", "presentation": [ "http://www.pebblebrookhotels.com/role/RevenueRevenueByGeographicLocationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Other", "label": "Other [Member]", "documentation": "Other [Member] Disaggregated revenues by geographic location classified as other" } } }, "auth_ref": [] }, "us-gaap_OtherNoncashIncomeExpense": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "OtherNoncashIncomeExpense", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0, "order": 8.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "negatedLabel": "Other adjustments", "label": "Other Noncash Income (Expense)", "documentation": "Amount of income (expense) included in net income that results in no cash inflow (outflow), classified as other." } } }, "auth_ref": [ "r95" ] }, "us-gaap_OtherNonoperatingIncomeExpense": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "OtherNonoperatingIncomeExpense", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome": { "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome" ], "lang": { "en-us": { "role": { "terseLabel": "Other, net", "label": "Other Nonoperating Income (Expense)", "documentation": "Amount of income (expense) related to nonoperating activities, classified as other." } } }, "auth_ref": [ "r86", "r853" ] }, "us-gaap_OtherOperatingIncomeExpenseNet": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "OtherOperatingIncomeExpenseNet", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome": { "parentTag": "us-gaap_CostsAndExpenses", "weight": -1.0, "order": 7.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Other operating expenses", "label": "Other Operating Income (Expense), Net", "documentation": "The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations." } } }, "auth_ref": [] }, "ecd_OtherPerfMeasureAmt": { "xbrltype": "decimalItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "OtherPerfMeasureAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Other Performance Measure, Amount", "label": "Other Performance Measure, Amount" } } }, "auth_ref": [ "r945" ] }, "ecd_OutstandingAggtErrCompAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "OutstandingAggtErrCompAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Outstanding Aggregate Erroneous Compensation Amount", "label": "Outstanding Aggregate Erroneous Compensation Amount" } } }, "auth_ref": [ "r907", "r917", "r927", "r959" ] }, "ecd_OutstandingRecoveryCompAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "OutstandingRecoveryCompAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Compensation Amount", "label": "Outstanding Recovery Compensation Amount" } } }, "auth_ref": [ "r910", "r920", "r930", "r962" ] }, "ecd_OutstandingRecoveryIndName": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "OutstandingRecoveryIndName", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Name", "label": "Outstanding Recovery, Individual Name" } } }, "auth_ref": [ "r910", "r920", "r930", "r962" ] }, "srt_OwnershipAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "OwnershipAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/OrganizationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Ownership [Axis]", "label": "Ownership [Axis]", "documentation": "Information by name of entity in which ownership interest is disclosed. Excludes equity method investee and named security investment." } } }, "auth_ref": [] }, "srt_OwnershipDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "OwnershipDomain", "presentation": [ "http://www.pebblebrookhotels.com/role/OrganizationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Ownership [Domain]", "label": "Ownership [Domain]", "documentation": "Name of entity in which ownership interest is disclosed. Excludes equity method investee and named security investment." } } }, "auth_ref": [] }, "peb_PHLUnsecuredRevolvingCreditFacilityMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "PHLUnsecuredRevolvingCreditFacilityMember", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "PHL unsecured credit facility", "label": "PHL Unsecured Revolving Credit Facility [Member]", "documentation": "PHL Unsecured Revolving Credit Facility [Member]" } } }, "auth_ref": [] }, "us-gaap_ParentMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ParentMember", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity" ], "lang": { "en-us": { "role": { "terseLabel": "Total Shareholders' Equity", "label": "Parent [Member]", "documentation": "Portion of equity, or net assets, in the consolidated entity attributable, directly or indirectly, to the parent. Excludes noncontrolling interests." } } }, "auth_ref": [] }, "srt_PartnershipInterestMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "PartnershipInterestMember", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Operating Partnership Units", "label": "Partnership Interest [Member]", "documentation": "A general or limited ownership interest in a partnership or unincorporated joint venture." } } }, "auth_ref": [ "r885" ] }, "ecd_PayVsPerformanceDisclosureLineItems": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "PayVsPerformanceDisclosureLineItems", "lang": { "en-us": { "role": { "label": "Pay vs Performance Disclosure [Line Items]" } } }, "auth_ref": [ "r934" ] }, "us-gaap_PaymentsForCapitalImprovements": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PaymentsForCapitalImprovements", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": -1.0, "order": 1.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "negatedLabel": "Improvements and additions to hotel properties", "label": "Payments for Capital Improvements", "documentation": "The cash outflow for acquisition of or capital improvements to properties held for investment (operating, managed, leased) or for use." } } }, "auth_ref": [ "r90" ] }, "us-gaap_PaymentsForProceedsFromOtherInvestingActivities": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PaymentsForProceedsFromOtherInvestingActivities", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": -1.0, "order": 3.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Other investing activities", "label": "Payment for (Proceeds from) Other Investing Activity", "documentation": "Amount of cash (inflow) outflow from investing activity, classified as other." } } }, "auth_ref": [ "r985", "r1066" ] }, "us-gaap_PaymentsForRepurchaseOfCommonStock": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PaymentsForRepurchaseOfCommonStock", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0, "order": 4.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "negatedLabel": "Repurchases of common shares", "label": "Payments for Repurchase of Common Stock", "documentation": "The cash outflow to reacquire common stock during the period." } } }, "auth_ref": [ "r91" ] }, "us-gaap_PaymentsOfDividendsCommonStock": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PaymentsOfDividendsCommonStock", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0, "order": 5.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "negatedLabel": "Distributions \u2014 common shares/units", "label": "Payments of Ordinary Dividends, Common Stock", "documentation": "Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity." } } }, "auth_ref": [ "r91" ] }, "us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PaymentsOfDividendsPreferredStockAndPreferenceStock", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0, "order": 6.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "negatedLabel": "Distributions \u2014 preferred shares/units", "label": "Payments of Ordinary Dividends, Preferred Stock and Preference Stock", "documentation": "Amount of cash outflow in the form of ordinary dividends to preferred shareholders of the parent entity." } } }, "auth_ref": [ "r91" ] }, "us-gaap_PaymentsOfFinancingCosts": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PaymentsOfFinancingCosts", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0, "order": 1.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Payment of deferred financing costs", "label": "Payments of Financing Costs", "documentation": "The cash outflow for loan and debt issuance costs." } } }, "auth_ref": [ "r22" ] }, "ecd_PeerGroupIssuersFnTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "PeerGroupIssuersFnTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Peer Group Issuers, Footnote", "label": "Peer Group Issuers, Footnote [Text Block]" } } }, "auth_ref": [ "r944" ] }, "ecd_PeerGroupTotalShareholderRtnAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "PeerGroupTotalShareholderRtnAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Peer Group Total Shareholder Return Amount", "label": "Peer Group Total Shareholder Return Amount" } } }, "auth_ref": [ "r944" ] }, "ecd_PeoActuallyPaidCompAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "PeoActuallyPaidCompAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "PEO Actually Paid Compensation Amount", "label": "PEO Actually Paid Compensation Amount" } } }, "auth_ref": [ "r936" ] }, "ecd_PeoMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "PeoMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "PEO", "label": "PEO [Member]" } } }, "auth_ref": [ "r953" ] }, "ecd_PeoName": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "PeoName", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "PEO Name", "label": "PEO Name" } } }, "auth_ref": [ "r946" ] }, "ecd_PeoTotalCompAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "PeoTotalCompAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "PEO Total Compensation Amount", "label": "PEO Total Compensation Amount" } } }, "auth_ref": [ "r935" ] }, "us-gaap_PerformanceSharesMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PerformanceSharesMember", "presentation": [ "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Performance-Based Equity Awards", "label": "Performance Shares [Member]", "documentation": "Share-based payment arrangement awarded for meeting performance target." } } }, "auth_ref": [ "r1117", "r1118", "r1119", "r1120", "r1121", "r1122", "r1123", "r1124", "r1125", "r1126", "r1127", "r1129", "r1130", "r1131", "r1132", "r1133", "r1134", "r1135", "r1136", "r1137", "r1138", "r1139", "r1140", "r1141", "r1142", "r1143" ] }, "ecd_PnsnAdjsPrrSvcCstMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "PnsnAdjsPrrSvcCstMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Pension Adjustments Prior Service Cost", "label": "Pension Adjustments Prior Service Cost [Member]" } } }, "auth_ref": [ "r937" ] }, "ecd_PnsnAdjsSvcCstMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "PnsnAdjsSvcCstMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Pension Adjustments Service Cost", "label": "Pension Adjustments Service Cost [Member]" } } }, "auth_ref": [ "r981" ] }, "ecd_PnsnBnftsAdjFnTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "PnsnBnftsAdjFnTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Pension Benefits Adjustments, Footnote", "label": "Pension Benefits Adjustments, Footnote [Text Block]" } } }, "auth_ref": [ "r936" ] }, "peb_PortlandOregonMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "PortlandOregonMember", "presentation": [ "http://www.pebblebrookhotels.com/role/RevenueRevenueByGeographicLocationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Portland, OR", "label": "Portland, Oregon [Member]", "documentation": "Portland, Oregon [Member]" } } }, "auth_ref": [] }, "us-gaap_PreferredStockDividendRatePercentage": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PreferredStockDividendRatePercentage", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails", "http://www.pebblebrookhotels.com/role/EquityScheduleofPreferredStockOutstandingandDividendsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Preferred stock, dividend rate, percentage", "label": "Preferred Stock, Dividend Rate, Percentage", "documentation": "The percentage rate used to calculate dividend payments on preferred stock." } } }, "auth_ref": [ "r407", "r763", "r766", "r768", "r777" ] }, "us-gaap_PreferredStockDividendsIncomeStatementImpact": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PreferredStockDividendsIncomeStatementImpact", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome": { "parentTag": "us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic", "weight": -1.0, "order": 2.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome" ], "lang": { "en-us": { "role": { "negatedLabel": "Distributions to preferred shareholders", "label": "Preferred Stock Dividends, Income Statement Impact", "documentation": "The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders." } } }, "auth_ref": [] }, "us-gaap_PreferredStockDividendsPerShareDeclared": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PreferredStockDividendsPerShareDeclared", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityScheduleofPreferredStockOutstandingandDividendsDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Dividend per share/unit (in usd per share)", "label": "Preferred Stock, Dividends Per Share, Declared", "documentation": "Aggregate dividends declared during the period for each share of preferred stock outstanding." } } }, "auth_ref": [] }, "us-gaap_PreferredStockLiquidationPreference": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PreferredStockLiquidationPreference", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Preferred stock, liquidation preference (in usd per share)", "label": "Preferred Stock, Liquidation Preference Per Share", "documentation": "The per share liquidation preference (or restrictions) of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) that has a preference in involuntary liquidation considerably in excess of the par or stated value of the shares. The liquidation preference is the difference between the preference in liquidation and the par or stated values of the share." } } }, "auth_ref": [ "r36", "r37", "r73", "r1071", "r1073", "r1110" ] }, "us-gaap_PreferredStockLiquidationPreferenceValue": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PreferredStockLiquidationPreferenceValue", "crdr": "credit", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheetsParenthetical" ], "lang": { "en-us": { "role": { "verboseLabel": "Preferred shares of beneficial interest, liquidation preference value", "label": "Preferred Stock, Liquidation Preference, Value", "documentation": "Value of the difference between preference in liquidation and the par or stated values of the preferred shares." } } }, "auth_ref": [ "r225", "r228", "r410", "r421" ] }, "us-gaap_PreferredStockMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PreferredStockMember", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity", "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails", "http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlowsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Preferred Shares", "verboseLabel": "Preferred Shares/Units", "label": "Preferred Stock [Member]", "documentation": "Preferred shares may provide a preferential dividend to the dividend on common stock and may take precedence over common stock in the event of a liquidation. Preferred shares typically represent an ownership interest in the company." } } }, "auth_ref": [ "r883", "r884", "r887", "r888", "r889", "r892", "r1235", "r1240" ] }, "us-gaap_PreferredStockParOrStatedValuePerShare": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PreferredStockParOrStatedValuePerShare", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheetsParenthetical", "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Preferred shares of beneficial interest, par value (in usd per share)", "label": "Preferred Stock, Par or Stated Value Per Share", "documentation": "Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer." } } }, "auth_ref": [ "r73", "r406" ] }, "peb_PreferredStockRedemptionAfterChangeInControl": { "xbrltype": "durationItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "PreferredStockRedemptionAfterChangeInControl", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Preferred stock, redemption after change in control", "label": "Preferred stock, Redemption After Change In Control", "documentation": "Preferred stock, Redemption After Change In Control" } } }, "auth_ref": [] }, "us-gaap_PreferredStockRedemptionPricePerShare": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PreferredStockRedemptionPricePerShare", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Preferred shares of beneficial interest, redemption price per share (in usd per share)", "label": "Preferred Stock, Redemption Price Per Share", "documentation": "The price per share at which the preferred stock of an entity that has priority over common stock in the distribution of dividends and in the event of liquidation of the entity is redeemed or may be called at. The redemption features of this preferred stock are solely within the control of the issuer." } } }, "auth_ref": [ "r35", "r36", "r39" ] }, "us-gaap_PreferredStockSharesAuthorized": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PreferredStockSharesAuthorized", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheetsParenthetical", "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Preferred shares of beneficial interest, authorized (in shares)", "label": "Preferred Stock, Shares Authorized", "documentation": "The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws." } } }, "auth_ref": [ "r73", "r719" ] }, "us-gaap_PreferredStockSharesIssued": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PreferredStockSharesIssued", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheetsParenthetical" ], "lang": { "en-us": { "role": { "verboseLabel": "Preferred shares of beneficial interest, issued (in shares)", "label": "Preferred Stock, Shares Issued", "documentation": "Number of shares issued for nonredeemable preferred shares and preferred shares redeemable solely at option of issuer. Includes, but is not limited to, preferred shares issued, repurchased, and held as treasury shares. Excludes preferred shares classified as debt." } } }, "auth_ref": [ "r73", "r406" ] }, "us-gaap_PreferredStockSharesOutstanding": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PreferredStockSharesOutstanding", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheetsParenthetical", "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails", "http://www.pebblebrookhotels.com/role/EquityScheduleofPreferredStockOutstandingandDividendsDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Preferred shares of beneficial interest, outstanding (in shares)", "terseLabel": "Preferred stock, outstanding (in shares)", "label": "Preferred Stock, Shares Outstanding", "documentation": "Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased." } } }, "auth_ref": [ "r73", "r719", "r738", "r1240", "r1241" ] }, "us-gaap_PreferredStockValue": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PreferredStockValue", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets": { "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets" ], "lang": { "en-us": { "role": { "verboseLabel": "Preferred shares of beneficial interest, $.01 par value (liquidation preference $676,724 at March\u00a031, 2026 and December\u00a031, 2025), 100,000,000 shares authorized; 27,068,962 shares issued and outstanding at March\u00a031, 2026 and December\u00a031, 2025", "label": "Preferred Stock, Value, Issued", "documentation": "Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity." } } }, "auth_ref": [ "r73", "r395", "r401", "r636", "r863" ] }, "us-gaap_PrepaidExpenseAndOtherAssets": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PrepaidExpenseAndOtherAssets", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets": { "parentTag": "us-gaap_Assets", "weight": 1.0, "order": 4.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets" ], "lang": { "en-us": { "role": { "terseLabel": "Prepaid expenses and other assets", "label": "Prepaid Expense and Other Assets", "documentation": "Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets." } } }, "auth_ref": [] }, "us-gaap_PriorPeriodReclassificationAdjustmentDescription": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PriorPeriodReclassificationAdjustmentDescription", "presentation": [ "http://www.pebblebrookhotels.com/role/SummaryofSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "terseLabel": "Reclassifications", "label": "Reclassification, Comparability Adjustment [Policy Text Block]", "documentation": "Disclosure of accounting policy for reclassification affecting comparability of financial statement. Excludes amendment to accounting standards, other change in accounting principle, and correction of error." } } }, "auth_ref": [ "r1006" ] }, "us-gaap_ProceedsFromInsuranceSettlementInvestingActivities": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ProceedsFromInsuranceSettlementInvestingActivities", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "terseLabel": "Property insurance proceeds", "label": "Proceeds from Insurance Settlement, Investing Activities", "documentation": "Amount of cash inflow for proceeds from settlement of insurance claim, classified as investing activities. Excludes insurance settlement classified as operating activities." } } }, "auth_ref": [ "r4", "r20" ] }, "us-gaap_ProceedsFromIssuanceOfLongTermDebt": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ProceedsFromIssuanceOfLongTermDebt", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "terseLabel": "Proceeds from debt", "label": "Proceeds from Issuance of Long-Term Debt", "documentation": "The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer." } } }, "auth_ref": [ "r21", "r684" ] }, "us-gaap_ProceedsFromPaymentsForOtherFinancingActivities": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ProceedsFromPaymentsForOtherFinancingActivities", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0, "order": 7.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "terseLabel": "Other financing activities", "label": "Proceeds from (Payment for) Other Financing Activity", "documentation": "Amount of cash inflow (outflow) from financing activity, classified as other." } } }, "auth_ref": [ "r986", "r1067" ] }, "srt_ProductOrServiceAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "ProductOrServiceAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome", "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Product and Service [Axis]", "label": "Product and Service [Axis]", "documentation": "Information by product and service, or group of similar products and similar services." } } }, "auth_ref": [ "r151", "r152", "r153", "r154", "r155", "r156", "r180", "r303", "r585", "r663", "r664", "r665", "r666", "r667", "r668", "r669", "r806", "r814", "r817", "r818", "r842", "r843", "r872", "r873", "r874", "r877", "r882", "r987", "r1005", "r1025", "r1026", "r1027", "r1028", "r1029", "r1030", "r1031", "r1032", "r1033", "r1034", "r1035", "r1036", "r1037", "r1038", "r1039", "r1040", "r1041", "r1042", "r1043", "r1044", "r1045", "r1046", "r1047", "r1048", "r1049", "r1050", "r1051", "r1052", "r1053", "r1054", "r1055", "r1056", "r1057", "r1058", "r1059", "r1060", "r1061", "r1062", "r1063", "r1064", "r1065", "r1102", "r1103", "r1204", "r1205", "r1206", "r1207", "r1208", "r1209", "r1210", "r1211", "r1212", "r1213", "r1214", "r1215", "r1216", "r1217", "r1218", "r1219", "r1220", "r1221", "r1222", "r1223", "r1224", "r1225", "r1226", "r1227", "r1228", "r1229", "r1230", "r1231", "r1232" ] }, "srt_ProductsAndServicesDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "ProductsAndServicesDomain", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome", "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Product and Service [Domain]", "label": "Product and Service [Domain]", "documentation": "Product or service, or a group of similar products or similar services." } } }, "auth_ref": [ "r151", "r152", "r153", "r154", "r155", "r156", "r180", "r303", "r585", "r663", "r664", "r665", "r666", "r667", "r668", "r669", "r806", "r814", "r817", "r818", "r842", "r843", "r872", "r873", "r874", "r877", "r882", "r987", "r1005", "r1025", "r1026", "r1027", "r1028", "r1029", "r1030", "r1031", "r1032", "r1033", "r1034", "r1035", "r1036", "r1037", "r1038", "r1039", "r1040", "r1041", "r1042", "r1043", "r1044", "r1045", "r1046", "r1047", "r1048", "r1049", "r1050", "r1051", "r1052", "r1053", "r1054", "r1055", "r1056", "r1057", "r1058", "r1059", "r1060", "r1061", "r1062", "r1063", "r1064", "r1065", "r1102", "r1103", "r1204", "r1205", "r1206", "r1207", "r1208", "r1209", "r1210", "r1211", "r1212", "r1213", "r1214", "r1215", "r1216", "r1217", "r1218", "r1219", "r1220", "r1221", "r1222", "r1223", "r1224", "r1225", "r1226", "r1227", "r1228", "r1229", "r1230", "r1231", "r1232" ] }, "us-gaap_ProfitLoss": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ProfitLoss", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome": { "parentTag": "us-gaap_NetIncomeLoss", "weight": 1.0, "order": 1.0 }, "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncomeContinued": { "parentTag": "us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest", "weight": 1.0, "order": 1.0 }, "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows", "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity", "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome", "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncomeContinued", "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "totalLabel": "Net income (loss)", "terseLabel": "Net income (loss)", "verboseLabel": "Net income (loss)", "label": "Net Income (Loss), Including Portion Attributable to Noncontrolling Interest", "documentation": "The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest." } } }, "auth_ref": [ "r186", "r191", "r203", "r205", "r217", "r225", "r229", "r230", "r232", "r237", "r245", "r248", "r249", "r310", "r351", "r352", "r354", "r355", "r356", "r357", "r358", "r360", "r361", "r393", "r476", "r500", "r505", "r506", "r509", "r510", "r559", "r561", "r624", "r626", "r643", "r691", "r739", "r755", "r756", "r851", "r852", "r895", "r1022", "r1106" ] }, "us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "PropertyPlantAndEquipmentDisclosureTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/InvestmentinHotelProperties" ], "lang": { "en-us": { "role": { "terseLabel": "Investment in Hotel Properties", "label": "Property, Plant and Equipment Disclosure [Text Block]", "documentation": "The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections." } } }, "auth_ref": [ "r98", "r133", "r135", "r136" ] }, "ecd_PvpTable": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "PvpTable", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Pay vs Performance Disclosure", "label": "Pay vs Performance Disclosure [Table]" } } }, "auth_ref": [ "r934" ] }, "ecd_PvpTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "PvpTableTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Pay vs Performance Disclosure, Table", "label": "Pay vs Performance [Table Text Block]" } } }, "auth_ref": [ "r934" ] }, "srt_RangeAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "RangeAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofInterestRateSwapsDetails", "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesNarrativeDetails", "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Statistical Measurement [Axis]", "label": "Statistical Measurement [Axis]", "documentation": "Information by statistical measurement. Includes, but is not limited to, minimum, maximum, weighted average, arithmetic average, and median." } } }, "auth_ref": [ "r142", "r144", "r146", "r147", "r149", "r167", "r169", "r170", "r181", "r182", "r273", "r345", "r346", "r347", "r348", "r439", "r440", "r468", "r469", "r470", "r475", "r479", "r560", "r581", "r582", "r583", "r670", "r671", "r678", "r709", "r710", "r762", "r765", "r769", "r770", "r776", "r786", "r787", "r789", "r790", "r803", "r804", "r833", "r841", "r845", "r848", "r849", "r850", "r856", "r857", "r858", "r859", "r873", "r885", "r1100", "r1108", "r1168", "r1192", "r1193", "r1194", "r1195", "r1196" ] }, "srt_RangeMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "RangeMember", "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofInterestRateSwapsDetails", "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesNarrativeDetails", "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Statistical Measurement [Domain]", "label": "Statistical Measurement [Domain]", "documentation": "Statistical measurement. Includes, but is not limited to, minimum, maximum, weighted average, arithmetic average, and median." } } }, "auth_ref": [ "r142", "r144", "r146", "r147", "r149", "r167", "r169", "r170", "r181", "r182", "r273", "r345", "r346", "r347", "r348", "r439", "r440", "r468", "r469", "r470", "r475", "r479", "r560", "r581", "r582", "r583", "r670", "r671", "r678", "r709", "r710", "r762", "r765", "r769", "r770", "r776", "r786", "r787", "r789", "r790", "r803", "r804", "r833", "r841", "r845", "r848", "r849", "r850", "r856", "r857", "r858", "r859", "r873", "r885", "r1100", "r1108", "r1168", "r1192", "r1193", "r1194", "r1195", "r1196" ] }, "us-gaap_RealEstateAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RealEstateAbstract", "lang": { "en-us": { "role": { "terseLabel": "Real Estate [Abstract]", "label": "Real Estate [Abstract]" } } }, "auth_ref": [] }, "srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/AcquisitionandDispositionofHotelPropertiesDispositionofHotelPropertiesDetails", "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesScheduleofHotelSubjecttoLeasesDetails", "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Name of Property [Axis]", "label": "Name of Property [Axis]", "documentation": "Information by name of property." } } }, "auth_ref": [ "r157", "r161", "r793", "r797", "r991", "r992", "r993", "r994", "r995", "r996", "r997", "r998", "r1247", "r1248", "r1249", "r1250", "r1251", "r1252", "r1253", "r1254" ] }, "srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "RealEstateAndAccumulatedDepreciationNameOfPropertyDomain", "presentation": [ "http://www.pebblebrookhotels.com/role/AcquisitionandDispositionofHotelPropertiesDispositionofHotelPropertiesDetails", "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesScheduleofHotelSubjecttoLeasesDetails", "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Name of Property [Domain]", "label": "Name of Property [Domain]", "documentation": "Name of the property, for example, but not limited to, ABC Shopping Center." } } }, "auth_ref": [ "r157", "r161", "r793", "r797", "r991", "r992", "r993", "r994", "r995", "r996", "r997", "r998", "r1247", "r1248", "r1249", "r1250", "r1251", "r1252", "r1253", "r1254" ] }, "us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RealEstateInvestmentPropertyAccumulatedDepreciation", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesScheduleofInvestmentinHotelPropertiesDetails": { "parentTag": "us-gaap_RealEstateInvestmentPropertyNet", "weight": -1.0, "order": 2.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesScheduleofInvestmentinHotelPropertiesDetails" ], "lang": { "en-us": { "role": { "negatedLabel": "Less: Accumulated depreciation", "label": "Real Estate Investment Property, Accumulated Depreciation", "documentation": "The cumulative amount of depreciation for real estate property held for investment purposes." } } }, "auth_ref": [ "r630" ] }, "us-gaap_RealEstateInvestmentPropertyAtCost": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RealEstateInvestmentPropertyAtCost", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesScheduleofInvestmentinHotelPropertiesDetails": { "parentTag": "us-gaap_RealEstateInvestmentPropertyNet", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesScheduleofInvestmentinHotelPropertiesDetails" ], "lang": { "en-us": { "role": { "totalLabel": "Investment in hotel properties", "label": "Real Estate Investment Property, at Cost", "documentation": "Amount of real estate investment property which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments." } } }, "auth_ref": [ "r631", "r632" ] }, "peb_RealEstateInvestmentPropertyExcludingOperatingLeaseRightOfUseAssetAtCost": { "xbrltype": "monetaryItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "RealEstateInvestmentPropertyExcludingOperatingLeaseRightOfUseAssetAtCost", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesScheduleofInvestmentinHotelPropertiesDetails": { "parentTag": "us-gaap_RealEstateInvestmentPropertyAtCost", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesScheduleofInvestmentinHotelPropertiesDetails" ], "lang": { "en-us": { "role": { "totalLabel": "Investment in hotel properties, before right-of-use asset, operating leases", "label": "Real Estate Investment Property. Excluding Operating Lease, Right Of Use Asset, At Cost", "documentation": "Real Estate Investment Property. Excluding Operating Lease, Right Of Use Asset, At Cost" } } }, "auth_ref": [] }, "us-gaap_RealEstateInvestmentPropertyNet": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RealEstateInvestmentPropertyNet", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets": { "parentTag": "us-gaap_Assets", "weight": 1.0, "order": 3.0 }, "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesScheduleofInvestmentinHotelPropertiesDetails": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets", "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesScheduleofInvestmentinHotelPropertiesDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Investment in hotel properties, net", "totalLabel": "Investment in hotel properties, net", "label": "Real Estate Investment Property, Net", "documentation": "Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments." } } }, "auth_ref": [ "r1198", "r1199" ] }, "us-gaap_RealEstateInvestmentsAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RealEstateInvestmentsAbstract", "presentation": [ "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesScheduleofInvestmentinHotelPropertiesDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Investment in hotel properties", "label": "Real Estate Investments, Net [Abstract]" } } }, "auth_ref": [] }, "us-gaap_RealEstatePropertiesLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RealEstatePropertiesLineItems", "presentation": [ "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Real Estate Properties [Line Items]", "label": "Real Estate Properties [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [] }, "peb_RealEstateTaxesPersonalPropertyTaxesPropertyInsuranceAndGroundRent": { "xbrltype": "monetaryItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "RealEstateTaxesPersonalPropertyTaxesPropertyInsuranceAndGroundRent", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome": { "parentTag": "us-gaap_CostsAndExpenses", "weight": 1.0, "order": 3.0 }, "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails": { "parentTag": "peb_EarningsBeforeInterestTaxDepreciationAndAmortization", "weight": -1.0, "order": 7.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome", "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Real estate taxes, personal property taxes, property insurance, and ground rent", "terseLabel": "Hotel real estate taxes, personal property taxes, property insurance and ground rent", "label": "Real Estate Taxes, Personal Property Taxes, Property Insurance, And Ground Rent", "documentation": "Real Estate Taxes, Personal Property Taxes, Property Insurance, And Ground Rent" } } }, "auth_ref": [] }, "ecd_RecoveryOfErrCompDisclosureLineItems": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "RecoveryOfErrCompDisclosureLineItems", "lang": { "en-us": { "role": { "label": "Recovery of Erroneously Awarded Compensation Disclosure [Line Items]" } } }, "auth_ref": [ "r902", "r912", "r922", "r954" ] }, "peb_RemainingTermsOfManagementAgreementsIncludingRenewals": { "xbrltype": "durationItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "RemainingTermsOfManagementAgreementsIncludingRenewals", "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesNarrativeDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Terms of management agreements including renewals", "label": "Remaining Terms Of Management Agreements Including Renewals", "documentation": "Remaining Terms Of Management Agreements Including Renewals" } } }, "auth_ref": [] }, "peb_RemainingTermsOfManagementAgreementsNotIncludingRenewals": { "xbrltype": "durationItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "RemainingTermsOfManagementAgreementsNotIncludingRenewals", "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesNarrativeDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Terms of management agreements not including renewals", "label": "Remaining Terms Of Management Agreements Not Including Renewals", "documentation": "Remaining Terms Of Management Agreements Not Including Renewals" } } }, "auth_ref": [] }, "us-gaap_RepaymentsOfLongTermDebt": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RepaymentsOfLongTermDebt", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0, "order": 3.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows", "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "negatedLabel": "Repayments of debt", "terseLabel": "Repayments of long term debt", "label": "Repayments of Long-Term Debt", "documentation": "The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer." } } }, "auth_ref": [ "r92", "r687" ] }, "peb_ReportableSegmentMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "ReportableSegmentMember", "presentation": [ "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Reportable Segment", "label": "Reportable Segment [Member]", "documentation": "Reportable Segment" } } }, "auth_ref": [] }, "peb_ReserveFundsAsPercentageOfHotelRevenues": { "xbrltype": "percentItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "ReserveFundsAsPercentageOfHotelRevenues", "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesNarrativeDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Reserve funds allowed for hotel maintenance from hotel revenue", "label": "Reserve Funds As Percentage Of Hotel Revenues", "documentation": "Reserve funds as percentage of hotel revenues." } } }, "auth_ref": [] }, "ecd_RestatementDateAxis": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "RestatementDateAxis", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Restatement Determination Date:", "label": "Restatement Determination Date [Axis]" } } }, "auth_ref": [ "r903", "r913", "r923", "r955" ] }, "ecd_RestatementDeterminationDate": { "xbrltype": "dateItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "RestatementDeterminationDate", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Restatement Determination Date", "label": "Restatement Determination Date" } } }, "auth_ref": [ "r904", "r914", "r924", "r956" ] }, "ecd_RestatementDoesNotRequireRecoveryTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "RestatementDoesNotRequireRecoveryTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Restatement does not require Recovery", "label": "Restatement Does Not Require Recovery [Text Block]" } } }, "auth_ref": [ "r911", "r921", "r931", "r963" ] }, "peb_RestrictedAndPerformanceBasedSharesMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "RestrictedAndPerformanceBasedSharesMember", "presentation": [ "http://www.pebblebrookhotels.com/role/EarningsLossPerShareNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Restricted and Performance Based Shares", "label": "Restricted And Performance Based Shares [Member]", "documentation": "Restricted and Performance Based Shares" } } }, "auth_ref": [] }, "us-gaap_RestrictedCashAndCashEquivalents": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RestrictedCashAndCashEquivalents", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets": { "parentTag": "us-gaap_Assets", "weight": 1.0, "order": 5.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesNarrativeDetails", "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets" ], "lang": { "en-us": { "role": { "verboseLabel": "Restricted cash", "label": "Restricted Cash and Cash Equivalent", "documentation": "Amount of cash and cash equivalent restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate." } } }, "auth_ref": [ "r23", "r114", "r192", "r222", "r635" ] }, "us-gaap_RestrictedStockMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RestrictedStockMember", "presentation": [ "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanNarrativeDetails", "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanScheduleofServiceConditionRestrictedShareActivityDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Service Condition Share Awards", "label": "Restricted Stock [Member]", "documentation": "Stock including a provision that prohibits sale or substantive sale of an equity instrument for a specified period of time or until specified performance conditions are met." } } }, "auth_ref": [ "r1085", "r1117", "r1118", "r1119", "r1120", "r1121", "r1122", "r1123", "r1124", "r1125", "r1126", "r1127", "r1129", "r1130", "r1131", "r1132", "r1133", "r1134", "r1135", "r1136", "r1137", "r1138", "r1139", "r1140", "r1141", "r1142", "r1143" ] }, "us-gaap_RetainedEarningsAccumulatedDeficit": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RetainedEarningsAccumulatedDeficit", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets": { "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0, "order": 5.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets" ], "lang": { "en-us": { "role": { "terseLabel": "Distributions and retained deficit", "label": "Retained Earnings (Accumulated Deficit)", "documentation": "Amount of accumulated undistributed earnings (deficit)." } } }, "auth_ref": [ "r76", "r110", "r639", "r675", "r677", "r688", "r720", "r863" ] }, "us-gaap_RetainedEarningsMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RetainedEarningsMember", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity" ], "lang": { "en-us": { "role": { "terseLabel": "Distributions and retained deficit", "label": "Retained Earnings [Member]", "documentation": "Accumulated undistributed earnings (deficit)." } } }, "auth_ref": [ "r183", "r185", "r186", "r234", "r235", "r236", "r238", "r245", "r247", "r249", "r311", "r312", "r332", "r392", "r476", "r490", "r491", "r497", "r498", "r499", "r501", "r504", "r505", "r546", "r548", "r549", "r551", "r557", "r570", "r572", "r672", "r674", "r692", "r1240" ] }, "us-gaap_RevenueFromContractWithCustomerAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RevenueFromContractWithCustomerAbstract", "lang": { "en-us": { "role": { "terseLabel": "Revenue from Contract with Customer [Abstract]", "label": "Revenue from Contract with Customer [Abstract]" } } }, "auth_ref": [] }, "us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RevenueFromContractWithCustomerExcludingAssessedTax", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome": { "parentTag": "us-gaap_OperatingIncomeLoss", "weight": 1.0, "order": 1.0 }, "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails": { "parentTag": "peb_EarningsBeforeInterestTaxDepreciationAndAmortization", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome", "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails", "http://www.pebblebrookhotels.com/role/RevenueRevenueByGeographicLocationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Total revenues", "label": "Revenue from Contract with Customer, Excluding Assessed Tax", "documentation": "Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise." } } }, "auth_ref": [ "r126", "r127", "r265", "r279", "r280", "r294", "r300", "r303", "r305", "r307", "r434", "r435", "r436", "r585", "r815", "r818" ] }, "us-gaap_RevenueFromContractWithCustomerTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RevenueFromContractWithCustomerTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/Revenue" ], "lang": { "en-us": { "role": { "terseLabel": "Revenue", "label": "Revenue from Contract with Customer [Text Block]", "documentation": "The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts." } } }, "auth_ref": [ "r139", "r425", "r427", "r428", "r429", "r430", "r431", "r432", "r433", "r436", "r438" ] }, "us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RevenueFromExternalCustomersByGeographicAreasTableTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/RevenueTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Disaggregation of Revenue", "label": "Revenue from External Customers by Geographic Areas [Table Text Block]", "documentation": "Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue." } } }, "auth_ref": [ "r96" ] }, "us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1": { "xbrltype": "durationItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1", "presentation": [ "http://www.pebblebrookhotels.com/role/RevenueNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Expected timing of satisfaction, period", "label": "Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period", "documentation": "Period in which remaining performance obligation is expected to be recognized as revenue, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days." } } }, "auth_ref": [ "r134" ] }, "us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionStartDateAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionStartDateAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/RevenueNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]", "label": "Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]", "documentation": "Start date of time band for expected timing of satisfaction of remaining performance obligation, in YYYY-MM-DD format." } } }, "auth_ref": [ "r134" ] }, "us-gaap_RevenuesAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RevenuesAbstract", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome" ], "lang": { "en-us": { "role": { "terseLabel": "Revenues:", "label": "Revenues [Abstract]" } } }, "auth_ref": [] }, "us-gaap_RevolvingCreditFacilityMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "RevolvingCreditFacilityMember", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofInterestExpenseDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Unsecured revolving credit facilities", "verboseLabel": "Unsecured revolving credit facilities", "label": "Revolving Credit Facility [Member]", "documentation": "Arrangement in which loan proceeds can continuously be obtained following repayments, but the total amount borrowed cannot exceed a specified maximum amount." } } }, "auth_ref": [] }, "peb_RisksAndUncertaintiesPolicyPolicyTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "RisksAndUncertaintiesPolicyPolicyTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/SummaryofSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "terseLabel": "Risks and Uncertainties", "label": "Risks and Uncertainties, Policy [Policy Text Block]", "documentation": "Risks and Uncertainties, Policy" } } }, "auth_ref": [] }, "ecd_Rule10b51ArrAdoptedFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "Rule10b51ArrAdoptedFlag", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Rule 10b5-1 Arrangement Adopted", "label": "Rule 10b5-1 Arrangement Adopted [Flag]" } } }, "auth_ref": [ "r972" ] }, "ecd_Rule10b51ArrTrmntdFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "Rule10b51ArrTrmntdFlag", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Rule 10b5-1 Arrangement Terminated", "label": "Rule 10b5-1 Arrangement Terminated [Flag]" } } }, "auth_ref": [ "r972" ] }, "peb_SaleOfRealEstateHeldForInvestmentSalesPrice": { "xbrltype": "monetaryItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "SaleOfRealEstateHeldForInvestmentSalesPrice", "crdr": "credit", "presentation": [ "http://www.pebblebrookhotels.com/role/AcquisitionandDispositionofHotelPropertiesDispositionofHotelPropertiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Sale Price", "label": "Sale Of Real Estate Held For Investment, Sales Price", "documentation": "Sale Of Real Estate Held For Investment, Sales Price" } } }, "auth_ref": [] }, "peb_SanDiegoCaliforniaMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "SanDiegoCaliforniaMember", "presentation": [ "http://www.pebblebrookhotels.com/role/RevenueRevenueByGeographicLocationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "San Diego, CA", "label": "San Diego, California [Member]", "documentation": "San Diego, California [Member]" } } }, "auth_ref": [] }, "peb_SanFranciscoCaliforniaMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "SanFranciscoCaliforniaMember", "presentation": [ "http://www.pebblebrookhotels.com/role/RevenueRevenueByGeographicLocationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "San Francisco, CA", "label": "San Francisco, California [Member]", "documentation": "San Francisco, California [Member]" } } }, "auth_ref": [] }, "us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable", "presentation": [ "http://www.pebblebrookhotels.com/role/EarningsLossPerShareNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table]", "label": "Antidilutive Security, Excluded EPS Calculation [Table]", "documentation": "Disclosure of information about security that could potentially dilute basic earnings per share (EPS) in future that was not included in calculation of diluted EPS." } } }, "auth_ref": [ "r261" ] }, "us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlowsTables" ], "lang": { "en-us": { "role": { "verboseLabel": "Schedule of Supplemental Information to Statements of Cash Flows", "label": "Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]", "documentation": "Tabular disclosure of supplemental cash flow information for the periods presented." } } }, "auth_ref": [] }, "us-gaap_ScheduleOfDebtInstrumentsTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfDebtInstrumentsTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Debt", "label": "Schedule of Long-Term Debt Instruments [Table Text Block]", "documentation": "Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer." } } }, "auth_ref": [ "r14", "r36", "r40", "r51", "r107", "r109", "r836", "r838", "r1072", "r1078", "r1183", "r1197" ] }, "us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/AcquisitionandDispositionofHotelPropertiesTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Hotel Properties Sold", "label": "Disposal Groups, Including Discontinued Operations [Table Text Block]", "documentation": "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." } } }, "auth_ref": [ "r9", "r12", "r16", "r53", "r54", "r55", "r56", "r57", "r58", "r59", "r60", "r61", "r100", "r1094", "r1095" ] }, "us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/EarningsLossPerShareTables" ], "lang": { "en-us": { "role": { "verboseLabel": "Schedule of Reconciliation of Basic and Diluted Earnings Per Common Share", "label": "Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]", "documentation": "Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations." } } }, "auth_ref": [ "r1084" ] }, "us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTable", "presentation": [ "http://www.pebblebrookhotels.com/role/RevenueNarrativeDetails", "http://www.pebblebrookhotels.com/role/RevenueRevenueByGeographicLocationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Revenue from External Customers by Products and Services [Table]", "label": "Segment Reporting, Revenue from External Customer, Product and Service [Table]", "documentation": "Disclosure of information about revenue from external customer by product and service when not provided as part of reportable operating segment information." } } }, "auth_ref": [ "r31" ] }, "us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfInterestRateDerivativesTableTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Interest Rate Swaps", "label": "Schedule of Interest Rate Derivatives [Table Text Block]", "documentation": "Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments." } } }, "auth_ref": [ "r1151", "r1153", "r1154", "r1157" ] }, "us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfMaturitiesOfLongTermDebtTableTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Future Minimum Principal Payments", "label": "Schedule of Maturities of Long-Term Debt [Table Text Block]", "documentation": "Tabular disclosure of maturity and sinking fund requirement for long-term debt." } } }, "auth_ref": [ "r7" ] }, "us-gaap_ScheduleOfRealEstatePropertiesTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfRealEstatePropertiesTable", "presentation": [ "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Real Estate Properties [Table]", "label": "Real Estate Property, Ownership [Table]", "documentation": "Disclosure of information about real estate property by ownership of property." } } }, "auth_ref": [] }, "us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfRealEstatePropertiesTableTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/InvestmentinHotelPropertiesTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Investment in Hotel Properties", "label": "Schedule of Real Estate Properties [Table Text Block]", "documentation": "Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations." } } }, "auth_ref": [] }, "us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfSegmentReportingInformationBySegmentTable", "presentation": [ "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Segment Reporting Information, by Segment [Table]", "label": "Schedule of Segment Reporting Information, by Segment [Table]", "documentation": "Disclosure of information about profit (loss) and total assets by reportable segment." } } }, "auth_ref": [ "r28", "r29", "r30" ] }, "us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfSegmentReportingInformationBySegmentTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Segment Reporting Information, by Segment", "label": "Schedule of Segment Reporting Information, by Segment [Table Text Block]", "documentation": "Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss." } } }, "auth_ref": [ "r28", "r29", "r30" ] }, "us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable", "presentation": [ "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanNarrativeDetails", "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanScheduleofServiceConditionRestrictedShareActivityDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]", "label": "Schedule of Share-Based Compensation Arrangements by Share-Based Payment Award [Table]", "documentation": "Disclosure of information about share-based payment arrangement." } } }, "auth_ref": [ "r442", "r443", "r445", "r446", "r447", "r448", "r449", "r450", "r451", "r452", "r453", "r454", "r455", "r456", "r457", "r458", "r459", "r460", "r461", "r462", "r463", "r464", "r465", "r466", "r467", "r468", "r469", "r470", "r471", "r475" ] }, "us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanTables" ], "lang": { "en-us": { "role": { "verboseLabel": "Schedule of Service Condition Restricted Share Activity", "label": "Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]", "documentation": "Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year." } } }, "auth_ref": [ "r1128" ] }, "us-gaap_ScheduleOfStockByClassTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfStockByClassTable", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails", "http://www.pebblebrookhotels.com/role/EquityScheduleofPreferredStockOutstandingandDividendsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Stock by Class [Table]", "label": "Stock, Class of Stock [Table]", "documentation": "Disclosure of information about stock by class. Includes, but is not limited to, common, convertible, and preferred stocks." } } }, "auth_ref": [ "r33", "r34", "r36", "r37", "r38", "r40", "r107", "r109", "r110", "r194", "r195", "r196", "r267", "r406", "r407", "r408", "r410", "r413", "r418", "r420", "r545", "r684", "r685", "r686", "r687", "r841", "r983", "r1071", "r1073" ] }, "us-gaap_ScheduleOfStockByClassTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ScheduleOfStockByClassTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityTables" ], "lang": { "en-us": { "role": { "terseLabel": "Schedule of Preferred Shares Outstanding", "label": "Schedule of Stock by Class [Table Text Block]", "documentation": "Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding." } } }, "auth_ref": [ "r15", "r33", "r34", "r36", "r37", "r38", "r40", "r73", "r74", "r107", "r109", "r110" ] }, "us-gaap_SecuredOvernightFinancingRateSofrMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SecuredOvernightFinancingRateSofrMember", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "SOFR", "label": "Secured Overnight Financing Rate (SOFR) [Member]", "documentation": "Interest rate at which bank can borrow U.S. dollar overnight while posting U.S. Treasury bond as collateral." } } }, "auth_ref": [ "r1162" ] }, "dei_Security12bTitle": { "xbrltype": "securityTitleItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "Security12bTitle", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Title of 12(b) Security", "label": "Title of 12(b) Security", "documentation": "Title of a 12(b) registered security." } } }, "auth_ref": [ "r897" ] }, "dei_SecurityExchangeName": { "xbrltype": "edgarExchangeCodeItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "SecurityExchangeName", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Security Exchange Name", "label": "Security Exchange Name", "documentation": "Name of the Exchange on which a security is registered." } } }, "auth_ref": [ "r899" ] }, "us-gaap_SegmentDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SegmentDomain", "presentation": [ "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Segments [Domain]", "label": "Segments [Domain]", "documentation": "Components of an entity that engage in business activities from which they may earn revenue and incur expenses, including transactions with other components of the same entity." } } }, "auth_ref": [ "r126", "r127", "r128", "r129", "r265", "r275", "r278", "r279", "r280", "r281", "r282", "r283", "r284", "r285", "r286", "r287", "r288", "r289", "r291", "r292", "r293", "r294", "r295", "r296", "r297", "r298", "r300", "r301", "r302", "r307", "r316", "r317", "r318", "r319", "r320", "r321", "r322", "r323", "r324", "r331", "r341", "r342", "r502", "r503", "r652", "r653", "r654", "r655", "r656", "r657", "r658", "r659", "r660", "r661", "r662", "r825", "r828", "r829", "r834", "r876", "r1204", "r1205", "r1206", "r1207", "r1208", "r1209", "r1210", "r1211", "r1212", "r1213", "r1214", "r1215", "r1216", "r1217", "r1218", "r1219", "r1220", "r1221", "r1222", "r1223", "r1224", "r1225", "r1226", "r1227", "r1228", "r1229", "r1230", "r1231", "r1232" ] }, "srt_SegmentGeographicalDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "SegmentGeographicalDomain", "presentation": [ "http://www.pebblebrookhotels.com/role/RevenueRevenueByGeographicLocationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Geographical [Domain]", "label": "Geographical [Domain]", "documentation": "Geographical area." } } }, "auth_ref": [ "r143", "r145", "r148", "r150", "r157", "r158", "r159", "r160", "r162", "r163", "r164", "r165", "r166", "r168", "r169", "r170", "r270", "r305", "r306", "r586", "r587", "r588", "r589", "r590", "r591", "r592", "r593", "r594", "r595", "r596", "r597", "r598", "r599", "r600", "r601", "r602", "r603", "r604", "r605", "r606", "r607", "r608", "r609", "r610", "r611", "r612", "r613", "r614", "r615", "r616", "r617", "r618", "r619", "r624", "r625", "r626", "r627", "r705", "r706", "r707", "r764", "r767", "r771", "r778", "r786", "r788", "r789", "r790", "r793", "r794", "r795", "r796", "r798", "r799", "r800", "r801", "r802", "r807", "r820", "r842", "r844", "r864", "r865", "r866", "r867", "r868", "r869", "r870", "r871", "r875", "r885", "r1204", "r1205", "r1206", "r1208", "r1209", "r1210", "r1211", "r1212", "r1213", "r1214", "r1215", "r1216", "r1217", "r1218", "r1219", "r1220", "r1221", "r1222", "r1223", "r1224", "r1225", "r1226", "r1227", "r1228", "r1229", "r1230", "r1231", "r1232" ] }, "us-gaap_SegmentReportingAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SegmentReportingAbstract", "lang": { "en-us": { "role": { "label": "Segment Reporting [Abstract]" } } }, "auth_ref": [] }, "us-gaap_SegmentReportingDisclosureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SegmentReportingDisclosureTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/OperatingSegmentInformation" ], "lang": { "en-us": { "role": { "terseLabel": "Operating Segment Information", "label": "Segment Reporting Disclosure [Text Block]", "documentation": "The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments." } } }, "auth_ref": [ "r129", "r265", "r274", "r275", "r276", "r277", "r278", "r290", "r292", "r293", "r298", "r299", "r300", "r301", "r302", "r303", "r304", "r307", "r824", "r826", "r827", "r828", "r830", "r831", "r832" ] }, "us-gaap_SegmentReportingInformationLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SegmentReportingInformationLineItems", "presentation": [ "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Segment Reporting Information [Line Items]", "label": "Segment Reporting Information [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [] }, "us-gaap_SegmentReportingOtherItemAmount": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SegmentReportingOtherItemAmount", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails": { "parentTag": "peb_EarningsBeforeInterestTaxDepreciationAndAmortization", "weight": -1.0, "order": 8.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Other segment items", "label": "Segment Reporting, Other Segment Item, Amount", "documentation": "Amount of other expense (income) and loss (gain) calculated as difference between segment revenue and separately disclosed expense category to arrive at segment profit (loss)." } } }, "auth_ref": [ "r265", "r292", "r293", "r300", "r828" ] }, "peb_SegmentReportingOtherSegmentItemGeneralAndAdministrativeAmount": { "xbrltype": "monetaryItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "SegmentReportingOtherSegmentItemGeneralAndAdministrativeAmount", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails": { "parentTag": "peb_EarningsBeforeInterestTaxDepreciationAndAmortization", "weight": -1.0, "order": 3.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Hotel general and administrative", "negatedLabel": "Corporate and other", "label": "Segment Reporting, Other Segment Item, General And Administrative Amount", "documentation": "Segment Reporting, Other Segment Item, Hotel General And Administrative Amount" } } }, "auth_ref": [] }, "us-gaap_SellingAndMarketingExpense": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SellingAndMarketingExpense", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails": { "parentTag": "peb_EarningsBeforeInterestTaxDepreciationAndAmortization", "weight": -1.0, "order": 4.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Hotel sales and marketing", "label": "Selling and Marketing Expense", "documentation": "The aggregate total amount of expenses directly related to the marketing or selling of products or services." } } }, "auth_ref": [] }, "peb_SeniorNotes2026Member": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "SeniorNotes2026Member", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Convertible Notes 2026", "label": "Senior Notes 2026 [Member]", "documentation": "Senior Notes 2026" } } }, "auth_ref": [] }, "peb_SeniorNotes2029Member": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "SeniorNotes2029Member", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Unsecured senior notes principal", "label": "Senior Notes 2029 [Member]", "documentation": "Senior Notes 2029" } } }, "auth_ref": [] }, "peb_SeniorNotes2030Member": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "SeniorNotes2030Member", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Convertible Notes 2030", "label": "Senior Notes 2030 [Member]", "documentation": "Senior Notes 2030" } } }, "auth_ref": [] }, "us-gaap_SeniorNotesMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SeniorNotesMember", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofInterestExpenseDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Unsecured senior notes", "netLabel": "Unsecured senior notes", "label": "Senior Notes [Member]", "documentation": "Bond that takes priority over other debt securities sold by the issuer. In the event the issuer goes bankrupt, senior debt holders receive priority for (must receive) repayment prior to (relative to) junior and unsecured (general) creditors." } } }, "auth_ref": [] }, "peb_SeniorUnsecuredRevolvingCreditFacilityDueOctober2028Member": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "SeniorUnsecuredRevolvingCreditFacilityDueOctober2028Member", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Senior Unsecured Revolving Credit Facility Due October 2028", "label": "Senior Unsecured Revolving Credit Facility Due October 2028 [Member]", "documentation": "Senior Unsecured Revolving Credit Facility Due October 2028" } } }, "auth_ref": [] }, "peb_SeniorUnsecuredRevolvingCreditFacilityMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "SeniorUnsecuredRevolvingCreditFacilityMember", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Senior unsecured credit facility", "label": "Senior Unsecured Revolving Credit Facility [Member]", "documentation": "Senior Unsecured Revolving Credit Facility [Member]" } } }, "auth_ref": [] }, "us-gaap_SeriesEPreferredStockMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SeriesEPreferredStockMember", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage", "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails", "http://www.pebblebrookhotels.com/role/EquityScheduleofPreferredStockOutstandingandDividendsDetails" ], "lang": { "en-us": { "role": { "netLabel": "Series E Cumulative Redeemable Preferred Shares, $0.01 par value", "terseLabel": "Series E Preferred Stock", "verboseLabel": "6.375% Series E", "label": "Series E Preferred Stock [Member]", "documentation": "Series E preferred stock." } } }, "auth_ref": [ "r1008", "r1009", "r1109", "r1111" ] }, "us-gaap_SeriesFPreferredStockMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SeriesFPreferredStockMember", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage", "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails", "http://www.pebblebrookhotels.com/role/EquityScheduleofPreferredStockOutstandingandDividendsDetails" ], "lang": { "en-us": { "role": { "netLabel": "Series F Cumulative Redeemable Preferred Shares, $0.01 par value", "terseLabel": "Series F Preferred Stock", "verboseLabel": "6.30% Series F", "label": "Series F Preferred Stock [Member]", "documentation": "Series F preferred stock." } } }, "auth_ref": [ "r1008", "r1009", "r1109", "r1111" ] }, "us-gaap_SeriesGPreferredStockMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SeriesGPreferredStockMember", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage", "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails", "http://www.pebblebrookhotels.com/role/EquityScheduleofPreferredStockOutstandingandDividendsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Series G Cumulative Redeemable Preferred Shares, $0.01 par value", "verboseLabel": "Series G Preferred Stock", "label": "Series G Preferred Stock [Member]", "documentation": "Series G preferred stock." } } }, "auth_ref": [ "r1008", "r1009", "r1109", "r1111" ] }, "us-gaap_SeriesHPreferredStockMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SeriesHPreferredStockMember", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage", "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails", "http://www.pebblebrookhotels.com/role/EquityScheduleofPreferredStockOutstandingandDividendsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Series H Cumulative Redeemable Preferred Shares, $0.01 par value", "verboseLabel": "Series H Preferred Stock", "label": "Series H Preferred Stock [Member]", "documentation": "Series H preferred stock." } } }, "auth_ref": [ "r1008", "r1009", "r1109", "r1111" ] }, "peb_SeriesZPreferredStockMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "SeriesZPreferredStockMember", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Series Z Preferred Stock", "label": "Series Z Preferred Stock [Member]", "documentation": "Series Z Preferred Stock" } } }, "auth_ref": [] }, "us-gaap_ShareBasedCompensation": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ShareBasedCompensation", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0, "order": 4.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofCashFlows" ], "lang": { "en-us": { "role": { "verboseLabel": "Share-based compensation", "label": "Share-Based Payment Arrangement, Noncash Expense", "documentation": "Amount of noncash expense for share-based payment arrangement." } } }, "auth_ref": [ "r5" ] }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1": { "xbrltype": "durationItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1", "presentation": [ "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Award vesting period", "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period", "documentation": "Period over which grantee's right to exercise award under share-based payment arrangement is no longer contingent on satisfaction of service or performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Includes, but is not limited to, combination of market, performance or service condition." } } }, "auth_ref": [ "r846" ] }, "peb_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantDateFairValue": { "xbrltype": "monetaryItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantDateFairValue", "crdr": "credit", "presentation": [ "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Aggregate grant date fair value", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grant Date Fair Value", "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grant Date Fair Value" } } }, "auth_ref": [] }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails", "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanNarrativeDetails", "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanScheduleofServiceConditionRestrictedShareActivityDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Awards granted (in shares)", "verboseLabel": "Granted (in shares)", "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period", "documentation": "The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan)." } } }, "auth_ref": [ "r459" ] }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue", "presentation": [ "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanScheduleofServiceConditionRestrictedShareActivityDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Granted (in usd per share)", "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value", "documentation": "The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan)." } } }, "auth_ref": [ "r459" ] }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber", "presentation": [ "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanScheduleofServiceConditionRestrictedShareActivityDetails" ], "lang": { "en-us": { "role": { "periodStartLabel": "Unvested beginning balance (in shares)", "periodEndLabel": "Unvested ending balance (in shares)", "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number", "documentation": "The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date." } } }, "auth_ref": [ "r456", "r457" ] }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward", "presentation": [ "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanScheduleofServiceConditionRestrictedShareActivityDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Shares", "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]", "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period." } } }, "auth_ref": [] }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue", "presentation": [ "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanNarrativeDetails", "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanScheduleofServiceConditionRestrictedShareActivityDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Fair value of award on grant date (in usd per share)", "periodStartLabel": "Unvested beginning balance (in usd per share)", "periodEndLabel": "Unvested ending balance (in usd per share)", "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value", "documentation": "Per share or unit weighted-average fair value of nonvested award under share-based payment arrangement. Excludes share and unit options." } } }, "auth_ref": [ "r456", "r457" ] }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward", "presentation": [ "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanScheduleofServiceConditionRestrictedShareActivityDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Weighted-Average Grant\u00a0Date Fair Value", "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]" } } }, "auth_ref": [] }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod", "presentation": [ "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanScheduleofServiceConditionRestrictedShareActivityDetails" ], "lang": { "en-us": { "role": { "negatedLabel": "Vested (in shares)", "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period", "documentation": "The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period." } } }, "auth_ref": [ "r460" ] }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue", "presentation": [ "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanScheduleofServiceConditionRestrictedShareActivityDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Vested (in usd per share)", "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value", "documentation": "The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement." } } }, "auth_ref": [ "r460" ] }, "peb_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedOutstandingNumber": { "xbrltype": "sharesItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedOutstandingNumber", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails", "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Awards vested (in shares)", "label": "Share-Based Compensation Arrangement By Share-Based Payment Award, Equity, Instruments Other Than Options , Vested, Outstanding, Number", "documentation": "Share-Based Compensation Arrangement By Share-Based Payment Award, Equity, Instruments Other Than Options , Vested, Outstanding, Number" } } }, "auth_ref": [] }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems", "presentation": [ "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanNarrativeDetails", "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanScheduleofServiceConditionRestrictedShareActivityDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award [Line Items]", "label": "Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r442", "r443", "r445", "r446", "r447", "r448", "r449", "r450", "r451", "r452", "r453", "r454", "r455", "r456", "r457", "r458", "r459", "r460", "r461", "r462", "r463", "r464", "r465", "r466", "r467", "r468", "r469", "r470", "r471", "r475" ] }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant", "presentation": [ "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanNarrativeDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Common shares available for issuance under the Plan (in shares)", "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant", "documentation": "The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable." } } }, "auth_ref": [ "r42" ] }, "peb_ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceTargetPercentage": { "xbrltype": "percentItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceTargetPercentage", "presentation": [ "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Performance target percentage", "label": "Share-Based Compensation Arrangement by Share-Based Payment Award, Performance Target, Percentage", "documentation": "Share-Based Compensation Arrangement by Share-Based Payment Award, Performance Target, Percentage" } } }, "auth_ref": [] }, "us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails", "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanNarrativeDetails", "http://www.pebblebrookhotels.com/role/ShareBasedCompensationPlanScheduleofServiceConditionRestrictedShareActivityDetails", "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Award Type [Domain]", "label": "Award Type [Domain]", "documentation": "Award under share-based payment arrangement." } } }, "auth_ref": [ "r445", "r446", "r447", "r448", "r449", "r450", "r451", "r452", "r453", "r454", "r455", "r456", "r457", "r458", "r459", "r460", "r461", "r462", "r463", "r464", "r465", "r467", "r468", "r469", "r470", "r471" ] }, "srt_ShareRepurchaseProgramAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "ShareRepurchaseProgramAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Share Repurchase Program [Axis]", "label": "Share Repurchase Program [Axis]", "documentation": "Information by share repurchase program." } } }, "auth_ref": [ "r1112" ] }, "srt_ShareRepurchaseProgramDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "ShareRepurchaseProgramDomain", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Share Repurchase Program [Domain]", "label": "Share Repurchase Program [Domain]", "documentation": "Name of share repurchase program." } } }, "auth_ref": [ "r1112" ] }, "us-gaap_SharesOutstanding": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SharesOutstanding", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity" ], "lang": { "en-us": { "role": { "periodStartLabel": "Beginning balance (in shares)", "periodEndLabel": "Ending balance (in shares)", "label": "Shares, Outstanding", "documentation": "Number of shares issued which are neither cancelled nor held in the treasury." } } }, "auth_ref": [] }, "us-gaap_SignificantAccountingPoliciesTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SignificantAccountingPoliciesTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/SummaryofSignificantAccountingPolicies" ], "lang": { "en-us": { "role": { "verboseLabel": "Summary of Significant Accounting Policies", "label": "Significant Accounting Policies [Text Block]", "documentation": "The entire disclosure for all significant accounting policies of the reporting entity." } } }, "auth_ref": [ "r223", "r224" ] }, "peb_SouthernFloridaAndGeorgiaMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "SouthernFloridaAndGeorgiaMember", "presentation": [ "http://www.pebblebrookhotels.com/role/RevenueRevenueByGeographicLocationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Southern Florida/Georgia", "label": "Southern Florida And Georgia [Member]", "documentation": "Southern Florida [Member]" } } }, "auth_ref": [] }, "us-gaap_StatementBusinessSegmentsAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StatementBusinessSegmentsAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/OperatingSegmentInformationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Segments [Axis]", "label": "Segments [Axis]", "documentation": "Information by business segments." } } }, "auth_ref": [ "r126", "r127", "r128", "r129", "r190", "r265", "r275", "r278", "r279", "r280", "r281", "r282", "r283", "r284", "r285", "r286", "r287", "r288", "r289", "r291", "r292", "r293", "r294", "r295", "r296", "r297", "r298", "r300", "r301", "r302", "r307", "r316", "r317", "r318", "r319", "r320", "r321", "r322", "r323", "r324", "r331", "r333", "r341", "r342", "r502", "r503", "r652", "r653", "r654", "r655", "r656", "r657", "r658", "r659", "r660", "r661", "r662", "r825", "r828", "r829", "r834", "r876", "r1204", "r1205", "r1206", "r1207", "r1208", "r1209", "r1210", "r1211", "r1212", "r1213", "r1214", "r1215", "r1216", "r1217", "r1218", "r1219", "r1220", "r1221", "r1222", "r1223", "r1224", "r1225", "r1226", "r1227", "r1228", "r1229", "r1230", "r1231", "r1232" ] }, "us-gaap_StatementClassOfStockAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StatementClassOfStockAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity", "http://www.pebblebrookhotels.com/role/CoverPage", "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails", "http://www.pebblebrookhotels.com/role/EquityScheduleofPreferredStockOutstandingandDividendsDetails", "http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlowsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Class of Stock [Axis]", "label": "Class of Stock [Axis]", "documentation": "Information by the different classes of stock of the entity." } } }, "auth_ref": [ "r140", "r194", "r195", "r196", "r225", "r230", "r254", "r255", "r258", "r260", "r267", "r268", "r310", "r351", "r354", "r355", "r356", "r360", "r361", "r394", "r395", "r397", "r398", "r400", "r403", "r406", "r407", "r410", "r413", "r420", "r561", "r684", "r685", "r686", "r687", "r692", "r694", "r695", "r696", "r697", "r698", "r699", "r700", "r701", "r702", "r703", "r704", "r719", "r740", "r757", "r779", "r780", "r781", "r782", "r783", "r983", "r1073", "r1075", "r1083" ] }, "us-gaap_StatementEquityComponentsAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StatementEquityComponentsAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity", "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Equity Components [Axis]", "label": "Equity Components [Axis]", "documentation": "Information by component of equity." } } }, "auth_ref": [ "r11", "r74", "r77", "r78", "r183", "r185", "r186", "r207", "r208", "r209", "r234", "r235", "r236", "r238", "r245", "r247", "r249", "r266", "r311", "r312", "r332", "r392", "r422", "r476", "r490", "r491", "r497", "r498", "r499", "r501", "r504", "r505", "r546", "r547", "r548", "r549", "r550", "r551", "r552", "r553", "r554", "r555", "r557", "r562", "r563", "r564", "r565", "r566", "r567", "r570", "r572", "r580", "r646", "r672", "r673", "r674", "r692", "r757" ] }, "srt_StatementGeographicalAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "StatementGeographicalAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/RevenueRevenueByGeographicLocationDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Geographical [Axis]", "label": "Geographical [Axis]", "documentation": "Information by geographical components." } } }, "auth_ref": [ "r143", "r145", "r148", "r150", "r157", "r158", "r159", "r160", "r162", "r163", "r164", "r165", "r166", "r168", "r169", "r170", "r270", "r305", "r306", "r586", "r587", "r588", "r589", "r590", "r591", "r592", "r593", "r594", "r595", "r596", "r597", "r598", "r599", "r600", "r601", "r602", "r603", "r604", "r605", "r606", "r607", "r608", "r609", "r610", "r611", "r612", "r613", "r614", "r615", "r616", "r617", "r618", "r619", "r624", "r625", "r626", "r627", "r705", "r706", "r707", "r764", "r767", "r771", "r778", "r786", "r788", "r789", "r790", "r793", "r794", "r795", "r796", "r798", "r799", "r800", "r801", "r802", "r807", "r820", "r842", "r844", "r864", "r865", "r866", "r867", "r868", "r869", "r870", "r871", "r875", "r885", "r1204", "r1205", "r1206", "r1208", "r1209", "r1210", "r1211", "r1212", "r1213", "r1214", "r1215", "r1216", "r1217", "r1218", "r1219", "r1220", "r1221", "r1222", "r1223", "r1224", "r1225", "r1226", "r1227", "r1228", "r1229", "r1230", "r1231", "r1232" ] }, "us-gaap_StatementLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StatementLineItems", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity", "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome" ], "lang": { "en-us": { "role": { "terseLabel": "Statement [Line Items]", "label": "Statement [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r234", "r235", "r236", "r266", "r394", "r395", "r397", "r400", "r572", "r585", "r683", "r693", "r704", "r711", "r712", "r713", "r714", "r715", "r716", "r719", "r722", "r723", "r724", "r725", "r726", "r728", "r729", "r730", "r731", "r733", "r734", "r735", "r736", "r737", "r741", "r742", "r743", "r744", "r745", "r746", "r747", "r748", "r749", "r750", "r751", "r752", "r753", "r754", "r757", "r817", "r818", "r886", "r1239" ] }, "us-gaap_StatementOfCashFlowsAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StatementOfCashFlowsAbstract", "lang": { "en-us": { "role": { "terseLabel": "Statement of Cash Flows [Abstract]", "label": "Statement of Cash Flows [Abstract]" } } }, "auth_ref": [] }, "us-gaap_StatementOfFinancialPositionAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StatementOfFinancialPositionAbstract", "lang": { "en-us": { "role": { "terseLabel": "Statement of Financial Position [Abstract]", "label": "Statement of Financial Position [Abstract]" } } }, "auth_ref": [] }, "us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StatementOfIncomeAndComprehensiveIncomeAbstract", "lang": { "en-us": { "role": { "terseLabel": "Statement of Comprehensive Income [Abstract]", "label": "Statement of Comprehensive Income [Abstract]" } } }, "auth_ref": [] }, "us-gaap_StatementOfStockholdersEquityAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StatementOfStockholdersEquityAbstract", "lang": { "en-us": { "role": { "terseLabel": "Statement of Stockholders' Equity [Abstract]", "label": "Statement of Stockholders' Equity [Abstract]" } } }, "auth_ref": [] }, "us-gaap_StatementTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StatementTable", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity", "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome" ], "lang": { "en-us": { "role": { "terseLabel": "Statement [Table]", "label": "Statement [Table]", "documentation": "Presentation of information about comprehensive income, income, other comprehensive income, financial position, cash flows, and shareholders' equity." } } }, "auth_ref": [ "r234", "r235", "r236", "r266", "r308", "r394", "r395", "r397", "r400", "r572", "r585", "r683", "r693", "r704", "r711", "r712", "r713", "r714", "r715", "r716", "r719", "r722", "r723", "r724", "r725", "r726", "r728", "r729", "r730", "r731", "r733", "r734", "r735", "r736", "r737", "r741", "r742", "r743", "r744", "r745", "r746", "r747", "r748", "r749", "r750", "r751", "r752", "r753", "r754", "r757", "r817", "r818", "r886", "r1239" ] }, "ecd_StkPrcOrTsrEstimationMethodTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "StkPrcOrTsrEstimationMethodTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/ErrCompDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Stock Price or TSR Estimation Method", "label": "Stock Price or TSR Estimation Method [Text Block]" } } }, "auth_ref": [ "r906", "r916", "r926", "r958" ] }, "us-gaap_StockAppreciationRightsSARSMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockAppreciationRightsSARSMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Stock Appreciation Rights (SARs)", "label": "Stock Appreciation Rights (SARs) [Member]", "documentation": "Right to receive cash or shares equal to appreciation of predetermined number of grantor's shares during predetermined time period." } } }, "auth_ref": [ "r1117", "r1118", "r1119", "r1120", "r1121", "r1122", "r1123", "r1124", "r1125", "r1126", "r1127", "r1129", "r1130", "r1131", "r1132", "r1133", "r1134", "r1135", "r1136", "r1137", "r1138", "r1139", "r1140", "r1141", "r1142", "r1143" ] }, "us-gaap_StockIssued1": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockIssued1", "crdr": "credit", "presentation": [ "http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlowsDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Issuance of shares/units", "label": "Stock Issued", "documentation": "The fair value of stock issued in noncash financing activities." } } }, "auth_ref": [ "r25", "r26", "r27" ] }, "us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity" ], "lang": { "en-us": { "role": { "terseLabel": "Share-based compensation (in shares)", "label": "Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures", "documentation": "Number of shares issued during the period related to Restricted Stock Awards, net of any shares forfeited." } } }, "auth_ref": [ "r11", "r73", "r74", "r110" ] }, "us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockIssuedDuringPeriodValueShareBasedCompensation", "crdr": "credit", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity" ], "lang": { "en-us": { "role": { "terseLabel": "Share-based compensation", "label": "Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture", "documentation": "Value, after forfeiture, of shares issued under share-based payment arrangement. Excludes employee stock ownership plan (ESOP)." } } }, "auth_ref": [ "r43", "r73", "r74", "r110" ] }, "srt_StockRepurchaseProgramAuthorizedAmount1": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "StockRepurchaseProgramAuthorizedAmount1", "crdr": "credit", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Share repurchase program, authorized amount", "label": "Share Repurchase Program, Authorized, Amount", "documentation": "Amount authorized for purchase of share under share repurchase plan. Includes, but is not limited to, repurchase of stock and unit of ownership." } } }, "auth_ref": [ "r1112" ] }, "us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1", "crdr": "credit", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Remaining authorized repurchase amount", "label": "Share Repurchase Program, Remaining Authorized, Amount", "documentation": "Amount remaining authorized for purchase of share under share repurchase plan. Includes, but is not limited to, repurchase of stock and unit of ownership." } } }, "auth_ref": [] }, "us-gaap_StockRepurchasedDuringPeriodShares": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockRepurchasedDuringPeriodShares", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity", "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Repurchase of common shares (in shares)", "terseLabel": "Stock repurchased during period, shares (in shares)", "label": "Stock Repurchased During Period, Shares", "documentation": "Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock." } } }, "auth_ref": [ "r11", "r73", "r74", "r110", "r687", "r757", "r782" ] }, "us-gaap_StockRepurchasedDuringPeriodValue": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockRepurchasedDuringPeriodValue", "crdr": "debit", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity", "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "negatedTerseLabel": "Repurchase of common shares", "terseLabel": "Repurchase of common shares", "label": "Stock Repurchased During Period, Value", "documentation": "Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock." } } }, "auth_ref": [ "r11", "r73", "r74", "r110", "r692", "r757", "r782", "r895" ] }, "us-gaap_StockholdersEquity": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockholdersEquity", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets": { "parentTag": "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets" ], "lang": { "en-us": { "role": { "totalLabel": "Total shareholders' equity", "label": "Equity, Attributable to Parent", "documentation": "Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest." } } }, "auth_ref": [ "r74", "r77", "r78", "r97", "r721", "r738", "r758", "r759", "r863", "r896", "r1071", "r1075", "r1076", "r1092", "r1182", "r1240" ] }, "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest", "crdr": "credit", "calculation": { "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets": { "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets", "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity" ], "lang": { "en-us": { "role": { "totalLabel": "Total equity", "periodStartLabel": "Beginning balance", "periodEndLabel": "Ending balance", "label": "Equity, Including Portion Attributable to Noncontrolling Interest", "documentation": "Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity." } } }, "auth_ref": [ "r44", "r45", "r48", "r183", "r184", "r185", "r186", "r208", "r234", "r235", "r236", "r238", "r245", "r247", "r311", "r312", "r332", "r392", "r422", "r476", "r490", "r491", "r497", "r498", "r499", "r501", "r504", "r505", "r546", "r547", "r548", "r549", "r550", "r551", "r557", "r562", "r563", "r567", "r571", "r580", "r673", "r674", "r690", "r721", "r738", "r758", "r759", "r784", "r878", "r880", "r895", "r1071", "r1075", "r1076", "r1092", "r1182", "r1240" ] }, "us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedBalanceSheets" ], "lang": { "en-us": { "role": { "verboseLabel": "Shareholders' equity:", "label": "Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]" } } }, "auth_ref": [] }, "us-gaap_StockholdersEquityNoteDisclosureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "StockholdersEquityNoteDisclosureTextBlock", "presentation": [ "http://www.pebblebrookhotels.com/role/Equity" ], "lang": { "en-us": { "role": { "verboseLabel": "Equity", "label": "Equity [Text Block]", "documentation": "The entire disclosure for equity." } } }, "auth_ref": [ "r106", "r405", "r407", "r409", "r410", "r411", "r412", "r413", "r414", "r415", "r416", "r417", "r419", "r422", "r545", "r556", "r760", "r761", "r785" ] }, "us-gaap_SupplementalCashFlowElementsAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "SupplementalCashFlowElementsAbstract", "lang": { "en-us": { "role": { "terseLabel": "Supplemental Cash Flow Elements [Abstract]", "label": "Supplemental Cash Flow Elements [Abstract]" } } }, "auth_ref": [] }, "ecd_TabularListTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "TabularListTableTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Tabular List, Table", "label": "Tabular List [Table Text Block]" } } }, "auth_ref": [ "r952" ] }, "peb_TermLoan2027Member": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "TermLoan2027Member", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Term Loan 2027", "label": "Term Loan 2027 [Member]", "documentation": "Term Loan 2027" } } }, "auth_ref": [] }, "peb_TermLoan2028Member": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "TermLoan2028Member", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Term Loan 2028", "label": "Term Loan 2028 [Member]", "documentation": "Term Loan 2028" } } }, "auth_ref": [] }, "peb_TermLoan2029Member": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "TermLoan2029Member", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Term Loan 2029", "label": "Term Loan 2029 [Member]", "documentation": "Term Loan 2029" } } }, "auth_ref": [] }, "peb_TermLoan2031Member": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "TermLoan2031Member", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Term Loan 2031", "label": "Term Loan 2031 [Member]", "documentation": "Term Loan 2031" } } }, "auth_ref": [] }, "peb_TermLoanMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "TermLoanMember", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofInterestExpenseDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Unsecured term loans", "verboseLabel": "Unsecured term loans", "label": "Term Loan [Member]", "documentation": "Term Loan [Member]" } } }, "auth_ref": [] }, "peb_TheWestinMichiganAvenueChicagoMember": { "xbrltype": "domainItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "TheWestinMichiganAvenueChicagoMember", "presentation": [ "http://www.pebblebrookhotels.com/role/AcquisitionandDispositionofHotelPropertiesDispositionofHotelPropertiesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "The Westin Michigan Avenue Chicago", "label": "The Westin Michigan Avenue Chicago [Member]", "documentation": "The Westin Michigan Avenue Chicago [Member]" } } }, "auth_ref": [] }, "srt_TitleOfIndividualAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "TitleOfIndividualAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity", "http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlowsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Title of Individual [Axis]", "label": "Title and Position [Axis]", "documentation": "Information by title and position of individual or group within organization." } } }, "auth_ref": [ "r1091", "r1188" ] }, "srt_TitleOfIndividualWithRelationshipToEntityDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2025", "localname": "TitleOfIndividualWithRelationshipToEntityDomain", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofEquity", "http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlowsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Title of Individual [Domain]", "label": "Title and Position [Domain]", "documentation": "Title and position of individual or group within organization." } } }, "auth_ref": [] }, "ecd_TotalShareholderRtnAmt": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "TotalShareholderRtnAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Total Shareholder Return Amount", "label": "Total Shareholder Return Amount" } } }, "auth_ref": [ "r944" ] }, "ecd_TotalShareholderRtnVsPeerGroupTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "TotalShareholderRtnVsPeerGroupTextBlock", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Total Shareholder Return Vs Peer Group", "label": "Total Shareholder Return Vs Peer Group [Text Block]" } } }, "auth_ref": [ "r951" ] }, "ecd_TradingArrAxis": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "TradingArrAxis", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Trading Arrangement:", "label": "Trading Arrangement [Axis]" } } }, "auth_ref": [ "r971" ] }, "ecd_TradingArrByIndTable": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "TradingArrByIndTable", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Trading Arrangements, by Individual", "label": "Trading Arrangements, by Individual [Table]" } } }, "auth_ref": [ "r973" ] }, "dei_TradingSymbol": { "xbrltype": "tradingSymbolItemType", "nsuri": "http://xbrl.sec.gov/dei/2025", "localname": "TradingSymbol", "presentation": [ "http://www.pebblebrookhotels.com/role/CoverPage" ], "lang": { "en-us": { "role": { "terseLabel": "Trading Symbol", "label": "Trading Symbol", "documentation": "Trading symbol of an instrument as listed on an exchange." } } }, "auth_ref": [] }, "ecd_TrdArrAdoptionDate": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "TrdArrAdoptionDate", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Adoption Date", "label": "Trading Arrangement Adoption Date" } } }, "auth_ref": [ "r974" ] }, "ecd_TrdArrDuration": { "xbrltype": "durationItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "TrdArrDuration", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Arrangement Duration", "label": "Trading Arrangement Duration" } } }, "auth_ref": [ "r975" ] }, "ecd_TrdArrExpirationDate": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "TrdArrExpirationDate", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Expiration Date", "label": "Trading Arrangement Expiration Date" } } }, "auth_ref": [ "r975" ] }, "ecd_TrdArrIndName": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "TrdArrIndName", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Name", "label": "Trading Arrangement, Individual Name" } } }, "auth_ref": [ "r973" ] }, "ecd_TrdArrIndTitle": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "TrdArrIndTitle", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Title", "label": "Trading Arrangement, Individual Title" } } }, "auth_ref": [ "r973" ] }, "ecd_TrdArrSecuritiesAggAvailAmt": { "xbrltype": "sharesItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "TrdArrSecuritiesAggAvailAmt", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Aggregate Available", "label": "Trading Arrangement, Securities Aggregate Available Amount" } } }, "auth_ref": [ "r976" ] }, "ecd_TrdArrTerminationDate": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "TrdArrTerminationDate", "presentation": [ "http://xbrl.sec.gov/ecd/role/InsiderTradingArrangements" ], "lang": { "en-us": { "role": { "terseLabel": "Termination Date", "label": "Trading Arrangement Termination Date" } } }, "auth_ref": [ "r974" ] }, "us-gaap_TreasuryStockAcquiredAverageCostPerShare": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "TreasuryStockAcquiredAverageCostPerShare", "presentation": [ "http://www.pebblebrookhotels.com/role/EquityNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Treasury stock acquired, average cost per share (in usd per share)", "label": "Shares Acquired, Average Cost Per Share", "documentation": "Total cost of shares repurchased divided by the total number of shares repurchased." } } }, "auth_ref": [ "r41" ] }, "us-gaap_UnamortizedDebtIssuanceExpense": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "UnamortizedDebtIssuanceExpense", "crdr": "debit", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Unamortized issuance costs", "label": "Unamortized Debt Issuance Expense", "documentation": "The remaining balance of debt issuance expenses that were capitalized and are being amortized against income over the lives of the respective bond issues. This does not include the amounts capitalized as part of the cost of the utility plant or asset." } } }, "auth_ref": [] }, "ecd_UndrlygSecurityMktPriceChngPct": { "xbrltype": "pureItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "UndrlygSecurityMktPriceChngPct", "presentation": [ "http://xbrl.sec.gov/ecd/role/AwardTimingDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Underlying Security Market Price Change", "label": "Underlying Security Market Price Change, Percent" } } }, "auth_ref": [ "r970" ] }, "us-gaap_UnsecuredDebtMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "UnsecuredDebtMember", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofDebtDetails", "http://www.pebblebrookhotels.com/role/DebtScheduleofComponentsofInterestExpenseDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Unsecured term loans", "label": "Unsecured Debt [Member]", "documentation": "Debt obligation not collateralized by pledge of, mortgage of or other lien on the entity's assets." } } }, "auth_ref": [] }, "us-gaap_UseOfEstimates": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "UseOfEstimates", "presentation": [ "http://www.pebblebrookhotels.com/role/SummaryofSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "verboseLabel": "Use of Estimates", "label": "Use of Estimates, Policy [Policy Text Block]", "documentation": "Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles." } } }, "auth_ref": [ "r131", "r132", "r269", "r271", "r272", "r273", "r624", "r626", "r821" ] }, "us-gaap_VariableLeaseCost": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "VariableLeaseCost", "crdr": "debit", "calculation": { "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesScheduleofComponentsofGroundLeasesDetails": { "parentTag": "us-gaap_LeaseCost", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://www.pebblebrookhotels.com/role/CommitmentsandContingenciesScheduleofComponentsofGroundLeasesDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Variable ground rent", "label": "Variable Lease, Cost", "documentation": "Amount of variable lease cost, excluded from lease liability, recognized when obligation for payment is incurred for finance and operating leases." } } }, "auth_ref": [ "r577", "r862" ] }, "us-gaap_VariableRateAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "VariableRateAxis", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Variable Rate [Axis]", "label": "Variable Rate [Axis]", "documentation": "Information by type of variable rate." } } }, "auth_ref": [ "r1010", "r1105", "r1162" ] }, "us-gaap_VariableRateDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "VariableRateDomain", "presentation": [ "http://www.pebblebrookhotels.com/role/DebtNarrativeDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Variable Rate [Domain]", "label": "Variable Rate [Domain]", "documentation": "Interest rate that fluctuates over time as a result of an underlying benchmark interest rate or index." } } }, "auth_ref": [ "r1010", "r1105", "r1162" ] }, "ecd_VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year", "label": "Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year [Member]" } } }, "auth_ref": [ "r940" ] }, "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "WeightedAverageNumberOfDilutedSharesOutstanding", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome", "http://www.pebblebrookhotels.com/role/EarningsLossPerShareScheduleofReconciliationofBasicandDilutedEPSDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Weighted-average number of common shares, diluted (in shares)", "terseLabel": "Weighted-average number of common shares \u2014 diluted (in shares)", "label": "Weighted Average Number of Shares Outstanding, Diluted", "documentation": "The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period." } } }, "auth_ref": [ "r253", "r260" ] }, "us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "WeightedAverageNumberOfSharesOutstandingAbstract", "presentation": [ "http://www.pebblebrookhotels.com/role/EarningsLossPerShareScheduleofReconciliationofBasicandDilutedEPSDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Denominator:", "label": "Weighted Average Number of Shares Outstanding, Diluted [Abstract]" } } }, "auth_ref": [] }, "us-gaap_WeightedAverageNumberOfSharesOutstandingBasic": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "WeightedAverageNumberOfSharesOutstandingBasic", "presentation": [ "http://www.pebblebrookhotels.com/role/ConsolidatedStatementsofOperationsandComprehensiveIncome", "http://www.pebblebrookhotels.com/role/EarningsLossPerShareScheduleofReconciliationofBasicandDilutedEPSDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Weighted-average number of common shares, basic (in shares)", "terseLabel": "Weighted-average number of common shares \u2014 basic (in shares)", "label": "Weighted Average Number of Shares Outstanding, Basic", "documentation": "Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period." } } }, "auth_ref": [ "r251", "r260" ] }, "peb_WriteDownOfInvestment": { "xbrltype": "monetaryItemType", "nsuri": "http://www.pebblebrookhotels.com/20260331", "localname": "WriteDownOfInvestment", "crdr": "debit", "presentation": [ "http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlowsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Write-down of investment", "label": "Write-down Of Investment", "documentation": "Write-down Of Investment" } } }, "auth_ref": [] }, "us-gaap_WriteOffOfDeferredDebtIssuanceCost": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2025", "localname": "WriteOffOfDeferredDebtIssuanceCost", "crdr": "debit", "presentation": [ "http://www.pebblebrookhotels.com/role/SupplementalInformationtoStatementsofCashFlowsDetails" ], "lang": { "en-us": { "role": { "terseLabel": "Write-off of fully amortized deferred financing costs", "label": "Deferred Debt Issuance Cost, Writeoff", "documentation": "Write-off of amounts previously capitalized as debt issuance cost in an extinguishment of debt." } } }, "auth_ref": [ "r85" ] }, "ecd_YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/ecd/2025", "localname": "YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember", "presentation": [ "http://xbrl.sec.gov/ecd/role/PvpDisclosure" ], "lang": { "en-us": { "role": { "terseLabel": "Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested", "label": "Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member]" } } }, "auth_ref": [ "r938" ] } } } }, "std_ref": { "r0": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "SubTopic": "230", "Topic": "830", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477401/830-230-45-1" }, "r1": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "10A", "SubTopic": "10", "Topic": "220", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-10A" }, "r2": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "2", "SubTopic": "405", "Topic": "942", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477787/942-405-45-2" }, "r3": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "20", "SubTopic": "10", "Topic": "810", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481231/810-10-45-20" }, "r4": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "21B", "SubTopic": "10", "Topic": "230", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-21B" }, "r5": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "28", "Subparagraph": "(a)", "SubTopic": "10", "Topic": "230", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-28" }, "r6": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "28", "Subparagraph": "(b)", "SubTopic": "10", "Topic": "230", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-28" }, "r7": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "SubTopic": "10", "Topic": "470", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481544/470-10-50-1" }, "r8": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "SubTopic": "10", "Topic": "850", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483326/850-10-50-1" }, "r9": { "role": "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" }, "r10": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1A", "Subparagraph": "(c)(3)", "SubTopic": "10", "Topic": "810", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-1A" }, "r11": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "SubTopic": "10", "Topic": "505", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-2" }, "r12": { "role": "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" }, "r13": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4D", "Subparagraph": "(c)(2)", "SubTopic": "20", "Topic": "860", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-4D" }, "r14": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(22))", "SubTopic": "10", "Topic": "210", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r15": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(27))", "SubTopic": "10", "Topic": "210", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r16": { "role": "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" }, "r17": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "220", "SubTopic": "10", "Section": "45", "Paragraph": "14", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-14" }, "r18": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "220", "SubTopic": "10", "Section": "45", "Paragraph": "14A", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-14A" }, "r19": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "220", "SubTopic": "10", "Section": "45", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-5" }, "r20": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "45", "Paragraph": "12", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-12" }, "r21": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "45", "Paragraph": "14", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-14" }, "r22": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "45", "Paragraph": "15", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-15" }, "r23": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "45", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-4" }, "r24": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482913/230-10-50-2" }, "r25": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482913/230-10-50-3" }, "r26": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482913/230-10-50-4" }, "r27": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "50", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482913/230-10-50-5" }, "r28": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "280", "SubTopic": "10", "Section": "50", "Paragraph": "22", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22" }, "r29": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "280", "SubTopic": "10", "Section": "50", "Paragraph": "25", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-25" }, "r30": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "280", "SubTopic": "10", "Section": "50", "Paragraph": "30", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-30" }, "r31": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "280", "SubTopic": "10", "Section": "50", "Paragraph": "40", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-40" }, "r32": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "470", "SubTopic": "10", "Section": "50", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481544/470-10-50-5" }, "r33": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "505", "SubTopic": "10", "Section": "45", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481142/505-10-45-2" }, "r34": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "505", "SubTopic": "10", "Section": "50", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-10" }, "r35": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "505", "SubTopic": "10", "Section": "50", "Paragraph": "11", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-11" }, "r36": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "505", "SubTopic": "10", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-3" }, "r37": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "505", "SubTopic": "10", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-4" }, "r38": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "505", "SubTopic": "10", "Section": "50", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-5" }, "r39": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "505", "SubTopic": "10", "Section": "50", "Paragraph": "5", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-5" }, "r40": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "505", "SubTopic": "10", "Section": "50", "Paragraph": "8", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-8" }, "r41": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "505", "SubTopic": "30", "Section": "45", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481549/505-30-45-1" }, "r42": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "718", "SubTopic": "10", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r43": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "718", "SubTopic": "10", "Section": "50", "Paragraph": "2", "Subparagraph": "(d)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r44": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "810", "SubTopic": "10", "Section": "45", "Paragraph": "15", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481231/810-10-45-15" }, "r45": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "810", "SubTopic": "10", "Section": "45", "Paragraph": "16", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481231/810-10-45-16" }, "r46": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "810", "SubTopic": "10", "Section": "45", "Paragraph": "21", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481231/810-10-45-21" }, "r47": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "810", "SubTopic": "10", "Section": "50", "Paragraph": "1A", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-1A" }, "r48": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "810", "SubTopic": "10", "Section": "55", "Paragraph": "4I", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481175/810-10-55-4I" }, "r49": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "810", "SubTopic": "10", "Section": "55", "Paragraph": "4J", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481175/810-10-55-4J" }, "r50": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "810", "SubTopic": "10", "Section": "55", "Paragraph": "4K", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481175/810-10-55-4K" }, "r51": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "942", "SubTopic": "470", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477734/942-470-50-3" }, "r52": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "205", "SubTopic": "20", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/205-20/tableOfContent" }, "r53": { "role": "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" }, "r54": { "role": "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" }, "r55": { "role": "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" }, "r56": { "role": "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" }, "r57": { "role": "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" }, "r58": { "role": "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" }, "r59": { "role": "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" }, "r60": { "role": "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" }, "r61": { "role": "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" }, "r62": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(19)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r63": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(19))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r64": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(20))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r65": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(21))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r66": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(22)(a)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r67": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(22)(a)(5))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r68": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(22)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r69": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(23))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r70": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(24))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r71": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(25))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r72": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(26))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r73": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(28))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r74": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(29))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r75": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(30)(a)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r76": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(30)(a)(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r77": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(30))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r78": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(31))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r79": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(32))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r80": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "11", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-11" }, "r81": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03(10))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2" }, "r82": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03(19))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2" }, "r83": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03(20))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2" }, "r84": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03(4))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2" }, "r85": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03(8))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2" }, "r86": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03(9))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2" }, "r87": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2" }, "r88": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "220", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483605/220-30-50-1" }, "r89": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "230", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/230/tableOfContent" }, "r90": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "13", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-13" }, "r91": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "15", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-15" }, "r92": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "15", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-15" }, "r93": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "24", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-24" }, "r94": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "25", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-25" }, "r95": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "28", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-28" }, "r96": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "41", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-41" }, "r97": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "310", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SAB Topic 4.E)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480418/310-10-S99-2" }, "r98": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "360", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/360/tableOfContent" }, "r99": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "360", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482099/360-10-50-1" }, "r100": { "role": "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" }, "r101": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "360", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3A", "Subparagraph": "(a)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482099/360-10-50-3A" }, "r102": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "440", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/440/tableOfContent" }, "r103": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "470", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/470/tableOfContent" }, "r104": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "25", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481284/470-20-25-10" }, "r105": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-5" }, "r106": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "505", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/505/tableOfContent" }, "r107": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-6" }, "r108": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-6" }, "r109": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-7" }, "r110": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.3-04)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480008/505-10-S99-1" }, "r111": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "810", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/810/tableOfContent" }, "r112": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "19", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481231/810-10-45-19" }, "r113": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1A", "Subparagraph": "(a)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-1A" }, "r114": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(1)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1" }, "r115": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(11))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1" }, "r116": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(13))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1" }, "r117": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(15)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1" }, "r118": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(15)(5))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1" }, "r119": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(16))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1" }, "r120": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(17))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1" }, "r121": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(22))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1" }, "r122": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(23))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478546/942-210-S99-1" }, "r123": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-04(15))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478524/942-220-S99-1" }, "r124": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-04(22))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478524/942-220-S99-1" }, "r125": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "470", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477734/942-470-50-3" }, "r126": { "role": "http://fasb.org/us-gaap/role/ref/otherTransitionRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "32", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-32" }, "r127": { "role": "http://fasb.org/us-gaap/role/ref/otherTransitionRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "32", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-32" }, "r128": { "role": "http://fasb.org/us-gaap/role/ref/otherTransitionRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "32", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-32" }, "r129": { "role": "http://fasb.org/us-gaap/role/ref/otherTransitionRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "32", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-32" }, "r130": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "2", "Subparagraph": "(a)", "SubTopic": "20", "Topic": "740", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482659/740-20-45-2" }, "r131": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)", "SubTopic": "10", "Topic": "275", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482861/275-10-50-1" }, "r132": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)", "SubTopic": "10", "Topic": "275", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482861/275-10-50-1" }, "r133": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)", "SubTopic": "360", "Topic": "958", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477798/958-360-50-1" }, "r134": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(b)(1)", "SubTopic": "10", "Topic": "606", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-13" }, "r135": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "SubTopic": "360", "Topic": "958", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477798/958-360-50-6" }, "r136": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "SubTopic": "360", "Topic": "958", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477798/958-360-50-7" }, "r137": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "9", "Subparagraph": "(b)", "SubTopic": "10", "Topic": "740", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482685/740-10-50-9" }, "r138": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(h))", "SubTopic": "10", "Topic": "235", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r139": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Accounting Standards Codification", "Topic": "606", "Publisher": "FASB", "URI": "https://asc.fasb.org/606/tableOfContent" }, "r140": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-K (SK)", "Number": "229", "Section": "1402", "Paragraph": "a", "Publisher": "SEC" }, "r141": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "04", "Paragraph": "a", "Publisher": "SEC" }, "r142": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "12", "Paragraph": "Column A", "Footnote": "2", "Publisher": "SEC" }, "r143": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "12", "Paragraph": "Column C", "Footnote": "5", "Publisher": "SEC" }, "r144": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "12A", "Paragraph": "Column A", "Footnote": "2", "Publisher": "SEC" }, "r145": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "12A", "Paragraph": "Column C", "Footnote": "4", "Publisher": "SEC" }, "r146": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "12B", "Paragraph": "Column A", "Subparagraph": "(a)", "Footnote": "4", "Publisher": "SEC" }, "r147": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "12B", "Paragraph": "Column A", "Subparagraph": "(b)", "Footnote": "4", "Publisher": "SEC" }, "r148": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "12B", "Paragraph": "Column C", "Footnote": "2", "Publisher": "SEC" }, "r149": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "14", "Paragraph": "Column A", "Footnote": "2", "Publisher": "SEC" }, "r150": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "14", "Paragraph": "Column F", "Footnote": "7", "Publisher": "SEC" }, "r151": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "17", "Paragraph": "Column A", "Publisher": "SEC" }, "r152": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "17", "Paragraph": "Column B", "Publisher": "SEC" }, "r153": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "17", "Paragraph": "Column C", "Publisher": "SEC" }, "r154": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "17", "Paragraph": "Column D", "Publisher": "SEC" }, "r155": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "17", "Paragraph": "Column E", "Publisher": "SEC" }, "r156": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "17", "Paragraph": "Column F", "Publisher": "SEC" }, "r157": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "28", "Paragraph": "Column A", "Footnote": "2", "Publisher": "SEC" }, "r158": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "28", "Paragraph": "Column B", "Publisher": "SEC" }, "r159": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "28", "Paragraph": "Column C", "Publisher": "SEC" }, "r160": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "28", "Paragraph": "Column D", "Publisher": "SEC" }, "r161": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "28", "Paragraph": "Column E", "Footnote": "5", "Publisher": "SEC" }, "r162": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "28", "Paragraph": "Column E", "Publisher": "SEC" }, "r163": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "28", "Paragraph": "Column F", "Publisher": "SEC" }, "r164": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "28", "Paragraph": "Column G", "Publisher": "SEC" }, "r165": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "28", "Paragraph": "Column H", "Publisher": "SEC" }, "r166": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "28", "Paragraph": "Column I", "Publisher": "SEC" }, "r167": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "29", "Paragraph": "Column A", "Footnote": "3", "Publisher": "SEC" }, "r168": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "29", "Paragraph": "Column A", "Footnote": "4", "Publisher": "SEC" }, "r169": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "29", "Paragraph": "Column B", "Publisher": "SEC" }, "r170": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "29", "Paragraph": "Column C", "Publisher": "SEC" }, "r171": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "13", "Subsection": "01", "Paragraph": "a", "Subparagraph": "(4)(i)", "Publisher": "SEC" }, "r172": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "13", "Subsection": "01", "Paragraph": "a", "Subparagraph": "(4)(iii)(A)", "Publisher": "SEC" }, "r173": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "13", "Subsection": "01", "Paragraph": "a", "Subparagraph": "(4)(iii)(B)", "Publisher": "SEC" }, "r174": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "13", "Subsection": "01", "Paragraph": "a", "Subparagraph": "(4)(iv)", "Publisher": "SEC" }, "r175": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "13", "Subsection": "02", "Paragraph": "a", "Subparagraph": "(4)(i)", "Publisher": "SEC" }, "r176": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "13", "Subsection": "02", "Paragraph": "a", "Subparagraph": "(4)(iii)(A)", "Publisher": "SEC" }, "r177": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "13", "Subsection": "02", "Paragraph": "a", "Subparagraph": "(4)(iii)(B)", "Publisher": "SEC" }, "r178": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "13", "Subsection": "02", "Paragraph": "a", "Subparagraph": "(4)(iii)(C)", "Publisher": "SEC" }, "r179": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "13", "Subsection": "02", "Paragraph": "a", "Subparagraph": "(4)(iv)", "Publisher": "SEC" }, "r180": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Staff Accounting Bulletin (SAB)", "Number": "Topic 11", "Section": "L", "Publisher": "SEC" }, "r181": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Staff Accounting Bulletin (SAB)", "Number": "Topic 5", "Section": "Y", "Paragraph": "Question 2", "Publisher": "SEC" }, "r182": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Staff Accounting Bulletin (SAB)", "Number": "Topic 5", "Section": "Y", "Paragraph": "Question 4", "Publisher": "SEC" }, "r183": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "105", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "6", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479343/105-10-65-6" }, "r184": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "105", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "6", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479343/105-10-65-6" }, "r185": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "105", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "9", "Subparagraph": "(d)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479343/105-10-65-9" }, "r186": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "105", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "9", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479343/105-10-65-9" }, "r187": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "205", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/205/tableOfContent" }, "r188": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "205", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S45", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481034/205-10-S45-5" }, "r189": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "205", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480922/205-10-S99-3" }, "r190": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "205", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483499/205-20-50-1" }, "r191": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "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" }, "r192": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r193": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(18))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r194": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(27)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r195": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(28))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r196": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(29))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r197": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(30)(a)(4))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r198": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(4))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r199": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483466/210-20-50-3" }, "r200": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "10A", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-10A" }, "r201": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "11", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-11" }, "r202": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "15", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-15" }, "r203": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1A", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-1A" }, "r204": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1A", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-1A" }, "r205": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1B", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-1B" }, "r206": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1B", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482790/220-10-45-1B" }, "r207": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482765/220-10-50-4" }, "r208": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482765/220-10-50-5" }, "r209": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482765/220-10-50-6" }, "r210": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03(22))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2" }, "r211": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03(23))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2" }, "r212": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03(24))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2" }, "r213": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03(25))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2" }, "r214": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "5", "Subparagraph": "(SAB Topic 6.B)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-5" }, "r215": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "21", "Subparagraph": "(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-21" }, "r216": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "17", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-17" }, "r217": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-2" }, "r218": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "24", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-24" }, "r219": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "25", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-25" }, "r220": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482913/230-10-50-2" }, "r221": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2A", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482913/230-10-50-2A" }, "r222": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482913/230-10-50-8" }, "r223": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/235/tableOfContent" }, "r224": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483426/235-10-50-1" }, "r225": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480738/235-10-S50-1" }, "r226": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480738/235-10-S50-4" }, "r227": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(c))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r228": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(d))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r229": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(g)(1)(i))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r230": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(g)(1)(ii))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r231": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(h)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r232": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(k)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r233": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.12-04(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-3" }, "r234": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "23", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483421/250-10-45-23" }, "r235": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "24", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483421/250-10-45-24" }, "r236": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "5", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483421/250-10-45-5" }, "r237": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-1" }, "r238": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-1" }, "r239": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-1" }, "r240": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-1" }, "r241": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "11", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-11" }, "r242": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "11", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-11" }, "r243": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-3" }, "r244": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-4" }, "r245": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-6" }, "r246": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-7" }, "r247": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-7" }, "r248": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-8" }, "r249": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "9", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-9" }, "r250": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/260/tableOfContent" }, "r251": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-10" }, "r252": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "11", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-11" }, "r253": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "16", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-16" }, "r254": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-2" }, "r255": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-3" }, "r256": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "60B", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-60B" }, "r257": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "60B", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-60B" }, "r258": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "60B", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-60B" }, "r259": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "7", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-7" }, "r260": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482662/260-10-50-1" }, "r261": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482662/260-10-50-1" }, "r262": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482662/260-10-50-2" }, "r263": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482662/260-10-50-3" }, "r264": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "15", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482635/260-10-55-15" }, "r265": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "270", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482964/270-10-50-1" }, "r266": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "272", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483014/272-10-45-1" }, "r267": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "272", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482987/272-10-50-1" }, "r268": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "272", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482987/272-10-50-3" }, "r269": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "275", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "12", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482861/275-10-50-12" }, "r270": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "275", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "20", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482861/275-10-50-20" }, "r271": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "275", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482861/275-10-50-4" }, "r272": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "275", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482861/275-10-50-6" }, "r273": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "275", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "9", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482861/275-10-50-9" }, "r274": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/280/tableOfContent" }, "r275": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "15", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-15" }, "r276": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "21", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-21" }, "r277": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "21", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-21" }, "r278": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22" }, "r279": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22" }, "r280": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22" }, "r281": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22" }, "r282": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22" }, "r283": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22" }, "r284": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22" }, "r285": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(g)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22" }, "r286": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(h)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22" }, "r287": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(j)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22" }, "r288": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "25", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-25" }, "r289": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "25", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-25" }, "r290": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "26", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-26" }, "r291": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "26A", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-26A" }, "r292": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "26B", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-26B" }, "r293": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "26C", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-26C" }, "r294": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "30", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-30" }, "r295": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "30", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-30" }, "r296": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "30", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-30" }, "r297": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "30", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-30" }, "r298": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "31", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-31" }, "r299": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "32", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-32" }, "r300": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "32", "Subparagraph": "(ee)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-32" }, "r301": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "32", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-32" }, "r302": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "34", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-34" }, "r303": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "40", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-40" }, "r304": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "41", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-41" }, "r305": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "41", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-41" }, "r306": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "41", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-41" }, "r307": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "42", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-42" }, "r308": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "310", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "13", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481990/310-10-45-13" }, "r309": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "310", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481962/310-10-50-4" }, "r310": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "323", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481687/323-10-50-3" }, "r311": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "4", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479654/326-10-65-4" }, "r312": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "5", "Subparagraph": "(c)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479654/326-10-65-5" }, "r313": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479344/326-20-45-1" }, "r314": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479319/326-20-50-13" }, "r315": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479319/326-20-50-13" }, "r316": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "350", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1" }, "r317": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "350", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1" }, "r318": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "350", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1" }, "r319": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "350", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1" }, "r320": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "350", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1" }, "r321": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "350", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1" }, "r322": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "350", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1" }, "r323": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "350", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(g)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1" }, "r324": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "350", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(h)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-1" }, "r325": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "350", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482573/350-20-50-4" }, "r326": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "350", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-1" }, "r327": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "350", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-1" }, "r328": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "350", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-1" }, "r329": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "350", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-1" }, "r330": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "350", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-1" }, "r331": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "350", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482665/350-30-50-3" }, "r332": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "350", "SubTopic": "60", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "1", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476166/350-60-65-1" }, "r333": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "360", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482099/360-10-50-3" }, "r334": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "360", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3A", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482099/360-10-50-3A" }, "r335": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "360", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3A", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482099/360-10-50-3A" }, "r336": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "405", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1" }, "r337": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "405", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1" }, "r338": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "405", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1" }, "r339": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "405", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1" }, "r340": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "405", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1" }, "r341": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "420", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482017/420-10-50-1" }, "r342": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "420", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SAB Topic 5.P.4.d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479823/420-10-S99-2" }, "r343": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "440", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482648/440-10-50-4" }, "r344": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "440", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482648/440-10-50-4" }, "r345": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "450", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483076/450-20-50-4" }, "r346": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "450", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "9", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483076/450-20-50-9" }, "r347": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "450", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB Topic 5.Y.Q2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480102/450-20-S99-1" }, "r348": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "450", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB Topic 5.Y.Q4)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480102/450-20-S99-1" }, "r349": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481544/470-10-50-6" }, "r350": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481544/470-10-50-6" }, "r351": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1A", "Subparagraph": "(SX 210.13-01(a)(4)(i))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A" }, "r352": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1A", "Subparagraph": "(SX 210.13-01(a)(4)(iii)(A))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A" }, "r353": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1A", "Subparagraph": "(SX 210.13-01(a)(4)(iii)(B))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A" }, "r354": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1A", "Subparagraph": "(SX 210.13-01(a)(4)(iv))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A" }, "r355": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1A", "Subparagraph": "(SX 210.13-01(a)(5))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A" }, "r356": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1B", "Subparagraph": "(SX 210.13-02(a)(4)(i))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1B" }, "r357": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1B", "Subparagraph": "(SX 210.13-02(a)(4)(iii)(A))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1B" }, "r358": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1B", "Subparagraph": "(SX 210.13-02(a)(4)(iii)(B))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1B" }, "r359": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1B", "Subparagraph": "(SX 210.13-02(a)(4)(iii)(C))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1B" }, "r360": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1B", "Subparagraph": "(SX 210.13-02(a)(4)(iv))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1B" }, "r361": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1B", "Subparagraph": "(SX 210.13-02(a)(5))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1B" }, "r362": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B" }, "r363": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B" }, "r364": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B" }, "r365": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B" }, "r366": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B" }, "r367": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B" }, "r368": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(g)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B" }, "r369": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(h)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B" }, "r370": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B" }, "r371": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1C", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1C" }, "r372": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1C", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1C" }, "r373": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1C", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1C" }, "r374": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1D", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1D" }, "r375": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1D", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1D" }, "r376": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1D", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1D" }, "r377": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1E", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1E" }, "r378": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1E", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1E" }, "r379": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1E", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1E" }, "r380": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1E", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1E" }, "r381": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1F", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1F" }, "r382": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1F", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1F" }, "r383": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1F", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1F" }, "r384": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1F", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1F" }, "r385": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1I", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1I" }, "r386": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1I", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1I" }, "r387": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1I", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1I" }, "r388": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1I", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1I" }, "r389": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-4" }, "r390": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(b)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-4" }, "r391": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-6" }, "r392": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "4", "Subparagraph": "(f)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481538/470-20-65-4" }, "r393": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "4", "Subparagraph": "(f)(4)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481538/470-20-65-4" }, "r394": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S45", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479887/480-10-S45-1" }, "r395": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S45", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479887/480-10-S45-2" }, "r396": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S45", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479887/480-10-S45-3" }, "r397": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479857/480-10-S50-1" }, "r398": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479857/480-10-S50-2" }, "r399": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479857/480-10-S50-3" }, "r400": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(01)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480244/480-10-S99-1" }, "r401": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(01)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480244/480-10-S99-1" }, "r402": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(01)(iii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480244/480-10-S99-1" }, "r403": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(04)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480244/480-10-S99-1" }, "r404": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3A", "Subparagraph": "(24)(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480244/480-10-S99-3A" }, "r405": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-13" }, "r406": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-13" }, "r407": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-13" }, "r408": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-13" }, "r409": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(g)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-13" }, "r410": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(h)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-13" }, "r411": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-13" }, "r412": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "14", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-14" }, "r413": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "14", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-14" }, "r414": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "14", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-14" }, "r415": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "16", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-16" }, "r416": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "18", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-18" }, "r417": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "18", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-18" }, "r418": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "18", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-18" }, "r419": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "18", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-18" }, "r420": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-2" }, "r421": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-4" }, "r422": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.3-04)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480008/505-10-S99-1" }, "r423": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "606", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479837/606-10-45-1" }, "r424": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "606", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479837/606-10-45-2" }, "r425": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "606", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-10" }, "r426": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "606", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "11", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-11" }, "r427": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "606", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "12", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-12" }, "r428": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "606", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "12", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-12" }, "r429": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "606", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "12", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-12" }, "r430": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "606", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "12", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-12" }, "r431": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "606", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "12", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-12" }, "r432": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "606", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-13" }, "r433": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "606", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "15", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-15" }, "r434": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "606", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-4" }, "r435": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "606", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-5" }, "r436": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "606", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-7" }, "r437": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "606", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-8" }, "r438": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "606", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "9", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-9" }, "r439": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1" }, "r440": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "715", "SubTopic": "80", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480576/715-80-50-5" }, "r441": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/718/tableOfContent" }, "r442": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "35", "Paragraph": "1D", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480483/718-10-35-1D" }, "r443": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "35", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480483/718-10-35-3" }, "r444": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r445": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r446": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r447": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r448": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r449": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r450": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(iii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r451": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(iv)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r452": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(iv)(01)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r453": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(iv)(02)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r454": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(iv)(03)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r455": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(iv)(04)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r456": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r457": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r458": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)(iii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r459": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)(iii)(01)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r460": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)(iii)(02)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r461": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)(iii)(03)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r462": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(d)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r463": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(d)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r464": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(e)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r465": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(e)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r466": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r467": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r468": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r469": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)(iii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r470": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)(iv)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r471": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)(v)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r472": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(h)(1)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r473": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(h)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r474": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(h)(2)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r475": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(l)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r476": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "17", "Subparagraph": "(d)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480336/718-10-65-17" }, "r477": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S45", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479983/718-10-S45-1" }, "r478": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB Topic 14.F)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479830/718-10-S99-1" }, "r479": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "720", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483359/720-20-50-1" }, "r480": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/740/tableOfContent" }, "r481": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482685/740-10-50-10" }, "r482": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "12", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482685/740-10-50-12" }, "r483": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "12B", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482685/740-10-50-12B" }, "r484": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "12C", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482685/740-10-50-12C" }, "r485": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "14", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482685/740-10-50-14" }, "r486": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "17", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482685/740-10-50-17" }, "r487": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "21", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482685/740-10-50-21" }, "r488": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482685/740-10-50-22" }, "r489": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "23", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482685/740-10-50-23" }, "r490": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "8", "Subparagraph": "(d)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482615/740-10-65-8" }, "r491": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "8", "Subparagraph": "(d)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482615/740-10-65-8" }, "r492": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB Topic 6.I.5.Q1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479360/740-10-S99-1" }, "r493": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB Topic 6.I.7)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479360/740-10-S99-1" }, "r494": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SAB Topic 11.C)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479360/740-10-S99-2" }, "r495": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "270", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477891/740-270-50-1" }, "r496": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482603/740-30-50-2" }, "r497": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "323", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(d)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478666/740-323-65-2" }, "r498": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "323", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(d)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478666/740-323-65-2" }, "r499": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "323", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478666/740-323-65-2" }, "r500": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "323", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(g)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478666/740-323-65-2" }, "r501": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "323", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(g)(4)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478666/740-323-65-2" }, "r502": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "805", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479581/805-30-50-1" }, "r503": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "805", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479581/805-30-50-2" }, "r504": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "805", "SubTopic": "60", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "1", "Subparagraph": "(d)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476176/805-60-65-1" }, "r505": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "805", "SubTopic": "60", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "1", "Subparagraph": "(g)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476176/805-60-65-1" }, "r506": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "19", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481231/810-10-45-19" }, "r507": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "25", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481231/810-10-45-25" }, "r508": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "25", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481231/810-10-45-25" }, "r509": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1A", "Subparagraph": "(a)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-1A" }, "r510": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1A", "Subparagraph": "(c)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-1A" }, "r511": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(bb)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-3" }, "r512": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481203/810-10-50-3" }, "r513": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4A", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4A" }, "r514": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4A", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4A" }, "r515": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4A", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4A" }, "r516": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4B", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4B" }, "r517": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4B", "Subparagraph": "(c)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4B" }, "r518": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4B", "Subparagraph": "(c)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4B" }, "r519": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4B", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4B" }, "r520": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4C", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4C" }, "r521": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4C", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4C" }, "r522": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4C", "Subparagraph": "(bb)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4C" }, "r523": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4C", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4C" }, "r524": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4C", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4C" }, "r525": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4C", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4C" }, "r526": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4C", "Subparagraph": "(g)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4C" }, "r527": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4CC", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4CC" }, "r528": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4CCC", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4CCC" }, "r529": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4CCC", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4CCC" }, "r530": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4CCC", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4CCC" }, "r531": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4D", "Subparagraph": "(a)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4D" }, "r532": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4D", "Subparagraph": "(a)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4D" }, "r533": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4D", "Subparagraph": "(a)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4D" }, "r534": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4D", "Subparagraph": "(a)(4)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4D" }, "r535": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4D", "Subparagraph": "(a)(5)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4D" }, "r536": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4D", "Subparagraph": "(a)(6)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4D" }, "r537": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4EE", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4EE" }, "r538": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4EE", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4EE" }, "r539": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4EE", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4EE" }, "r540": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4EE", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4EE" }, "r541": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4EEE", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4EEE" }, "r542": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4EEE", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4EEE" }, "r543": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4EEE", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4EEE" }, "r544": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7A", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-7A" }, "r545": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8A", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-8A" }, "r546": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "6", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480528/815-20-65-6" }, "r547": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "6", "Subparagraph": "(h)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480528/815-20-65-6" }, "r548": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "6", "Subparagraph": "(h)(1)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480528/815-20-65-6" }, "r549": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "6", "Subparagraph": "(h)(1)(iii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480528/815-20-65-6" }, "r550": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "6", "Subparagraph": "(h)(1)(iv)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480528/815-20-65-6" }, "r551": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "6", "Subparagraph": "(i)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480528/815-20-65-6" }, "r552": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480870/815-30-50-2" }, "r553": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480870/815-30-50-2" }, "r554": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480870/815-30-50-2" }, "r555": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480870/815-30-50-2" }, "r556": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480237/815-40-50-6" }, "r557": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "1", "Subparagraph": "(e)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480175/815-40-65-1" }, "r558": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "1", "Subparagraph": "(e)(4)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480175/815-40-65-1" }, "r559": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "1", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480175/815-40-65-1" }, "r560": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(bbb)(2)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r561": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "28", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-28" }, "r562": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "830", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "17", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481694/830-30-45-17" }, "r563": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "830", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "20", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481694/830-30-45-20" }, "r564": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "830", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "20", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481694/830-30-45-20" }, "r565": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "830", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "20", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481694/830-30-45-20" }, "r566": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "830", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "20", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481694/830-30-45-20" }, "r567": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "830", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481674/830-30-50-1" }, "r568": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "835", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482925/835-30-45-2" }, "r569": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "835", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482900/835-30-50-1" }, "r570": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "842", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "8", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479832/842-10-65-8" }, "r571": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "842", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "8", "Subparagraph": "(c)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479832/842-10-65-8" }, "r572": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "842", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "35", "Paragraph": "12A", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479165/842-20-35-12A" }, "r573": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "842", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479041/842-20-45-1" }, "r574": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "842", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479041/842-20-45-1" }, "r575": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "842", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479041/842-20-45-2" }, "r576": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "842", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478964/842-20-50-4" }, "r577": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "842", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478964/842-20-50-4" }, "r578": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "842", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(g)(4)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478964/842-20-50-4" }, "r579": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "842", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478964/842-20-50-6" }, "r580": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "848", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(a)(3)(iii)(03)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483550/848-10-65-2" }, "r581": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3" }, "r582": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481420/860-30-50-7" }, "r583": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "910", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482546/910-10-50-6" }, "r584": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "912", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "11", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478345/912-310-45-11" }, "r585": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "924", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB Topic 11.L)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479941/924-10-S99-1" }, "r586": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478934/932-220-50-1" }, "r587": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "18", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-18" }, "r588": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "18", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-18" }, "r589": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "18", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-18" }, "r590": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "19", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-19" }, "r591": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "20", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-20" }, "r592": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "20", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-20" }, "r593": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "23", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-23" }, "r594": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "23", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-23" }, "r595": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "23", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-23" }, "r596": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "23", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-23" }, "r597": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "23", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-23" }, "r598": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "23", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-23" }, "r599": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "28", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-28" }, "r600": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "28", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-28" }, "r601": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "31", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-31" }, "r602": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "31", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-31" }, "r603": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "31", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-31" }, "r604": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "31", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-31" }, "r605": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "31", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-31" }, "r606": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "31", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-31" }, "r607": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-5" }, "r608": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-5" }, "r609": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-5" }, "r610": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-5" }, "r611": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-5" }, "r612": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-5" }, "r613": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-6" }, "r614": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-7" }, "r615": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-8" }, "r616": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8", "Subparagraph": "(c)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-8" }, "r617": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8", "Subparagraph": "(c)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-8" }, "r618": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "280", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478657/932-280-50-1" }, "r619": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "323", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478988/932-323-50-1" }, "r620": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-04(24))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478524/942-220-S99-1" }, "r621": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-04(25))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478524/942-220-S99-1" }, "r622": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-04(26))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478524/942-220-S99-1" }, "r623": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-04(27))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478524/942-220-S99-1" }, "r624": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478671/942-235-S50-1" }, "r625": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-05(b)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477314/942-235-S99-1" }, "r626": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-05(b)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477314/942-235-S99-1" }, "r627": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-05(b)(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477314/942-235-S99-1" }, "r628": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477314/942-235-S99-2" }, "r629": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "740", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477617/942-740-50-1" }, "r630": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(1)(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r631": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(1)(6))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r632": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(1)(d))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r633": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(12))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r634": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(19))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r635": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r636": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(21))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r637": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(22))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r638": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(23)(a)(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r639": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(23)(a)(4))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r640": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(24))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r641": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(25))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r642": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-04(11))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1" }, "r643": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-04(16))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1" }, "r644": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-04(17))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1" }, "r645": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-04(18))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1" }, "r646": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-04(19))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1" }, "r647": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-04(20))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1" }, "r648": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-04(21))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1" }, "r649": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-04(22))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1" }, "r650": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-04(23))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1" }, "r651": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-04(9))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477250/944-220-S99-1" }, "r652": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-16(Column A))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-1" }, "r653": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-16(Column B))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-1" }, "r654": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-16(Column C))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-1" }, "r655": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-16(Column D))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-1" }, "r656": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-16(Column E))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-1" }, "r657": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-16(Column F))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-1" }, "r658": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-16(Column G))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-1" }, "r659": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-16(Column H))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-1" }, "r660": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-16(Column I))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-1" }, "r661": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-16(Column J))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-1" }, "r662": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-16(Column K))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-1" }, "r663": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.12-17(Column A))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-2" }, "r664": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.12-17(Column B))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-2" }, "r665": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.12-17(Column C))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-2" }, "r666": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.12-17(Column D))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-2" }, "r667": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.12-17(Column E))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-2" }, "r668": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.12-17(Column F))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477965/944-235-S99-2" }, "r669": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4E", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-4E" }, "r670": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-5" }, "r671": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7A", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7A" }, "r672": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480016/944-40-65-2" }, "r673": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(f)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480016/944-40-65-2" }, "r674": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(f)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480016/944-40-65-2" }, "r675": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(g)(2)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480016/944-40-65-2" }, "r676": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(g)(2)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480016/944-40-65-2" }, "r677": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(h)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480016/944-40-65-2" }, "r678": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB Topic 5.W.Q2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479583/944-40-S99-1" }, "r679": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "740", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478822/944-740-50-1" }, "r680": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "805", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478072/944-805-50-1" }, "r681": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480424/946-10-50-1" }, "r682": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480424/946-10-50-2" }, "r683": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-03(d))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479886/946-10-S99-3" }, "r684": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-03(i)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479886/946-10-S99-3" }, "r685": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-03(i)(2)(i))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479886/946-10-S99-3" }, "r686": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-03(i)(2)(ii))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479886/946-10-S99-3" }, "r687": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-03(i)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479886/946-10-S99-3" }, "r688": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "11", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480990/946-20-50-11" }, "r689": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480990/946-20-50-13" }, "r690": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478009/946-205-45-3" }, "r691": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "3", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478009/946-205-45-3" }, "r692": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "4", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478009/946-205-45-4" }, "r693": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478009/946-205-45-6" }, "r694": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-2" }, "r695": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "27", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-27" }, "r696": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-7" }, "r697": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-7" }, "r698": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-7" }, "r699": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-7" }, "r700": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-7" }, "r701": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-7" }, "r702": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(g)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-7" }, "r703": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(h)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478494/946-205-50-7" }, "r704": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477796/946-210-45-4" }, "r705": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-1" }, "r706": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-2" }, "r707": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(a)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-6" }, "r708": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(a)(4)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-6" }, "r709": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-6" }, "r710": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-6" }, "r711": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r712": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(12)(b)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r713": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(12)(b)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r714": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(12)(b)(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r715": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(13)(a)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r716": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(13)(a)(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r717": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(14))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r718": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(15))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r719": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(16)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r720": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(17))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r721": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(19))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r722": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(2)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r723": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(2)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r724": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(3)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r725": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(3)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r726": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(3)(c))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r727": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(5)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r728": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(6)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r729": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(6)(c))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r730": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(6)(d))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r731": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(6)(e))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r732": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(8))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r733": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(9)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r734": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(9)(c))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r735": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(9)(d))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r736": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(9)(e))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r737": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.6-05(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-2" }, "r738": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.6-05(4))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-2" }, "r739": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "7", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479105/946-220-45-7" }, "r740": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478297/946-220-50-3" }, "r741": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r742": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(2)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r743": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(a)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r744": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(a)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r745": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(a)(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r746": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(a)(5))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r747": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(a)(6))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r748": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(a)(7))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r749": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(c)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r750": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(c)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r751": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(c)(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r752": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(c)(5))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r753": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(c)(6))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r754": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(c)(7))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r755": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(9))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-1" }, "r756": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-09(1)(d))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-3" }, "r757": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-09(4)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-3" }, "r758": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-09(6))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-3" }, "r759": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-09(7))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-3" }, "r760": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477968/946-235-50-2" }, "r761": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477968/946-235-50-2" }, "r762": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-12(Column A)(Footnote 2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-1" }, "r763": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-12(Column A)(Footnote 4))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-1" }, "r764": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-12(Column C)(Footnote 5))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-1" }, "r765": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.12-12A(Column A)(Footnote 2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-2" }, "r766": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.12-12A(Column A)(Footnote 3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-2" }, "r767": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.12-12A(Column C)(Footnote 4))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-2" }, "r768": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.12-12B(Column A)(Footnote 3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-3" }, "r769": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.12-12B(Column A)(Footnote 4)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-3" }, "r770": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.12-12B(Column A)(Footnote 4)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-3" }, "r771": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.12-12B(Column C)(Footnote 2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-3" }, "r772": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "5", "Subparagraph": "(SX 210.12-13(Column A)(Footnote 3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-5" }, "r773": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "5", "Subparagraph": "(SX 210.12-13(Column G)(Footnote 8))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-5" }, "r774": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "5B", "Subparagraph": "(SX 210.12-13B(Column E)(Footnote 4))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-5B" }, "r775": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "5C", "Subparagraph": "(SX 210.12-13C(Column H)(Footnote 7))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-5C" }, "r776": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "6", "Subparagraph": "(SX 210.12-14(Column A)(Footnote 2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-6" }, "r777": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "6", "Subparagraph": "(SX 210.12-14(Column A)(Footnote 3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-6" }, "r778": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "6", "Subparagraph": "(SX 210.12-14(Column F)(Footnote 7))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-6" }, "r779": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "505", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478448/946-505-50-1" }, "r780": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "505", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478448/946-505-50-2" }, "r781": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "505", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478448/946-505-50-2" }, "r782": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "505", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478448/946-505-50-2" }, "r783": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "505", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478448/946-505-50-2" }, "r784": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "505", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478448/946-505-50-3" }, "r785": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "505", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478448/946-505-50-6" }, "r786": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "948", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478322/948-310-S50-2" }, "r787": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "948", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-29(Column A)(Footnote 3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479628/948-310-S99-1" }, "r788": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "948", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-29(Column A)(Footnote 4))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479628/948-310-S99-1" }, "r789": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "948", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-29(Column B))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479628/948-310-S99-1" }, "r790": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "948", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-29(Column C))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479628/948-310-S99-1" }, "r791": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "954", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479196/954-310-45-1" }, "r792": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "954", "SubTopic": "440", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478522/954-440-50-1" }, "r793": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column A)(Footnote 2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r794": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column B))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r795": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column C))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r796": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column D))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r797": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column E)(Footnote 5))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r798": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column E))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r799": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column F))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r800": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column G))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r801": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column H))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r802": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column I))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r803": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "976", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477332/976-310-50-1" }, "r804": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "978", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479230/978-310-50-1" }, "r805": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "10", "SubTopic": "10", "Topic": "825", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482881/825-10-55-10" }, "r806": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "13H", "Subparagraph": "(a)", "SubTopic": "40", "Topic": "944", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480046/944-40-55-13H" }, "r807": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "13H", "Subparagraph": "(b)", "SubTopic": "40", "Topic": "944", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480046/944-40-55-13H" }, "r808": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483467/210-10-45-1" }, "r809": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "15", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483444/210-20-55-15" }, "r810": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "16", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483444/210-20-55-16" }, "r811": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "20", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483444/210-20-55-20" }, "r812": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "21", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483444/210-20-55-21" }, "r813": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "22", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483444/210-20-55-22" }, "r814": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "11", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476153/220-40-55-11" }, "r815": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "14", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476153/220-40-55-14" }, "r816": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "18", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476153/220-40-55-18" }, "r817": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "21", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476153/220-40-55-21" }, "r818": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476153/220-40-55-4" }, "r819": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "52", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482635/260-10-55-52" }, "r820": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "275", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "18", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482836/275-10-55-18" }, "r821": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "275", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482836/275-10-55-6" }, "r822": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "30", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-30" }, "r823": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "31", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-31" }, "r824": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "47", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-47" }, "r825": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "47", "Subparagraph": "(bb)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-47" }, "r826": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "47", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-47" }, "r827": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "47", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-47" }, "r828": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "48", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-48" }, "r829": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "49", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-49" }, "r830": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "54", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-54" }, "r831": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "54", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-54" }, "r832": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "54", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482785/280-10-55-54" }, "r833": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "310", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "12A", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481933/310-10-55-12A" }, "r834": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "350", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "24", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482548/350-20-55-24" }, "r835": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B" }, "r836": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "69B", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481568/470-20-55-69B" }, "r837": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "69C", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481568/470-20-55-69C" }, "r838": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "69E", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481568/470-20-55-69E" }, "r839": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "69F", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481568/470-20-55-69F" }, "r840": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "64", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481620/480-10-55-64" }, "r841": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-13" }, "r842": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "606", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-5" }, "r843": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "606", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "91", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479777/606-10-55-91" }, "r844": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "606", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "91", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479777/606-10-55-91" }, "r845": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "715", "SubTopic": "80", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "8", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480547/715-80-55-8" }, "r846": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r847": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "231", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482663/740-10-55-231" }, "r848": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "805", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479328/805-10-50-8" }, "r849": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "805", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "43", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479303/805-10-55-43" }, "r850": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "805", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "47", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479303/805-10-55-47" }, "r851": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "4J", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481175/810-10-55-4J" }, "r852": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "4K", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481175/810-10-55-4K" }, "r853": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4A", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4A" }, "r854": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "181", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480401/815-10-55-181" }, "r855": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "182", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480401/815-10-55-182" }, "r856": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "103", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-103" }, "r857": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "107", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-107" }, "r858": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "107", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-107" }, "r859": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "107", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482078/820-10-55-107" }, "r860": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "12", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482881/825-10-55-12" }, "r861": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "835", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "8", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482949/835-30-55-8" }, "r862": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "842", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "53", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479589/842-20-55-53" }, "r863": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "852", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481372/852-10-55-10" }, "r864": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "17", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-17" }, "r865": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "21", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-21" }, "r866": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "29", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-29" }, "r867": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477215/932-235-50-3" }, "r868": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477916/932-235-55-2" }, "r869": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477916/932-235-55-4" }, "r870": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477916/932-235-55-5" }, "r871": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477916/932-235-55-6" }, "r872": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "944", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479401/944-30-55-2" }, "r873": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "29F", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480046/944-40-55-29F" }, "r874": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "9C", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480046/944-40-55-9C" }, "r875": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "9C", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480046/944-40-55-9C" }, "r876": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "9C", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480046/944-40-55-9C" }, "r877": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "9E", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480046/944-40-55-9E" }, "r878": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "944", "SubTopic": "605", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "11", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477548/944-605-55-11" }, "r879": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "944", "SubTopic": "605", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "12", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477548/944-605-55-12" }, "r880": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "944", "SubTopic": "605", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "14", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477548/944-605-55-14" }, "r881": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "944", "SubTopic": "605", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "15", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477548/944-605-55-15" }, "r882": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "944", "SubTopic": "80", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "18", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480078/944-80-55-18" }, "r883": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-1" }, "r884": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(a)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478795/946-210-50-6" }, "r885": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477439/946-210-55-1" }, "r886": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477802/946-310-45-1" }, "r887": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-12(Column A)(Footnote 2)(i))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-1" }, "r888": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.12-12A(Column A)(Footnote 2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-2" }, "r889": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.12-12B(Column A)(Footnote 1)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-3" }, "r890": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "5C", "Subparagraph": "(SX 210.12-13C(Column A)(Footnote 1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-5C" }, "r891": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "5C", "Subparagraph": "(SX 210.12-13C(Column B)(Footnote 1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-5C" }, "r892": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "6", "Subparagraph": "(SX 210.12-14(Column A)(Footnote 2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477271/946-320-S99-6" }, "r893": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "405", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478790/946-405-45-2" }, "r894": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "830", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479168/946-830-55-10" }, "r895": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "830", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "11", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479168/946-830-55-11" }, "r896": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "830", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "12", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479168/946-830-55-12" }, "r897": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "b" }, "r898": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "b-2" }, "r899": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "d1-1" }, "r900": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 10-Q", "Number": "240", "Section": "308", "Subsection": "a" }, "r901": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 20-F", "Section": "16", "Subsection": "J", "Paragraph": "a" }, "r902": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 20-F", "Section": "6", "Subsection": "F", "Paragraph": "1" }, "r903": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 20-F", "Section": "6", "Subsection": "F", "Paragraph": "1", "Subparagraph": "i" }, "r904": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 20-F", "Section": "6", "Subsection": "F", "Paragraph": "1", "Subparagraph": "i", "Sentence": "A" }, "r905": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 20-F", "Section": "6", "Subsection": "F", "Paragraph": "1", "Subparagraph": "i", "Sentence": "B" }, "r906": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 20-F", "Section": "6", "Subsection": "F", "Paragraph": "1", "Subparagraph": "i", "Sentence": "C" }, "r907": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 20-F", "Section": "6", "Subsection": "F", "Paragraph": "1", "Subparagraph": "i", "Sentence": "D" }, "r908": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 20-F", "Section": "6", "Subsection": "F", "Paragraph": "1", "Subparagraph": "i", "Sentence": "E" }, "r909": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 20-F", "Section": "6", "Subsection": "F", "Paragraph": "1", "Subparagraph": "ii" }, "r910": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 20-F", "Section": "6", "Subsection": "F", "Paragraph": "1", "Subparagraph": "iii" }, "r911": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 20-F", "Section": "6", "Subsection": "F", "Paragraph": "2" }, "r912": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 40-F", "Section": "19", "Paragraph": "a" }, "r913": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 40-F", "Section": "19", "Paragraph": "a", "Subparagraph": "1" }, "r914": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 40-F", "Section": "19", "Paragraph": "a", "Subparagraph": "1", "Sentence": "i" }, "r915": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 40-F", "Section": "19", "Paragraph": "a", "Subparagraph": "1", "Sentence": "ii" }, "r916": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 40-F", "Section": "19", "Paragraph": "a", "Subparagraph": "1", "Sentence": "iii" }, "r917": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 40-F", "Section": "19", "Paragraph": "a", "Subparagraph": "1", "Sentence": "iv" }, "r918": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 40-F", "Section": "19", "Paragraph": "a", "Subparagraph": "1", "Sentence": "v" }, "r919": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 40-F", "Section": "19", "Paragraph": "a", "Subparagraph": "2" }, "r920": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 40-F", "Section": "19", "Paragraph": "a", "Subparagraph": "3" }, "r921": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 40-F", "Section": "19", "Paragraph": "b" }, "r922": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form N-CSR", "Section": "18", "Paragraph": "a" }, "r923": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form N-CSR", "Section": "18", "Paragraph": "a", "Subparagraph": "1" }, "r924": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form N-CSR", "Section": "18", "Paragraph": "a", "Subparagraph": "1", "Sentence": "i" }, "r925": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form N-CSR", "Section": "18", "Paragraph": "a", "Subparagraph": "1", "Sentence": "ii" }, "r926": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form N-CSR", "Section": "18", "Paragraph": "a", "Subparagraph": "1", "Sentence": "iii" }, "r927": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form N-CSR", "Section": "18", "Paragraph": "a", "Subparagraph": "1", "Sentence": "iv" }, "r928": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form N-CSR", "Section": "18", "Paragraph": "a", "Subparagraph": "1", "Sentence": "v" }, "r929": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form N-CSR", "Section": "18", "Paragraph": "a", "Subparagraph": "2" }, "r930": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form N-CSR", "Section": "18", "Paragraph": "a", "Subparagraph": "3" }, "r931": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form N-CSR", "Section": "18", "Paragraph": "b" }, "r932": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Forms 10-K, 10-Q, 20-F", "Number": "240", "Section": "13", "Subsection": "a-1" }, "r933": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v" }, "r934": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "1" }, "r935": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "ii" }, "r936": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iii" }, "r937": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iii", "Sentence": "B", "Clause": "1", "Subclause": "ii" }, "r938": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iii", "Sentence": "C", "Clause": "1", "Subclause": "i" }, "r939": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iii", "Sentence": "C", "Clause": "1", "Subclause": "ii" }, "r940": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iii", "Sentence": "C", "Clause": "1", "Subclause": "iii" }, "r941": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iii", "Sentence": "C", "Clause": "1", "Subclause": "iv" }, "r942": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iii", "Sentence": "C", "Clause": "1", "Subclause": "v" }, "r943": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iii", "Sentence": "C", "Clause": "1", "Subclause": "vi" }, "r944": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iv" }, "r945": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "vi" }, "r946": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "3" }, "r947": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "4" }, "r948": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "5", "Subparagraph": "i" }, "r949": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "5", "Subparagraph": "ii" }, "r950": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "5", "Subparagraph": "iii" }, "r951": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "5", "Subparagraph": "iv" }, "r952": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "6" }, "r953": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "v", "Paragraph": "6", "Subparagraph": "i" }, "r954": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "w", "Paragraph": "1" }, "r955": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "w", "Paragraph": "1", "Subparagraph": "i" }, "r956": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "w", "Paragraph": "1", "Subparagraph": "i", "Sentence": "A" }, "r957": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "w", "Paragraph": "1", "Subparagraph": "i", "Sentence": "B" }, "r958": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "w", "Paragraph": "1", "Subparagraph": "i", "Sentence": "C" }, "r959": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "w", "Paragraph": "1", "Subparagraph": "i", "Sentence": "D" }, "r960": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "w", "Paragraph": "1", "Subparagraph": "i", "Sentence": "E" }, "r961": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "w", "Paragraph": "1", "Subparagraph": "ii" }, "r962": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "w", "Paragraph": "1", "Subparagraph": "iii" }, "r963": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "w", "Paragraph": "2" }, "r964": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "x", "Paragraph": "1" }, "r965": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "x", "Paragraph": "2" }, "r966": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "x", "Paragraph": "2", "Subparagraph": "ii", "Sentence": "A" }, "r967": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "x", "Paragraph": "2", "Subparagraph": "ii", "Sentence": "C" }, "r968": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "x", "Paragraph": "2", "Subparagraph": "ii", "Sentence": "D" }, "r969": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "x", "Paragraph": "2", "Subparagraph": "ii", "Sentence": "E" }, "r970": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "x", "Paragraph": "2", "Subparagraph": "ii", "Sentence": "F" }, "r971": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "408", "Subsection": "a" }, "r972": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "408", "Subsection": "a", "Paragraph": "1" }, "r973": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "408", "Subsection": "a", "Paragraph": "2", "Subparagraph": "A" }, "r974": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "408", "Subsection": "a", "Paragraph": "2", "Subparagraph": "B" }, "r975": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "408", "Subsection": "a", "Paragraph": "2", "Subparagraph": "C" }, "r976": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "408", "Subsection": "a", "Paragraph": "2", "Subparagraph": "D" }, "r977": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "408", "Subsection": "b", "Paragraph": "1" }, "r978": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Section": "402", "Number": "229", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iii", "Sentence": "C", "Clause": "1" }, "r979": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iii", "Sentence": "A", "Number": "229" }, "r980": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iii", "Sentence": "B", "Clause": "1", "Number": "229" }, "r981": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Section": "402", "Subsection": "v", "Paragraph": "2", "Subparagraph": "iii", "Sentence": "B", "Clause": "1", "Subclause": "i", "Number": "229" }, "r982": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-T", "Number": "232", "Section": "405" }, "r983": { "role": "http://www.xbrl.org/2003/role/recommendedDisclosureRef", "Topic": "272", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483014/272-10-45-3" }, "r984": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Subparagraph": "(a)", "SubTopic": "20", "Topic": "842", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479041/842-20-45-1" }, "r985": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "12", "SubTopic": "10", "Topic": "230", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-12" }, "r986": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "15", "SubTopic": "10", "Topic": "230", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-15" }, "r987": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(a)", "SubTopic": "40", "Topic": "220", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-22" }, "r988": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03(2)(a))", "SubTopic": "10", "Topic": "220", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2" }, "r989": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03(2)(d))", "SubTopic": "10", "Topic": "220", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2" }, "r990": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "28", "Paragraph": "Column A", "Footnote": "2", "Publisher": "SEC" }, "r991": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "28", "Paragraph": "Column B", "Publisher": "SEC" }, "r992": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "28", "Paragraph": "Column C", "Publisher": "SEC" }, "r993": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "28", "Paragraph": "Column D", "Publisher": "SEC" }, "r994": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "28", "Paragraph": "Column E", "Publisher": "SEC" }, "r995": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "28", "Paragraph": "Column F", "Publisher": "SEC" }, "r996": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "28", "Paragraph": "Column G", "Publisher": "SEC" }, "r997": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "28", "Paragraph": "Column H", "Publisher": "SEC" }, "r998": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "28", "Paragraph": "Column I", "Publisher": "SEC" }, "r999": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "29", "Paragraph": "Column A", "Footnote": "4", "Publisher": "SEC" }, "r1000": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "29", "Paragraph": "Column B", "Publisher": "SEC" }, "r1001": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "12", "Subsection": "29", "Paragraph": "Column C", "Publisher": "SEC" }, "r1002": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "13", "Subsection": "01", "Paragraph": "a", "Subparagraph": "(4)(ii)", "Publisher": "SEC" }, "r1003": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "13", "Subsection": "01", "Paragraph": "a", "Subparagraph": "(4)(iii)", "Publisher": "SEC" }, "r1004": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-X (SX)", "Number": "210", "Section": "6", "Subsection": "04", "Paragraph": "12", "Subparagraph": "(b)(1)", "Publisher": "SEC" }, "r1005": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Staff Accounting Bulletin (SAB)", "Number": "Topic 5", "Section": "Y", "Paragraph": "Question 2", "Publisher": "SEC" }, "r1006": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "205", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483504/205-10-50-1" }, "r1007": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(13))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r1008": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(27)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r1009": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(28))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r1010": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX210.5-02(22)(a)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480566/210-10-S99-1" }, "r1011": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483466/210-20-50-3" }, "r1012": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483466/210-20-50-3" }, "r1013": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483466/210-20-50-3" }, "r1014": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(d)(1)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483466/210-20-50-3" }, "r1015": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(d)(1)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483466/210-20-50-3" }, "r1016": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(d)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483466/210-20-50-3" }, "r1017": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483466/210-20-50-3" }, "r1018": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483444/210-20-55-10" }, "r1019": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "12", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483444/210-20-55-12" }, "r1020": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482765/220-10-50-4" }, "r1021": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482765/220-10-50-5" }, "r1022": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482765/220-10-50-6" }, "r1023": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2" }, "r1024": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483621/220-10-S99-2" }, "r1025": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "21", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-21" }, "r1026": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "21", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-21" }, "r1027": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "21", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-21" }, "r1028": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "21", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-21" }, "r1029": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "21", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-21" }, "r1030": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "21", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-21" }, "r1031": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "21", "Subparagraph": "(g)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-21" }, "r1032": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "21", "Subparagraph": "(h)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-21" }, "r1033": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "21", "Subparagraph": "(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-21" }, "r1034": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "21", "Subparagraph": "(j)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-21" }, "r1035": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "21", "Subparagraph": "(k)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-21" }, "r1036": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "21", "Subparagraph": "(l)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-21" }, "r1037": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "21", "Subparagraph": "(m)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-21" }, "r1038": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-22" }, "r1039": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-22" }, "r1040": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-22" }, "r1041": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-22" }, "r1042": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-22" }, "r1043": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(g)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-22" }, "r1044": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(h)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-22" }, "r1045": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-22" }, "r1046": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(j)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-22" }, "r1047": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(k)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-22" }, "r1048": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(l)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-22" }, "r1049": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(m)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-22" }, "r1050": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(n)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-22" }, "r1051": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(o)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-22" }, "r1052": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(p)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-22" }, "r1053": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(q)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-22" }, "r1054": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(r)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-22" }, "r1055": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(s)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-22" }, "r1056": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(t)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-22" }, "r1057": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(u)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-22" }, "r1058": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "30", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-30" }, "r1059": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "31", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-31" }, "r1060": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "32", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-32" }, "r1061": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "33", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-33" }, "r1062": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-6" }, "r1063": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-6" }, "r1064": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-6" }, "r1065": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "220", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147476148/220-40-50-6" }, "r1066": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "13", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-13" }, "r1067": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "14", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-14" }, "r1068": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "28", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-28" }, "r1069": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "28", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482740/230-10-45-28" }, "r1070": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483426/235-10-50-4" }, "r1071": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480738/235-10-S50-1" }, "r1072": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480738/235-10-S50-4" }, "r1073": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(d))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r1074": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(f))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r1075": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(g)(1)(i))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r1076": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(g)(1)(ii))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r1077": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(h)(1)(Note 1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-1" }, "r1078": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.12-04(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480678/235-10-S99-3" }, "r1079": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "23", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483421/250-10-45-23" }, "r1080": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "24", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483421/250-10-45-24" }, "r1081": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "5", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483421/250-10-45-5" }, "r1082": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483443/250-10-50-6" }, "r1083": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "55", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482689/260-10-45-55" }, "r1084": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482662/260-10-50-1" }, "r1085": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482662/260-10-50-1" }, "r1086": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "270", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482964/270-10-50-1" }, "r1087": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-22" }, "r1088": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "30", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-30" }, "r1089": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "32", "Subparagraph": "(ee)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-32" }, "r1090": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "32", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482810/280-10-50-32" }, "r1091": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "310", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "13", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481990/310-10-45-13" }, "r1092": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "323", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481687/323-10-50-3" }, "r1093": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "360", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482099/360-10-50-2" }, "r1094": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "360", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3A", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482099/360-10-50-3A" }, "r1095": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "360", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3A", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482099/360-10-50-3A" }, "r1096": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "405", "SubTopic": "30", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/405-30/tableOfContent" }, "r1097": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "405", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1" }, "r1098": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "405", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1" }, "r1099": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "405", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(e)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477092/405-40-50-1" }, "r1100": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "410", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "10", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481931/410-30-50-10" }, "r1101": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "450", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/450/tableOfContent" }, "r1102": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "450", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "9", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483076/450-20-50-9" }, "r1103": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "450", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB Topic 5.Y.Q2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480102/450-20-S99-1" }, "r1104": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481544/470-10-50-6" }, "r1105": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480190/470-10-S50-1" }, "r1106": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1A", "Subparagraph": "(SX 210.13-01(a)(4)(ii))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A" }, "r1107": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1A", "Subparagraph": "(SX 210.13-01(a)(4)(iii))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480097/470-10-S99-1A" }, "r1108": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481139/470-20-50-1B" }, "r1109": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "480", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479857/480-10-S50-1" }, "r1110": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(h)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-13" }, "r1111": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481112/505-10-50-2" }, "r1112": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "505", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481520/505-30-50-4" }, "r1113": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "606", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479806/606-10-50-5" }, "r1114": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "606", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "91", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479777/606-10-55-91" }, "r1115": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-1" }, "r1116": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(c)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480506/715-20-50-5" }, "r1117": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1118": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1119": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1120": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1121": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1122": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(iii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1123": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(iv)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1124": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(iv)(01)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1125": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(iv)(02)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1126": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(iv)(03)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1127": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)(iv)(04)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1128": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1129": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1130": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1131": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)(iii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1132": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)(iii)(01)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1133": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)(iii)(02)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1134": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)(iii)(03)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1135": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(d)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1136": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(d)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1137": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(e)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1138": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(e)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1139": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1140": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1141": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)(iii)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1142": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)(iv)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1143": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)(v)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-2" }, "r1144": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480429/718-10-50-4" }, "r1145": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "805", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org/805/tableOfContent" }, "r1146": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "805", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)(4)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479581/805-30-50-1" }, "r1147": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "805", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479581/805-30-50-2" }, "r1148": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "805", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "15", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480123/805-50-15-3" }, "r1149": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1A", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-1A" }, "r1150": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-1B" }, "r1151": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4A", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4A" }, "r1152": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4A", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4A" }, "r1153": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4B", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4B" }, "r1154": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4C", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4C" }, "r1155": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4CC", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4CC" }, "r1156": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4D", "Subparagraph": "(a)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4D" }, "r1157": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4E", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-4E" }, "r1158": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7A", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-7A" }, "r1159": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-8" }, "r1160": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-8" }, "r1161": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480434/815-10-50-8" }, "r1162": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "25", "Paragraph": "6A", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480682/815-20-25-6A" }, "r1163": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480870/815-30-50-1" }, "r1164": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480870/815-30-50-2" }, "r1165": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "1", "Subparagraph": "(e)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480175/815-40-65-1" }, "r1166": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r1167": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(bbb)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r1168": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(bbb)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r1169": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(bbb)(2)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r1170": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r1171": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r1172": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(1a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r1173": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r1174": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r1175": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-2" }, "r1176": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-3" }, "r1177": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482106/820-10-50-3" }, "r1178": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-10" }, "r1179": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "11", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-11" }, "r1180": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "11", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-11" }, "r1181": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "28", "Subparagraph": "(c)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-28" }, "r1182": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "28", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482907/825-10-50-28" }, "r1183": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "835", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482925/835-30-45-2" }, "r1184": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "835", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482925/835-30-45-3" }, "r1185": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "835", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147482900/835-30-50-1" }, "r1186": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "842", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(a)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478964/842-20-50-3" }, "r1187": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "842", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478964/842-20-50-4" }, "r1188": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "850", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147483326/850-10-50-2" }, "r1189": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "852", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481404/852-10-50-7" }, "r1190": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "852", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481404/852-10-50-7" }, "r1191": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3" }, "r1192": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3" }, "r1193": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-3" }, "r1194": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-4" }, "r1195": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-4" }, "r1196": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(b)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147481326/860-20-50-4" }, "r1197": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "942", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147477314/942-235-S99-2" }, "r1198": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(1)(6))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r1199": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(1)(d))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r1200": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(15)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r1201": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(16)(a)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r1202": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r1203": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(5))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478777/944-210-S99-1" }, "r1204": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2B", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479432/944-30-50-2B" }, "r1205": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4B", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-4B" }, "r1206": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4B", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-4B" }, "r1207": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4C", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-4C" }, "r1208": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4D", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-4D" }, "r1209": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4G", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-4G" }, "r1210": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-5" }, "r1211": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-5" }, "r1212": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-5" }, "r1213": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-5" }, "r1214": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-6" }, "r1215": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-6" }, "r1216": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-6" }, "r1217": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(b)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-6" }, "r1218": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(b)(4)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-6" }, "r1219": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(b)(5)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-6" }, "r1220": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(b)(6)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-6" }, "r1221": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-6" }, "r1222": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7A", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7A" }, "r1223": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7A", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7A" }, "r1224": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7A", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7A" }, "r1225": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7A", "Subparagraph": "(b)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7A" }, "r1226": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7A", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7A" }, "r1227": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7A", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7A" }, "r1228": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7B", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7B" }, "r1229": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7B", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7B" }, "r1230": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7B", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480081/944-40-50-7B" }, "r1231": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "80", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480109/944-80-50-2" }, "r1232": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "80", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480109/944-80-50-2" }, "r1233": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "15", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480990/946-20-50-15" }, "r1234": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "16", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147480990/946-20-50-16" }, "r1235": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "4", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478009/946-205-45-4" }, "r1236": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(12)(b)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r1237": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(18))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479170/946-210-S99-1" }, "r1238": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "3", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479105/946-220-45-3" }, "r1239": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "3", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479105/946-220-45-3" }, "r1240": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-09(4)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-3" }, "r1241": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-09(7))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479134/946-220-S99-3" }, "r1242": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "948", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "S50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478322/948-310-S50-2" }, "r1243": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "948", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-29(Column A)(Footnote 4))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479628/948-310-S99-1" }, "r1244": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "948", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-29(Column B))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479628/948-310-S99-1" }, "r1245": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "948", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-29(Column C))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147479628/948-310-S99-1" }, "r1246": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column A)(Footnote 2))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r1247": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column B))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r1248": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column C))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r1249": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column D))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r1250": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column E))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r1251": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column F))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r1252": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column G))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r1253": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column H))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" }, "r1254": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "970", "SubTopic": "360", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-28(Column I))", "Publisher": "FASB", "URI": "https://asc.fasb.org/1943274/2147478979/970-360-S99-1" } } } ZIP 75 0001474098-26-000039-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001474098-26-000039-xbrl.zip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end XML 76 peb-20260331_htm.xml IDEA: XBRL DOCUMENT 0001474098 2026-01-01 2026-03-31 0001474098 us-gaap:CommonStockMember 2026-01-01 2026-03-31 0001474098 us-gaap:SeriesEPreferredStockMember 2026-01-01 2026-03-31 0001474098 us-gaap:SeriesFPreferredStockMember 2026-01-01 2026-03-31 0001474098 us-gaap:SeriesGPreferredStockMember 2026-01-01 2026-03-31 0001474098 us-gaap:SeriesHPreferredStockMember 2026-01-01 2026-03-31 0001474098 2026-04-24 0001474098 2026-03-31 0001474098 2025-12-31 0001474098 us-gaap:OccupancyMember 2026-01-01 2026-03-31 0001474098 us-gaap:OccupancyMember 2025-01-01 2025-03-31 0001474098 us-gaap:FoodAndBeverageMember 2026-01-01 2026-03-31 0001474098 us-gaap:FoodAndBeverageMember 2025-01-01 2025-03-31 0001474098 us-gaap:HotelOtherMember 2026-01-01 2026-03-31 0001474098 us-gaap:HotelOtherMember 2025-01-01 2025-03-31 0001474098 2025-01-01 2025-03-31 0001474098 us-gaap:PreferredStockMember 2025-12-31 0001474098 us-gaap:CommonStockMember 2025-12-31 0001474098 us-gaap:AdditionalPaidInCapitalMember 2025-12-31 0001474098 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-12-31 0001474098 us-gaap:RetainedEarningsMember 2025-12-31 0001474098 us-gaap:ParentMember 2025-12-31 0001474098 us-gaap:NoncontrollingInterestMember 2025-12-31 0001474098 srt:DirectorMember us-gaap:CommonStockMember 2026-01-01 2026-03-31 0001474098 srt:DirectorMember us-gaap:AdditionalPaidInCapitalMember 2026-01-01 2026-03-31 0001474098 srt:DirectorMember us-gaap:ParentMember 2026-01-01 2026-03-31 0001474098 srt:DirectorMember 2026-01-01 2026-03-31 0001474098 us-gaap:CommonStockMember us-gaap:CommonStockMember 2026-01-01 2026-03-31 0001474098 us-gaap:CommonStockMember us-gaap:AdditionalPaidInCapitalMember 2026-01-01 2026-03-31 0001474098 us-gaap:CommonStockMember us-gaap:ParentMember 2026-01-01 2026-03-31 0001474098 us-gaap:CommonStockMember 2026-01-01 2026-03-31 0001474098 us-gaap:AdditionalPaidInCapitalMember 2026-01-01 2026-03-31 0001474098 us-gaap:ParentMember 2026-01-01 2026-03-31 0001474098 us-gaap:NoncontrollingInterestMember 2026-01-01 2026-03-31 0001474098 us-gaap:RetainedEarningsMember 2026-01-01 2026-03-31 0001474098 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2026-01-01 2026-03-31 0001474098 us-gaap:PreferredStockMember 2026-03-31 0001474098 us-gaap:CommonStockMember 2026-03-31 0001474098 us-gaap:AdditionalPaidInCapitalMember 2026-03-31 0001474098 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2026-03-31 0001474098 us-gaap:RetainedEarningsMember 2026-03-31 0001474098 us-gaap:ParentMember 2026-03-31 0001474098 us-gaap:NoncontrollingInterestMember 2026-03-31 0001474098 us-gaap:PreferredStockMember 2024-12-31 0001474098 us-gaap:CommonStockMember 2024-12-31 0001474098 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001474098 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0001474098 us-gaap:RetainedEarningsMember 2024-12-31 0001474098 us-gaap:ParentMember 2024-12-31 0001474098 us-gaap:NoncontrollingInterestMember 2024-12-31 0001474098 2024-12-31 0001474098 srt:DirectorMember us-gaap:CommonStockMember 2025-01-01 2025-03-31 0001474098 srt:DirectorMember us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0001474098 srt:DirectorMember us-gaap:ParentMember 2025-01-01 2025-03-31 0001474098 srt:DirectorMember 2025-01-01 2025-03-31 0001474098 us-gaap:CommonStockMember us-gaap:CommonStockMember 2025-01-01 2025-03-31 0001474098 us-gaap:CommonStockMember us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0001474098 us-gaap:CommonStockMember us-gaap:ParentMember 2025-01-01 2025-03-31 0001474098 us-gaap:CommonStockMember 2025-01-01 2025-03-31 0001474098 us-gaap:CommonStockMember 2025-01-01 2025-03-31 0001474098 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0001474098 us-gaap:ParentMember 2025-01-01 2025-03-31 0001474098 us-gaap:NoncontrollingInterestMember 2025-01-01 2025-03-31 0001474098 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0001474098 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-01-01 2025-03-31 0001474098 us-gaap:PreferredStockMember 2025-03-31 0001474098 us-gaap:CommonStockMember 2025-03-31 0001474098 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0001474098 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-03-31 0001474098 us-gaap:RetainedEarningsMember 2025-03-31 0001474098 us-gaap:ParentMember 2025-03-31 0001474098 us-gaap:NoncontrollingInterestMember 2025-03-31 0001474098 2025-03-31 0001474098 peb:OperatingPartnershipMember 2026-03-31 0001474098 peb:MontroseAtBeverlyHillsMember 2025-11-19 2025-11-19 0001474098 peb:TheWestinMichiganAvenueChicagoMember 2025-12-03 2025-12-03 0001474098 2025-01-01 2025-12-31 0001474098 srt:HotelMember 2026-01-01 2026-03-31 0001474098 srt:HotelMember 2025-01-01 2025-03-31 0001474098 srt:MinimumMember 2026-03-31 0001474098 srt:MaximumMember 2026-03-31 0001474098 us-gaap:RevolvingCreditFacilityMember peb:SeniorUnsecuredRevolvingCreditFacilityMember us-gaap:UnsecuredDebtMember 2026-03-31 0001474098 us-gaap:RevolvingCreditFacilityMember peb:SeniorUnsecuredRevolvingCreditFacilityMember us-gaap:UnsecuredDebtMember 2025-12-31 0001474098 us-gaap:RevolvingCreditFacilityMember peb:PHLUnsecuredRevolvingCreditFacilityMember us-gaap:UnsecuredDebtMember 2026-03-31 0001474098 us-gaap:RevolvingCreditFacilityMember peb:PHLUnsecuredRevolvingCreditFacilityMember us-gaap:UnsecuredDebtMember 2025-12-31 0001474098 us-gaap:RevolvingCreditFacilityMember us-gaap:UnsecuredDebtMember 2026-03-31 0001474098 us-gaap:RevolvingCreditFacilityMember us-gaap:UnsecuredDebtMember 2025-12-31 0001474098 peb:TermLoanMember peb:TermLoan2027Member us-gaap:UnsecuredDebtMember 2026-03-31 0001474098 peb:TermLoanMember peb:TermLoan2027Member us-gaap:UnsecuredDebtMember 2025-12-31 0001474098 peb:TermLoanMember peb:TermLoan2028Member us-gaap:UnsecuredDebtMember 2026-03-31 0001474098 peb:TermLoanMember peb:TermLoan2028Member us-gaap:UnsecuredDebtMember 2025-12-31 0001474098 peb:TermLoanMember peb:TermLoan2029Member us-gaap:UnsecuredDebtMember 2026-03-31 0001474098 peb:TermLoanMember peb:TermLoan2029Member us-gaap:UnsecuredDebtMember 2025-12-31 0001474098 peb:TermLoanMember peb:TermLoan2031Member us-gaap:UnsecuredDebtMember 2026-03-31 0001474098 peb:TermLoanMember peb:TermLoan2031Member us-gaap:UnsecuredDebtMember 2025-12-31 0001474098 peb:TermLoanMember us-gaap:UnsecuredDebtMember 2026-03-31 0001474098 peb:TermLoanMember us-gaap:UnsecuredDebtMember 2025-12-31 0001474098 peb:SeniorNotes2026Member us-gaap:ConvertibleDebtMember 2026-03-31 0001474098 peb:SeniorNotes2026Member us-gaap:ConvertibleDebtMember 2025-12-31 0001474098 peb:SeniorNotes2030Member us-gaap:ConvertibleDebtMember 2026-03-31 0001474098 peb:SeniorNotes2030Member us-gaap:ConvertibleDebtMember 2025-12-31 0001474098 us-gaap:ConvertibleDebtMember 2026-03-31 0001474098 us-gaap:ConvertibleDebtMember 2025-12-31 0001474098 peb:SeniorNotes2029Member us-gaap:SeniorNotesMember 2026-03-31 0001474098 peb:SeniorNotes2029Member us-gaap:SeniorNotesMember 2025-12-31 0001474098 peb:MargaritavilleHollywoodBeachResortMember us-gaap:MortgagesMember 2026-03-31 0001474098 peb:MargaritavilleHollywoodBeachResortMember us-gaap:MortgagesMember 2025-12-31 0001474098 peb:EstanciaLaJollaHotelSpaMember us-gaap:MortgagesMember 2026-03-31 0001474098 peb:EstanciaLaJollaHotelSpaMember us-gaap:MortgagesMember 2025-12-31 0001474098 us-gaap:MortgagesMember 2026-03-31 0001474098 us-gaap:MortgagesMember 2025-12-31 0001474098 us-gaap:RevolvingCreditFacilityMember peb:SeniorUnsecuredRevolvingCreditFacilityMember us-gaap:UnsecuredDebtMember 2026-01-01 2026-03-31 0001474098 us-gaap:RevolvingCreditFacilityMember peb:SeniorUnsecuredRevolvingCreditFacilityMember us-gaap:UnsecuredDebtMember 2022-10-13 0001474098 peb:TermLoanMember us-gaap:UnsecuredDebtMember 2022-10-13 0001474098 peb:TermLoanMember peb:TermLoan2027Member us-gaap:UnsecuredDebtMember 2026-02-11 0001474098 us-gaap:DelayedDrawTermLoanMember us-gaap:UnsecuredDebtMember 2026-02-11 0001474098 us-gaap:RevolvingCreditFacilityMember peb:SeniorUnsecuredRevolvingCreditFacilityDueOctober2028Member us-gaap:UnsecuredDebtMember 2026-02-11 0001474098 srt:MinimumMember us-gaap:RevolvingCreditFacilityMember peb:SeniorUnsecuredRevolvingCreditFacilityMember us-gaap:UnsecuredDebtMember us-gaap:SecuredOvernightFinancingRateSofrMember 2026-01-01 2026-03-31 0001474098 srt:MaximumMember us-gaap:RevolvingCreditFacilityMember peb:SeniorUnsecuredRevolvingCreditFacilityMember us-gaap:UnsecuredDebtMember us-gaap:SecuredOvernightFinancingRateSofrMember 2026-01-01 2026-03-31 0001474098 srt:MinimumMember us-gaap:RevolvingCreditFacilityMember peb:SeniorUnsecuredRevolvingCreditFacilityMember us-gaap:UnsecuredDebtMember us-gaap:BaseRateMember 2026-01-01 2026-03-31 0001474098 srt:MaximumMember us-gaap:RevolvingCreditFacilityMember peb:SeniorUnsecuredRevolvingCreditFacilityMember us-gaap:UnsecuredDebtMember us-gaap:BaseRateMember 2026-01-01 2026-03-31 0001474098 srt:MinimumMember us-gaap:RevolvingCreditFacilityMember peb:SeniorUnsecuredRevolvingCreditFacilityMember us-gaap:UnsecuredDebtMember 2026-01-01 2026-03-31 0001474098 srt:MaximumMember us-gaap:RevolvingCreditFacilityMember peb:SeniorUnsecuredRevolvingCreditFacilityMember us-gaap:UnsecuredDebtMember 2026-01-01 2026-03-31 0001474098 us-gaap:LetterOfCreditMember 2026-03-31 0001474098 srt:MinimumMember peb:TermLoanMember us-gaap:UnsecuredDebtMember us-gaap:SecuredOvernightFinancingRateSofrMember 2026-01-01 2026-03-31 0001474098 srt:MaximumMember peb:TermLoanMember us-gaap:UnsecuredDebtMember us-gaap:SecuredOvernightFinancingRateSofrMember 2026-01-01 2026-03-31 0001474098 srt:MinimumMember peb:TermLoanMember us-gaap:UnsecuredDebtMember us-gaap:BaseRateMember 2026-01-01 2026-03-31 0001474098 srt:MaximumMember peb:TermLoanMember us-gaap:UnsecuredDebtMember us-gaap:BaseRateMember 2026-01-01 2026-03-31 0001474098 peb:SeniorNotes2026Member us-gaap:ConvertibleDebtMember 2026-01-01 2026-03-31 0001474098 peb:SeniorNotes2030Member us-gaap:ConvertibleDebtMember 2026-01-01 2026-03-31 0001474098 peb:SeniorNotes2029Member us-gaap:SeniorNotesMember 2024-10-03 0001474098 peb:EstanciaLaJollaHotelSpaMember us-gaap:MortgagesMember 2021-12-01 0001474098 peb:MargaritavilleHollywoodBeachResortMember us-gaap:MortgagesMember 2023-09-07 0001474098 peb:MargaritavilleHollywoodBeachResortMember us-gaap:MortgagesMember 2026-02-01 2026-02-28 0001474098 us-gaap:RevolvingCreditFacilityMember us-gaap:UnsecuredDebtMember 2026-01-01 2026-03-31 0001474098 us-gaap:RevolvingCreditFacilityMember us-gaap:UnsecuredDebtMember 2025-01-01 2025-03-31 0001474098 peb:TermLoanMember us-gaap:UnsecuredDebtMember 2026-01-01 2026-03-31 0001474098 peb:TermLoanMember us-gaap:UnsecuredDebtMember 2025-01-01 2025-03-31 0001474098 us-gaap:ConvertibleDebtMember 2026-01-01 2026-03-31 0001474098 us-gaap:ConvertibleDebtMember 2025-01-01 2025-03-31 0001474098 us-gaap:SeniorNotesMember 2026-01-01 2026-03-31 0001474098 us-gaap:SeniorNotesMember 2025-01-01 2025-03-31 0001474098 us-gaap:MortgagesMember 2026-01-01 2026-03-31 0001474098 us-gaap:MortgagesMember 2025-01-01 2025-03-31 0001474098 peb:FixedRateDebtMember 2026-03-31 0001474098 peb:FixedRateDebtMember 2025-12-31 0001474098 srt:MinimumMember peb:InterestRateSwapDueOctober2026Member 2026-03-31 0001474098 srt:MaximumMember peb:InterestRateSwapDueOctober2026Member 2026-03-31 0001474098 peb:InterestRateSwapDueOctober2026Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2026-03-31 0001474098 peb:InterestRateSwapDueOctober2026Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2025-12-31 0001474098 peb:InterestRateSwapDueOctober2027Member 2026-03-31 0001474098 peb:InterestRateSwapDueOctober2027Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2026-03-31 0001474098 peb:InterestRateSwapDueOctober2027Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2025-12-31 0001474098 peb:InterestRateSwapDueNovember2027Member 2026-03-31 0001474098 peb:InterestRateSwapDueNovember2027Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2026-03-31 0001474098 peb:InterestRateSwapDueNovember2027Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2025-12-31 0001474098 srt:MinimumMember peb:InterestRateSwapDueMarch2028Member 2026-03-31 0001474098 srt:MaximumMember peb:InterestRateSwapDueMarch2028Member 2026-03-31 0001474098 peb:InterestRateSwapDueMarch2028Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2026-03-31 0001474098 peb:InterestRateSwapDueMarch2028Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2025-12-31 0001474098 srt:MinimumMember peb:InterestRateSwapDueMay2028Member 2026-03-31 0001474098 srt:MaximumMember peb:InterestRateSwapDueMay2028Member 2026-03-31 0001474098 peb:InterestRateSwapDueMay2028Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2026-03-31 0001474098 peb:InterestRateSwapDueMay2028Member us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2025-12-31 0001474098 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2026-03-31 0001474098 us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2025-12-31 0001474098 us-gaap:InterestRateSwapMember 2026-03-31 0001474098 us-gaap:InterestRateSwapMember 2025-12-31 0001474098 peb:SouthernFloridaAndGeorgiaMember 2026-01-01 2026-03-31 0001474098 peb:SouthernFloridaAndGeorgiaMember 2025-01-01 2025-03-31 0001474098 peb:SanDiegoCaliforniaMember 2026-01-01 2026-03-31 0001474098 peb:SanDiegoCaliforniaMember 2025-01-01 2025-03-31 0001474098 peb:SanFranciscoCaliforniaMember 2026-01-01 2026-03-31 0001474098 peb:SanFranciscoCaliforniaMember 2025-01-01 2025-03-31 0001474098 peb:BostonMassachusettsMember 2026-01-01 2026-03-31 0001474098 peb:BostonMassachusettsMember 2025-01-01 2025-03-31 0001474098 peb:LosAngelesCaliforniaMember 2026-01-01 2026-03-31 0001474098 peb:LosAngelesCaliforniaMember 2025-01-01 2025-03-31 0001474098 peb:PortlandOregonMember 2026-01-01 2026-03-31 0001474098 peb:PortlandOregonMember 2025-01-01 2025-03-31 0001474098 stpr:DC 2026-01-01 2026-03-31 0001474098 stpr:DC 2025-01-01 2025-03-31 0001474098 peb:OtherMember 2026-01-01 2026-03-31 0001474098 peb:OtherMember 2025-01-01 2025-03-31 0001474098 2026-04-01 2026-03-31 0001474098 us-gaap:CommonStockMember 2026-03-31 0001474098 peb:October2025ShareRepurchaseProgramMember us-gaap:CommonStockMember 2025-10-21 0001474098 peb:October2025ShareRepurchaseProgramMember us-gaap:CommonStockMember 2026-01-01 2026-03-31 0001474098 peb:October2025ShareRepurchaseProgramMember us-gaap:CommonStockMember 2026-03-31 0001474098 us-gaap:SeriesEPreferredStockMember 2026-03-31 0001474098 us-gaap:SeriesEPreferredStockMember 2025-12-31 0001474098 us-gaap:SeriesFPreferredStockMember 2026-03-31 0001474098 us-gaap:SeriesFPreferredStockMember 2025-12-31 0001474098 us-gaap:SeriesGPreferredStockMember 2026-03-31 0001474098 us-gaap:SeriesGPreferredStockMember 2025-12-31 0001474098 us-gaap:SeriesHPreferredStockMember 2026-03-31 0001474098 us-gaap:SeriesHPreferredStockMember 2025-12-31 0001474098 peb:February2023ShareRepurchaseProgramMember us-gaap:PreferredStockMember 2023-02-17 0001474098 peb:February2023ShareRepurchaseProgramMember us-gaap:SeriesEPreferredStockMember 2023-02-17 2023-02-17 0001474098 peb:February2023ShareRepurchaseProgramMember us-gaap:SeriesFPreferredStockMember 2023-02-17 2023-02-17 0001474098 peb:February2023ShareRepurchaseProgramMember us-gaap:SeriesGPreferredStockMember 2023-02-17 2023-02-17 0001474098 peb:February2023ShareRepurchaseProgramMember us-gaap:SeriesHPreferredStockMember 2023-02-17 2023-02-17 0001474098 peb:February2023ShareRepurchaseProgramMember us-gaap:PreferredStockMember 2026-01-01 2026-03-31 0001474098 peb:February2023ShareRepurchaseProgramMember us-gaap:PreferredStockMember 2026-03-31 0001474098 peb:InnOnFifthMember srt:PartnershipInterestMember 2022-05-11 2022-05-11 0001474098 peb:OperatingPartnershipMember 2025-12-31 0001474098 peb:OperatingPartnershipMember 2026-03-31 0001474098 peb:LongTermIncentivePartnershipUnitsMember 2026-01-01 2026-03-31 0001474098 peb:LongTermIncentivePartnershipUnitsClassBMember 2025-02-07 2025-02-07 0001474098 peb:LongTermIncentivePartnershipUnitsClassBMember 2026-02-05 2026-02-05 0001474098 peb:LongTermIncentivePartnershipUnitsMember 2026-03-31 0001474098 peb:LongTermIncentivePartnershipUnitsMember 2025-12-31 0001474098 peb:InnOnFifthMember peb:SeriesZPreferredStockMember 2022-05-11 2022-05-11 0001474098 peb:SeriesZPreferredStockMember 2022-05-11 2022-05-11 0001474098 peb:SeriesZPreferredStockMember 2022-05-11 0001474098 peb:SeriesZPreferredStockMember peb:OperatingPartnershipMember 2025-12-31 0001474098 peb:SeriesZPreferredStockMember peb:OperatingPartnershipMember 2026-03-31 0001474098 srt:MinimumMember 2026-01-01 2026-03-31 0001474098 srt:MaximumMember 2026-01-01 2026-03-31 0001474098 srt:MinimumMember us-gaap:RestrictedStockMember 2026-01-01 2026-03-31 0001474098 srt:MaximumMember us-gaap:RestrictedStockMember 2026-01-01 2026-03-31 0001474098 us-gaap:RestrictedStockMember 2025-12-31 0001474098 us-gaap:RestrictedStockMember 2026-01-01 2026-03-31 0001474098 us-gaap:RestrictedStockMember 2026-03-31 0001474098 us-gaap:RestrictedStockMember 2025-01-01 2025-03-31 0001474098 us-gaap:PerformanceSharesMember 2026-02-05 2026-02-05 0001474098 srt:MinimumMember us-gaap:PerformanceSharesMember 2026-02-05 2026-02-05 0001474098 srt:MaximumMember us-gaap:PerformanceSharesMember 2026-02-05 2026-02-05 0001474098 us-gaap:PerformanceSharesMember 2026-01-01 2026-03-31 0001474098 us-gaap:PerformanceSharesMember 2025-01-01 2025-03-31 0001474098 peb:LongTermIncentivePartnershipUnitsClassBMember 2026-02-05 0001474098 peb:LongTermIncentivePartnershipUnitsMember 2025-01-01 2025-03-31 0001474098 peb:RestrictedAndPerformanceBasedSharesMember 2026-01-01 2026-03-31 0001474098 peb:RestrictedAndPerformanceBasedSharesMember 2025-01-01 2025-03-31 0001474098 us-gaap:ConvertibleDebtSecuritiesMember 2026-01-01 2026-03-31 0001474098 us-gaap:ConvertibleDebtSecuritiesMember 2025-01-01 2025-03-31 0001474098 peb:A1HotelSanFranciscoMember 2026-03-31 0001474098 peb:HotelPalomarLosAngelesBeverlyHillsMember 2026-01-01 2026-03-31 0001474098 peb:HotelZeppelinSanFranciscoMember 2026-03-31 0001474098 peb:HotelZeppelinSanFranciscoMember 2026-01-01 2026-03-31 0001474098 us-gaap:CommonStockMember 2025-03-31 0001474098 us-gaap:PreferredStockMember 2026-03-31 0001474098 us-gaap:PreferredStockMember 2025-03-31 0001474098 peb:BoardOfTrusteesMember 2026-01-01 2026-03-31 0001474098 peb:BoardOfTrusteesMember 2025-01-01 2025-03-31 0001474098 peb:CorporateAndReconcilingItemsMember 2026-01-01 2026-03-31 0001474098 peb:CorporateAndReconcilingItemsMember 2025-01-01 2025-03-31 0001474098 us-gaap:OperatingSegmentsMember peb:ReportableSegmentMember 2026-01-01 2026-03-31 0001474098 us-gaap:OperatingSegmentsMember peb:ReportableSegmentMember 2025-01-01 2025-03-31 0001474098 us-gaap:OperatingSegmentsMember us-gaap:OccupancyMember peb:ReportableSegmentMember 2026-01-01 2026-03-31 0001474098 us-gaap:OperatingSegmentsMember us-gaap:OccupancyMember peb:ReportableSegmentMember 2025-01-01 2025-03-31 0001474098 us-gaap:OperatingSegmentsMember us-gaap:FoodAndBeverageMember peb:ReportableSegmentMember 2026-01-01 2026-03-31 0001474098 us-gaap:OperatingSegmentsMember us-gaap:FoodAndBeverageMember peb:ReportableSegmentMember 2025-01-01 2025-03-31 shares iso4217:USD iso4217:USD shares peb:property peb:hotelRoom pure peb:extensionOption peb:debtInstrument peb:vote peb:class 0001474098 --12-31 2026 Q1 false http://fasb.org/us-gaap/2025#RealEstateInvestmentPropertyNet http://fasb.org/us-gaap/2025#RealEstateInvestmentPropertyNet http://fasb.org/us-gaap/2025#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent http://fasb.org/us-gaap/2025#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent 0.0392549 0.0629129 P3Y P3Y 10-Q true 2026-03-31 false 001-34571 PEBBLEBROOK HOTEL TRUST MD 27-1055421 4747 Bethesda Avenue Suite 1100 Bethesda MD 20814 (240) 507-1300 Common Shares, $0.01 par value per share PEB NYSE Series E Cumulative Redeemable Preferred Shares, $0.01 par value PEB-PE NYSE Series F Cumulative Redeemable Preferred Shares, $0.01 par value PEB-PF NYSE Series G Cumulative Redeemable Preferred Shares, $0.01 par value PEB-PG NYSE Series H Cumulative Redeemable Preferred Shares, $0.01 par value PEB-PH NYSE Yes Yes Large Accelerated Filer false false false 113369235 4974733000 5023457000 196207000 184185000 8396000 12018000 225000 241000 39697000 34184000 85137000 94330000 5304170000 5348174000 2079334000 2124092000 215680000 199631000 333030000 333068000 113800000 104900000 19188000 12106000 11611000 11639000 2772643000 2785436000 0.01 0.01 676724000 676724000 100000000 100000000 27068962 27068962 27068962 27068962 271000 271000 0.01 0.01 500000000 500000000 112985227 112985227 113188134 113188134 1130000 1132000 3966623000 3969875000 3268000 605000 -1534069000 -1503262000 2437223000 2468621000 94304000 94117000 2531527000 2562738000 5304170000 5348174000 214525000 197010000 91143000 86310000 39988000 36946000 345656000 320266000 59515000 58523000 65459000 64568000 107114000 104123000 232088000 227214000 51979000 57543000 32791000 33273000 12041000 13226000 7688000 0 0 4303000 -1018000 -550000 337605000 327503000 8051000 -7237000 26314000 27133000 -190000 -972000 -18453000 -35342000 -17000 -3162000 -18436000 -32180000 838000 767000 -19274000 -32947000 10427000 10631000 -29701000 -43578000 -0.26 -0.26 -0.37 -0.37 113331501 113331501 119204243 119204243 -18436000 -32180000 1940000 -1840000 -765000 3800000 -15731000 -37820000 880000 821000 -16611000 -38641000 27068962 271000 113188134 1132000 3969875000 605000 -1503262000 2468621000 94117000 2562738000 71958 1000 824000 825000 825000 492314 5000 5895000 5900000 5900000 217449 2000 1819000 1821000 485000 2306000 1106000 1106000 14000 1120000 10427000 10427000 1164000 11591000 1898000 1898000 42000 1940000 -765000 -765000 -765000 -19274000 -19274000 838000 -18436000 27068962 271000 112985227 1130000 3966623000 3268000 -1534069000 2437223000 94304000 2531527000 27600000 276000 119285394 1193000 4072265000 16550000 -1392860000 2697424000 90450000 2787874000 54451 1000 744000 745000 745000 1282621 13000 14599000 14612000 14612000 221181 2000 2052000 2054000 1166000 3220000 1184000 1184000 12000 1196000 10631000 10631000 1164000 11795000 -36000 -1858000 -1894000 54000 -1840000 3800000 3800000 3800000 -32947000 -32947000 767000 -32180000 27600000 276000 118278405 1183000 4060426000 10892000 -1437622000 2635155000 91261000 2726416000 -18436000 -32180000 51979000 57543000 -17000 -3105000 2306000 3220000 4255000 2985000 7688000 0 2345000 2448000 212000 -1215000 5497000 3966000 -6472000 -4077000 23243000 5227000 9925000 12877000 84051000 50341000 11946000 20658000 3175000 0 189000 206000 -8960000 -20864000 6649000 48000 360000000 0 400761000 549000 5900000 14612000 1148000 1215000 11592000 11795000 -641000 -663000 -66691000 -28882000 8400000 595000 196203000 217591000 204603000 218186000 Organization<div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Pebblebrook Hotel Trust (the "Company") is an internally managed hotel investment company, formed as a Maryland real estate investment trust in October 2009 to opportunistically acquire and invest in hotel properties located primarily in major U.S. cities and resort properties located near our primary target urban markets and select destination resort markets, with an emphasis on major gateway coastal markets.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">As of March 31, 2026, the Company owned interests in 44 hotels with a total of 11,052 guest rooms. The hotel properties are located in: Boston, Massachusetts; Chicago, Illinois; Hollywood, Florida; Jekyll Island, Georgia; Key West, Florida; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); Naples, Florida; Newport, Rhode Island; Portland, Oregon; San Diego, California; San Francisco, California; Santa Cruz, California; Stevenson, Washington; and Washington, D.C.</span></div>Substantially all of the Company's assets are held by, and all of the Company's operations are conducted through, Pebblebrook Hotel, L.P. (the "Operating Partnership"). The Company is the sole general partner of the Operating Partnership. As of March 31, 2026, the Company owned 98.8% of the common limited partnership units issued by the Operating Partnership ("common units"). The remaining 1.2% of the common units are owned by the other limited partners of the Operating Partnership. For the Company to maintain its qualification as a real estate investment trust ("REIT") under the Internal Revenue Code of 1986, as amended (the "Code"), it cannot operate the hotels it owns. Therefore, the Operating Partnership and its subsidiaries lease the hotel properties to subsidiaries of Pebblebrook Hotel Lessee, Inc. (collectively with its subsidiaries, "PHL"), a taxable REIT subsidiary ("TRS"), which in turn engage third-party eligible independent contractors to manage the hotels. PHL is consolidated into the Company's financial statements. 44 11052 0.988 0.012 Summary of Significant Accounting Policies<div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Basis of Presentation and Principles of Consolidation</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying unaudited interim consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and in conformity with the rules and regulations of the U.S. Securities and Exchange Commission ("SEC") applicable to interim financial information. As such, certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been omitted in accordance with the rules and regulations of the SEC. These unaudited consolidated financial statements include all adjustments considered necessary for a fair presentation of the consolidated balance sheets, consolidated statements of operations and comprehensive income, consolidated statements of equity and consolidated statements of cash flows for the periods presented. Interim results are not necessarily indicative of full-year performance, as a result of the impact of seasonal and other short-term variations and the acquisitions and or dispositions of hotel properties. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Company's Annual Report on Form 10-K for the year ended December 31, 2025.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Company and its subsidiaries are separate legal entities and maintain records and books of account separate and apart from each other. The consolidated financial statements include all of the accounts of the Company and its subsidiaries and are presented in accordance with U.S. GAAP. All significant intercompany balances and transactions have been eliminated in consolidation. Investments in entities that the Company does not control, but over which the Company has the ability to exercise significant influence regarding operating and financial policies, are accounted for under the equity method.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Certain reclassifications have been made to the prior period's financial statements to conform to the current year presentation. </span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and revenues and expenses. These estimates are prepared using management's best judgment, after considering past, current and expected events and economic conditions. Actual results could differ from these estimates.</span></div><div style="margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Risks and Uncertainties</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The state of the overall economy can significantly impact hotel operational performance and thus the Company's financial position. Global events, as well as national and local events, may adversely impact travel trends and the operations of the Company's hotels. In addition, inflation and changing interest rates may impact the overall economy and the availability of debt, which may impact the Company's financial position. A decline in travel or a significant increase in costs may also adversely impact the Company's cash flow and ability to service debt or meet other financial obligations.</span></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">New Accounting Pronouncements</span></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Disaggregation of Income Statement Expenses</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">In November 2024, the FASB issued ASU 2024-03, </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"> ("ASU 2024-03"). ASU 2024-03 requires public entities to disclose specified information about certain costs and expenses. ASU 2024-03 is effective for annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027, with early adoption permitted. The amendments should be applied either retrospectively to all prior periods presented in the financial statements or prospectively after the adoption date. The Company is currently assessing the impact of adopting ASU 2024-03 on its consolidated financial statements and disclosures.</span></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Induced Conversions of Convertible Debt Instruments</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">In November 2024, the FASB issued ASU 2024-04, </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Debt—Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"> ("ASU 2024-04"). ASU 2024-04 clarifies the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as induced conversions rather than as debt extinguishments. ASU 2024-04 is effective for annual reporting periods beginning after December 15, 2025, and interim periods within those annual reporting periods, with early adoption permitted. The amendments should be applied either prospectively or retrospectively. The Company adopted ASU 2024-04 on January 1, 2026 on a prospective basis to any future settlements of convertible debt instruments.</span></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Derivatives and Hedging</span></div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%">In November 2025, the FASB issued ASU 2025-09, </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Derivatives and Hedging (Topic 815): Hedge Accounting Improvements</span> ("ASU 2025-09"). ASU 2025-09 amends existing hedge accounting guidance to improve the alignment of financial reporting with the economics of an entity's risk management activities. ASU 2025-09 is effective for annual reporting periods beginning after December 15, 2026, including interim periods within those annual reporting periods. Early adoption is permitted. The amendments in this update apply to any entity that elects to apply hedge accounting in accordance with Topic 815 and generally are to be adopted on a prospective basis, with an election available to apply the guidance to existing hedging relationships as of the adoption date. The Company adopted ASU 2025-09 on January 1, 2026 on a prospective basis. The adoption did not have a material impact on the Company's consolidated financial statements. <div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Basis of Presentation and Principles of Consolidation</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying unaudited interim consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") and in conformity with the rules and regulations of the U.S. Securities and Exchange Commission ("SEC") applicable to interim financial information. As such, certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been omitted in accordance with the rules and regulations of the SEC. These unaudited consolidated financial statements include all adjustments considered necessary for a fair presentation of the consolidated balance sheets, consolidated statements of operations and comprehensive income, consolidated statements of equity and consolidated statements of cash flows for the periods presented. Interim results are not necessarily indicative of full-year performance, as a result of the impact of seasonal and other short-term variations and the acquisitions and or dispositions of hotel properties. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Company's Annual Report on Form 10-K for the year ended December 31, 2025.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Company and its subsidiaries are separate legal entities and maintain records and books of account separate and apart from each other. The consolidated financial statements include all of the accounts of the Company and its subsidiaries and are presented in accordance with U.S. GAAP. All significant intercompany balances and transactions have been eliminated in consolidation. Investments in entities that the Company does not control, but over which the Company has the ability to exercise significant influence regarding operating and financial policies, are accounted for under the equity method.</span></div> Certain reclassifications have been made to the prior period's financial statements to conform to the current year presentation. <div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and revenues and expenses. These estimates are prepared using management's best judgment, after considering past, current and expected events and economic conditions. Actual results could differ from these estimates.</span></div> <div style="margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Risks and Uncertainties</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The state of the overall economy can significantly impact hotel operational performance and thus the Company's financial position. Global events, as well as national and local events, may adversely impact travel trends and the operations of the Company's hotels. In addition, inflation and changing interest rates may impact the overall economy and the availability of debt, which may impact the Company's financial position. A decline in travel or a significant increase in costs may also adversely impact the Company's cash flow and ability to service debt or meet other financial obligations.</span></div> <div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">New Accounting Pronouncements</span></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Disaggregation of Income Statement Expenses</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">In November 2024, the FASB issued ASU 2024-03, </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"> ("ASU 2024-03"). ASU 2024-03 requires public entities to disclose specified information about certain costs and expenses. ASU 2024-03 is effective for annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027, with early adoption permitted. The amendments should be applied either retrospectively to all prior periods presented in the financial statements or prospectively after the adoption date. The Company is currently assessing the impact of adopting ASU 2024-03 on its consolidated financial statements and disclosures.</span></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Induced Conversions of Convertible Debt Instruments</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">In November 2024, the FASB issued ASU 2024-04, </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Debt—Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"> ("ASU 2024-04"). ASU 2024-04 clarifies the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as induced conversions rather than as debt extinguishments. ASU 2024-04 is effective for annual reporting periods beginning after December 15, 2025, and interim periods within those annual reporting periods, with early adoption permitted. The amendments should be applied either prospectively or retrospectively. The Company adopted ASU 2024-04 on January 1, 2026 on a prospective basis to any future settlements of convertible debt instruments.</span></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Derivatives and Hedging</span></div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%">In November 2025, the FASB issued ASU 2025-09, </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Derivatives and Hedging (Topic 815): Hedge Accounting Improvements</span> ("ASU 2025-09"). ASU 2025-09 amends existing hedge accounting guidance to improve the alignment of financial reporting with the economics of an entity's risk management activities. ASU 2025-09 is effective for annual reporting periods beginning after December 15, 2026, including interim periods within those annual reporting periods. Early adoption is permitted. The amendments in this update apply to any entity that elects to apply hedge accounting in accordance with Topic 815 and generally are to be adopted on a prospective basis, with an election available to apply the guidance to existing hedging relationships as of the adoption date. The Company adopted ASU 2025-09 on January 1, 2026 on a prospective basis. The adoption did not have a material impact on the Company's consolidated financial statements. Acquisition and Disposition of Hotel Properties<div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Acquisitions</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%">The Company did not acquire any hotel properties during the three months ended March 31, 2026 or 2025.</span></div><div style="margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Dispositions</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%">The Company did not dispose of any hotel properties during the three months ended March 31, 2026.</span></div><div style="margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes disposition transactions during 2025 (in thousands):</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:50.583%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.824%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.824%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.469%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.824%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.935%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Hotel Property Name</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Location</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Sale Date</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Sale Price</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Montrose at Beverly Hills</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Los Angeles, CA</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">November 19, 2025</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">44,250 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">The Westin Michigan Avenue Chicago</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Chicago, IL</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">December 3, 2025</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">72,000 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:5pt;padding-left:6pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2025 Total</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">116,250 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">For the three months ended March 31, 2026 and 2025, the accompanying consolidated statements of operations and comprehensive income included operating loss of $0.1 million and $5.5 million, respectively, excluding impairment loss and gain on sale of hotel properties related to the hotel properties sold. </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The sales of the hotel properties described above did not represent a strategic shift that had a major effect on the Company's operations and financial results, and therefore, did not qualify as discontinued operations.</span></div> 0 0 0 0 <div style="margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes disposition transactions during 2025 (in thousands):</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:50.583%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.824%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.541%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.824%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.469%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.824%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.935%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Hotel Property Name</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Location</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Sale Date</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Sale Price</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Montrose at Beverly Hills</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Los Angeles, CA</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">November 19, 2025</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">44,250 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">The Westin Michigan Avenue Chicago</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Chicago, IL</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">December 3, 2025</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">72,000 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:5pt;padding-left:6pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2025 Total</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">116,250 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr></table></div> 44250000 72000000 116250000 -100000 -5500000 Investment in Hotel Properties<div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Investment in hotel properties as of March 31, 2026 and December 31, 2025 consisted of the following (in thousands):</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.590%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.689%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.691%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:700;line-height:100%">March 31, 2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:700;line-height:100%">December 31, 2025</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Land</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">752,108 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">754,384 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Buildings and improvements</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">4,997,277 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">4,995,530 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Furniture, fixtures and equipment</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">528,695 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">526,414 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Finance lease asset</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">91,181 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">91,181 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Construction in progress</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">3,717 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">1,203 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">6,372,978 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">6,368,712 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%"><span style="-sec-ix-hidden:f-382"><span style="-sec-ix-hidden:f-383">Right-of-use asset, operating leases</span></span></span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">351,424 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">353,873 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Investment in hotel properties</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">6,724,402 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">6,722,585 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Less: Accumulated depreciation</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">(1,749,669)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">(1,699,128)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Investment in hotel properties, net</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">4,974,733 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">5,023,457 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Impairment</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Company reviews its investment in hotel properties for impairment whenever events or circumstances indicate potential impairment. The Company periodically adjusts its estimate of future operating cash flows and estimated hold periods for certain properties. As a result of this review, the Company may identify an impairment trigger has occurred and assess its investment in hotel properties for recoverability. </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March 31, 2026, the Company recognized an impairment loss of $7.7 million for one hotel as a result of its fair value being lower than its carrying value. The impairment loss was determined using Level 2 inputs under authoritative guidance for fair value measurements using purchase and sale agreements and information from marketing efforts for this property. During the three months ended March 31, 2025, no impairment losses were incurred.</span></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Lease Assets and Lease Liabilities</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Company recognized right-of-use assets and related liabilities related to its ground leases, all of which are operating leases. When the rate implicit in the lease could not be determined, the Company used incremental borrowing rates, which ranged from 4.7% to 7.6%. In addition, the term used includes any options to exercise extensions when it is reasonably certain the Company will exercise such option. See </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Note 11. Commitments and Contingencies</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"> for additional information about the ground leases.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The operating lease right-of-use assets and liabilities are amortized to ground rent expense over the term of the underlying lease agreements. As of March 31, 2026, the Company's lease liabilities consisted of operating lease liabilities of $333.0 million and finance lease liabilities of $44.7 million. As of December 31, 2025, the Company's lease liabilities consisted of operating lease liabilities of $333.1 million and finance lease liabilities of $44.6 million. The finance lease liabilities are included in <span style="-sec-ix-hidden:f-401"><span style="-sec-ix-hidden:f-402">accounts payable, accrued expenses and other liabilities</span></span> on the Company's accompanying consolidated balance sheets.</span></div> <div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Investment in hotel properties as of March 31, 2026 and December 31, 2025 consisted of the following (in thousands):</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:66.590%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.689%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.691%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:700;line-height:100%">March 31, 2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:700;line-height:100%">December 31, 2025</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Land</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">752,108 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">754,384 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Buildings and improvements</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">4,997,277 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">4,995,530 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Furniture, fixtures and equipment</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">528,695 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">526,414 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Finance lease asset</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">91,181 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">91,181 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Construction in progress</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">3,717 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">1,203 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">6,372,978 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">6,368,712 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%"><span style="-sec-ix-hidden:f-382"><span style="-sec-ix-hidden:f-383">Right-of-use asset, operating leases</span></span></span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">351,424 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">353,873 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Investment in hotel properties</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">6,724,402 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">6,722,585 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Less: Accumulated depreciation</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">(1,749,669)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">(1,699,128)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Investment in hotel properties, net</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">4,974,733 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">5,023,457 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 752108000 754384000 4997277000 4995530000 528695000 526414000 91181000 91181000 3717000 1203000 6372978000 6368712000 351424000 353873000 6724402000 6722585000 1749669000 1699128000 4974733000 5023457000 7700000 1 0 0.047 0.076 333000000.0 44700000 333100000 44600000 Debt<div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%">The Company's debt consisted of the following as of March 31, 2026 and December 31, 2025 (dollars in thousands):</span></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.953%"><tr><td style="width:1.0%"></td><td style="width:34.720%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.691%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.482%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.228%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.143%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.870%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.143%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.723%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Balance Outstanding as of</span></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Interest Rate at March 31, 2026</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Maturity Date</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">March 31, 2026</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">December 31, 2025</span></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Unsecured revolving credit facilities</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Senior unsecured credit facility</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">—</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">October 2028</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">PHL unsecured credit facility</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">—</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">October 2028</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Unsecured revolving credit facilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Unsecured term loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Term Loan 2027</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">—</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">October 2027</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">360,000 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Term Loan 2028</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">5.15%</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">January 2028</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">356,652 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">356,652 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Term Loan 2029</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">4.91%</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">January 2029</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">185,217 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">185,217 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Term Loan 2031</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">5.23%</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">February 2031</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">360,000 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Unsecured term loans principal</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">901,869 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">901,869 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Convertible senior notes</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Convertible Notes 2026</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">1.75%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">December 2026</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">350,000 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">350,000 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Convertible Notes 2030</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">1.63%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">January 2030</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">400,000 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">400,000 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Convertible senior notes principal</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">750,000 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">750,000 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Unsecured senior notes principal</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">6.38%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">October 2029</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">400,000 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">400,000 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Mortgage loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Margaritaville Hollywood Beach Resort</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">—</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">September 2026</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">40,000 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Estancia La Jolla Hotel &amp; Spa</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">5.07%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">September 2028</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">52,634 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">53,395 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Mortgage loans principal</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">52,634 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">93,395 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Total debt principal</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2,104,503 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2,145,264 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Unamortized debt premium and deferred financing costs, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(25,169)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(21,172)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Debt, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2,079,334 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2,124,092 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr></table></div><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">______________________</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1)    </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:120%">Borrowings bear interest at floating rates. Interest rate at March 31, 2026 gives effect to interest rate hedges. </span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(2)    </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:120%">The Company has the option to extend the maturity date for up to two six-month periods, subject to certain terms and conditions and payment of an extension fee.</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(3)    </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:120%">In February 2026, the Company extended the maturity date of Term Loan 2027 to February 2031 (the extended loan is referred to as Term Loan 2031).</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(4)    </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:120%">In February 2026, the Company paid down the remaining loan balance.</span></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Unsecured Credit Agreement</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">On October 13, 2022, the Company entered into the Fifth Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent and certain other agents and lenders ("Credit Agreement"). The Credit Agreement provides for a $650.0 million senior unsecured revolving credit facility and three unsecured term loan facilities. The Company may request additional lender commitments to increase the aggregate borrowing capacity under the Credit Agreement up to an additional $970.0 million.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%">On February 11, 2026, the Company amended its Credit Agreement to extend the $360.0 million Term Loan 2027 to mature in February 2031 and to provide for a delayed draw option for the Company to borrow an additional $90.0 million by December 15, 2026 (the extended loan is referred to as Term Loan 2031). The Credit Facility was also amended to remove the SOFR adjustment from its senior unsecured revolving credit facility and all unsecured term loan facilities. Concurrently, the maturity date of the $48.0 million unextended portion of the senior unsecured revolving credit facility was extended to October 13, 2028.</span></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Unsecured Revolving Credit Facilities </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The $650.0 million senior unsecured revolving credit facility provided for in the Credit Agreement matures in October 2028 and provides the Company the option to extend the maturity date for up to two six-month periods, subject to certain terms and conditions and payment of an extension fee. All borrowings under this senior unsecured revolving credit facility bear interest at a rate per annum equal to, at the option of the Company, (i) the Secured Overnight Financing Rate ("SOFR") plus a margin that is based upon the Company's leverage ratio or (ii) the Base Rate (as defined by the Credit Agreement) plus a margin that is based on the Company's leverage ratio. The margins for revolving credit facility loans range in amount from 1.45% to 2.50% for SOFR-based loans and 0.45% to 1.50% for Base Rate-based loans, depending on the Company's leverage ratio. As of March 31, 2026, the Company had no outstanding borrowings, $8.8 million of outstanding letters of credit and a borrowing capacity of $641.2 million remaining on the senior unsecured revolving credit facility. The Company is required to pay an unused commitment fee at an annual rate of 0.20% or 0.30% of the unused portion of the senior unsecured revolving credit facility, depending on the amount of borrowings outstanding. The credit agreement contains certain financial covenants, including a maximum leverage ratio, a minimum fixed charge coverage ratio and a maximum percentage of secured debt to total asset value. </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Under the terms of the Credit Agreement, one or more standby letters of credit, up to a maximum aggregate outstanding balance of $30.0 million, may be issued on behalf of the Company by the lenders under the senior unsecured revolving facility. The Company pays a fee for outstanding standby letters of credit at a rate per annum equal to the applicable margin based upon the Company's leverage ratio. Any outstanding standby letters of credit reduce the available borrowings on the senior unsecured revolving credit facility by a corresponding amount. Standby letters of credit of $8.8 million and $7.9 million were outstanding as of March 31, 2026 and December 31, 2025, respectively.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">As of March 31, 2026, the Company also has a $20.0 million unsecured revolving credit facility (the "PHL Credit Facility") to be used for PHL's working capital and general corporate purposes. On November 27, 2024, PHL amended the agreement governing the PHL Credit Facility to extend the maturity to October 2028. The PHL Credit Facility has substantially similar terms as the Company's senior unsecured revolving credit facility. Borrowings on the PHL Credit Facility bear interest at a rate per annum equal to, at the option of the Company, (i) SOFR plus a margin that is based upon the Company's leverage ratio or (ii) the Base Rate (as defined by the Credit Agreement) plus a margin that is based on the Company's leverage ratio. The PHL Credit Facility is subject to debt covenants substantially similar to the covenants under the Credit Agreement, which governs the Company's senior unsecured revolving credit facility. As of March 31, 2026, the Company had no borrowings under the PHL Credit Facility and had $20.0 million borrowing capacity remaining available under the PHL Credit Facility.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">As of March 31, 2026, the Company was in compliance with all debt covenants of the credit agreements that govern the unsecured revolving credit facilities.</span></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Unsecured Term Loan Facilities </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The term loan facilities provided for in the Credit Agreement bear interest at a rate per annum equal to, at the option of the Company, (i) SOFR plus a margin that is based upon the Company's leverage ratio or (ii) the Base Rate (as defined by the Credit Agreement) plus a margin that is based on the Company's leverage ratio. The margins for term loans range in amount from 1.45% to 2.45% for SOFR-based loans and 0.40% to 1.45% for Base Rate-based loans, depending on the Company's leverage ratio. The term loans are subject to the debt covenants in the Credit Agreement. As of March 31, 2026, the Company was in compliance with all debt covenants of its term loans. </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Company entered into interest rate swap agreements to fix the SOFR rate on a portion of these unsecured term loan facilities. See </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Derivative and Hedging Activities</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"> for further discussion on the interest rate swaps. </span></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Convertible Senior Notes due 2026</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Company has $350.0 million aggregate principal amount of 1.75% Convertible Senior Notes due December 2026 (the "Convertible Notes 2026") outstanding. The Convertible Notes 2026 are governed by an indenture between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee, and bear interest at a rate of 1.75% per annum, payable semi-annually in arrears on June 15th and December 15th of each year. As of March 31, 2026 and December 31, 2025, the Convertible Notes 2026 had $0.3 million and $0.4 million, respectively, of unamortized issuance costs outstanding. </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Prior to June 15, 2026, the Convertible Notes 2026 are convertible upon certain circumstances. On and after June 15, 2026, holders may convert any of their Convertible Notes 2026 into the Company's common shares of beneficial interest ("common shares") at the applicable conversion rate at any time at their election until two days prior to the maturity date. The initial conversion rate is 39.2549 common shares per $1,000 principal amount of Convertible Notes 2026, which represents an initial conversion price of approximately $25.47 per share. The conversion rate is subject to adjustment in certain circumstances. Upon conversion of the Convertible Notes 2026, the Company may choose to pay or deliver cash, common shares or a combination of cash and shares. As of March 31, 2026 and December 31, 2025, the if-converted value of the Convertible Notes 2026 did not exceed the principal amount.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Company may redeem for cash all or a portion of the Convertible Notes 2026, at its option, upon certain circumstances. The redemption price will be equal to 100% of the principal amount of the convertible notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. If certain make-whole fundamental changes occur, the conversion rate for the Convertible Notes 2026 may be increased.</span></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Convertible Senior Notes due 2030</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Company has $400.0 million aggregate principal amount of 1.625% Convertible Senior Notes 2030 due January 2030 (the "Convertible Notes 2030") outstanding. The Convertible Notes 2030 are governed by an indenture between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee, and bear interest at a rate of 1.625% per annum, payable semi-annually in arrears on January 15th and July 15th of each year. As of March 31, 2026 and December 31, 2025, the Convertible Notes 2030 had $9.2 million and $9.8 million, respectively, of unamortized issuance costs outstanding.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Prior to July 15, 2029, the Convertible Notes 2030 are convertible upon certain circumstances. On and after July 15, 2029, holders may convert any of their Convertible Notes 2030 into the Company's common shares at the applicable conversion rate at any time at their election until two days prior to the maturity date. The initial conversion rate is 62.9129 common shares per $1,000 principal amount of Convertible Notes 2030, which represents an initial conversion price of approximately $15.89 per share. The conversion rate is subject to adjustment in certain circumstances. Upon conversion of the Convertible Notes 2030, the Company will settle the conversion by paying cash up to the aggregate principal amount of the Convertible Notes 2030 to be converted and cash, common shares or a combination of cash and common shares, at the Company's election, with respect to the remainder, if any, of the conversion obligation in excess of the aggregate principal amount. As of March 31, 2026 and December 31, 2025, the if-converted value of the Convertible Notes 2030 did not exceed the principal amount.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Prior to July 20, 2028, the Company may not redeem the Convertible Notes 2030. On or after July 20, 2028, the Company may redeem for cash all or a portion of the Convertible Notes 2030, at its option, upon certain circumstances. The redemption price will be equal to 100% of the principal amount of the convertible notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. If certain make-whole fundamental changes occur, the conversion rate for the Convertible Notes 2030 may be increased.</span></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Capped Call Transactions in Connection with the Convertible Senior Notes</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">In connection with the issuances of the Convertible Notes 2026 and the Convertible Notes 2030, the Company entered into privately negotiated capped call transactions. The capped call transactions cover, subject to anti-dilution adjustments substantially similar to those applicable to the convertible notes, the number of common shares underlying the applicable convertible note instrument. The capped call transactions are expected generally to reduce the potential dilution to holders of common shares upon conversion of the applicable convertible notes and/or offset the potential cash payments that the Company could be required to make in excess of the principal amount of any converted applicable convertible notes upon conversion thereof, with such reduction and/or offset subject to a cap. The upper strike price of the capped call transactions is $33.0225 per share for the Convertible Notes 2026 and $20.23 per share for the Convertible Notes 2030. Premiums paid for the capped call transactions were included as a net reduction to additional paid-in capital in the Company's accompanying consolidated balance sheets. The Company is exposed to credit risk in the event of non-performance by the counterparties to the capped call agreements. The Company believes it minimizes the credit risk by transacting with major creditworthy financial institutions.</span></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Unsecured Senior Notes </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%">On October 3, 2024, the Company issued $400.0 million aggregate principal amount of its 6.375% senior notes due October 15, 2029 (the "Senior Notes 2029"). The indenture governing the Senior Notes 2029 contains covenants that are customary for similar securities and require the Company to maintain total unencumbered assets as of the end of each fiscal quarter of not less than 150% of total unsecured indebtedness calculated on a consolidated basis. As of March 31, 2026, the Company was in compliance with all such covenants.</span></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Mortgage Loans</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">On December 1, 2021, the Company assumed a $61.7 million loan secured by a first-lien mortgage on the leasehold interest of Estancia La Jolla Hotel &amp; Spa ("Estancia"). The loan requires both principal and interest monthly payments based on a fixed interest rate of 5.07%. The loan matures on September 1, 2028.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">On September 7, 2023, the Company entered into a $140.0 million loan secured by a first-lien mortgage on the leasehold interest of Margaritaville Hollywood Beach Resort. In February 2026, the Company paid down the remaining $40.0 million of the loan.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Company's mortgage loan associated with Estancia is non-recourse to the Company except for customary carve-outs to the general non-recourse liability. The loan contains customary provisions regarding events of default, as well as customary cash management, cash trap and lockbox provisions. Cash trap provisions are triggered if the hotel's performance is below a certain threshold. Once triggered, all of the cash flow generated by the hotel is deposited directly into lockbox accounts and then swept into cash management accounts for the benefit of the lender. The property is not in a cash trap and no event of default has occurred under the loan documents.</span></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Interest Expense</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The components of the Company's interest expense consisted of the following for the three months ended March 31, 2026 and 2025 (in thousands):</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:66.788%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:14.589%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.590%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">For the three months ended <br/>March 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"><span id="i13b38c55dd814fdba76a0b683946747c_1-0-1-1-256641"></span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">2026</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">2025</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Unsecured revolving credit facilities</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">527 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">497 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Unsecured term loans</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">10,963 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">10,971 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Convertible senior notes</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">3,156 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">3,281 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Unsecured senior notes</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">6,375 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">6,192 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Mortgage loans</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">992 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">3,163 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Amortization of debt (premium), deferred financing fees and loss on debt extinguishment</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">3,171 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">1,910 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Other</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">1,130 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">1,119 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Total interest expense</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">26,314 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">27,133 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Fair Value</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Company estimates the fair value of its fixed rate mortgage loan and unsecured senior notes by discounting the future cash flows of each instrument at estimated market rates, taking into consideration general market conditions and maturity of the debt with similar credit terms, and is classified within Level 2 of the fair value hierarchy. The Company estimates the fair value of its fixed rate convertible senior notes using public market prices and is classified within Level 1 of the fair value hierarchy. The estimated fair value of the Company's fixed rate debt (unsecured senior notes, convertible senior notes and the Estancia mortgage loan) as of March 31, 2026 and December 31, 2025 was $1.2 billion. The fair value of the Company's variable rate debt approximates its carrying value.</span></div><div style="margin-bottom:5pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Future Minimum Principal Payments</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">As of March 31, 2026, the future minimum principal payments for the Company's debt are as follows (in thousands):</span></div><div style="margin-top:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:79.016%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.784%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2026</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">351,740 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2027</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2,440 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2028</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">405,106 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2029</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">585,217 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2030</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">400,000 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Thereafter</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">360,000 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Total debt principal payments</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2,104,503 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Unamortized debt premium and deferred financing costs, net</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(25,169)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Debt, net</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2,079,334 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Derivative and Hedging Activities</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Company enters into interest rate swap agreements to hedge against interest rate fluctuations. All of the Company's interest rate swaps are designated as cash flow hedges. All unrealized gains and losses on these hedging instruments are reported in accumulated other comprehensive income (loss) and are subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Company's interest rate swaps at March 31, 2026 and December 31, 2025 consisted of the following, by maturity date (dollars in thousands):</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:22.179%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.824%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.055%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.824%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.055%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.824%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.055%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.824%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.060%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="9" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Aggregate Notional Value as of </span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Hedge Type</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Interest Rate Range (SOFR)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Maturity</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">March 31, 2026</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">December 31, 2025</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Swap-cash flow</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">3.02% - 3.03%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">October 2026</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">200,000 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">200,000 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Swap-cash flow</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">3.29%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">October 2027</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">165,000 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">165,000 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Swap-cash flow</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">3.34%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">November 2027</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">200,000 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">200,000 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Swap-cash flow</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">3.28% - 3.29%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">March 2028</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">200,000 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Swap-cash flow</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">3.54% - 3.55%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">May 2028</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">100,000 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">100,000 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Total</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">865,000 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">665,000 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%">The Company records all derivative instruments at fair value in the accompanying consolidated balance sheets. Fair values of interest rate swaps are determined using the standard market methodology of netting the discounted future fixed cash receipts/payments and the discounted expected variable cash payments/receipts. Variable interest rates used in the calculation of projected receipts and payments on the swaps are based on an expectation of future interest rates derived from observable market interest rate curves (Overnight Index Swap curves) and volatilities (Level 2 inputs). Derivatives expose the Company to credit risk in the event of non-performance by the counterparties under the terms of the interest rate hedge agreements. The Company incorporates these counterparty credit risks in its fair value measurements. The Company believes it minimizes the credit risk by transacting with major creditworthy financial institutions. </span></div>As of March 31, 2026 and December 31, 2025, the Company's interest rate swap assets had an aggregate fair value of $3.3 million and $0.7 million, respectively. As of March 31, 2026 and December 31, 2025, the Company's interest rate swap liabilities had an aggregate fair value of zero and $0.9 million, respectively. Interest rate swap assets are included in prepaid expenses and other assets and interest rate swap liabilities are included in accounts payable, accrued expenses and other liabilities in the accompanying consolidated balance sheets. The Company expects approximately $2.6 million will be reclassified from accumulated other comprehensive income (loss) to interest expense within the next 12 months. <div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%">The Company's debt consisted of the following as of March 31, 2026 and December 31, 2025 (dollars in thousands):</span></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.953%"><tr><td style="width:1.0%"></td><td style="width:34.720%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.691%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.482%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.228%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.143%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.870%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.143%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.723%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Balance Outstanding as of</span></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Interest Rate at March 31, 2026</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Maturity Date</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">March 31, 2026</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">December 31, 2025</span></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Unsecured revolving credit facilities</span></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Senior unsecured credit facility</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">—</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)(2)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">October 2028</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">PHL unsecured credit facility</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">—</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">October 2028</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Unsecured revolving credit facilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Unsecured term loans</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Term Loan 2027</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">—</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">October 2027</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">360,000 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Term Loan 2028</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">5.15%</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">January 2028</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">356,652 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">356,652 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Term Loan 2029</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">4.91%</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">January 2029</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">185,217 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">185,217 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Term Loan 2031</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">5.23%</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)(3)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">February 2031</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">360,000 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Unsecured term loans principal</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">901,869 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">901,869 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Convertible senior notes</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Convertible Notes 2026</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">1.75%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">December 2026</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">350,000 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">350,000 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Convertible Notes 2030</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">1.63%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">January 2030</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">400,000 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">400,000 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Convertible senior notes principal</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">750,000 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">750,000 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Unsecured senior notes principal</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">6.38%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">October 2029</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">400,000 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">400,000 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Mortgage loans</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Margaritaville Hollywood Beach Resort</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">—</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="margin-bottom:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(4)</span></div></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">September 2026</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">40,000 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Estancia La Jolla Hotel &amp; Spa</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">5.07%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">September 2028</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">52,634 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">53,395 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Mortgage loans principal</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">52,634 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">93,395 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Total debt principal</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2,104,503 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2,145,264 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Unamortized debt premium and deferred financing costs, net</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(25,169)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(21,172)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Debt, net</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2,079,334 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2,124,092 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr></table></div><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">______________________</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1)    </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:120%">Borrowings bear interest at floating rates. Interest rate at March 31, 2026 gives effect to interest rate hedges. </span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(2)    </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:120%">The Company has the option to extend the maturity date for up to two six-month periods, subject to certain terms and conditions and payment of an extension fee.</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(3)    </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:120%">In February 2026, the Company extended the maturity date of Term Loan 2027 to February 2031 (the extended loan is referred to as Term Loan 2031).</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(4)    </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:120%">In February 2026, the Company paid down the remaining loan balance.</span></div> 0 0 0 0 0 0 0 0 0 0 360000000 0.0515 356652000 356652000 0.0491 185217000 185217000 0.0523 360000000 0 901869000 901869000 0.0175 350000000 350000000 0.0163 400000000 400000000 750000000 750000000 0.0638 400000000 400000000 0 0 40000000 0.0507 52634000 53395000 52634000 93395000 2104503000 2145264000 25169000 21172000 2079334000 2124092000 2 P6M 650000000.0 3 970000000.0 360000000.0 90000000.0 48000000.0 650000000.0 2 P6M 0.0145 0.0250 0.0045 0.0150 0 8800000 641200000 0.0020 0.0030 30000000.0 8800000 7900000 20000000.0 0 20000000.0 0.0145 0.0245 0.0040 0.0145 350000000.0 0.0175 0.0175 300000 400000 P2D 25.47 1 400000000.0 0.01625 0.01625 9200000 9800000 P2D 15.89 1 33.0225 20.23 400000000.0 0.06375 1.50 61700000 0.0507 140000000.0 40000000.0 <div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The components of the Company's interest expense consisted of the following for the three months ended March 31, 2026 and 2025 (in thousands):</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:66.788%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:14.589%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.590%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">For the three months ended <br/>March 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"><span id="i13b38c55dd814fdba76a0b683946747c_1-0-1-1-256641"></span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">2026</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">2025</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Unsecured revolving credit facilities</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">527 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">497 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Unsecured term loans</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">10,963 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">10,971 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Convertible senior notes</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">3,156 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">3,281 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Unsecured senior notes</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">6,375 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">6,192 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Mortgage loans</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">992 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">3,163 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Amortization of debt (premium), deferred financing fees and loss on debt extinguishment</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">3,171 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">1,910 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Other</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">1,130 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">1,119 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Total interest expense</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">26,314 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">27,133 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr></table></div> 527000 497000 10963000 10971000 3156000 3281000 6375000 6192000 992000 3163000 3171000 1910000 1130000 1119000 26314000 27133000 1200000000 1200000000 <div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">As of March 31, 2026, the future minimum principal payments for the Company's debt are as follows (in thousands):</span></div><div style="margin-top:12pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:79.016%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.784%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2026</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">351,740 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2027</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2,440 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2028</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">405,106 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2029</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">585,217 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2030</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">400,000 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Thereafter</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">360,000 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Total debt principal payments</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2,104,503 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Unamortized debt premium and deferred financing costs, net</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(25,169)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Debt, net</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2,079,334 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 351740000 2440000 405106000 585217000 400000000 360000000 2104503000 25169000 2079334000 <div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Company's interest rate swaps at March 31, 2026 and December 31, 2025 consisted of the following, by maturity date (dollars in thousands):</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:22.179%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.824%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.055%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.824%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.055%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.824%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.055%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.824%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.060%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="9" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Aggregate Notional Value as of </span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Hedge Type</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Interest Rate Range (SOFR)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Maturity</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">March 31, 2026</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">December 31, 2025</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Swap-cash flow</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">3.02% - 3.03%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">October 2026</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">200,000 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">200,000 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Swap-cash flow</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">3.29%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">October 2027</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">165,000 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">165,000 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Swap-cash flow</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">3.34%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">November 2027</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">200,000 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">200,000 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Swap-cash flow</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">3.28% - 3.29%</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">March 2028</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">200,000 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Swap-cash flow</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">3.54% - 3.55%</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">May 2028</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">100,000 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">100,000 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Total</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">865,000 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">665,000 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 0.0302 0.0303 200000000 200000000 0.0329 165000000 165000000 0.0334 200000000 200000000 0.0328 0.0329 200000000 0 0.0354 0.0355 100000000 100000000 865000000 665000000 3300000 700000 0 900000 2600000 Revenue<div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Company presents revenue on a disaggregated basis in the accompanying consolidated statements of operations and comprehensive income. The following table presents revenues by geographic location for the three months ended March 31, 2026 and 2025 (in thousands): </span></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:66.835%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:14.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.532%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.567%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">For the three months ended <br/>March 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">2026</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">2025</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Southern Florida/Georgia</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">89,545 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">85,455 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">San Diego, CA</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">83,322 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">75,211 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">San Francisco, CA</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">47,481 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">33,741 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Boston, MA</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">45,336 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">46,773 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Los Angeles, CA</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">42,302 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">34,297 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Portland, OR</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">13,549 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">12,797 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Washington, D.C.</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">12,346 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">15,000 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Other</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">11,775 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">16,992 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Total Revenues</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">345,656 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">320,266 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">______________________</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:120%">     Other includes: Chicago, IL, Newport, RI and Santa Cruz, CA</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:120%">.</span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:115%">Payments from customers are primarily made when services are provided. Due to the short-term nature of the Company's contracts (other than membership contracts) and the almost simultaneous receipt of payment, almost all of the contract liability balance at the beginning of the period is expected to be recognized as revenue over the following 12 months. Membership deposits, which are received pursuant to membership contracts, are recognized as revenue over the expected life of the membership.</span></div> The following table presents revenues by geographic location for the three months ended March 31, 2026 and 2025 (in thousands): <div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:66.835%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:14.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.532%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.567%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">For the three months ended <br/>March 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">2026</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">2025</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Southern Florida/Georgia</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">89,545 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">85,455 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">San Diego, CA</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">83,322 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">75,211 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">San Francisco, CA</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">47,481 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">33,741 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Boston, MA</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">45,336 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">46,773 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Los Angeles, CA</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">42,302 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">34,297 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Portland, OR</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">13,549 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">12,797 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Washington, D.C.</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">12,346 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">15,000 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Other</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">11,775 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">16,992 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Total Revenues</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">345,656 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">320,266 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">______________________</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:120%">     Other includes: Chicago, IL, Newport, RI and Santa Cruz, CA</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:120%">.</span></div> 89545000 85455000 83322000 75211000 47481000 33741000 45336000 46773000 42302000 34297000 13549000 12797000 12346000 15000000 11775000 16992000 345656000 320266000 P12M Equity<div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Common Shares</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Company is authorized to issue up to 500,000,000 common shares. Each outstanding common share entitles the holder to one vote on each matter submitted to a vote of shareholders. Holders of common shares are entitled to receive dividends when authorized by the Board of Trustees.</span></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Common Share Repurchase Program</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">On October 21, 2025, the Company's Board of Trustees authorized a common share repurchase program of up to $150.0 million of common shares. Under this program, the Company may repurchase common shares from time to time in transactions on the open market or by private agreement. The Company may suspend or discontinue this program at any time. Common shares repurchased by the Company cease to be outstanding and become authorized but unissued common shares. During the three months ended March 31, 2026, the Company repurchased 405,821 common shares for an aggregate purchase price of $4.9 million, or an average of approximately $12.12 per share. As of March 31, 2026, $145.1 million of common shares remained available for repurchase under this program.</span></div><div style="margin-bottom:5pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Common Dividends</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Company declared the following dividends on common shares/units for the three months ended March 31, 2026:</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.269%"><tr><td style="width:1.0%"></td><td style="width:23.642%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.830%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.905%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.830%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.905%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.830%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.058%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Dividend per Share/Unit</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">For the Quarter Ended</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Record Date</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Payable Date</span></td></tr><tr><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">0.01 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">March 31, 2026</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">March 31, 2026</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">April 15, 2026</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Preferred Shares</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Company is authorized to issue up to 100,000,000 preferred shares of beneficial interest, $0.01 par value per share ("preferred shares"). </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The following preferred shares were outstanding as of March 31, 2026 and December 31, 2025:</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.561%"><tr><td style="width:1.0%"></td><td style="width:66.447%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.612%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.827%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.614%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Security Type</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">March 31, 2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">December 31, 2025</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">6.375% Series E</span></div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">4,265,374 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">4,265,374 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">6.30% Series F</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">5,890,475 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">5,890,475 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">6.375% Series G</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">9,085,949 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">9,085,949 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">5.70% Series H</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">7,827,164 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">7,827,164 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">27,068,962 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">27,068,962 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Series E, Series F, Series G and Series H Cumulative Redeemable Preferred Shares (collectively, the "Preferred Shares") rank senior to the common shares and on parity with each other with respect to payment of distributions. The Preferred Shares do not have any maturity date and are not subject to mandatory redemption. The Company may redeem the Series E and Series F Preferred Shares at any time. The Series G and Series H Preferred Shares may not be redeemed prior to May 13, 2026 and July 27, 2026, respectively, except in limited circumstances relating to the Company's continuing qualification as a REIT or as discussed below. On or after such dates, the Company may, at its option, redeem the Preferred Shares, in each case in whole or from time to time in part, by payment of $25.00 per share, plus any accumulated, accrued and unpaid distributions through the date of redemption. Upon the occurrence of a change of control, as defined in the Company's declaration of trust, the result of which the common shares and the common securities of the acquiring or surviving entity are not listed on the New York Stock Exchange, the NYSE American or Nasdaq, or any successor exchanges, the Company may, at its option, redeem the Preferred Shares in whole or in part within 120 days following the change of control by paying $25.00 per share, plus any accrued and unpaid distributions through the date of redemption. If the Company does not exercise its right to redeem the Preferred Shares upon a change of control, the holders of the Preferred Shares have the right to convert some or all of their shares into a number of common shares based on defined formulas subject to share caps. The share cap on each Series E Preferred Share is 1.9372 common shares, on each Series F Preferred Share is 2.0649 common shares, on each Series G Preferred Share is 2.1231 common shares, and on each Series H Preferred Share is 2.2311 common shares. </span></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Preferred Share Repurchase Program</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">On February 17, 2023, the Company's Board of Trustees authorized a share repurchase program of up to $100.0 million of the Preferred Shares. Under the terms of the program, the Company may repurchase up to an aggregate of $100.0 million of its 6.375% Series E Cumulative Redeemable Preferred Shares, 6.30% Series F Cumulative Redeemable Preferred Shares, 6.375% Series G Cumulative Redeemable Preferred Shares and 5.70% Series H Cumulative Redeemable Preferred Shares from time to time in transactions on the open market or by private agreement. </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">During the three months ended March 31, 2026, no Preferred Shares were repurchased. As of March 31, 2026, $74.1 million of Preferred Shares remained available for repurchase under this program. </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The timing, manner, price and amount of any repurchases will be determined by the Company in its discretion and will depend on a variety of factors, including legal requirements, price, liquidity and economic considerations, and market conditions. The program does not require the Company to repurchase any specific number of Preferred Shares. The program does not have an expiration date and may be suspended, modified or discontinued at any time.</span></div><div style="margin-bottom:5pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Preferred Dividends</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Company declared the following dividends on preferred shares for the three months ended March 31, 2026:</span></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.269%"><tr><td style="width:1.0%"></td><td style="width:18.929%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.830%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.425%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.830%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.340%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.830%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.340%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.830%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Security Type</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Dividend per Share/Unit</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">For the Quarter Ended</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Record Date</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Payable Date</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">6.375% Series E</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">0.40 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">March 31, 2026</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">March 31, 2026</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">April 15, 2026</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">6.30% Series F</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">0.39 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">March 31, 2026</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">March 31, 2026</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">April 15, 2026</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">6.375% Series G</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">0.40 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">March 31, 2026</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">March 31, 2026</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">April 15, 2026</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">5.70% Series H</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">0.36 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">March 31, 2026</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">March 31, 2026</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">April 15, 2026</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Non-controlling Interest of Common Units in Operating Partnership</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Holders of Operating Partnership units ("OP units") have certain redemption rights that enable OP unit holders to cause the Operating Partnership to redeem their units in exchange for, at the Company's option, cash per unit equal to the market price of common shares at the time of redemption or common shares on a one-for-one basis. The number of shares issuable upon exercise of the redemption rights will be adjusted upon the occurrence of share splits, mergers, consolidations or similar pro-rata share transactions, which otherwise would have the effect of diluting the ownership interests of the Operating Partnership's limited partners or the Company's shareholders.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">On May 11, 2022, in connection with the acquisition of Inn on Fifth in Naples, Florida, the Company issued 16,291 OP units.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">As of March 31, 2026 and December 31, 2025, the Operating Partnership had 16,291 OP units held by third parties, excluding LTIP units.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%">As of March 31, 2026, the Operating Partnership had two classes of long-term incentive partnership units ("LTIP units"), LTIP Class A units and LTIP Class B units. All of the outstanding LTIP units are held by officers of the Company.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%">On February 7, 2025, the Board of Trustees granted time-vesting restricted awards of 159,594 LTIP Class B units to executive officers.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%">On February 5, 2026, the Board of Trustees granted time-vesting restricted awards of 183,587 LTIP Class B units to executive officers.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">As of March 31, 2026, the Operating Partnership had 1,338,018 LTIP units outstanding, of which 1,002,586 LTIP units have vested. As of December 31, 2025, the Operating Partnership had 1,154,431 LTIP units outstanding, of which 710,156 LTIP units have vested. Only vested LTIP units may be converted to OP units, which in turn can be tendered for redemption as described above.</span></div><div style="margin-bottom:5pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Non-controlling Interest of Preferred Units in Operating Partnership</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">On May 11, 2022, in connection with the acquisition of Inn on Fifth, the Company issued 3,104,400 preferred units in the Operating Partnership, designated as 6.0% Series Z Cumulative Perpetual Preferred Units ("Series Z Preferred Units"). The Series Z Preferred Units rank senior to the OP units and on parity with the Operating Partnership's Series E, Series F, Series G and Series H Preferred Units. Holders of Series Z Preferred Units are entitled to receive quarterly distributions at an annual rate of 6.0% of the liquidation preference value of $25.00 per share.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">At any time, holders of Series Z Preferred Units may elect to convert some or all of their units into any other series of the Operating Partnership's preferred units outstanding at that time. After the second anniversary of the issuance of the Series Z Preferred Units, holders may elect to redeem some or all of their units for, at the Company's election, cash, common shares having an equivalent value or preferred shares on a one-for-one basis. After May 11, 2029, the Company may redeem the Series Z Preferred Units for cash, common shares having an equivalent value or preferred shares on a one-for-one basis. At any time following a change of control of the Company, holders of Series Z Preferred Units may elect to redeem some or all of their units for, at the Company's election, cash or common shares having an equivalent value.</span></div>As of March 31, 2026 and December 31, 2025, the Operating Partnership had 3,104,400 Series Z Preferred Units outstanding. 500000000 1 150000000.0 405821 4900000 12.12 145100000 <div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Company declared the following dividends on common shares/units for the three months ended March 31, 2026:</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.269%"><tr><td style="width:1.0%"></td><td style="width:23.642%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.830%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.905%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.830%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.905%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.830%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.058%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Dividend per Share/Unit</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">For the Quarter Ended</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Record Date</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Payable Date</span></td></tr><tr><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">0.01 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">March 31, 2026</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">March 31, 2026</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">April 15, 2026</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Company declared the following dividends on preferred shares for the three months ended March 31, 2026:</span></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.269%"><tr><td style="width:1.0%"></td><td style="width:18.929%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.830%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.425%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.830%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.340%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.830%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.340%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.830%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Security Type</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Dividend per Share/Unit</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">For the Quarter Ended</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Record Date</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Payable Date</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">6.375% Series E</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">0.40 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">March 31, 2026</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">March 31, 2026</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">April 15, 2026</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">6.30% Series F</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">0.39 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">March 31, 2026</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">March 31, 2026</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">April 15, 2026</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">6.375% Series G</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">0.40 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">March 31, 2026</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">March 31, 2026</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">April 15, 2026</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">5.70% Series H</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">0.36 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">March 31, 2026</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">March 31, 2026</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">April 15, 2026</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> 0.01 100000000 0.01 <div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The following preferred shares were outstanding as of March 31, 2026 and December 31, 2025:</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.561%"><tr><td style="width:1.0%"></td><td style="width:66.447%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.612%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.827%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.614%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Security Type</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">March 31, 2026</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">December 31, 2025</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">6.375% Series E</span></div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">4,265,374 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">4,265,374 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">6.30% Series F</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">5,890,475 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">5,890,475 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">6.375% Series G</span></div></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">9,085,949 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">9,085,949 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">5.70% Series H</span></div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">7,827,164 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">7,827,164 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">27,068,962 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">27,068,962 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 0.06375 4265374 4265374 0.0630 5890475 5890475 0.06375 9085949 9085949 0.0570 7827164 7827164 27068962 27068962 25.00 25.00 25.00 25.00 P120D P120D P120D P120D 25.00 25.00 25.00 25.00 1.9372 2.0649 2.1231 2.2311 100000000.0 100000000.0 0.06375 0.0630 0.06375 0.0570 0 74100000 0.06375 0.40 0.0630 0.39 0.06375 0.40 0.0570 0.36 1 16291 16291 16291 2 159594 183587 1338018 1002586 1154431 710156 3104400 0.060 0.060 25.00 1 1 3104400 3104400 Share-Based Compensation Plan<div style="margin-top:4pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Available Shares</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Company maintains the 2009 Equity Incentive Plan (as amended and restated effective May 23, 2025, the "Plan") to attract and retain independent trustees, executive officers and other key employees and service providers. The Plan provides for the grant of options to purchase common shares, share awards, share appreciation rights, performance units and other equity-based awards. Share awards under the Plan vest over a period determined by the Board of Trustees, generally over <span style="-sec-ix-hidden:f-664">three</span> to five years. The Company pays or accrues for dividends on share-based awards. All outstanding share awards are subject to full or partial accelerated vesting upon a change in control and upon death or disability or certain other employment termination events as set forth in the award agreements. </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">As of March 31, 2026, there were 3,468,815 common shares available for issuance under the Plan.</span></div><div style="margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Service Condition Share Awards</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">From time to time, the Company awards restricted common shares under the Plan to officers, employees and new members of the Board of Trustees. These shares generally vest over <span style="-sec-ix-hidden:f-667">three</span> to five years based on continued service or employment. The following table provides a summary of service condition restricted share activity for the three months ended March 31, 2026:</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.660%"><tr><td style="width:1.0%"></td><td style="width:65.816%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.917%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.847%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.920%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Shares</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Weighted-Average<br/>Grant Date<br/> Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Unvested at December 31, 2025</span></div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">399,625 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">15.28 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Granted</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">206,338 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">11.91 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Vested</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(215,397)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">16.47 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Unvested at March 31, 2026</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">390,566 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">12.84 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">For the three months ended March 31, 2026 and 2025, the Company recognized approximately $0.6 million and </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">$0.7 million</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">, respectively, of share-based compensation expense related to these awards as presented in the accompanying consolidated statements of operations and comprehensive income. </span></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Performance-Based Equity Awards</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">On February 5, 2026, the Board of Trustees approved a target award of 393,872 performance-based equity awards to officers and employees of the Company. These awards will vest, if at all, in 2029. The actual number of common shares that ultimately vest will be from 0% to 200% of the target award and will be determined in 2029 based on the performance criteria set forth in the award agreements for the period of performance from January 1, 2026 through December 31, 2028.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">For the three months ended March 31, 2026 and 2025, the Company recognized approximately $1.3 million of share-based compensation expense related to these performance-based equity awards as presented in the accompanying consolidated statements of operations and comprehensive income.</span></div><div style="margin-bottom:5pt;margin-top:5pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Long-Term Incentive Partnership Units</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">As of March 31, 2026, the Operating Partnership had two classes of LTIP units, LTIP Class A units and LTIP Class B units. All of the outstanding LTIP units are held by officers of the Company.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%">On February 5, 2026, the Board of Trustees granted 183,587 LTIP Class B units to executive officers. These LTIP units will vest ratably on January 1, 2027, 2028 and 2029, contingent upon continued employment with the Company. The fair value of each award was determined based on the closing price of the Company's common shares on the grant date of $11.89 per unit with an aggregate grant date fair value of $2.2 million.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%">As of March 31, 2026, the Operating Partnership had 1,338,018 LTIP units outstanding, of which 1,002,586 LTIP units have vested. As of December 31, 2025, the Operating Partnership had 1,154,431 LTIP units outstanding, of which 710,156 LTIP units have vested. Only vested LTIP units may be converted to OP units, which in turn can be tendered for redemption as described in </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:112%">Note 7. Equity</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%">.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%">For the three months ended March 31, 2026 and 2025, the Company recognized approximately $0.5 million and $1.2 million, respectively, in expense related to these LTIP units. The aggregate expense related to the LTIP unit grants is presented as non-controlling interest in the Company's accompanying consolidated balance sheets.</span></div> P5Y 3468815 P5Y The following table provides a summary of service condition restricted share activity for the three months ended March 31, 2026:<div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.660%"><tr><td style="width:1.0%"></td><td style="width:65.816%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.917%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.847%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.920%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Shares</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Weighted-Average<br/>Grant Date<br/> Fair Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Unvested at December 31, 2025</span></div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">399,625 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">15.28 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Granted</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">206,338 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">11.91 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Vested</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(215,397)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">16.47 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Unvested at March 31, 2026</span></div></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">390,566 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">12.84 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 399625 15.28 206338 11.91 215397 16.47 390566 12.84 600000 700000 393872 0 2 1300000 1300000 2 183587 11.89 2200000 1338018 1002586 1154431 710156 500000 1200000 Income Taxes<div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%">As a REIT, the Company generally is not subject to federal corporate income tax on that portion of its taxable income that is currently distributed to shareholders. However, as a REIT, the Company is still subject to certain state and local taxes on its revenues, income and property, and to federal income and excise taxes on its undistributed taxable income. In addition, taxable income of TRSs, including our TRS lessees, is subject to federal, state and local income taxes. A valuation allowance on deferred tax assets is recorded when the Company has determined it more likely than not that future results will not generate sufficient taxable income to realize the deferred tax assets for each jurisdiction.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:112%">The Company files tax returns as prescribed by the tax laws of the jurisdictions in which it operates. In the normal course of business, the Company is subject to examination by federal, state and local jurisdictions, where applicable. Due to the net operating loss carryforward, tax years 2020 through 2025 remain open to examination by the major taxing jurisdictions to which the Company is subject.</span></div> Earnings (Loss) Per Share<div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The following is a reconciliation of basic and diluted earnings (loss) per common share (in thousands, except share and per-share data):</span></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:66.249%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:14.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.117%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.568%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">For the three months ended <br/>March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">2026</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Numerator:</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Net income (loss) attributable to common shareholders</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(29,701)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(43,578)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Less: Dividends paid on unvested share-based compensation</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(7)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(9)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Net income (loss) available to common shareholders — basic and diluted</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(29,708)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(43,587)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Denominator:</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Weighted-average number of common shares — basic and diluted</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">113,331,501 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">119,204,243 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Net income (loss) per share available to common shareholders — basic and diluted</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(0.26)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(0.37)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">For the three months ended March 31, 2026 and 2025, 1,453,598 and 1,390,560, respectively, of unvested service condition restricted shares and performance-based equity awards were excluded from diluted weighted-average number of common shares, as their effect would have been anti-dilutive.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"> For the three months ended March 31, 2026 and 2025, 13,739,215 and 29,441,175, respectively, of common shares underlying the Convertible Notes 2026 have been excluded from diluted shares as their effect would have been anti-dilutive. </span></div>The LTIP and OP units held by the non-controlling interest holders have been excluded from the denominator of the diluted earnings per share as there would be no effect on the amounts since the limited partners' share of income (loss) would also be added or subtracted to derive net income (loss) available to common shareholders. <div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The following is a reconciliation of basic and diluted earnings (loss) per common share (in thousands, except share and per-share data):</span></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:66.249%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:14.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.117%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.568%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">For the three months ended <br/>March 31,</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">2026</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">2025</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Numerator:</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Net income (loss) attributable to common shareholders</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(29,701)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(43,578)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Less: Dividends paid on unvested share-based compensation</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(7)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(9)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Net income (loss) available to common shareholders — basic and diluted</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(29,708)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(43,587)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Denominator:</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Weighted-average number of common shares — basic and diluted</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">113,331,501 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">119,204,243 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Net income (loss) per share available to common shareholders — basic and diluted</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(0.26)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(0.37)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> -29701000 -43578000 7000 9000 -29708000 -29708000 -43587000 -43587000 113331501 113331501 119204243 119204243 -0.26 -0.26 -0.37 -0.37 1453598 1390560 13739215 29441175 Commitments and Contingencies<div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Hotel Management Agreements</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Company's hotel properties are operated pursuant to management agreements with various management companies. The remaining terms of these management agreements are up to eight years, not including renewals, and up to 26 years, including renewals. The majority of the Company's management agreements are terminable at will by the Company upon paying a termination fee and some are terminable by the Company upon sale of the property, with, in some cases, the payment of termination fees. Most of the agreements also provide the Company the ability to terminate based on failure to achieve defined operating performance thresholds. Termination fees range from zero to up to three times the annual base management and incentive management fees, depending on the agreement and the reason for termination. Certain of the Company's management agreements are non-terminable except upon the manager's breach of a material representation or the manager's failure to meet performance thresholds as defined in the management agreement.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The management agreements require the payment of a base management fee generally between 1% and 4% of hotel revenues. Under certain management agreements, the management companies are also eligible to receive an incentive management fee if hotel operating income, cash flows or other performance measures, as defined in the agreements, exceed certain performance thresholds. The incentive management fee is generally calculated as a percentage of hotel operating income after the Company has received a priority return on its investment in the hotel. </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">For the three months ended March 31, 2026 and 2025, combined base and incentive management fees were $8.4 million and $7.6 million, respectively. Base and incentive management fees are included in other direct and indirect expenses in the Company's accompanying consolidated statements of operations and comprehensive income.</span></div><div style="margin-bottom:5pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:112%">Reserve Funds</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Certain of the Company's agreements with its hotel managers, franchisors, ground lessors and lenders have provisions for the Company to provide funds, typically 4.0% of hotel revenues, sufficient to cover the cost of (a) certain non-routine repairs and maintenance to the hotels and (b) replacements and renewals to the hotels' furniture, fixtures and equipment.</span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Restricted Cash</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">At March 31, 2026 and December 31, 2025, the Company had $8.4 million and $12.0 million, respectively, in restricted cash, which consisted of funds held in cash management accounts held by a lender, reserves for replacement of furniture and fixtures, and reserves to pay for real estate taxes, ground rent or property insurance under certain hotel management agreements or loan agreements.</span></div><div style="margin-bottom:5pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Long-Term Property Operating and Finance Leases</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">At March 31, 2026, the following hotels were subject to leases as follows:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:52.847%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.823%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.707%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.823%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.174%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.726%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Lease Properties</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Lease Type</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Lease Expiration Date</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Restaurant at Southernmost Beach Resort</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">April 2029</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Paradise Point Resort &amp; Spa</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">May 2050</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Harbor Court Hotel San Francisco</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Finance lease</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">August 2052</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Hotel Monaco Washington DC</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">November 2059</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Argonaut Hotel</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">December 2059</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Hotel Zephyr Fisherman's Wharf and Retail</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">February 2062</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Viceroy Santa Monica Hotel</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">September 2065</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Estancia La Jolla Hotel &amp; Spa</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">January 2066</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">San Diego Mission Bay Resort</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">July 2068</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">1 Hotel San Francisco</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">March 2070</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Hyatt Regency Boston Harbor</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">April 2077</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">The Westin Copley Place, Boston</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">December 2077</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(2)</span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">The Liberty, a Luxury Collection Hotel, Boston</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">May 2080</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Jekyll Island Club Resort and Restaurant</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">January 2089</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Hotel Zeppelin San Francisco</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating and finance lease</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">June 2089</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(4)</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Hotel Zelos San Francisco</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">June 2097</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Hotel Palomar Los Angeles Beverly Hills</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">January 2107</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(3)</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Margaritaville Hollywood Beach Resort</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">July 2112</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr></table></div><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">______________________</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:120%">     The expiration date assumes the exercise of a 14-year extension option.</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(2)</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:120%">     No payments are required through maturity.</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(3)</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:120%">     The expiration date assumes the exercise of all 19 five-year extension options.</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(4)</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:120%">     This property consists of a 116-guest room building, which is owned in fee simple, and an adjoining building with 80 guest rooms, which is subject to a lease agreement. The expiration date assumes the exercise of a 30-year extension option. </span></div><div style="margin-bottom:5pt;margin-top:9pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Company's leases may require minimum fixed rent payments, percentage rent payments based on a percentage of revenues in excess of certain thresholds or rent payments equal to the greater of a minimum fixed rent or percentage rent. Minimum fixed rent may be adjusted annually by increases in the consumer price index and may be subject to minimum and maximum increases. Some leases also contain certain restrictions on modifications that can be made to the hotel structures due to their status as national historic landmarks.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Company records expense on a straight-line basis for leases that provide for minimum rental payments that increase in pre-established amounts over the remaining terms of the leases. Ground rent expense is included in real estate taxes, personal property taxes, property insurance and ground rent in the Company's accompanying consolidated statements of operations and comprehensive income. </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The components of ground rent expense for the three months ended March 31, 2026 and 2025 are as follows (in thousands):</span></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:66.788%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:14.589%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.590%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">For the three months ended <br/>March 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">2026</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">2025</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Fixed ground rent </span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">5,156 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">4,810 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Variable ground rent</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">4,803 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">4,186 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Total ground rent</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">9,959 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">8,996 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Litigation</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The nature of the operations of hotels exposes the Company's hotels, the Company and the Operating Partnership to the risk of claims and litigation in the normal course of their business. The Company has insurance to cover certain potential material losses. The Company is not presently subject to any material litigation nor, to the Company's knowledge, is any material litigation threatened against the Company.</span></div> P8Y P26Y 0 3 0.01 0.04 8400000 7600000 0.040 8400000 12000000.0 <div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">At March 31, 2026, the following hotels were subject to leases as follows:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:52.847%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.823%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.707%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.823%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.174%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.726%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Lease Properties</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Lease Type</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">Lease Expiration Date</span></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Restaurant at Southernmost Beach Resort</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">April 2029</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Paradise Point Resort &amp; Spa</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">May 2050</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Harbor Court Hotel San Francisco</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Finance lease</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">August 2052</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Hotel Monaco Washington DC</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">November 2059</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Argonaut Hotel</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">December 2059</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Hotel Zephyr Fisherman's Wharf and Retail</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">February 2062</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Viceroy Santa Monica Hotel</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">September 2065</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Estancia La Jolla Hotel &amp; Spa</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">January 2066</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">San Diego Mission Bay Resort</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">July 2068</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">1 Hotel San Francisco</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">March 2070</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Hyatt Regency Boston Harbor</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">April 2077</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">The Westin Copley Place, Boston</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">December 2077</span></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(2)</span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">The Liberty, a Luxury Collection Hotel, Boston</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">May 2080</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Jekyll Island Club Resort and Restaurant</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">January 2089</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Hotel Zeppelin San Francisco</span></div></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating and finance lease</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">June 2089</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(4)</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Hotel Zelos San Francisco</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">June 2097</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Hotel Palomar Los Angeles Beverly Hills</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">January 2107</span></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:2pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:100%;position:relative;top:-2.8pt;vertical-align:baseline">(3)</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Margaritaville Hollywood Beach Resort</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Operating lease</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">July 2112</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr></table></div><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">______________________</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:120%">     The expiration date assumes the exercise of a 14-year extension option.</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(2)</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:120%">     No payments are required through maturity.</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(3)</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:120%">     The expiration date assumes the exercise of all 19 five-year extension options.</span></div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(4)</span>     This property consists of a 116-guest room building, which is owned in fee simple, and an adjoining building with 80 guest rooms, which is subject to a lease agreement. The expiration date assumes the exercise of a 30-year extension option. P14Y 19 P5Y 116 80 P30Y <div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The components of ground rent expense for the three months ended March 31, 2026 and 2025 are as follows (in thousands):</span></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:66.788%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:14.589%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.590%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">For the three months ended <br/>March 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">2026</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">2025</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Fixed ground rent </span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">5,156 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">4,810 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Variable ground rent</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">4,803 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">4,186 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Total ground rent</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">9,959 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">8,996 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 5156000 4810000 4803000 4186000 9959000 8996000 Supplemental Information to Statements of Cash Flows <span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">(in thousands)</span><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:66.835%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.273%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.117%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.275%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">For the three months ended <br/>March 31,</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">2026</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">2025</span></td></tr><tr style="height:5pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Interest paid, net of capitalized interest</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">15,742 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">15,445 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Income taxes paid (refunded)</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(170)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Non-Cash Investing and Financing Activities:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Distributions payable on common shares/units</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">1,197 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">1,246 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Distributions payable on preferred shares/units</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">10,414 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">10,601 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Issuance of common shares for Board of Trustees compensation</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">825 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">745 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Accrued additions and improvements to hotel properties</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">1,216 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">1,600 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Write-off of fully amortized deferred financing costs</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2,173 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Write-down of investment</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">1,639 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2,662 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> <div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:66.835%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.273%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.117%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.275%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">For the three months ended <br/>March 31,</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%"> </span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">2026</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">2025</span></td></tr><tr style="height:5pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Interest paid, net of capitalized interest</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">15,742 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">15,445 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Income taxes paid (refunded)</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">(170)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr style="height:5pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Non-Cash Investing and Financing Activities:</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Distributions payable on common shares/units</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">1,197 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">1,246 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Distributions payable on preferred shares/units</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">10,414 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">10,601 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Issuance of common shares for Board of Trustees compensation</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">825 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">745 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Accrued additions and improvements to hotel properties</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">1,216 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">1,600 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Write-off of fully amortized deferred financing costs</span></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2,173 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">Write-down of investment</span></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">1,639 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:100%">2,662 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div> 15742000 15445000 0 -170000 1197000 1246000 10414000 10601000 825000 745000 1216000 1600000 2173000 0 1639000 2662000 Operating Segment Information<div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the Company's segment hotel revenues, Hotel EBITDA, including significant hotel expenses and its reconciliation to net income (loss) for the three months ended March 31, 2026 and 2025 (in thousands):</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"><tr><td style="width:1.0%"></td><td style="width:66.694%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:14.635%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.535%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.636%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="9" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">For the three months ended <br/>March 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">2026</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">2025</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Revenues:</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Total revenues</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">345,656 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">320,266 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Less: Corporate and other revenues</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">260 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">378 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Hotel revenues</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">345,396 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">319,888 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Significant hotel expenses:</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Room expenses</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">59,515 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">58,523 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Food and beverage expenses</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">65,459 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">64,568 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Hotel general and administrative</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">29,112 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">29,111 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Hotel sales and marketing</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">22,811 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">22,955 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Hotel operations and maintenance</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">31,077 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">30,932 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Hotel management fee</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">8,418 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">7,949 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Hotel real estate taxes, personal property taxes, property insurance and ground rent</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">33,278 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">33,047 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Other segment items </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">13,527 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">11,976 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Hotel EBITDA</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">82,199 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">60,827 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Depreciation and amortization</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">(51,979)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">(57,543)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">(26,314)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">(27,133)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Impairment</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">(7,688)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Business interruption insurance income</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">4,303 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Income tax (expense) benefit</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">17 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">3,162 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Corporate and other </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">(14,671)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">(15,796)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Net income (loss)</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">(18,436)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">(32,180)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">______________________</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1)    </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:120%">Other segment items include expenses incurred for parking, spa, franchise fees and other hotel operating expenses.</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(2)    </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:120%">Corporate and other include corporate general and administrative and other operating income and expenses.</span></div> <div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents the Company's segment hotel revenues, Hotel EBITDA, including significant hotel expenses and its reconciliation to net income (loss) for the three months ended March 31, 2026 and 2025 (in thousands):</span></div><div style="margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"><tr><td style="width:1.0%"></td><td style="width:66.694%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:14.635%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.535%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.636%"></td><td style="width:0.1%"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="9" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">For the three months ended <br/>March 31,</span></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">2026</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:700;line-height:100%">2025</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Revenues:</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Total revenues</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">345,656 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">320,266 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Less: Corporate and other revenues</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">260 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">378 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Hotel revenues</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">345,396 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">319,888 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Significant hotel expenses:</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Room expenses</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">59,515 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">58,523 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Food and beverage expenses</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">65,459 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">64,568 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Hotel general and administrative</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">29,112 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">29,111 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Hotel sales and marketing</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">22,811 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">22,955 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Hotel operations and maintenance</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">31,077 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">30,932 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Hotel management fee</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">8,418 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">7,949 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Hotel real estate taxes, personal property taxes, property insurance and ground rent</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">33,278 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">33,047 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Other segment items </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">13,527 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">11,976 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Hotel EBITDA</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">82,199 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">60,827 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Depreciation and amortization</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">(51,979)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">(57,543)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Interest expense</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">(26,314)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">(27,133)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Impairment</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">(7,688)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Business interruption insurance income</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">4,303 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Income tax (expense) benefit</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">17 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">3,162 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Corporate and other </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline">(2)</span></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">(14,671)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">(15,796)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">Net income (loss)</span></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">(18,436)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;line-height:100%">(32,180)</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><span style="color:#000000;font-family:'Times New Roman',serif;font-size:6.5pt;font-weight:400;line-height:120%;position:relative;top:-3.5pt;vertical-align:baseline">______________________</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(1)    </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:120%">Other segment items include expenses incurred for parking, spa, franchise fees and other hotel operating expenses.</span></div><div style="padding-left:36pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:5.2pt;font-weight:400;line-height:120%;position:relative;top:-2.8pt;vertical-align:baseline">(2)    </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:8pt;font-weight:400;line-height:120%">Corporate and other include corporate general and administrative and other operating income and expenses.</span></div> Company's segment 345656000 320266000 260000 378000 345396000 319888000 59515000 58523000 65459000 64568000 29112000 29111000 22811000 22955000 31077000 30932000 8418000 7949000 33278000 33047000 13527000 11976000 82199000 60827000 51979000 57543000 26314000 27133000 7688000 0 0 4303000 -17000 -3162000 14671000 15796000 -18436000 -32180000 false false false false