Acquisition and Disposition of Hotel Properties |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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):
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.
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