Operating Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

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,
		2026		2025
Revenues:
Total revenues		$	345,656	$	320,266
Less: Corporate and other revenues		260		378
Hotel revenues		345,396		319,888
Significant hotel expenses:
Room expenses		59,515		58,523
Food and beverage expenses		65,459		64,568
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 (1)		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)		—

Business interruption insurance income		—		4,303
Income tax (expense) benefit		17		3,162
Corporate and other (2)		(14,671)		(15,796)
Net income (loss)		$	(18,436)	$	(32,180)

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(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.