Apple Hospitality REIT (APLE) 10-K 24 Feb 25 2024 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Feb. 18, 2025	Jun. 30, 2024
Cover [Abstract]
Entity Registrant Name	APPLE HOSPITALITY REIT, INC.
Trading Symbol	APLE
Document Type	10-K
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding			239,770,392
Entity Public Float				$ 3,268,935,196
Amendment Flag	false
Entity Central Index Key	0001418121
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Well-known Seasoned Issuer	Yes
Document Period End Date	Dec. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Annual Report	true
Document Transition Report	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity File Number	001-37389
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	26-1379210
Entity Address, Address Line One	814 East Main Street
Entity Address, City or Town	Richmond
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23219
City Area Code	804
Local Phone Number	344-8121
Title of 12(b) Security	Common Shares, no par value
Security Exchange Name	NYSE
Entity Interactive Data Current	Yes
Documents Incorporated by Reference	Documents Incorporated by Reference The information required by Part III of this report, to the extent not set forth herein, is incorporated by reference from the Company’s definitive proxy statement to be filed with the Securities and Exchange Commission in connection with the Company’s annual meeting of shareholders to be held on May 19, 2025.
Auditor Name	KPMG LLP	Ernst & Young LLP
Auditor Location	Richmond, Virginia	Richmond, Virginia
Auditor Firm ID	185	42
Auditor Opinion [Text Block]	Opinion on Internal Control Over Financial Reporting We have audited Apple Hospitality REIT, Inc. and subsidiaries’ (the Company) internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control—Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission. In our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control—Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission. We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated balance sheet of the Company as of December 31, 2024, the related consolidated statements of operations and comprehensive income, shareholders’ equity and cash flows for the year ended, and the related notes and the financial statement Schedule III (collectively, the consolidated financial statements), and our report dated February 24, 2025 expressed an unqualified opinion on those consolidated financial statements. Opinion on the Financial Statements We have audited the accompanying consolidated balance sheet of Apple Hospitality REIT, Inc. and subsidiaries (the Company) as of December 31, 2024, the related consolidated statements of operations and comprehensive income, shareholders’ equity, and cash flows for the year then ended, and the related notes and the financial statement Schedule III (collectively, the consolidated financial statements). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024, and the results of its operations and its cash flows for the year then ended, in conformity with U.S. generally accepted accounting principles. We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company’s internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control—Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission, and our report dated February 24, 2025 expressed an unqualified opinion on the effectiveness of the Company’s internal control over financial reporting. Opinion on the Financial Statements We have audited the accompanying consolidated balance sheet of Apple Hospitality REIT, Inc. (the Company) as of December 31, 2023, the related consolidated statements of operations and comprehensive income, shareholders’ equity and cash flows for each of the two years in the period ended December 31, 2023, and the related notes and financial statement schedule listed in the Index at Item 15(2) (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company at December 31, 2023, and the results of its operations and its cash flows for each of the two years in the period ended December 31, 2023, in conformity with U.S. generally accepted accounting principles.

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Assets
Investment in real estate, net of accumulated depreciation and amortization of $1,821,344 and $1,662,942, respectively	$ 4,820,748	$ 4,777,374
Assets held for sale	17,015	15,283
Cash and cash equivalents	10,253	10,287
Restricted cash-furniture, fixtures and other escrows	33,814	33,331
Due from third party managers, net	34,522	36,437
Other assets, net	53,568	64,586
Total Assets	4,969,920	4,937,298
Liabilities
Debt, net	1,471,452	1,371,494
Finance lease liabilities	111,585	111,892
Accounts payable and other liabilities	121,024	129,931
Total Liabilities	1,704,061	1,613,317
Shareholders' Equity
Preferred stock, authorized 30,000,000 shares; none issued and outstanding	0	0
Common stock, no par value, authorized 800,000,000 shares; issued and outstanding 239,765,905 and 241,515,532 shares, respectively	4,771,005	4,794,804
Accumulated other comprehensive income	15,587	20,404
Accumulated distributions greater than net income	(1,520,733)	(1,491,227)
Total Shareholders' Equity	3,265,859	3,323,981
Total Liabilities and Shareholders' Equity	$ 4,969,920	$ 4,937,298

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Investment in real estate accumulated depreciation (in Dollars)	$ 1,821,344	$ 1,662,942
Preferred stock, shares authorized	30,000,000	30,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	800,000,000	800,000,000
Common stock, shares issued	239,765,905	241,515,532
Common stock, shares outstanding	239,765,905	241,515,532

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenues:
Total revenue	$ 1,431,468	$ 1,343,800	$ 1,238,417
Expenses:
Total hotel operating expense	837,871	780,725	710,481
Property taxes, insurance and other	84,382	79,307	72,907
General and administrative	42,542	47,401	42,464
Impairment of depreciable real estate	3,055	5,644	26,175
Depreciation and amortization	190,603	183,242	181,697
Total expense	1,158,453	1,096,319	1,033,724
Gain on sale of real estate	19,744		1,785
Operating income	292,759	247,481	206,478
Interest and other expense, net	(77,748)	(68,857)	(59,733)
Income before income taxes	215,011	178,624	146,745
Income tax expense	(947)	(1,135)	(1,940)
Net income	214,064	177,489	144,805
Other comprehensive income (loss):
Interest rate derivatives	(4,817)	(16,477)	52,389
Comprehensive income	$ 209,247	$ 161,012	$ 197,194
Basic net income per common share	$ 0.89	$ 0.77	$ 0.63
Diluted net income per common share	$ 0.89	$ 0.77	$ 0.63
Weighted average common shares outstanding - basic (in Shares)	241,258	229,329	228,946
Weighted average common shares outstanding - diluted (in Shares)	241,258	229,329	228,946
Room [Member]
Revenues:
Total revenue	$ 1,298,525	$ 1,226,159	$ 1,139,436
Food and Beverage [Member]
Revenues:
Total revenue	65,804	56,968	46,010
Other [Member]
Revenues:
Total revenue	67,139	60,673	52,971
Direct Operating [Member]
Expenses:
Total hotel operating expense	357,352	332,714	300,852
Hotel Administrative [Member]
Expenses:
Total hotel operating expense	123,086	114,071	105,396
Sales and Marketing [Member]
Expenses:
Total hotel operating expense	126,938	117,538	104,756
Utilities [Member]
Expenses:
Total hotel operating expense	50,065	47,422	45,017
Repair and Maintenance [Member]
Expenses:
Total hotel operating expense	69,697	65,412	58,729
Royalty [Member]
Expenses:
Total hotel operating expense	64,017	59,315	53,901
Management Service [Member]
Expenses:
Total hotel operating expense	$ 46,716	$ 44,253	$ 41,830

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Accumulated Distributions Greater Than Net Income [Member]
Balance at Dec. 31, 2021	$ 3,147,321	$ 4,569,352	$ (15,508)	$ (1,406,523)
Balance (in Shares) at Dec. 31, 2021		228,256
Share based compensation, net of common shares surrendered to satisfy employee tax withholding requirements	10,645	$ 10,645
Share based compensation, net of common shares surrendered to satisfy employee tax withholding requirements (in Shares)		577
Equity issuance costs	(300)	$ (300)
Common shares repurchased	(2,675)	$ (2,675)
Common shares repurchased (in Shares)		(188)
Interest rate derivatives	52,389		52,389
Net income	144,805			144,805
Distributions declared to shareholders	(173,790)			(173,790)
Balance at Dec. 31, 2022	3,178,395	$ 4,577,022	36,881	(1,435,508)
Balance (in Shares) at Dec. 31, 2022		228,645
Share based compensation, net of common shares surrendered to satisfy employee tax withholding requirements	8,772	$ 8,772
Share based compensation, net of common shares surrendered to satisfy employee tax withholding requirements (in Shares)		525
Issuance of common shares, net	215,890	$ 215,890
Issuance of common shares, net (in Shares)		12,826
Common shares repurchased	(6,880)	$ (6,880)
Common shares repurchased (in Shares)		(480)
Interest rate derivatives	(16,477)		(16,477)
Net income	177,489			177,489
Distributions declared to shareholders	(233,208)			(233,208)
Balance at Dec. 31, 2023	3,323,981	$ 4,794,804	20,404	(1,491,227)
Balance (in Shares) at Dec. 31, 2023		241,516
Share based compensation, net of common shares surrendered to satisfy employee tax withholding requirements	11,370	$ 11,370
Share based compensation, net of common shares surrendered to satisfy employee tax withholding requirements (in Shares)		695
Equity issuance costs	(517)	$ (517)
Common shares repurchased	$ (34,652)	$ (34,652)
Common shares repurchased (in Shares)	(2,400)	(2,445)
Interest rate derivatives	$ (4,817)		(4,817)
Net income	214,064			214,064
Distributions declared to shareholders	(243,570)			(243,570)
Balance at Dec. 31, 2024	$ 3,265,859	$ 4,771,005	$ 15,587	$ (1,520,733)
Balance (in Shares) at Dec. 31, 2024		239,766

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]
Distributions declared to shareholders	$ 1.01	$ 1.01	$ 0.76

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net income	$ 214,064	$ 177,489	$ 144,805
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	190,603	183,242	181,697
Impairment of depreciable real estate	3,055	5,644	26,175
Gain on sale of real estate	(19,744)		(1,785)
Other non-cash expenses, net	8,361	8,708	8,653
Changes in operating assets and liabilities:
Decrease (increase) in due from third party managers, net	1,351	7,098	(3,436)
Decrease (increase) in other assets, net	1,634	(6,088)	(1,685)
Increase in accounts payable and other liabilities	6,026	22,951	14,022
Net cash provided by operating activities	405,350	399,044	368,446
Cash flows from investing activities:
Acquisition of hotel properties, net	(197,364)	(291,388)	(84,827)
Disbursements for potential acquisitions, net	(349)	(1,177)
Capital improvements	(80,340)	(72,066)	(59,376)
Net proceeds from sale of real estate	62,343		8,293
Net cash used in investing activities	(215,710)	(364,631)	(135,910)
Cash flows from financing activities:
Net proceeds (disbursements) related to issuance of common shares	(483)	215,923	(265)
Repurchases of common shares	(34,652)	(6,880)	(2,675)
Common shares surrendered to satisfy employee withholding requirements	(7,794)	(8,008)	(6,333)
Distributions paid to common shareholders	(243,722)	(238,283)	(139,467)
Proceeds from revolving credit facility	407,900	385,000	170,800
Payments on revolving credit facility	(325,400)	(385,000)	(246,800)
Proceeds from term loans and senior notes	45,000	50,000	175,000
Payments of mortgage debt and other loans	(28,702)	(46,213)	(168,831)
Principal payments on finance leases	(515)	(340)	(173)
Financing costs	(823)	(506)	(10,229)
Net cash used in financing activities	(189,191)	(34,307)	(228,973)
Net change in cash, cash equivalents and restricted cash	449	106	3,563
Cash, cash equivalents and restricted cash, beginning of period	43,618	43,512	39,949
Cash, cash equivalents and restricted cash, end of period	44,067	43,618	43,512
Supplemental cash flow information:
Interest paid	75,559	67,835	57,721
Income taxes paid	876	1,293	1,699
Supplemental disclosure of noncash investing and financing activities:
Accrued distribution to common shareholders	31,170	31,397	36,551
Accrued capital expenditures	13,738	15,816	11,050
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents, beginning of period	10,287	4,077	3,282
Restricted cash-furniture, fixtures and other escrows, beginning of period	33,331	39,435	36,667
Cash, cash equivalents and restricted cash, beginning of period	43,618	43,512	39,949
Cash and cash equivalents, end of period	10,253	10,287	4,077
Restricted cash-furniture, fixtures and other escrows, end of period	33,814	33,331	39,435
Cash, cash equivalents and restricted cash, end of period	$ 44,067	$ 43,618	$ 43,512

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 214,064	$ 177,489	$ 144,805

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
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

Cybersecurity Risk Management,

Cybersecurity Risk Management, Strategy and Governance	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Item 1C. Cybersecurity To effectively identify, assess and manage risks from cybersecurity threats, the Company maintains a cybersecurity and cyber risk management program which is comprised of the Company-wide cybersecurity strategy and its supporting policies, processes and architecture. This program is part of the Company’s enterprise risk management program. Risk Management Strategy The Director of Information Technology, who reports to the Chief Financial Officer, has extensive information technology (“IT”) and cybersecurity knowledge and skills gained from over 15 years of relevant work experience at the Company , and is responsible for leading the Company’s cybersecurity and cyber risk management program which includes certain cybersecurity processes covering the Company’s corporate systems. These processes include, among other items, the Company’s information technology and risk management departments’ use of an internal set of applications and control activities to actively monitor potential threats to its corporate IT environment and regularly conduct internal testing to identify potential vulnerabilities to the Company’s corporate information technology infrastructure and systems. These activities include, but are not limited to, continuous monitoring of network and infrastructure vulnerabilities, automated patching and software updates, redundancy and back-up systems, and incident response planning and handling. The Company’s employees are required to report cybersecurity events, including suspicious activity or emails, to the Company’s information technology department. Should a cybersecurity event occur within its corporate systems, the Company is positioned to coordinate a swift response to mitigate impacts to its information technology infrastructure and systems. The Company has in place an incident response plan which provides guidance for leadership and employees to swiftly evaluate and respond to cybersecurity incidents. The Company also carries cybersecurity insurance to further mitigate certain potential losses from a cybersecurity incident affecting its corporate IT equipment and systems. The Company’s cybersecurity processes also include self-assessments using industry benchmarks as well as input from external industry consultants and ongoing communication with third-party business partners to identify cybersecurity incidents and threats that could potentially impact the Company. The Company has relationships with a number of third-party business partners to assist with cybersecurity incident containment and recovery efforts and assesses the processes and tools used by its third-party business partners to manage their cybersecurity risks. The Company uses a risk-based approach with respect to its use and oversight of third-party service providers , tailoring processes according to the nature and sensitivity of network connectivity or of data accessed, processed, or stored by such third-party service provider. The Company’s corporate IT systems are not used to process business transactions with its guests and those systems currently have no connectivity to hotel and/or third-party management and brand technology platforms. The Company’s information technology and risk management departments regularly engage with its third-party management companies and brands to understand and benchmark their execution and alignment with applicable policies and industry practices for data protection and cybersecurity. Management and Board Oversight The Company’s Board of Directors administers cybersecurity risk oversight primarily through its Audit Committee. The Board’s Audit Committee is tasked with oversight responsibility for the Company’s enterprise risk management program, including those related to cybersecurity and cyber risks. The Audit Committee receives regular reports from the Chief Financial Officer on, among other things: the Company’s cybersecurity risks and threats; the status of projects to strengthen the Company’s information security systems; internal and third-party assessments of the Company’s cybersecurity program; and the emerging cyber threat landscape. The Audit Committee also receives updates on cybersecurity incidents experienced by third-party business partners that may pose significant risk to the Company. The Audit Committee provides periodic reporting to the Board of Directors on cybersecurity matters. The Company’s IT and risk management departments report directly to the Chief Financial Officer and are directed to promptly report incidents to the Chief Financial Officer in accordance with the Company’s incident response plan. The Chief Financial Officer also apprises the Audit Committee of cybersecurity incidents consistent with the Company’s incident response procedures for more significant incidents and in the aggregate for less significant incidents. Cybersecurity Risks The Company faces a number of cybersecurity risks in connection with its business, although such risks have not materially affected the Company, including its business strategy, results of operations or financial cond ition, to date. While the Company is not aware of any cybersecurity incidents that have materially affected its business as of December 31, 2024, there can be no guarantee that the Company will not be the subject of future attacks, threats or incidents, that may have a material impact on its business strategy, results of operations or financial condition. Notwithstanding the extensive approach the Company takes to address cybersecurity, it may not be successful in preventing or mitigating all cybersecurity incidents or threats. For more information about the cybersecurity risks the Company faces, see the risk factor entitled “Technology is used in operations, and any material failure, inadequacy, interruption or security failure of that technology from cyber-attacks or other events could harm the Company’s business” in Item 1A- Risk Factors.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	The Company’s Board of Directors administers cybersecurity risk oversight primarily through its Audit Committee. The Board’s Audit Committee is tasked with oversight responsibility for the Company’s enterprise risk management program, including those related to cybersecurity and cyber risks. The Audit Committee receives regular reports from the Chief Financial Officer on, among other things: the Company’s cybersecurity risks and threats; the status of projects to strengthen the Company’s information security systems; internal and third-party assessments of the Company’s cybersecurity program; and the emerging cyber threat landscape. The Audit Committee also receives updates on cybersecurity incidents experienced by third-party business partners that may pose significant risk to the Company. The Audit Committee provides periodic reporting to the Board of Directors on cybersecurity matters.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Company’s Board of Directors administers cybersecurity risk oversight primarily through its Audit Committee.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Board’s Audit Committee is tasked with oversight responsibility for the Company’s enterprise risk management program, including those related to cybersecurity and cyber risks. The Audit Committee receives regular reports from the Chief Financial Officer on, among other things: the Company’s cybersecurity risks and threats; the status of projects to strengthen the Company’s information security systems; internal and third-party assessments of the Company’s cybersecurity program; and the emerging cyber threat landscape. The Audit Committee also receives updates on cybersecurity incidents experienced by third-party business partners that may pose significant risk to the Company. The Audit Committee provides periodic reporting to the Board of Directors on cybersecurity matters.
Cybersecurity Risk Role of Management [Text Block]	The Company’s IT and risk management departments report directly to the Chief Financial Officer and are directed to promptly report incidents to the Chief Financial Officer in accordance with the Company’s incident response plan. The Chief Financial Officer also apprises the Audit Committee of cybersecurity incidents consistent with the Company’s incident response procedures for more significant incidents and in the aggregate for less significant incidents.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	The Company’s IT and risk management departments report directly to the Chief Financial Officer and are directed to promptly report incidents to the Chief Financial Officer in accordance with the Company’s incident response plan.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	The Director of Information Technology, who reports to the Chief Financial Officer, has extensive information technology (“IT”) and cybersecurity knowledge and skills gained from over 15 years of relevant work experience at the Company
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	The Company’s IT and risk management departments report directly to the Chief Financial Officer and are directed to promptly report incidents to the Chief Financial Officer in accordance with the Company’s incident response plan. The Chief Financial Officer also apprises the Audit Committee of cybersecurity incidents consistent with the Company’s incident response procedures for more significant incidents and in the aggregate for less significant incidents.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Organization and Summary of Significant Accounting Policies	Note 1 Organization and Summary of Significant Accounting Policies Organization Apple Hospitality REIT, Inc., formed in November 2007 as a Virginia corporation, together with its wholly-owned subsidiaries (the “Company”), is a self-advised real estate investment trust (“REIT”) that invests in income-producing real estate, primarily in the lodging sector, in the United States (“U.S.”). The Company’s fiscal year end is December 31. The Company has no foreign operations or assets and its operating structure includes only one reportable segment. The consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated. Although the Company has interests in potential variable interest entities through its purchase commitments, it is not the primary beneficiary as the Company does not have any elements of power in the decision making process of these entities, and therefore does not consolidate the entities. As of December 31, 2024, the Company owned 221 hotels with an aggregate of 29,764 guest rooms located in 37 states and the District of Columbia (“D.C.”) , including two hotels with a total of 206 guest rooms classified as held for sale, one of which was sold to an unrelated party in February 2025, while the other is expected to be sold in the first quarter of 2025 . The Company also owns one property leased to third parties. All information related to the number of guest rooms included in these notes to the consolidated financial statements and Schedule III - Real Estate and Accumulated Depreciation and Amortization listed in the Index at Item 15 has not been audited. The Company’s common shares are listed on the New York Stock Exchange (“NYSE”) under the ticker symbol “APLE.” The Company has elected to be treated as a REIT for U.S. federal income tax purposes. The Company has a wholly-owned taxable REIT subsidiary (or subsidiaries thereof) (collectively, the “Lessee” or “TRS”), which leases all of the Company’s hotels. Cash and Cash Equivalents Cash and cash equivalents consist of highly liquid investments with original maturities of three months or less. The fair market value of cash and cash equivalents approximates their carrying value. Cash balances may at times exceed federal depository insurance limits. Restricted Cash Restricted cash includes reserves for debt service, real estate taxes, and insurance, and reserves for furniture, fixtures, and equipment replacements of up to 5 % of property revenue for certain hotels, as required by certain management or mortgage debt agreement restrictions and provisions. The fair market value of restricted cash approximates its carrying value. Investment in Real Estate and Related Depreciation and Amortization Real estate is stated at cost, net of depreciation and amortization. Repair and maintenance costs are expensed as incurred while significant improvements, renovations, and replacements are capitalized. As further discussed in Note 10, finance ground lease assets are capitalized at the estimated present value of the remaining minimum lease payments under the leases. Depreciation and amortization are computed using the straight-line method over the average estimated useful lives of the assets, which are generally 39 years for buildings, the remaining life of the lease for finance ground leases (which in some instances may include renewal options), 10 to 20 years for franchise fees, 10 years for major improvements and three to seven years for furniture and equipment. The Company considers expenditures to be capital in nature based on the following criteria: (1) for a single asset, the cost must be at least $500, including all normal and necessary costs to place the asset in service, and the useful life must be at least one year; (2) for group purchases of 10 or more identical assets, the unit cost for each asset must be at least $50, including all normal and necessary costs to place the asset in service, and the useful life must be at least one year; and (3) for major repairs to a single asset, the repair must be at least $2,500 and the useful life of the asset must be substantially extended. Upon acquisition of real estate properties, the Company estimates the fair value of acquired tangible assets (consisting of land, buildings and improvements, and furniture, fixtures and equipment) and identified intangible assets and liabilities, including in-place leases, and assumed debt based on the evaluation of information and estimates available at that date. Fair values for these assets are not directly observable and estimates are based on comparable asset sales and other information which is subjective in nature, including comparable land sales as well as industry and Company data regarding building and furniture, fixture and equipment costs, including adjustments for estimated depreciation based on the age of the property acquired and time since its most recent renovation. The Company has not assigned any value to management contracts and franchise agreements as such contracts are generally at current market rates based on the remaining terms of the contracts and any other value attributable to these contracts is not considered material. Acquisitions of hotel properties are generally accounted for as acquisitions of a group of assets, with costs incurred to effect an acquisition, including title, legal, accounting, brokerage commissions and other related costs, being capitalized as part of the cost of the assets acquired, instead of accounted for separately as expenses in the period that they are incurred. The Company records impairment losses on hotel properties used in operations if indicators of impairment are present, and the sum of the undiscounted cash flows estimated to be generated by the respective properties over their estimated remaining useful life, based on historical and industry data, is less than the properties’ carrying amount. Indicators of impairment include a property with current or potential losses from operations, when it becomes more likely than not that a property will be disposed of before the end of its previously estimated useful life or when events, trends, contingencies or changes in circumstances indicate that a triggering event has occurred and an asset’s carrying value may not be recoverable. The Company monitors its properties on an ongoing basis by analytically reviewing financial performance and considers each property individually for purposes of reviewing for indicators of impairment. As many indicators of impairment are subjective, such as general economic and market declines, the Company also prepares an annual recoverability analysis for each of its properties to assist with its evaluation of impairment indicators. The Company performs quarterly recoverability analyses by comparing each property’s net book value to its estimated operating income based on assumptions and estimates about the property’s future revenues, expenses and capital expenditures after disruptive events such as renovations or newly opened hotels in the same market. The Company’s planned initial hold period for each property is generally 39 years. If events or circumstances change, such as the Company’s intended hold period for a property or if the operating performance of a property declines substantially for an extended period of time, the Company’s carrying value for a particular property may not be recoverable, and an impairment loss will be recorded. Impairment losses are measured as the difference between the asset’s fair value and its carrying value. The Company’s ongoing analyses and annual recoverability analyses have identified impairment losses on three properties recorded in 2024, two properties recorded in 2023 and two properties recorded in 2022 totaling approximately $ 3.1 million, $ 5.6 million and $ 26.2 million, respectively, as discussed in Note 3. Assets Held for Sale The Company classifies assets as held for sale when a binding agreement to sell the property has been signed under which the buyer has committed a significant amount of nonrefundable cash, no significant contingencies exist which could prevent the transaction from being completed in a timely manner, and the sale is expected to close within one year. If these criteria are met, the Company will cease recording depreciation and amortization and will record an impairment charge if the fair value less costs to sell is less than the carrying amount of the disposal group. The Company will generally classify the impairment charge, together with the related operating results, as continuing operations in the Company’s consolidated statements of operations and classify the assets and related liabilities as held for sale in the Company’s consolidated balance sheets. If the Company’s plan of sale changes and the Company subsequently decides not to sell a property that is classified as held for sale, the property will be reclassified as held and used in the period the change occurs. As of December 31, 2024, the Company had two hotels classified as held for sale, one of which was sold to an unrelated party in February 2025, while the other is expected to be sold in the first quarter of 2025, as discussed further in Note 3 . As of December 31, 2023 , the Company had two hotels classified as held for sale, which were both sold to an unrelated party in February 2024. Revenue Recognition Revenues consist of amounts derived from hotel operations, including room sales, food and beverage sales, and other hotel revenues, and are presented on a disaggregated basis in the Company’s consolidated statements of operations. The Company recognizes hotel operating revenue when guest rooms are occupied, services have been provided or fees have been earned. Revenues are recorded net of any sales, occupancy or other taxes collected from customers on behalf of third parties. Room revenue represents revenue from the occupancy of hotel rooms and is driven by the occupancy and average daily rate charged. Room revenue does not include ancillary services or fees charged. The contracts for room stays with customers generally are very short-term in duration and revenue is recognized over the course of the hotel stay. The hotel reservation defines the terms of the agreement including an agreed-upon rate and length of stay. Food and beverage revenue consists of revenue from group functions such as banquets and conferences as well as revenue from the restaurants and lounges at the Company’s hotels. Food and beverage revenue is recognized at the time the products or services are provided to the customer. Other operating revenue consists of ancillary revenues at the hotel, including attrition and cancelation fees, parking revenue and other guest services and offerings. Other operating revenue is generally recognized at the time when the goods or services are provided to the customer or when the performance obligation is satisfied. Payment is due at the time that goods or services are rendered or billed. For room revenue, payment is typically due and paid in full at the end of the stay with some customers prepaying for their rooms prior to the stay. Payments received from a customer prior to arrival are recorded as an advance deposit and are recognized as revenue at the time of occupancy. Comprehensive Income Comprehensive income includes net income and other comprehensive income (loss), which is comprised of unrealized gains or losses resulting from hedging activity. Net Income Per Common Share Basic net income per common share is computed based upon the weighted average number of shares outstanding during the year. Diluted net income per common share is calculated after giving effect to all potential common shares that were dilutive and outstanding for the year. Basic and dilutive net income per common share were the same for each of the years presented. Income Taxes The Company is operated as, and has elected to be taxed as, a REIT under Sections 856 to 860 of the Internal Revenue Code of 1986, as amended (the “Code”). To qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that it distribute at least 90% of its REIT taxable income, subject to certain adjustments and excluding any net capital gain, to shareholders. If the Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal income tax on its taxable income at regular corporate income tax rates (including any applicable corporate minimum tax) and generally will be unable to re-elect REIT status until the fifth calendar year after the year in which it failed to qualify as a REIT, unless it satisfies certain relief provisions. The Company intends to adhere to the REIT qualification requirements and to maintain its qualification for taxation as a REIT. As a REIT, the Company is generally not subject to U.S. federal corporate income tax on the portion of taxable income that is distributed to shareholders. The Lessee, as a taxable REIT subsidiary of the Company, is subject to federal and state income taxes. The Company’s income tax expense as shown in the consolidated statements of operations primarily consists of income taxes on the operations of the Lessee and franchise taxes on both the REIT and the Lessee at the state jurisdiction level. The Company accounts for income taxes using the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and their respective income tax bases, and for net operating loss, capital loss and tax credit carryforwards. The deferred tax assets and liabilities are measured using the enacted income tax rates in effect for the year in which those temporary differences are expected to be realized or settled. The effect on the deferred tax assets and liabilities from a change in tax rates is recognized in earnings in the period in which the new rate is enacted. However, deferred tax assets are recognized only to the extent that it is more likely than not that they will be realized based on consideration of all available evidence, including the future reversals of existing taxable temporary differences, future projected taxable income and tax planning strategies. Valuation allowances are provided if, based on the weight of the available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company performs an annual review for any uncertain tax positions and, if necessary, will record the expected future tax consequences of uncertain tax positions in the consolidated financial statements. As of December 31, 2024, the tax years that remain subject to examination by major tax jurisdictions generally include 2021-2024. The Company evaluates whether a tax position of the Company is more likely than not to be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. For tax positions meeting the more likely than not threshold, the tax amount recognized in the financial statements is reduced by the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement with the relevant taxing authority. The Company has reviewed its tax positions for open tax years and has concluded no provision for income taxes for uncertain tax positions is required in the Company's consolidated financial statements as of December 31, 2024 and 2023. Interest and penalties related to uncertain tax benefits, if any, in the future will be recognized as operating expense. The Company has and may in the future enter into purchase and sale transactions in accordance with Section 1031 of the Internal Revenue Code of 1986, as amended, for the exchange of like-kind property to defer taxable gains on the sale of real estate properties (“1031 Exchange”). Sales and Marketing Costs Sales and marketing costs are expensed when incurred. These costs represent the expense for franchise advertising and reservation systems under the terms of the hotel management and franchise agreements and general and administrative expenses that are directly attributable to advertising and promotion. Use of Estimates The preparation of the financial statements in conformity with accounting principles generally accepted in the U.S. ( “ GAAP ” ) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Accounting Standards Recently Adopted In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires disclosure of significant segment expenses and other segment items on an annual and interim basis and disclosure in interim periods about a reportable segment’s profit or loss and assets that are currently required annually. Additionally, it requires disclosure of the title and position of the Chief Operating Decision Maker (“CODM”) and requires a public entity that has a single reportable segment to provide all disclosures required by the amendments in this ASU and all existing segment disclosures in Topic 280. This ASU does not change how a public entity identifies its operating segments, aggregates them, or applies the quantitative thresholds to determine its reportable segments. The new standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The adoption of this ASU only impacted disclosures with no impact on the Company’s consolidated financial statements. See Note 12 for the Company’s segment disclosures in accordance with the adoption of this ASU. Accounting Standards Recently Issued In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which focuses on income tax disclosures around effective tax rates and cash income taxes paid. This update requires disclosure, on an annual basis, a tabular rate reconciliation using both percentages and currency amounts, broken out into specified categories with certain reconciling items further broken out by nature and jurisdiction to the extent those items exceed a specified threshold. In addition, all entities are required to disclose income taxes paid, net of refunds received disaggregated by federal, state/local, and foreign and by jurisdiction if the amount is at least 5% of total income tax payments, net of refunds received. The new standard is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The amendments in this ASU may be applied prospectively by providing the revised disclosures for the period ending December 31, 2025 and continuing to provide the pre-ASU disclosures for the prior periods, or the amendments may be applied retrospectively by providing the revised disclosures for all periods presented. As of December 31, 2024, the Company has not adopted this ASU. The adoption of this ASU is expected to only impact disclosures with no impact on the Company’s consolidated financial statements. In November 2024, the FASB issued ASU No. 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which focuses on improving the disclosures about a public business entity’s amounts and types of expenses. The update mandates an entity to disclose the amounts of specific natural expense categories—such as purchases of inventory, employee compensation, depreciation, intangible asset amortization, and depletion—within relevant expense captions presented on the face of the income statement. Additionally, an entity must disclose qualitative descriptions of the composition of any remaining expense not separately disaggregated and disclose the total amount of selling expenses, and in annual reporting periods, the entity’s definition of selling expenses. The new standard is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027, with early adoption permitted. The amendments in this ASU may be applied prospectively by providing the revised disclosures for the period ending December 31, 2027 and continuing to provide the pre-ASU disclosures for the prior periods, or the amendments may be applied retrospectively by providing the revised disclosures for all periods presented. As of December 31, 2024, the Company has not adopted this ASU and is currently evaluating the impact of this ASU on the Company’s consolidated financial statements and related disclosures.

Investment in Real Estate

Investment in Real Estate	12 Months Ended
	Dec. 31, 2024
Real Estate [Abstract]
Investment in Real Estate	Note 2 Investment in Real Estate The Company’s investment in real estate consisted of the following (in thousands): December 31, December 31, 2024 2023 Land $ 839,187 $ 828,868 Building and improvements 5,064,866 4,917,105 Furniture, fixtures and equipment 610,062 571,026 Finance ground lease assets 102,084 102,084 Franchise fees 25,893 21,233 6,642,092 6,440,316 Less accumulated depreciation and amortization ( 1,821,344 ) ( 1,662,942 ) Investment in real estate, net $ 4,820,748 $ 4,777,374 As of December 31, 2024, the Company owned 221 hotels with an aggregate of 29,764 guest rooms located in 37 states and the District of Columbia , including two hotels with a total of 206 guest rooms classified as held for sale, one of which was sold to an unrelated party in February 2025, while the other is expected to be sold in the first quarter of 2025 . In May 2023, the Company entered into an operating lease for an initial 15-year term with a third-party hotel operator at its independent boutique hotel in New York, New York for all hotel operations of the hotel’s 210 guest rooms (“non-hotel property”). Lease revenue from this property is recorded in other revenue in the Company’s consolidated statements of operations and comprehensive income. As a result of the lease and transfer of possession to the operator, this property has been excluded from the Company’s hotel and guest room counts since May 2023. As a result of the operator's failure to make lease payments, the Company has commenced legal proceedings to remove the operator from possession of the hotel. The Company intends to enforce its rights under the lease and transition management of the hotel to a third-party manager, however, the removal process is still ongoing and the timing of the resolution of this matter and the transition of management operations cannot be predicted at this time. The Company leases all of its 221 hotels to a wholly-owned taxable REIT subsidiary (or a subsidiary thereof) under master hotel lease agreements. 2024 and 2023 Acquisitions During the year ended December 31, 2024 , the Company acquired two hotels. The following table sets forth the location, brand, manager, date acquired, number of guest rooms and gross purchase price, excluding transaction costs, for each property. All dollar amounts are in thousands. City State Brand Manager Date Guest Rooms Gross Washington, D.C. N/A AC Hotels HHM 3/25/2024 234 $ 116,804 Madison WI Embassy Suites Raymond 6/20/2024 262 79,516 496 $ 196,320 During the year ended December 31, 2023 , the Company acquired six hotels and one free-standing parking garage. The following table sets forth the location, brand, manager, date acquired, number of guest rooms and gross purchase price, excluding transaction costs, for each property. All dollar amounts are in thousands. City State Brand Manager Date Guest Rooms Gross Cleveland OH Courtyard Concord 6/30/2023 154 $ 31,000 Salt Lake City UT Courtyard North Central 10/11/2023 175 48,110 Salt Lake City UT Hyatt House North Central 10/11/2023 159 34,250 Salt Lake City (1) UT N/A North Central 10/11/2023 N/A 9,140 Renton WA Residence Inn InnVentures 10/18/2023 146 55,500 South Jordan UT Embassy Suites HHM 11/21/2023 192 36,750 Las Vegas NV SpringHill Suites Crescent (2) 12/27/2023 299 75,000 1,125 $ 289,750 (1) This property is a free-standing parking garage which serves both the Courtyard and Hyatt House hotels in Salt Lake City, Utah and the surrounding area, however, it is not affiliated with any brand. (2) The Manager noted is as of the date the hotel was acquired. Effective October 1, 2024, management responsibility of this property was transferred from Crescent to Highgate. In 2024, the Company utilized proceeds from the sale of hotels and borrowings under its Revolving Credit Facility (as defined below) to purchase the Washington, D.C. and Madison, Wisconsin hotels. In 2023, the Company utilized its available cash on hand, net proceeds from sale of shares under the ATM program (as defined below) and availability under its Revolving Credit Facility to purchase the seven properties. The acquisitions of these properties were accounted for as acquisitions of asset groups, whereby costs incurred to effect the acquisitions (which were not significant) were capitalized as part of the cost of the assets acquired. For the two hotels acquired during 2024, the amount of revenue and operating income included in the Company’s consolidated statement of operations from the date of acquisition through December 31, 2024 was approximately $ 24.7 million and $ 4.7 million, respectively. For the six hotels and free-standing parking garage acquired during 2023, the amount of revenue and operating income included in the Company’s consolidated statement of operations from the date of acquisition through December 31, 2023 was approximately $ 9.7 million and $ 1.6 million, respectively.

Assets Held for Sale and Dispos

Assets Held for Sale and Dispositions	12 Months Ended
	Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
Assets Held for Sale and Dispositions	Note 3 Assets Held for Sale and Dispositions Assets Held for Sale I n the fourth quarter of 2024, the Company entered into two purchase and sale agreements with separate unrelated parties for the sale of two hotels for a combined gross sales price of approximately $ 21.0 million. Since the buyers under contract had completed their due diligence and had both made non-refundable deposits, as of December 31, 2024, the Company classified these two hotels as assets held for sale in its consolidated balance sheet at their carrying value (which was less than the contract price, net of costs to sell). The Company completed the sale of one of the hotels in February 2025, while the other is expected to be sold in the first quarter of 2025. 2024 Dispositions During the year ended December 31, 2024 , the Company sold six hotels to five unrelated parties for a combined gross sales price of approximately $ 63.4 million, resulting in a combined gain on the sales of approximately $ 19.7 million, net of transaction costs, which is included in the Company’s consolidated statement of operations for the year ended December 31, 2024 . The six hotels had a total carrying value of approximately $ 42.6 million at their respective times of sale. The following table lists the six hotels sold in 2024: City State Brand Date Sold Guest Rooms Rogers AR Hampton 2/9/2024 122 Rogers AR Homewood Suites 2/9/2024 126 Greensboro NC SpringHill Suites 5/21/2024 82 Wichita KS Courtyard 11/12/2024 90 Knoxville TN TownePlace Suites 12/3/2024 97 Austin TX Hilton Garden Inn 12/31/2024 117 Total 634 2023 Dispositions There were no dispositions during the year ended December 31, 2023. 2022 Dispositions During the year ended December 31, 2022, the Company sold one hotel, a 55 -guest-room independent boutique hotel in Richmond, Virginia, to an unrelated party for a gross sales price of approximately $ 8.5 million, resulting in a gain on sale of approximately $ 1.8 million, net of transaction costs, which is included in the Company’s consolidated statement of operations for the year ended December 31, 2022. The hotel had a total carrying value of approximately $ 6.5 million at the time of the sale. Excluding gains on sale of real estate, the Company’s consolidated statements of operations include operating income (loss) of approximately $( 2.0 ) million, $( 2.5 ) million and $ 4.2 million for the years ended December 31, 2024, 2023 and 2022 , respectively, relating to the results of operations of the nine hotels discussed above (the two hotels classified as held for sale at December 31, 2024, the six hotels sold in 2024 and the one hotel sold in 2022) for the period of ownership. The sale of these properties does not represent a strategic shift that has, or will have, a major effect on the Company’s operations and financial results, and therefore the operating results for the period of ownership of these properties are included in income from continuing operations for the three years ended December 31, 2024 , as applicable. A portion of the proceeds from the sale of the two hotels in February 2024 was used to complete a like-kind exchange, in accordance with Section 1031 of the Internal Revenue Code of 1986, as amended, for the acquisition of the AC Hotel in Washington, D.C. as discussed above in Note 2, which resulted in the deferral of taxable gains of $ 15.1 million. The net proceeds from the sale of the remaining four hotels in 2024 and the one hotel in 2022 were used for general corporate purposes. Impairment of Depreciable Real Estate During the years ended December 31, 2024, 2023 and 2022, the Company recorded impairment losses totaling approximately $ 3.1 million , $ 5.6 million and $ 26.2 million, respectively. During the third and fourth quarters of 2024, the Company identified indicators of impairment at three properties, resulting in a combined loss on impairment for the year ended December 31, 2024 of $ 3.1 million . The three properties were separately identified for potential sale in either the third or fourth quarters of 2024, and the Company entered into separate purchase and sale agreements with separate unrelated parties for the sale of the hotels for a combined gross sales price of $ 21.7 million. As a result, the Company recognized impairment losses of approximately $ 2.9 million in the third quarter of 2024 and $ 0.2 million in the fourth quarter of 2024, for these properties to adjust the carrying value of these hotels to their estimated fair values less cost to sell, which were based on the contracted sales prices, Level 2 inputs under the fair value hierarchy. The Company completed the sale of one of these hotels in November 2024 and another in December 2024. For the third hotel impaired in 2024, the Company completed the sale in February 2025, therefore, the hotel is classified as assets held for sale on the Company’ s consolidated balance sheet at December 31, 2024. During the fourth quarter of 2023, the Company identified indicators of impairment at two properties, due to declines in the current and forecasted cash flows and a shortened hold period. The Company performed a test of recoverability and determined that the carrying value for each property exceeded the estimated undiscounted future cash flows. The shortfalls in estimated cash flows were triggered by declines in existing and forecasted hotel market conditions and new supply in each respective market. For both hotels, the Company utilized an offer from an unrelated party, net of estimated selling costs (categorized as Level 2 inputs under the fair value hierarchy) to adjust the basis of the property to its estimated fair market value. Upon concluding that the carrying cost exceeded the estimated undiscounted future cash flows, the Company adjusted the carrying value of the two hotels (approximately $ 17.4 million as of December 31, 2023 ) to their estimated fair market value (approximately $ 11.8 million as of December 31, 2023), resulting in an impairment loss of $ 5.6 million . During the fourth quarter of 2022, the Company identified indicators of impairment at two properties, due to declines in the current and forecasted cash flows and a shortened hold period. The Company performed a test of recoverability and determined that the carrying value for each property exceeded the estimated undiscounted future cash flows. The shortfalls in estimated cash flows were triggered by declines in existing and forecasted hotel market conditions and new supply in each respective market. For one hotel, the Company engaged a third party to assist with the analysis of the fair market value. The fair market value of the hotel was estimated by using the income and market approaches, as applicable, as outlined under GAAP, using both observable market data (categorized as Level 2 inputs under the fair value hierarchy) and unobservable inputs that reflect the Company’s own internal assumptions and calculations (categorized as Level 3 inputs under the fair value hierarchy). Under the income approach, the fair value estimate was calculated from a discounted cash flow analysis, using expected future cash flows based on stabilized room revenue growth rates of 2.4 % to 4.8 %, estimated discount rates of approximately 7.5 % to 9.0 % and other market considerations. For the second hotel, the Company utilized offers from unrelated parties, net of estimated selling costs (categorized as Level 2 inputs under the fair value hierarchy) to adjust the basis of the property to its estimated fair market value. Upon concluding that the carrying cost exceeded the estimated undiscounted future cash flows, the Company adjusted the carrying value of the two hotels to their estimated fair market value, resulting in an impairment loss of $ 26.2 million.

Debt

Debt	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Debt	Note 4 Debt Summary As of December 31, 2024 and 2023, the Company’s debt consisted of the following (in thousands): December 31, December 31, Revolving credit facility $ 82,500 $ - Term loans and senior notes, net 1,135,175 1,088,904 Mortgage debt, net 253,777 282,590 Debt, net $ 1,471,452 $ 1,371,494 The aggregate amounts of principal payable under the Company’s total debt obligations as of December 31, 2024 (including the Revolving Credit Facility (if any) (as defined below), term loans, senior notes and mortgage debt), for the five years subsequent to December 31, 2024 and thereafter are as follows (in thousands): 2025 $ 295,035 2026 287,149 2027 278,602 2028 334,066 2029 162,294 Thereafter 119,654 1,476,800 Unamortized fair value adjustment of assumed debt 192 Unamortized debt issuance costs ( 5,540 ) Total $ 1,471,452 The Company uses interest rate swaps to manage its interest rate risk on a portion of its variable-rate debt. Throughout the terms of these interest rate swaps, the Company pays a fixed rate of interest and receives a floating rate of interest equal to the annual SOFR for a one-month term (“one-month SOFR”) plus a 0.10 % SOFR spread adjustment . The swaps are designed to effectively fix the interest payments on variable-rate debt instruments. See Note 5 for more information on the interest rate swap agreements. The Company’s total fixed-rate and variable-rate debt, after giving effect to its interest rate swaps in effect at December 31, 2024 and 2023, is set forth below. All dollar amounts are in thousands. December 31, Percentage December 31, Percentage Fixed-rate debt (1) $ 1,114,300 75 % $ 1,228,002 89 % Variable-rate debt 362,500 25 % 150,000 11 % Total $ 1,476,800 $ 1,378,002 Weighted-average interest rate of debt 4.71 % 4.26 % (1) Fixed-rate debt includes the portion of variable-rate debt where the interest payments have been effectively fixed by interest rate swaps as of the respective balance sheet date. See Note 5 for more information on the interest rate swap agreements. Credit Facilities $1.2 Billion Credit Facility On July 25, 2022, the Company entered into a credit facility (the “$ 1.2 billion credit facility”) that is comprised of (i) a $ 650 million revolving credit facility with an initial maturity date of July 25, 2026 (the “Revolving Credit Facility”), (ii) a $ 275 million term loan with a maturity date of July 25, 2027 , funded at closing, and (iii) a $ 300 million term loan with a maturity date of Janu ary 31, 2028 ( including a $ 150 million delayed draw option until 180 days from closing) , of which $ 200 million was funded at closing , $ 50 million was funded on October 24, 2022 and the remaining $ 50 million was funded on January 17, 2023 (the term loans described in clauses (ii) and (iii) are referred to together as the “ $ 575 million term loan facility”). Subject to certain conditions, including covenant compliance and additional fees, the Revolving Credit Facility maturity date may be extended up to one year. The credit agreement for the $ 1.2 billion credit facility contains mandatory prepayment requirements, customary affirmative and negative covenants (as described below), restrictions on certain investments and events of default. The Company may make voluntary prepayments, in whole or in part, at any time. Interest payments on the $ 1.2 billion credit facility are due monthly, and the interest rate, subject to certain exceptions, is equal to the one-month SOFR plus a 0.10 % SOFR spread adjustment plus a margin ranging from 1.35 % to 2.25 %, depending upon the Company’s leverage ratio, as calculated under the terms of the credit agreement. As of December 31, 2024 , the Company had availability of $ 567.5 million under the Revolving Credit Facility. The Company is also required to pay quarterly an unused facility fee at an annual rate of 0.20 % or 0.25 % on the unused portion of the Revolving Credit Facility, based on the amount of borrowings outstanding during the quarter. $225 Million Term Loan Facility The Company also has an unsecured $ 225 million term loan facility that is comprised of (i) a $ 50 million term loan with an initial maturity date of August 2, 2023 , which was funded on August 2, 2018 , and (ii) a $ 175 million term loan with a maturity date of August 2, 2025 , of which $ 100 million was funded on August 2, 2018, and the remaining $ 75 million was funded on January 29, 2019 (the term loans described in clauses (i) and (ii) are referred to together as the “$ 225 million term loan facility”) . On July 19, 2023, the Company entered into an amendment of its $ 225 million term loan facility, which extended the maturity date of the existing $ 50 million term loan by two years to August 2, 2025 . The Company may make voluntary prepayments, in whole or in part, at any time, subject to certain conditions. Interest payments on the $ 225 million term loan facility are due monthly and the interest rate, subject to certain exceptions, is equal to an annual rate of the one-month SOFR plus a 0.10 % SOFR spread adjustment plus a margin ranging from 1.35 % to 2.50 %, depending upon the Company’s leverage ratio, as calculated under the terms of the credit agreement. $130 Million Term Loan Facility On July 25, 2017, the Company entered into an unsecured $ 85 million term loan facility with an initial maturity date of July 25, 2024 , consisting of one term loan (the “2017 $ 85 million term loan facility”) that was funded at closing. Interest payments on the 2017 $ 85 million term loan facility were due monthly, and the interest rate, subject to certain exceptions, was equal to an annual rate of the one-month SOFR plus a 0.10 % SOFR spread adjustment plus a margin ranging from 1.30 % to 2.10 %, depending upon the Company’s leverage ratio, as calculated under the terms of the credit agreement. On July 17, 2024, the Company amended the 2017 $ 85 million term loan facility, which increased the amount of the term loan facility to $ 130 million, with the additional $ 45 million funded at closing (the "$ 130 million term loan facility"), and extended the maturity date to July 25, 2026 . The interest rate, subject to certain exceptions, is equal to an annual rate of the one-month SOFR plus a 0.10 % SOFR spread adjustment plus a margin ranging from 1.35 % to 2.20 %, depending on the Company's leverage ratio, as calculated under the terms of the amended credit agreement. Subject to certain conditions, including covenant compliance and additional fees, the maturity date of the $ 130 million term loan facility may be extended by the Company to July 25, 2027. The Company may make voluntary prepayments, in whole or in part, at any time, subject to certain conditions. $85 Million Term Loan Facility On December 31, 2019, the Company entered into an unsecured $ 85 million term loan facility with a maturity date of December 31, 2029 , consisting of one term loan funded at closing (the “$ 85 million term loan facility”). The Company may make voluntary prepayments, in whole or in part, subject to certain conditions. Interest payments on the $ 85 milli on term loan facility are due monthly, and the interest rate, subject to certain exceptions, is equal to an annual rate of the one-month SOFR plus a 0.10 % SOFR spread adjustment plus a margin ranging from 1.70 % to 2.55 %, depending upon the Company’s leverage ratio, as calculated under the terms of the credit agreement. $50 Million Senior Notes Facility On March 16, 2020, the Company entered into an unsecured $ 50 million senior notes facility with a maturity date of March 31, 2030 , consisting of senior notes totaling $ 50 million funded at closing (the “$ 50 million senior notes facility”). T he Company may make voluntary prepayments, in whole or in part, at any time, subject to certain conditions, including make-whole provisions. Interest payments on the $ 50 million senior notes facility are due quarterly, and the interest rate, subject to certain exceptions, ranges from an annual rate of 3.60 % to 4.35 % depending on the Company’s leverage ratio, as calculated under the terms of the note agreement. $75 Million Senior Notes Facility On June 2, 2022, the Company entered into an unsecured $ 75 million senior notes facility with a maturity date of June 2, 2029 , consisting of senior notes totaling $ 75 million funded at closing (the “$ 75 million senior notes facility”, and collectively with the $ 1.2 billion credit facility, the $ 225 million term loan facility, the $ 130 million term loan facility, the $ 85 million term loan facility and the $ 50 million senior notes facility, the “unsecured credit facilities”). The Company may make voluntary prepayments, in whole or in part, at any time, subject to certain conditions, including make-whole provisions. Interest payments on the $ 75 million senior notes facility are due quarterly, and the interest rate, subject to certain exceptions, ranges from an annual rate of 4.88 % to 5.63 % depending on the Company’s leverage ratio, as calculated under the terms of the note agreement. As of December 31, 2024 and 2023, the details of the Company’s unsecured credit facilities were as set forth in the table below. All dollar amounts are in thousands. Outstanding Balance Interest Rate Maturity December 31, 2024 December 31, 2023 Revolving credit facility (1) SOFR + 0.10 % + 1.40 % - 2.25 % 7/25/2026 $ 82,500 $ - Term loans and senior notes $275 million term loan SOFR + 0.10 % + 1.35 % - 2.20 % 7/25/2027 275,000 275,000 $300 million term loan SOFR + 0.10 % + 1.35 % - 2.20 % 1/31/2028 300,000 300,000 $50 million term loan SOFR + 0.10 % + 1.35 % - 2.20 % 8/2/2025 (3) 50,000 50,000 $175 million term loan SOFR + 0.10 % + 1.65 % - 2.50 % 8/2/2025 (3) 175,000 175,000 $130 million term loan SOFR + 0.10 % + 1.35 % - 2.20 % 7/25/2026 (4) 130,000 85,000 $85 million term loan SOFR + 0.10 % + 1.70 % - 2.55 % 12/31/2029 85,000 85,000 $50 million senior notes 3.60 % - 4.35 % 3/31/2030 50,000 50,000 $75 million senior notes 4.88 % - 5.63 % 6/2/2029 75,000 75,000 Term loans and senior notes at stated 1,140,000 1,095,000 Unamortized debt issuance costs ( 4,825 ) ( 6,096 ) Term loans and senior notes, net 1,135,175 1,088,904 Credit facilities, net (1) $ 1,217,675 $ 1,088,904 Weighted-average interest rate (2) 4.88 % 4.35 % (1) Excludes unamortized debt issuance costs related to the Revolving Credit Facility totaling approximately $ 2.1 million and $ 3.5 million as of December 31, 2024 and December 31, 2023 , respectively, which are included in other assets, net in the Company’s consolidated balance sheets. (2) Interest rate represents the weighted-average effective annual interest rate at the balance sheet date which includes the effect of interest rate swaps in effect on $ 735.0 million and $ 820.0 million of the outstanding variable-rate debt as of December 31, 2024 and 2023 , respectively. See Note 5 for more information on the interest rate swap agreements. The one-month SOFR at December 31, 2024 and December 31, 2023 was 4.33 % and 5.35 %, respectively. (3) The Company plans to pay outstanding amounts and service payments due upon the upcoming debt maturity date using funds from operations, borrowings under its Revolving Credit Facility, proceeds from new financing, available credit extensions under its unsecured credit facilities or refinancing the maturing debt. (4) On July 17, 2024, the Company amended the 2017 $ 85 million term loan facility, which increased the amount of the term loan facility to $ 130 million, with the additional $ 45 million funded at closing, and extended the maturity date to July 25, 2026 . The interest rate, subject to certain exceptions, is equal to an annual rate of the one-month SOFR plus a 0.10 % SOFR spread adjustment plus a margin ranging from 1.35 % to 2.20 %, depending on the Company's leverage ratio, as calculated under the terms of the amended credit agreement. Subject to certain conditions, including covenant compliance and additional fees, the maturity date of the $ 130 million term loan facility may be extended by the Company to July 25, 2027. Credit Facilities Covenants The credit agreements governing the unsecured credit facilities (collectively, the “credit agreements”) contain mandatory prepayment requirements, customary affirmative and negative covenants, restrictions on certain investments and events of default, including the following financial and restrictive covenants (capitalized terms not defined below are defined in the credit agreements): • A ratio of Consolidated Total Indebtedness to Consolidated EBITDA (“Maximum Consolidated Leverage Ratio”) of not more than 7.25 to 1.00; • A ratio of Consolidated Secured Indebtedness to Consolidated Total Assets (“Maximum Secured Leverage Ratio”) of not more than 45 %; • A minimum Consolidated Tangible Net Worth of approximately $ 3.4 billion plus an amount equal to 75 % of the Net Cash Proceeds from issuances and sales of Equity Interests occurring after the Closing Date, July 25, 2022, subject to adjustment; • A ratio of Adjusted Consolidated EBITDA to Consolidated Fixed Charges (“Minimum Fixed Charge Coverage Ratio”) of not less than 1.50 to 1.00 for the trailing four full quarters; • A ratio of Unencumbered Adjusted NOI to Consolidated Implied Interest Expense for Consolidated Unsecured Indebtedness (“Minimum Unsecured Interest Coverage Ratio”) of not less than 2.00 to 1.00 for the trailing four full quarters; • A ratio of Consolidated Unsecured Indebtedness to Unencumbered Asset Value (“Maximum Unsecured Leverage Ratio”) of not more than 60 % (subject to a higher level in certain circumstances); and • A ratio of Consolidated Secured Recourse Indebtedness to Consolidated Total Assets (“Maximum Secured Recourse Indebtedness”) of not more than 10 %. The Company was in compliance with the applicable covenants at December 31, 2024 . Mortgage Debt As of December 31, 2024, the Company had approximately $ 254.3 million in outstanding mortgage debt secured by 14 properties with maturity dates ranging from April 2025 to May 2038 , stated interest rates ranging from 3.40 % to 4.46 % and effective interest rates ranging from 3.40 % to 4.37 %. The loans generally provide for monthly payments of principal and interest on an amortized basis and defeasance or prepayment penalties if prepaid. The following table sets forth the hotel properties securing each loan, the interest rate, loan assumption or origination date, maturity date, the principal amount assumed or originated, and the outstanding balance prior to any fair value adjustments or debt issuance costs as of December 31, 2024 and 2023 for each of the Company’s mortgage debt obligations. All dollar amounts are in thousands. Location Brand Interest (1) Loan Maturity Principal Outstanding Outstanding New Orleans, LA Homewood Suites 4.36 % 7/17/2014 (2) 27,000 - 20,304 Westford, MA Residence Inn 4.28 % 3/18/2015 4/11/2025 (3) 10,000 7,391 7,713 Denver, CO Hilton Garden Inn 4.46 % 9/1/2016 6/11/2025 (3) 34,118 26,229 27,337 Oceanside, CA Courtyard 4.28 % 9/1/2016 10/1/2025 (3) 13,655 11,381 11,707 Omaha, NE Hilton Garden Inn 4.28 % 9/1/2016 10/1/2025 (3) 22,681 18,904 19,445 Boise, ID Hampton 4.37 % 5/26/2016 6/11/2026 24,000 20,156 20,685 Burbank, CA Courtyard 3.55 % 11/3/2016 12/1/2026 25,564 19,698 20,526 San Diego, CA Courtyard 3.55 % 11/3/2016 12/1/2026 25,473 19,628 20,453 San Diego, CA Hampton 3.55 % 11/3/2016 12/1/2026 18,963 14,611 15,226 Burbank, CA SpringHill Suites 3.94 % 3/9/2018 4/1/2028 28,470 23,385 24,237 Santa Ana, CA Courtyard 3.94 % 3/9/2018 4/1/2028 15,530 12,756 13,221 Richmond, VA Courtyard 3.40 % 2/12/2020 3/11/2030 14,950 13,509 13,832 Richmond, VA Residence Inn 3.40 % 2/12/2020 3/11/2030 14,950 13,509 13,832 Portland, ME Residence Inn 3.43 % 3/2/2020 3/1/2032 33,500 30,500 30,500 San Jose, CA Homewood Suites 4.22 % 12/22/2017 5/1/2038 30,000 22,643 23,984 $ 338,854 254,300 283,002 Unamortized fair value adjustment 192 526 Unamortized debt issuance costs ( 715 ) ( 938 ) Total $ 253,777 $ 282,590 (1) Interest rates are the rates per the loan agreement. For loans assumed, the Company adjusted the interest rates per the loan agreement to market rates and is amortizing the adjustments to interest expense over the life of the loan. (2) Loan was repaid in full on August 12, 2024. (3) The Company plans to pay the outstanding amount and service payments due upon the upcoming debt maturity date using funds from operations, borrowings under its Revolving Credit Facility and/or proceeds from new financing. The total fair value, net premium adjustment for all of the Company’s debt assumptions is being amortized as a reduction to interest expense over the remaining term of the respective mortgages using a method approximating the effective interest rate method, and totaled approximately $ 0.3 million, $ 0.3 million and $ 0.2 million for the years ended December 31, 2024, 2023 and 2022, respectively. Debt issuance costs related to the assumption or origination of debt are amortized over the period to maturity of the applicable debt instrument, as an addition to interest expense, and totaled approximately $ 3.8 million, $ 3.6 million and $ 4.0 million for the three years ended December 31, 2024, 2023 and 2022, respectively. The Company’s interest expense in 2024, 2023 and 2022 is net of interest capitalized in conjunction with hotel renovations totaling approximately $ 1.4 million, $ 1.5 million and $ 1.3 million, respectively.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 5 Fair Value of Financial Instruments Except as described below, the carrying value of the Company’s financial instruments approximates fair value due to the short-term nature of these financial instruments. Debt The Company estimates the fair value of its debt by discounting the future cash flows of each instrument at estimated market rates consistent with the maturity of a debt obligation with similar credit terms and credit characteristics, which are Level 3 inputs under the fair value hierarchy. Market rates take into consideration general market conditions and maturity. As of December 31, 2024, the carrying value and estimated fair value of the Company’s debt were approximately $ 1.5 billion and $ 1.4 billion , respectively. As of December 31, 2023 , the carrying value and estimated fair value of the Company’s debt were approximately $ 1.4 billion and $ 1.3 billion, respectively. Both the carrying value and estimated fair value of the Company’s debt (as discussed above) are net of unamortized debt issuance costs related to term loans and mortgage debt for each specific year. Derivative Instruments Currently, the Company uses interest rate swaps to manage its interest rate risk on variable-rate debt. Throughout the terms of these interest rate swaps, the Company pays a fixed rate of interest and receives a floating rate of interest equal to the one-month SOFR plus a 0.10 % SOFR spread adjustment . The swaps are designed to effectively fix the interest payments on variable-rate debt instruments. These swap instruments are recorded at fair value and, if in an asset position, are included in other assets, net, and, if in a liability position, are included in accounts payable and other liabilities in the Company’s consolidated balance sheets. The fair values of the Company’s interest rate swap agreements are determined using the market standard methodology of netting the discounted future fixed cash payments and the discounted expected variable cash receipts, which is considered a Level 2 measurement under the fair value hierarchy. The variable cash receipts are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. The following table sets forth information for each of the Company’s interest rate swap agreements outstanding as of December 31, 2024 and 2023. All dollar amounts are in thousands. Fair Value Asset (Liability) Notional Amount at December 31, 2024 Origination Effective Maturity Swap Fixed December 31, December 31, Active interest rate swaps designated as cash flow hedges at December 31, 2024: $ 75,000 8/21/2019 5/18/2020 5/18/2025 1.26 % $ 887 $ 3,273 50,000 6/1/2018 1/31/2019 6/30/2025 2.88 % 361 1,117 25,000 12/6/2018 1/31/2020 6/30/2025 2.74 % 197 608 75,000 8/21/2019 5/18/2021 5/18/2026 1.29 % 2,924 4,580 125,000 11/3/2023 11/3/2023 11/18/2026 4.51 % ( 860 ) ( 2,333 ) 50,000 8/2/2024 8/2/2024 8/18/2027 3.63 % 590 - 50,000 8/1/2024 8/5/2024 8/31/2027 3.84 % 344 - 50,000 3/17/2023 3/20/2023 3/18/2028 3.50 % 910 268 50,000 3/17/2023 3/20/2023 3/20/2028 3.49 % 900 242 50,000 8/1/2024 8/5/2024 8/18/2028 3.75 % 554 - 50,000 7/18/2024 7/18/2024 7/18/2029 3.96 % 270 - 85,000 12/31/2019 12/31/2019 12/31/2029 1.87 % 8,510 7,788 735,000 15,587 15,543 Matured interest rate swaps at December 31, 2024: 50,000 12/7/2018 5/18/2020 1/31/2024 2.71 % - 114 75,000 5/31/2017 7/31/2017 6/30/2024 1.95 % - 1,202 10,000 8/10/2017 8/10/2017 6/30/2024 2.02 % - 157 50,000 7/2/2019 7/5/2019 7/18/2024 1.64 % - 956 50,000 8/21/2019 8/23/2019 8/18/2024 1.31 % - 1,193 50,000 8/21/2019 8/23/2019 8/30/2024 1.32 % - 1,239 $ 285,000 - 4,861 $ 15,587 $ 20,404 The Company assesses, both at inception and on an ongoing basis, the effectiveness of its qualifying cash flow hedges. As of December 31, 2024, all 12 active interest rate swap agreements listed above were designated as cash flow hedges. The change in the fair value of the Company’s designated cash flow hedges is recorded to accumulated other comprehensive income, a component of shareholder’s equity in the Company’s consolidated balance sheets. Amounts reported in accumulated other comprehensive income will be reclassified to interest and other expense, net as interest payments are made or received on the Company’s variable-rate derivatives. The Company estimates that approximately $ 6.7 million of net unrealized gains included in accumulated other comprehensive income at December 31, 2024 will be reclassified as a decrease to interest and other expense, net within the next 12 months. The following tables present the effect of derivative instruments in cash flow hedging relationships in the Company’s consolidated statements of operations and comprehensive income for the years ended December 31, 2024, 2023 and 2022 (in thousands): Net Unrealized Gain Recognized in Other Comprehensive Income (Loss) 2024 2023 2022 Interest rate derivatives in cash flow hedging $ 15,200 $ 5,870 $ 52,714 Net Unrealized Gain Reclassified from Accumulated Other Comprehensive Income to Interest and Other Expense, net 2024 2023 2022 Interest rate derivatives in cash flow hedging $ 20,017 $ 22,347 $ 325

Related Parties

Related Parties	12 Months Ended
	Dec. 31, 2024
Related Party Transactions [Abstract]
Related Parties	Note 6 Related Parties The Company has engaged in, and is expected to continue to engage in, transactions with related parties. These transactions cannot be construed to be at arm’s length, and the results of the Company’s operations may have been different if these transactions were conducted with non-related parties. The Company’s independent members of the Board of Directors oversee and annually review the Company’s related party relationships (including the relationships discussed in this section) and are required to approve any significant modifications to the existing relationships, as well as any new significant related party transactions. The Board of Directors is not required to approve each individual transaction that falls under the related party relationships. However, under the direction of the Board of Directors, at least one member of the Company’s senior management team approves each related party transaction. Below is a summary of the significant related party relationships in effect and transactions that occurred during each of the three years ended December 31, 2024, 2023 and 2022, respectively. Glade M. Knight, Executive Chairman of the Company, owns Apple Realty Group, Inc. (“ARG”), which receives support services from the Company and reimburses the Company for the cost of these services as discussed below. Mr. Knight is also currently a partner and Chief Executive Officer of Energy 11 GP, LLC and Energy Resources 12 GP, LLC, which are the respective general partners of Energy 11, L.P. and Energy Resources 12, L.P., each of which receives support services from ARG. The Company provides support services, including the use of the Company’s employees and corporate office, to ARG and is reimbursed by ARG for the cost of these services. Under this cost sharing structure, amounts reimbursed to the Company include both compensation for personnel and office related costs (including office rent, utilities, office supplies, etc.) used by ARG. The amounts reimbursed to the Company are based on the actual costs of the services and a good faith estimate of the proportionate amount of time incurred by the Company’s employees on behalf of ARG. Total reimbursed costs allocated by the Company to ARG for the years ended December 31, 2024, 2023 and 2022 totaled approximately $ 1.5 million, $ 1.2 million and $ 1.0 million, respectively, and are recorded as a reduction to general and administrative expenses in the Company’s consolidated statements of operations. As part of the cost sharing arrangement, certain day-to-day transactions may result in amounts due to or from the Company and ARG. To efficiently manage cash disbursements, the Company or ARG may make payments for the other company. Under this cash management process, each company may advance or defer up to $ 1 million at any time. Each quarter, any outstanding amounts are settled between the companies. This process allows each company to minimize its cash on hand and reduces the cost for each company. The amounts outstanding at any point in time are not significant to either of the companies. As of December 31, 2024 and 2023 , total amounts due from ARG for reimbursements under the cost sharing structure totaled approximately $ 0.5 million for each year, and are included in other assets, net in the Company’s consolidated balance sheets. The Company, through its wholly-owned subsidiary, Apple Air Holding, LLC, owns a Learjet used primarily for acquisition, asset management, renovation, investor, corporate and public relations and other business purposes. The aircraft is also leased to affiliates of the Company based on third-party rates. Lease activity was not significant during the reporting periods. From time to time, the Company utilizes aircraft, owned by an entity which is owned by the Company’s Executive Chairman, for acquisition, asset management, renovation, investor, corporate and public relations and other business purposes, and reimburses this entity at third-party rates. Total costs incurred for the use of the aircraft during 2024, 2023 and 2022 were less than $ 0.1 million in each respective year and are included in general and administrative expenses in the Company’s consolidated statements of operations.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2024
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Note 7 Shareholders’ Equity Distributions For the three years ended December 31, 2024, 2023 and 2022 , the Company paid distributions of $ 1.01 , $ 1.04 and $ 0.61 per common share, respectively, for a total of approximately $ 243.7 million, $ 238.3 million and $ 139.5 million, respectively . For the year ended December 31, 2024, i n addition to the regular monthly cash distribution of $ 0.08 per common share for December 2024, the Board of Directors approved a special one-time distribution of $ 0.05 per common share for a combined distribution of $ 0.13 per common share, totaling $ 31.2 million, which was recorded as a payable as of December 31, 2024 and paid in January 2025 . For the year ended December 31, 2023, in addition to the regular monthly cash distribution of $ 0.08 per common share approved by the Board of Directors in December 2023, the Board of Directors approved a special one-time distribution of $ 0.05 per common share for a combined distribution of $ 0.13 per common share, totaling $ 31.4 million, which was recorded as a payable as of December 31, 2023 and paid in January 2024 . These accrued distributions were included in accounts payable and other liabilities in the Company’s consolidated balance sheets at December 31, 2024 and December 31, 2023, respectively. Issuance of Shares On February 23, 2024, the Company entered into an equity distribution agreement pursuant to which the Company may sell, from time to time, up to an aggregate of $ 500 million of its common shares under an at-the-market offering program (the “ATM Program”) under the Company’s shelf registration statement. During the year ended December 31, 2024, the Company did no t sell any common shares under the ATM Program, and no common shares were sold during the year ended December 31, 2024 under the previous $ 300 million at-the-market offering program (the “Prior ATM Program”), which was terminated in February 2024 in connection with the commencement of the current ATM Program. During the year ended December 31, 2023, the Company sold approximately 12.8 million shares under the Prior ATM Program at a weighted-average market sales price of approximately $ 17.05 per common share and received aggregate gross proceeds of approximately $ 218.6 million and proceeds net of offering costs, which included $ 2.6 million of commissions, of approximately $ 216.0 million. The Company used the net proceeds from the sale of these shares to pay down borrowings under the Revolving Credit Facility, for acquisitions of hotel properties and for general corporate purposes. As of December 31, 2024, approximately $ 500 million remained available for issuance under the ATM Program. The Company plans to use future net proceeds from the sale of shares under the ATM Program, or under a similar successor program, for general corporate purposes which may include, among other things, acquisitions of additional properties, the repayment of outstanding indebtedness, capital expenditures, improvement of properties in its portfolio and working capital. The Company may also use the net proceeds to acquire another REIT or other company that invests in income producing properties. Share Repurchases In May 2024, the Company’s Board of Directors approved a one-year extension of its existing share repurchase program, authorizing share repurchases up to an aggregate of $ 335.4 million (the “Share Repurchase Program”). The Share Repurchase Program may be suspended or terminated at any time by the Company and will end in July 2025 if not terminated or extended earlier. The Company previously entered into and expects to continue to enter into written trading plans as part of the Share Repurchase Program that provide for share repurchases in open market transactions that are intended to comply with Rule 10b5-1 under the Exchange Act. During the year ended December 31, 2024, the Company purchased, under its Share Repurchase Program, approximately 2.4 million of its common shares at a weighted-average market purchase price of approximately $ 14.16 per common share for an aggregate purchase price, including commissions, of approximately $ 34.7 million. Repurchases under the Share Repurchase Program have been funded, and the Company intends to fund future repurchases, with cash on hand, proceeds from dispositions or availability under its unsecured credit facilities, subject to applicable restrictions under the Company’s unsecured credit facilities (if any). The timing of share repurchases and the number of common shares to be repurchased under the Share Repurchase Program will also depend upon prevailing market conditions, regulatory requirements and other factors. As of December 31, 2024, approximately $ 300.8 million remained available for purchase under the Share Repurchase Program. Preferred Shares No preferred shares of the Company are issued and outstanding. The Company’s amended and restated articles of incorporation authorize issuance of up to 30 million preferred shares.

Compensation Plans

Compensation Plans	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Compensation Plans	Note 8 Compensation Plans In March 2024, the Board of Directors adopted the Company’s 2024 Omnibus Incentive Plan (the “2024 Omnibus Plan”), and in May 2024, the Company’s shareholders approved the 2024 Omnibus Plan, terminating the 2014 Omnibus Incentive Plan (the “2014 Omnibus Plan”) with respect to any common shares that were not subject to any outstanding awards under the plan. Following its termination, no additional awards can be made under the 2014 Omnibus Plan, but the terms and conditions of any outstanding awards granted under the 2014 Omnibus Plan were not affected. Upon termination of the 2014 Omnibus Plan on May 23, 2024, approximately 1.1 million shares were subject to outstanding awards (which included an estimated number of common shares based on “target” performance with respect to February 2024 awards authorized under the 2014 Omnibus Plan in February 2024, which were outstanding but not yet earned under the 2014 Omnibus Plan). As of December 31, 2024, approximately 0.7 million shares remained available for issuance pursuant to outstanding awards under the 2014 Omnibus Plan. The 2024 Omnibus Plan permits the grant of awards of stock options, stock appreciation rights, restricted stock, stock units, deferred stock units, unrestricted stock, dividend equivalent rights, performance shares and other performance-based awards, other equity-based awards, and cash bonus awards to any employee, officer, or director of the Company or an affiliate of the Company, a consultant or adviser currently providing services to the Company or an affiliate of the Company, or any other person whose participation in the 2024 Omnibus Plan is determined by the Compensation Committee of the Board of Directors (the “Compensation Committee”) to be in the best interests of the Company. The maximum number of the Company’s common shares available for issuance under the 2024 Omnibus Plan is 7.25 million. As of December 31, 2024 , there were approximately 7.2 million common shares available for issuance under the 2024 Omnibus Plan. The Company annually establishes an incentive plan for its executive management team, which is approved by the Compensation Committee. Under the incentive plan for 2024 (the “2024 Incentive Plan”), participants are eligible to receive incentive compensation based on the achievement of certain 2024 performance measures, with one-half ( 50 %) of incentive compensation based on operational performance goals and met rics and one-half ( 50 %) of incentive compensation based on shareholder return metrics. With respect to the shareholder return metrics, 75 % of the target was based on shareholder return relative to a peer group and 25 % was based on total shareholder return metrics over one-year, two-year, and three-year periods. With respect to the operational performance goals and metrics , 75 % of the operational performance target was based on the following metrics: Comparable Hotels RevPAR growth, Comparable Hotels Adjusted Hotel EBITDA margin, Adjusted EBITDAre, Modified Funds from Operations per share and the Company’s 2024 capital expenditures, equally weighted at 15 % (non-GAAP financial measures are defined elsewhere within this Annual Report on Form 10-K). The remaining 25 % of the operational performance target was based on operational performance goals, including management of capital structure and capital allocation, as well as the build out of proprietary market forecasting capabilities . As of December 31, 2024, the range of potential aggregate payouts under the 2024 Incentive Plan was $ 0 - $ 27.8 million. Based on performance during 2024 , the Company accrued approximately $ 15.0 million as a liability for executive incentive compensation payments under the 2024 Incentive Plan, which is included in accounts payable and other liabilities in the Company’s consolidated balance sheet as of December 31, 2024 and in general and administrative expenses in the Company’s consolidated statement of operations for the year ended December 31, 2024 . Additionally, approximately $ 1.8 million, which is subject to vesting on December 12, 2025, will be recognized proportionally throughout 2025. Approximately 25 % of target awards under the 2024 Incentive Plan will be paid in cash, and 75 % will be issued in common shares under the Company’s 2014 Omnibus Plan. The portion of awards under the 2024 Incentive Plan payable in common shares will be issued under the Company’s 2014 Omnibus Plan during the first quarter of 2025, approximately two-thirds of which will be unrestricted and one-third of which will be restricted and is subject to vesting on December 12, 2025. Under the incentive plan for 2023 (the “2023 Incentive Plan”), the Company accrued approximately $ 20.9 million including $ 14.8 million in share-based compensation as noted below, as a liability for executive incentive compensation payments, which was included in accounts payable and other liabilities in the Company’s consolidated balance sheet as of December 31, 2023 and in general and administrative expenses in the Company’s consolidated statement of operations for the year ended December 31, 2023. Under the incentive plan for 2022 (the “2022 Incentive Plan”), the Company accrued approximately $ 18.1 million, including $ 12.5 million in share-based compensation as noted below, as a liability for executive incentive compensation payments, which was included in general and administrative expenses in the Company’s consolidated statement of operations for the year ended December 31, 2022. Share-Based Compensation Awards The following table sets forth information pertaining to the share-based compensation issued under the 2023 Incentive Plan, the 2022 Incentive Plan and the incentive plan for 2021 (the “2021 Incentive Plan”): 2023 Incentive Plan 2022 Incentive Plan 2021 Incentive Plan Period common shares issued First Quarter 2024 First Quarter 2023 First Quarter 2022 Common shares earned under each incentive plan 1,110,664 935,189 868,079 Common shares surrendered on issuance date to satisfy tax 306,346 263,026 245,597 Common shares earned and issued under each incentive plan, net of 804,318 672,163 622,482 Average of the high and low stock price on issuance date $ 16.27 $ 16.70 $ 17.79 Total share-based compensation earned, including the $ 18.1 (1) $ 15.6 (2) $ 15.4 (3) Of the total common shares earned and issued, total common shares 399,842 360,176 338,032 Of the total common shares earned and issued, total common shares 404,476 311,987 284,450 Restricted common shares vesting date December 13, 2024 December 8, 2023 December 9, 2022 Common shares surrendered on vesting date to satisfy tax 170,970 134,085 114,147 (1) Of the total 2023 share-based compensation, approximately $ 14.8 million was recognized as share-based compensation expense during the year ended December 31, 2023, and included in accounts payable and other liabilities in the Company's consolidated balance sheet at December 31, 2023 , and the remaining $ 3.3 million, which vested on December 13, 2024 and excludes any restricted shares forfeited or vested prior to that date, was recognized as share-based compensation expense during the year ended December 31, 2024 . (2) Of the total 2022 share-based compensation, approximately $ 12.5 million was recognized as share-based compensation expense during the year ended December 31, 2022, and included in accounts payable and other liabilities in the Company's consolidated balance sheet at December 31, 2022 , and the remaining $ 2.6 million, which vested on December 8, 2023 and excludes any restricted shares forfeited or vested prior to that date, was recognized as share-based compensation expense during the year ended December 31, 2023 . (3) Of the total 2021 share-based compensation, approximately $ 2.5 million, which vested on December 9, 2022 and excludes any restricted shares forfeited or vested prior to that date, was recognized as share-based compensation expense during the year ended December 31, 2022 . Additionally, in conjunction with the appointment of five new officers of the Company on April 1, 2020, the Company issued to the new officer group a total of approximately 200,000 restricted common shares with an aggregate grant date fair value of approximately $ 1.8 million. For each grantee, the restricted shares vested on March 31, 2023 . The expense associated with the awards was amortized over the 3 -year vesting period. For the years ended December 31, 2023 and 2022, the Company recognized approximately $ 0.1 million and $ 0.6 million, respectively, of share-based compensation expense related to these awards. Upon vesting on March 31, 2023, approximately 83,000 shares were surrendered to satisfy tax withholding obligations. Non-Employee Director Deferral Program In 2018, the Board of Directors adopted the Non-Employee Director Deferral Program (the “Director Deferral Program”) under the Omnibus Plan for the purpose of providing non-employee members of the Board of Directors the opportunity to elect to defer receipt of all or a portion of the annual retainer payable to them for their service on the Board of Directors, including amounts payable in both cash and fully vested shares of the Company’s common shares, in the form of deferred cash fees (“DCFs”) and/or deferred stock units (“DSUs”). DCFs and DSUs that are issued to the Company’s non-employee directors are fully vested and non-forfeitable on the grant date. The grant date fair values of DCFs are equal to the dollar value of the deferred fee on the grant date, while the grant date fair values of DSUs are equal to the fair market value of the Company’s common shares on the grant date. DCFs are settled for cash and DSUs are settled for shares of the Company’s common stock, which are deliverable upon either: i) termination of the director’s service from the Board of Directors, ii) a date previously elected by the director, or iii) the earlier of the two dates, as determined by the director at the time he or she makes the election. The deferred amounts will also be paid if prior to the date specified by the director, the Company experiences a change in control or upon death of the director. During the years ended December 31, 2024, 2023 and 2022 , non-employee directors participating in the Director Deferral Program deferred approximately $ 0.1 million, $ 0.2 million and $ 0.3 million, respectively, which is recorded as deferred compensation expense in general and administrative expenses in the Company’s consolidated statements of operations for the years then ended. On each quarterly deferral date (the date that a portion of the annual retainer would be paid), dividends earned on DSUs are credited to the deferral account in the form of additional DSUs based on dividends declared by the Company on its outstanding common shares during the quarter and the fair value of the common shares on such date. Outstanding DSUs at December 31, 2024 and 2023 were approximately 8 1,000 and 76,000 , with weighted-average grant date fair value for both years of $ 15.48 , valued at approximately $ 1.3 m illion and $ 1.2 million, respectively, which is included in common stock, a component of shareholders’ equity in the Company’s consolidated balance sheets as of December 31, 2024 and 2023. In 2024, the Director Deferral Program was amended and restated for the purpose of continuing the plan with respect to awards under the 2024 Omnibus Plan.

Management and Franchise Agreem

Management and Franchise Agreements	12 Months Ended
	Dec. 31, 2024
Contractors [Abstract]
Management and Franchise Agreements	Note 9 Management and Franchise Agreements Each of the Company’s 221 hotels owned as of December 31, 2024 is operated and managed under a separate management agreement with one of the following management companies or one of their affiliates, none of which are affiliated with the Company: Manager Number of LBAM-Investor Group, LLC (“LBA”) 33 Dimension Development Two, LLC (“Dimension”) 31 Crestline Hotels & Resorts, LLC (“Crestline”) 25 Raymond Management Company, Inc. (“Raymond”) 21 Hersha Hospitality Management L.P. (“HHM”) 19 Texas Western Management Partners, LP (“Western”) 16 Marriott International, Inc. (“Marriott”) 13 MHH Management, LLC (“McKibbon”) 13 North Central Hospitality, LLC (“North Central”) 11 Newport Hospitality Group, Inc. (“Newport”) 10 Chartwell Hospitality, LLC (“Chartwell”) 9 InnVentures IVI, LP (“InnVentures”) (1) 9 Concord Hospitality Enterprises Company, LLC (“Concord”) 4 Huntington Hotel Group, LP (“Huntington”) 3 White Lodging Services Corporation (“White Lodging”) 3 Highgate Hotels, L.P. ("Highgate") 1 Total 221 (1) InnVentures is a subsidiary of Highgate. The management agreements generally provide for initial terms of one to 30 years and are terminable by the Company for either failure to achieve performance thresholds, upon sale of the property, or without cause. As of December 31, 2024, approximately 82 % of the Company’s hotels operated under a variable management fee agreement, with an average initial term of approximately one to two years , which the Company believes better aligns incentives for each hotel manager to maximize each property’s performance than a base-plus-incentive management fee structure , as described below, which is more common throughout the industry. Under the variable fee structure, the management fee earned for each hotel is generally within a range of 2.5 % to 3.5 % of gross revenues. The performance measures are based on various financial and quality performance metrics. The Company’s remaining hotels operate under a management fee structure which generally includes the payment of base management fees and an opportunity for incentive management fees. Under this structure, base management fees are calculated as a percentage of gross revenues and the incentive management fees are calculated as a percentage of operating profit in excess of a priority return to the Company, as defined in the management agreements. In addition to the above, management fees for all of the Company’s hotels generally include accounting fees and other fees for centralized services, which are allocated among all of the hotels that receive the benefit of such services. During 2022, in response to continued uncertainties related to the COVID-19 pandemic and its impact on hotel performance, the management fee under all variable management fee agreements was set to 3 % of gross revenues . The Company reinstated the variable management fee rates in 2023. For the years ended December 31, 2024, 2023 and 2022, the Company incurred approximately $ 46.7 million , $ 44.3 million and $ 41.8 million , respectively, in management fees. Thirteen of the Company’s hotels are managed by affiliates of Marriott. The remainder of the Company’s hotels are managed by companies that are not affiliated with either Marriott, Hilton or Hyatt, and as a result, the branded hotels they manage were required to obtain separate franchise agreements with each respective franchisor. The franchise agreements generally provide for initial terms of approximately 10 to 30 years and generally provide for renewals subject to franchise requirements at the time of renewal. The Company pays various fees under these agreements, including the payment of royalty fees, marketing fees, reservation fees, a communications support fee, brand loyalty program fees and other similar fees based on room revenues. For the years ended December 31, 2024, 2023 and 2022, the Company incurred approximately $ 64.0 million , $ 59.3 million and $ 53.9 million , respectively, in franchise royalty fees.

Lease Commitments

Lease Commitments	12 Months Ended
	Dec. 31, 2024
Lessee Operating And Financing Leases [Abstract]
Lease Commitments	Note 10 Lease Commitments The Company is the lessee on certain ground leases, hotel equipment leases and office space leases. As of December 31, 2024 , the Company had 14 properties subject to ground leases and three parking lot ground leases with remaining terms ranging from approximately 14 to 94 years, excluding renewal options. Certain of its ground leases have options to extend beyond the initial lease term by periods ranging from five to 120 years . Leases with durations greater than 12 months are recognized on the balance sheet as right-of-use (“ROU”) assets and lease liabilities. The Company’s leases are classified as operating or finance leases. For leases with terms greater than 12 months, at inception of the lease the Company recognizes a ROU asset and lease liability at the estimated present value of the minimum lease payments over the lease term. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Many of the Company’s leases include rental escalation clauses (including fixed scheduled rent increases) and renewal options that are factored into the determination of lease payments, when appropriate, which adjusts the present value of the remaining lease payments. The Company determines the present value of the lease payments utilizing interest rates implicit in the lease if determinable or, if not, it estimates its incremental borrowing rate from information available at lease commencement, such as estimates of rates the Company would pay for senior collateralized loans with terms similar to each lease. Operating Leases Twelve of the Company’s hotel and parking lot ground leases as well as certain applicable hotel equipment leases and office space leases are classified as operating leases, for which the Company has recorded ROU assets and lease liabilities. The ROU assets are included in other assets, net and the lease liabilities are included in accounts payable and other liabilities in the Company’s consolidated balance sheet. In addition, the Company's ROU asset balance includes intangible assets for below market ground leases and intangible liabilities for above market ground leases, as well as accrued straight-line lease liabilities related to these operating leases. Lease expense is recognized on a straight-line basis over the term of the respective lease and the value of each lease intangible is amortized over the term of the respective lease. Costs related to operating ground leases and hotel equipment leases are included in hotel operating expense and property taxes, insurance and other expense, and costs related to office space leases are included in general and administrative expense in the Company’s consolidated statements of operations. Finance Leases Five of the Company’s ground leases are classified as finance leases, for which the Company recorded ROU assets and lease liabilities. The ROU assets are recorded as finance ground lease assets within investment in real estate, net and the lease liabilities are recorded as finance lease liabilities in the Company’s consolidated balance sheet. In addition, the Company’s ROU asset balance includes intangible assets for below market ground leases and intangible liabilities for above market ground leases related to these finance leases. The ROU asset and value of each lease intangible is amortized over the term of the respective lease. Costs related to finance ground leases are included in depreciation and amortization expense and interest and other expense, net in the Company’s consolidated statement of operations. Under the terms of the Company’s ground leases, certain minimum lease payments are subject to change based on criteria specified in the lease. Changes in minimum lease payments that are not fixed scheduled increases are reflected in the ROU asset and lease liability when the payments become fixed and determinable based on the actual criteria defined in the lease. Minimum lease payments may be estimated if the change date occurs and the new minimum lease payments are not yet determinable. Lease Position as of December 31, 2024 and 2023 The following table sets forth the lease-related assets and liabilities included in the Company’s consolidated balance sheet as of December 31, 2024 and 2023. All dollar amounts are in thousands. December 31, Consolidated Balance Sheet 2024 2023 Assets Operating lease assets, net Other assets, net $ 24,331 $ 25,389 Finance ground lease assets, net (1) Investment in real estate, net 83,954 86,992 Total lease assets $ 108,285 $ 112,381 Liabilities Operating lease liabilities Accounts payable and other liabilities $ 10,962 $ 11,447 Finance lease liabilities Finance lease liabilities 111,585 111,892 Total lease liabilities $ 122,547 $ 123,339 Weighted-average remaining lease term Operating leases 36 years Finance leases 29 years Weighted-average discount rate Operating leases 5.51 % Finance leases 5.31 % (1) Finance ground lease assets are net of accumulated amortization of approximately $ 18.1 million and $ 15.1 million as of December 31, 2024 and 2023, respectively . Lease Costs for the Years Ended December 31, 2024, 2023 and 2022 The following table sets forth the lease costs related to the Company’s operating and finance ground leases included in the Company’s consolidated statement of operations for the years ended December 31, 2024, 2023 and 2022 (in thousands): Year Ended December 31, Consolidated Statement of 2024 2023 2022 Operating lease costs (1) Property taxes, insurance and other $ 1,886 $ 1,776 $ 1,794 Finance lease costs: Amortization of lease assets Depreciation and amortization expense 3,038 3,038 3,038 Interest on lease liabilities Interest and other expense, net 5,867 5,877 5,872 Total lease costs $ 10,791 $ 10,691 $ 10,704 (1) Represents costs related to ground leases, including variable lease costs. Excludes costs related to hotel equipment leases, which are included in hotel operating expense and property taxes, insurance and other expense, and costs related to office space leases, which are included in general and administrative expense in the Company’s consolidated statement of operations. These costs are not significant for disclosure. Undiscounted Cash Flows The following table reconciles the undiscounted cash flows for each of the next five years and total of the remaining years to the operating lease liabilities and finance lease liabilities included in the Company’s consolidated balance sheet as of December 31, 2024 (in thousands): Operating Leases Finance Leases 2025 $ 1,098 $ 6,338 2026 893 6,500 2027 728 6,700 2028 715 6,879 2029 741 7,056 Thereafter 28,893 209,619 Total minimum lease payments 33,068 243,092 Less: amount of lease payments representing 22,106 131,507 Present value of lease liabilities $ 10,962 $ 111,585 Supplemental Cash Flow Information The following table sets forth supplemental cash flow information related to the Company’s operating and finance leases for the years ended December 31, 2024, 2023 and 2022 (in thousands): Year Ended December 31, 2024 2023 2022 Cash paid for amounts included in the Operating cash flows for operating leases $ 1,100 $ 1,106 $ 1,166 Operating cash flows for finance leases 5,659 5,651 5,469 Financing cash flows for finance leases 515 340 173

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Note 11 Income Taxes The Company is operated as, and has elected to be taxed as, a REIT under Sections 856 to 860 of the Code. As a REIT, the Company is generally not subject to corporate level income taxes on REIT taxable income that is distributed to its shareholders. Income related to the Lessee, as a taxable REIT subsidiary (“TRS”) of the Company, is subject to federal and state income taxes. The components of income tax expense (benefit) are as follows (in thousands): Year Ended December 31, 2024 2023 2022 Current: Federal $ - $ - $ ( 34 ) State 947 1,135 1,974 Deferred: Federal - - - State - - - Income tax expense $ 947 $ 1,135 $ 1,940 Below is a reconciliation between the provision for income taxes and the amounts computed by applying the federal statutory income tax rate to the income or loss before taxes (in thousands): Year Ended December 31, 2024 2023 2022 Statutory federal tax expense $ 44,954 $ 37,273 $ 30,409 Federal tax impact of REIT election ( 50,456 ) ( 39,865 ) ( 27,261 ) Statutory federal tax expense (benefit) at TRS ( 5,502 ) ( 2,592 ) 3,148 State income tax expense (benefit), net of federal tax benefit 748 897 1,559 Change in valuation allowance 5,701 2,830 ( 2,767 ) Income tax expense $ 947 $ 1,135 $ 1,940 As of December 31, 2024 , the Company had deferred tax assets of approximately $ 31 million consisting primarily of net operating loss carryforwards. A portion of the federal loss carryforwards expire beginning in 2030; however, a portion of the federal loss carryforwards do not expire. The state loss carryforwards have various expiration dates; however, for certain states some loss carryforwards do not expire. The TRS had a net operating loss carryforward for U.S federal income tax purposes of approximately $ 110 million as of December 31, 2024 , and $ 87 million as of December 31, 2023. The TRS has historical cumulative operating losses and is expected to be in a cumulative loss for the foreseeable future. As a result, the realizability of the Company’s deferred tax assets as of December 31, 2024 and 2023 is not reasonably assured. Therefore, the Company has recorded a valuation allowance equal to the full 100 % of the net deferred tax assets as of December 31, 2024 and 2023. Characterization of Distributions For income tax purposes, distributions paid consist of ordinary income, capital gains, return of capital or a combination thereof. For the years ended December 31, 2024, 2023 and 2022, distributions per share were characterized as follows (unaudited): Year Ended December 31, 2024 2023 2022 Amount of distributions per share $ 1.01 $ 1.01 $ 0.76 Characterized as: Ordinary income 100 % 97 % 100 % Capital gain distributions 0 % 0 % 0 % Return of capital 0 % 3 % 0 % Distributions of $ 0.16 per common share declared in December 2022 and paid in January 2023 were treated as 2022 distributions for tax purposes. Distributions of $ 0.13 per common share declared in December 2023 and paid in January 2024 were treated as 2023 distributions for tax purposes. Distributions of $ 0.13 per common share declared in December 2024 and paid in January 2025 were treated as 2024 distributions for tax purposes. The Company utilized portions of its REIT net loss carryforward to reduce its taxable net income for the year ended December 31, 2022. The total REIT net loss carryforward for U.S. federal income tax purposes was approximately $ 0 as of December 31, 2024 and 2023. No provision for U.S. federal income taxes has been included in the Company’s financial statements for the years ended December 31, 2024, 2023 and 2022 related to its REIT activities.

Reportable Segments

Reportable Segments	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Reportable Segments	Note 12 Reportable Segments The Company owns hotel properties throughout the U.S. that generate guest room rental, food and beverage, and other property-related income. There are no foreign operations from which the Company derives revenues and no assets are held in a foreign country. There are no material concentrations of 10% or more of total revenues allocated to a single customer for the reporting periods presented. The CODM separately evaluates the performance, allocates capital resources and manages the overall operating and investing strategy of each of its hotel properties individually; therefore, the Company considers each hotel to be an operating segment. However, because each hotel is not individually significant, serves a similar class and mix of business and leisure customers, has similar economic characteristics and risks, facilities, and services, utilizes similar methods to distribute their products and services through third-party management companies, and is subject to similar regulatory environments, the properties have been combined into a single operating segment for reporting purposes. The CODM, who is the Chief Executive Officer of the Company, assesses the performance of each operating segment on a monthly basis using adjusted hotel earnings (loss) before interest expense, income taxes and depreciation and amortization (“Adjusted Hotel EBITDA”), the measure by which the CODM makes day-to-day operating decisions, compares actual results with budgeted and prior year results, invests in capital improvements, and performs competitive analysis over the Company’s operating performance against industry peers. Adjusted Hotel EBITDA, presented herein, is calculated as EBITDA from hotel operations with further exclusions as noted below. EBITDA is a commonly used measure of performance in many industries and is defined as net income (loss) excluding interest, income taxes, depreciation and amortization. The Company believes EBITDA is useful to investors because it helps the Company and its investors evaluate the ongoing operating performance of the Company by removing the impact of its capital structure (primarily interest expense) and its asset base (primarily depreciation and amortization). In addition, certain covenants included in the agreements governing the Company’s indebtedness use EBITDA, as defined in the specific credit agreement, as a measure of financial compliance. The Company further excludes the following items that are not reflective of its ongoing operating performance or incurred in the normal course of business, and thus not utilized in the CODM’s analysis to allocate resources and assess operating performance of the Company’s business: • gains and losses from the sale of certain real estate assets (including gains and losses from change in control); • real estate related impairments; • non-cash straight-line operating ground lease expense; • actual corporate-level general and administrative expense for the Company; and • operating results from the non-hotel property. The Company believes Adjusted Hotel EBITDA provides useful supplemental information to investors regarding operating performance and it is used by management to measure the performance of the Company’s hotels and effectiveness of the operators of the hotels. The following table reconciles the Company’s single reportable segment Adjusted Hotel EBITDA to GAAP net income for the years ended December 31, 2024, 2023 and 2022 (in thousands): Year Ended December 31, 2024 2023 2022 Total revenue $ 1,431,468 $ 1,343,800 $ 1,238,417 Less: Significant hotel operating expenses Operating 357,352 332,714 300,852 Hotel administrative 123,086 114,071 105,396 Sales and marketing 126,938 117,538 104,756 Utilities 50,065 47,422 45,017 Repair and maintenance 69,697 65,412 58,729 Franchise fees 64,017 59,315 53,901 Management fees 46,716 44,253 41,830 Total significant hotel operating expenses 837,871 780,725 710,481 Other expenses Property taxes, insurance & other 84,382 79,307 72,907 Other (1) ( 329 ) 1,876 ( 550 ) 84,053 81,183 72,357 Adjusted Hotel EBITDA 509,544 481,892 455,579 General and administrative ( 42,542 ) ( 47,401 ) ( 42,464 ) Impairment of depreciable real estate ( 3,055 ) ( 5,644 ) ( 26,175 ) Depreciation and amortization ( 190,603 ) ( 183,242 ) ( 181,697 ) Gain on sale of real estate 19,744 - 1,785 Other (1) ( 329 ) 1,876 ( 550 ) Interest expense, net ( 77,748 ) ( 68,857 ) ( 59,733 ) Income tax expense ( 947 ) ( 1,135 ) ( 1,940 ) Net income $ 214,064 $ 177,489 $ 144,805 (1) Includes operating results from the non-hotel property for the years ended December 31, 2024 and 2023 and the expenses relating to amortization of favorable and unfavorable operating leases and non-cash straight-line operating ground lease expense to ensure their exclusion from Adjusted Hotel EBITDA as these items do not reflect the underlying operating performance of the Company's hotels . Disclosure of the reportable segment’s revenue and profit or loss is included in the Company’s consolidated statements of operations and comprehensive income, disclosure of the reportable segment’s assets is presented in the Company’s consolidated balance sheets, and disclosure of the reportable segment’s significant noncash items is provided in the Company’s consolidated statements of cash flows, all within this Annual Report on Form 10-K. F or the years ended December 31, 2024 and 2023, the Company invested approximately $ 78.3 million and $ 76.8 million in capital expenditures, respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 13 Commitments and Contingencies As of December 31, 2024, the Company had one outstanding contract, which was entered into during May 2023, for the potential purchase of a hotel in Nashville, Tennessee for an expected purchase price of approximately $ 98.2 million. The hotel is under development and is currently planned to be completed and opened for business in late 2025, as a 260 -guest-room Motto. As of December 31, 2024, a $ 1.1 million contract deposit (refundable if the seller does not meet its obligations under the contract) had been paid. If the closing occurs, the Company plans to utilize its available cash or borrowings, including borrowings under its unsecured credit facilities available at closing, to purchase the hotel under contract. Although the Company is working towards acquiring this hotel, there are a number of conditions to closing that have not yet been satisfied, and there can be no assurance that closing on this hotel will occur under the outstanding purchase contract. If the seller meets all of the conditions to closing, the Company is obligated to specifically perform under the purchase contract and acquire this hotel. As this hotel is under development, at this time, the seller has not met all of the conditions to closing. The Company, or one or more of its subsidiaries or hotel managers, is involved in various claims or litigation that arise in the ordinary course of business, including but not limited to, negligence and other personal injury claims, employee claims or contract disputes. The Company believes that such pending or threatened claims or proceedings are not material to the financial statements. LuxUrban Re Holdings LLC vs. Apple Eight Hospitality Ownership, Inc., et al On or about February 19, 2025, the Company was notified of a complaint purportedly filed by LuxUrban Re Holdings LLC against Apple Eight Hospitality Ownership, Inc. and a former hotel operator in the Supreme Court of New York alleging breach of contract and conspiracy to commit fraud. The Company believes the allegations are without merit and intends to defend this case vigorously. At this time, the Company cannot reasonably predict the outcome or provide a reasonable estimate of the possible loss or range of loss due to this complaint, if any.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 14 Subsequent Events On January 15, 2025, the Company paid approximately $ 31.2 million, or $ 0.13 per common share, in distributions to shareholders of record as of December 31, 2024 . On January 17, 2025 , the Company declared a monthly cash distribution of $ 0.08 per common share. The distribution is payable on February 18, 2025 , to shareholders of record as of January 31, 2025 . On February 12, 2025, the Company completed the sale of the 76 -guest-room Homewood Suites in Chattanooga, Tennessee, for a gross sales price of approximately $ 8.3 million. On February 18, 2025 , the Company declared a monthly cash distribution of $ 0.08 per common share. The distribution is payable on March 17, 2025 , to shareholders of record as of February 28, 2025 .

SCHEDULE III Real Estate and Ac

SCHEDULE III Real Estate and Accumulated Depreciation and Amortization	12 Months Ended
	Dec. 31, 2024
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
SCHEDULE III Real Estate and Accumulated Depreciation and Amortization	SCHEDULE III Real Estate and Accumulated Depreciation and Amortization As of December 31, 2024 (dollars in thousands) Subsequently Initial Cost Capitalized Bldg./ Bldg. Total Acc. Date of Date Depreciable # of City State Description Encumbrances Land (1) /Other FF&E Cost (2) Deprec. Construction Acquired Life Rooms Anchorage AK Embassy Suites $ - $ 2,955 $ 39,053 $ 4,672 $ 46,680 $ ( 20,400 ) 2008 Apr-10 3 - 39 yrs. 169 Anchorage AK Home2 Suites - 2,683 21,606 314 24,603 ( 5,581 ) 2015 Dec-17 3 - 39 yrs. 135 Auburn AL Hilton Garden Inn - 1,580 9,659 2,946 14,185 ( 4,301 ) 2001 Mar-14 3 - 39 yrs. 101 Birmingham AL Courtyard - 2,310 6,425 1,813 10,548 ( 3,372 ) 2007 Mar-14 3 - 39 yrs. 84 Birmingham AL Hilton Garden Inn - 3,425 15,555 89 19,069 ( 4,393 ) 2017 Sep-17 3 - 39 yrs. 104 Birmingham AL Home2 Suites - 3,491 15,603 84 19,178 ( 4,226 ) 2017 Sep-17 3 - 39 yrs. 106 Birmingham AL Homewood Suites - 1,010 12,981 4,650 18,641 ( 5,891 ) 2005 Mar-14 3 - 39 yrs. 95 Dothan AL Hilton Garden Inn - 1,037 10,581 1,918 13,536 ( 6,348 ) 2009 Jun-09 3 - 39 yrs. 104 Dothan AL Residence Inn - 970 13,185 1,625 15,780 ( 5,088 ) 2008 Mar-14 3 - 39 yrs. 84 Huntsville AL Hampton - 550 11,962 1,459 13,971 ( 3,562 ) 2013 Sep-16 3 - 39 yrs. 98 Huntsville AL Hilton Garden Inn - 890 11,227 2,729 14,846 ( 4,594 ) 2005 Mar-14 3 - 39 yrs. 101 Huntsville AL Home2 Suites - 490 10,840 1,316 12,646 ( 3,234 ) 2013 Sep-16 3 - 39 yrs. 77 Huntsville AL Homewood Suites - 210 15,654 2,756 18,620 ( 6,695 ) 2006 Mar-14 3 - 39 yrs. 107 Mobile AL Hampton - - 11,452 2,033 13,485 ( 3,803 ) 2006 Sep-16 3 - 39 yrs. 101 Prattville AL Courtyard - 2,050 9,101 1,838 12,989 ( 3,959 ) 2007 Mar-14 3 - 39 yrs. 84 Chandler AZ Courtyard - 1,061 16,008 2,049 19,118 ( 8,238 ) 2009 Nov-10 3 - 39 yrs. 150 Chandler AZ Fairfield - 778 11,272 1,213 13,263 ( 5,625 ) 2009 Nov-10 3 - 39 yrs. 110 Phoenix AZ Courtyard - 1,413 14,669 3,157 19,239 ( 8,518 ) 2007 Nov-10 3 - 39 yrs. 164 Phoenix AZ Hampton - - 15,209 2,357 17,566 ( 5,024 ) 2008 Sep-16 3 - 39 yrs. 125 Phoenix AZ Hampton - 3,406 41,174 156 44,736 ( 9,736 ) 2018 May-18 3 - 39 yrs. 210 Phoenix AZ Homewood Suites - - 18,907 2,536 21,443 ( 6,231 ) 2008 Sep-16 3 - 39 yrs. 134 Phoenix AZ Residence Inn - 1,111 12,953 3,748 17,812 ( 7,309 ) 2008 Nov-10 3 - 39 yrs. 129 Scottsdale AZ Hilton Garden Inn - 6,000 26,811 3,059 35,870 ( 7,545 ) 2005 Sep-16 3 - 39 yrs. 122 Tempe AZ Hyatt House - - 24,001 7 24,008 ( 3,972 ) 2020 Aug-20 3 - 39 yrs. 105 Tempe AZ Hyatt Place - - 34,893 47 34,940 ( 5,647 ) 2020 Aug-20 3 - 39 yrs. 154 Tucson AZ Hilton Garden Inn - 1,005 17,925 2,494 21,424 ( 10,444 ) 2008 Jul-08 3 - 39 yrs. 125 Tucson AZ Residence Inn - 2,080 12,424 2,547 17,051 ( 5,680 ) 2008 Mar-14 3 - 39 yrs. 124 Tucson AZ TownePlace Suites - 992 14,543 1,508 17,043 ( 6,309 ) 2011 Oct-11 3 - 39 yrs. 124 Agoura Hills CA Homewood Suites - 3,430 21,290 2,911 27,631 ( 8,822 ) 2007 Mar-14 3 - 39 yrs. 125 Burbank CA Courtyard 19,698 12,916 41,218 5,910 60,044 ( 13,731 ) 2002 Aug-15 3 - 39 yrs. 190 Burbank CA Residence Inn - 32,270 41,559 6,577 80,406 ( 15,755 ) 2007 Mar-14 3 - 39 yrs. 166 Initial Cost Capitalized Bldg./ Bldg. Total Acc. Date of Date Depreciable # of City State Description Encumbrances Land (1) /Other FF&E Cost (2) Deprec. Construction Acquired Life Rooms Burbank CA SpringHill Suites 23,385 10,734 49,181 588 60,503 ( 13,936 ) 2015 Jul-15 3 - 39 yrs. 170 Clovis CA Hampton - 1,287 9,888 1,399 12,574 ( 5,587 ) 2009 Jul-09 3 - 39 yrs. 86 Clovis CA Homewood Suites - 1,500 10,970 1,941 14,411 ( 6,299 ) 2010 Feb-10 3 - 39 yrs. 83 Cypress CA Courtyard - 4,410 35,033 6,529 45,972 ( 13,938 ) 1988 Mar-14 3 - 39 yrs. 180 Cypress CA Hampton - 3,209 16,749 2,515 22,473 ( 6,651 ) 2006 Jun-15 3 - 39 yrs. 110 Oceanside CA Courtyard 11,381 3,080 25,769 2,688 31,537 ( 7,863 ) 2011 Sep-16 3 - 39 yrs. 142 Oceanside CA Residence Inn - 7,790 24,048 2,672 34,510 ( 9,292 ) 2007 Mar-14 3 - 39 yrs. 125 Rancho Bernardo/San Diego CA Courtyard - 16,380 28,952 3,711 49,043 ( 11,497 ) 1987 Mar-14 3 - 39 yrs. 210 Sacramento CA Hilton Garden Inn - 5,920 21,515 4,116 31,551 ( 10,183 ) 1999 Mar-14 3 - 39 yrs. 153 San Bernardino CA Residence Inn - 1,490 13,662 3,993 19,145 ( 7,369 ) 2006 Feb-11 3 - 39 yrs. 95 San Diego CA Courtyard 19,628 11,268 44,851 5,267 61,386 ( 14,611 ) 2002 Sep-15 3 - 39 yrs. 245 San Diego CA Hampton 14,611 13,570 36,644 4,675 54,889 ( 13,855 ) 2001 Mar-14 3 - 39 yrs. 177 San Diego CA Hilton Garden Inn - 8,020 29,151 5,687 42,858 ( 12,220 ) 2004 Mar-14 3 - 39 yrs. 200 San Diego CA Residence Inn - 22,400 20,640 3,291 46,331 ( 8,630 ) 1999 Mar-14 3 - 39 yrs. 122 San Jose CA Homewood Suites 22,643 12,860 28,084 6,810 47,754 ( 14,096 ) 1991 Mar-14 3 - 39 yrs. 140 San Juan Capistrano CA Residence Inn - - 32,292 2,153 34,445 ( 9,182 ) 2012 Sep-16 3 - 39 yrs. 130 Santa Ana CA Courtyard 12,756 3,082 21,051 2,558 26,691 ( 10,138 ) 2011 May-11 3 - 39 yrs. 155 Santa Clarita CA Courtyard - 4,568 18,721 4,427 27,716 ( 11,554 ) 2007 Sep-08 3 - 39 yrs. 140 Santa Clarita CA Fairfield - 1,864 7,753 2,778 12,395 ( 5,318 ) 1997 Oct-08 3 - 39 yrs. 66 Santa Clarita CA Hampton - 1,812 15,761 6,553 24,126 ( 12,160 ) 1988 Oct-08 3 - 39 yrs. 128 Santa Clarita CA Residence Inn - 2,539 14,493 6,616 23,648 ( 10,844 ) 1997 Oct-08 3 - 39 yrs. 90 Tustin CA Fairfield - 7,700 26,580 1,893 36,173 ( 7,170 ) 2013 Sep-16 3 - 39 yrs. 145 Tustin CA Residence Inn - 11,680 33,645 2,161 47,486 ( 9,446 ) 2013 Sep-16 3 - 39 yrs. 149 Colorado Springs CO Hampton - 1,780 15,860 933 18,573 ( 4,798 ) 2008 Sep-16 3 - 39 yrs. 101 Denver CO Hilton Garden Inn 26,229 9,940 57,536 4,838 72,314 ( 16,851 ) 2007 Sep-16 3 - 39 yrs. 221 Highlands Ranch CO Hilton Garden Inn - 5,480 20,465 2,153 28,098 ( 7,149 ) 2006 Mar-14 3 - 39 yrs. 128 Highlands Ranch CO Residence Inn - 5,350 19,167 3,970 28,487 ( 9,632 ) 1996 Mar-14 3 - 39 yrs. 117 Boca Raton FL Hilton Garden Inn - 7,220 22,177 2,990 32,387 ( 7,038 ) 2002 Sep-16 3 - 39 yrs. 149 Cape Canaveral FL Hampton - 2,594 20,951 38 23,583 ( 3,662 ) 2020 Apr-20 3 - 39 yrs. 116 Cape Canaveral FL Home2 Suites - 2,415 19,668 45 22,128 ( 3,520 ) 2020 Apr-20 3 - 39 yrs. 108 Cape Canaveral FL Homewood Suites - 2,780 23,967 436 27,183 ( 7,266 ) 2016 Sep-16 3 - 39 yrs. 153 Fort Lauderdale FL Hampton - 1,793 21,357 5,955 29,105 ( 10,410 ) 2002 Jun-15 3 - 39 yrs. 156 Fort Lauderdale FL Residence Inn - 5,760 26,727 2,609 35,096 ( 7,628 ) 2014 Sep-16 3 - 39 yrs. 156 Gainesville FL Hilton Garden Inn - 1,300 17,322 2,334 20,956 ( 5,239 ) 2007 Sep-16 3 - 39 yrs. 104 Gainesville FL Homewood Suites - 1,740 16,329 2,926 20,995 ( 5,526 ) 2005 Sep-16 3 - 39 yrs. 103 Jacksonville FL Homewood Suites - 9,480 21,247 4,709 35,436 ( 10,220 ) 2005 Mar-14 3 - 39 yrs. 119 Jacksonville FL Hyatt Place - 2,013 13,533 1,256 16,802 ( 3,678 ) 2009 Dec-18 3 - 39 yrs. 127 Miami FL Courtyard - - 31,488 2,310 33,798 ( 11,237 ) 2008 Mar-14 3 - 39 yrs. 118 Miami FL Hampton - 1,972 9,987 6,654 18,613 ( 9,553 ) 2000 Apr-10 3 - 39 yrs. 121 Miami FL Homewood Suites - 18,820 25,375 9,574 53,769 ( 13,552 ) 2000 Mar-14 3 - 39 yrs. 162 Subsequently Initial Cost Capitalized Bldg./ Bldg. Total Acc. Date of Date Depreciable # of City State Description Encumbrances Land (1) /Other FF&E Cost (2) Deprec. Construction Acquired Life Rooms Orlando FL Fairfield - 3,140 22,580 3,347 29,067 ( 12,563 ) 2009 Jul-09 3 - 39 yrs. 200 Orlando FL Home2 Suites - 2,731 18,063 153 20,947 ( 4,335 ) 2019 Mar-19 3 - 39 yrs. 128 Orlando FL SpringHill Suites - 3,141 25,779 3,538 32,458 ( 14,161 ) 2009 Jul-09 3 - 39 yrs. 200 Panama City FL Hampton - 1,605 9,995 1,573 13,173 ( 5,828 ) 2009 Mar-09 3 - 39 yrs. 95 Panama City FL TownePlace Suites - 908 9,549 778 11,235 ( 4,672 ) 2010 Jan-10 3 - 39 yrs. 103 Pensacola FL TownePlace Suites - 1,770 12,562 1,538 15,870 ( 3,710 ) 2008 Sep-16 3 - 39 yrs. 97 Tallahassee FL Fairfield - 960 11,734 964 13,658 ( 3,421 ) 2011 Sep-16 3 - 39 yrs. 97 Tallahassee FL Hilton Garden Inn - - 10,938 883 11,821 ( 4,184 ) 2006 Mar-14 3 - 39 yrs. 85 Tampa FL Embassy Suites - 1,824 20,034 4,231 26,089 ( 11,334 ) 2007 Nov-10 3 - 39 yrs. 147 Atlanta GA Home2 Suites - 740 23,122 1,406 25,268 ( 7,094 ) 2016 Jul-16 3 - 39 yrs. 128 Atlanta / Downtown GA Hampton - 7,861 16,374 4,138 28,373 ( 5,986 ) 1999 Feb-18 3 - 39 yrs. 119 Atlanta / Perimeter Dunwoody GA Hampton - 3,228 26,498 230 29,956 ( 5,884 ) 2016 Jun-18 3 - 39 yrs. 132 Macon GA Hilton Garden Inn - - 15,043 1,022 16,065 ( 5,571 ) 2007 Mar-14 3 - 39 yrs. 101 Savannah GA Hilton Garden Inn - - 14,716 2,710 17,426 ( 6,584 ) 2004 Mar-14 3 - 39 yrs. 105 Cedar Rapids IA Hampton - 1,590 11,364 445 13,399 ( 3,656 ) 2009 Sep-16 3 - 39 yrs. 103 Cedar Rapids IA Homewood Suites - 1,770 13,116 2,410 17,296 ( 4,874 ) 2010 Sep-16 3 - 39 yrs. 95 Davenport IA Hampton - 400 16,915 987 18,302 ( 5,202 ) 2007 Sep-16 3 - 39 yrs. 103 Boise ID Hampton 20,156 1,335 21,114 3,734 26,183 ( 11,980 ) 2007 Apr-10 3 - 39 yrs. 186 Des Plaines IL Hilton Garden Inn - 10,000 38,116 4,308 52,424 ( 11,352 ) 2005 Sep-16 3 - 39 yrs. 253 Hoffman Estates IL Hilton Garden Inn - 1,770 14,371 ( 280 ) (3) 15,861 ( 4,894 ) 2000 Sep-16 3 - 39 yrs. 184 Mettawa IL Hilton Garden Inn - 2,246 28,328 2,969 33,543 ( 13,635 ) 2008 Nov-10 3 - 39 yrs. 170 Mettawa IL Residence Inn - 1,722 21,843 2,306 25,871 ( 10,369 ) 2008 Nov-10 3 - 39 yrs. 130 Rosemont IL Hampton - 3,410 23,594 369 27,373 ( 6,865 ) 2015 Sep-16 3 - 39 yrs. 158 Skokie IL Hampton - 2,593 31,284 4,516 38,393 ( 10,108 ) 2000 Sep-16 3 - 39 yrs. 225 Warrenville IL Hilton Garden Inn - 1,171 20,894 2,955 25,020 ( 10,692 ) 2008 Nov-10 3 - 39 yrs. 135 Merrillville IN Hilton Garden Inn - 1,860 17,755 2,448 22,063 ( 5,715 ) 2008 Sep-16 3 - 39 yrs. 124 Mishawaka IN Residence Inn - 898 12,862 1,929 15,689 ( 6,595 ) 2007 Nov-10 3 - 39 yrs. 106 South Bend IN Fairfield - 2,090 23,361 1,792 27,243 ( 6,724 ) 2010 Sep-16 3 - 39 yrs. 119 Overland Park KS Fairfield - 1,230 11,713 2,050 14,993 ( 4,985 ) 2008 Mar-14 3 - 39 yrs. 110 Overland Park KS Residence Inn - 1,790 20,633 5,402 27,825 ( 10,196 ) 2000 Mar-14 3 - 39 yrs. 120 Louisville KY AC Hotel - 5,004 46,548 11 51,563 ( 3,193 ) 2018 Oct-22 3 - 39 yrs. 156 Lafayette LA Hilton Garden Inn - - 17,898 6,773 24,671 ( 11,380 ) 2006 Jul-10 3 - 39 yrs. 153 Lafayette LA SpringHill Suites - 709 9,400 1,108 11,217 ( 4,422 ) 2011 Jun-11 3 - 39 yrs. 103 New Orleans LA Homewood Suites - 4,150 52,258 14,718 71,126 ( 22,214 ) 2002 Mar-14 3 - 39 yrs. 166 Marlborough MA Residence Inn - 3,480 17,341 2,485 23,306 ( 7,392 ) 2006 Mar-14 3 - 39 yrs. 112 Subsequently Initial Cost Capitalized Bldg./ Bldg. Total Acc. Date of Date Depreciable # of City State Description Encumbrances Land (1) /Other FF&E Cost (2) Deprec. Construction Acquired Life Rooms Westford MA Hampton - 3,410 16,320 1,893 21,623 ( 6,459 ) 2007 Mar-14 3 - 39 yrs. 110 Westford MA Residence Inn 7,391 1,760 20,791 4,634 27,185 ( 9,778 ) 2001 Mar-14 3 - 39 yrs. 108 Annapolis MD Hilton Garden Inn - 4,350 13,974 2,308 20,632 ( 6,411 ) 2007 Mar-14 3 - 39 yrs. 126 Silver Spring MD Hilton Garden Inn - 1,361 16,094 1,796 19,251 ( 8,058 ) 2010 Jul-10 3 - 39 yrs. 107 Portland ME AC Hotel - 6,767 61,602 64 68,433 ( 6,415 ) 2018 Aug-21 3 - 39 yrs. 178 Portland ME Aloft Hotel - 6,002 47,177 29 53,208 ( 5,441 ) 2021 Sep-21 3 - 39 yrs. 157 Portland ME Residence Inn 30,500 4,440 51,534 1,147 57,121 ( 11,830 ) 2009 Oct-17 3 - 39 yrs. 179 Novi MI Hilton Garden Inn - 1,213 15,052 2,839 19,104 ( 8,393 ) 2008 Nov-10 3 - 39 yrs. 148 Maple Grove MN Hilton Garden Inn - 1,560 13,717 3,509 18,786 ( 5,859 ) 2003 Sep-16 3 - 39 yrs. 121 Rochester MN Hampton - 916 13,225 2,871 17,012 ( 8,116 ) 2009 Aug-09 3 - 39 yrs. 124 St. Paul MN Hampton - 2,523 29,365 464 32,352 ( 5,932 ) 2016 Mar-19 3 - 39 yrs. 160 Kansas City MO Hampton - 727 9,363 2,848 12,938 ( 5,723 ) 1999 Aug-10 3 - 39 yrs. 122 Kansas City MO Residence Inn - 2,000 20,818 4,179 26,997 ( 9,625 ) 2002 Mar-14 3 - 39 yrs. 106 St. Louis MO Hampton - 1,758 20,954 11,235 33,947 ( 16,662 ) 2003 Aug-10 3 - 39 yrs. 190 St. Louis MO Hampton - 758 15,287 4,161 20,206 ( 8,801 ) 2006 Apr-10 3 - 39 yrs. 126 Hattiesburg MS Courtyard - 1,390 11,324 1,944 14,658 ( 4,727 ) 2006 Mar-14 3 - 39 yrs. 84 Hattiesburg MS Residence Inn - 906 9,151 1,500 11,557 ( 5,416 ) 2008 Dec-08 3 - 39 yrs. 84 Carolina Beach NC Courtyard - 7,490 31,588 5,257 44,335 ( 13,160 ) 2003 Mar-14 3 - 39 yrs. 144 Charlotte NC Fairfield - 1,030 11,111 1,488 13,629 ( 3,851 ) 2010 Sep-16 3 - 39 yrs. 94 Durham NC Homewood Suites - 1,232 18,343 9,053 28,628 ( 13,214 ) 1999 Dec-08 3 - 39 yrs. 122 Fayetteville NC Home2 Suites - 746 10,563 1,749 13,058 ( 5,690 ) 2011 Feb-11 3 - 39 yrs. 118 Jacksonville NC Home2 Suites - 910 12,527 1,413 14,850 ( 3,911 ) 2012 Sep-16 3 - 39 yrs. 105 Wilmington NC Fairfield - 1,310 13,034 1,868 16,212 ( 5,311 ) 2008 Mar-14 3 - 39 yrs. 122 Winston-Salem NC Hampton - 2,170 14,268 1,317 17,755 ( 4,121 ) 2010 Sep-16 3 - 39 yrs. 94 Omaha NE Courtyard - 6,700 36,829 6,690 50,219 ( 16,136 ) 1999 Mar-14 3 - 39 yrs. 181 Omaha NE Hampton - 1,710 22,636 1,934 26,280 ( 6,392 ) 2007 Sep-16 3 - 39 yrs. 139 Omaha NE Hilton Garden Inn 18,904 1,620 35,962 3,039 40,621 ( 10,494 ) 2001 Sep-16 3 - 39 yrs. 178 Omaha NE Homewood Suites - 1,890 22,014 2,632 26,536 ( 6,807 ) 2008 Sep-16 3 - 39 yrs. 123 Cranford NJ Homewood Suites - 4,550 23,828 5,255 33,633 ( 10,970 ) 2000 Mar-14 3 - 39 yrs. 108 Mahwah NJ Homewood Suites - 3,220 22,742 5,064 31,026 ( 10,921 ) 2001 Mar-14 3 - 39 yrs. 110 Mount Laurel NJ Homewood Suites - 1,589 13,476 6,777 21,842 ( 9,886 ) 2006 Jan-11 3 - 39 yrs. 118 Somerset NJ Courtyard - - 27,133 4,279 31,412 ( 15,591 ) 2002 Mar-14 3 - 25 yrs. 162 West Orange NJ Courtyard - 2,054 19,513 4,301 25,868 ( 10,630 ) 2005 Jan-11 3 - 39 yrs. 131 Las Vegas NV SpringHill Suites - 10,097 65,179 36 75,312 ( 2,394 ) 2009 Dec-23 3 - 39 yrs. 300 Islip/Ronkonkoma NY Hilton Garden Inn - 6,510 28,718 6,892 42,120 ( 13,403 ) 2003 Mar-14 3 - 39 yrs. 166 New York NY Independent - - 102,832 ( 71,642 ) (3), (5) 31,190 ( 21,553 ) 1916 Mar-14 3 - 32 yrs. Syracuse NY Courtyard - 812 23,278 1,528 25,618 ( 6,823 ) 2013 Oct-15 3 - 39 yrs. 102 Syracuse NY Residence Inn - 621 17,589 1,402 19,612 ( 5,373 ) 2013 Oct-15 3 - 39 yrs. 78 Cleveland OH Courtyard - 3,212 30,118 106 33,436 ( 1,910 ) 2023 Jun-23 3 - 39 yrs. 154 Mason OH Hilton Garden Inn - 1,120 16,770 1,383 19,273 ( 5,160 ) 2010 Sep-16 3 - 39 yrs. 110 Subsequently Initial Cost Capitalized Bldg./ Bldg. Total Acc. Date of Date Depreciable # of City State Description Encumbrances Land (1) /Other FF&E Cost (2) Deprec. Construction Acquired Life Rooms Twinsburg OH Hilton Garden Inn - 1,419 16,614 4,647 22,680 ( 11,269 ) 1999 Oct-08 3 - 39 yrs. 142 Oklahoma City OK Hampton - 1,430 31,327 3,053 35,810 ( 15,113 ) 2009 May-10 3 - 39 yrs. 200 Oklahoma City OK Hilton Garden Inn - 1,270 32,700 2,487 36,457 ( 8,725 ) 2014 Sep-16 3 - 39 yrs. 155 Oklahoma City OK Homewood Suites - 760 20,056 1,307 22,123 ( 5,440 ) 2014 Sep-16 3 - 39 yrs. 100 Oklahoma City (West) OK Homewood Suites - 1,280 13,340 800 15,420 ( 4,624 ) 2008 Sep-16 3 - 39 yrs. 90 Portland OR Hampton - 10,813 64,433 227 75,473 ( 6,091 ) 2017 Nov-21 3 - 39 yrs. 243 Collegeville/Philadelphia PA Courtyard - 2,115 17,953 5,251 25,319 ( 10,742 ) 2005 Nov-10 3 - 39 yrs. 132 Malvern/Philadelphia PA Courtyard - 996 20,374 3,403 24,773 ( 10,031 ) 2007 Nov-10 3 - 39 yrs. 127 Pittsburgh PA AC Hotel - 3,305 31,605 77 34,987 ( 2,347 ) 2018 Oct-22 3 - 39 yrs. 134 Pittsburgh PA Hampton - 2,503 18,537 5,127 26,167 ( 12,393 ) 1991 Dec-08 3 - 39 yrs. 132 Charleston SC Home2 Suites - 3,250 16,778 2,194 22,222 ( 5,458 ) 2011 Sep-16 3 - 39 yrs. 122 Columbia SC Hilton Garden Inn - 3,540 16,399 2,920 22,859 ( 7,130 ) 2006 Mar-14 3 - 39 yrs. 143 Columbia SC TownePlace Suites - 1,330 10,839 1,475 13,644 ( 3,798 ) 2009 Sep-16 3 - 39 yrs. 91 Greenville SC Hyatt Place - 2,802 27,700 145 30,647 ( 3,060 ) 2018 Sep-21 3 - 39 yrs. 130 Hilton Head SC Hilton Garden Inn - 3,600 11,386 2,924 17,910 ( 5,838 ) 2001 Mar-14 3 - 39 yrs. 104 Franklin TN Courtyard - 2,510 31,341 897 34,748 ( 8,448 ) 2008 Sep-16 3 - 39 yrs. 126 Franklin TN Residence Inn - 2,970 29,208 1,749 33,927 ( 8,344 ) 2009 Sep-16 3 - 39 yrs. 124 Knoxville TN Homewood Suites - 2,160 14,704 2,712 19,576 ( 4,973 ) 2005 Sep-16 3 - 39 yrs. 103 Knoxville TN SpringHill Suites - 1,840 12,441 1,843 16,124 ( 4,130 ) 2006 Sep-16 3 - 39 yrs. 103 Memphis TN Hampton - 2,449 37,097 4,950 44,496 ( 10,757 ) 2000 Feb-18 3 - 39 yrs. 144 Memphis TN Hilton Garden Inn - 4,501 33,688 149 38,338 ( 3,590 ) 2019 Oct-21 3 - 39 yrs. 150 Nashville TN Hilton Garden Inn - 2,754 39,997 4,431 47,182 ( 19,872 ) 2009 Sep-10 3 - 39 yrs. 194 Nashville TN Home2 Suites - 1,153 15,206 1,866 18,225 ( 7,003 ) 2012 May-12 3 - 39 yrs. 119 Nashville TN TownePlace Suites - 7,390 13,929 1,509 22,828 ( 4,525 ) 2012 Sep-16 3 - 39 yrs. 101 Addison TX SpringHill Suites - 1,210 19,700 3,363 24,273 ( 9,303 ) 2003 Mar-14 3 - 39 yrs. 159 Arlington TX Hampton - 1,217 8,738 2,127 12,082 ( 5,139 ) 2007 Dec-10 3 - 39 yrs. 98 Austin TX Courtyard - 1,579 18,487 2,497 22,563 ( 9,157 ) 2009 Nov-10 3 - 39 yrs. 145 Austin TX Fairfield - 1,306 16,504 2,316 20,126 ( 8,371 ) 2009 Nov-10 3 - 39 yrs. 150 Austin TX Hampton - 1,459 17,184 5,874 24,517 ( 11,690 ) 1996 Apr-09 3 - 39 yrs. 124 Austin TX Homewood Suites - 1,898 16,462 6,737 25,097 ( 11,936 ) 1997 Apr-09 3 - 39 yrs. 97 Austin/Round Rock TX Hampton - 865 10,999 4,720 16,584 ( 8,170 ) 2001 Mar-09 3 - 39 yrs. 94 Austin/Round Rock TX Homewood Suites - 2,180 25,644 2,525 30,349 ( 7,150 ) 2010 Sep-16 3 - 39 yrs. 115 Dallas TX Homewood Suites - 4,920 29,427 4,790 39,137 ( 8,543 ) 2013 Sep-16 3 - 39 yrs. 130 Denton TX Homewood Suites - 990 14,895 608 16,493 ( 4,892 ) 2009 Sep-16 3 - 39 yrs. 107 El Paso TX Homewood Suites - 2,800 16,657 2,335 21,792 ( 7,037 ) 2008 Mar-14 3 - 39 yrs. 114 Subsequently Initial Cost Capitalized Bldg./ Bldg. Total Acc. Date of Date Depreciable # of City State Description Encumbrances Land (1) /Other FF&E Cost (2) Deprec. Construction Acquired Life Rooms Fort Worth TX Courtyard - 2,313 15,825 306 18,444 ( 4,718 ) 2017 Feb-17 3 - 39 yrs. 124 Fort Worth TX Hilton Garden Inn - 4,637 25,073 2,661 32,371 ( 2,746 ) 2012 Nov-21 3 - 39 yrs. 157 Fort Worth TX Homewood Suites - 3,309 18,397 649 22,355 ( 1,862 ) 2013 Nov-21 3 - 39 yrs. 112 Fort Worth TX TownePlace Suites - 2,104 16,311 2,047 20,462 ( 8,157 ) 2010 Jul-10 3 - 39 yrs. 140 Frisco TX Hilton Garden Inn - 2,507 12,981 1,811 17,299 ( 7,619 ) 2008 Dec-08 3 - 39 yrs. 102 Grapevine TX Hilton Garden Inn - 1,522 15,543 2,230 19,295 ( 8,142 ) 2009 Sep-10 3 - 39 yrs. 110 Houston TX Courtyard - 2,080 21,836 1,476 25,392 ( 6,414 ) 2012 Sep-16 3 - 39 yrs. 124 Houston TX Marriott - 4,143 46,623 ( 19,694 ) (3) 31,072 ( 19,794 ) 2010 Jan-10 3 - 39 yrs. 206 Houston TX Residence Inn - 12,070 19,769 3,616 35,455 ( 8,492 ) 2006 Mar-14 3 - 39 yrs. 129 Houston TX Residence Inn - 2,070 11,186 1,739 14,995 ( 3,973 ) 2012 Sep-16 3 - 39 yrs. 120 Lewisville TX Hilton Garden Inn - 3,361 23,919 4,053 31,333 ( 14,394 ) 2007 Oct-08 3 - 39 yrs. 165 San Antonio TX TownePlace Suites - 2,220 9,610 1,690 13,520 ( 4,447 ) 2007 Mar-14 3 - 39 yrs. 106 Shenandoah TX Courtyard - 3,350 17,256 188 20,794 ( 4,913 ) 2014 Sep-16 3 - 39 yrs. 124 Stafford TX Homewood Suites - 1,880 10,969 625 13,474 ( 4,664 ) 2006 Mar-14 3 - 39 yrs. 78 Texarkana TX Hampton - 636 8,723 2,585 11,944 ( 4,976 ) 2004 Jan-11 3 - 39 yrs. 81 Provo UT Residence Inn - 1,150 18,277 3,809 23,236 ( 8,607 ) 1996 Mar-14 3 - 39 yrs. 114 Salt Lake City UT Courtyard - 2,635 45,851 70 48,556 ( 1,654 ) 2015 Oct-23 3 - 39 yrs. 175 Salt Lake City UT Hyatt House - 4,312 39,534 164 44,010 ( 1,759 ) 2015 Oct-23 3 - 39 yrs. 159 Salt Lake City UT Residence Inn - 1,515 24,214 1,653 27,382 ( 5,982 ) 2014 Oct-17 3 - 39 yrs. 136 Salt Lake City UT SpringHill Suites - 1,092 16,465 2,237 19,794 ( 8,379 ) 2009 Nov-10 3 - 39 yrs. 143 South Jordan UT Embassy Suites - 1,533 35,490 39 37,062 ( 1,253 ) 2017 Nov-23 3 - 39 yrs. 192 Alexandria VA Courtyard - 6,860 19,681 4,808 31,349 ( 10,050 ) 1987 Mar-14 3 - 39 yrs. 178 Alexandria VA SpringHill Suites - 5,968 - 21,120 27,088 ( 9,729 ) 2011 Mar-09 3 - 39 yrs. 155 Charlottesville VA Courtyard - 21,130 27,737 3,850 52,717 ( 11,103 ) 2000 Mar-14 3 - 39 yrs. 139 Manassas VA Residence Inn - 1,395 14,962 3,885 20,242 ( 8,023 ) 2006 Feb-11 3 - 39 yrs. 107 Richmond VA Courtyard 13,509 2,003 - 23,618 25,621 ( 8,108 ) 2014 Jul-12 3 - 39 yrs. 135 Richmond VA Marriott - - 83,698 26,699 110,397 ( 44,037 ) 1984 Mar-14 3 - 39 yrs. 413 Richmond VA Residence Inn 13,509 1,113 - 12,883 13,996 ( 4,405 ) 2014 Jul-12 3 - 39 yrs. 75 Suffolk VA Courtyard - 940 5,186 1,835 7,961 ( 3,206 ) 2007 Mar-14 3 - 39 yrs. 92 Suffolk VA TownePlace Suites - 710 5,241 1,837 7,788 ( 2,657 ) 2007 Mar-14 3 - 39 yrs. 72 Virginia Beach VA Courtyard - 10,580 29,140 6,304 46,024 ( 12,272 ) 1999 Mar-14 3 - 39 yrs. 141 Virginia Beach VA Courtyard - 12,000 40,556 8,171 60,727 ( 16,320 ) 2002 Mar-14 3 - 39 yrs. 160 Kirkland WA Courtyard - 18,950 25,028 2,822 46,800 ( 10,014 ) 2006 Mar-14 3 - 39 yrs. 150 Renton WA Residence Inn - 6,746 49,185 78 56,009 ( 2,013 ) 2019 Oct-23 3 - 39 yrs. 146 Seattle WA Residence Inn - 63,484 92,786 6,014 162,284 ( 36,666 ) 1991 Mar-14 3 - 39 yrs. 234 Tukwila WA Homewood Suites - 8,130 16,659 5,097 29,886 ( 9,703 ) 1992 Mar-14 3 - 39 yrs. 106 Madison WI Embassy Suites - 3,946 78,399 132 82,477 ( 1,771 ) 2024 Jun-24 3 - 39 yrs. 262 Madison WI Hilton Garden Inn - 2,593 47,152 39 49,784 ( 6,446 ) 2021 Feb-21 3 - 39 yrs. 176 Washington D.C. - AC Hotel - 15,681 104,953 106 120,740 ( 2,805 ) 2020 Mar-24 3 - 39 yrs. 234 Richmond VA Corporate Office - 682 3,723 2,967 7,372 ( 3,904 ) 1893 May-13 3 - 39 yrs. N/A $ 254,300 $ 839,187 $ 5,112,110 $ 588,711 $ 6,540,008 $ ( 1,803,214 ) 29,558 Investment in Real Estate: 2024 2023 2022 Balance as of January 1 $ 6,338,232 $ 6,000,975 $ 5,886,363 Acquisitions 203,074 293,802 86,467 Improvements 78,262 76,832 61,745 Dispositions ( 74,684 ) ( 227 ) ( 7,425 ) Assets held for sale (4) ( 1,821 ) ( 27,506 ) - Impairment of depreciable real estate ( 3,055 ) ( 5,644 ) ( 26,175 ) Total gross cost as of December 31 6,540,008 6,338,232 6,000,975 Finance ground lease assets as of 102,084 102,084 102,084 Total investment in real estate $ 6,642,092 $ 6,440,316 $ 6,103,059 Accumulated Depreciation and Amortization: 2024 2023 2022 Accumulated depreciation as of January 1 $ ( 1,647,850 ) $ ( 1,480,043 ) $ ( 1,302,246 ) Depreciation expense ( 187,555 ) ( 180,185 ) ( 178,641 ) Accumulated depreciation on dispositions 32,102 155 844 Assets held for sale (4) 89 12,223 - Accumulated depreciation as of December 31 ( 1,803,214 ) ( 1,647,850 ) ( 1,480,043 ) Accumulated amortization of finance leases ( 18,130 ) ( 15,092 ) ( 12,054 ) Accumulated depreciation and amortization $ ( 1,821,344 ) $ ( 1,662,942 ) $ ( 1,492,097 ) (1) Land is owned fee simple unless cost is $0, which means the property is subject to a ground lease. (2) The aggregate cost for U.S. federal income tax purposes is approximately $ 6.2 billion at December 31, 2024 (unaudited). (3) Amount includes a reduction in cost due to recognition of an impairment loss. (4) As of December 31, 2024 , the Company had two hotels classified as held for sale, which are not included in this schedule. One was sold to an unrelated party in February 2025, while the other is expected to be sold in the first quarter of 2025. (5) In May 2023, the Company entered into an operating lease for an initial 15 -year term with a third-party hotel operator at its independent boutique hotel in New York, New York for all hotel operations of the hotel’s 210 guest rooms . (6) As part of the acquisition of the Courtyard and Hyatt House hotels in Salt Lake City, Utah, a corresponding free-standing parking garage that serves both hotels and the surrounding area was also acquired. All costs for the parking garage are presented with the Salt Lake City Hyatt House.

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Organization	Organization Apple Hospitality REIT, Inc., formed in November 2007 as a Virginia corporation, together with its wholly-owned subsidiaries (the “Company”), is a self-advised real estate investment trust (“REIT”) that invests in income-producing real estate, primarily in the lodging sector, in the United States (“U.S.”). The Company’s fiscal year end is December 31. The Company has no foreign operations or assets and its operating structure includes only one reportable segment. The consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated. Although the Company has interests in potential variable interest entities through its purchase commitments, it is not the primary beneficiary as the Company does not have any elements of power in the decision making process of these entities, and therefore does not consolidate the entities. As of December 31, 2024, the Company owned 221 hotels with an aggregate of 29,764 guest rooms located in 37 states and the District of Columbia (“D.C.”) , including two hotels with a total of 206 guest rooms classified as held for sale, one of which was sold to an unrelated party in February 2025, while the other is expected to be sold in the first quarter of 2025 . The Company also owns one property leased to third parties. All information related to the number of guest rooms included in these notes to the consolidated financial statements and Schedule III - Real Estate and Accumulated Depreciation and Amortization listed in the Index at Item 15 has not been audited. The Company’s common shares are listed on the New York Stock Exchange (“NYSE”) under the ticker symbol “APLE.” The Company has elected to be treated as a REIT for U.S. federal income tax purposes. The Company has a wholly-owned taxable REIT subsidiary (or subsidiaries thereof) (collectively, the “Lessee” or “TRS”), which leases all of the Company’s hotels.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of highly liquid investments with original maturities of three months or less. The fair market value of cash and cash equivalents approximates their carrying value. Cash balances may at times exceed federal depository insurance limits.
Restricted Cash	Restricted Cash Restricted cash includes reserves for debt service, real estate taxes, and insurance, and reserves for furniture, fixtures, and equipment replacements of up to 5 % of property revenue for certain hotels, as required by certain management or mortgage debt agreement restrictions and provisions. The fair market value of restricted cash approximates its carrying value.
Investment in Real Estate and Related Depreciation and Amortization	Investment in Real Estate and Related Depreciation and Amortization Real estate is stated at cost, net of depreciation and amortization. Repair and maintenance costs are expensed as incurred while significant improvements, renovations, and replacements are capitalized. As further discussed in Note 10, finance ground lease assets are capitalized at the estimated present value of the remaining minimum lease payments under the leases. Depreciation and amortization are computed using the straight-line method over the average estimated useful lives of the assets, which are generally 39 years for buildings, the remaining life of the lease for finance ground leases (which in some instances may include renewal options), 10 to 20 years for franchise fees, 10 years for major improvements and three to seven years for furniture and equipment. The Company considers expenditures to be capital in nature based on the following criteria: (1) for a single asset, the cost must be at least $500, including all normal and necessary costs to place the asset in service, and the useful life must be at least one year; (2) for group purchases of 10 or more identical assets, the unit cost for each asset must be at least $50, including all normal and necessary costs to place the asset in service, and the useful life must be at least one year; and (3) for major repairs to a single asset, the repair must be at least $2,500 and the useful life of the asset must be substantially extended. Upon acquisition of real estate properties, the Company estimates the fair value of acquired tangible assets (consisting of land, buildings and improvements, and furniture, fixtures and equipment) and identified intangible assets and liabilities, including in-place leases, and assumed debt based on the evaluation of information and estimates available at that date. Fair values for these assets are not directly observable and estimates are based on comparable asset sales and other information which is subjective in nature, including comparable land sales as well as industry and Company data regarding building and furniture, fixture and equipment costs, including adjustments for estimated depreciation based on the age of the property acquired and time since its most recent renovation. The Company has not assigned any value to management contracts and franchise agreements as such contracts are generally at current market rates based on the remaining terms of the contracts and any other value attributable to these contracts is not considered material. Acquisitions of hotel properties are generally accounted for as acquisitions of a group of assets, with costs incurred to effect an acquisition, including title, legal, accounting, brokerage commissions and other related costs, being capitalized as part of the cost of the assets acquired, instead of accounted for separately as expenses in the period that they are incurred. The Company records impairment losses on hotel properties used in operations if indicators of impairment are present, and the sum of the undiscounted cash flows estimated to be generated by the respective properties over their estimated remaining useful life, based on historical and industry data, is less than the properties’ carrying amount. Indicators of impairment include a property with current or potential losses from operations, when it becomes more likely than not that a property will be disposed of before the end of its previously estimated useful life or when events, trends, contingencies or changes in circumstances indicate that a triggering event has occurred and an asset’s carrying value may not be recoverable. The Company monitors its properties on an ongoing basis by analytically reviewing financial performance and considers each property individually for purposes of reviewing for indicators of impairment. As many indicators of impairment are subjective, such as general economic and market declines, the Company also prepares an annual recoverability analysis for each of its properties to assist with its evaluation of impairment indicators. The Company performs quarterly recoverability analyses by comparing each property’s net book value to its estimated operating income based on assumptions and estimates about the property’s future revenues, expenses and capital expenditures after disruptive events such as renovations or newly opened hotels in the same market. The Company’s planned initial hold period for each property is generally 39 years. If events or circumstances change, such as the Company’s intended hold period for a property or if the operating performance of a property declines substantially for an extended period of time, the Company’s carrying value for a particular property may not be recoverable, and an impairment loss will be recorded. Impairment losses are measured as the difference between the asset’s fair value and its carrying value. The Company’s ongoing analyses and annual recoverability analyses have identified impairment losses on three properties recorded in 2024, two properties recorded in 2023 and two properties recorded in 2022 totaling approximately $ 3.1 million, $ 5.6 million and $ 26.2 million, respectively, as discussed in Note 3.
Assets Held for Sale	Assets Held for Sale The Company classifies assets as held for sale when a binding agreement to sell the property has been signed under which the buyer has committed a significant amount of nonrefundable cash, no significant contingencies exist which could prevent the transaction from being completed in a timely manner, and the sale is expected to close within one year. If these criteria are met, the Company will cease recording depreciation and amortization and will record an impairment charge if the fair value less costs to sell is less than the carrying amount of the disposal group. The Company will generally classify the impairment charge, together with the related operating results, as continuing operations in the Company’s consolidated statements of operations and classify the assets and related liabilities as held for sale in the Company’s consolidated balance sheets. If the Company’s plan of sale changes and the Company subsequently decides not to sell a property that is classified as held for sale, the property will be reclassified as held and used in the period the change occurs. As of December 31, 2024, the Company had two hotels classified as held for sale, one of which was sold to an unrelated party in February 2025, while the other is expected to be sold in the first quarter of 2025, as discussed further in Note 3 . As of December 31, 2023 , the Company had two hotels classified as held for sale, which were both sold to an unrelated party in February 2024.
Revenue Recognition	Revenue Recognition Revenues consist of amounts derived from hotel operations, including room sales, food and beverage sales, and other hotel revenues, and are presented on a disaggregated basis in the Company’s consolidated statements of operations. The Company recognizes hotel operating revenue when guest rooms are occupied, services have been provided or fees have been earned. Revenues are recorded net of any sales, occupancy or other taxes collected from customers on behalf of third parties. Room revenue represents revenue from the occupancy of hotel rooms and is driven by the occupancy and average daily rate charged. Room revenue does not include ancillary services or fees charged. The contracts for room stays with customers generally are very short-term in duration and revenue is recognized over the course of the hotel stay. The hotel reservation defines the terms of the agreement including an agreed-upon rate and length of stay. Food and beverage revenue consists of revenue from group functions such as banquets and conferences as well as revenue from the restaurants and lounges at the Company’s hotels. Food and beverage revenue is recognized at the time the products or services are provided to the customer. Other operating revenue consists of ancillary revenues at the hotel, including attrition and cancelation fees, parking revenue and other guest services and offerings. Other operating revenue is generally recognized at the time when the goods or services are provided to the customer or when the performance obligation is satisfied. Payment is due at the time that goods or services are rendered or billed. For room revenue, payment is typically due and paid in full at the end of the stay with some customers prepaying for their rooms prior to the stay. Payments received from a customer prior to arrival are recorded as an advance deposit and are recognized as revenue at the time of occupancy.
Comprehensive Income	Comprehensive Income Comprehensive income includes net income and other comprehensive income (loss), which is comprised of unrealized gains or losses resulting from hedging activity.
Net Income Per Common Share	Net Income Per Common Share Basic net income per common share is computed based upon the weighted average number of shares outstanding during the year. Diluted net income per common share is calculated after giving effect to all potential common shares that were dilutive and outstanding for the year. Basic and dilutive net income per common share were the same for each of the years presented.
Income Taxes	Income Taxes The Company is operated as, and has elected to be taxed as, a REIT under Sections 856 to 860 of the Internal Revenue Code of 1986, as amended (the “Code”). To qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that it distribute at least 90% of its REIT taxable income, subject to certain adjustments and excluding any net capital gain, to shareholders. If the Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal income tax on its taxable income at regular corporate income tax rates (including any applicable corporate minimum tax) and generally will be unable to re-elect REIT status until the fifth calendar year after the year in which it failed to qualify as a REIT, unless it satisfies certain relief provisions. The Company intends to adhere to the REIT qualification requirements and to maintain its qualification for taxation as a REIT. As a REIT, the Company is generally not subject to U.S. federal corporate income tax on the portion of taxable income that is distributed to shareholders. The Lessee, as a taxable REIT subsidiary of the Company, is subject to federal and state income taxes. The Company’s income tax expense as shown in the consolidated statements of operations primarily consists of income taxes on the operations of the Lessee and franchise taxes on both the REIT and the Lessee at the state jurisdiction level. The Company accounts for income taxes using the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and their respective income tax bases, and for net operating loss, capital loss and tax credit carryforwards. The deferred tax assets and liabilities are measured using the enacted income tax rates in effect for the year in which those temporary differences are expected to be realized or settled. The effect on the deferred tax assets and liabilities from a change in tax rates is recognized in earnings in the period in which the new rate is enacted. However, deferred tax assets are recognized only to the extent that it is more likely than not that they will be realized based on consideration of all available evidence, including the future reversals of existing taxable temporary differences, future projected taxable income and tax planning strategies. Valuation allowances are provided if, based on the weight of the available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company performs an annual review for any uncertain tax positions and, if necessary, will record the expected future tax consequences of uncertain tax positions in the consolidated financial statements. As of December 31, 2024, the tax years that remain subject to examination by major tax jurisdictions generally include 2021-2024. The Company evaluates whether a tax position of the Company is more likely than not to be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. For tax positions meeting the more likely than not threshold, the tax amount recognized in the financial statements is reduced by the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement with the relevant taxing authority. The Company has reviewed its tax positions for open tax years and has concluded no provision for income taxes for uncertain tax positions is required in the Company's consolidated financial statements as of December 31, 2024 and 2023. Interest and penalties related to uncertain tax benefits, if any, in the future will be recognized as operating expense. The Company has and may in the future enter into purchase and sale transactions in accordance with Section 1031 of the Internal Revenue Code of 1986, as amended, for the exchange of like-kind property to defer taxable gains on the sale of real estate properties (“1031 Exchange”).
Sales and Marketing Costs	Sales and Marketing Costs Sales and marketing costs are expensed when incurred. These costs represent the expense for franchise advertising and reservation systems under the terms of the hotel management and franchise agreements and general and administrative expenses that are directly attributable to advertising and promotion.
Use of Estimates	Use of Estimates The preparation of the financial statements in conformity with accounting principles generally accepted in the U.S. ( “ GAAP ” ) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
Accounting Standards Recently Adopted/Issued	Accounting Standards Recently Adopted In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires disclosure of significant segment expenses and other segment items on an annual and interim basis and disclosure in interim periods about a reportable segment’s profit or loss and assets that are currently required annually. Additionally, it requires disclosure of the title and position of the Chief Operating Decision Maker (“CODM”) and requires a public entity that has a single reportable segment to provide all disclosures required by the amendments in this ASU and all existing segment disclosures in Topic 280. This ASU does not change how a public entity identifies its operating segments, aggregates them, or applies the quantitative thresholds to determine its reportable segments. The new standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The adoption of this ASU only impacted disclosures with no impact on the Company’s consolidated financial statements. See Note 12 for the Company’s segment disclosures in accordance with the adoption of this ASU. Accounting Standards Recently Issued In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which focuses on income tax disclosures around effective tax rates and cash income taxes paid. This update requires disclosure, on an annual basis, a tabular rate reconciliation using both percentages and currency amounts, broken out into specified categories with certain reconciling items further broken out by nature and jurisdiction to the extent those items exceed a specified threshold. In addition, all entities are required to disclose income taxes paid, net of refunds received disaggregated by federal, state/local, and foreign and by jurisdiction if the amount is at least 5% of total income tax payments, net of refunds received. The new standard is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The amendments in this ASU may be applied prospectively by providing the revised disclosures for the period ending December 31, 2025 and continuing to provide the pre-ASU disclosures for the prior periods, or the amendments may be applied retrospectively by providing the revised disclosures for all periods presented. As of December 31, 2024, the Company has not adopted this ASU. The adoption of this ASU is expected to only impact disclosures with no impact on the Company’s consolidated financial statements. In November 2024, the FASB issued ASU No. 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which focuses on improving the disclosures about a public business entity’s amounts and types of expenses. The update mandates an entity to disclose the amounts of specific natural expense categories—such as purchases of inventory, employee compensation, depreciation, intangible asset amortization, and depletion—within relevant expense captions presented on the face of the income statement. Additionally, an entity must disclose qualitative descriptions of the composition of any remaining expense not separately disaggregated and disclose the total amount of selling expenses, and in annual reporting periods, the entity’s definition of selling expenses. The new standard is effective for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027, with early adoption permitted. The amendments in this ASU may be applied prospectively by providing the revised disclosures for the period ending December 31, 2027 and continuing to provide the pre-ASU disclosures for the prior periods, or the amendments may be applied retrospectively by providing the revised disclosures for all periods presented. As of December 31, 2024, the Company has not adopted this ASU and is currently evaluating the impact of this ASU on the Company’s consolidated financial statements and related disclosures.

Investment in Real Estate (Tabl

Investment in Real Estate (Tables)	12 Months Ended
	Dec. 31, 2024
Real Estate Properties [Line Items]
Schedule of Investment in Real Estate	The Company’s investment in real estate consisted of the following (in thousands): December 31, December 31, 2024 2023 Land $ 839,187 $ 828,868 Building and improvements 5,064,866 4,917,105 Furniture, fixtures and equipment 610,062 571,026 Finance ground lease assets 102,084 102,084 Franchise fees 25,893 21,233 6,642,092 6,440,316 Less accumulated depreciation and amortization ( 1,821,344 ) ( 1,662,942 ) Investment in real estate, net $ 4,820,748 $ 4,777,374
2024 Acquisitions [Member]
Real Estate Properties [Line Items]
Schedule of Hotel Acquisitions	The following table sets forth the location, brand, manager, date acquired, number of guest rooms and gross purchase price, excluding transaction costs, for each property. All dollar amounts are in thousands. City State Brand Manager Date Guest Rooms Gross Washington, D.C. N/A AC Hotels HHM 3/25/2024 234 $ 116,804 Madison WI Embassy Suites Raymond 6/20/2024 262 79,516 496 $ 196,320
2023 Acquisitions [Member]
Real Estate Properties [Line Items]
Schedule of Hotel Acquisitions	The following table sets forth the location, brand, manager, date acquired, number of guest rooms and gross purchase price, excluding transaction costs, for each property. All dollar amounts are in thousands. City State Brand Manager Date Guest Rooms Gross Cleveland OH Courtyard Concord 6/30/2023 154 $ 31,000 Salt Lake City UT Courtyard North Central 10/11/2023 175 48,110 Salt Lake City UT Hyatt House North Central 10/11/2023 159 34,250 Salt Lake City (1) UT N/A North Central 10/11/2023 N/A 9,140 Renton WA Residence Inn InnVentures 10/18/2023 146 55,500 South Jordan UT Embassy Suites HHM 11/21/2023 192 36,750 Las Vegas NV SpringHill Suites Crescent (2) 12/27/2023 299 75,000 1,125 $ 289,750 (1) This property is a free-standing parking garage which serves both the Courtyard and Hyatt House hotels in Salt Lake City, Utah and the surrounding area, however, it is not affiliated with any brand. (2) The Manager noted is as of the date the hotel was acquired. Effective October 1, 2024, management responsibility of this property was transferred from Crescent to Highgate.

Assets Held for Sale and Disp_2

Assets Held for Sale and Dispositions (Tables)	12 Months Ended
	Dec. 31, 2024
Schedule of Hotels Sold	The following table lists the six hotels sold in 2024: City State Brand Date Sold Guest Rooms Rogers AR Hampton 2/9/2024 122 Rogers AR Homewood Suites 2/9/2024 126 Greensboro NC SpringHill Suites 5/21/2024 82 Wichita KS Courtyard 11/12/2024 90 Knoxville TN TownePlace Suites 12/3/2024 97 Austin TX Hilton Garden Inn 12/31/2024 117 Total 634

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Tables [Line Items]
Schedule of Future Minimum Debt Payments	The aggregate amounts of principal payable under the Company’s total debt obligations as of December 31, 2024 (including the Revolving Credit Facility (if any) (as defined below), term loans, senior notes and mortgage debt), for the five years subsequent to December 31, 2024 and thereafter are as follows (in thousands): 2025 $ 295,035 2026 287,149 2027 278,602 2028 334,066 2029 162,294 Thereafter 119,654 1,476,800 Unamortized fair value adjustment of assumed debt 192 Unamortized debt issuance costs ( 5,540 ) Total $ 1,471,452
Schedule of Total Fixed-Rate and Variable Rate Debt	The Company uses interest rate swaps to manage its interest rate risk on a portion of its variable-rate debt. Throughout the terms of these interest rate swaps, the Company pays a fixed rate of interest and receives a floating rate of interest equal to the annual SOFR for a one-month term (“one-month SOFR”) plus a 0.10 % SOFR spread adjustment . The swaps are designed to effectively fix the interest payments on variable-rate debt instruments. See Note 5 for more information on the interest rate swap agreements. The Company’s total fixed-rate and variable-rate debt, after giving effect to its interest rate swaps in effect at December 31, 2024 and 2023, is set forth below. All dollar amounts are in thousands. December 31, Percentage December 31, Percentage Fixed-rate debt (1) $ 1,114,300 75 % $ 1,228,002 89 % Variable-rate debt 362,500 25 % 150,000 11 % Total $ 1,476,800 $ 1,378,002 Weighted-average interest rate of debt 4.71 % 4.26 % (1) Fixed-rate debt includes the portion of variable-rate debt where the interest payments have been effectively fixed by interest rate swaps as of the respective balance sheet date. See Note 5 for more information on the interest rate swap agreements.
Summary [Member]
Debt Tables [Line Items]
Schedule of Long-term Debt Instruments	As of December 31, 2024 and 2023, the Company’s debt consisted of the following (in thousands): December 31, December 31, Revolving credit facility $ 82,500 $ - Term loans and senior notes, net 1,135,175 1,088,904 Mortgage debt, net 253,777 282,590 Debt, net $ 1,471,452 $ 1,371,494
Credit Facilities [Member]
Debt Tables [Line Items]
Schedule of Long-term Debt Instruments	As of December 31, 2024 and 2023, the details of the Company’s unsecured credit facilities were as set forth in the table below. All dollar amounts are in thousands. Outstanding Balance Interest Rate Maturity December 31, 2024 December 31, 2023 Revolving credit facility (1) SOFR + 0.10 % + 1.40 % - 2.25 % 7/25/2026 $ 82,500 $ - Term loans and senior notes $275 million term loan SOFR + 0.10 % + 1.35 % - 2.20 % 7/25/2027 275,000 275,000 $300 million term loan SOFR + 0.10 % + 1.35 % - 2.20 % 1/31/2028 300,000 300,000 $50 million term loan SOFR + 0.10 % + 1.35 % - 2.20 % 8/2/2025 (3) 50,000 50,000 $175 million term loan SOFR + 0.10 % + 1.65 % - 2.50 % 8/2/2025 (3) 175,000 175,000 $130 million term loan SOFR + 0.10 % + 1.35 % - 2.20 % 7/25/2026 (4) 130,000 85,000 $85 million term loan SOFR + 0.10 % + 1.70 % - 2.55 % 12/31/2029 85,000 85,000 $50 million senior notes 3.60 % - 4.35 % 3/31/2030 50,000 50,000 $75 million senior notes 4.88 % - 5.63 % 6/2/2029 75,000 75,000 Term loans and senior notes at stated 1,140,000 1,095,000 Unamortized debt issuance costs ( 4,825 ) ( 6,096 ) Term loans and senior notes, net 1,135,175 1,088,904 Credit facilities, net (1) $ 1,217,675 $ 1,088,904 Weighted-average interest rate (2) 4.88 % 4.35 % (1) Excludes unamortized debt issuance costs related to the Revolving Credit Facility totaling approximately $ 2.1 million and $ 3.5 million as of December 31, 2024 and December 31, 2023 , respectively, which are included in other assets, net in the Company’s consolidated balance sheets. (2) Interest rate represents the weighted-average effective annual interest rate at the balance sheet date which includes the effect of interest rate swaps in effect on $ 735.0 million and $ 820.0 million of the outstanding variable-rate debt as of December 31, 2024 and 2023 , respectively. See Note 5 for more information on the interest rate swap agreements. The one-month SOFR at December 31, 2024 and December 31, 2023 was 4.33 % and 5.35 %, respectively. (3) The Company plans to pay outstanding amounts and service payments due upon the upcoming debt maturity date using funds from operations, borrowings under its Revolving Credit Facility, proceeds from new financing, available credit extensions under its unsecured credit facilities or refinancing the maturing debt. (4) On July 17, 2024, the Company amended the 2017 $ 85 million term loan facility, which increased the amount of the term loan facility to $ 130 million, with the additional $ 45 million funded at closing, and extended the maturity date to July 25, 2026 . The interest rate, subject to certain exceptions, is equal to an annual rate of the one-month SOFR plus a 0.10 % SOFR spread adjustment plus a margin ranging from 1.35 % to 2.20 %, depending on the Company's leverage ratio, as calculated under the terms of the amended credit agreement. Subject to certain conditions, including covenant compliance and additional fees, the maturity date of the $ 130 million term loan facility may be extended by the Company to July 25, 2027.
Mortgage Debt [Member]
Debt Tables [Line Items]
Schedule of Long-term Debt Instruments	As of December 31, 2024, the Company had approximately $ 254.3 million in outstanding mortgage debt secured by 14 properties with maturity dates ranging from April 2025 to May 2038 , stated interest rates ranging from 3.40 % to 4.46 % and effective interest rates ranging from 3.40 % to 4.37 %. The loans generally provide for monthly payments of principal and interest on an amortized basis and defeasance or prepayment penalties if prepaid. The following table sets forth the hotel properties securing each loan, the interest rate, loan assumption or origination date, maturity date, the principal amount assumed or originated, and the outstanding balance prior to any fair value adjustments or debt issuance costs as of December 31, 2024 and 2023 for each of the Company’s mortgage debt obligations. All dollar amounts are in thousands. Location Brand Interest (1) Loan Maturity Principal Outstanding Outstanding New Orleans, LA Homewood Suites 4.36 % 7/17/2014 (2) 27,000 - 20,304 Westford, MA Residence Inn 4.28 % 3/18/2015 4/11/2025 (3) 10,000 7,391 7,713 Denver, CO Hilton Garden Inn 4.46 % 9/1/2016 6/11/2025 (3) 34,118 26,229 27,337 Oceanside, CA Courtyard 4.28 % 9/1/2016 10/1/2025 (3) 13,655 11,381 11,707 Omaha, NE Hilton Garden Inn 4.28 % 9/1/2016 10/1/2025 (3) 22,681 18,904 19,445 Boise, ID Hampton 4.37 % 5/26/2016 6/11/2026 24,000 20,156 20,685 Burbank, CA Courtyard 3.55 % 11/3/2016 12/1/2026 25,564 19,698 20,526 San Diego, CA Courtyard 3.55 % 11/3/2016 12/1/2026 25,473 19,628 20,453 San Diego, CA Hampton 3.55 % 11/3/2016 12/1/2026 18,963 14,611 15,226 Burbank, CA SpringHill Suites 3.94 % 3/9/2018 4/1/2028 28,470 23,385 24,237 Santa Ana, CA Courtyard 3.94 % 3/9/2018 4/1/2028 15,530 12,756 13,221 Richmond, VA Courtyard 3.40 % 2/12/2020 3/11/2030 14,950 13,509 13,832 Richmond, VA Residence Inn 3.40 % 2/12/2020 3/11/2030 14,950 13,509 13,832 Portland, ME Residence Inn 3.43 % 3/2/2020 3/1/2032 33,500 30,500 30,500 San Jose, CA Homewood Suites 4.22 % 12/22/2017 5/1/2038 30,000 22,643 23,984 $ 338,854 254,300 283,002 Unamortized fair value adjustment 192 526 Unamortized debt issuance costs ( 715 ) ( 938 ) Total $ 253,777 $ 282,590 (1) Interest rates are the rates per the loan agreement. For loans assumed, the Company adjusted the interest rates per the loan agreement to market rates and is amortizing the adjustments to interest expense over the life of the loan. (2) Loan was repaid in full on August 12, 2024. (3) The Company plans to pay the outstanding amount and service payments due upon the upcoming debt maturity date using funds from operations, borrowings under its Revolving Credit Facility and/or proceeds from new financing.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Interest Rate Swap Agreements	The following table sets forth information for each of the Company’s interest rate swap agreements outstanding as of December 31, 2024 and 2023. All dollar amounts are in thousands. Fair Value Asset (Liability) Notional Amount at December 31, 2024 Origination Effective Maturity Swap Fixed December 31, December 31, Active interest rate swaps designated as cash flow hedges at December 31, 2024: $ 75,000 8/21/2019 5/18/2020 5/18/2025 1.26 % $ 887 $ 3,273 50,000 6/1/2018 1/31/2019 6/30/2025 2.88 % 361 1,117 25,000 12/6/2018 1/31/2020 6/30/2025 2.74 % 197 608 75,000 8/21/2019 5/18/2021 5/18/2026 1.29 % 2,924 4,580 125,000 11/3/2023 11/3/2023 11/18/2026 4.51 % ( 860 ) ( 2,333 ) 50,000 8/2/2024 8/2/2024 8/18/2027 3.63 % 590 - 50,000 8/1/2024 8/5/2024 8/31/2027 3.84 % 344 - 50,000 3/17/2023 3/20/2023 3/18/2028 3.50 % 910 268 50,000 3/17/2023 3/20/2023 3/20/2028 3.49 % 900 242 50,000 8/1/2024 8/5/2024 8/18/2028 3.75 % 554 - 50,000 7/18/2024 7/18/2024 7/18/2029 3.96 % 270 - 85,000 12/31/2019 12/31/2019 12/31/2029 1.87 % 8,510 7,788 735,000 15,587 15,543 Matured interest rate swaps at December 31, 2024: 50,000 12/7/2018 5/18/2020 1/31/2024 2.71 % - 114 75,000 5/31/2017 7/31/2017 6/30/2024 1.95 % - 1,202 10,000 8/10/2017 8/10/2017 6/30/2024 2.02 % - 157 50,000 7/2/2019 7/5/2019 7/18/2024 1.64 % - 956 50,000 8/21/2019 8/23/2019 8/18/2024 1.31 % - 1,193 50,000 8/21/2019 8/23/2019 8/30/2024 1.32 % - 1,239 $ 285,000 - 4,861 $ 15,587 $ 20,404
Derivative Instruments, Gain (Loss) Recognized	The following tables present the effect of derivative instruments in cash flow hedging relationships in the Company’s consolidated statements of operations and comprehensive income for the years ended December 31, 2024, 2023 and 2022 (in thousands): Net Unrealized Gain Recognized in Other Comprehensive Income (Loss) 2024 2023 2022 Interest rate derivatives in cash flow hedging $ 15,200 $ 5,870 $ 52,714 Net Unrealized Gain Reclassified from Accumulated Other Comprehensive Income to Interest and Other Expense, net 2024 2023 2022 Interest rate derivatives in cash flow hedging $ 20,017 $ 22,347 $ 325

Compensation Plans (Tables)

Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Information Pertaining to Share-based Compensation Issued	The following table sets forth information pertaining to the share-based compensation issued under the 2023 Incentive Plan, the 2022 Incentive Plan and the incentive plan for 2021 (the “2021 Incentive Plan”): 2023 Incentive Plan 2022 Incentive Plan 2021 Incentive Plan Period common shares issued First Quarter 2024 First Quarter 2023 First Quarter 2022 Common shares earned under each incentive plan 1,110,664 935,189 868,079 Common shares surrendered on issuance date to satisfy tax 306,346 263,026 245,597 Common shares earned and issued under each incentive plan, net of 804,318 672,163 622,482 Average of the high and low stock price on issuance date $ 16.27 $ 16.70 $ 17.79 Total share-based compensation earned, including the $ 18.1 (1) $ 15.6 (2) $ 15.4 (3) Of the total common shares earned and issued, total common shares 399,842 360,176 338,032 Of the total common shares earned and issued, total common shares 404,476 311,987 284,450 Restricted common shares vesting date December 13, 2024 December 8, 2023 December 9, 2022 Common shares surrendered on vesting date to satisfy tax 170,970 134,085 114,147 (1) Of the total 2023 share-based compensation, approximately $ 14.8 million was recognized as share-based compensation expense during the year ended December 31, 2023, and included in accounts payable and other liabilities in the Company's consolidated balance sheet at December 31, 2023 , and the remaining $ 3.3 million, which vested on December 13, 2024 and excludes any restricted shares forfeited or vested prior to that date, was recognized as share-based compensation expense during the year ended December 31, 2024 . (2) Of the total 2022 share-based compensation, approximately $ 12.5 million was recognized as share-based compensation expense during the year ended December 31, 2022, and included in accounts payable and other liabilities in the Company's consolidated balance sheet at December 31, 2022 , and the remaining $ 2.6 million, which vested on December 8, 2023 and excludes any restricted shares forfeited or vested prior to that date, was recognized as share-based compensation expense during the year ended December 31, 2023 . (3) Of the total 2021 share-based compensation, approximately $ 2.5 million, which vested on December 9, 2022 and excludes any restricted shares forfeited or vested prior to that date, was recognized as share-based compensation expense during the year ended December 31, 2022 .

Management and Franchise Agre_2

Management and Franchise Agreements (Tables)	12 Months Ended
	Dec. 31, 2024
Contractors [Abstract]
Schedule of Hotel Properties Managed by Third Parties	Each of the Company’s 221 hotels owned as of December 31, 2024 is operated and managed under a separate management agreement with one of the following management companies or one of their affiliates, none of which are affiliated with the Company: Manager Number of LBAM-Investor Group, LLC (“LBA”) 33 Dimension Development Two, LLC (“Dimension”) 31 Crestline Hotels & Resorts, LLC (“Crestline”) 25 Raymond Management Company, Inc. (“Raymond”) 21 Hersha Hospitality Management L.P. (“HHM”) 19 Texas Western Management Partners, LP (“Western”) 16 Marriott International, Inc. (“Marriott”) 13 MHH Management, LLC (“McKibbon”) 13 North Central Hospitality, LLC (“North Central”) 11 Newport Hospitality Group, Inc. (“Newport”) 10 Chartwell Hospitality, LLC (“Chartwell”) 9 InnVentures IVI, LP (“InnVentures”) (1) 9 Concord Hospitality Enterprises Company, LLC (“Concord”) 4 Huntington Hotel Group, LP (“Huntington”) 3 White Lodging Services Corporation (“White Lodging”) 3 Highgate Hotels, L.P. ("Highgate") 1 Total 221 (1) InnVentures is a subsidiary of Highgate.

Lease Commitments (Tables)

Lease Commitments (Tables)	12 Months Ended
	Dec. 31, 2024
Lessee Operating And Financing Leases [Abstract]
Schedule of Lease-related Assets and Liabilities	The following table sets forth the lease-related assets and liabilities included in the Company’s consolidated balance sheet as of December 31, 2024 and 2023. All dollar amounts are in thousands. December 31, Consolidated Balance Sheet 2024 2023 Assets Operating lease assets, net Other assets, net $ 24,331 $ 25,389 Finance ground lease assets, net (1) Investment in real estate, net 83,954 86,992 Total lease assets $ 108,285 $ 112,381 Liabilities Operating lease liabilities Accounts payable and other liabilities $ 10,962 $ 11,447 Finance lease liabilities Finance lease liabilities 111,585 111,892 Total lease liabilities $ 122,547 $ 123,339 Weighted-average remaining lease term Operating leases 36 years Finance leases 29 years Weighted-average discount rate Operating leases 5.51 % Finance leases 5.31 % (1) Finance ground lease assets are net of accumulated amortization of approximately $ 18.1 million and $ 15.1 million as of December 31, 2024 and 2023, respectively .
Schedule of Lease Costs Related to Operating and Finance Ground Leases	The following table sets forth the lease costs related to the Company’s operating and finance ground leases included in the Company’s consolidated statement of operations for the years ended December 31, 2024, 2023 and 2022 (in thousands): Year Ended December 31, Consolidated Statement of 2024 2023 2022 Operating lease costs (1) Property taxes, insurance and other $ 1,886 $ 1,776 $ 1,794 Finance lease costs: Amortization of lease assets Depreciation and amortization expense 3,038 3,038 3,038 Interest on lease liabilities Interest and other expense, net 5,867 5,877 5,872 Total lease costs $ 10,791 $ 10,691 $ 10,704 (1) Represents costs related to ground leases, including variable lease costs. Excludes costs related to hotel equipment leases, which are included in hotel operating expense and property taxes, insurance and other expense, and costs related to office space leases, which are included in general and administrative expense in the Company’s consolidated statement of operations. These costs are not significant for disclosure.
Schedule of Undiscounted Cash Flows for Each of Next Five Years and Total of Remaining Years to Operating Lease Liabilities and Finance Lease Liabilities	The following table reconciles the undiscounted cash flows for each of the next five years and total of the remaining years to the operating lease liabilities and finance lease liabilities included in the Company’s consolidated balance sheet as of December 31, 2024 (in thousands): Operating Leases Finance Leases 2025 $ 1,098 $ 6,338 2026 893 6,500 2027 728 6,700 2028 715 6,879 2029 741 7,056 Thereafter 28,893 209,619 Total minimum lease payments 33,068 243,092 Less: amount of lease payments representing 22,106 131,507 Present value of lease liabilities $ 10,962 $ 111,585
Supplemental Cash Flow Information related to Operating and Finance Leases	The following table sets forth supplemental cash flow information related to the Company’s operating and finance leases for the years ended December 31, 2024, 2023 and 2022 (in thousands): Year Ended December 31, 2024 2023 2022 Cash paid for amounts included in the Operating cash flows for operating leases $ 1,100 $ 1,106 $ 1,166 Operating cash flows for finance leases 5,659 5,651 5,469 Financing cash flows for finance leases 515 340 173

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The components of income tax expense (benefit) are as follows (in thousands): Year Ended December 31, 2024 2023 2022 Current: Federal $ - $ - $ ( 34 ) State 947 1,135 1,974 Deferred: Federal - - - State - - - Income tax expense $ 947 $ 1,135 $ 1,940
Schedule of Reconciliation Between the Provision For Income Taxes And Amounts Computed	Below is a reconciliation between the provision for income taxes and the amounts computed by applying the federal statutory income tax rate to the income or loss before taxes (in thousands): Year Ended December 31, 2024 2023 2022 Statutory federal tax expense $ 44,954 $ 37,273 $ 30,409 Federal tax impact of REIT election ( 50,456 ) ( 39,865 ) ( 27,261 ) Statutory federal tax expense (benefit) at TRS ( 5,502 ) ( 2,592 ) 3,148 State income tax expense (benefit), net of federal tax benefit 748 897 1,559 Change in valuation allowance 5,701 2,830 ( 2,767 ) Income tax expense $ 947 $ 1,135 $ 1,940
Schedule Of Characterization of Distributions	For income tax purposes, distributions paid consist of ordinary income, capital gains, return of capital or a combination thereof. For the years ended December 31, 2024, 2023 and 2022, distributions per share were characterized as follows (unaudited): Year Ended December 31, 2024 2023 2022 Amount of distributions per share $ 1.01 $ 1.01 $ 0.76 Characterized as: Ordinary income 100 % 97 % 100 % Capital gain distributions 0 % 0 % 0 % Return of capital 0 % 3 % 0 %

Reportable Segments (Tables)

Reportable Segments (Tables)	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Schedule of Reconciliation of Adjusted Hotel EBITDA To GAAP Net Income	The following table reconciles the Company’s single reportable segment Adjusted Hotel EBITDA to GAAP net income for the years ended December 31, 2024, 2023 and 2022 (in thousands): Year Ended December 31, 2024 2023 2022 Total revenue $ 1,431,468 $ 1,343,800 $ 1,238,417 Less: Significant hotel operating expenses Operating 357,352 332,714 300,852 Hotel administrative 123,086 114,071 105,396 Sales and marketing 126,938 117,538 104,756 Utilities 50,065 47,422 45,017 Repair and maintenance 69,697 65,412 58,729 Franchise fees 64,017 59,315 53,901 Management fees 46,716 44,253 41,830 Total significant hotel operating expenses 837,871 780,725 710,481 Other expenses Property taxes, insurance & other 84,382 79,307 72,907 Other (1) ( 329 ) 1,876 ( 550 ) 84,053 81,183 72,357 Adjusted Hotel EBITDA 509,544 481,892 455,579 General and administrative ( 42,542 ) ( 47,401 ) ( 42,464 ) Impairment of depreciable real estate ( 3,055 ) ( 5,644 ) ( 26,175 ) Depreciation and amortization ( 190,603 ) ( 183,242 ) ( 181,697 ) Gain on sale of real estate 19,744 - 1,785 Other (1) ( 329 ) 1,876 ( 550 ) Interest expense, net ( 77,748 ) ( 68,857 ) ( 59,733 ) Income tax expense ( 947 ) ( 1,135 ) ( 1,940 ) Net income $ 214,064 $ 177,489 $ 144,805 (1) Includes operating results from the non-hotel property for the years ended December 31, 2024 and 2023 and the expenses relating to amortization of favorable and unfavorable operating leases and non-cash straight-line operating ground lease expense to ensure their exclusion from Adjusted Hotel EBITDA as these items do not reflect the underlying operating performance of the Company's hotels .

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies - Additional Information (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Feb. 28, 2025 Hotel	Dec. 31, 2024 USD ($) Hotel State Room Segment GuestRoom Property	Dec. 31, 2023 USD ($) Property Hotel	Dec. 31, 2022 USD ($) Property
Organization and Summary of Significant Accounting Policies (Details) [Line Items]
Number of reportable segments | Segment		1
Number of hotels		221
Aggregate number of hotel rooms | GuestRoom		29,764
Number of states in which hotels are located | State		37
Property, plant and equipment, cost capitalization		The Company considers expenditures to be capital in nature based on the following criteria: (1) for a single asset, the cost must be at least $500, including all normal and necessary costs to place the asset in service, and the useful life must be at least one year; (2) for group purchases of 10 or more identical assets, the unit cost for each asset must be at least $50, including all normal and necessary costs to place the asset in service, and the useful life must be at least one year; and (3) for major repairs to a single asset, the repair must be at least $2,500 and the useful life of the asset must be substantially extended.
Hotel property initial hold period		39 years
Impairment of real estate | $		$ 3,055	$ 5,644	$ 26,175
Number of hotels held for sale		2	2
Number of guest rooms held for sale | Room		206
Real estate investment trust qualification description		To qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that it distribute at least 90% of its REIT taxable income, subject to certain adjustments and excluding any net capital gain, to shareholders. If the Company fails to qualify as a REIT in any taxable year, it will be subject to U.S. federal income tax on its taxable income at regular corporate income tax rates (including any applicable corporate minimum tax) and generally will be unable to re-elect REIT status until the fifth calendar year after the year in which it failed to qualify as a REIT, unless it satisfies certain relief provisions. The Company intends to adhere to the REIT qualification requirements and to maintain its qualification for taxation as a REIT.
Subsequent Event [Member]
Organization and Summary of Significant Accounting Policies (Details) [Line Items]
Number of real estate properties sold	1
Real Estate Impairment Charges [Member]
Organization and Summary of Significant Accounting Policies (Details) [Line Items]
Number of real estate properties | Property		3	2	2
Impairment of real estate | $		$ 3,100	$ 5,600	$ 26,200
Building [Member]
Organization and Summary of Significant Accounting Policies (Details) [Line Items]
Property, plant and equipment, useful life		39 years
Major Improvements [Member]
Organization and Summary of Significant Accounting Policies (Details) [Line Items]
Property, plant and equipment, useful life		10 years
Maximum [Member]
Organization and Summary of Significant Accounting Policies (Details) [Line Items]
Percentage of revenue reserved for replacements		5%
Maximum [Member] | Franchise Fees [Member]
Organization and Summary of Significant Accounting Policies (Details) [Line Items]
Property, plant and equipment, useful life		20 years
Maximum [Member] | Furniture and Fixtures [Member]
Organization and Summary of Significant Accounting Policies (Details) [Line Items]
Property, plant and equipment, useful life		7 years
Minimum [Member] | Franchise Fees [Member]
Organization and Summary of Significant Accounting Policies (Details) [Line Items]
Property, plant and equipment, useful life		10 years
Minimum [Member] | Furniture and Fixtures [Member]
Organization and Summary of Significant Accounting Policies (Details) [Line Items]
Property, plant and equipment, useful life		3 years

Investment In Real Estate - Sch

Investment In Real Estate - Schedule of Investment in Real Estate (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Property Plant And Equipment [Line Items]
Real estate investment property, at cost	$ 6,642,092	$ 6,440,316
Less accumulated depreciation and amortization	(1,821,344)	(1,662,942)	$ (1,492,097)
Investment in real estate, net	4,820,748	4,777,374
Land [Member]
Property Plant And Equipment [Line Items]
Real estate investment property, at cost	839,187	828,868
Building and Improvements [Member]
Property Plant And Equipment [Line Items]
Real estate investment property, at cost	5,064,866	4,917,105
Furniture, Fixtures and Equipment [Member]
Property Plant And Equipment [Line Items]
Real estate investment property, at cost	610,062	571,026
Finance Ground Lease Assets [Member]
Property Plant And Equipment [Line Items]
Real estate investment property, at cost	102,084	102,084
Franchise Fees [Member]
Property Plant And Equipment [Line Items]
Real estate investment property, at cost	$ 25,893	$ 21,233

Investment in Real Estate - Add

Investment in Real Estate - Additional Information (Details) $ in Thousands	1 Months Ended		12 Months Ended
	Feb. 28, 2025 Hotel	May 31, 2023 GuestRoom	Dec. 31, 2024 USD ($) Hotel State GuestRoom	Dec. 31, 2023 USD ($) Property Hotel GuestRoom	Dec. 31, 2022 USD ($) Hotel	Feb. 12, 2025 GuestRoom	Feb. 29, 2024 Hotel
Investment In Real Estate [Line Items]
Number of hotels			221
Aggregate number of hotel rooms | GuestRoom			29,764
Number of states in which hotels are located | State			37
Number of hotels held for sale			2	2
Number of guest rooms held for sale | GuestRoom			206
Lessor, Operating Lease, Term of Contract		15 years
Total revenue | $			$ 1,431,468	$ 1,343,800	$ 1,238,417
Operating income (loss) | $			$ 292,759	$ 247,481	$ 206,478
Subsequent Event [Member]
Investment In Real Estate [Line Items]
Number of real estate properties sold	1
Hotels Sold [Member]
Investment In Real Estate [Line Items]
Number of hotels			6		1		2
Hotels Sold [Member] | Subsequent Event [Member]
Investment In Real Estate [Line Items]
Aggregate number of hotel rooms | GuestRoom						76
Independent Boutique Hotel, New York [Member]
Investment In Real Estate [Line Items]
Number of guest rooms under operating lease | GuestRoom		210
Hotel Acquisitions [Member]
Investment In Real Estate [Line Items]
Number of hotels			2	6
Aggregate number of hotel rooms | GuestRoom			496	1,125
Number of parking structure purchased				1
Total revenue | $			$ 24,700	$ 9,700
Operating income (loss) | $			$ 4,700	$ 1,600
Property [Member]
Investment In Real Estate [Line Items]
Number of hotels | Property				7

Investment in Real Estate - S_2

Investment in Real Estate - Schedule of Hotel Acquisitions (Details) $ in Thousands		12 Months Ended
		Dec. 31, 2024 USD ($) Room GuestRoom	Dec. 31, 2023 USD ($) GuestRoom
Real Estate Properties [Line Items]
Guest Rooms | GuestRoom		29,764
Hotel Acquisitions [Member]
Real Estate Properties [Line Items]
Guest Rooms | GuestRoom		496	1,125
Gross Purchase Price | $		$ 196,320	$ 289,750
Courtyard Cleveland OH [Member]
Real Estate Properties [Line Items]
Guest Rooms | Room		154
Courtyard Cleveland OH [Member] | Hotel Acquisitions [Member]
Real Estate Properties [Line Items]
Manager			Concord
Date Acquired			Jun. 30, 2023
Guest Rooms | GuestRoom			154
Gross Purchase Price | $			$ 31,000
Courtyard, Salt Lake City, UT [Member]
Real Estate Properties [Line Items]
Guest Rooms | Room		175
Courtyard, Salt Lake City, UT [Member] | Hotel Acquisitions [Member]
Real Estate Properties [Line Items]
Manager			North Central
Date Acquired			Oct. 11, 2023
Guest Rooms | GuestRoom			175
Gross Purchase Price | $			$ 48,110
Hyatt House, Salt Lake City, UT [Member]
Real Estate Properties [Line Items]
Guest Rooms | Room		159
Hyatt House, Salt Lake City, UT [Member] | Hotel Acquisitions [Member]
Real Estate Properties [Line Items]
Manager			North Central
Date Acquired			Oct. 11, 2023
Guest Rooms | GuestRoom			159
Gross Purchase Price | $			$ 34,250
Salt Lake City, UT [Member] | Hotel Acquisitions [Member]
Real Estate Properties [Line Items]
Manager	[1]		North Central
Date Acquired	[1]		Oct. 11, 2023
Gross Purchase Price | $	[1]		$ 9,140
Residence Inn, Renton, WA [Member]
Real Estate Properties [Line Items]
Guest Rooms | Room		146
Residence Inn, Renton, WA [Member] | Hotel Acquisitions [Member]
Real Estate Properties [Line Items]
Manager			InnVentures
Date Acquired			Oct. 18, 2023
Guest Rooms | GuestRoom			146
Gross Purchase Price | $			$ 55,500
Embassy Suites, South Jordan, UT [Member]
Real Estate Properties [Line Items]
Guest Rooms | Room		192
Embassy Suites, South Jordan, UT [Member] | Hotel Acquisitions [Member]
Real Estate Properties [Line Items]
Manager			HHM
Date Acquired			Nov. 21, 2023
Guest Rooms | GuestRoom			192
Gross Purchase Price | $			$ 36,750
SpringHill Suites, Las Vegas, NV [Member]
Real Estate Properties [Line Items]
Guest Rooms | Room		300
SpringHill Suites, Las Vegas, NV [Member] | Hotel Acquisitions [Member]
Real Estate Properties [Line Items]
Manager	[2]		Crescent
Date Acquired			Dec. 27, 2023
Guest Rooms | GuestRoom			299
Gross Purchase Price | $			$ 75,000
AC Hotel in Washington D.C [Member] | Hotel Acquisitions [Member]
Real Estate Properties [Line Items]
Manager		HHM
Date Acquired		Mar. 25, 2024
Guest Rooms | GuestRoom		234
Gross Purchase Price | $		$ 116,804
Embassy Suites Madison W I [Member]
Real Estate Properties [Line Items]
Guest Rooms | Room		262
Embassy Suites Madison W I [Member] | Hotel Acquisitions [Member]
Real Estate Properties [Line Items]
Manager		Raymond
Date Acquired		Jun. 20, 2024
Guest Rooms | GuestRoom		262
Gross Purchase Price | $		$ 79,516
[1] This property is a free-standing parking garage which serves both the Courtyard and Hyatt House hotels in Salt Lake City, Utah and the surrounding area, however, it is not affiliated with any brand. The Manager noted is as of the date the hotel was acquired. Effective October 1, 2024, management responsibility of this property was transferred from Crescent to Highgate.

Assets Held for Sale and Disp_3

Assets Held for Sale and Dispositions - Additional Information (Details) $ in Thousands	1 Months Ended	3 Months Ended				12 Months Ended
	Dec. 31, 2024 USD ($) Hotel GuestRoom Property Agreement	Dec. 31, 2024 USD ($) Hotel GuestRoom Property	Sep. 30, 2024 USD ($) Property	Dec. 31, 2023 USD ($) Property Hotel	Dec. 31, 2022 USD ($)	Dec. 31, 2024 USD ($) Hotel GuestRoom Property	Dec. 31, 2023 USD ($) Property Hotel	Dec. 31, 2022 USD ($)	Feb. 28, 2025 Hotel	Feb. 29, 2024 Hotel	Dec. 31, 2022 Hotel	Dec. 31, 2022 Property	Dec. 31, 2022 Room
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Number of hotels | Hotel	221	221				221
Gain (Loss) on Disposition of Assets						$ 19,744		$ 1,785
Guest Rooms | GuestRoom	29,764	29,764				29,764
Impairment of depreciable real estate						$ 3,055	$ 5,644	26,175
Estimated fair market value of hotels	$ 4,820,748	$ 4,820,748		$ 4,777,374		$ 4,820,748	$ 4,777,374
Hotels Sold [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Number of hotels | Hotel	6	6				6				2	1
Deferral Taxable Gain						$ 15,100
Hotels Sold [Member] | General Corporate Purposes [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Number of hotels | Hotel	4	4				4					1
Hotels Sold [Member] | 2024 Dispositions [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Number of hotels | Hotel	6	6				6
Sale of real estate assets, gross sales price						$ 63,400
Gain (Loss) on Disposition of Assets						19,700
Real Estate Investment, Carrying Value	$ 42,600	$ 42,600				$ 42,600
Hotels Sold [Member] | 2023 Dispositions [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Number of hotels | Hotel				0			0
Hotels Sold [Member] | 2022 Dispositions [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Number of hotels | Hotel											1
Sale of real estate assets, gross sales price								8,500
Gain (Loss) on Disposition of Assets								1,800
Real Estate Investment, Carrying Value					$ 6,500			6,500
Guest Rooms | Room													55
Assets Held for Sale [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Number of purchase and sale agreements | Agreement	2
Number of assets held for sale | Hotel	2	2				2
Number of hotels | Hotel	2	2				2
Sale of real estate assets, gross sales price	$ 21,000
Hotels Sold [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Operating income (loss), excluding gain (loss) on sale of real estate						$ (2,000)	$ (2,500)	4,200
Number of real estate properties | Hotel						9
Impairment of Depreciable Real Estate [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Number of hotels	3	3	3	2		3	2				2	2
Real Estate Investment, Carrying Value				$ 17,400			$ 17,400
Impairment of depreciable real estate		$ 200	$ 2,900	5,600	$ 26,200	$ 3,100	5,600	$ 26,200
Estimated fair market value of hotels				$ 11,800			$ 11,800
Purchase, gross sales price		$ 21,700	$ 21,700
Impairment of Depreciable Real Estate [Member] | Minimum [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Stabilized room revenue growth rates percentage					2.40%
Estimated discount rates percentage					7.50%
Impairment of Depreciable Real Estate [Member] | Maximum [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Stabilized room revenue growth rates percentage					4.80%
Estimated discount rates percentage					9%
Forecast [Member] | Hotels Sold [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Number of hotels | Hotel									1

Assets Held for Sale and Disp_4

Assets Held for Sale and Dispositions - Schedule of Hotels Sold (Details)	12 Months Ended
	Dec. 31, 2024 GuestRoom
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Guest Rooms	634
Hampton Rogers, AR [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold	Feb. 09, 2024
Guest Rooms	122
Homewood Suites Rogers, AR [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold	Feb. 09, 2024
Guest Rooms	126
SpringHill Suites Greensboro, NC [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold	May 21, 2024
Guest Rooms	82
Courtyard Wichita, KS [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold	Nov. 12, 2024
Guest Rooms	90
TownePlace Suites Knoxville, TN [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold	Dec. 03, 2024
Guest Rooms	97
Hilton Garden Inn Austin, TX [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Date Sold	Dec. 31, 2024
Guest Rooms	117

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
Revolving credit facility	$ 82,500
Term loans and senior notes, net	1,135,175	$ 1,088,904
Mortgage debt, net	253,777	282,590
Debt, net	$ 1,471,452	$ 1,371,494

Debt - Schedule of Future Minim

Debt - Schedule of Future Minimum Debt Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
2025	$ 295,035
2026	287,149
2027	278,602
2028	334,066
2029	162,294
Thereafter	119,654
Debt, gross	1,476,800	$ 1,378,002
Unamortized fair value adjustment of assumed debt	192
Unamortized debt issuance costs	(5,540)
Debt, net	$ 1,471,452	$ 1,371,494

Debt - Schedule of Total Fixed-

Debt - Schedule of Total Fixed-Rate and Variable Rate Debt (Details) - USD ($) $ in Thousands		Dec. 31, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
Fixed-rate debt	[1]	$ 1,114,300	$ 1,228,002
Variable-rate debt		362,500	150,000
Debt, gross		$ 1,476,800	$ 1,378,002
Weighted-average interest rate of debt		4.71%	4.26%
Fixed-rate debt, Percentage	[1]	75%	89%
Variable-rate debt, Percentage		25%	11%
[1] Fixed-rate debt includes the portion of variable-rate debt where the interest payments have been effectively fixed by interest rate swaps as of the respective balance sheet date. See Note 5 for more information on the interest rate swap agreements.

Debt - Additional Information (

Debt - Additional Information (Details)

12 Months Ended

29 Months Ended

Jul. 17, 2024 USD ($)

Jul. 19, 2023 USD ($)

Dec. 31, 2019 USD ($) Loan

Jan. 29, 2019 USD ($)

Jul. 25, 2017 USD ($) Loan

Dec. 31, 2024 USD ($) Hotel_Property

Dec. 31, 2023 USD ($)

Dec. 31, 2022 USD ($)

Dec. 31, 2024 USD ($)

Jan. 17, 2023 USD ($)

Oct. 24, 2022 USD ($)

Jul. 25, 2022 USD ($)

Jun. 02, 2022 USD ($)

Mar. 16, 2020 USD ($)

Aug. 02, 2018 USD ($)

Debt Details [Line Items]

Debt instrument, description of variable rate basis

plus a 0.10% SOFR spread adjustment

Proceeds from term loans and senior notes

$ 45,000,000

$ 50,000,000

$ 175,000,000

Outstanding debt

1,476,800,000

1,378,002,000

$ 1,476,800,000

Amortization of debt discount (premium)

(300,000)

(300,000)

(200,000)

Amortization of debt issuance costs

3,800,000

3,600,000

4,000,000

Interest costs capitalized

$ 1,400,000

$ 1,500,000

$ 1,300,000

SOFR spread adjustment rate

0.10%

0.10%

2017 $85 Million Unsecured Term Loan Facility [Member]

Debt Details [Line Items]

Number of term loans | Loan

1

Debt instrument, face amount

$ 85,000,000

Debt instrument, maturity date

Jul. 25, 2024

Debt instrument, description of variable rate basis

one-month SOFR plus a 0.10% SOFR spread adjustment

SOFR spread adjustment rate

0.10%

2019 $85 Million Unsecured Term Loan Facility [Member]

Debt Details [Line Items]

Number of term loans | Loan

1

Debt instrument, face amount

$ 85,000,000

$ 85,000,000

$ 85,000,000

Debt instrument, maturity date

Dec. 31, 2029

Debt instrument, description of variable rate basis

one-month SOFR plus a 0.10% SOFR spread adjustment

SOFR spread adjustment rate

0.10%

0.10%

$50 Million Senior Notes [Member]

Debt Details [Line Items]

Debt instrument, face amount

$ 50,000,000

$ 50,000,000

$ 50,000,000

Debt instrument, maturity date

Mar. 31, 2030

$75 Million Senior Notes [Member]

Debt Details [Line Items]

Debt instrument, face amount

$ 75,000,000

75,000,000

$ 75,000,000

Debt instrument, maturity date

Jun. 02, 2029

$130 Million Unsecured Term Loan Facility [Member]

Debt Details [Line Items]

Debt instrument, face amount

$ 130,000,000

$ 130,000,000

130,000,000

Debt instrument, maturity date

Jul. 25, 2026

SOFR spread adjustment rate

0.10%

Debt instrument extended maturity date

Jul. 25, 2026

Debt instrument additional borrowings funds

$ 45,000,000

Mortgage Debt [Member]

Debt Details [Line Items]

Debt instrument, maturity date, description

maturity dates ranging from April 2025 to May 2038

Outstanding debt

$ 254,300,000

254,300,000

Number of hotel properties used to secure debt | Hotel_Property

14

575 Million Unsecured Term Loan Facility [Member]

Debt Details [Line Items]

Line of credit facility, maximum borrowing capacity

$ 575,000,000

575,000,000

$225 Million Unsecured Term Loan Facility [Member]

Debt Details [Line Items]

Term loan facility, maximum borrowing capacity

$ 225,000,000

$ 225,000,000

$ 225,000,000

$ 225,000,000

Debt instrument, description of variable rate basis

one-month SOFR plus a 0.10% SOFR spread adjustment

SOFR spread adjustment rate

0.10%

0.10%

$225 Million Unsecured Term Loan Facility [Member] | $50 Million Unsecured Term Loan [Member]

Debt Details [Line Items]

Debt instrument, face amount

$ 50,000,000

50,000,000

Debt instrument, maturity date

Aug. 02, 2023

Date of amended and restated credit facility

Aug. 02, 2018

Debt instrument extended maturity date

Aug. 02, 2025

Debt instrument extended maturity date term

2 years

$225 Million Unsecured Term Loan Facility [Member] | $175 Million Unsecured Term Loan [Member]

Debt Details [Line Items]

Debt instrument, face amount

$ 100,000,000

Debt instrument, maturity date

Aug. 02, 2025

Total borrowing capacity under term loan

$ 175,000,000

$ 175,000,000

Proceeds from term loans and senior notes

$ 75,000,000

Debt instrument, description

$100 million was funded on August 2, 2018, and the remaining $75 million was funded on January 29, 2019 (the term loans described in clauses (i) and (ii) are referred to together as the “$225 million term loan facility”)

Credit Facilities [Member]

Debt Details [Line Items]

Line of credit facility, covenant terms

The credit agreements governing the unsecured credit facilities (collectively, the “credit agreements”) contain mandatory prepayment requirements, customary affirmative and negative covenants, restrictions on certain investments and events of default, including the following financial and restrictive covenants (capitalized terms not defined below are defined in the credit agreements):•A ratio of Consolidated Total Indebtedness to Consolidated EBITDA (“Maximum Consolidated Leverage Ratio”) of not more than 7.25 to 1.00;•A ratio of Consolidated Secured Indebtedness to Consolidated Total Assets (“Maximum Secured Leverage Ratio”) of not more than 45%;•A minimum Consolidated Tangible Net Worth of approximately $3.4 billion plus an amount equal to 75% of the Net Cash Proceeds from issuances and sales of Equity Interests occurring after the Closing Date, July 25, 2022, subject to adjustment;•A ratio of Adjusted Consolidated EBITDA to Consolidated Fixed Charges (“Minimum Fixed Charge Coverage Ratio”) of not less than 1.50 to 1.00 for the trailing four full quarters;•A ratio of Unencumbered Adjusted NOI to Consolidated Implied Interest Expense for Consolidated Unsecured Indebtedness (“Minimum Unsecured Interest Coverage Ratio”) of not less than 2.00 to 1.00 for the trailing four full quarters;•A ratio of Consolidated Unsecured Indebtedness to Unencumbered Asset Value (“Maximum Unsecured Leverage Ratio”) of not more than 60% (subject to a higher level in certain circumstances); and•A ratio of Consolidated Secured Recourse Indebtedness to Consolidated Total Assets (“Maximum Secured Recourse Indebtedness”) of not more than 10%.The Company was in compliance with the applicable covenants at December 31, 2024.

Unsecured Credit Facility [Member]

Debt Details [Line Items]

Minimum consolidated tangible net worth

$ 3,400,000,000

$ 3,400,000,000

Percentage of net cash proceeds from issuances and sales of equity interests

75%

75%

$1.2 Billion Credit Facility [Member]

Debt Details [Line Items]

Line of credit facility, maximum borrowing capacity

$ 1,200,000,000

$ 1,200,000,000

$ 1,200,000,000

Debt instrument, description of variable rate basis

one-month SOFR plus a 0.10% SOFR spread adjustment

SOFR spread adjustment rate

0.10%

0.10%

$1.2 Billion Credit Facility [Member] | $650 Million Revolving Credit Facility [Member]

Debt Details [Line Items]

Line of credit facility, maximum borrowing capacity

$ 650,000,000

$ 650,000,000

Line of credit facility, remaining borrowing capacity

$ 567,500,000

567,500,000

Debt instrument extended maturity date

Jul. 25, 2026

$1.2 Billion Credit Facility [Member] | $275 Million Term Loan Facility [Member]

Debt Details [Line Items]

Debt instrument, face amount

$ 275,000,000

275,000,000

Debt instrument extended maturity date

Jul. 25, 2027

$1.2 Billion Credit Facility [Member] | $300 Million Term Loan Facility [Member]

Debt Details [Line Items]

Term loan facility, maximum borrowing capacity

$ 300,000,000

300,000,000

Debt instrument extended maturity date

Jan. 31, 2028

$1.2 Billion Credit Facility [Member] | $300 Million Term Loan Facility [Member] | Delayed Draw Term Loan [Member]

Debt Details [Line Items]

Debt instrument, description

$150 million delayed draw option until 180 days from closing), of which $200 million was funded at closing

Term loan facility, remaining available capacity

150,000,000

$1.2 Billion Credit Facility [Member] | $300 Million Term Loan Facility [Member] | Loan Funded At Closing [Member]

Debt Details [Line Items]

Debt instrument, face amount

$ 200,000,000

$1.2 Billion Credit Facility [Member] | $300 Million Term Loan Facility [Member] | Loans Funded On October Twenty Four Two Thousand Twenty Two [Member]

Debt Details [Line Items]

Debt instrument, face amount

$ 50,000,000

$1.2 Billion Credit Facility [Member] | $300 Million Term Loan Facility [Member] | Loan Funded At January Seventeen Two Thousand Twenty Three [Member]

Debt Details [Line Items]

Debt instrument, face amount

$ 50,000,000

Revolving Credit Facility [Member]

Debt Details [Line Items]

Debt instrument, maturity date

[1]

Jul. 25, 2026

Outstanding debt

[1]

$ 82,500,000

$ 82,500,000

SOFR spread adjustment rate

[1]

0.10%

0.10%

Minimum [Member] | 2017 $85 Million Unsecured Term Loan Facility [Member] | SOFR Interest Rate Margin [Member]

Debt Details [Line Items]

Debt instrument, basis spread on variable rate

1.30%

Minimum [Member] | 2019 $85 Million Unsecured Term Loan Facility [Member] | SOFR Interest Rate Margin [Member]

Debt Details [Line Items]

Debt instrument, basis spread on variable rate

1.70%

Minimum [Member] | $50 Million Senior Notes [Member]

Debt Details [Line Items]

Note payable, fixed annual interest rate

3.60%

3.60%

Minimum [Member] | $75 Million Senior Notes [Member]

Debt Details [Line Items]

Note payable, fixed annual interest rate

4.88%

4.88%

Minimum [Member] | $130 Million Unsecured Term Loan Facility [Member]

Debt Details [Line Items]

Debt instrument, basis spread on variable rate

1.35%

Minimum [Member] | Mortgage Debt [Member]

Debt Details [Line Items]

Note payable, fixed annual interest rate

3.40%

3.40%

Effective interest rates

3.40%

3.40%

Minimum [Member] | $225 Million Unsecured Term Loan Facility [Member] | SOFR Interest Rate Margin [Member]

Debt Details [Line Items]

Debt instrument, basis spread on variable rate

1.35%

Minimum [Member] | Unsecured Credit Facility [Member]

Debt Details [Line Items]

Ratio of adjusted consolidated EBITDA to consolidated fixed charges

1.5

1.5

Ratio of unencumbered adjusted NOI to consolidated implied interest expense

2

2

Minimum [Member] | $1.2 Billion Credit Facility [Member] | SOFR Interest Rate Margin [Member]

Debt Details [Line Items]

Debt instrument, basis spread on variable rate

1.35%

Minimum [Member] | $1.2 Billion Unsecured Credit Facility [Member] | $650 Million Revolving Credit Facility [Member]

Debt Details [Line Items]

Line of credit facility, unused capacity, commitment fee percentage

0.20%

Minimum [Member] | Revolving Credit Facility [Member]

Debt Details [Line Items]

Debt instrument, basis spread on variable rate

[1]

1.40%

Maximum [Member] | 2017 $85 Million Unsecured Term Loan Facility [Member] | SOFR Interest Rate Margin [Member]

Debt Details [Line Items]

Debt instrument, basis spread on variable rate

2.10%

Maximum [Member] | 2019 $85 Million Unsecured Term Loan Facility [Member] | SOFR Interest Rate Margin [Member]

Debt Details [Line Items]

Debt instrument, basis spread on variable rate

2.55%

Maximum [Member] | $50 Million Senior Notes [Member]

Debt Details [Line Items]

Note payable, fixed annual interest rate

4.35%

4.35%

Maximum [Member] | $75 Million Senior Notes [Member]

Debt Details [Line Items]

Note payable, fixed annual interest rate

5.63%

5.63%

Maximum [Member] | $130 Million Unsecured Term Loan Facility [Member]

Debt Details [Line Items]

Debt instrument, basis spread on variable rate

2.20%

Maximum [Member] | Mortgage Debt [Member]

Debt Details [Line Items]

Note payable, fixed annual interest rate

4.46%

4.46%

Effective interest rates

4.37%

4.37%

Maximum [Member] | $225 Million Unsecured Term Loan Facility [Member] | SOFR Interest Rate Margin [Member]

Debt Details [Line Items]

Debt instrument, basis spread on variable rate

2.50%

Maximum [Member] | Unsecured Credit Facility [Member]

Debt Details [Line Items]

Ratio of consolidated total indebtedness to consolidated EBITDA

7.25

7.25

Ratio of consolidated secured indebtedness to consolidated total assets

45%

45%

Ratio of un secured indebtedness to unencumbered asset value ("Maximum Unsecured Leverage Ratio")

60%

60%

Ratio of secured recourse indebtedness to consolidated total assets

10%

10%

Maximum [Member] | $1.2 Billion Credit Facility [Member] | SOFR Interest Rate Margin [Member]

Debt Details [Line Items]

Debt instrument, basis spread on variable rate

2.25%

Maximum [Member] | $1.2 Billion Unsecured Credit Facility [Member] | $650 Million Revolving Credit Facility [Member]

Debt Details [Line Items]

Line of credit facility, unused capacity, commitment fee percentage

0.25%

Maximum [Member] | Revolving Credit Facility [Member]

Debt Details [Line Items]

Debt instrument, basis spread on variable rate

[1]

2.25%

[1] Excludes unamortized debt issuance costs related to the Revolving Credit Facility totaling approximately $ 2.1 million and $ 3.5 million as of December 31, 2024 and December 31, 2023 , respectively, which are included in other assets, net in the Company’s consolidated balance sheets.

Debt - Schedule of Unsecured Cr

Debt - Schedule of Unsecured Credit Facilities (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Interest Rate, Description		one-month SOFR plus a 0.10% SOFR spread adjustment
Outstanding Balance		$ 1,476,800	$ 1,378,002
Revolving credit facility outstanding balance		82,500
Unamortized debt issuance costs		(5,540)
Term loans and senior notes, net		1,135,175	1,088,904
Credit facilities, net		$ 1,471,452	$ 1,371,494
Weighted-average interest rate		4.71%	4.26%
SOFR spread adjustment rate		0.10%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Interest Rate, Description	[1]	SOFR + 0.10% + 1.40% - 2.25%
Maturity Date	[1]	Jul. 25, 2026
Outstanding Balance	[1]	$ 82,500
SOFR spread adjustment rate	[1]	0.10%
Revolving Credit Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	[1]	1.40%
Revolving Credit Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate	[1]	2.25%
Million275 Term Loan [Member]
Debt Instrument [Line Items]
Interest Rate, Description		SOFR + 0.10% + 1.35% - 2.20%
Maturity Date		Jul. 25, 2027
Outstanding Balance		$ 275,000	$ 275,000
SOFR spread adjustment rate		0.10%
Million275 Term Loan [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate		1.35%
Million275 Term Loan [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate		2.20%
Million300 Term Loan [Member]
Debt Instrument [Line Items]
Interest Rate, Description		SOFR + 0.10% + 1.35% - 2.20%
Maturity Date		Jan. 31, 2028
Outstanding Balance		$ 300,000	300,000
SOFR spread adjustment rate		0.10%
Million300 Term Loan [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate		1.35%
Million300 Term Loan [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate		2.20%
$50 Million Term Loan [Member]
Debt Instrument [Line Items]
Interest Rate, Description		SOFR + 0.10% + 1.35% - 2.20%
Maturity Date	[2]	Aug. 02, 2025
Outstanding Balance		$ 50,000	50,000
SOFR spread adjustment rate		0.10%
$50 Million Term Loan [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate		1.35%
$50 Million Term Loan [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate		2.20%
$175 Million Term Loan [Member]
Debt Instrument [Line Items]
Interest Rate, Description		SOFR + 0.10% + 1.65% - 2.50%
Maturity Date	[2]	Aug. 02, 2025
Outstanding Balance		$ 175,000	175,000
SOFR spread adjustment rate		0.10%
$175 Million Term Loan [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate		1.65%
$175 Million Term Loan [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate		2.50%
$130 Million Term Loan [Member]
Debt Instrument [Line Items]
Interest Rate, Description		SOFR + 0.10% + 1.35% - 2.20%
Maturity Date	[3]	Jul. 25, 2026
Outstanding Balance		$ 130,000	85,000
SOFR spread adjustment rate		0.10%
$130 Million Term Loan [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate		1.35%
$130 Million Term Loan [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate		2.20%
$85 Million Term Loan [Member]
Debt Instrument [Line Items]
Interest Rate, Description		SOFR + 0.10% + 1.70% - 2.55%
Maturity Date		Dec. 31, 2029
Outstanding Balance		$ 85,000	85,000
SOFR spread adjustment rate		0.10%
$85 Million Term Loan [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate		1.70%
$85 Million Term Loan [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis Spread on Variable Rate		2.55%
$50 Million Senior Notes [Member]
Debt Instrument [Line Items]
Interest Rate, Description		3.60% - 4.35%
Maturity Date		Mar. 31, 2030
Outstanding Balance		$ 50,000	50,000
$50 Million Senior Notes [Member] | Minimum [Member]
Debt Instrument [Line Items]
Interest Rate		3.60%
$50 Million Senior Notes [Member] | Maximum [Member]
Debt Instrument [Line Items]
Interest Rate		4.35%
$75 Million Senior Notes [Member]
Debt Instrument [Line Items]
Interest Rate, Description		4.88% - 5.63%
Maturity Date		Jun. 02, 2029
Outstanding Balance		$ 75,000	75,000
$75 Million Senior Notes [Member] | Minimum [Member]
Debt Instrument [Line Items]
Interest Rate		4.88%
$75 Million Senior Notes [Member] | Maximum [Member]
Debt Instrument [Line Items]
Interest Rate		5.63%
Term Loans and Senior Loans, Net [Member]
Debt Instrument [Line Items]
Outstanding Balance		$ 1,140,000	1,095,000
Unamortized debt issuance costs		(4,825)	(6,096)
Term loans and senior notes, net		1,135,175	1,088,904
Credit Facilities, Net [Member]
Debt Instrument [Line Items]
Credit facilities, net	[1]	$ 1,217,675	$ 1,088,904
Weighted-average interest rate	[4]	4.88%	4.35%
[1] Excludes unamortized debt issuance costs related to the Revolving Credit Facility totaling approximately $ 2.1 million and $ 3.5 million as of December 31, 2024 and December 31, 2023 , respectively, which are included in other assets, net in the Company’s consolidated balance sheets. The Company plans to pay outstanding amounts and service payments due upon the upcoming debt maturity date using funds from operations, borrowings under its Revolving Credit Facility, proceeds from new financing, available credit extensions under its unsecured credit facilities or refinancing the maturing debt. On July 17, 2024, the Company amended the 2017 $ 85 million term loan facility, which increased the amount of the term loan facility to $ 130 million, with the additional $ 45 million funded at closing, and extended the maturity date to July 25, 2026 . The interest rate, subject to certain exceptions, is equal to an annual rate of the one-month SOFR plus a 0.10 % SOFR spread adjustment plus a margin ranging from 1.35 % to 2.20 %, depending on the Company's leverage ratio, as calculated under the terms of the amended credit agreement. Subject to certain conditions, including covenant compliance and additional fees, the maturity date of the $ 130 million term loan facility may be extended by the Company to July 25, 2027. Interest rate represents the weighted-average effective annual interest rate at the balance sheet date which includes the effect of interest rate swaps in effect on $ 735.0 million and $ 820.0 million of the outstanding variable-rate debt as of December 31, 2024 and 2023 , respectively. See Note 5 for more information on the interest rate swap agreements. The one-month SOFR at December 31, 2024 and December 31, 2023 was 4.33 % and 5.35 %, respectively.

Debt - Schedule of Unsecured _2

Debt - Schedule of Unsecured Credit Facilities (Parentheticals) (Details) - USD ($)			12 Months Ended
	Jul. 17, 2024	Jul. 19, 2023	Dec. 31, 2024	Dec. 31, 2023	Aug. 02, 2018	Jul. 25, 2017
Debt Details [Line Items]
Debt issuance costs, net			$ 5,540,000
Debt Instrument, Basis of Variable Rate			4.33%	5.35%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]			Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
$130 Million Unsecured Term Loan Facility [Member]
Debt Details [Line Items]
Debt instrument, face amount	$ 130,000,000		$ 130,000,000
Debt instrument extended maturity date	Jul. 25, 2026
$130 Million Unsecured Term Loan Facility [Member] | Minimum [Member]
Debt Details [Line Items]
Debt Instrument, Basis of Variable Rate			1.35%
$130 Million Unsecured Term Loan Facility [Member] | Maximum [Member]
Debt Details [Line Items]
Debt Instrument, Basis of Variable Rate			2.20%
2017 $85 Million Unsecured Term Loan Facility [Member]
Debt Details [Line Items]
Debt instrument, face amount						$ 85,000,000
Outstanding Variable-Rate Debt Effectively Fixed By Interest Rate Swaps [Member]
Debt Details [Line Items]
Derivative, notional amount			$ 735,000,000	$ 820,000,000
Revolving Credit Facilities [Member]
Debt Details [Line Items]
Debt issuance costs, net			2,100,000	$ 3,500,000
$225 Million Unsecured Term Loan Facility [Member]
Debt Details [Line Items]
Term loan facility, maximum borrowing capacity		$ 225,000,000	$ 225,000,000		$ 225,000,000
$225 Million Unsecured Term Loan Facility [Member] | $50 Million Unsecured Term Loan [Member]
Debt Details [Line Items]
Debt instrument, face amount		$ 50,000,000			$ 50,000,000
Debt instrument extended maturity date term		2 years
Debt instrument extended maturity date		Aug. 02, 2025

Debt - Schedule of Mortgage Deb

Debt - Schedule of Mortgage Debt Obligations (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Outstanding Balance		$ 1,476,800	$ 1,378,002
Unamortized fair value adjustment of assumed debt		192
Unamortized debt issuance costs		(5,540)
Total		$ 253,777	282,590
Homewood Suites New Orleans, LA [Member]
Debt Instrument [Line Items]
Interest Rate	[1]	4.36%
Loan Assumption or Origination Date		Jul. 17, 2014
Note payable, principal assumed or originated		$ 27,000
Outstanding Balance			20,304
Residence Inn Westford, MA [Member]
Debt Instrument [Line Items]
Interest Rate	[1]	4.28%
Loan Assumption or Origination Date		Mar. 18, 2015
Maturity Date	[2]	Apr. 11, 2025
Note payable, principal assumed or originated		$ 10,000
Outstanding Balance		$ 7,391	7,713
Hilton Garden Inn Denver, CO [Member]
Debt Instrument [Line Items]
Interest Rate	[1]	4.46%
Loan Assumption or Origination Date		Sep. 01, 2016
Maturity Date	[2]	Jun. 11, 2025
Note payable, principal assumed or originated		$ 34,118
Outstanding Balance		$ 26,229	27,337
Courtyard Oceanside, CA [Member]
Debt Instrument [Line Items]
Interest Rate	[1]	4.28%
Loan Assumption or Origination Date		Sep. 01, 2016
Maturity Date	[2]	Oct. 01, 2025
Note payable, principal assumed or originated		$ 13,655
Outstanding Balance		$ 11,381	11,707
Hilton Garden Inn Omaha, NE [Member]
Debt Instrument [Line Items]
Interest Rate	[1]	4.28%
Loan Assumption or Origination Date		Sep. 01, 2016
Maturity Date	[2]	Oct. 01, 2025
Note payable, principal assumed or originated		$ 22,681
Outstanding Balance		$ 18,904	19,445
Hampton Boise, ID [Member]
Debt Instrument [Line Items]
Interest Rate	[1]	4.37%
Loan Assumption or Origination Date		May 26, 2016
Maturity Date		Jun. 11, 2026
Note payable, principal assumed or originated		$ 24,000
Outstanding Balance		$ 20,156	20,685
Courtyard Burbank, CA [Member]
Debt Instrument [Line Items]
Interest Rate	[1]	3.55%
Loan Assumption or Origination Date		Nov. 03, 2016
Maturity Date		Dec. 01, 2026
Note payable, principal assumed or originated		$ 25,564
Outstanding Balance		$ 19,698	20,526
Courtyard San Diego, CA [Member]
Debt Instrument [Line Items]
Interest Rate	[1]	3.55%
Loan Assumption or Origination Date		Nov. 03, 2016
Maturity Date		Dec. 01, 2026
Note payable, principal assumed or originated		$ 25,473
Outstanding Balance		$ 19,628	20,453
Hampton San Diego, CA [Member]
Debt Instrument [Line Items]
Interest Rate	[1]	3.55%
Loan Assumption or Origination Date		Nov. 03, 2016
Maturity Date		Dec. 01, 2026
Note payable, principal assumed or originated		$ 18,963
Outstanding Balance		$ 14,611	15,226
SpringHill Suites Burbank, CA [Member]
Debt Instrument [Line Items]
Interest Rate	[1]	3.94%
Loan Assumption or Origination Date		Mar. 09, 2018
Maturity Date		Apr. 01, 2028
Note payable, principal assumed or originated		$ 28,470
Outstanding Balance		$ 23,385	24,237
Courtyard Santa Ana, CA [Member]
Debt Instrument [Line Items]
Interest Rate	[1]	3.94%
Loan Assumption or Origination Date		Mar. 09, 2018
Maturity Date		Apr. 01, 2028
Note payable, principal assumed or originated		$ 15,530
Outstanding Balance		$ 12,756	13,221
Courtyard Richmond, VA [Member]
Debt Instrument [Line Items]
Interest Rate	[1]	3.40%
Loan Assumption or Origination Date		Feb. 12, 2020
Maturity Date		Mar. 11, 2030
Note payable, principal assumed or originated		$ 14,950
Outstanding Balance		$ 13,509	13,832
Residence Inn Richmond, VA [Member]
Debt Instrument [Line Items]
Interest Rate	[1]	3.40%
Loan Assumption or Origination Date		Feb. 12, 2020
Maturity Date		Mar. 11, 2030
Note payable, principal assumed or originated		$ 14,950
Outstanding Balance		$ 13,509	13,832
Residence Inn Portland, ME [Member]
Debt Instrument [Line Items]
Interest Rate	[1]	3.43%
Loan Assumption or Origination Date		Mar. 02, 2020
Maturity Date		Mar. 01, 2032
Note payable, principal assumed or originated		$ 33,500
Outstanding Balance		$ 30,500	30,500
Homewood Suites San Jose, CA [Member]
Debt Instrument [Line Items]
Interest Rate	[1]	4.22%
Loan Assumption or Origination Date		Dec. 22, 2017
Maturity Date		May 01, 2038
Note payable, principal assumed or originated		$ 30,000
Outstanding Balance		22,643	23,984
Aggregate Properties [Member]
Debt Instrument [Line Items]
Note payable, principal assumed or originated		338,854
Outstanding Balance		254,300	283,002
Unamortized fair value adjustment of assumed debt		192	526
Unamortized debt issuance costs		$ (715)	$ (938)
[1] Interest rates are the rates per the loan agreement. For loans assumed, the Company adjusted the interest rates per the loan agreement to market rates and is amortizing the adjustments to interest expense over the life of the loan. The Company plans to pay the outstanding amount and service payments due upon the upcoming debt maturity date using funds from operations, borrowings under its Revolving Credit Facility and/or proceeds from new financing.

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) Derivative_Instrument	Dec. 31, 2023 USD ($)
Fair Value of Financial Instruments [Line Items]
Variable Rate	0.10%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Interest Rate, Description	one-month SOFR plus a 0.10% SOFR spread adjustment
Long-term debt, carrying value	$ 1,471,452	$ 1,371,494
Long-term debt, fair value	1,400,000	$ 1,300,000
Interest rate cash flow hedge gain (loss) to be reclassified during next 12 months, net	$ 6,700
Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments [Line Items]
Number of interest rate swap agreements | Derivative_Instrument	12

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Schedule of Interest Rate Swap Agreements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Fair value asset (liability)	$ 15,587	$ 20,404
Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	735,000
Fair value asset (liability)	15,587	15,543
Not Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	285,000
Fair value asset (liability)	0	4,861
Interest Rate Swap #1 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 75,000
Origination Date	Aug. 21, 2019
Effective Date	May 18, 2020
Maturity date	May 18, 2025
Swap fixed interest rate	1.26%
Fair value asset (liability)	$ 887	3,273
Interest Rate Swap #2 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 50,000
Origination Date	Jun. 01, 2018
Effective Date	Jan. 31, 2019
Maturity date	Jun. 30, 2025
Swap fixed interest rate	2.88%
Fair value asset (liability)	$ 361	1,117
Interest Rate Swap #3 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 25,000
Origination Date	Dec. 06, 2018
Effective Date	Jan. 31, 2020
Maturity date	Jun. 30, 2025
Swap fixed interest rate	2.74%
Fair value asset (liability)	$ 197	608
Interest Rate Swap #4 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 75,000
Origination Date	Aug. 21, 2019
Effective Date	May 18, 2021
Maturity date	May 18, 2026
Swap fixed interest rate	1.29%
Fair value asset (liability)	$ 2,924	4,580
Interest Rate Swap #5 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 125,000
Origination Date	Nov. 03, 2023
Effective Date	Nov. 03, 2023
Maturity date	Nov. 18, 2026
Swap fixed interest rate	4.51%
Fair value asset (liability)	$ (860)	(2,333)
Interest Rate Swap #6 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 50,000
Origination Date	Aug. 02, 2024
Effective Date	Aug. 02, 2024
Maturity date	Aug. 18, 2027
Swap fixed interest rate	3.63%
Fair value asset (liability)	$ 590
Interest Rate Swap #7 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 50,000
Origination Date	Aug. 01, 2024
Effective Date	Aug. 05, 2024
Maturity date	Aug. 31, 2027
Swap fixed interest rate	3.84%
Fair value asset (liability)	$ 344
Interest Rate Swap #8 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 50,000
Origination Date	Mar. 17, 2023
Effective Date	Mar. 20, 2023
Maturity date	Mar. 18, 2028
Swap fixed interest rate	3.50%
Fair value asset (liability)	$ 910	268
Interest Rate Swap #9 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 50,000
Origination Date	Mar. 17, 2023
Effective Date	Mar. 20, 2023
Maturity date	Mar. 20, 2028
Swap fixed interest rate	3.49%
Fair value asset (liability)	$ 900	242
Interest Rate Swap #10 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 50,000
Origination Date	Aug. 01, 2024
Effective Date	Aug. 05, 2024
Maturity date	Aug. 18, 2028
Swap fixed interest rate	3.75%
Fair value asset (liability)	$ 554
Interest Rate Swap #11 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 50,000
Origination Date	Jul. 18, 2024
Effective Date	Jul. 18, 2024
Maturity date	Jul. 18, 2029
Swap fixed interest rate	3.96%
Fair value asset (liability)	$ 270
Interest Rate Swap #12 [Member] | Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 85,000
Origination Date	Dec. 31, 2019
Effective Date	Dec. 31, 2019
Maturity date	Dec. 31, 2029
Swap fixed interest rate	1.87%
Fair value asset (liability)	$ 8,510	7,788
Interest Rate Swap #13 [Member] | Not Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 50,000
Origination Date	Dec. 07, 2018
Effective Date	May 18, 2020
Maturity date	Jan. 31, 2024
Swap fixed interest rate	2.71%
Fair value asset (liability)	$ 0	114
Interest Rate Swap #14 [Member] | Not Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 75,000
Origination Date	May 31, 2017
Effective Date	Jul. 31, 2017
Maturity date	Jun. 30, 2024
Swap fixed interest rate	1.95%
Fair value asset (liability)	$ 0	1,202
Interest Rate Swap #15 [Member] | Not Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 10,000
Origination Date	Aug. 10, 2017
Effective Date	Aug. 10, 2017
Maturity date	Jun. 30, 2024
Swap fixed interest rate	2.02%
Fair value asset (liability)	$ 0	157
Interest Rate Swap #16 [Member] | Not Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 50,000
Origination Date	Jul. 02, 2019
Effective Date	Jul. 05, 2019
Maturity date	Jul. 18, 2024
Swap fixed interest rate	1.64%
Fair value asset (liability)	$ 0	956
Interest Rate Swap #17 [Member] | Not Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 50,000
Origination Date	Aug. 21, 2019
Effective Date	Aug. 23, 2019
Maturity date	Aug. 18, 2024
Swap fixed interest rate	1.31%
Fair value asset (liability)	$ 0	1,193
Interest Rate Swap #18 [Member] | Not Designated as Hedging Instrument [Member]
Fair Value of Financial Instruments Schedule of Interest Rate Swap Agreements [Line Items]
Derivative, notional amount	$ 50,000
Origination Date	Aug. 21, 2019
Effective Date	Aug. 23, 2019
Maturity date	Aug. 30, 2024
Swap fixed interest rate	1.32%
Fair value asset (liability)	$ 0	$ 1,239

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Derivative Instruments, Gain (Loss) Recognized (Details) - Interest Rate Derivatives [Member] - Cash Flow Hedging Relationships [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain Recognized in Other Comprehensive Income (Loss)	$ 15,200	$ 5,870	$ 52,714
Net Unrealized Gain Reclassified from Accumulated Other Comprehensive Income to Interest and Other Expense, net	$ 20,017	$ 22,347	$ 325

Related Parties - Additional In

Related Parties - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Aircraft Owned by Executive Officers [Member] | General and Administrative Expenses [Member]
Related Parties Details [Line Items]
Related Party Transaction, Amounts of Transaction	$ 100,000	$ 100,000	$ 100,000
Reimbursement Received From Related Parties For Their Proportionate Share of Staffing and Office Related Costs Provided by Apple Hospitality [Member]
Related Parties Details [Line Items]
Related Party Transaction, Amounts of Transaction	1,500,000	1,200,000	$ 1,000,000
Reimbursement Received From Related Parties For Their Proportionate Share of Staffing and Office Related Costs Provided by Apple Hospitality [Member] | Apple Realty Group, Inc. [Member]
Related Parties Details [Line Items]
Other Receivables	$ 500,000	$ 500,000
Cost Sharing Arrangement [Member]
Related Parties Details [Line Items]
Related party transaction, Description of transaction	To efficiently manage cash disbursements, the Company or ARG may make payments for the other company. Under this cash management process, each company may advance or defer up to $1 million at any time. Each quarter, any outstanding amounts are settled between the companies. This process allows each company to minimize its cash on hand and reduces the cost for each company. The amounts outstanding at any point in time are not significant to either of the companies.
Cost Sharing Arrangement [Member] | Maximum [Member]
Related Parties Details [Line Items]
Related Party Transaction, Amounts of Transaction	$ 1,000,000

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Details) - USD ($)		12 Months Ended
	Jan. 15, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Feb. 18, 2025	Jan. 17, 2025	Feb. 23, 2024	Aug. 12, 2020
Shareholders Equity Details [Line Items]
Common stock, dividends, per share, cash paid		$ 1.01	$ 1.04	$ 0.61
Payments of ordinary dividends, common stock		$ 243,722,000	$ 238,283,000	$ 139,467,000
Accrued distribution		$ 31,170,000	$ 31,397,000	36,551,000
Cash distribution declared		$ 0.08	$ 0.08
Commissions and issuance costs		$ 517,000		300,000
Proceeds from issuance of common stock, net		$ (483,000)	$ 215,923,000	(265,000)
Stock repurchase program, extended term		1 year
Stock repurchase program, authorized amount		$ 335,400,000
Share repurchase program, end period		2025-07
Number of shares repurchased		2,400,000
Stock repurchased value per share		$ 14.16
Stock repurchased value		$ 34,652,000	$ 6,880,000	$ 2,675,000
Preferred stock, shares outstanding (in shares)		0	0
Preferred stock, shares issued (in shares)		0	0
Preferred stock, shares authorized (in shares)		30,000,000	30,000,000
Stock repurchase program, remaining available for repurchase		$ 300,800,000
Subsequent Event [Member]
Shareholders Equity Details [Line Items]
Common stock, dividends, per share, cash paid	$ 0.13
Payments of ordinary dividends, common stock	$ 31,200,000
Cash distribution declared					$ 0.08	$ 0.08
O 2023 Q4 Dividends [Member]
Shareholders Equity Details [Line Items]
Cash distribution declared			$ 0.13
Cash distribution, date to be paid			Jan. 31, 2024
Special One-time Distribution [Member]
Shareholders Equity Details [Line Items]
Cash distribution declared			$ 0.05
Special One-time Distribution [Member]
Shareholders Equity Details [Line Items]
Cash distribution declared		$ 0.05
O 2024 Q1 Dividends [Member]
Shareholders Equity Details [Line Items]
Cash distribution, date to be paid			Jan. 31, 2024
O 2024 Q4 Dividends [Member]
Shareholders Equity Details [Line Items]
Cash distribution declared		$ 0.13
Cash distribution, date to be paid		Jan. 31, 2025
O 2025 Q1 Dividends [Member]
Shareholders Equity Details [Line Items]
Cash distribution, date to be paid		Jan. 31, 2025
ATM Program Executed August 12, 2020 [Member]
Shareholders Equity Details [Line Items]
Stock issuance program, authorized amount								$ 300,000,000
Stock issued during period, shares, new issues (in shares)		0	12,800,000
Shares issued weighted average market sales price per share (in dollars per share)			$ 17.05
Proceeds from issuance of common stock, gross			$ 218,600,000
Commissions and issuance costs			2,600,000
Proceeds from issuance of common stock, net			$ 216,000,000
ATM Program Executed February 23, 2024 [Member]
Shareholders Equity Details [Line Items]
Stock issuance program, authorized amount							$ 500,000,000
Stock issued during period, shares, new issues (in shares)		0
Stock issuance program, available for issuance		$ 500,000,000

Compensation Plans - Additional

Compensation Plans - Additional Information (Details)		3 Months Ended	12 Months Ended
	Apr. 01, 2020 USD ($) Officer shares	Mar. 31, 2023 shares	Dec. 31, 2024 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($)	May 23, 2024 shares
New Officer Share-based Payment Arrangement [Member]
Compensation Plans Details [Line Items]
Number of new officers | Officer	5
Share based compensation, net of common shares surrendered to satisfy employee tax withholding requirements (in Shares) | shares	200,000
Total share-based compensation earned, including the surrendered shares (in millions)	$ 1,800,000
Restricted common shares vesting date	Mar. 31, 2023
Restriction period	3 years
Share-based compensation expense				$ 100,000	$ 600,000
Common shares surrendered on issuance date to satisfy tax withholding obligations | shares		83,000
2014 Omnibus Incentive Plan [Member]
Compensation Plans Details [Line Items]
Number of shares subject to outstanding awards | shares			700,000			1,100,000
2024 Omnibus Incentive Plan [Member]
Compensation Plans Details [Line Items]
Share-based compensation arrangement by share-based payment award, number of shares authorized (in shares) | shares			7,250,000
Number of shares remained available for grant | shares			7,200,000
2022 Executive Management Incentive Plan [Member]
Compensation Plans Details [Line Items]
Accrued liability for potential executive bonus payments					18,100,000
2022 Executive Management Incentive Plan [Member] | Share Based Compensation [Member]
Compensation Plans Details [Line Items]
Accrued bonuses share based compensation current					12,500,000
2023 Executive Management Incentive Plan [Member]
Compensation Plans Details [Line Items]
Accrued liability for potential executive bonus payments				20,900,000
2023 Executive Management Incentive Plan [Member] | Share Based Compensation [Member]
Compensation Plans Details [Line Items]
Accrued bonuses share based compensation current				14,800,000
2024 Executive Management Incentive Plan [Member]
Compensation Plans Details [Line Items]
Incentive compensation, description			one-half (50%) of incentive compensation based on operational performance goals and metrics and one-half (50%) of incentive compensation based on shareholder return metrics. With respect to the shareholder return metrics, 75% of the target was based on shareholder return relative to a peer group and 25% was based on total shareholder return metrics over one-year, two-year, and three-year periods.
Operational performance metrics accounted for total target incentive compensation, percentage			50%
Percentage of relative shareholder return metrics on shareholder return metrics			75%
Percentage of total shareholder return metrics on shareholder return metrics			25%
Operational performance goals and metrics percentage of target based on metrics			75%
Modified funds from operations per share and 2024 capital expenditures, equally weighted, percentage			15%
Percentage of remaining operational performance target based on operational performance goals			25%
Shareholder return metrics accounted for total target incentive compensation, percentage			50%
Accrued liability for potential executive bonus payments			$ 15,000,000
Share-based compensation, subject to vesting			$ 1,800,000
Portion of awards paid in cash			25%
Portion of awards issued in equity			75%
2024 Executive Management Incentive Plan [Member] | Potential Aggregate Payout [Member] | Minimum [Member]
Compensation Plans Details [Line Items]
Labor and related expense			$ 0
2024 Executive Management Incentive Plan [Member] | Potential Aggregate Payout [Member] | Maximum [Member]
Compensation Plans Details [Line Items]
Labor and related expense			$ 27,800,000
2024 Executive Management Incentive Plan [Member] | Unrestricted Shares at Time of Issuance [Member] | Share Based Compensation [Member] | Equity Awards Issued in the First Quarter of 2025 [Member]
Compensation Plans Details [Line Items]
Share-based compensation arrangement, vesting description			two-thirds
2024 Executive Management Incentive Plan [Member] | Restricted Stock Vesting on December 12, 2025 [Member] | Share Based Compensation [Member] | Equity Awards Issued in the First Quarter of 2025 [Member]
Compensation Plans Details [Line Items]
Share-based compensation arrangement, vesting description			one-third
Non-Employee Director Deferral Program Effective June 1, 2018 [Member]
Compensation Plans Details [Line Items]
Deferred compensation arrangement with individual, compensation expense			$ 100,000	$ 200,000	$ 300,000
Share-based compensation arrangement by share-based payment award, shares deferred (in shares) | shares			1,000	76,000
Share-based compensation arrangement by share-based payment award, shares deferred weighted average grant date fair value (in dollars per share) | $ / shares			$ 15.48	$ 15.48
Deferred Compensation Equity			$ 1,300,000	$ 1,200,000

Compensation Plans - Informatio

Compensation Plans - Information Pertaining to Share-based Compensation Issued (Details) - Share Based Compensation [Member] - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
2021 Executive Management Incentive Plan [Member] | Equity Awards Issued in the First Quarter of 2022 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Period common shares issued				First Quarter 2022
Common shares earned under each incentive plan				868,079
Common shares surrendered on issuance date to satisfy tax withholding obligations				245,597
Common shares earned and issued under each incentive plan, net of common shares surrendered on issuance date to satisfy tax withholding obligations				622,482
Average of the high and low stock price on issuance date				$ 17.79
Total share-based compensation earned, including the surrendered shares (in millions)	[1]			$ 15.4
Of the total common shares earned and issued, total common shares unrestricted at time of issuance				338,032
Of the total common shares earned and issued, total common shares restricted at time of issuance				284,450
Restricted common shares vesting date				Dec. 09, 2022
Common shares surrendered on vesting date to satisfy tax withholding requirements resulting from vesting of restricted common shares				114,147
2022 Executive Management Incentive Plan [Member] | Equity Awards Issued in the First Quarter of 2023 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Period common shares issued			First Quarter 2023
Common shares earned under each incentive plan			935,189
Common shares surrendered on issuance date to satisfy tax withholding obligations			263,026
Common shares earned and issued under each incentive plan, net of common shares surrendered on issuance date to satisfy tax withholding obligations			672,163
Average of the high and low stock price on issuance date			$ 16.70
Total share-based compensation earned, including the surrendered shares (in millions)	[2]		$ 15.6
Of the total common shares earned and issued, total common shares unrestricted at time of issuance			360,176
Of the total common shares earned and issued, total common shares restricted at time of issuance			311,987
Restricted common shares vesting date			Dec. 08, 2023
Common shares surrendered on vesting date to satisfy tax withholding requirements resulting from vesting of restricted common shares			134,085
2023 Executive Management Incentive Plan [Member] | Equity Awards Issued in the First Quarter of 2024 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Period common shares issued		First Quarter 2024
Common shares earned under each incentive plan		1,110,664
Common shares surrendered on issuance date to satisfy tax withholding obligations		306,346
Common shares earned and issued under each incentive plan, net of common shares surrendered on issuance date to satisfy tax withholding obligations		804,318
Average of the high and low stock price on issuance date		$ 16.27
Total share-based compensation earned, including the surrendered shares (in millions)	[3]	$ 18.1
Of the total common shares earned and issued, total common shares unrestricted at time of issuance		399,842
Of the total common shares earned and issued, total common shares restricted at time of issuance		404,476
Restricted common shares vesting date		Dec. 13, 2024
Common shares surrendered on vesting date to satisfy tax withholding requirements resulting from vesting of restricted common shares		170,970
[1] Of the total 2022 share-based compensation, approximately $ 12.5 million was recognized as share-based compensation expense during the year ended December 31, 2022, and included in accounts payable and other liabilities in the Company's consolidated balance sheet at December 31, 2022 , and the remaining $ 2.6 million, which vested on December 8, 2023 and excludes any restricted shares forfeited or vested prior to that date, was recognized as share-based compensation expense during the year ended December 31, 2023 . Of the total 2023 share-based compensation, approximately $ 14.8 million was recognized as share-based compensation expense during the year ended December 31, 2023, and included in accounts payable and other liabilities in the Company's consolidated balance sheet at December 31, 2023 , and the remaining $ 3.3 million, which vested on December 13, 2024 and excludes any restricted shares forfeited or vested prior to that date, was recognized as share-based compensation expense during the year ended December 31, 2024 . Of the total 2021 share-based compensation, approximately $ 2.5 million, which vested on December 9, 2022 and excludes any restricted shares forfeited or vested prior to that date, was recognized as share-based compensation expense during the year ended December 31, 2022 .

Compensation Plans - Informat_2

Compensation Plans - Information Pertaining to Share-based Compensation Issued (Parenthetical) (Details) - Share Based Compensation [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
2021 Executive Management Incentive Plan [Member] | Equity Awards Issued in the First Quarter of 2022 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation expense			$ 2.5
2022 Executive Management Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation recorded as expense included in accounts payable and other liabilities			12.5
2022 Executive Management Incentive Plan [Member] | Equity Awards Issued in the First Quarter of 2023 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation recorded as expense included in accounts payable and other liabilities			$ 12.5
Share-based compensation expense		$ 2.6
2023 Executive Management Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation recorded as expense included in accounts payable and other liabilities		14.8
2023 Executive Management Incentive Plan [Member] | Equity Awards Issued in the First Quarter of 2024 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation recorded as expense included in accounts payable and other liabilities		$ 14.8
Share-based compensation expense	$ 3.3

Management and Franchise Agre_3

Management and Franchise Agreements - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) Hotel	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Management And Franchise Agreements Details [Line Items]
Number of hotels | Hotel	221
Percentage of hotels operate under variable management fee agreement	82%
Cost of goods and services sold | $	$ 837,871	$ 780,725	$ 710,481
Number of hotels operated by manager | Hotel	221
Marriott [Member]
Management And Franchise Agreements Details [Line Items]
Number of hotels operated by manager | Hotel	13
Management Service [Member]
Management And Franchise Agreements Details [Line Items]
Cost of goods and services sold | $	$ 46,716	44,253	41,830
Royalty [Member]
Management And Franchise Agreements Details [Line Items]
Cost of goods and services sold | $	$ 64,017	$ 59,315	$ 53,901
Minimum [Member]
Management And Franchise Agreements Details [Line Items]
Management agreement, initial term	1 year
Management agreement average initial term	1 year
Franchise agreement, initial term	10 years
Maximum [Member]
Management And Franchise Agreements Details [Line Items]
Management agreement, initial term	30 years
Management agreement average initial term	2 years
Franchise agreement, initial term	30 years
Variable Management Fee Structure [Member]
Management And Franchise Agreements Details [Line Items]
Management agreement, description	As of December 31, 2024, approximately 82% of the Company’s hotels operated under a variable management fee agreement, with an average initial term of approximately one to two years, which the Company believes better aligns incentives for each hotel manager to maximize each property’s performance than a base-plus-incentive management fee structure
Hotel management fee, percentage			3%
Variable Management Fee Structure [Member] | Minimum [Member]
Management And Franchise Agreements Details [Line Items]
Hotel management fee, percentage	2.50%
Variable Management Fee Structure [Member] | Maximum [Member]
Management And Franchise Agreements Details [Line Items]
Hotel management fee, percentage	3.50%

Management and Franchise Agre_4

Management and Franchise Agreements - Management and Franchise Agreements (Details)	12 Months Ended
	Dec. 31, 2024 Hotel
Management And Franchise Agreements Details Management And Franchise Agreements [Line Items]
Number of Hotels Operated by Manager	221
LBA [Member]
Management And Franchise Agreements Details Management And Franchise Agreements [Line Items]
Number of Hotels Operated by Manager	33
Dimension [Member]
Management And Franchise Agreements Details Management And Franchise Agreements [Line Items]
Number of Hotels Operated by Manager	31
Crestline [Member]
Management And Franchise Agreements Details Management And Franchise Agreements [Line Items]
Number of Hotels Operated by Manager	25
Raymond [Member]
Management And Franchise Agreements Details Management And Franchise Agreements [Line Items]
Number of Hotels Operated by Manager	21
HHM[Member]
Management And Franchise Agreements Details Management And Franchise Agreements [Line Items]
Number of Hotels Operated by Manager	19
Western [Member]
Management And Franchise Agreements Details Management And Franchise Agreements [Line Items]
Number of Hotels Operated by Manager	16
Marriott [Member]
Management And Franchise Agreements Details Management And Franchise Agreements [Line Items]
Number of Hotels Operated by Manager	13
McKibbon [Member]
Management And Franchise Agreements Details Management And Franchise Agreements [Line Items]
Number of Hotels Operated by Manager	13
North Central [Member]
Management And Franchise Agreements Details Management And Franchise Agreements [Line Items]
Number of Hotels Operated by Manager	11
Newport [Member]
Management And Franchise Agreements Details Management And Franchise Agreements [Line Items]
Number of Hotels Operated by Manager	10
Chartwell [Member]
Management And Franchise Agreements Details Management And Franchise Agreements [Line Items]
Number of Hotels Operated by Manager	9
InnVentures [Member]
Management And Franchise Agreements Details Management And Franchise Agreements [Line Items]
Number of Hotels Operated by Manager	9	[1]
Concord[Member]
Management And Franchise Agreements Details Management And Franchise Agreements [Line Items]
Number of Hotels Operated by Manager	4
Huntington [Member]
Management And Franchise Agreements Details Management And Franchise Agreements [Line Items]
Number of Hotels Operated by Manager	3
White Lodging [Member]
Management And Franchise Agreements Details Management And Franchise Agreements [Line Items]
Number of Hotels Operated by Manager	3
Highgate [Member]
Management And Franchise Agreements Details Management And Franchise Agreements [Line Items]
Number of Hotels Operated by Manager	1
[1] InnVentures is a subsidiary of Highgate.

Lease Commitments - Additional

Lease Commitments - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) Lease Property	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Lease Commitments Details [Line Items]
Shareholders equity | $	$ 3,265,859	$ 3,323,981	$ 3,178,395	$ 3,147,321
Properties Ground Lease [Member]
Lease Commitments Details [Line Items]
Number of properties subject to ground leases | Property	14
Ground Lease [Member]
Lease Commitments Details [Line Items]
Number of leases classified as finance leases | Lease	5
Parking Lot Ground Lease [Member]
Lease Commitments Details [Line Items]
Number of properties subject to ground leases | Property	3
Properties and Parking Lot Ground Leases [Member] | Minimum [Member]
Lease Commitments Details [Line Items]
Lessee, lease term of contract	14 years
Lessee, lease renewal term	5 years
Properties and Parking Lot Ground Leases [Member] | Maximum [Member]
Lease Commitments Details [Line Items]
Lessee, lease term of contract	94 years
Lessee, lease renewal term	120 years
Hotel and Parking Lot Ground Leases [Member]
Lease Commitments Details [Line Items]
Number of leases classified as operating leases | Lease	12

Lease Commitments - Schedule of

Lease Commitments - Schedule of Lease-related Assets and Liabilities (Details) - USD ($) $ in Thousands		Dec. 31, 2024	Dec. 31, 2023
Assets
Operating lease assets, net		$ 24,331	$ 25,389
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]		Other assets, net	Other assets, net
Finance lease net right-of-use asset	[1]	$ 83,954	$ 86,992
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]		Investment in real estate, net of accumulated depreciation and amortization of $1,821,344 and $1,662,942, respectively	Investment in real estate, net of accumulated depreciation and amortization of $1,821,344 and $1,662,942, respectively
Total lease assets		$ 108,285	$ 112,381
Liabilities
Operating lease liabilities		$ 10,962	$ 11,447
Operating Lease, Liability, Statement of Financial Position [Extensible List]		Accounts payable and other liabilities	Accounts payable and other liabilities
Finance lease liabilities		$ 111,585	$ 111,892
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]		Finance lease liabilities	Finance lease liabilities
Total lease liabilities		$ 122,547	$ 123,339
Weighted-average remaining lease term
Operating leases		36 years
Finance leases		29 years
Weighted-average discount rate
Operating leases		5.51%
Finance leases		5.31%
[1] Finance ground lease assets are net of accumulated amortization of approximately $ 18.1 million and $ 15.1 million as of December 31, 2024 and 2023, respectively

Lease Commitments - Schedule _2

Lease Commitments - Schedule of Lease-related Assets and Liabilities (Parenthetical) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Lease Commitments Details [Line Items]
Real estate investment property, accumulated depreciation	$ 1,821,344	$ 1,662,942	$ 1,492,097
Hotel Ground Lease [Member]
Lease Commitments Details [Line Items]
Real estate investment property, accumulated depreciation	$ 18,100	$ 15,100

Lease Commitments - Schedule _3

Lease Commitments - Schedule of Lease Costs Related to Operating and Finance Ground Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023		Dec. 31, 2022
Schedule Of Lease Cost [Abstract]
Operating lease costs	$ 1,886	$ 1,776	[1]	$ 1,794	[1]
Finance lease costs:
Amortization of lease assets	3,038	3,038		3,038
Interest on lease liabilities	5,867	5,877		5,872
Total lease costs	$ 10,791	$ 10,691		$ 10,704
[1] Represents costs related to ground leases, including variable lease costs. Excludes costs related to hotel equipment leases, which are included in hotel operating expense and property taxes, insurance and other expense, and costs related to office space leases, which are included in general and administrative expense in the Company’s consolidated statement of operations. These costs are not significant for disclosure.

Lease Commitments - Schedule _4

Lease Commitments - Schedule of Undiscounted Cash Flows for Each of Next Five Years and Total of Remaining Years to Operating Lease Liabilities and Finance Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Lease Commitments Details Maturity Of Lessee Lease Liabilities [Line Items]
Present value of lease liabilities	$ 10,962	$ 11,447
Present value of lease liabilities	111,585	$ 111,892
Operating Leases [Member]
Lease Commitments Details Maturity Of Lessee Lease Liabilities [Line Items]
2025	1,098
2026	893
2027	728
2028	715
2029	741
Thereafter	28,893
Total minimum lease payments	33,068
Less: amount of lease payments representing interest	22,106
Present value of lease liabilities	10,962
Finance Leases [Member]
Lease Commitments Details Maturity Of Lessee Lease Liabilities [Line Items]
2025	6,338
2026	6,500
2027	6,700
2028	6,879
2029	7,056
Thereafter	209,619
Total minimum lease payments	243,092
Less: amount of lease payments representing interest	131,507
Present value of lease liabilities	$ 111,585

Lease Commitments - Supplementa

Lease Commitments - Supplemental Cash Flow Information related to Operating and Finance Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Lease Supplemental Cash Flow Information [Abstract]
Operating cash flows for operating leases	$ 1,100	$ 1,106	$ 1,166
Operating cash flows for finance leases	5,659	5,651	5,469
Financing cash flows for finance leases	$ 515	$ 340	$ 173

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Current:
Federal			$ (34)
State	$ 947	$ 1,135	1,974
Deffered
Income tax expense	$ 947	$ 1,135	$ 1,940

Income Taxes - Schedule of Reco

Income Taxes - Schedule of Reconciliation Between the Provision for Income Taxes and Amounts Computed (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]
Statutory federal tax expense	$ 44,954	$ 37,273	$ 30,409
Federal tax impact of REIT election	(50,456)	(39,865)	(27,261)
Statutory federal tax expense (benefit) at TRS	(5,502)	(2,592)	3,148
State income tax expense (benefit), net of federal tax benefit	748	897	1,559
Change in valuation allowance	5,701	2,830	(2,767)
Income tax expense	$ 947	$ 1,135	$ 1,940

Income Taxes (Additional Inform

Income Taxes (Additional Information) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Operating Loss Carryforwards [Line Items]
Deferred tax assets	$ 31
Valuation allowance percent	100%	100%
Cash distribution declared	$ 0.08	$ 0.08
Domestic Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 0	$ 0
TRS | Domestic Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 110	$ 87
O 2022 Q4 Dividends [Member]
Operating Loss Carryforwards [Line Items]
Cash distribution declared			$ 0.16
Cash distribution, date declared			2022-12
Cash distribution, date to be paid			Jan. 31, 2023
O 2023 Q4 Dividends [Member]
Operating Loss Carryforwards [Line Items]
Cash distribution declared		$ 0.13
Cash distribution, date declared		2023-12
Cash distribution, date to be paid		Jan. 31, 2024
O 2024 Q4 Dividends [Member]
Operating Loss Carryforwards [Line Items]
Cash distribution declared	$ 0.13
Cash distribution, date declared	2024-12
Cash distribution, date to be paid	Jan. 31, 2025

Income Taxes - Schedule of Char

Income Taxes - Schedule of Characterization of Distributions (Details) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Amount of distributions per share	$ 1.01	$ 1.01	$ 0.76
Ordinary income	100%	97%	100%
Capital gain distributions	0%	0%	0%
Return of capital	0%	3%	0%

Reportable Segments - Additiona

Reportable Segments - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) Segment	Dec. 31, 2023 USD ($)
Segment Reporting [Abstract]
Number of reportable segments | Segment	1
Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration]	srt:ChiefExecutiveOfficerMember
Segment Reporting, CODM, Profit (Loss) Measure, How Used, Description	The CODM, who is the Chief Executive Officer of the Company, assesses the performance of each operating segment on a monthly basis using adjusted hotel earnings (loss) before interest expense, income taxes and depreciation and amortization (“Adjusted Hotel EBITDA”), the measure by which the CODM makes day-to-day operating decisions, compares actual results with budgeted and prior year results, invests in capital improvements, and performs competitive analysis over the Company’s operating performance against industry peers.
Investement in capital expenditures | $	$ 78.3	$ 76.8

Reportable Segments - Schedule

Reportable Segments - Schedule of Reconciliation of Adjusted Hotel EBITDA To GAAP Net Income (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting [Line Items]
Total revenue		$ 1,431,468	$ 1,343,800	$ 1,238,417
Significant hotel operating expenses
Total significant hotel operating expenses		837,871	780,725	710,481
Other expenses
Property taxes, insurance and other		84,382	79,307	72,907
General and administrative		(42,542)	(47,401)	(42,464)
Impairment of depreciable real estate		(3,055)	(5,644)	(26,175)
Depreciation and amortization		(190,603)	(183,242)	(181,697)
Gain on sale of real estate		19,744		1,785
Interest expense, net		77,748	68,857	59,733
Income tax expense		(947)	(1,135)	(1,940)
Net income		214,064	177,489	144,805
Operating [Member]
Significant hotel operating expenses
Total significant hotel operating expenses		357,352	332,714	300,852
Hotel Administrative [Member]
Significant hotel operating expenses
Total significant hotel operating expenses		123,086	114,071	105,396
Sales and Marketing [Member]
Significant hotel operating expenses
Total significant hotel operating expenses		126,938	117,538	104,756
Utilities [Member]
Significant hotel operating expenses
Total significant hotel operating expenses		50,065	47,422	45,017
Repair and Maintenance [Member]
Significant hotel operating expenses
Total significant hotel operating expenses		69,697	65,412	58,729
Franchise Fees [Member]
Significant hotel operating expenses
Total significant hotel operating expenses		64,017	59,315	53,901
Management Fees [Member]
Significant hotel operating expenses
Total significant hotel operating expenses		46,716	44,253	41,830
Reportable Segment [Member]
Segment Reporting [Line Items]
Total revenue		1,431,468	1,343,800	1,238,417
Significant hotel operating expenses
Total significant hotel operating expenses		837,871	780,725	710,481
Other expenses
Property taxes, insurance and other		84,382	79,307	72,907
Other	[1]	(329)	1,876	(550)
Other expenses		84,053	81,183	72,357
Adjusted Hotel EBITDA		509,544	481,892	455,579
General and administrative		(42,542)	(47,401)	(42,464)
Impairment of depreciable real estate		(3,055)	(5,644)	(26,175)
Depreciation and amortization		(190,603)	(183,242)	(181,697)
Gain on sale of real estate		19,744		1,785
Other	[1]	(329)	1,876	(550)
Interest expense, net		(77,748)	(68,857)	(59,733)
Income tax expense		(947)	(1,135)	(1,940)
Net income		214,064	177,489	144,805
Reportable Segment [Member] | Operating [Member]
Significant hotel operating expenses
Total significant hotel operating expenses		357,352	332,714	300,852
Reportable Segment [Member] | Hotel Administrative [Member]
Significant hotel operating expenses
Total significant hotel operating expenses		123,086	114,071	105,396
Reportable Segment [Member] | Sales and Marketing [Member]
Significant hotel operating expenses
Total significant hotel operating expenses		126,938	117,538	104,756
Reportable Segment [Member] | Utilities [Member]
Significant hotel operating expenses
Total significant hotel operating expenses		50,065	47,422	45,017
Reportable Segment [Member] | Repair and Maintenance [Member]
Significant hotel operating expenses
Total significant hotel operating expenses		69,697	65,412	58,729
Reportable Segment [Member] | Franchise Fees [Member]
Significant hotel operating expenses
Total significant hotel operating expenses		64,017	59,315	53,901
Reportable Segment [Member] | Management Fees [Member]
Significant hotel operating expenses
Total significant hotel operating expenses		$ 46,716	$ 44,253	$ 41,830
[1] Includes operating results from the non-hotel property for the years ended December 31, 2024 and 2023 and the expenses relating to amortization of favorable and unfavorable operating leases and non-cash straight-line operating ground lease expense to ensure their exclusion from Adjusted Hotel EBITDA as these items do not reflect the underlying operating performance of the Company's hotels .

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Millions	Dec. 31, 2024 USD ($) Room Hotel
Commitments and Contingencies [Line Items]
Number of rooms | Room	260
Hotels Under Purchase Contract [Member]
Commitments and Contingencies [Line Items]
Purchase contract gross purchase price	$ 98.2
Contract deposit paid	$ 1.1
Motto Nashville TN [Member] | Hotels Under Purchase Contract [Member]
Commitments and Contingencies [Line Items]
Number of outstanding contracts | Hotel	1

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited) - Quarterly Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract]
Total revenue	$ 1,431,468	$ 1,343,800	$ 1,238,417
Net Income (Loss)	214,064	177,489	144,805
Comprehensive income (loss)	$ 209,247	$ 161,012	$ 197,194
Basic net income per common share	$ 0.89	$ 0.77	$ 0.63
Diluted net income per common share	$ 0.89	$ 0.77	$ 0.63

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) $ / shares in Units, $ in Thousands					12 Months Ended
	Feb. 18, 2025 $ / shares	Feb. 12, 2025 USD ($) GuestRoom	Jan. 17, 2025 $ / shares	Jan. 15, 2025 USD ($) $ / shares	Dec. 31, 2024 USD ($) Hotel GuestRoom $ / shares	Dec. 31, 2023 USD ($) $ / shares	Dec. 31, 2022 USD ($) Hotel $ / shares	Feb. 29, 2024 Hotel
Subsequent Event [Line Items]
Payments of ordinary dividends, common stock | $					$ 243,722	$ 238,283	$ 139,467
Common stock, dividends, per share, cash paid | $ / shares					$ 1.01	$ 1.04	$ 0.61
Cash distribution declared | $ / shares					$ 0.08	$ 0.08
Number of hotels | Hotel					221
Guest Rooms | GuestRoom					29,764
Hotels Sold [Member]
Subsequent Event [Line Items]
Number of hotels | Hotel					6		1	2
Deferral taxable gain | $					$ 15,100
Subsequent Event [Member]
Subsequent Event [Line Items]
Payments of ordinary dividends, common stock | $				$ 31,200
Common stock, dividends, per share, cash paid | $ / shares				$ 0.13
Cash distribution declared | $ / shares	$ 0.08		$ 0.08
Subsequent Event [Member] | Hotels Sold [Member]
Subsequent Event [Line Items]
Guest Rooms | GuestRoom		76
Sale of real estate assets, gross sales price | $		$ 8,300
Subsequent Event [Member] | O 2024 Q4 Dividends [Member]
Subsequent Event [Line Items]
Cash distribution, date of record				Dec. 31, 2024
Subsequent Event [Member] | O 2025 Q1 Dividends [Member]
Subsequent Event [Line Items]
Cash distribution, date declared			Jan. 17, 2025
Cash distribution, date to be paid			Feb. 18, 2025
Cash distribution, date of record			Jan. 31, 2025
Subsequent Event [Member] | O 2025 Q1 Dividends [Member]
Subsequent Event [Line Items]
Cash distribution, date declared	Feb. 18, 2025
Cash distribution, date to be paid	Mar. 17, 2025
Cash distribution, date of record	Feb. 28, 2025

SCHEDULE III Real Estate and _2

SCHEDULE III Real Estate and Accumulated Depreciation and Amortization - Schedule of Real Estate and Accumulated Depreciation (Details) $ in Thousands		12 Months Ended
		Dec. 31, 2024 USD ($) Room GuestRoom	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Real Estate Properties [Line Items]
Total Gross Cost		$ 6,540,008	$ 6,338,232	$ 6,000,975	$ 5,886,363
Accumulated Depreciation		$ (1,803,214)	$ (1,647,850)	$ (1,480,043)	$ (1,302,246)
Guest Rooms | GuestRoom		29,764
Total [Member]
Real Estate Properties [Line Items]
Encumbrances		$ 254,300
Initial Cost, Land	[1]	839,187
Initial Cost, Building, FF&E, and Other		5,112,110
Subsequently Capitalized Building Improvements & FF&E		588,711
Total Gross Cost		6,540,008
Accumulated Depreciation		$ (1,803,214)
Guest Rooms | Room		29,558
Embassy Suites Anchorage, AK [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,955
Initial Cost, Building, FF&E, and Other		39,053
Subsequently Capitalized Building Improvements & FF&E		4,672
Total Gross Cost	[2]	46,680
Accumulated Depreciation		$ (20,400)
Date of Construction		2008
Date Acquired		Apr-10
Guest Rooms | Room		169
Embassy Suites Anchorage, AK [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Embassy Suites Anchorage, AK [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Home2 Suites Anchorage, AK [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,683
Initial Cost, Building, FF&E, and Other		21,606
Subsequently Capitalized Building Improvements & FF&E		314
Total Gross Cost	[2]	24,603
Accumulated Depreciation		$ (5,581)
Date of Construction		2015
Date Acquired		Dec-17
Guest Rooms | Room		135
Home2 Suites Anchorage, AK [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Home2 Suites Anchorage, AK [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Auburn, AL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,580
Initial Cost, Building, FF&E, and Other		9,659
Subsequently Capitalized Building Improvements & FF&E		2,946
Total Gross Cost	[2]	14,185
Accumulated Depreciation		$ (4,301)
Date of Construction		2001
Date Acquired		Mar-14
Guest Rooms | Room		101
Hilton Garden Inn Auburn, AL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Auburn, AL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Birmingham, AL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,310
Initial Cost, Building, FF&E, and Other		6,425
Subsequently Capitalized Building Improvements & FF&E		1,813
Total Gross Cost	[2]	10,548
Accumulated Depreciation		$ (3,372)
Date of Construction		2007
Date Acquired		Mar-14
Guest Rooms | Room		84
Courtyard Birmingham, AL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Birmingham, AL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Birmingham, AL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 3,425
Initial Cost, Building, FF&E, and Other		15,555
Subsequently Capitalized Building Improvements & FF&E		89
Total Gross Cost	[2]	19,069
Accumulated Depreciation		$ (4,393)
Date of Construction		2017
Date Acquired		Sep-17
Guest Rooms | Room		104
Hilton Garden Inn Birmingham, AL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Birmingham, AL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Home2 Suites Birmingham, AL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 3,491
Initial Cost, Building, FF&E, and Other		15,603
Subsequently Capitalized Building Improvements & FF&E		84
Total Gross Cost	[2]	19,178
Accumulated Depreciation		$ (4,226)
Date of Construction		2017
Date Acquired		Sep-17
Guest Rooms | Room		106
Home2 Suites Birmingham, AL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Home2 Suites Birmingham, AL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Birmingham, AL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,010
Initial Cost, Building, FF&E, and Other		12,981
Subsequently Capitalized Building Improvements & FF&E		4,650
Total Gross Cost	[2]	18,641
Accumulated Depreciation		$ (5,891)
Date of Construction		2005
Date Acquired		Mar-14
Guest Rooms | Room		95
Homewood Suites Birmingham, AL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Birmingham, AL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Dothan, AL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,037
Initial Cost, Building, FF&E, and Other		10,581
Subsequently Capitalized Building Improvements & FF&E		1,918
Total Gross Cost	[2]	13,536
Accumulated Depreciation		$ (6,348)
Date of Construction		2009
Date Acquired		Jun-09
Guest Rooms | Room		104
Hilton Garden Inn Dothan, AL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Dothan, AL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Dothan, AL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 970
Initial Cost, Building, FF&E, and Other		13,185
Subsequently Capitalized Building Improvements & FF&E		1,625
Total Gross Cost	[2]	15,780
Accumulated Depreciation		$ (5,088)
Date of Construction		2008
Date Acquired		Mar-14
Guest Rooms | Room		84
Residence Inn Dothan, AL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Dothan, AL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Huntsville, AL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 550
Initial Cost, Building, FF&E, and Other		11,962
Subsequently Capitalized Building Improvements & FF&E		1,459
Total Gross Cost	[2]	13,971
Accumulated Depreciation		$ (3,562)
Date of Construction		2013
Date Acquired		Sep-16
Guest Rooms | Room		98
Hampton Huntsville, AL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Huntsville, AL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Huntsville, AL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 890
Initial Cost, Building, FF&E, and Other		11,227
Subsequently Capitalized Building Improvements & FF&E		2,729
Total Gross Cost	[2]	14,846
Accumulated Depreciation		$ (4,594)
Date of Construction		2005
Date Acquired		Mar-14
Guest Rooms | Room		101
Hilton Garden Inn Huntsville, AL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Huntsville, AL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Home2 Suites Huntsville, AL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 490
Initial Cost, Building, FF&E, and Other		10,840
Subsequently Capitalized Building Improvements & FF&E		1,316
Total Gross Cost	[2]	12,646
Accumulated Depreciation		$ (3,234)
Date of Construction		2013
Date Acquired		Sep-16
Guest Rooms | Room		77
Home2 Suites Huntsville, AL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Home2 Suites Huntsville, AL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Huntsville, AL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 210
Initial Cost, Building, FF&E, and Other		15,654
Subsequently Capitalized Building Improvements & FF&E		2,756
Total Gross Cost	[2]	18,620
Accumulated Depreciation		$ (6,695)
Date of Construction		2006
Date Acquired		Mar-14
Guest Rooms | Room		107
Homewood Suites Huntsville, AL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Huntsville, AL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Mobile, AL [Member]
Real Estate Properties [Line Items]
Initial Cost, Building, FF&E, and Other		$ 11,452
Subsequently Capitalized Building Improvements & FF&E		2,033
Total Gross Cost	[2]	13,485
Accumulated Depreciation		$ (3,803)
Date of Construction		2006
Date Acquired		Sep-16
Guest Rooms | Room		101
Hampton Mobile, AL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Mobile, AL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Prattville, AL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,050
Initial Cost, Building, FF&E, and Other		9,101
Subsequently Capitalized Building Improvements & FF&E		1,838
Total Gross Cost	[2]	12,989
Accumulated Depreciation		$ (3,959)
Date of Construction		2007
Date Acquired		Mar-14
Guest Rooms | Room		84
Courtyard Prattville, AL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Prattville, AL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Chandler, AZ [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,061
Initial Cost, Building, FF&E, and Other		16,008
Subsequently Capitalized Building Improvements & FF&E		2,049
Total Gross Cost	[2]	19,118
Accumulated Depreciation		$ (8,238)
Date of Construction		2009
Date Acquired		Nov-10
Guest Rooms | Room		150
Courtyard Chandler, AZ [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Chandler, AZ [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Fairfield Chandler, AZ [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 778
Initial Cost, Building, FF&E, and Other		11,272
Subsequently Capitalized Building Improvements & FF&E		1,213
Total Gross Cost	[2]	13,263
Accumulated Depreciation		$ (5,625)
Date of Construction		2009
Date Acquired		Nov-10
Guest Rooms | Room		110
Fairfield Chandler, AZ [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Fairfield Chandler, AZ [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Phoenix, AZ [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,413
Initial Cost, Building, FF&E, and Other		14,669
Subsequently Capitalized Building Improvements & FF&E		3,157
Total Gross Cost	[2]	19,239
Accumulated Depreciation		$ (8,518)
Date of Construction		2007
Date Acquired		Nov-10
Guest Rooms | Room		164
Courtyard Phoenix, AZ [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Phoenix, AZ [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Phoenix, AZ [Member]
Real Estate Properties [Line Items]
Initial Cost, Building, FF&E, and Other		$ 15,209
Subsequently Capitalized Building Improvements & FF&E		2,357
Total Gross Cost	[2]	17,566
Accumulated Depreciation		$ (5,024)
Date of Construction		2008
Date Acquired		Sep-16
Guest Rooms | Room		125
Hampton Phoenix, AZ [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Phoenix, AZ [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Phoenix, AZ [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 3,406
Initial Cost, Building, FF&E, and Other		41,174
Subsequently Capitalized Building Improvements & FF&E		156
Total Gross Cost	[2]	44,736
Accumulated Depreciation		$ (9,736)
Date of Construction		2018
Date Acquired		May-18
Guest Rooms | Room		210
Hampton Phoenix, AZ [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Phoenix, AZ [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Phoenix, AZ [Member]
Real Estate Properties [Line Items]
Initial Cost, Building, FF&E, and Other		$ 18,907
Subsequently Capitalized Building Improvements & FF&E		2,536
Total Gross Cost	[2]	21,443
Accumulated Depreciation		$ (6,231)
Date of Construction		2008
Date Acquired		Sep-16
Guest Rooms | Room		134
Homewood Suites Phoenix, AZ [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Phoenix, AZ [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Phoenix, AZ [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,111
Initial Cost, Building, FF&E, and Other		12,953
Subsequently Capitalized Building Improvements & FF&E		3,748
Total Gross Cost	[2]	17,812
Accumulated Depreciation		$ (7,309)
Date of Construction		2008
Date Acquired		Nov-10
Guest Rooms | Room		129
Residence Inn Phoenix, AZ [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Phoenix, AZ [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Scottsdale, AZ [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 6,000
Initial Cost, Building, FF&E, and Other		26,811
Subsequently Capitalized Building Improvements & FF&E		3,059
Total Gross Cost	[2]	35,870
Accumulated Depreciation		$ (7,545)
Date of Construction		2005
Date Acquired		Sep-16
Guest Rooms | Room		122
Hilton Garden Inn Scottsdale, AZ [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Scottsdale, AZ [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hyatt House Tempe, AZ [Member]
Real Estate Properties [Line Items]
Initial Cost, Building, FF&E, and Other		$ 24,001
Subsequently Capitalized Building Improvements & FF&E		7
Total Gross Cost	[2]	24,008
Accumulated Depreciation		$ (3,972)
Date of Construction		2020
Date Acquired		Aug-20
Guest Rooms | Room		105
Hyatt House Tempe, AZ [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hyatt House Tempe, AZ [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hyatt Place Tempe, AZ [Member]
Real Estate Properties [Line Items]
Initial Cost, Building, FF&E, and Other		$ 34,893
Subsequently Capitalized Building Improvements & FF&E		47
Total Gross Cost	[2]	34,940
Accumulated Depreciation		$ (5,647)
Date of Construction		2020
Date Acquired		Aug-20
Guest Rooms | Room		154
Hyatt Place Tempe, AZ [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hyatt Place Tempe, AZ [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Tucson, AZ [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,005
Initial Cost, Building, FF&E, and Other		17,925
Subsequently Capitalized Building Improvements & FF&E		2,494
Total Gross Cost	[2]	21,424
Accumulated Depreciation		$ (10,444)
Date of Construction		2008
Date Acquired		Jul-08
Guest Rooms | Room		125
Hilton Garden Inn Tucson, AZ [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Tucson, AZ [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Tucson, AZ [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,080
Initial Cost, Building, FF&E, and Other		12,424
Subsequently Capitalized Building Improvements & FF&E		2,547
Total Gross Cost	[2]	17,051
Accumulated Depreciation		$ (5,680)
Date of Construction		2008
Date Acquired		Mar-14
Guest Rooms | Room		124
Residence Inn Tucson, AZ [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Tucson, AZ [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Towne Place Suites Tucson, AZ [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 992
Initial Cost, Building, FF&E, and Other		14,543
Subsequently Capitalized Building Improvements & FF&E		1,508
Total Gross Cost	[2]	17,043
Accumulated Depreciation		$ (6,309)
Date of Construction		2011
Date Acquired		Oct-11
Guest Rooms | Room		124
Towne Place Suites Tucson, AZ [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Towne Place Suites Tucson, AZ [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Agoura Hills, CA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 3,430
Initial Cost, Building, FF&E, and Other		21,290
Subsequently Capitalized Building Improvements & FF&E		2,911
Total Gross Cost	[2]	27,631
Accumulated Depreciation		$ (8,822)
Date of Construction		2007
Date Acquired		Mar-14
Guest Rooms | Room		125
Homewood Suites Agoura Hills, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Agoura Hills, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Burbank, CA [Member]
Real Estate Properties [Line Items]
Encumbrances		$ 19,698
Initial Cost, Land	[1]	12,916
Initial Cost, Building, FF&E, and Other		41,218
Subsequently Capitalized Building Improvements & FF&E		5,910
Total Gross Cost	[2]	60,044
Accumulated Depreciation		$ (13,731)
Date of Construction		2002
Date Acquired		Aug-15
Guest Rooms | Room		190
Courtyard Burbank, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Burbank, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Burbank, CA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 32,270
Initial Cost, Building, FF&E, and Other		41,559
Subsequently Capitalized Building Improvements & FF&E		6,577
Total Gross Cost	[2]	80,406
Accumulated Depreciation		$ (15,755)
Date of Construction		2007
Date Acquired		Mar-14
Guest Rooms | Room		166
Residence Inn Burbank, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Burbank, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
SpringHill Suites Burbank, CA [Member]
Real Estate Properties [Line Items]
Encumbrances		$ 23,385
Initial Cost, Land	[1]	10,734
Initial Cost, Building, FF&E, and Other		49,181
Subsequently Capitalized Building Improvements & FF&E		588
Total Gross Cost	[2]	60,503
Accumulated Depreciation		$ (13,936)
Date of Construction		2015
Date Acquired		Jul-15
Guest Rooms | Room		170
SpringHill Suites Burbank, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
SpringHill Suites Burbank, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Clovis, CA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,287
Initial Cost, Building, FF&E, and Other		9,888
Subsequently Capitalized Building Improvements & FF&E		1,399
Total Gross Cost	[2]	12,574
Accumulated Depreciation		$ (5,587)
Date of Construction		2009
Date Acquired		Jul-09
Guest Rooms | Room		86
Hampton Clovis, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Clovis, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Clovis, CA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,500
Initial Cost, Building, FF&E, and Other		10,970
Subsequently Capitalized Building Improvements & FF&E		1,941
Total Gross Cost	[2]	14,411
Accumulated Depreciation		$ (6,299)
Date of Construction		2010
Date Acquired		Feb-10
Guest Rooms | Room		83
Homewood Suites Clovis, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Clovis, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Cypress, CA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 4,410
Initial Cost, Building, FF&E, and Other		35,033
Subsequently Capitalized Building Improvements & FF&E		6,529
Total Gross Cost	[2]	45,972
Accumulated Depreciation		$ (13,938)
Date of Construction		1988
Date Acquired		Mar-14
Guest Rooms | Room		180
Courtyard Cypress, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Cypress, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Cypress, CA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 3,209
Initial Cost, Building, FF&E, and Other		16,749
Subsequently Capitalized Building Improvements & FF&E		2,515
Total Gross Cost	[2]	22,473
Accumulated Depreciation		$ (6,651)
Date of Construction		2006
Date Acquired		Jun-15
Guest Rooms | Room		110
Hampton Cypress, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Cypress, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Oceanside, CA [Member]
Real Estate Properties [Line Items]
Encumbrances		$ 11,381
Initial Cost, Land	[1]	3,080
Initial Cost, Building, FF&E, and Other		25,769
Subsequently Capitalized Building Improvements & FF&E		2,688
Total Gross Cost	[2]	31,537
Accumulated Depreciation		$ (7,863)
Date of Construction		2011
Date Acquired		Sep-16
Guest Rooms | Room		142
Courtyard Oceanside, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Oceanside, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Oceanside, CA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 7,790
Initial Cost, Building, FF&E, and Other		24,048
Subsequently Capitalized Building Improvements & FF&E		2,672
Total Gross Cost	[2]	34,510
Accumulated Depreciation		$ (9,292)
Date of Construction		2007
Date Acquired		Mar-14
Guest Rooms | Room		125
Residence Inn Oceanside, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Oceanside, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Rancho Bernardo / San Diego, CA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 16,380
Initial Cost, Building, FF&E, and Other		28,952
Subsequently Capitalized Building Improvements & FF&E		3,711
Total Gross Cost	[2]	49,043
Accumulated Depreciation		$ (11,497)
Date of Construction		1987
Date Acquired		Mar-14
Guest Rooms | Room		210
Courtyard Rancho Bernardo / San Diego, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Rancho Bernardo / San Diego, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Sacramento, CA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 5,920
Initial Cost, Building, FF&E, and Other		21,515
Subsequently Capitalized Building Improvements & FF&E		4,116
Total Gross Cost	[2]	31,551
Accumulated Depreciation		$ (10,183)
Date of Construction		1999
Date Acquired		Mar-14
Guest Rooms | Room		153
Hilton Garden Inn Sacramento, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Sacramento, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn San Bernardino, CA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,490
Initial Cost, Building, FF&E, and Other		13,662
Subsequently Capitalized Building Improvements & FF&E		3,993
Total Gross Cost	[2]	19,145
Accumulated Depreciation		$ (7,369)
Date of Construction		2006
Date Acquired		Feb-11
Guest Rooms | Room		95
Residence Inn San Bernardino, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn San Bernardino, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard San Diego, CA [Member]
Real Estate Properties [Line Items]
Encumbrances		$ 19,628
Initial Cost, Land	[1]	11,268
Initial Cost, Building, FF&E, and Other		44,851
Subsequently Capitalized Building Improvements & FF&E		5,267
Total Gross Cost	[2]	61,386
Accumulated Depreciation		$ (14,611)
Date of Construction		2002
Date Acquired		Sep-15
Guest Rooms | Room		245
Courtyard San Diego, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard San Diego, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton San Diego, CA [Member]
Real Estate Properties [Line Items]
Encumbrances		$ 14,611
Initial Cost, Land	[1]	13,570
Initial Cost, Building, FF&E, and Other		36,644
Subsequently Capitalized Building Improvements & FF&E		4,675
Total Gross Cost	[2]	54,889
Accumulated Depreciation		$ (13,855)
Date of Construction		2001
Date Acquired		Mar-14
Guest Rooms | Room		177
Hampton San Diego, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton San Diego, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn San Diego, CA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 8,020
Initial Cost, Building, FF&E, and Other		29,151
Subsequently Capitalized Building Improvements & FF&E		5,687
Total Gross Cost	[2]	42,858
Accumulated Depreciation		$ (12,220)
Date of Construction		2004
Date Acquired		Mar-14
Guest Rooms | Room		200
Hilton Garden Inn San Diego, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn San Diego, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn San Diego, CA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 22,400
Initial Cost, Building, FF&E, and Other		20,640
Subsequently Capitalized Building Improvements & FF&E		3,291
Total Gross Cost	[2]	46,331
Accumulated Depreciation		$ (8,630)
Date of Construction		1999
Date Acquired		Mar-14
Guest Rooms | Room		122
Residence Inn San Diego, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn San Diego, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites San Jose, CA [Member]
Real Estate Properties [Line Items]
Encumbrances		$ 22,643
Initial Cost, Land	[1]	12,860
Initial Cost, Building, FF&E, and Other		28,084
Subsequently Capitalized Building Improvements & FF&E		6,810
Total Gross Cost	[2]	47,754
Accumulated Depreciation		$ (14,096)
Date of Construction		1991
Date Acquired		Mar-14
Guest Rooms | Room		140
Homewood Suites San Jose, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites San Jose, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn San Juan Capistrano, CA [Member]
Real Estate Properties [Line Items]
Initial Cost, Building, FF&E, and Other		$ 32,292
Subsequently Capitalized Building Improvements & FF&E		2,153
Total Gross Cost	[2]	34,445
Accumulated Depreciation		$ (9,182)
Date of Construction		2012
Date Acquired		Sep-16
Guest Rooms | Room		130
Residence Inn San Juan Capistrano, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn San Juan Capistrano, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Santa Ana, CA [Member]
Real Estate Properties [Line Items]
Encumbrances		$ 12,756
Initial Cost, Land	[1]	3,082
Initial Cost, Building, FF&E, and Other		21,051
Subsequently Capitalized Building Improvements & FF&E		2,558
Total Gross Cost	[2]	26,691
Accumulated Depreciation		$ (10,138)
Date of Construction		2011
Date Acquired		May-11
Guest Rooms | Room		155
Courtyard Santa Ana, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Santa Ana, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Santa Clarita, CA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 4,568
Initial Cost, Building, FF&E, and Other		18,721
Subsequently Capitalized Building Improvements & FF&E		4,427
Total Gross Cost	[2]	27,716
Accumulated Depreciation		$ (11,554)
Date of Construction		2007
Date Acquired		Sep-08
Guest Rooms | Room		140
Courtyard Santa Clarita, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Santa Clarita, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Fairfield Santa Clarita, CA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,864
Initial Cost, Building, FF&E, and Other		7,753
Subsequently Capitalized Building Improvements & FF&E		2,778
Total Gross Cost	[2]	12,395
Accumulated Depreciation		$ (5,318)
Date of Construction		1997
Date Acquired		Oct-08
Guest Rooms | Room		66
Fairfield Santa Clarita, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Fairfield Santa Clarita, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Santa Clarita, CA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,812
Initial Cost, Building, FF&E, and Other		15,761
Subsequently Capitalized Building Improvements & FF&E		6,553
Total Gross Cost	[2]	24,126
Accumulated Depreciation		$ (12,160)
Date of Construction		1988
Date Acquired		Oct-08
Guest Rooms | Room		128
Hampton Santa Clarita, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Santa Clarita, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Santa Clarita, CA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,539
Initial Cost, Building, FF&E, and Other		14,493
Subsequently Capitalized Building Improvements & FF&E		6,616
Total Gross Cost	[2]	23,648
Accumulated Depreciation		$ (10,844)
Date of Construction		1997
Date Acquired		Oct-08
Guest Rooms | Room		90
Residence Inn Santa Clarita, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Santa Clarita, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Fairfield Tustin, CA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 7,700
Initial Cost, Building, FF&E, and Other		26,580
Subsequently Capitalized Building Improvements & FF&E		1,893
Total Gross Cost	[2]	36,173
Accumulated Depreciation		$ (7,170)
Date of Construction		2013
Date Acquired		Sep-16
Guest Rooms | Room		145
Fairfield Tustin, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Fairfield Tustin, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Tustin, CA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 11,680
Initial Cost, Building, FF&E, and Other		33,645
Subsequently Capitalized Building Improvements & FF&E		2,161
Total Gross Cost	[2]	47,486
Accumulated Depreciation		$ (9,446)
Date of Construction		2013
Date Acquired		Sep-16
Guest Rooms | Room		149
Residence Inn Tustin, CA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Tustin, CA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Colorado Springs, CO [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,780
Initial Cost, Building, FF&E, and Other		15,860
Subsequently Capitalized Building Improvements & FF&E		933
Total Gross Cost	[2]	18,573
Accumulated Depreciation		$ (4,798)
Date of Construction		2008
Date Acquired		Sep-16
Guest Rooms | Room		101
Hampton Colorado Springs, CO [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Colorado Springs, CO [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Denver, CO [Member]
Real Estate Properties [Line Items]
Encumbrances		$ 26,229
Initial Cost, Land	[1]	9,940
Initial Cost, Building, FF&E, and Other		57,536
Subsequently Capitalized Building Improvements & FF&E		4,838
Total Gross Cost	[2]	72,314
Accumulated Depreciation		$ (16,851)
Date of Construction		2007
Date Acquired		Sep-16
Guest Rooms | Room		221
Hilton Garden Inn Denver, CO [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Denver, CO [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Highlands Ranch, CO [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 5,480
Initial Cost, Building, FF&E, and Other		20,465
Subsequently Capitalized Building Improvements & FF&E		2,153
Total Gross Cost	[2]	28,098
Accumulated Depreciation		$ (7,149)
Date of Construction		2006
Date Acquired		Mar-14
Guest Rooms | Room		128
Hilton Garden Inn Highlands Ranch, CO [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Highlands Ranch, CO [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Highlands Ranch, CO [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 5,350
Initial Cost, Building, FF&E, and Other		19,167
Subsequently Capitalized Building Improvements & FF&E		3,970
Total Gross Cost	[2]	28,487
Accumulated Depreciation		$ (9,632)
Date of Construction		1996
Date Acquired		Mar-14
Guest Rooms | Room		117
Residence Inn Highlands Ranch, CO [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Highlands Ranch, CO [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Boca Raton, FL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 7,220
Initial Cost, Building, FF&E, and Other		22,177
Subsequently Capitalized Building Improvements & FF&E		2,990
Total Gross Cost	[2]	32,387
Accumulated Depreciation		$ (7,038)
Date of Construction		2002
Date Acquired		Sep-16
Guest Rooms | Room		149
Hilton Garden Inn Boca Raton, FL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Boca Raton, FL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Cape Canaveral, FL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,780
Initial Cost, Building, FF&E, and Other		23,967
Subsequently Capitalized Building Improvements & FF&E		436
Total Gross Cost	[2]	27,183
Accumulated Depreciation		$ (7,266)
Date of Construction		2016
Date Acquired		Sep-16
Guest Rooms | Room		153
Homewood Suites Cape Canaveral, FL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Cape Canaveral, FL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Cape Canaveral, FL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,594
Initial Cost, Building, FF&E, and Other		20,951
Subsequently Capitalized Building Improvements & FF&E		38
Total Gross Cost	[2]	23,583
Accumulated Depreciation		$ (3,662)
Date of Construction		2020
Date Acquired		Apr-20
Guest Rooms | Room		116
Hampton Cape Canaveral, FL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Cape Canaveral, FL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Home2 Suites Cape Canaveral, FL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,415
Initial Cost, Building, FF&E, and Other		19,668
Subsequently Capitalized Building Improvements & FF&E		45
Total Gross Cost	[2]	22,128
Accumulated Depreciation		$ (3,520)
Date of Construction		2020
Date Acquired		Apr-20
Guest Rooms | Room		108
Home2 Suites Cape Canaveral, FL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Home2 Suites Cape Canaveral, FL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Fort Lauderdale, FL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,793
Initial Cost, Building, FF&E, and Other		21,357
Subsequently Capitalized Building Improvements & FF&E		5,955
Total Gross Cost	[2]	29,105
Accumulated Depreciation		$ (10,410)
Date of Construction		2002
Date Acquired		Jun-15
Guest Rooms | Room		156
Hampton Fort Lauderdale, FL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Fort Lauderdale, FL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Fort Lauderdale, FL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 5,760
Initial Cost, Building, FF&E, and Other		26,727
Subsequently Capitalized Building Improvements & FF&E		2,609
Total Gross Cost	[2]	35,096
Accumulated Depreciation		$ (7,628)
Date of Construction		2014
Date Acquired		Sep-16
Guest Rooms | Room		156
Residence Inn Fort Lauderdale, FL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Fort Lauderdale, FL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Gainesville, FL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,300
Initial Cost, Building, FF&E, and Other		17,322
Subsequently Capitalized Building Improvements & FF&E		2,334
Total Gross Cost	[2]	20,956
Accumulated Depreciation		$ (5,239)
Date of Construction		2007
Date Acquired		Sep-16
Guest Rooms | Room		104
Hilton Garden Inn Gainesville, FL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Gainesville, FL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Gainesville, FL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,740
Initial Cost, Building, FF&E, and Other		16,329
Subsequently Capitalized Building Improvements & FF&E		2,926
Total Gross Cost	[2]	20,995
Accumulated Depreciation		$ (5,526)
Date of Construction		2005
Date Acquired		Sep-16
Guest Rooms | Room		103
Homewood Suites Gainesville, FL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Gainesville, FL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Jacksonville, FL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 9,480
Initial Cost, Building, FF&E, and Other		21,247
Subsequently Capitalized Building Improvements & FF&E		4,709
Total Gross Cost	[2]	35,436
Accumulated Depreciation		$ (10,220)
Date of Construction		2005
Date Acquired		Mar-14
Guest Rooms | Room		119
Homewood Suites Jacksonville, FL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Jacksonville, FL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hyatt Place Jacksonville, FL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,013
Initial Cost, Building, FF&E, and Other		13,533
Subsequently Capitalized Building Improvements & FF&E		1,256
Total Gross Cost	[2]	16,802
Accumulated Depreciation		$ (3,678)
Date of Construction		2009
Date Acquired		Dec-18
Guest Rooms | Room		127
Hyatt Place Jacksonville, FL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hyatt Place Jacksonville, FL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Miami, FL [Member]
Real Estate Properties [Line Items]
Initial Cost, Building, FF&E, and Other		$ 31,488
Subsequently Capitalized Building Improvements & FF&E		2,310
Total Gross Cost	[2]	33,798
Accumulated Depreciation		$ (11,237)
Date of Construction		2008
Guest Rooms | Room		118
Courtyard Miami, FL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Miami, FL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Miami, FL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,972
Initial Cost, Building, FF&E, and Other		9,987
Subsequently Capitalized Building Improvements & FF&E		6,654
Total Gross Cost	[2]	18,613
Accumulated Depreciation		$ (9,553)
Date of Construction		2000
Date Acquired		Apr-10
Guest Rooms | Room		121
Hampton Miami, FL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Miami, FL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Home2 Suites Orlando, FL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,731
Initial Cost, Building, FF&E, and Other		18,063
Subsequently Capitalized Building Improvements & FF&E		153
Total Gross Cost	[2]	20,947
Accumulated Depreciation		$ (4,335)
Date of Construction		2019
Date Acquired		Mar-19
Guest Rooms | Room		128
Home2 Suites Orlando, FL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Home2 Suites Orlando, FL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Miami, FL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 18,820
Initial Cost, Building, FF&E, and Other		25,375
Subsequently Capitalized Building Improvements & FF&E		9,574
Total Gross Cost	[2]	53,769
Accumulated Depreciation		$ (13,552)
Date of Construction		2000
Date Acquired		Mar-14
Guest Rooms | Room		162
Homewood Suites Miami, FL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Miami, FL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Dallas [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 4,920
Initial Cost, Building, FF&E, and Other		29,427
Subsequently Capitalized Building Improvements & FF&E		4,790
Total Gross Cost	[2]	39,137
Accumulated Depreciation		$ (8,543)
Date of Construction		2013
Date Acquired		Sep-16
Guest Rooms | Room		130
Homewood Suites Dallas [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Dallas [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Panama City, FL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,605
Initial Cost, Building, FF&E, and Other		9,995
Subsequently Capitalized Building Improvements & FF&E		1,573
Total Gross Cost	[2]	13,173
Accumulated Depreciation		$ (5,828)
Date of Construction		2009
Date Acquired		Mar-09
Guest Rooms | Room		95
Hampton Panama City, FL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Panama City, FL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Fairfield Orlando, FL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 3,140
Initial Cost, Building, FF&E, and Other		22,580
Subsequently Capitalized Building Improvements & FF&E		3,347
Total Gross Cost	[2]	29,067
Accumulated Depreciation		$ (12,563)
Date of Construction		2009
Date Acquired		Jul-09
Guest Rooms | Room		200
Fairfield Orlando, FL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Fairfield Orlando, FL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
TownePlace Suites Panama City, FL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 908
Initial Cost, Building, FF&E, and Other		9,549
Subsequently Capitalized Building Improvements & FF&E		778
Total Gross Cost	[2]	11,235
Accumulated Depreciation		$ (4,672)
Date of Construction		2010
Date Acquired		Jan-10
Guest Rooms | Room		103
TownePlace Suites Panama City, FL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
TownePlace Suites Panama City, FL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
TownePlace Suites Pensacola, FL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,770
Initial Cost, Building, FF&E, and Other		12,562
Subsequently Capitalized Building Improvements & FF&E		1,538
Total Gross Cost	[2]	15,870
Accumulated Depreciation		$ (3,710)
Date of Construction		2008
Date Acquired		Sep-16
Guest Rooms | Room		97
TownePlace Suites Pensacola, FL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
TownePlace Suites Pensacola, FL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
SpringHill Suites Orlando, FL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 3,141
Initial Cost, Building, FF&E, and Other		25,779
Subsequently Capitalized Building Improvements & FF&E		3,538
Total Gross Cost	[2]	32,458
Accumulated Depreciation		$ (14,161)
Date of Construction		2009
Date Acquired		Jul-09
Guest Rooms | Room		200
SpringHill Suites Orlando, FL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
SpringHill Suites Orlando, FL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Fairfield Tallahassee, FL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 960
Initial Cost, Building, FF&E, and Other		11,734
Subsequently Capitalized Building Improvements & FF&E		964
Total Gross Cost	[2]	13,658
Accumulated Depreciation		$ (3,421)
Date of Construction		2011
Date Acquired		Sep-16
Guest Rooms | Room		97
Fairfield Tallahassee, FL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Fairfield Tallahassee, FL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Tallahassee, FL [Member]
Real Estate Properties [Line Items]
Initial Cost, Building, FF&E, and Other		$ 10,938
Subsequently Capitalized Building Improvements & FF&E		883
Total Gross Cost	[2]	11,821
Accumulated Depreciation		$ (4,184)
Date of Construction		2006
Date Acquired		Mar-14
Guest Rooms | Room		85
Hilton Garden Inn Tallahassee, FL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Tallahassee, FL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Embassy Suites Tampa, FL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,824
Initial Cost, Building, FF&E, and Other		20,034
Subsequently Capitalized Building Improvements & FF&E		4,231
Total Gross Cost	[2]	26,089
Accumulated Depreciation		$ (11,334)
Date of Construction		2007
Date Acquired		Nov-10
Guest Rooms | Room		147
Embassy Suites Tampa, FL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Embassy Suites Tampa, FL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Atlanta / Downtown, GA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 7,861
Initial Cost, Building, FF&E, and Other		16,374
Subsequently Capitalized Building Improvements & FF&E		4,138
Total Gross Cost	[2]	28,373
Accumulated Depreciation		$ (5,986)
Date of Construction		1999
Date Acquired		Feb-18
Guest Rooms | Room		119
Hampton Atlanta / Downtown, GA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Atlanta / Downtown, GA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Atlanta / Perimeter Dunwoody, GA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 3,228
Initial Cost, Building, FF&E, and Other		26,498
Subsequently Capitalized Building Improvements & FF&E		230
Total Gross Cost	[2]	29,956
Accumulated Depreciation		$ (5,884)
Date of Construction		2016
Date Acquired		Jun-18
Guest Rooms | Room		132
Hampton Atlanta / Perimeter Dunwoody, GA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Atlanta / Perimeter Dunwoody, GA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Home2 Suites Atlanta, GA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 740
Initial Cost, Building, FF&E, and Other		23,122
Subsequently Capitalized Building Improvements & FF&E		1,406
Total Gross Cost	[2]	25,268
Accumulated Depreciation		$ (7,094)
Date of Construction		2016
Date Acquired		Jul-16
Guest Rooms | Room		128
Home2 Suites Atlanta, GA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Home2 Suites Atlanta, GA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Macon, GA [Member]
Real Estate Properties [Line Items]
Initial Cost, Building, FF&E, and Other		$ 15,043
Subsequently Capitalized Building Improvements & FF&E		1,022
Total Gross Cost	[2]	16,065
Accumulated Depreciation		$ (5,571)
Date of Construction		2007
Date Acquired		Mar-14
Guest Rooms | Room		101
Hilton Garden Inn Macon, GA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Macon, GA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Savannah, GA [Member]
Real Estate Properties [Line Items]
Initial Cost, Building, FF&E, and Other		$ 14,716
Subsequently Capitalized Building Improvements & FF&E		2,710
Total Gross Cost	[2]	17,426
Accumulated Depreciation		$ (6,584)
Date of Construction		2004
Date Acquired		Mar-14
Guest Rooms | Room		105
Hilton Garden Inn Savannah, GA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Savannah, GA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Cedar Rapids, IA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,590
Initial Cost, Building, FF&E, and Other		11,364
Subsequently Capitalized Building Improvements & FF&E		445
Total Gross Cost	[2]	13,399
Accumulated Depreciation		$ (3,656)
Date of Construction		2009
Date Acquired		Sep-16
Guest Rooms | Room		103
Hampton Cedar Rapids, IA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Cedar Rapids, IA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Cedar Rapids, IA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,770
Initial Cost, Building, FF&E, and Other		13,116
Subsequently Capitalized Building Improvements & FF&E		2,410
Total Gross Cost	[2]	17,296
Accumulated Depreciation		$ (4,874)
Date of Construction		2010
Date Acquired		Sep-16
Guest Rooms | Room		95
Homewood Suites Cedar Rapids, IA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Cedar Rapids, IA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Davenport, IA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 400
Initial Cost, Building, FF&E, and Other		16,915
Subsequently Capitalized Building Improvements & FF&E		987
Total Gross Cost	[2]	18,302
Accumulated Depreciation		$ (5,202)
Date of Construction		2007
Date Acquired		Sep-16
Guest Rooms | Room		103
Hampton Davenport, IA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Davenport, IA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Boise, ID [Member]
Real Estate Properties [Line Items]
Encumbrances		$ 20,156
Initial Cost, Land	[1]	1,335
Initial Cost, Building, FF&E, and Other		21,114
Subsequently Capitalized Building Improvements & FF&E		3,734
Total Gross Cost	[2]	26,183
Accumulated Depreciation		$ (11,980)
Date of Construction		2007
Date Acquired		Apr-10
Guest Rooms | Room		186
Hampton Boise, ID [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Boise, ID [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Des Plaines, IL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 10,000
Initial Cost, Building, FF&E, and Other		38,116
Subsequently Capitalized Building Improvements & FF&E		4,308
Total Gross Cost	[2]	52,424
Accumulated Depreciation		$ (11,352)
Date of Construction		2005
Date Acquired		Sep-16
Guest Rooms | Room		253
Hilton Garden Inn Des Plaines, IL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Des Plaines, IL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Hoffman Estates, IL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,770
Initial Cost, Building, FF&E, and Other		14,371
Subsequently Capitalized Building Improvements & FF&E	[3]	(280)
Total Gross Cost	[2]	15,861
Accumulated Depreciation		$ (4,894)
Date of Construction		2000
Date Acquired		Sep-16
Guest Rooms | Room		184
Hilton Garden Inn Hoffman Estates, IL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Hoffman Estates, IL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Mettawa, IL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,246
Initial Cost, Building, FF&E, and Other		28,328
Subsequently Capitalized Building Improvements & FF&E		2,969
Total Gross Cost	[2]	33,543
Accumulated Depreciation		$ (13,635)
Date of Construction		2008
Date Acquired		Nov-10
Guest Rooms | Room		170
Hilton Garden Inn Mettawa, IL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Mettawa, IL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Mettawa, IL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,722
Initial Cost, Building, FF&E, and Other		21,843
Subsequently Capitalized Building Improvements & FF&E		2,306
Total Gross Cost	[2]	25,871
Accumulated Depreciation		$ (10,369)
Date of Construction		2008
Date Acquired		Nov-10
Guest Rooms | Room		130
Residence Inn Mettawa, IL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Mettawa, IL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Rosemont, IL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 3,410
Initial Cost, Building, FF&E, and Other		23,594
Subsequently Capitalized Building Improvements & FF&E		369
Total Gross Cost	[2]	27,373
Accumulated Depreciation		$ (6,865)
Date of Construction		2015
Date Acquired		Sep-16
Guest Rooms | Room		158
Hampton Rosemont, IL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Rosemont, IL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Skokie, IL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,593
Initial Cost, Building, FF&E, and Other		31,284
Subsequently Capitalized Building Improvements & FF&E		4,516
Total Gross Cost	[2]	38,393
Accumulated Depreciation		$ (10,108)
Date of Construction		2000
Date Acquired		Sep-16
Guest Rooms | Room		225
Hampton Skokie, IL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Skokie, IL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Warrenville, IL [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,171
Initial Cost, Building, FF&E, and Other		20,894
Subsequently Capitalized Building Improvements & FF&E		2,955
Total Gross Cost	[2]	25,020
Accumulated Depreciation		$ (10,692)
Date of Construction		2008
Date Acquired		Nov-10
Guest Rooms | Room		135
Hilton Garden Inn Warrenville, IL [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Warrenville, IL [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Merrillville, IN [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,860
Initial Cost, Building, FF&E, and Other		17,755
Subsequently Capitalized Building Improvements & FF&E		2,448
Total Gross Cost	[2]	22,063
Accumulated Depreciation		$ (5,715)
Date of Construction		2008
Date Acquired		Sep-16
Guest Rooms | Room		124
Hilton Garden Inn Merrillville, IN [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Merrillville, IN [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Mishawaka, IN [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 898
Initial Cost, Building, FF&E, and Other		12,862
Subsequently Capitalized Building Improvements & FF&E		1,929
Total Gross Cost	[2]	15,689
Accumulated Depreciation		$ (6,595)
Date of Construction		2007
Date Acquired		Nov-10
Guest Rooms | Room		106
Residence Inn Mishawaka, IN [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Mishawaka, IN [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Fairfield South Bend, IN [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,090
Initial Cost, Building, FF&E, and Other		23,361
Subsequently Capitalized Building Improvements & FF&E		1,792
Total Gross Cost	[2]	27,243
Accumulated Depreciation		$ (6,724)
Date of Construction		2010
Date Acquired		Sep-16
Guest Rooms | Room		119
Fairfield South Bend, IN [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Fairfield South Bend, IN [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Fairfield Overland Park, KS [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,230
Initial Cost, Building, FF&E, and Other		11,713
Subsequently Capitalized Building Improvements & FF&E		2,050
Total Gross Cost	[2]	14,993
Accumulated Depreciation		$ (4,985)
Date of Construction		2008
Date Acquired		Mar-14
Guest Rooms | Room		110
Fairfield Overland Park, KS [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Fairfield Overland Park, KS [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Overland Park, KS [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,790
Initial Cost, Building, FF&E, and Other		20,633
Subsequently Capitalized Building Improvements & FF&E		5,402
Total Gross Cost	[2]	27,825
Accumulated Depreciation		$ (10,196)
Date of Construction		2000
Date Acquired		Mar-14
Guest Rooms | Room		120
Residence Inn Overland Park, KS [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Overland Park, KS [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
AC Hotels Louisville, KY [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 5,004
Initial Cost, Building, FF&E, and Other		46,548
Subsequently Capitalized Building Improvements & FF&E		11
Total Gross Cost	[2]	51,563
Accumulated Depreciation		$ (3,193)
Date of Construction		2018
Date Acquired		Oct-22
Guest Rooms | Room		156
AC Hotels Louisville, KY [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
AC Hotels Louisville, KY [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Lafayette, LA [Member]
Real Estate Properties [Line Items]
Initial Cost, Building, FF&E, and Other		$ 17,898
Subsequently Capitalized Building Improvements & FF&E		6,773
Total Gross Cost	[2]	24,671
Accumulated Depreciation		$ (11,380)
Date of Construction		2006
Date Acquired		Jul-10
Guest Rooms | Room		153
Hilton Garden Inn Lafayette, LA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Lafayette, LA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
SpringHill Suites Lafayette, LA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 709
Initial Cost, Building, FF&E, and Other		9,400
Subsequently Capitalized Building Improvements & FF&E		1,108
Total Gross Cost	[2]	11,217
Accumulated Depreciation		$ (4,422)
Date of Construction		2011
Date Acquired		Jun-11
Guest Rooms | Room		103
SpringHill Suites Lafayette, LA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
SpringHill Suites Lafayette, LA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites New Orleans, LA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 4,150
Initial Cost, Building, FF&E, and Other		52,258
Subsequently Capitalized Building Improvements & FF&E		14,718
Total Gross Cost	[2]	71,126
Accumulated Depreciation		$ (22,214)
Date of Construction		2002
Date Acquired		Mar-14
Guest Rooms | Room		166
Homewood Suites New Orleans, LA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites New Orleans, LA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
AC Hotels Portland, ME [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 6,767
Initial Cost, Building, FF&E, and Other		61,602
Subsequently Capitalized Building Improvements & FF&E		64
Total Gross Cost	[2]	68,433
Accumulated Depreciation		$ (6,415)
Date of Construction		2018
Date Acquired		Aug-21
Guest Rooms | Room		178
AC Hotels Portland, ME [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
AC Hotels Portland, ME [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Marlborough, MA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 3,480
Initial Cost, Building, FF&E, and Other		17,341
Subsequently Capitalized Building Improvements & FF&E		2,485
Total Gross Cost	[2]	23,306
Accumulated Depreciation		$ (7,392)
Date of Construction		2006
Date Acquired		Mar-14
Guest Rooms | Room		112
Residence Inn Marlborough, MA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Marlborough, MA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Aloft Hotel Portland, ME [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 6,002
Initial Cost, Building, FF&E, and Other		47,177
Subsequently Capitalized Building Improvements & FF&E		29
Total Gross Cost	[2]	53,208
Accumulated Depreciation		$ (5,441)
Date of Construction		2021
Date Acquired		Sep-21
Guest Rooms | Room		157
Aloft Hotel Portland, ME [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Aloft Hotel Portland, ME [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Westford, MA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 3,410
Initial Cost, Building, FF&E, and Other		16,320
Subsequently Capitalized Building Improvements & FF&E		1,893
Total Gross Cost	[2]	21,623
Accumulated Depreciation		$ (6,459)
Date of Construction		2007
Date Acquired		Mar-14
Guest Rooms | Room		110
Hampton Westford, MA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Westford, MA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Portland, ME [Member]
Real Estate Properties [Line Items]
Encumbrances		$ 30,500
Initial Cost, Land	[1]	4,440
Initial Cost, Building, FF&E, and Other		51,534
Subsequently Capitalized Building Improvements & FF&E		1,147
Total Gross Cost	[2]	57,121
Accumulated Depreciation		$ (11,830)
Date of Construction		2009
Date Acquired		Oct-17
Guest Rooms | Room		179
Residence Inn Portland, ME [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Portland, ME [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Westford, MA [Member]
Real Estate Properties [Line Items]
Encumbrances		$ 7,391
Initial Cost, Land	[1]	1,760
Initial Cost, Building, FF&E, and Other		20,791
Subsequently Capitalized Building Improvements & FF&E		4,634
Total Gross Cost	[2]	27,185
Accumulated Depreciation		$ (9,778)
Date of Construction		2001
Date Acquired		Mar-14
Guest Rooms | Room		108
Residence Inn Westford, MA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Westford, MA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Novi, MI [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,213
Initial Cost, Building, FF&E, and Other		15,052
Subsequently Capitalized Building Improvements & FF&E		2,839
Total Gross Cost	[2]	19,104
Accumulated Depreciation		$ (8,393)
Date of Construction		2008
Date Acquired		Nov-10
Guest Rooms | Room		148
Hilton Garden Inn Novi, MI [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Novi, MI [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Annapolis, MD [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 4,350
Initial Cost, Building, FF&E, and Other		13,974
Subsequently Capitalized Building Improvements & FF&E		2,308
Total Gross Cost	[2]	20,632
Accumulated Depreciation		$ (6,411)
Date of Construction		2007
Date Acquired		Mar-14
Guest Rooms | Room		126
Hilton Garden Inn Annapolis, MD [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Annapolis, MD [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Maple Grove, MN [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,560
Initial Cost, Building, FF&E, and Other		13,717
Subsequently Capitalized Building Improvements & FF&E		3,509
Total Gross Cost	[2]	18,786
Accumulated Depreciation		$ (5,859)
Date of Construction		2003
Date Acquired		Sep-16
Guest Rooms | Room		121
Hilton Garden Inn Maple Grove, MN [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Maple Grove, MN [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Silver Spring, MD [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,361
Initial Cost, Building, FF&E, and Other		16,094
Subsequently Capitalized Building Improvements & FF&E		1,796
Total Gross Cost	[2]	19,251
Accumulated Depreciation		$ (8,058)
Date of Construction		2010
Date Acquired		Jul-10
Guest Rooms | Room		107
Hilton Garden Inn Silver Spring, MD [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Silver Spring, MD [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Rochester, MN [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 916
Initial Cost, Building, FF&E, and Other		13,225
Subsequently Capitalized Building Improvements & FF&E		2,871
Total Gross Cost	[2]	17,012
Accumulated Depreciation		$ (8,116)
Date of Construction		2009
Date Acquired		Aug-09
Guest Rooms | Room		124
Hampton Rochester, MN [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Rochester, MN [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton St. Paul, MN [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,523
Initial Cost, Building, FF&E, and Other		29,365
Subsequently Capitalized Building Improvements & FF&E		464
Total Gross Cost	[2]	32,352
Accumulated Depreciation		$ (5,932)
Date of Construction		2016
Date Acquired		Mar-19
Guest Rooms | Room		160
Hampton St. Paul, MN [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton St. Paul, MN [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Kansas City, MO [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 727
Initial Cost, Building, FF&E, and Other		9,363
Subsequently Capitalized Building Improvements & FF&E		2,848
Total Gross Cost	[2]	12,938
Accumulated Depreciation		$ (5,723)
Date of Construction		1999
Date Acquired		Aug-10
Guest Rooms | Room		122
Hampton Kansas City, MO [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Kansas City, MO [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Kansas City, MO [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,000
Initial Cost, Building, FF&E, and Other		20,818
Subsequently Capitalized Building Improvements & FF&E		4,179
Total Gross Cost	[2]	26,997
Accumulated Depreciation		$ (9,625)
Date of Construction		2002
Date Acquired		Mar-14
Guest Rooms | Room		106
Residence Inn Kansas City, MO [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Kansas City, MO [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton St. Louis, MO [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,758
Initial Cost, Building, FF&E, and Other		20,954
Subsequently Capitalized Building Improvements & FF&E		11,235
Total Gross Cost	[2]	33,947
Accumulated Depreciation		$ (16,662)
Date of Construction		2003
Date Acquired		Aug-10
Guest Rooms | Room		190
Hampton St. Louis, MO [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton St. Louis, MO [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton St. Louis, MO [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 758
Initial Cost, Building, FF&E, and Other		15,287
Subsequently Capitalized Building Improvements & FF&E		4,161
Total Gross Cost	[2]	20,206
Accumulated Depreciation		$ (8,801)
Date of Construction		2006
Date Acquired		Apr-10
Guest Rooms | Room		126
Hampton St. Louis, MO [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton St. Louis, MO [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Hattiesburg, MS [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,390
Initial Cost, Building, FF&E, and Other		11,324
Subsequently Capitalized Building Improvements & FF&E		1,944
Total Gross Cost	[2]	14,658
Accumulated Depreciation		$ (4,727)
Date of Construction		2006
Date Acquired		Mar-14
Guest Rooms | Room		84
Courtyard Hattiesburg, MS [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Hattiesburg, MS [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Hattiesburg, MS [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 906
Initial Cost, Building, FF&E, and Other		9,151
Subsequently Capitalized Building Improvements & FF&E		1,500
Total Gross Cost	[2]	11,557
Accumulated Depreciation		$ (5,416)
Date of Construction		2008
Date Acquired		Dec-08
Guest Rooms | Room		84
Residence Inn Hattiesburg, MS [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Hattiesburg, MS [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Carolina Beach, NC [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 7,490
Initial Cost, Building, FF&E, and Other		31,588
Subsequently Capitalized Building Improvements & FF&E		5,257
Total Gross Cost	[2]	44,335
Accumulated Depreciation		$ (13,160)
Date of Construction		2003
Date Acquired		Mar-14
Guest Rooms | Room		144
Courtyard Carolina Beach, NC [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Carolina Beach, NC [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Fairfield Charlotte, NC [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,030
Initial Cost, Building, FF&E, and Other		11,111
Subsequently Capitalized Building Improvements & FF&E		1,488
Total Gross Cost	[2]	13,629
Accumulated Depreciation		$ (3,851)
Date of Construction		2010
Date Acquired		Sep-16
Guest Rooms | Room		94
Fairfield Charlotte, NC [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Fairfield Charlotte, NC [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Durham, NC [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,232
Initial Cost, Building, FF&E, and Other		18,343
Subsequently Capitalized Building Improvements & FF&E		9,053
Total Gross Cost	[2]	28,628
Accumulated Depreciation		$ (13,214)
Date of Construction		1999
Date Acquired		Dec-08
Guest Rooms | Room		122
Homewood Suites Durham, NC [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Durham, NC [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Home2 Suites Fayetteville, NC [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 746
Initial Cost, Building, FF&E, and Other		10,563
Subsequently Capitalized Building Improvements & FF&E		1,749
Total Gross Cost	[2]	13,058
Accumulated Depreciation		$ (5,690)
Date of Construction		2011
Date Acquired		Feb-11
Guest Rooms | Room		118
Home2 Suites Fayetteville, NC [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Home2 Suites Fayetteville, NC [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Home2 Suites Jacksonville, NC [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 910
Initial Cost, Building, FF&E, and Other		12,527
Subsequently Capitalized Building Improvements & FF&E		1,413
Total Gross Cost	[2]	14,850
Accumulated Depreciation		$ (3,911)
Date of Construction		2012
Date Acquired		Sep-16
Guest Rooms | Room		105
Home2 Suites Jacksonville, NC [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Home2 Suites Jacksonville, NC [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Fairfield Wilmington, NC [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,310
Initial Cost, Building, FF&E, and Other		13,034
Subsequently Capitalized Building Improvements & FF&E		1,868
Total Gross Cost	[2]	16,212
Accumulated Depreciation		$ (5,311)
Date of Construction		2008
Date Acquired		Mar-14
Guest Rooms | Room		122
Fairfield Wilmington, NC [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Fairfield Wilmington, NC [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Winston-Salem, NC [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,170
Initial Cost, Building, FF&E, and Other		14,268
Subsequently Capitalized Building Improvements & FF&E		1,317
Total Gross Cost	[2]	17,755
Accumulated Depreciation		$ (4,121)
Date of Construction		2010
Date Acquired		Sep-16
Guest Rooms | Room		94
Hampton Winston-Salem, NC [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Winston-Salem, NC [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Omaha, NE [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 6,700
Initial Cost, Building, FF&E, and Other		36,829
Subsequently Capitalized Building Improvements & FF&E		6,690
Total Gross Cost	[2]	50,219
Accumulated Depreciation		$ (16,136)
Date of Construction		1999
Date Acquired		Mar-14
Guest Rooms | Room		181
Courtyard Omaha, NE [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Omaha, NE [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Omaha, NE [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,710
Initial Cost, Building, FF&E, and Other		22,636
Subsequently Capitalized Building Improvements & FF&E		1,934
Total Gross Cost	[2]	26,280
Accumulated Depreciation		$ (6,392)
Date of Construction		2007
Date Acquired		Sep-16
Guest Rooms | Room		139
Hampton Omaha, NE [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Omaha, NE [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Omaha, NE [Member]
Real Estate Properties [Line Items]
Encumbrances		$ 18,904
Initial Cost, Land	[1]	1,620
Initial Cost, Building, FF&E, and Other		35,962
Subsequently Capitalized Building Improvements & FF&E		3,039
Total Gross Cost	[2]	40,621
Accumulated Depreciation		$ (10,494)
Date of Construction		2001
Date Acquired		Sep-16
Guest Rooms | Room		178
Hilton Garden Inn Omaha, NE [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Omaha, NE [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Omaha, NE {Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,890
Initial Cost, Building, FF&E, and Other		22,014
Subsequently Capitalized Building Improvements & FF&E		2,632
Total Gross Cost	[2]	26,536
Accumulated Depreciation		$ (6,807)
Date of Construction		2008
Date Acquired		Sep-16
Guest Rooms | Room		123
Homewood Suites Omaha, NE {Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Omaha, NE {Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Cranford, NJ [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 4,550
Initial Cost, Building, FF&E, and Other		23,828
Subsequently Capitalized Building Improvements & FF&E		5,255
Total Gross Cost	[2]	33,633
Accumulated Depreciation		$ (10,970)
Date of Construction		2000
Date Acquired		Mar-14
Guest Rooms | Room		108
Homewood Suites Cranford, NJ [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Cranford, NJ [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Mahwah, NJ [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 3,220
Initial Cost, Building, FF&E, and Other		22,742
Subsequently Capitalized Building Improvements & FF&E		5,064
Total Gross Cost	[2]	31,026
Accumulated Depreciation		$ (10,921)
Date of Construction		2001
Date Acquired		Mar-14
Guest Rooms | Room		110
Homewood Suites Mahwah, NJ [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Mahwah, NJ [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Mount Laurel, NJ [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,589
Initial Cost, Building, FF&E, and Other		13,476
Subsequently Capitalized Building Improvements & FF&E		6,777
Total Gross Cost	[2]	21,842
Accumulated Depreciation		$ (9,886)
Date of Construction		2006
Date Acquired		Jan-11
Guest Rooms | Room		118
Homewood Suites Mount Laurel, NJ [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Mount Laurel, NJ [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Somerset, NJ [Member]
Real Estate Properties [Line Items]
Initial Cost, Building, FF&E, and Other		$ 27,133
Subsequently Capitalized Building Improvements & FF&E		4,279
Total Gross Cost	[2]	31,412
Accumulated Depreciation		$ (15,591)
Date of Construction		2002
Date Acquired		Mar-14
Guest Rooms | Room		162
Courtyard Somerset, NJ [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Somerset, NJ [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		25 years
Courtyard West Orange, NJ [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,054
Initial Cost, Building, FF&E, and Other		19,513
Subsequently Capitalized Building Improvements & FF&E		4,301
Total Gross Cost	[2]	25,868
Accumulated Depreciation		$ (10,630)
Date of Construction		2005
Date Acquired		Jan-11
Guest Rooms | Room		131
Courtyard West Orange, NJ [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard West Orange, NJ [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
SpringHill Suites Las Vegas, NV [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 10,097
Initial Cost, Building, FF&E, and Other		65,179
Subsequently Capitalized Building Improvements & FF&E		36
Total Gross Cost	[2]	75,312
Accumulated Depreciation		$ (2,394)
Date of Construction		2009
Date Acquired		Dec-23
Guest Rooms | Room		300
SpringHill Suites Las Vegas, NV [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
SpringHill Suites Las Vegas, NV [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Islip/Ronkonkoma, NY [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 6,510
Initial Cost, Building, FF&E, and Other		28,718
Subsequently Capitalized Building Improvements & FF&E		6,892
Total Gross Cost	[2]	42,120
Accumulated Depreciation		$ (13,403)
Date of Construction		2003
Date Acquired		Mar-14
Guest Rooms | Room		166
Hilton Garden Inn Islip/Ronkonkoma, NY [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Islip/Ronkonkoma, NY [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
N/A New York, NY [Member]
Real Estate Properties [Line Items]
Initial Cost, Building, FF&E, and Other		$ 102,832
Subsequently Capitalized Building Improvements & FF&E	[3],[4]	(71,642)
Total Gross Cost	[2]	31,190
Accumulated Depreciation		$ (21,553)
Date of Construction		1916
Date Acquired		Mar-14
N/A New York, NY [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
N/A New York, NY [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		32 years
Courtyard Syracuse, NY [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 812
Initial Cost, Building, FF&E, and Other		23,278
Subsequently Capitalized Building Improvements & FF&E		1,528
Total Gross Cost	[2]	25,618
Accumulated Depreciation		$ (6,823)
Date of Construction		2013
Date Acquired		Oct-15
Guest Rooms | Room		102
Courtyard Syracuse, NY [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Syracuse, NY [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Syracuse, NY [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 621
Initial Cost, Building, FF&E, and Other		17,589
Subsequently Capitalized Building Improvements & FF&E		1,402
Total Gross Cost	[2]	19,612
Accumulated Depreciation		$ (5,373)
Date of Construction		2013
Date Acquired		Oct-15
Guest Rooms | Room		78
Residence Inn Syracuse, NY [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Syracuse, NY [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Cleveland, OH [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 3,212
Initial Cost, Building, FF&E, and Other		30,118
Subsequently Capitalized Building Improvements & FF&E		106
Total Gross Cost	[2]	33,436
Accumulated Depreciation		$ (1,910)
Date of Construction		2023
Date Acquired		Jun-23
Guest Rooms | Room		154
Courtyard Cleveland, OH [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Cleveland, OH [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Mason, OH [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,120
Initial Cost, Building, FF&E, and Other		16,770
Subsequently Capitalized Building Improvements & FF&E		1,383
Total Gross Cost	[2]	19,273
Accumulated Depreciation		$ (5,160)
Date of Construction		2010
Date Acquired		Sep-16
Guest Rooms | Room		110
Hilton Garden Inn Mason, OH [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Mason, OH [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Malvern/Philadelphia, PA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 996
Initial Cost, Building, FF&E, and Other		20,374
Subsequently Capitalized Building Improvements & FF&E		3,403
Total Gross Cost	[2]	24,773
Accumulated Depreciation		$ (10,031)
Date of Construction		2007
Date Acquired		Nov-10
Guest Rooms | Room		127
Courtyard Malvern/Philadelphia, PA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Malvern/Philadelphia, PA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
AC Hotels Pittsburgh, PA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 3,305
Initial Cost, Building, FF&E, and Other		31,605
Subsequently Capitalized Building Improvements & FF&E		77
Total Gross Cost	[2]	34,987
Accumulated Depreciation		$ (2,347)
Date of Construction		2018
Date Acquired		Oct-22
Guest Rooms | Room		134
AC Hotels Pittsburgh, PA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
AC Hotels Pittsburgh, PA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Twinsburg, OH [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,419
Initial Cost, Building, FF&E, and Other		16,614
Subsequently Capitalized Building Improvements & FF&E		4,647
Total Gross Cost	[2]	22,680
Accumulated Depreciation		$ (11,269)
Date of Construction		1999
Date Acquired		Oct-08
Guest Rooms | Room		142
Hilton Garden Inn Twinsburg, OH [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Twinsburg, OH [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Pittsburgh, PA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,503
Initial Cost, Building, FF&E, and Other		18,537
Subsequently Capitalized Building Improvements & FF&E		5,127
Total Gross Cost	[2]	26,167
Accumulated Depreciation		$ (12,393)
Date of Construction		1991
Date Acquired		Dec-08
Guest Rooms | Room		132
Hampton Pittsburgh, PA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Pittsburgh, PA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Oklahoma City, OK [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,430
Initial Cost, Building, FF&E, and Other		31,327
Subsequently Capitalized Building Improvements & FF&E		3,053
Total Gross Cost	[2]	35,810
Accumulated Depreciation		$ (15,113)
Date of Construction		2009
Date Acquired		May-10
Guest Rooms | Room		200
Hampton Oklahoma City, OK [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Oklahoma City, OK [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Home2 Suites Charleston, SC [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 3,250
Initial Cost, Building, FF&E, and Other		16,778
Subsequently Capitalized Building Improvements & FF&E		2,194
Total Gross Cost	[2]	22,222
Accumulated Depreciation		$ (5,458)
Date of Construction		2011
Date Acquired		Sep-16
Guest Rooms | Room		122
Home2 Suites Charleston, SC [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Home2 Suites Charleston, SC [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Austin/Round Rock Tx [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,180
Initial Cost, Building, FF&E, and Other		25,644
Subsequently Capitalized Building Improvements & FF&E		2,525
Total Gross Cost	[2]	30,349
Accumulated Depreciation		$ (7,150)
Date of Construction		2010
Date Acquired		Sep-16
Guest Rooms | Room		115
Homewood Suites Austin/Round Rock Tx [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Austin/Round Rock Tx [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Oklahoma City, OK [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,270
Initial Cost, Building, FF&E, and Other		32,700
Subsequently Capitalized Building Improvements & FF&E		2,487
Total Gross Cost	[2]	36,457
Accumulated Depreciation		$ (8,725)
Date of Construction		2014
Date Acquired		Sep-16
Guest Rooms | Room		155
Hilton Garden Inn Oklahoma City, OK [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Oklahoma City, OK [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Columbia, SC [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 3,540
Initial Cost, Building, FF&E, and Other		16,399
Subsequently Capitalized Building Improvements & FF&E		2,920
Total Gross Cost	[2]	22,859
Accumulated Depreciation		$ (7,130)
Date of Construction		2006
Date Acquired		Mar-14
Guest Rooms | Room		143
Hilton Garden Inn Columbia, SC [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Columbia, SC [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Oklahoma City, OK [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 760
Initial Cost, Building, FF&E, and Other		20,056
Subsequently Capitalized Building Improvements & FF&E		1,307
Total Gross Cost	[2]	22,123
Accumulated Depreciation		$ (5,440)
Date of Construction		2014
Date Acquired		Sep-16
Guest Rooms | Room		100
Homewood Suites Oklahoma City, OK [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Oklahoma City, OK [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
TownePlace Suites Columbia, SC [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,330
Initial Cost, Building, FF&E, and Other		10,839
Subsequently Capitalized Building Improvements & FF&E		1,475
Total Gross Cost	[2]	13,644
Accumulated Depreciation		$ (3,798)
Date of Construction		2009
Date Acquired		Sep-16
Guest Rooms | Room		91
TownePlace Suites Columbia, SC [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
TownePlace Suites Columbia, SC [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Oklahoma City (West), OK [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,280
Initial Cost, Building, FF&E, and Other		13,340
Subsequently Capitalized Building Improvements & FF&E		800
Total Gross Cost	[2]	15,420
Accumulated Depreciation		$ (4,624)
Date of Construction		2008
Date Acquired		Sep-16
Guest Rooms | Room		90
Homewood Suites Oklahoma City (West), OK [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Oklahoma City (West), OK [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hyatt Place Greenville, SC [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,802
Initial Cost, Building, FF&E, and Other		27,700
Subsequently Capitalized Building Improvements & FF&E		145
Total Gross Cost	[2]	30,647
Accumulated Depreciation		$ (3,060)
Date of Construction		2018
Date Acquired		Sep-21
Guest Rooms | Room		130
Hyatt Place Greenville, SC [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hyatt Place Greenville, SC [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Portland, OR [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 10,813
Initial Cost, Building, FF&E, and Other		64,433
Subsequently Capitalized Building Improvements & FF&E		227
Total Gross Cost	[2]	75,473
Accumulated Depreciation		$ (6,091)
Date of Construction		2017
Date Acquired		Nov-21
Guest Rooms | Room		243
Hampton Portland, OR [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Portland, OR [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Hilton Head, SC [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 3,600
Initial Cost, Building, FF&E, and Other		11,386
Subsequently Capitalized Building Improvements & FF&E		2,924
Total Gross Cost	[2]	17,910
Accumulated Depreciation		$ (5,838)
Date of Construction		2001
Date Acquired		Mar-14
Guest Rooms | Room		104
Hilton Garden Inn Hilton Head, SC [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Hilton Head, SC [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Collegeville/Philadelphia, PA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,115
Initial Cost, Building, FF&E, and Other		17,953
Subsequently Capitalized Building Improvements & FF&E		5,251
Total Gross Cost	[2]	25,319
Accumulated Depreciation		$ (10,742)
Date of Construction		2005
Date Acquired		Nov-10
Guest Rooms | Room		132
Courtyard Collegeville/Philadelphia, PA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Collegeville/Philadelphia, PA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Franklin, TN [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,510
Initial Cost, Building, FF&E, and Other		31,341
Subsequently Capitalized Building Improvements & FF&E		897
Total Gross Cost	[2]	34,748
Accumulated Depreciation		$ (8,448)
Date of Construction		2008
Date Acquired		Sep-16
Guest Rooms | Room		126
Courtyard Franklin, TN [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Franklin, TN [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Franklin, TN [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,970
Initial Cost, Building, FF&E, and Other		29,208
Subsequently Capitalized Building Improvements & FF&E		1,749
Total Gross Cost	[2]	33,927
Accumulated Depreciation		$ (8,344)
Date of Construction		2009
Date Acquired		Sep-16
Guest Rooms | Room		124
Residence Inn Franklin, TN [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Franklin, TN [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Austin/Round Rock TX [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 865
Initial Cost, Building, FF&E, and Other		10,999
Subsequently Capitalized Building Improvements & FF&E		4,720
Total Gross Cost	[2]	16,584
Accumulated Depreciation		$ (8,170)
Date of Construction		2001
Date Acquired		Mar-09
Guest Rooms | Room		94
Hampton Austin/Round Rock TX [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Austin/Round Rock TX [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Knoxville, TN [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,160
Initial Cost, Building, FF&E, and Other		14,704
Subsequently Capitalized Building Improvements & FF&E		2,712
Total Gross Cost	[2]	19,576
Accumulated Depreciation		$ (4,973)
Date of Construction		2005
Date Acquired		Sep-16
Guest Rooms | Room		103
Homewood Suites Knoxville, TN [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Knoxville, TN [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
SpringHill Suites Knoxville, TN [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,840
Initial Cost, Building, FF&E, and Other		12,441
Subsequently Capitalized Building Improvements & FF&E		1,843
Total Gross Cost	[2]	16,124
Accumulated Depreciation		$ (4,130)
Date of Construction		2006
Date Acquired		Sep-16
Guest Rooms | Room		103
SpringHill Suites Knoxville, TN [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
SpringHill Suites Knoxville, TN [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Memphis, TN [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,449
Initial Cost, Building, FF&E, and Other		37,097
Subsequently Capitalized Building Improvements & FF&E		4,950
Total Gross Cost	[2]	44,496
Accumulated Depreciation		$ (10,757)
Date of Construction		2000
Date Acquired		Feb-18
Guest Rooms | Room		144
Hampton Memphis, TN [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Memphis, TN [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Memphis, TN [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 4,501
Initial Cost, Building, FF&E, and Other		33,688
Subsequently Capitalized Building Improvements & FF&E		149
Total Gross Cost	[2]	38,338
Accumulated Depreciation		$ (3,590)
Date of Construction		2019
Date Acquired		Oct-21
Guest Rooms | Room		150
Hilton Garden Inn Memphis, TN [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Memphis, TN [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Nashville, TN [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,754
Initial Cost, Building, FF&E, and Other		39,997
Subsequently Capitalized Building Improvements & FF&E		4,431
Total Gross Cost	[2]	47,182
Accumulated Depreciation		$ (19,872)
Date of Construction		2009
Date Acquired		Sep-10
Guest Rooms | Room		194
Hilton Garden Inn Nashville, TN [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Nashville, TN [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Home2 Suites Nashville, TN [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,153
Initial Cost, Building, FF&E, and Other		15,206
Subsequently Capitalized Building Improvements & FF&E		1,866
Total Gross Cost	[2]	18,225
Accumulated Depreciation		$ (7,003)
Date of Construction		2012
Date Acquired		May-12
Guest Rooms | Room		119
Home2 Suites Nashville, TN [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Home2 Suites Nashville, TN [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
TownePlace Suites Nashville, TN [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 7,390
Initial Cost, Building, FF&E, and Other		13,929
Subsequently Capitalized Building Improvements & FF&E		1,509
Total Gross Cost	[2]	22,828
Accumulated Depreciation		$ (4,525)
Date of Construction		2012
Date Acquired		Sep-16
Guest Rooms | Room		101
TownePlace Suites Nashville, TN [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
TownePlace Suites Nashville, TN [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
SpringHill Suites Addison, TX [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,210
Initial Cost, Building, FF&E, and Other		19,700
Subsequently Capitalized Building Improvements & FF&E		3,363
Total Gross Cost	[2]	24,273
Accumulated Depreciation		$ (9,303)
Date of Construction		2003
Date Acquired		Mar-14
Guest Rooms | Room		159
SpringHill Suites Addison, TX [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
SpringHill Suites Addison, TX [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Arlington, TX [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,217
Initial Cost, Building, FF&E, and Other		8,738
Subsequently Capitalized Building Improvements & FF&E		2,127
Total Gross Cost	[2]	12,082
Accumulated Depreciation		$ (5,139)
Date of Construction		2007
Date Acquired		Dec-10
Guest Rooms | Room		98
Hampton Arlington, TX [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Arlington, TX [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Austin, TX [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,579
Initial Cost, Building, FF&E, and Other		18,487
Subsequently Capitalized Building Improvements & FF&E		2,497
Total Gross Cost	[2]	22,563
Accumulated Depreciation		$ (9,157)
Date of Construction		2009
Date Acquired		Nov-10
Guest Rooms | Room		145
Courtyard Austin, TX [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Austin, TX [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Fairfield Austin, TX [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,306
Initial Cost, Building, FF&E, and Other		16,504
Subsequently Capitalized Building Improvements & FF&E		2,316
Total Gross Cost	[2]	20,126
Accumulated Depreciation		$ (8,371)
Date of Construction		2009
Date Acquired		Nov-10
Guest Rooms | Room		150
Fairfield Austin, TX [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Fairfield Austin, TX [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Austin, TX [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,459
Initial Cost, Building, FF&E, and Other		17,184
Subsequently Capitalized Building Improvements & FF&E		5,874
Total Gross Cost	[2]	24,517
Accumulated Depreciation		$ (11,690)
Date of Construction		1996
Date Acquired		Apr-09
Guest Rooms | Room		124
Hampton Austin, TX [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Austin, TX [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Austin, TX [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,898
Initial Cost, Building, FF&E, and Other		16,462
Subsequently Capitalized Building Improvements & FF&E		6,737
Total Gross Cost	[2]	25,097
Accumulated Depreciation		$ (11,936)
Date of Construction		1997
Date Acquired		Apr-09
Guest Rooms | Room		97
Homewood Suites Austin, TX [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Austin, TX [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Denton, TX [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 990
Initial Cost, Building, FF&E, and Other		14,895
Subsequently Capitalized Building Improvements & FF&E		608
Total Gross Cost	[2]	16,493
Accumulated Depreciation		$ (4,892)
Date of Construction		2009
Date Acquired		Sep-16
Guest Rooms | Room		107
Homewood Suites Denton, TX [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Denton, TX [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites El Paso, TX [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,800
Initial Cost, Building, FF&E, and Other		16,657
Subsequently Capitalized Building Improvements & FF&E		2,335
Total Gross Cost	[2]	21,792
Accumulated Depreciation		$ (7,037)
Date of Construction		2008
Date Acquired		Mar-14
Guest Rooms | Room		114
Homewood Suites El Paso, TX [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites El Paso, TX [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Fort Worth, TX [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,313
Initial Cost, Building, FF&E, and Other		15,825
Subsequently Capitalized Building Improvements & FF&E		306
Total Gross Cost	[2]	18,444
Accumulated Depreciation		$ (4,718)
Date of Construction		2017
Date Acquired		Feb-17
Guest Rooms | Room		124
Courtyard Fort Worth, TX [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Fort Worth, TX [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Fort Worth, TX [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 4,637
Initial Cost, Building, FF&E, and Other		25,073
Subsequently Capitalized Building Improvements & FF&E		2,661
Total Gross Cost	[2]	32,371
Accumulated Depreciation		$ (2,746)
Date of Construction		2012
Date Acquired		Nov-21
Guest Rooms | Room		157
Hilton Garden Inn Fort Worth, TX [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Fort Worth, TX [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Fort Worth, TX [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 3,309
Initial Cost, Building, FF&E, and Other		18,397
Subsequently Capitalized Building Improvements & FF&E		649
Total Gross Cost	[2]	22,355
Accumulated Depreciation		$ (1,862)
Date of Construction		2013
Date Acquired		Nov-21
Guest Rooms | Room		112
Homewood Suites Fort Worth, TX [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Fort Worth, TX [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
TownePlace Suites Fort Worth, TX [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,104
Initial Cost, Building, FF&E, and Other		16,311
Subsequently Capitalized Building Improvements & FF&E		2,047
Total Gross Cost	[2]	20,462
Accumulated Depreciation		$ (8,157)
Date of Construction		2010
Date Acquired		Jul-10
Guest Rooms | Room		140
TownePlace Suites Fort Worth, TX [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
TownePlace Suites Fort Worth, TX [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Frisco, TX [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,507
Initial Cost, Building, FF&E, and Other		12,981
Subsequently Capitalized Building Improvements & FF&E		1,811
Total Gross Cost	[2]	17,299
Accumulated Depreciation		$ (7,619)
Date of Construction		2008
Date Acquired		Dec-08
Guest Rooms | Room		102
Hilton Garden Inn Frisco, TX [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Frisco, TX [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Grapevine, TX [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,522
Initial Cost, Building, FF&E, and Other		15,543
Subsequently Capitalized Building Improvements & FF&E		2,230
Total Gross Cost	[2]	19,295
Accumulated Depreciation		$ (8,142)
Date of Construction		2009
Date Acquired		Sep-10
Guest Rooms | Room		110
Hilton Garden Inn Grapevine, TX [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Grapevine, TX [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Houston, TX [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,080
Initial Cost, Building, FF&E, and Other		21,836
Subsequently Capitalized Building Improvements & FF&E		1,476
Total Gross Cost	[2]	25,392
Accumulated Depreciation		$ (6,414)
Date of Construction		2012
Date Acquired		Sep-16
Guest Rooms | Room		124
Courtyard Houston, TX [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Houston, TX [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Marriott Houston, TX [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 4,143
Initial Cost, Building, FF&E, and Other		46,623
Subsequently Capitalized Building Improvements & FF&E	[3]	(19,694)
Total Gross Cost	[2]	31,072
Accumulated Depreciation		$ (19,794)
Date of Construction		2010
Date Acquired		Jan-10
Guest Rooms | Room		206
Marriott Houston, TX [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Marriott Houston, TX [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Houston, TX [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 12,070
Initial Cost, Building, FF&E, and Other		19,769
Subsequently Capitalized Building Improvements & FF&E		3,616
Total Gross Cost	[2]	35,455
Accumulated Depreciation		$ (8,492)
Date of Construction		2006
Date Acquired		Mar-14
Guest Rooms | Room		129
Residence Inn Houston, TX [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Houston, TX [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Houston, TX [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,070
Initial Cost, Building, FF&E, and Other		11,186
Subsequently Capitalized Building Improvements & FF&E		1,739
Total Gross Cost	[2]	14,995
Accumulated Depreciation		$ (3,973)
Date of Construction		2012
Date Acquired		Sep-16
Guest Rooms | Room		120
Residence Inn Houston, TX [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Houston, TX [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Lewisville, TX [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 3,361
Initial Cost, Building, FF&E, and Other		23,919
Subsequently Capitalized Building Improvements & FF&E		4,053
Total Gross Cost	[2]	31,333
Accumulated Depreciation		$ (14,394)
Date of Construction		2007
Date Acquired		Oct-08
Guest Rooms | Room		165
Hilton Garden Inn Lewisville, TX [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Lewisville, TX [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
TownePlace Suites San Antonio, TX [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,220
Initial Cost, Building, FF&E, and Other		9,610
Subsequently Capitalized Building Improvements & FF&E		1,690
Total Gross Cost	[2]	13,520
Accumulated Depreciation		$ (4,447)
Date of Construction		2007
Date Acquired		Mar-14
Guest Rooms | Room		106
TownePlace Suites San Antonio, TX [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
TownePlace Suites San Antonio, TX [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Shenandoah, TX [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 3,350
Initial Cost, Building, FF&E, and Other		17,256
Subsequently Capitalized Building Improvements & FF&E		188
Total Gross Cost	[2]	20,794
Accumulated Depreciation		$ (4,913)
Date of Construction		2014
Date Acquired		Sep-16
Guest Rooms | Room		124
Courtyard Shenandoah, TX [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Shenandoah, TX [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Stafford, TX [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,880
Initial Cost, Building, FF&E, and Other		10,969
Subsequently Capitalized Building Improvements & FF&E		625
Total Gross Cost	[2]	13,474
Accumulated Depreciation		$ (4,664)
Date of Construction		2006
Date Acquired		Mar-14
Guest Rooms | Room		78
Homewood Suites Stafford, TX [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Stafford, TX [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hampton Texarkana, TX [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 636
Initial Cost, Building, FF&E, and Other		8,723
Subsequently Capitalized Building Improvements & FF&E		2,585
Total Gross Cost	[2]	11,944
Accumulated Depreciation		$ (4,976)
Date of Construction		2004
Date Acquired		Jan-11
Guest Rooms | Room		81
Hampton Texarkana, TX [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hampton Texarkana, TX [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Provo, UT [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,150
Initial Cost, Building, FF&E, and Other		18,277
Subsequently Capitalized Building Improvements & FF&E		3,809
Total Gross Cost	[2]	23,236
Accumulated Depreciation		$ (8,607)
Date of Construction		1996
Date Acquired		Mar-14
Guest Rooms | Room		114
Residence Inn Provo, UT [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Provo, UT [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard, Salt Lake City, UT [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,635
Initial Cost, Building, FF&E, and Other		45,851
Subsequently Capitalized Building Improvements & FF&E		70
Total Gross Cost	[2]	48,556
Accumulated Depreciation		$ (1,654)
Date of Construction		2015
Date Acquired		Oct-23
Guest Rooms | Room		175
Courtyard, Salt Lake City, UT [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard, Salt Lake City, UT [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hyatt House Salt Lake City, UT [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 4,312
Initial Cost, Building, FF&E, and Other		39,534
Subsequently Capitalized Building Improvements & FF&E		164
Total Gross Cost	[2]	44,010
Accumulated Depreciation		$ (1,759)
Date of Construction		2015
Date Acquired		Oct-23
Guest Rooms | Room		159
Hyatt House Salt Lake City, UT [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hyatt House Salt Lake City, UT [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Salt Lake City, UT [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,515
Initial Cost, Building, FF&E, and Other		24,214
Subsequently Capitalized Building Improvements & FF&E		1,653
Total Gross Cost	[2]	27,382
Accumulated Depreciation		$ (5,982)
Date of Construction		2014
Date Acquired		Oct-17
Guest Rooms | Room		136
Residence Inn Salt Lake City, UT [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Salt Lake City, UT [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
SpringHill Suites Salt Lake City, UT [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,092
Initial Cost, Building, FF&E, and Other		16,465
Subsequently Capitalized Building Improvements & FF&E		2,237
Total Gross Cost	[2]	19,794
Accumulated Depreciation		$ (8,379)
Date of Construction		2009
Date Acquired		Nov-10
Guest Rooms | Room		143
SpringHill Suites Salt Lake City, UT [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
SpringHill Suites Salt Lake City, UT [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Embassy Suites South Jordan, UT [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,533
Initial Cost, Building, FF&E, and Other		35,490
Subsequently Capitalized Building Improvements & FF&E		39
Total Gross Cost	[2]	37,062
Accumulated Depreciation		$ (1,253)
Date of Construction		2017
Date Acquired		Nov-23
Guest Rooms | Room		192
Embassy Suites South Jordan, UT [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Embassy Suites South Jordan, UT [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Alexandria, VA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 6,860
Initial Cost, Building, FF&E, and Other		19,681
Subsequently Capitalized Building Improvements & FF&E		4,808
Total Gross Cost	[2]	31,349
Accumulated Depreciation		$ (10,050)
Date of Construction		1987
Date Acquired		Mar-14
Guest Rooms | Room		178
Courtyard Alexandria, VA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Alexandria, VA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
SpringHill Suites Alexandria, VA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 5,968
Subsequently Capitalized Building Improvements & FF&E		21,120
Total Gross Cost	[2]	27,088
Accumulated Depreciation		$ (9,729)
Date of Construction		2011
Date Acquired		Mar-09
Guest Rooms | Room		155
SpringHill Suites Alexandria, VA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
SpringHill Suites Alexandria, VA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Charlottesville, VA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 21,130
Initial Cost, Building, FF&E, and Other		27,737
Subsequently Capitalized Building Improvements & FF&E		3,850
Total Gross Cost	[2]	52,717
Accumulated Depreciation		$ (11,103)
Date of Construction		2000
Date Acquired		Mar-14
Guest Rooms | Room		139
Courtyard Charlottesville, VA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Charlottesville, VA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Manassas, VA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 1,395
Initial Cost, Building, FF&E, and Other		14,962
Subsequently Capitalized Building Improvements & FF&E		3,885
Total Gross Cost	[2]	20,242
Accumulated Depreciation		$ (8,023)
Date of Construction		2006
Date Acquired		Feb-11
Guest Rooms | Room		107
Residence Inn Manassas, VA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Manassas, VA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Richmond, VA [Member]
Real Estate Properties [Line Items]
Encumbrances		$ 13,509
Initial Cost, Land	[1]	2,003
Subsequently Capitalized Building Improvements & FF&E		23,618
Total Gross Cost	[2]	25,621
Accumulated Depreciation		$ (8,108)
Date of Construction		2014
Date Acquired		Jul-12
Guest Rooms | Room		135
Courtyard Richmond, VA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Richmond, VA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Marriott Richmond, VA [Member]
Real Estate Properties [Line Items]
Initial Cost, Building, FF&E, and Other		$ 83,698
Subsequently Capitalized Building Improvements & FF&E		26,699
Total Gross Cost	[2]	110,397
Accumulated Depreciation		$ (44,037)
Date of Construction		1984
Date Acquired		Mar-14
Guest Rooms | Room		413
Marriott Richmond, VA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Marriott Richmond, VA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Richmond, VA [Member]
Real Estate Properties [Line Items]
Encumbrances		$ 13,509
Initial Cost, Land	[1]	1,113
Subsequently Capitalized Building Improvements & FF&E		12,883
Total Gross Cost	[2]	13,996
Accumulated Depreciation		$ (4,405)
Date of Construction		2014
Date Acquired		Jul-12
Guest Rooms | Room		75
Residence Inn Richmond, VA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Richmond, VA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Suffolk, VA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 940
Initial Cost, Building, FF&E, and Other		5,186
Subsequently Capitalized Building Improvements & FF&E		1,835
Total Gross Cost	[2]	7,961
Accumulated Depreciation		$ (3,206)
Date of Construction		2007
Date Acquired		Mar-14
Guest Rooms | Room		92
Courtyard Suffolk, VA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Suffolk, VA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
TownePlace Suites Suffolk, VA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 710
Initial Cost, Building, FF&E, and Other		5,241
Subsequently Capitalized Building Improvements & FF&E		1,837
Total Gross Cost	[2]	7,788
Accumulated Depreciation		$ (2,657)
Date of Construction		2007
Date Acquired		Mar-14
Guest Rooms | Room		72
TownePlace Suites Suffolk, VA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
TownePlace Suites Suffolk, VA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Virginia Beach, VA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 10,580
Initial Cost, Building, FF&E, and Other		29,140
Subsequently Capitalized Building Improvements & FF&E		6,304
Total Gross Cost	[2]	46,024
Accumulated Depreciation		$ (12,272)
Date of Construction		1999
Date Acquired		Mar-14
Guest Rooms | Room		141
Courtyard Virginia Beach, VA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Virginia Beach, VA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Virginia Beach, VA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 12,000
Initial Cost, Building, FF&E, and Other		40,556
Subsequently Capitalized Building Improvements & FF&E		8,171
Total Gross Cost	[2]	60,727
Accumulated Depreciation		$ (16,320)
Date of Construction		2002
Date Acquired		Mar-14
Guest Rooms | Room		160
Courtyard Virginia Beach, VA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Virginia Beach, VA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Courtyard Kirkland, WA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 18,950
Initial Cost, Building, FF&E, and Other		25,028
Subsequently Capitalized Building Improvements & FF&E		2,822
Total Gross Cost	[2]	46,800
Accumulated Depreciation		$ (10,014)
Date of Construction		2006
Date Acquired		Mar-14
Guest Rooms | Room		150
Courtyard Kirkland, WA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Courtyard Kirkland, WA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Renton, WA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 6,746
Initial Cost, Building, FF&E, and Other		49,185
Subsequently Capitalized Building Improvements & FF&E		78
Total Gross Cost	[2]	56,009
Accumulated Depreciation		$ (2,013)
Date of Construction		2019
Date Acquired		Oct-23
Guest Rooms | Room		146
Residence Inn Renton, WA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Renton, WA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Residence Inn Seattle, WA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 63,484
Initial Cost, Building, FF&E, and Other		92,786
Subsequently Capitalized Building Improvements & FF&E		6,014
Total Gross Cost	[2]	162,284
Accumulated Depreciation		$ (36,666)
Date of Construction		1991
Date Acquired		Mar-14
Guest Rooms | Room		234
Residence Inn Seattle, WA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Residence Inn Seattle, WA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Homewood Suites Tukwila, WA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 8,130
Initial Cost, Building, FF&E, and Other		16,659
Subsequently Capitalized Building Improvements & FF&E		5,097
Total Gross Cost	[2]	29,886
Accumulated Depreciation		$ (9,703)
Date of Construction		1992
Date Acquired		Mar-14
Guest Rooms | Room		106
Homewood Suites Tukwila, WA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Homewood Suites Tukwila, WA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Embassy Suites Madison, WI [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 3,946
Initial Cost, Building, FF&E, and Other		78,399
Subsequently Capitalized Building Improvements & FF&E		132
Total Gross Cost	[2]	82,477
Accumulated Depreciation		$ (1,771)
Date of Construction		2024
Date Acquired		Jun-24
Guest Rooms | Room		262
Embassy Suites Madison, WI [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Embassy Suites Madison, WI [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Hilton Garden Inn Madison, WI [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 2,593
Initial Cost, Building, FF&E, and Other		47,152
Subsequently Capitalized Building Improvements & FF&E		39
Total Gross Cost	[2]	49,784
Accumulated Depreciation		$ (6,446)
Date of Construction		2021
Date Acquired		Feb-21
Guest Rooms | Room		176
Hilton Garden Inn Madison, WI [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Hilton Garden Inn Madison, WI [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
A C Hotel Washington D.C [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 15,681
Initial Cost, Building, FF&E, and Other		104,953
Subsequently Capitalized Building Improvements & FF&E		106
Total Gross Cost	[2]	120,740
Accumulated Depreciation		$ (2,805)
Date of Construction		2020
Date Acquired		Mar-24
Guest Rooms | Room		234
A C Hotel Washington D.C [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
A C Hotel Washington D.C [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
Corporate Office Richmond, VA [Member]
Real Estate Properties [Line Items]
Initial Cost, Land	[1]	$ 682
Initial Cost, Building, FF&E, and Other		3,723
Subsequently Capitalized Building Improvements & FF&E		2,967
Total Gross Cost	[2]	7,372
Accumulated Depreciation		$ (3,904)
Date of Construction		1893
Date Acquired		May-13
Corporate Office Richmond, VA [Member] | Minimum [Member]
Real Estate Properties [Line Items]
Depreciable Life		3 years
Corporate Office Richmond, VA [Member] | Maximum [Member]
Real Estate Properties [Line Items]
Depreciable Life		39 years
[1] Land is owned fee simple unless cost is $0, which means the property is subject to a ground lease. The aggregate cost for U.S. federal income tax purposes is approximately $ 6.2 billion at December 31, 2024 (unaudited). Amount includes a reduction in cost due to recognition of an impairment loss. In May 2023, the Company entered into an operating lease for an initial 15 -year term with a third-party hotel operator at its independent boutique hotel in New York, New York for all hotel operations of the hotel’s 210 guest rooms .

SCHEDULE III Real Estate and _3

SCHEDULE III Real Estate and Accumulated Depreciation and Amortization - Rollforward of Investment in Real Estate and Accumulated Depreciation and Amortization (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Rollforward Of Investment In Real Estate And Accumulated Depreciation And Amortization [Abstract]
Balance as of January 1		$ 6,338,232	$ 6,000,975	$ 5,886,363
Acquisitions		203,074	293,802	86,467
Improvements		78,262	76,832	61,745
Dispositions		(74,684)	(227)	(7,425)
Assets held for sale	[1]	(1,821)	(27,506)
Impairment of depreciable real estate		(3,055)	(5,644)	(26,175)
Total gross cost as of December 31		6,540,008	6,338,232	6,000,975
Finance ground lease assets as of December 31		102,084	102,084	102,084
Total investment in real estate		6,642,092	6,440,316	6,103,059
Accumulated depreciation as of January 1		(1,647,850)	(1,480,043)	(1,302,246)
Depreciation expense		(187,555)	(180,185)	(178,641)
Accumulated depreciation on dispositions		32,102	155	844
Assets held for sale	[1]	89	12,223
Accumulated depreciation as of December 31		(1,803,214)	(1,647,850)	(1,480,043)
Accumulated amortization of finance leases as of December 31		(18,130)	(15,092)	(12,054)
Accumulated depreciation and amortization as of December 31		$ (1,821,344)	$ (1,662,942)	$ (1,492,097)
[1] As of December 31, 2024 , the Company had two hotels classified as held for sale, which are not included in this schedule. One was sold to an unrelated party in February 2025, while the other is expected to be sold in the first quarter of 2025.

SCHEDULE III Real Estate and _4

SCHEDULE III Real Estate and Accumulated Depreciation and Amortization - Rollforward of Investment in Real Estate and Accumulated Depreciation and Amortization (Parenthetical) (Details) $ in Thousands	1 Months Ended	12 Months Ended
	May 31, 2023 GuestRoom	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
S C H E D U L E I I I Real Estate And Accumulated Depreciation And Amortization Details [Line Items]
Land Ownership Description		Land is owned fee simple unless cost is $0, which means the property is subject to a ground lease.
Outstanding debt		$ 1,476,800	$ 1,378,002
Lessor, lease term of contract	15 years
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Federal Income Tax Basis (in Dollars)		6,200,000
Independent Boutique Hotel, New York [Member]
S C H E D U L E I I I Real Estate And Accumulated Depreciation And Amortization Details [Line Items]
Number of guest rooms under operating lease | GuestRoom	210
Mortgage Debt [Member]
S C H E D U L E I I I Real Estate And Accumulated Depreciation And Amortization Details [Line Items]
Outstanding debt		$ 254,300