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FAIR VALUE MEASUREMENTS AND DERIVATIVE INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of fair value of interest rate swaps and caps The table on the following page presents our derivative instruments as of June 30, 2022 and December 31, 2021.
     Estimated Fair Value
      (Liability) Asset Balance
Hedged DebtTypeStrike RateIndexEffective DateDerivative Contract Maturity DateNotional AmountJune 30, 2022December 31, 2021
Term Loan Instruments:        
Credit FacilitySwap1.824 %
1-Month LIBOR + 2.20%
September 3, 2019August 10, 2022103,500 $(12)$(970)
Credit FacilitySwap1.824 %
1-Month LIBOR + 2.20%
September 3, 2019August 10, 2022103,500 (12)(970)
Credit FacilitySwap1.460 %
1-Month LIBOR + 2.00%
September 10, 2019September 10, 2024300,000 10,225 (3,729)
        
Mortgages:        
Hyatt, Union Square, New York, NYSwap1.870 %
1-Month LIBOR + 2.30%
June 7, 2019June 7, 202356,000 637 (987)
Hilton Garden Inn Tribeca, New York, NYSwap1.768 %
1-Month LIBOR + 2.25%
July 25, 2019July 25, 202422,725 605 (460)
Hilton Garden Inn Tribeca, New York, NYSwap1.768 %
1-Month LIBOR + 2.25%
July 25, 2019July 25, 202422,725 604 (460)
Hilton Garden Inn 52nd Street, New York, NYSwap1.540 %
1-Month LIBOR + 2.30%
December 4, 2019December 4, 202244,325 194 (458)
Courtyard, LA Westside, Culver City, CA Cap2.500 %1-Month LIBORAugust 1, 2021August 1, 202435,000 659 92 
     $12,900 $(7,942)