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FAIR VALUE MEASUREMENTS AND DERIVATIVE INSTRUMENTS (Tables)
 3 Months Ended
Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Interest Rate Swaps and Caps The following table presents our derivative instruments as of March 31, 2023 and December 31, 2022:
    Estimated Fair Value
      Asset Balance
Hedged DebtTypeStrike RateIndexEffective DateDerivative Contract Maturity DateNotional AmountMarch 31, 2023December 31, 2022
Term Loan Instruments:        
Credit FacilitySwap1.341 %
1-Month SOFR + 2.50%
August 30, 2022September 10, 2024270,000 $11,314 $14,123 
Credit FacilitySwap1.279 %
1-Month SOFR + 2.50%
September 6, 2022August 4, 202430,000 1,222 1,533 
        
Mortgages:        
Hyatt, Union Square, New York, NYSwap1.870 %
1-Month LIBOR + 2.30%
June 7, 2019June 7, 202356,000 318 699 
Hilton Garden Inn Tribeca, New York, NYSwap1.768 %
1-Month LIBOR + 2.25%
July 25, 2019July 25, 202422,725 802 1,007 
Hilton Garden Inn Tribeca, New York, NYSwap1.768 %
1-Month LIBOR + 2.25%
July 25, 2019July 25, 202422,725 802 1,007 
Hilton Garden Inn 52nd Street, New York, NYCap4.000 %1-Month LIBORDecember 4, 2022December 1, 202344,325 272 340 
     $14,730 $18,709