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Debt - Schedule of Mortgage Debt Obligations (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Debt Instrument [Line Items]    
Outstanding Balance $ 1,542,455 $ 1,378,002
Unamortized fair value adjustment of assumed debt 359  
Unamortized debt issuance costs (5,923)  
Total $ 277,991 282,590
Homewood Suites New Orleans, LA [Member]    
Debt Instrument [Line Items]    
Interest Rate [1] 4.36%  
Loan Assumption or Origination Date Jul. 17, 2014  
Maturity Date [2] Aug. 11, 2024  
Note payable, principal assumed or originated $ 27,000  
Outstanding Balance $ 19,862 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 Apr. 11, 2025  
Note payable, principal assumed or originated $ 10,000  
Outstanding Balance $ 7,554 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 Jun. 11, 2025  
Note payable, principal assumed or originated $ 34,118  
Outstanding Balance $ 26,789 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 Oct. 01, 2025  
Note payable, principal assumed or originated $ 13,655  
Outstanding Balance $ 11,546 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 Oct. 01, 2025  
Note payable, principal assumed or originated $ 22,681  
Outstanding Balance $ 19,177 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 $ 20,424 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 $ 20,116 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 $ 20,044 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 $ 14,921 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 $ 23,815 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 $ 12,991 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 $ 13,672 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 $ 13,672 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 23,372 23,984
Aggregate Properties [Member]    
Debt Instrument [Line Items]    
Note payable, principal assumed or originated 338,854  
Outstanding Balance 278,455 283,002
Unamortized fair value adjustment of assumed debt 359 526
Unamortized debt issuance costs $ (823) $ (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.
[2] 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.