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INVESTMENT IN HOTEL PROPERTIES - Allocation of aggregate purchase price (Details) - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Allocation of the aggregate purchase prices to the fair value of assets and liabilities acquired    
Land $ 98,639 $ 28,683
Hotel buildings and improvements 447,477 207,433
Intangible assets 16,162 442
Furniture, fixtures and equipment 26,546 8,081
Other assets 2,738 798
Total assets acquired 591,562 245,437
Less other liabilities (2,740) (723)
Net assets acquired $ 588,822 $ 244,714