INVESTMENT IN HOTEL PROPERTIES, NET - Schedule of intangible assets and liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Intangible assets:
Intangible assets, gross	$ 22,764	$ 22,764
Less accumulated amortization	(1,206)	(1,001)
Intangible assets, net	21,558	21,763
Intangible liabilities:
Unfavorable leases	5,002	5,002
Less accumulated amortization	(309)	(285)
Intangible liabilities, net	4,693	4,717
Favorable leases
Intangible assets:
Intangible assets, gross	10,569	10,569
In-place lease agreements
Intangible assets:
Intangible assets, gross	1,361	1,361
Air rights
Intangible assets:
Intangible assets, gross	10,754	10,754
Other
Intangible assets:
Intangible assets, gross	$ 80	$ 80