INVESTMENT IN HOTEL PROPERTIES, NET - Schedule of investment in hotel properties (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Investment in Hotel Properties
Investment in hotel properties, at cost	$ 2,588,704	$ 2,568,219
Less - accumulated depreciation and amortization	(463,258)	(383,987)
Investment in hotel properties, net	2,125,446	2,184,232
Real estate development loan
Investment in Hotel Properties
Investment in hotel properties, at cost	12,495	5,485
Hotel buildings and improvements
Investment in Hotel Properties
Investment in hotel properties, at cost	2,062,345	2,049,384
Land
Investment in Hotel Properties
Investment in hotel properties, at cost	319,603	319,603
Furniture, fixtures and equipment
Investment in Hotel Properties
Investment in hotel properties, at cost	176,058	173,128
Construction in progress
Investment in Hotel Properties
Investment in hotel properties, at cost	6,972	9,388
Intangible assets
Investment in Hotel Properties
Investment in hotel properties, at cost	$ 11,231	$ 11,231