INVESTMENT IN HOTEL PROPERTIES, NET - Schedule of investment in hotel properties (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Line Items]
Investment in hotel properties, at cost	$ 2,602,122	$ 2,596,582
Less - accumulated depreciation and amortization	(517,838)	(490,636)
Investment in hotel properties, net	2,084,284	2,105,946
Real estate development loan
Financing Receivable, Allowance for Credit Loss [Line Items]
Investment in hotel properties, at cost	19,429	16,508
Hotel buildings and improvements
Financing Receivable, Allowance for Credit Loss [Line Items]
Investment in hotel properties, at cost	2,068,117	2,066,986
Land
Financing Receivable, Allowance for Credit Loss [Line Items]
Investment in hotel properties, at cost	319,603	319,603
Furniture, fixtures and equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Investment in hotel properties, at cost	173,861	173,351
Construction in progress
Financing Receivable, Allowance for Credit Loss [Line Items]
Investment in hotel properties, at cost	9,881	8,903
Intangible assets
Financing Receivable, Allowance for Credit Loss [Line Items]
Investment in hotel properties, at cost	$ 11,231	$ 11,231