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INVESTMENTS IN LODGING PROPERTY, NET - Schedule of Investments in Lodging Property, net (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Jan. 31, 2023
Dec. 31, 2019
Investment in Hotel Properties, net          
Investment in hotel properties at cost $ 3,513,347 $ 3,546,054      
Less - accumulated depreciation and amortization (784,298) (704,198)      
Investment in hotel properties, net 2,729,049 2,841,856      
Hotels          
Investment in Hotel Properties, net          
Depreciation and amortization 150,300 149,500 $ 105,500    
Real estate development loan          
Investment in Hotel Properties, net          
Investment in hotel properties at cost 4,176 0      
Mezzanine Loans          
Investment in Hotel Properties, net          
Loans funded amount         $ 29,900
Mezzanine Loans | Affiliated Entity          
Investment in Hotel Properties, net          
Loans funded amount       $ 4,600  
Land          
Investment in Hotel Properties, net          
Investment in hotel properties at cost 373,039 373,106      
Lodging buildings and improvements          
Investment in Hotel Properties, net          
Investment in hotel properties at cost 2,786,223 2,815,993      
Intangible assets          
Investment in Hotel Properties, net          
Investment in hotel properties at cost 39,954 39,954      
Construction in progress          
Investment in Hotel Properties, net          
Investment in hotel properties at cost 41,324 64,159      
Furniture, fixtures and equipment          
Investment in Hotel Properties, net          
Investment in hotel properties at cost $ 268,631 $ 252,842