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INVESTMENTS IN LODGING PROPERTY, NET - Schedule of Investment in Lodging Properties (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]      
Investment in hotel properties at cost $ 3,535,942   $ 3,513,347
Less accumulated depreciation and amortization (820,933)   (784,298)
Investments in lodging property, net 2,715,009   2,729,049
Hotels      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Depreciation and amortization 36,600 $ 36,800  
Real estate development loan, net      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Investment in hotel properties at cost 4,309   4,176
Lodging buildings and improvements      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Investment in hotel properties at cost 2,793,479   2,786,223
Land      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Investment in hotel properties at cost 373,039   373,039
Furniture, fixtures and equipment      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Investment in hotel properties at cost 271,533   268,631
Construction in progress      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Investment in hotel properties at cost 53,628   41,324
Intangible assets      
Financing Receivable, Allowance for Credit Loss [Line Items]      
Investment in hotel properties at cost $ 39,954   $ 39,954