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DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING - Schedule of Derivative Financial Instruments (Details)
1 Months Ended
Jul. 26, 2022
USD ($)
arrangment
Apr. 30, 2024
USD ($)
room
Apr. 17, 2024
USD ($)
Mar. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Jun. 30, 2023
USD ($)
Derivative financial instruments and hedging            
Fixed rate debt, percentage       65.00% 66.00%  
Subsequent Event            
Derivative financial instruments and hedging            
Lodging properties | room   2        
Debt paydown   $ 6,000,000        
Wholly Owned Properties and Joint Venture Debt            
Derivative financial instruments and hedging            
Fixed rate debt, percentage       73.00%    
Wholly Owned Properties and Joint Venture Debt | Subsequent Event            
Derivative financial instruments and hedging            
Fixed rate debt, percentage   77.00%        
$400 Million Revolver | Unsecured debt            
Derivative financial instruments and hedging            
Credit facility, maximum borrowing capacity       $ 400,000,000   $ 400,000,000
$400 Million Revolver | Unsecured debt | Subsequent Event            
Derivative financial instruments and hedging            
Extinguishment of debt   $ 55,000,000        
Credit facility, maximum borrowing capacity     $ 400,000,000      
Interest rate swaps            
Derivative financial instruments and hedging            
Number of agreements entered into | arrangment 1          
Interest rate swaps | Regions Bank            
Derivative financial instruments and hedging            
Notional Amount $ 100,000,000       $ 600,000,000  
Designated as hedges            
Derivative financial instruments and hedging            
Notional Amount       400,000,000 400,000,000  
Fair Value       14,926,000 11,454,000  
Designated as hedges | GIC Joint Venture Credit Facility and Term Loans            
Derivative financial instruments and hedging            
Notional Amount       300,000,000 200,000,000  
Fair Value       4,728,000 2,504,000  
Designated as hedges | Interest rate swaps | GIC Joint Venture Credit Facility and Term Loans            
Derivative financial instruments and hedging            
Notional Amount       700,000,000 600,000,000  
Fair Value       $ 19,654,000 13,958,000  
Designated as hedges | Interest Rate Swap Expiring September 30, 2024            
Derivative financial instruments and hedging            
Average Annual Effective Fixed Rate       2.86%    
Notional Amount       $ 75,000,000 75,000,000  
Fair Value       $ 905,000 1,170,000  
Designated as hedges | Interest Rate Swap Expiring December 31, 2025            
Derivative financial instruments and hedging            
Average Annual Effective Fixed Rate       2.92%    
Notional Amount       $ 125,000,000 125,000,000  
Fair Value       $ 3,683,000 2,877,000  
Designated as hedges | Interest Rate Swap Expiring January 31, 2027            
Derivative financial instruments and hedging            
Average Annual Effective Fixed Rate       2.60%    
Notional Amount       $ 100,000,000 100,000,000  
Fair Value       $ 4,328,000 3,134,000  
Designated as hedges | Interest Rate Swap Expiring January 31, 2029            
Derivative financial instruments and hedging            
Average Annual Effective Fixed Rate       2.56%    
Notional Amount       $ 100,000,000 100,000,000  
Fair Value       $ 6,010,000 4,273,000  
Designated as hedges | Interest Rate Swap Expiring January 13, 2026 One | GIC Joint Venture Credit Facility and Term Loans            
Derivative financial instruments and hedging            
Average Annual Effective Fixed Rate       3.35%    
Notional Amount       $ 100,000,000 100,000,000  
Fair Value       $ 2,048,000 1,250,000  
Designated as hedges | Interest Rate Swap Expiring January 13, 2026 Two | GIC Joint Venture Credit Facility and Term Loans            
Derivative financial instruments and hedging            
Average Annual Effective Fixed Rate       3.35%    
Notional Amount       $ 100,000,000 100,000,000  
Fair Value       $ 2,048,000 1,254,000  
Designated as hedges | Interest Rate Swap Expiring January 13, 2026 Three | GIC Joint Venture Credit Facility and Term Loans            
Derivative financial instruments and hedging            
Average Annual Effective Fixed Rate       3.77%    
Notional Amount       $ 100,000,000 0  
Fair Value       $ 632,000 $ 0