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INVESTMENTS IN LODGING PROPERTY, NET - Schedule of Investment in Lodging Properties (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]          
Investment in hotel properties at cost $ 3,559,267   $ 3,559,267   $ 3,513,347
Less accumulated depreciation and amortization (857,229)   (857,229)   (784,298)
Investments in lodging property, net 2,702,038   2,702,038   2,729,049
Hotels          
Financing Receivable, Allowance for Credit Loss [Line Items]          
Depreciation and amortization 36,300 $ 37,400 72,900 $ 74,100  
Real estate development loan, net          
Financing Receivable, Allowance for Credit Loss [Line Items]          
Investment in hotel properties at cost 4,442   4,442   4,176
Lodging buildings and improvements          
Financing Receivable, Allowance for Credit Loss [Line Items]          
Investment in hotel properties at cost 2,806,950   2,806,950   2,786,223
Land          
Financing Receivable, Allowance for Credit Loss [Line Items]          
Investment in hotel properties at cost 373,039   373,039   373,039
Furniture, fixtures and equipment          
Financing Receivable, Allowance for Credit Loss [Line Items]          
Investment in hotel properties at cost 275,917   275,917   268,631
Construction in progress          
Financing Receivable, Allowance for Credit Loss [Line Items]          
Investment in hotel properties at cost 58,965   58,965   41,324
Intangible assets          
Financing Receivable, Allowance for Credit Loss [Line Items]          
Investment in hotel properties at cost $ 39,954   $ 39,954   $ 39,954