INVESTMENTS IN LODGING PROPERTY, NET - Schedule of Intangible Assets, Net (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
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Indefinite-lived intangible assets	$ 10,834		$ 10,834		$ 10,834
Finite-lived intangible assets	29,120		29,120		29,120
Intangible assets	39,954		39,954		39,954
Less - accumulated amortization	(11,315)		(11,315)		(9,251)
Intangible assets, net	28,639		28,639		30,703
Amortization expenses	1,000	$ 1,000	2,100	$ 2,100
Tax incentives
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Finite-lived intangible assets	19,750		19,750		19,750
Key money
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Finite-lived intangible assets	9,370		9,370		9,370
Air rights
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Indefinite-lived intangible assets	10,754		10,754		10,754
Other
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Indefinite-lived intangible assets	$ 80		$ 80		$ 80