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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2024
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
Hotel Property Disposition

In October 2024, we completed the sale of the 101-guestroom Four Points by Marriott San Francisco Airport hotel for $17.7 million, which resulted in a gain of approximately $0.4 million (see Note 3 - Investments in Lodging Property, net).

Dividends
 
On October 24, 2024, our Board of Directors declared quarterly cash dividends and distributions of $0.08 per share on our Common Stock and per Common Unit of the Operating Partnership and cash dividends of $0.390625 per share of 6.25% Series E Preferred Stock and $0.3671875 per share of 5.875% Series F Preferred Stock. The Board of Directors also declared on behalf of the Operating Partnership, a cash distribution of $0.328125 per share of the Operating Partnership's unregistered 5.25% Series Z Cumulative Perpetual Preferred Units. The dividends and distributions are payable on November 29, 2024 to holders of record as of November 15, 2024.