BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2024

Accounting Policies [Abstract]

Schedule of Estimated Useful Lives of Hotel Properties and Related Assets

We generally depreciate our lodging properties and related assets using the straight-line method over their estimated useful lives as follows:

Classification	Estimated Useful Lives
Buildings and improvements	6 to 40 years
Furniture, fixtures and equipment	2 to 15 years

Investments in lodging property, net is as follows (in thousands):

	September 30, 2024		December 31, 2023
Lodging buildings and improvements	$	2,800,853	$	2,798,667
Land	374,213		375,413
Furniture, fixtures and equipment	281,758		269,682
Construction in progress	52,536		41,359
Intangible assets	32,267		39,954
Real estate development loan, net	4,576		4,176
	3,546,203		3,529,251
Less accumulated depreciation and amortization	(876,725)		(792,276)
	$	2,669,478	$	2,736,975