INVESTMENTS IN LODGING PROPERTY, NET - Schedule of Intangible Assets, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Indefinite-lived intangible assets	$ 10,834	$ 10,834
Finite-lived intangible assets	21,433	29,120
Intangible assets	32,267	39,954
Less - accumulated amortization	(5,300)	(9,251)
Intangible assets, net	26,967	30,703
Tax incentives
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Finite-lived intangible assets	12,063	19,750
Key money
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Finite-lived intangible assets	9,370	9,370
Air rights
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Indefinite-lived intangible assets	10,754	10,754
Other
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Indefinite-lived intangible assets	$ 80	$ 80