INVESTMENTS IN LODGING PROPERTY, NET - Schedule of Investment in Lodging Properties (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Financing Receivable, Allowance for Credit Loss [Line Items]
Investment in hotel properties at cost	$ 3,697,371	$ 3,651,443
Less accumulated depreciation and amortization	(974,912)	(904,678)
Investments in lodging property, net	2,722,459	2,746,765
Real estate development loan
Financing Receivable, Allowance for Credit Loss [Line Items]
Investment in hotel properties at cost	4,576	4,576
Lodging buildings and improvements
Financing Receivable, Allowance for Credit Loss [Line Items]
Investment in hotel properties at cost	2,898,939	2,867,256
Land
Financing Receivable, Allowance for Credit Loss [Line Items]
Investment in hotel properties at cost	416,200	415,574
Furniture, fixtures and equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Investment in hotel properties at cost	302,061	296,476
Construction in progress
Financing Receivable, Allowance for Credit Loss [Line Items]
Investment in hotel properties at cost	43,328	35,294
Intangible assets
Financing Receivable, Allowance for Credit Loss [Line Items]
Investment in hotel properties at cost	$ 32,267	$ 32,267