INVESTMENTS IN LODGING PROPERTY, NET - Schedule of Investment in Lodging Properties (Details) - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Financing Receivable, Allowance for Credit Loss [Line Items]
Investment in hotel properties at cost	$ 3,674,093	$ 3,651,443
Less accumulated depreciation and amortization	(996,919)	(904,678)
Investments in lodging property, net	2,677,174	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	2,885,139	2,867,256
Land
Financing Receivable, Allowance for Credit Loss [Line Items]
Investment in hotel properties at cost	411,975	415,574
Furniture, fixtures and equipment
Financing Receivable, Allowance for Credit Loss [Line Items]
Investment in hotel properties at cost	304,156	296,476
Construction in progress
Financing Receivable, Allowance for Credit Loss [Line Items]
Investment in hotel properties at cost	35,980	35,294
Intangible assets
Financing Receivable, Allowance for Credit Loss [Line Items]
Investment in hotel properties at cost	$ 32,267	$ 32,267