v3.25.1
INVESTMENTS IN LODGING PROPERTY, NET - Schedule of Intangible Assets, Net (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract]    
Indefinite-lived intangible assets: $ 10,834 $ 10,834
Finite-lived intangible assets: 21,433 21,433
Intangible assets 32,267 32,267
Less - accumulated amortization (6,082) (5,691)
Intangible assets, net 26,185 26,576
Tax incentives    
Intangible Assets, Net (Excluding Goodwill) [Abstract]    
Finite-lived intangible assets: 12,063 12,063
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