v3.25.1
DEBT - Schedule of Outstanding Indebtedness (Details)
3 Months Ended
Mar. 31, 2025
USD ($)
hotel
property
parking_structure
room
Dec. 31, 2024
USD ($)
Feb. 29, 2024
USD ($)
Jun. 30, 2023
USD ($)
Mar. 31, 2022
room
Mar. 31, 2022
hotel
Mar. 31, 2022
parking_structure
Mar. 31, 2022
parkingSpace
Jan. 31, 2021
USD ($)
Oct. 31, 2019
USD ($)
Debt Instrument [Line Items]                    
Number of Encumbered  Properties | property 3                  
Principal Balance Outstanding $ 1,427,359,000 $ 1,408,007,000                
Hotels                    
Debt Instrument [Line Items]                    
Properties | hotel 97                  
Number of units in real estate property | room 14,555                  
Joint Venture with GIC | Hotels | Portfolio Purchase Through Contribution And Purchase Agreement                    
Debt Instrument [Line Items]                    
Number of units in real estate property | parking_structure 2                  
Joint Venture with GIC | Hotels | NCI Transaction | Portfolio Purchase Through Contribution And Purchase Agreement                    
Debt Instrument [Line Items]                    
Properties 15         27        
Number of units in real estate property         3,709   2 1,002    
2018 Senior Credit Facility | Joint Venture with GIC | Hotels | NCI Transaction | Portfolio Purchase Through Contribution And Purchase Agreement                    
Debt Instrument [Line Items]                    
Properties | hotel 25                  
Term Loans                    
Debt Instrument [Line Items]                    
Principal Balance Outstanding $ 200,000,000 200,000,000                
$125 Million Revolving Credit Facility                    
Debt Instrument [Line Items]                    
Interest Rate 0.50%                  
$125 Million Revolving Credit Facility | Revolving Credit Facility                    
Debt Instrument [Line Items]                    
Credit facility, maximum borrowing capacity $ 125,000,000                 $ 125,000,000
$125 Million Term Loan                    
Debt Instrument [Line Items]                    
Debt instrument, face amount $ 125,000,000                 $ 125,000,000
$125 Million Term Loan | Revolving Credit Facility                    
Debt Instrument [Line Items]                    
Interest Rate 0.25%                  
Term Loans with Wells Fargo due June 6, 2028                    
Debt Instrument [Line Items]                    
Number of Encumbered  Properties | property 1                  
PACE Loan | NCI Transaction                    
Debt Instrument [Line Items]                    
Interest Rate 6.10%                  
Principal Balance Outstanding $ 5,775,000                  
Debt instrument, face amount 6,500,000                  
Unsecured debt | 2018 Senior Credit Facility                    
Debt Instrument [Line Items]                    
Principal Balance Outstanding $ 230,000,000 210,000,000                
Credit facility, maximum borrowing capacity       $ 600,000,000            
Number of unencumbered hotel properties | hotel 53                  
Unsecured debt | $400 Million Revolver                    
Debt Instrument [Line Items]                    
Interest Rate 6.37%                  
Principal Balance Outstanding $ 30,000,000 10,000,000                
Credit facility, maximum borrowing capacity $ 400,000,000   $ 400,000,000 400,000,000            
Unsecured debt | $200 Million Term Loan                    
Debt Instrument [Line Items]                    
Interest Rate 6.32%                  
Principal Balance Outstanding $ 200,000,000 200,000,000                
Credit facility, maximum borrowing capacity 200,000,000                  
Debt instrument, face amount       $ 200,000,000            
Unsecured debt | Term Loans                    
Debt Instrument [Line Items]                    
Principal Balance Outstanding $ 0 0                
Unsecured debt | Regions Bank 2024 Term Loan Facility due February 14.2027                    
Debt Instrument [Line Items]                    
Interest Rate 6.12%                  
Principal Balance Outstanding $ 200,000,000 200,000,000                
Unsecured debt | 6.32% Delayed DrawTerm Loan Facility Due March 31, 2028                    
Debt Instrument [Line Items]                    
Interest Rate 6.32%                  
Principal Balance Outstanding $ 0 0                
Unsecured debt | Joint Venture Credit Facility                    
Debt Instrument [Line Items]                    
Number of Encumbered  Properties | property 3                  
Principal Balance Outstanding $ 709,859,000 710,507,000                
Unsecured debt | $125 Million Revolving Credit Facility | Revolving Credit Facility                    
Debt Instrument [Line Items]                    
Interest Rate 6.57%                  
Principal Balance Outstanding $ 125,000,000 125,000,000                
Credit facility, maximum borrowing capacity $ 125,000,000                  
Unsecured debt | $125 Million Term Loan                    
Debt Instrument [Line Items]                    
Interest Rate 6.52%                  
Principal Balance Outstanding $ 125,000,000 125,000,000                
Debt instrument, face amount $ 125,000,000                  
Unsecured debt | Bank of America, N.A, Variable due January 13, 2026                    
Debt Instrument [Line Items]                    
Interest Rate 7.19%                  
Principal Balance Outstanding $ 396,037,000 396,037,000                
Unsecured debt | Term Loans with Wells Fargo due June 6, 2028                    
Debt Instrument [Line Items]                    
Interest Rate 4.99%                  
Principal Balance Outstanding $ 12,457,000 12,526,000                
Unsecured debt | PACE Loan                    
Debt Instrument [Line Items]                    
Interest Rate 6.10%                  
Principal Balance Outstanding   5,884,000                
Unsecured debt | GIC Joint Venture Credit Facility and Term Loans                    
Debt Instrument [Line Items]                    
Number of Encumbered  Properties | property 1                  
Principal Balance Outstanding $ 664,269,000 664,447,000                
Convertible notes                    
Debt Instrument [Line Items]                    
Principal Balance Outstanding $ 287,500,000 287,500,000                
Convertible notes | Convertible Notes                    
Debt Instrument [Line Items]                    
Interest Rate 1.50%               1.50%  
Principal Balance Outstanding $ 287,500,000 287,500,000                
Debt instrument, face amount                 $ 287,500,000  
Loans Payable                    
Debt Instrument [Line Items]                    
Number of Encumbered  Properties | property                  
Principal Balance Outstanding $ 717,500,000 697,500,000                
Mortgage loans                    
Debt Instrument [Line Items]                    
Principal Balance Outstanding $ 63,822,000 64,470,000                
Mortgage loans | City National Bank of Florida, Variable Due June 9, 2025                    
Debt Instrument [Line Items]                    
Interest Rate 7.33%                  
Number of Encumbered  Properties | property 2                  
Principal Balance Outstanding $ 45,590,000 $ 46,060,000