v3.25.1
Indebtedness, net - Schedule of Indebtedness (Details)
$ in Thousands
3 Months Ended
Mar. 07, 2025
USD ($)
extension
loan
Jan. 14, 2025
USD ($)
extension
Aug. 07, 2024
USD ($)
extension
hotel
Mar. 31, 2025
USD ($)
extension
Mar. 31, 2024
USD ($)
Dec. 31, 2024
USD ($)
Debt Instrument [Line Items]            
Indebtedness, gross       $ 1,220,763   $ 1,222,943
Deferred loan costs, net       (17,316)   (11,985)
Premiums/(discounts), net       (779)   (940)
Indebtedness, net       $ 1,202,668   $ 1,210,018
SOFR rate (as a percent)       4.32%   433.00%
Number of mortgage loans refinanced | loan 2          
Repayments of debt       $ 365,180 $ 0  
Number of collateral properties | hotel     5      
Mortgages | Mortgage Loan Due June 2025            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent)       2.66%    
Indebtedness, gross       $ 0   $ 293,180
Number of extension options | extension       5    
Term of extension options (in years)       1 year    
Mortgages | Mortgage Loan Due January 2026            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent)   3.25%   3.25%    
Indebtedness, gross       $ 43,413   53,413
Number of extension options | extension   1        
Term of extension options (in years)   6 months        
Repayments of debt   $ 10,000        
Mortgages | Mortgage Loan Due February 2027            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent)       2.86%    
Indebtedness, gross       $ 70,500   70,500
Number of extension options | extension       3    
Term of extension options (in years)       1 year    
Mortgages | Mortgage Loan Due March 2026            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent)       4.75%    
Indebtedness, gross       $ 0   62,000
Mortgages | Mortgage Loan Due August 2029            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent)       3.24%    
Indebtedness, gross       $ 407,000   407,000
Number of extension options | extension     3      
Term of extension options (in years)     1 year      
Mortgages | Mortgage Loan Due December 2028            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent)       3.75%    
Indebtedness, gross       $ 140,000   140,000
Number of extension options | extension       2    
Term of extension options (in years)       1 year    
SOFR floor (as a percent)       0.0100    
Mortgages | Mortgage Loan Due December 2028 #2            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent)       3.75%    
Indebtedness, gross       $ 110,600   110,600
Number of extension options | extension       2    
Term of extension options (in years)       1 year    
SOFR floor (as a percent)       0.0200    
Mortgages | Mortgage Loan Due March 2030            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent)       2.52%    
Indebtedness, gross       $ 363,000   0
Mortgages | CMBS Tranche            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent)     5.20%      
Indebtedness, gross     $ 42,200      
Mortgages | Refinanced Mortgage            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percent) 2.52%          
Indebtedness, gross $ 363,000          
Number of extension options | extension 3          
Term of extension options (in years) 1 year          
Debt term 2 years          
Convertible Senior Notes | Convertible senior notes            
Debt Instrument [Line Items]            
Interest rate (as a percent)       4.50%    
Indebtedness, gross       $ 86,250   $ 86,250