v3.26.1
DEBT - Schedule of Outstanding Indebtedness (Details)
6 Months Ended
Jun. 30, 2026
hotel
room
Jun. 30, 2026
hotel
Jun. 30, 2026
USD ($)
Jun. 30, 2026
Jun. 30, 2026
property
Jun. 30, 2026
parking_structure
Mar. 31, 2026
hotel
Dec. 31, 2025
USD ($)
May 31, 2025
USD ($)
Mar. 31, 2025
USD ($)
Sep. 30, 2023
USD ($)
Jun. 30, 2023
USD ($)
Mar. 31, 2022
parking_structure
hotel
Jan. 31, 2021
USD ($)
Debt Instrument [Line Items]                            
Number of Encumbered Properties | property         3                  
Principal Balance Outstanding     $ 1,389,084,000         $ 1,404,143,000            
Number of real estate properties | hotel             2              
Hotel                            
Debt Instrument [Line Items]                            
Number of real estate properties | hotel   94                        
Number of units in real estate property | room 14,226                          
Joint Venture with GIC | Hotel | 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 | Hotel | NCI Transaction | Portfolio Purchase Through Contribution and Purchase Agreement                            
Debt Instrument [Line Items]                            
Number of real estate properties   23     15               27  
Number of units in real estate property | parking_structure                         2  
Convertible notes                            
Debt Instrument [Line Items]                            
Principal Balance Outstanding     0         287,500,000            
Loans Payable                            
Debt Instrument [Line Items]                            
Principal Balance Outstanding     680,000,000         687,500,000            
Mortgage loans                            
Debt Instrument [Line Items]                            
Principal Balance Outstanding     75,654,000         75,913,000            
2026 Senior Credit Facility | Unsecured debt                            
Debt Instrument [Line Items]                            
Principal Balance Outstanding     205,000,000         200,000,000            
Credit facility, maximum borrowing capacity     650,000,000                 $ 650,000,000    
Number of unencumbered hotel properties | hotel 52                          
2026 Senior Credit Facility | $400 Million Revolver | Unsecured debt                            
Debt Instrument [Line Items]                            
Interest Rate       5.59%                    
Principal Balance Outstanding     5,000,000         0            
Credit facility, maximum borrowing capacity     400,000,000                      
2026 Senior Credit Facility | $200 Million Term Loan | Unsecured debt                            
Debt Instrument [Line Items]                            
Interest Rate       5.54%                    
Principal Balance Outstanding     200,000,000         200,000,000            
Credit facility, maximum borrowing capacity     200,000,000                      
2026 Senior Credit Facility | $50 Million Delayed Draw Facility | Unsecured debt                            
Debt Instrument [Line Items]                            
Interest Rate       5.54%                    
Principal Balance Outstanding     0         0            
Credit facility, maximum borrowing capacity     50,000,000                      
Debt instrument, face amount     50,000,000                      
Convertible Notes | Convertible notes                            
Debt Instrument [Line Items]                            
Interest Rate       1.50%                   1.50%
Principal Balance Outstanding     0         287,500,000            
Debt instrument, face amount                           $ 287,500,000
Term Loans                            
Debt Instrument [Line Items]                            
Principal Balance Outstanding     475,000,000         200,000,000            
Regions Bank 2024 Term Loan Facility due February 14.2027 | Unsecured debt                            
Debt Instrument [Line Items]                            
Interest Rate       5.74%                    
Principal Balance Outstanding     200,000,000         200,000,000            
5.76% Delayed DrawTerm Loan Facility due March 31, 2028 | Unsecured debt                            
Debt Instrument [Line Items]                            
Interest Rate       5.74%                    
Principal Balance Outstanding     275,000,000         0            
Credit facility, maximum borrowing capacity                   $ 325,000,000        
Debt instrument, face amount                   $ 275,000,000        
Wells Fargo Bank, N.A., Variable due May 15, 2028 | Mortgage loans                            
Debt Instrument [Line Items]                            
Interest Rate       5.92%                    
Number of Encumbered Properties | property         2                  
Principal Balance Outstanding     58,000,000         58,000,000            
Brickell Joint Venture Mortgage Loans | Mortgage loans                            
Debt Instrument [Line Items]                            
Principal Balance Outstanding     58,000,000         58,000,000 $ 58,000,000          
Joint Venture Credit Facility | Unsecured debt                            
Debt Instrument [Line Items]                            
Number of Encumbered Properties | property         3                  
Principal Balance Outstanding     709,084,000         716,643,000            
$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 Revolving Credit Facility | Revolving Credit Facility | Unsecured debt                            
Debt Instrument [Line Items]                            
Interest Rate       5.79%                    
Principal Balance Outstanding     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 | Unsecured debt                            
Debt Instrument [Line Items]                            
Interest Rate       5.74%                    
Principal Balance Outstanding     125,000,000         125,000,000            
$125 Million Term Loan | Revolving Credit Facility                            
Debt Instrument [Line Items]                            
Interest Rate       0.25%                    
Bank of America, N.A, Variable due July 24, 2028 | Unsecured debt                            
Debt Instrument [Line Items]                            
Interest Rate       5.99%                    
Principal Balance Outstanding     383,430,000         390,730,000            
Term Loans with Wells Fargo due June 6, 2028                            
Debt Instrument [Line Items]                            
Number of Encumbered Properties | property         1                  
Term Loans with Wells Fargo due June 6, 2028 | Unsecured debt                            
Debt Instrument [Line Items]                            
Interest Rate       4.99%                    
Principal Balance Outstanding     12,110,000         12,253,000            
PACE Loan | NCI Transaction                            
Debt Instrument [Line Items]                            
Interest Rate       6.10%                    
Principal Balance Outstanding     5,544,000                      
Debt instrument, face amount     6,500,000                      
PACE Loan | Unsecured debt                            
Debt Instrument [Line Items]                            
Interest Rate       6.10%                    
Principal Balance Outstanding               5,660,000            
GIC Joint Venture Credit Facility and Term Loans | Unsecured debt                            
Debt Instrument [Line Items]                            
Number of Encumbered Properties | property         1                  
Principal Balance Outstanding     $ 651,084,000         $ 658,643,000