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Derivatives - Additional Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |  |  |  |
--- | --- | --- | --- | --- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Jun. 13, 2024 | Dec. 31, 2023 | Sep. 26, 2023 | Jun. 30, 2020
Derivative [Line Items] |  |  |  |  |  |  |  |
Derivative notional amount |  |  |  |  | $ 73,700 |  |  |
Maximum | Construction Financing |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Derivative, interest rate |  |  |  |  |  | 6.55% |  |
Maximum | Hotel - Washington D.C. | Construction Financing |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Derivative, interest rate |  |  |  |  | 9.00% |  |  |
Secured Debt |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Effective interest rate |  |  |  |  |  |  |  | 3.50%
Interest rate caps |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Derivative notional amount |  |  |  |  |  |  |  | $ 1,100
Realized (gain) loss on derivative instruments - interest rate swap realized |  | $ 4,400 |  | $ 9,100 |  |  |  |
Interest rate caps | Not Designated as Hedging Instrument |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Derivative notional amount | $ 238,535 |  | $ 238,535 |  |  | $ 164,835 |  |
Interest rate caps and swaps |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Realized (gain) loss on derivative instruments - interest rate swap realized | 551 | $ 4,383 | 1,101 | $ 9,089 |  |  |  |
Interest rate caps and swaps | Not Designated as Hedging Instrument |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Derivative notional amount |  |  |  |  |  |  | $ 164,800 |
Realized (gain) loss on derivative instruments - interest rate swap realized | $ 600 |  | $ 1,100 |  |  |  |  |
London Interbank Offered Rate (LIBOR) | Interest rate caps |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Cap interest rate |  | 0.75% |  | 0.75% |  |  |  | 0.75%
Secured Overnight Financing Rate (SOFR) |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Derivative, cap interest rate | 4.00% |  | 4.00% |  |  | 4.00% |  |
Secured Overnight Financing Rate (SOFR) | Hotel - Washington D.C. |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Derivative, cap interest rate | 6.00% |  | 6.00% |  |  |  |  |
Secured Overnight Financing Rate (SOFR) | Interest rate caps | Hotel - Washington D.C. |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Derivative, cap interest rate |  |  |  |  | 6.00% |  |  |

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- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482949/835-30-55-8 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(a)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482900/835-30-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481139/470-20-50-6 + Details
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- Definition Average cap rate on a group of interest rate derivatives, such as interest rate caps or collars. If market rates exceed the cap rate, a payment or receipt is triggered on the contract. + References No definition available. + Details
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480237/815-40-50-5 + Details
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