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Derivatives - Additional Information (Details) - USD ($) | 3 Months Ended | 9 Months Ended |  |  |  |
--- | --- | --- | --- | --- | --- | ---
Sep. 30, 2024 | Sep. 30, 2023 | Sep. 30, 2024 | Sep. 30, 2023 | Jun. 13, 2024 | Dec. 31, 2023 | Sep. 26, 2023 | Jun. 30, 2020
Derivative [Line Items] |  |  |  |  |  |  |  |
Derivative notional amount |  |  |  |  | $ 73,700,000 |  |  |
Derivative net liability position | $ 11,600,000 |  | $ 11,600,000 |  |  |  |  |
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 |  |  |  |  |  |  |  | $ 1,100,000
Realized (gain) loss on derivative instruments - interest rate swap realized |  | $ 0 |  | $ 9,100,000 |  |  |  |
Interest rate caps | Not Designated as Hedging Instrument |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Derivative notional amount | 238,535,000 |  | 238,535,000 |  |  | $ 164,835,000 |  |
Interest rate caps and swaps |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Realized (gain) loss on derivative instruments - interest rate swap realized | 548,000 | $ 0 | 1,649,000 | $ 9,089,000 |  |  |  |
Interest rate caps and swaps | Not Designated as Hedging Instrument |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Derivative notional amount |  |  |  |  |  |  | $ 164,800,000 |
Realized (gain) loss on derivative instruments - interest rate swap realized | $ 500,000 |  | $ 1,600,000 |  |  |  |  |
London Interbank Offered Rate (LIBOR) | Interest rate caps |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |
Cap interest rate |  |  |  |  |  | 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 Derivative, interest rate. + References No definition available. + Details
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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 Cap rate on an interest rate derivative such as an interest rate cap or collar. 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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- Definition The aggregate fair value amounts of derivative instruments that contain credit-risk-related contingent features that are in a net liability position at the end of the reporting period. For nonderivative instruments that are designated and qualify as hedging instruments, the fair value amounts are the carrying value of the nonderivative hedging instrument, including the adjustment for the foreign currency transaction gain (loss) on that instrument. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4H -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4H + Details
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- Definition Nominal or face amount used to calculate payment on derivative. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A + Details
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