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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%