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Derivatives - Additional Information (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Jun. 30, 2024
Dec. 31, 2023
Sep. 26, 2023
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%    
Interest rate caps | Not Designated as Hedging Instrument            
Derivative [Line Items]            
Derivative notional amount $ 238,535   $ 238,535      
Interest rate caps and swaps            
Derivative [Line Items]            
Realized (gain) loss on derivative instruments 132 $ 550        
Interest rate caps and swaps | Not Designated as Hedging Instrument            
Derivative [Line Items]            
Derivative notional amount           $ 164,800
Realized (gain) loss on derivative instruments $ 100 $ 600        
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%          
Secured Overnight Financing Rate (SOFR) | Interest rate caps | Hotel - Washington D.C.            
Derivative [Line Items]            
Derivative, cap interest rate       6.00%