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Derivatives - Additional Information (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Jun. 30, 2024
Dec. 31, 2023
Sep. 26, 2023
Derivative [Line Items]                
Derivative notional amount           $ 73,700    
Derivative net liability position $ 30,000   $ 30,000          
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%    
Interest rate caps | Not Designated as Hedging Instrument                
Derivative [Line Items]                
Derivative notional amount 238,535   238,535   $ 238,535      
Interest rate caps and swaps                
Derivative [Line Items]                
Realized (gain) loss on derivative instruments 133 $ 548 402 $ 1,649        
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 $ 500 $ 400 $ 1,600        
Secured Overnight Financing Rate (SOFR)                
Derivative [Line Items]                
Derivative, cap interest rate 4.00% 4.00% 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% 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%