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Investment in Hotel Properties - Schedule of Investments in Hotel Properties (Details) - USD ($) $ in Thousands | Dec. 31, 2024 | Dec. 31, 2023
--- | --- | ---
Investments, All Other Investments [Abstract] |  |
Land and improvements | $ 280,415 | $ 289,671
Building and improvements | 1,232,438 | 1,274,970
Furniture, fixtures and equipment | 107,947 | 108,222
Finance lease assets | 43,760 | 0
Renovations in progress | 17,232 | 15,138
Investment in hotel properties, at cost | 1,681,792 | 1,688,001
Less accumulated depreciation and amortization | (484,274) | (460,368)
Investment in hotel properties, net | $ 1,197,518 | $ 1,227,633

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