XML 61 R48.htm IDEA: XBRL DOCUMENT v3.25.3
Indebtedness, net - Schedule of Indebtedness, Net (Details)
$ in Thousands
 9 Months Ended 12 Months Ended
Aug. 15, 2025
USD ($)
extension
Aug. 07, 2025
USD ($)
Mar. 07, 2025
USD ($)
extension
loan
Jan. 14, 2025
USD ($)
extension
Sep. 30, 2025
USD ($)
extension
hotel
Sep. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
Apr. 04, 2025
USD ($)
a
Debt Instrument [Line Items]                
Indebtedness, gross         $ 1,177,753   $ 1,222,943  
Deferred loan costs, net         (12,631)   (11,985)  
Premiums/(discounts), net         (451)   (940)  
Indebtedness, net         $ 1,164,671   $ 1,210,018  
SOFR rate (as percent)         4.13%   4.33%  
Number of mortgage loans refinanced | loan     2          
Repayments of debt         $ 453,550 $ 184,100    
Number of collateral properties | hotel         5      
Mortgage Loan Due June 2025 | Mortgages                
Debt Instrument [Line Items]                
Basis spread on variable rate (as percent)         2.66%      
Indebtedness, gross         $ 0   $ 293,180  
Number of extension options | extension         5      
Term of extension options (in years)         1 year      
Mortgage Loan Due February 2027 | Mortgages                
Debt Instrument [Line Items]                
Basis spread on variable rate (as percent)         2.86%      
Indebtedness, gross         $ 70,500   70,500  
Number of extension options | extension         3      
Term of extension options (in years)         1 year      
Mortgage Loan Due March 2026 | Mortgages                
Debt Instrument [Line Items]                
Basis spread on variable rate (as percent)         4.75%      
Indebtedness, gross         $ 0   62,000  
Term loan | Term Loan                
Debt Instrument [Line Items]                
Indebtedness, gross         $ 5,360   0 $ 5,400
Area of land (in acres) | a               8
Floor rate (as percent)               0.0499
Convertible Senior Notes | Convertible Senior Notes                
Debt Instrument [Line Items]                
Interest rate (as percent)         4.50%      
Indebtedness, gross         $ 86,250   86,250  
Mortgage Loan Due July 2026 | Mortgages                
Debt Instrument [Line Items]                
Basis spread on variable rate (as percent)       3.25% 3.25%      
Indebtedness, gross         $ 43,413   53,413  
Number of extension options | extension       1        
Term of extension options (in years)       6 months        
Repayments of debt       $ 10,000        
Mortgage Loan Due August 2029 | Mortgages                
Debt Instrument [Line Items]                
Basis spread on variable rate (as percent)         3.24%      
Indebtedness, gross         $ 407,000   407,000  
Number of extension options | extension         3      
Term of extension options (in years)         1 year      
Mortgage Loan Due December 2028, 2 | Mortgages                
Debt Instrument [Line Items]                
Basis spread on variable rate (as percent)         3.75%      
Indebtedness, gross         $ 110,600   110,600  
Number of extension options | extension 2       2      
Term of extension options (in years) 1 year       1 year      
SOFR floor (as percent)         0.0200      
Mortgage Loan Due March 2030 | Mortgages                
Debt Instrument [Line Items]                
Basis spread on variable rate (as percent)         2.57%      
Indebtedness, gross         $ 274,630   0  
Repayments of mortgage loan   $ 88,400            
Mortgage Loan Due December 2028 | Mortgages                
Debt Instrument [Line Items]                
Basis spread on variable rate (as percent) 3.00%       3.00%      
Indebtedness, gross $ 180,000       $ 180,000   $ 140,000  
Refinanced Mortgage | Mortgages                
Debt Instrument [Line Items]                
Basis spread on variable rate (as percent)     2.57%          
Indebtedness, gross     $ 363,000          
Number of extension options | extension     3          
Term of extension options (in years)     1 year          
Debt term (in years)     2 years          
CMBS Tranche | Mortgages                
Debt Instrument [Line Items]                
Basis spread on variable rate (as percent)         5.20%   5.20%  
Indebtedness, gross         $ 17,200   $ 42,200