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Property and Equipment
 12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
The components of property and equipment are:
December 31,
(in thousands)20222021
Land and land improvements$37,335 $32,255 
Construction in progress and software under development76,700 66,832 
Computer equipment and software243,436 214,814 
Buildings and leasehold improvements261,669 233,255 
Furniture, fixtures, vehicles and equipment61,489 62,703 
Property and equipment680,629 609,859 
Less: Accumulated depreciation and amortization(253,323)(232,492)
Property and equipment, net$427,306 $377,367 
Unamortized capitalized software development costs at December 31, 2022 and 2021 totaled $58.5 million and $52.0 million, respectively. Amortization of software development costs for the years ended December 31, 2022, 2021 and 2020 totaled $26.6 million, $14.1 million, and $14.6 million, respectively.
Depreciation expense, excluding amounts attributable to marketing and reservation activities, for the years ended December 31, 2022, 2021 and 2020 was $14.5 million, $16.5 million and $16.9 million, respectively.
In the first quarter of 2022, the Company acquired a hotel property through a deed in lieu foreclosure at the fair value of $20.4 million as of the acquisition date of April 14, 2022. In the fourth quarter of 2021, the Company acquired a hotel property through a deed in lieu foreclosure at the fair value of $21.1 million as of the acquisition date of October 1, 2021. The Company acquired owned hotel property and equipment at the fair value of $125.4 million in the acquisition of Radisson Hotels Americas. Refer to Note 24.