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Investment in Hotel Properties (Tables)

9 Months Ended

Sep. 30, 2024

Real Estate [Abstract]

Schedule of Investment in Hotel Properties

Investment in hotel properties as of September 30, 2024 and December 31, 2023 consisted of the following (in thousands):

			September 30, 2024						December 31, 2023
Land			$	810,951					$	810,633
Buildings and improvements			5,075,632						5,005,894
Furniture, fixtures and equipment			531,877						511,451
Finance lease asset			91,181						91,181
Construction in progress			15,826						27,123
			$	6,525,467					$	6,446,282
Right-of-use asset, operating leases			353,552						360,761
Investment in hotel properties			$	6,879,019					$	6,807,043
Less: Accumulated depreciation			(1,478,579)						(1,316,267)
Investment in hotel properties, net			$	5,400,440					$	5,490,776

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Tabular disclosure of nonconsolidated investments in real estate including interests in corporations, partnerships and joint ventures. Disclosures may include summarized aggregate financial statements for the real estate investments.

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