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Investment in Hotel Properties (Tables) | 12 Months Ended
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Dec. 31, 2024
Real Estate [Abstract] |
Schedule of Investment in Hotel Properties | Investment in hotel properties as of December 31, 2024 and 2023 consisted of the following (in thousands):
| December 31, 2024 |  | December 31, 2023
Land | $ | 800,143 |  |  | $ | 810,633 |
Buildings and improvements | 5,062,727 |  |  | 5,005,894 |
Furniture, fixtures and equipment | 539,616 |  |  | 511,451 |
Finance lease asset | 91,181 |  |  | 91,181 |
Construction in progress | 5,066 |  |  | 27,123 |
| $ | 6,498,733 |  |  | $ | 6,446,282 |
Right-of-use asset, operating leases | 351,150 |  |  | 360,761 |
Investment in hotel properties | $ | 6,849,883 |  |  | $ | 6,807,043 |
Less: Accumulated depreciation | (1,530,854) |  |  | (1,316,267) |
Investment in hotel properties, net | $ | 5,319,029 |  |  | $ | 5,490,776 |

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- Definition 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. + References No definition available. + Details
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