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Investment in Hotel Properties - Schedule of Investment in Hotel Properties (Details) - USD ($) $ in Thousands | Jun. 30, 2025 | Dec. 31, 2024
--- | --- | ---
Investment in hotel properties |  |
Land | $ 800,517 | $ 800,143
Buildings and improvements | 5,101,506 | 5,062,727
Furniture, fixtures and equipment | 550,096 | 539,616
Finance lease asset | 91,181 | 91,181
Construction in progress | 5,396 | 5,066
Investment in hotel properties, before right-of-use asset, operating leases | 6,548,696 | 6,498,733
Operating lease, right-of-use asset | $ 346,348 | $ 351,150
Operating lease, right-of-use asset, statement of financial position [extensible enumeration] | Investment in hotel properties, net | Investment in hotel properties, net
Investment in hotel properties | $ 6,895,044 | $ 6,849,883
Less: Accumulated depreciation | (1,645,559) | (1,530,854)
Investment in hotel properties, net | $ 5,249,485 | $ 5,319,029

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