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Investment in Hotel and Other Properties (Tables)
9 Months Ended
Sep. 30, 2014
Property, Plant and Equipment [Abstract]  
Schedule of investment in hotel and other properties
Investment in hotels and other properties as of September 30, 2014 and December 31, 2013 consisted of the following (in thousands):
 
September 30, 2014
 
December 31, 2013
Land and land improvements
$
732,935

 
$
594,402

Buildings and improvements
3,186,738

 
2,866,849

Furniture, fixtures and equipment
538,094

 
485,531

Intangible assets, net
3,045

 
2,507

 
4,460,812

 
3,949,289

Accumulated depreciation and amortization
(756,011
)
 
(708,126
)
Investment in hotels and other properties, net
$
3,704,801

 
$
3,241,163