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Investment in Hotel Properties (Tables)
 9 Months Ended
Sep. 30, 2016
Property, Plant and Equipment [Abstract]  
Schedule of investment in hotel properties
Investment in hotel properties consisted of the following (in thousands):
 
September 30, 2016
 
December 31, 2015
Land and improvements
$
736,600

 
$
736,709

Buildings and improvements
3,226,780

 
3,205,704

Furniture, fixtures and equipment
594,981

 
571,118

Intangible assets
2,507

 
2,507

 
4,560,868

 
4,516,038

Accumulated depreciation and amortization
(961,050
)
 
(841,039
)
Investment in hotel properties, net
$
3,599,818

 
$
3,674,999