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Investment in Hotel Properties | 12 Months Ended
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Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
Investment in Hotel Properties | Investment in Hotel Properties Investment in hotel properties consisted of the following (in thousands):
| December 31, 2024 |  | December 31, 2023
Land and improvements | $ | 1,130,005 |  |  | $ | 998,417 |
Buildings and improvements | 4,210,515 |  |  | 4,117,210 |
Furniture, fixtures and equipment | 852,993 |  |  | 798,410 |
| 6,193,513 |  |  | 5,914,037 |
Accumulated depreciation | (1,942,989) |  |  | (1,777,821) |
Investment in hotel properties, net | $ | 4,250,524 |  |  | $ | 4,136,216 |
For the years ended December 31, 2024, 2023 and 2022, the Company recognized depreciation expense related to its investment in hotel properties of approximately $179.3 million, $179.1 million and $184.4 million, respectively. There were no impairment losses recorded during any of the years ended December 31, 2024, 2023, or 2022.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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