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Investments in Hotel Properties, net | 9 Months Ended
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Sep. 30, 2022
Property, Plant and Equipment [Abstract] |
Investments in Hotel Properties, net | Investments in Hotel Properties, net Investments in hotel properties, net consisted of the following (in thousands):
| September 30, 2022 |  | December 31, 2021
Land | $ | 622,759 |  |  | $ | 626,917 |
Buildings and improvements | 3,660,742 |  |  | 3,711,006 |
Furniture, fixtures and equipment | 234,836 |  |  | 298,121 |
Construction in progress | 23,368 |  |  | 16,370 |
Condominium properties | 9,899 |  |  | 10,739 |
Total cost | 4,551,604 |  |  | 4,663,153 |
Accumulated depreciation | (1,437,076) |  |  | (1,432,443) |
Investments in hotel properties, net | $ | 3,114,528 |  |  | $ | 3,230,710 |

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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