Investments in Hotel Properties, net (Tables)

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Schedule of Investments in Hotel Properties, net

Investments in hotel properties, net consisted of the following (in thousands):


	December 31, 2022		December 31, 2021
Land	$	622,759	$	626,917
Buildings and improvements	3,650,464		3,711,006
Furniture, fixtures and equipment	222,665		298,121
Construction in progress	21,609		16,370
Condominium properties	9,889		10,739
Hilton Marietta finance lease	18,998		—
Total cost	4,546,384		4,663,153
Accumulated depreciation	(1,428,053)		(1,432,443)
Investments in hotel properties, net	$	3,118,331	$	3,230,710

Asset Acquisition

The following table summarizes the assets and liabilities included in Marietta Leasehold LP (in thousands):


Finance lease asset	$	18,998
Cash and cash equivalents	1,282
Restricted cash	800
Inventories	48
Prepaid expenses	221
Other assets	1
Finance lease liability	(18,847)
Due to related parties, net	(10)
Accounts payable and accrued expenses	(2,321)

Asset Acquisition, Pro Forma Information

The table below summarizes the total revenue and net income (loss) in our condensed consolidated statements of operations for the year ended December 31, 2022:


	Year ended December 31, 2022
Total revenue	$	338
Net income (loss)	$	30