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Investments in Hotel Properties, net (Tables)
3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Schedule of Investments in Hotel Properties, net
Investments in hotel properties, net consisted of the following (in thousands):
March 31, 2024December 31, 2023
Land$484,723 $605,509 
Buildings and improvements2,887,537 3,331,645 
Furniture, fixtures and equipment161,470 175,991 
Construction in progress114,760 114,850 
Hilton Marietta finance lease17,269 17,269 
Total cost3,665,759 4,245,264 
Accumulated depreciation(1,127,289)(1,293,332)
Investments in hotel properties, net$2,538,470 $2,951,932