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Investments in Hotel Properties, net
 12 Months Ended
Dec. 31, 2024
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):
December 31, 2024December 31, 2023
Land$437,567 $605,509 
Buildings and improvements2,700,234 3,331,645 
Furniture, fixtures and equipment171,762 175,991 
Construction in progress23,254 114,850 
Hilton Marietta finance lease17,269 17,269 
Total cost3,350,086 4,245,264 
Accumulated depreciation(1,030,879)(1,293,332)
Investments in hotel properties, net$2,319,207 $2,951,932 
For the years ended December 31, 2024, 2023 and 2022, we recognized depreciation expense of $152.5 million, $187.4 million and $201.4 million, respectively.