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Investments in Hotel Properties, net | 6 Months Ended
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Jun. 30, 2025
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):
| June 30, 2025 |  | December 31, 2024
Land | $ | 434,027 |  |  | $ | 437,567 |
Buildings and improvements | 2,628,704 |  |  | 2,700,234 |
Furniture, fixtures and equipment | 178,267 |  |  | 171,762 |
Construction in progress | 15,170 |  |  | 23,254 |
Hilton Marietta finance lease | 17,269 |  |  | 17,269 |
Total cost | 3,273,437 |  |  | 3,350,086 |
Accumulated depreciation | (1,029,900) |  |  | (1,030,879) |
Investments in hotel properties, net | $ | 2,243,537 |  |  | $ | 2,319,207 |

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