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Investment in Hotel Properties (Details) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Investments Schedule [Abstract]    
Land and improvements $ 274,554 $ 274,554
Building and improvements 1,048,398 1,045,880
Furniture, fixtures and equipment 50,803 50,495
Renovations in progress 12,348 10,067
Investment in hotel properties, at cost 1,386,103 1,380,996
Less: accumulated depreciation (159,839) (147,902)
Investment in hotel properties, net $ 1,226,264 $ 1,233,094