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Investment in Hotel Properties (Tables) | 6 Months Ended
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Jun. 30, 2018
Investments Schedule [Abstract] |
Investment in Hotel Properties | Investment in hotel properties as of June 30, 2018 and December 31, 2017 consisted of the following (in thousands):
| June 30, 2018 |  | December 31, 2017
Land and improvements | $ | 291,053 |  |  | $ | 291,054 |
Building and improvements | 1,146,714 |  |  | 1,140,477 |
Furniture, fixtures and equipment | 65,780 |  |  | 63,443 |
Renovations in progress | 16,998 |  |  | 13,262 |
| 1,520,545 |  |  | 1,508,236 |
Less: accumulated depreciation | (211,974 | ) |  | (188,154 | )
Investment in hotel properties, net | $ | 1,308,571 |  |  | $ | 1,320,082 |

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