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Investment in Hotel Properties (Tables)

12 Months Ended

Dec. 31, 2018

Investments Schedule [Abstract]

Investment in Hotel Properties

Investment in hotel properties as of December 31, 2018 and 2017 consisted of the following (in thousands):

			December 31, 2018						December 31, 2017
Land and improvements			$	296,253					$	291,054
Building and improvements			1,214,780						1,140,477
Furniture, fixtures and equipment			73,411						63,443
Renovations in progress			25,370						13,262
			1,609,814						1,508,236
Less: accumulated depreciation			(236,041)						(188,154)
Investment in hotel properties, net			$	1,373,773					$	1,320,082

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Investment in properties.

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