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Investment in Hotel Properties, net (Tables)

6 Months Ended

Jun. 30, 2019

Investments Schedule [Abstract]

Investment in Hotel Properties

Investment in hotel properties, net as of June 30, 2019 and December 31, 2018 consisted of the following (in thousands):

			June 30, 2019						December 31, 2018
Land and improvements			$	288,662					$	296,253
Building and improvements			1,211,555						1,214,780
Furniture, fixtures and equipment			78,609						73,411
Renovations in progress			24,107						25,370
			1,602,933						1,609,814
Less: accumulated depreciation			(255,042)						(236,041)
Investment in hotel properties, net			$	1,347,891					$	1,373,773

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