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Investment in Hotel Properties, net (Tables)

9 Months Ended

Sep. 30, 2019

Investments Schedule [Abstract]

Investment in Hotel Properties

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

			September 30, 2019						December 31, 2018
Land and improvements			$	296,832					$	296,253
Building and improvements			1,213,894						1,214,780
Furniture, fixtures and equipment			79,737						73,411
Renovations in progress			30,321						25,370
			1,620,784						1,609,814
Less: accumulated depreciation			(267,893)						(236,041)
Investment in hotel properties, net			$	1,352,891					$	1,373,773

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