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Investment in Hotel Properties (Tables)

6 Months Ended

Jun. 30, 2021

Investments, All Other Investments [Abstract]

Investment in Hotel Properties

Investment in hotel properties, net as of June 30, 2021 and December 31, 2020 consisted of the following (in thousands):

 

			June 30, 2021						December 31, 2020
Land and improvements			$	287,049					$	287,049
Building and improvements			1,198,985						1,195,276
Furniture, fixtures and equipment			86,792						84,381
Renovations in progress			7,479						11,225
			1,580,305						1,577,931
Less: accumulated depreciation			(339,322)						(312,757)
Investment in hotel properties, net			$	1,240,983					$	1,265,174

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