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Investment in Hotel Properties (Tables)

9 Months Ended

Sep. 30, 2021

Investments, All Other Investments [Abstract]

Investment in Hotel Properties

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

 

			September 30, 2021						December 31, 2020
Land and improvements			$	291,749					$	287,049
Building and improvements			1,263,289						1,195,276
Furniture, fixtures and equipment			90,799						84,381
Renovations in progress			6,387						11,225
			1,652,224						1,577,931
Less: accumulated depreciation			(352,928)						(312,757)
Investment in hotel properties, net			$	1,299,296					$	1,265,174

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