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Investment in Hotel Properties (Tables) | 12 Months Ended
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Dec. 31, 2021
Schedule of Investments [Abstract] |
Investment in Hotel Properties | Investment in hotel properties, net as of December 31, 2021 and 2020 consisted of the following (in thousands):
| December 31, 2021 |  | December 31, 2020
Land and improvements | $ | 291,768 |  |  | $ | 287,049 |
Building and improvements | 1,258,845 |  |  | 1,195,276 |
Furniture, fixtures and equipment | 91,110 |  |  | 84,381 |
Renovations in progress | 7,869 |  |  | 11,225 |
| 1,649,592 |  |  | 1,577,931 |
Less: accumulated depreciation | (366,722) |  |  | (312,757) |
Investment in hotel properties, net | $ | 1,282,870 |  |  | $ | 1,265,174 |

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