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Investment in Hotel Properties (Tables)

12 Months Ended

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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