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Investment in Hotel Properties - Schedule of Investments in Hotel Properties (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021
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Investments, All Other Investments [Abstract] |  |
Land and improvements | $ 302,640 | $ 291,768
Building and improvements | 1,344,843 | 1,258,845
Furniture, fixtures and equipment | 102,299 | 91,110
Renovations in progress | 5,553 | 7,869
Investment in hotel properties, at cost | 1,755,335 | 1,649,592
Less: accumulated depreciation | (381,692) | (366,722)
Investment in hotel properties, net | $ 1,373,643 | $ 1,282,870

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- Definition The current amount of expenditures for a real estate project that has not yet been completed. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.10) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
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- Definition Amount before accumulated depletion of real estate held for productive use, excluding land held for sale. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 4 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=124098289&loc=d3e6812-107765 + Details
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