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Investment in Hotel Properties (Tables)

9 Months Ended

Sep. 30, 2022

Investments, All Other Investments [Abstract]

Investment in Hotel Properties

Investment in hotel properties, net as of September 30, 2022 and December 31, 2021 consisted of the following (in thousands):

 

			September 30, 2022						December 31, 2021
Land and improvements			$	289,583					$	291,768
Building and improvements			1,266,013						1,258,845
Furniture, fixtures and equipment			97,829						91,110
Renovations in progress			10,437						7,869
			1,663,862						1,649,592
Less: accumulated depreciation			(388,139)						(366,722)
Investment in hotel properties, net			$	1,275,723					$	1,282,870

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