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Investment in Hotel Properties
 6 Months Ended
Jun. 30, 2023
Investments, All Other Investments [Abstract]  
Investment in Hotel Properties Investment in Hotel Properties
Investment in hotel properties,net

Investment in hotel properties, net as of June 30, 2023 and December 31, 2022 consisted of the following (in thousands):
 
June 30, 2023December 31, 2022
Land and improvements$289,653 $289,589 
Building and improvements1,274,431 1,267,035 
Furniture, fixtures and equipment105,856 98,373 
Renovations in progress11,550 11,710 
1,681,490 1,666,707 
Less: accumulated depreciation(431,231)(402,455)
Investment in hotel properties, net$1,250,259 $1,264,252