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Investment in Hotel Properties (Details) - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023
--- | --- | ---
Investments, All Other Investments [Abstract] |  |
Land and improvements | $ 285,723 | $ 289,671
Building and improvements | 1,263,089 | 1,274,970
Furniture, fixtures and equipment | 109,683 | 108,222
Finance lease assets | 43,730 | 0
Renovations in progress | 12,815 | 15,138
Investment in hotel properties, at cost | 1,715,040 | 1,688,001
Less accumulated depreciation and amortization | (473,105) | (460,368)
Investment in hotel properties, net | $ 1,241,935 | $ 1,227,633

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