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Investment in Hotel Properties | 6 Months Ended
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Jun. 30, 2024
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, 2024 and December 31, 2023 consisted of the following (in thousands):
| June 30, 2024 |  | December 31, 2023
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 |  |  | — |
Renovations in progress | 12,815 |  |  | 15,138 |
| 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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