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Investment in Hotel Properties

6 Months Ended

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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