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Investment in Hotel Properties (Tables)

6 Months Ended

Jun. 30, 2024

Investments, All Other Investments [Abstract]

Schedule of Investment in Hotel Properties

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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