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Investment in Hotel Properties

9 Months Ended

Sep. 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 September 30, 2024 and December 31, 2023 consisted of the following (in thousands):

 

			September 30, 2024						December 31, 2023
Land and improvements			$	285,767					$	289,671
Building and improvements			1,266,121						1,274,970
Furniture, fixtures and equipment			112,223						108,222
Finance lease assets			43,753						—
Renovations in progress			13,801						15,138
			1,721,665						1,688,001
Less accumulated depreciation and amortization			(488,304)						(460,368)
Investment in hotel properties, net			$	1,233,361					$	1,227,633

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