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Investment in Hotel Properties, net (Tables)
3 Months Ended
Mar. 31, 2018
Property, Plant and Equipment [Abstract]  
Schedule of Investment in Hotel Properties
Investments in hotel properties, net consisted of the following (in thousands):
 
 
March 31, 2018
 
December 31, 2017
Land
 
$
344,937

 
$
344,937

Buildings and improvements
 
966,045

 
962,478

Furniture, fixtures and equipment
 
84,313

 
87,796

Construction in progress
 
11,181

 
7,899

Total cost
 
1,406,476

 
1,403,110

Accumulated depreciation
 
(258,173
)
 
(257,268
)
Investments in hotel properties, net
 
$
1,148,303

 
$
1,145,842