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Investment in Hotel Properties, net (Tables)
6 Months Ended
Jun. 30, 2020
Property, Plant and Equipment [Abstract]  
Schedule of Investment in Hotel Properties
Investments in hotel properties, net consisted of the following (in thousands):
 
June 30, 2020
 
December 31, 2019
Land
$
455,298

 
$
455,298

Buildings and improvements
1,183,288

 
1,173,151

Furniture, fixtures and equipment
134,919

 
129,595

Construction in progress
12,861

 
33,130

Total cost
1,786,366

 
1,791,174

Accumulated depreciation
(338,186
)
 
(309,752
)
Investments in hotel properties, net
$
1,448,180

 
$
1,481,422