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Investments in Hotel Properties, net (Tables) | 6 Months Ended
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Jun. 30, 2021
Property, Plant and Equipment [Abstract] |
Schedule of Investment in Hotel Properties | Investments in hotel properties, net consisted of the following (in thousands):
|  | June 30, 2021 |  | December 31, 2020
Land |  | $ | 455,298 |  |  | $ | 455,298 |
Buildings and improvements |  | 1,187,283 |  |  | 1,190,437 |
Furniture, fixtures and equipment |  | 124,370 |  |  | 127,692 |
Construction in progress |  | 7,355 |  |  | 11,422 |
Total cost |  | 1,774,306 |  |  | 1,784,849 |
Accumulated depreciation |  | (384,373) |  |  | (360,259) |
Investments in hotel properties, net |  | $ | 1,389,933 |  |  | $ | 1,424,590 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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