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Investments in Hotel Properties, net (Tables)
6 Months Ended
Jun. 30, 2023
Property, Plant and Equipment [Abstract]  
Schedule of Investment in Hotel Properties
Investments in hotel properties, net consisted of the following (in thousands):
June 30, 2023December 31, 2022
Land$630,842 $630,489 
Buildings and improvements1,520,184 1,511,949 
Furniture, fixtures and equipment157,626 147,019 
Construction in progress39,444 22,890 
Residences12,746 12,746 
Total cost2,360,842 2,325,093 
Accumulated depreciation(470,484)(440,492)
Investments in hotel properties, net$1,890,358 $1,884,601