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Investments in Hotel Properties, net
 9 Months Ended
Sep. 30, 2023
Property, Plant and Equipment [Abstract]  
Investments in Hotel Properties, net Investments in Hotel Properties, net
Investments in hotel properties, net consisted of the following (in thousands):
September 30, 2023December 31, 2022
Land$630,842 $630,489 
Buildings and improvements1,524,186 1,511,949 
Furniture, fixtures and equipment155,899 147,019 
Construction in progress41,583 22,890 
Residences12,746 12,746 
Total cost2,365,256 2,325,093 
Accumulated depreciation(483,081)(440,492)
Investments in hotel properties, net$1,882,175 $1,884,601 
Impairment Charges
During the three and nine months ended September 30, 2023 and 2022, no impairment charges were recorded.