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Investments in Hotel Properties, net (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Schedule of Investment in Hotel Properties

Investments in hotel properties, net consisted of the following (in thousands):

						December 31, 2023						December 31, 2022
Land						$	630,842					$	630,489
Buildings and improvements						1,535,501						1,511,949
Furniture, fixtures and equipment						166,673						147,019
Construction in progress						36,954						22,890
Residences						12,746						12,746
Total cost						2,382,716						2,325,093
Accumulated depreciation						(498,508)						(440,492)
Investments in hotel properties, net						$	1,884,208					$	1,884,601

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- References

No definition available.

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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
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482099/360-10-50-1

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