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Investments in Hotel Properties, net (Tables)
9 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
Schedule of Investment in Hotel Properties
Investments in hotel properties, net consisted of the following (in thousands):
September 30, 2024December 31, 2023
Land$630,842 $630,842 
Buildings and improvements1,429,339 1,535,501 
Furniture, fixtures and equipment174,613 166,673 
Construction in progress23,441 36,954 
Residences12,746 12,746 
Total cost2,270,981 2,382,716 
Accumulated depreciation(480,940)(498,508)
Investments in hotel properties, net$1,790,041 $1,884,208