Investment In Hotel Properties

6 Months Ended

Jun. 30, 2019

Property, Plant and Equipment [Abstract]

Investment In Hotel Properties

Investment in hotel properties consists of the following at June 30, 2019 and December 31, 2018:

	June 30, 2019			December 31, 2018
Land	$	518,243		$	518,243
Buildings and Improvements	1,700,391			1,688,459
Furniture, Fixtures and Equipment	286,329			278,098
Construction in Progress	4,271			3,804
	2,509,234			2,488,604
Less Accumulated Depreciation	(509,584		)	(461,945		)
Total Investment in Hotel Properties *	$	1,999,650		$	2,026,659

* The net book value of investment in hotel property at Ritz Coconut Grove, which is a variable interest entity, is $45,868 and $44,875 at June 30, 2019 and December 31, 2018, respectively.

Acquisitions

For the six months ended June 30, 2019, we acquired no hotel properties.

Hotel Dispositions

For the six months ended June 30, 2019, we disposed of no hotel properties.