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Property and Equipment, net
3 Months Ended
Mar. 31, 2020
Property, Plant and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
Property and equipment, net consisted of the following (in thousands):
March 31,
2020
December 31,
2019
Buildings and improvements$9,708,047  $9,367,241  
Land and improvements1,260,386  1,246,679  
Furniture, fixtures and equipment2,983,616  2,932,483  
Airplanes110,623  110,623  
Construction in progress158,198  477,333  
14,220,870  14,134,359  
Less: accumulated depreciation(4,681,463) (4,510,527) 
$9,539,407  $9,623,832  
Depreciation expense for the three months ended March 31, 2020 and 2019 was $172.3 million and $132.3 million, respectively.