Investments in Hotel Properties, net (Tables)

3 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

Schedule of Investments in Hotel Properties, net

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

	March 31, 2021		December 31, 2020
Land	$	629,263	$	630,690
Buildings and improvements	3,741,570		3,751,588
Furniture, fixtures and equipment	368,913		388,428
Construction in progress	9,772		16,192
Condominium properties	11,615		11,707
Total cost	4,761,133		4,798,605
Accumulated depreciation	(1,396,549)		(1,371,623)
Investments in hotel properties, net	$	3,364,584	$	3,426,982