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Investment in Hotel Properties (Tables)
 3 Months Ended
Mar. 31, 2018
Investment in Hotel Properties  
Schedule of investment in hotel properties

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

 

    

2018

    

2017

 

 

(unaudited)

 

 

 

Land

 

$

605,054

 

$

605,054

Buildings and improvements

 

 

3,067,473

 

 

3,049,569

Furniture, fixtures and equipment

 

 

496,492

 

 

484,749

Intangible assets

 

 

48,251

 

 

48,371

Franchise fees

 

 

980

 

 

980

Construction in process

 

 

66,134

 

 

54,280

Investment in hotel properties, gross

 

 

4,284,384

 

 

4,243,003

Accumulated depreciation and amortization

 

 

(1,173,497)

 

 

(1,136,937)

Investment in hotel properties, net

 

$

3,110,887

 

$

3,106,066