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Investment in Hotel Properties (Tables)
 6 Months Ended
Jun. 30, 2018
Investment in Hotel Properties  
Schedule of investment in hotel properties

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

    

2018

    

2017

 

 

(unaudited)

 

 

 

Land

 

$

604,866

 

$

605,054

Buildings and improvements

 

 

3,039,104

 

 

3,049,569

Furniture, fixtures and equipment

 

 

488,042

 

 

484,749

Intangible assets

 

 

60,413

 

 

48,371

Franchise fees

 

 

980

 

 

980

Construction in progress

 

 

56,569

 

 

54,280

Investment in hotel properties, gross

 

 

4,249,974

 

 

4,243,003

Accumulated depreciation and amortization

 

 

(1,160,793)

 

 

(1,136,937)

Investment in hotel properties, net

 

$

3,089,181

 

$

3,106,066