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Investment in Hotel Properties (Tables)
 3 Months Ended
Mar. 31, 2019
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,

 

    

2019

    

2018

 

 

(unaudited)

 

 

 

Land

 

$

605,388

 

$

611,993

Buildings and improvements

 

 

2,950,723

 

 

2,983,308

Furniture, fixtures and equipment

 

 

492,317

 

 

486,441

Intangible assets

 

 

33,161

 

 

56,021

Franchise fees

 

 

778

 

 

778

Construction in progress

 

 

54,366

 

 

60,744

Investment in hotel properties, gross

 

 

4,136,733

 

 

4,199,285

Accumulated depreciation and amortization

 

 

(1,189,937)

 

 

(1,168,287)

Investment in hotel properties, net

 

$

2,946,796

 

$

3,030,998