Investment in Hotel Properties (Tables)

3 Months Ended

Mar. 31, 2020

Investment in Hotel Properties

Schedule of investment in hotel properties

Investment in hotel properties, net for the 20 Hotels consisted of the following (in thousands):

	March 31,		December 31,
	2020		2019
	(unaudited)
Land	$	600,649	$	601,181
Buildings and improvements		2,800,187		2,950,534
Furniture, fixtures and equipment		496,312		506,754
Intangible assets		26,802		32,610
Franchise fees		743		743
Construction in progress		43,782		40,639
Investment in hotel properties, gross		3,968,475		4,132,461
Accumulated depreciation and amortization		(1,212,063)		(1,260,108)
Investment in hotel properties, net	$	2,756,412	$	2,872,353