Investment in Hotel Properties (Tables)

6 Months Ended

Jun. 30, 2020

Investment in Hotel Properties

Schedule of investment in hotel properties

Investment in hotel properties, net for the 19 Hotels consisted of the following (in thousands):

	June 30,		December 31,
	2020		2019
	(unaudited)
Land	$	581,426	$	601,181
Buildings and improvements		2,694,935		2,950,534
Furniture, fixtures and equipment		460,526		506,754
Intangible assets		25,059		32,610
Franchise fees		743		743
Construction in progress		46,973		40,639
Investment in hotel properties, gross		3,809,662		4,132,461
Accumulated depreciation and amortization		(1,164,181)		(1,260,108)
Investment in hotel properties, net	$	2,645,481	$	2,872,353