Investment in Hotel Properties (Tables)

9 Months Ended

Sep. 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):

	September 30,		December 31,
	2020		2019
	(unaudited)
Land	$	581,426	$	601,181
Buildings and improvements		2,707,102		2,950,534
Furniture, fixtures and equipment		464,588		506,754
Intangible assets		25,111		32,610
Franchise fees		743		743
Construction in progress		39,026		40,639
Investment in hotel properties, gross		3,817,996		4,132,461
Accumulated depreciation and amortization		(1,196,520)		(1,260,108)
Investment in hotel properties, net	$	2,621,476	$	2,872,353