Investment in Hotel Properties (Tables)

6 Months Ended

Jun. 30, 2021

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,
	2021		2020
	(unaudited)
Land	$	611,538	$	571,212
Buildings and improvements		2,725,893		2,523,750
Furniture, fixtures and equipment		452,610		431,918
Intangible assets		34,891		21,192
Franchise fees		743		743
Construction in progress		27,082		15,831
Investment in hotel properties, gross		3,852,757		3,564,646
Accumulated depreciation and amortization		(1,165,362)		(1,103,148)
Investment in hotel properties, net	$	2,687,395	$	2,461,498