Investment in Hotel Properties (Tables)

9 Months Ended

Sep. 30, 2022

Investment in Hotel Properties

Schedule of investment in hotel properties

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

	September 30,		December 31,
	2022		2021
	(unaudited)
Land	$	672,531	$	604,692
Buildings and improvements		2,780,117		2,729,461
Furniture, fixtures and equipment		423,546		431,780
Intangible assets		42,408		43,117
Construction in progress		65,121		41,260
Investment in hotel properties, gross		3,983,723		3,850,310
Accumulated depreciation and amortization		(1,133,498)		(1,130,294)
Investment in hotel properties, net	$	2,850,225	$	2,720,016