Investment in Hotel Properties

6 Months Ended

Jun. 30, 2023

Investment in Hotel Properties

Investment in Hotel Properties

3. Investment in Hotel Properties

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

	June 30,		December 31,
	2023		2022
	(unaudited)
Land	$	672,623	$	672,531
Buildings and improvements		2,808,999		2,793,771
Furniture, fixtures and equipment		432,326		426,189
Intangible assets		42,187		42,187
Construction in progress		104,398		71,689
Investment in hotel properties, gross		4,060,533		4,006,367
Accumulated depreciation and amortization		(1,229,794)		(1,165,439)
Investment in hotel properties, net	$	2,830,739	$	2,840,928