Investment in Hotel Properties (Tables)

9 Months Ended

Sep. 30, 2024

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,
	2024		2023
	(unaudited)
Land	$	645,884	$	614,112
Buildings and improvements		2,818,307		2,587,278
Furniture, fixtures and equipment		442,872		407,861
Intangible assets		44,063		42,187
Construction in progress		117,513		61,247
Investment in hotel properties, gross		4,068,639		3,712,685
Accumulated depreciation and amortization		(1,218,764)		(1,127,406)
Investment in hotel properties, net	$	2,849,875	$	2,585,279