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Investment in Hotel Properties (Tables)
 3 Months Ended
Mar. 31, 2014
Real Estate [Abstract]  
Schedule of Investment in hotel properties
Investment in hotel properties as of March 31, 2014 and December 31, 2013 consisted of the following (in thousands):
 
 
March 31,
2014
 
December 31, 2013
Land
$
272,661

 
$
272,661

Buildings and improvements
1,442,398

 
1,437,593

Furniture, fixtures and equipment
137,962

 
135,547

Construction in progress
7,337

 
4,138

Investment in hotel properties
$
1,860,358

 
$
1,849,939

Less: Accumulated depreciation
(147,813
)
 
(132,328
)
Investment in hotel properties, net
$
1,712,545

 
$
1,717,611