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Investment in Hotel Properties (Tables)
 3 Months Ended
Mar. 31, 2015
Real Estate [Abstract]  
Schedule of Investment in hotel properties
Investment in hotel properties as of March 31, 2015 and December 31, 2014 consisted of the following (in thousands):
 
 
March 31,
2015
 
December 31, 2014
Land
$
357,680

 
$
357,680

Buildings and improvements
2,009,213

 
1,987,050

Furniture, fixtures and equipment
186,176

 
183,016

Construction in progress
12,418

 
10,524

Investment in hotel properties
$
2,565,487

 
$
2,538,270

Less: Accumulated depreciation
(215,613
)
 
(194,580
)
Investment in hotel properties, net
$
2,349,874

 
$
2,343,690