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Investment in Hotel Properties (Tables)
 3 Months Ended
Mar. 31, 2016
Real Estate [Abstract]  
Schedule of Investment in hotel properties
Investment in hotel properties as of March 31, 2016 and December 31, 2015 consisted of the following (in thousands):
 
 
March 31,
2016
 
December 31, 2015
Land
$
499,381

 
$
499,381

Buildings and improvements
2,259,648

 
2,225,168

Furniture, fixtures and equipment
216,426

 
205,890

Construction in progress
16,744

 
26,322

Investment in hotel properties
$
2,992,199

 
$
2,956,761

Less: Accumulated depreciation
(307,914
)
 
(283,177
)
Investment in hotel properties, net
$
2,684,285

 
$
2,673,584