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Investment in Hotel Properties (Tables)
 6 Months Ended
Jun. 30, 2016
Real Estate [Abstract]  
Schedule of Investment in hotel properties
Investment in hotel properties as of June 30, 2016 and December 31, 2015 consisted of the following (in thousands):
 
 
June 30,
2016
 
December 31, 2015
Land
$
480,366

 
$
499,381

Buildings and improvements
2,225,737

 
2,225,168

Furniture, fixtures and equipment
218,284

 
205,890

Construction in progress
11,766

 
26,322

Investment in hotel properties
$
2,936,153

 
$
2,956,761

Less: Accumulated depreciation
(323,220
)
 
(283,177
)
Investment in hotel properties, net
$
2,612,933

 
$
2,673,584