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Investment in Hotel Properties
 6 Months Ended
Jun. 30, 2017
Real Estate [Abstract]  
Investment in Hotel Properties
Investment in Hotel Properties
Investment in hotel properties as of June 30, 2017 and December 31, 2016 consisted of the following (in thousands):
 
 
June 30,
2017
 
December 31, 2016
Land
$
448,401

 
$
503,571

Buildings and improvements
2,185,028

 
2,287,104

Furniture, fixtures and equipment
239,262

 
231,211

Construction in progress
10,627

 
9,253

Investment in hotel properties
$
2,883,318

 
$
3,031,139

Less: Accumulated depreciation
(405,275
)
 
(358,485
)
Investment in hotel properties, net
$
2,478,043

 
$
2,672,654