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

 
$
503,571

Buildings and improvements
2,191,449

 
2,287,104

Furniture, fixtures and equipment
240,674

 
231,211

Construction in progress
10,841

 
9,253

Investment in hotel properties
$
2,891,365

 
$
3,031,139

Less: Accumulated depreciation
(427,179
)
 
(358,485
)
Investment in hotel properties, net
$
2,464,186

 
$
2,672,654