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Investment in Hotel Properties (Tables)
 3 Months Ended
Mar. 31, 2018
Real Estate [Abstract]  
Schedule of Investment in hotel properties
Investment in hotel properties as of March 31, 2018 and December 31, 2017 consisted of the following (in thousands):
 
 
March 31,
2018
 
December 31, 2017
Land
$
448,401

 
$
448,401

Buildings and improvements
2,217,352

 
2,205,315

Furniture, fixtures and equipment
243,226

 
240,842

Construction in progress
9,985

 
9,514

Investment in hotel properties
$
2,918,964

 
$
2,904,072

Less: Accumulated depreciation
(472,294
)
 
(447,622
)
Investment in hotel properties, net
$
2,446,670

 
$
2,456,450