Investment in Hotel Properties (Tables)

3 Months Ended

Mar. 31, 2019

Real Estate [Abstract]

Schedule of Investment in Hotel Properties

Investment in hotel properties as of March 31, 2019 and December 31, 2018 consisted of the following (in thousands):

	March 31, 2019			December 31, 2018
Land	$	1,029,685		$	1,056,862
Buildings and improvements	5,278,223			5,440,513
Furniture, fixtures and equipment	459,245			462,620
Right-of-use asset, operating leases	325,464			—
Capital lease asset	91,985			91,985
Construction in progress	24,406			25,643
Investment in hotel properties	$	7,209,008		$	7,077,623
Less: Accumulated depreciation	(593,750		)	(543,430		)
Investment in hotel properties, net	$	6,615,258		$	6,534,193