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Investment in Hotel Properties (Tables)
 3 Months Ended
Mar. 31, 2020
Real Estate [Abstract]  
Schedule of Investment in Hotel Properties
Investment in hotel properties as of March 31, 2020 and December 31, 2019 consisted of the following (in thousands):
 
 
March 31,
2020
 
December 31, 2019
Land
$
982,016

 
$
1,042,198

Buildings and improvements
4,853,709

 
4,998,108

Furniture, fixtures and equipment
506,773

 
522,631

Capital lease asset
134,063

 
134,063

Construction in progress
45,503

 
35,637

 
$
6,522,064

 
$
6,732,637

Right-of-use asset, operating leases
333,611

 
335,272

Investment in hotel properties
$
6,855,675

 
$
7,067,909

Less: Accumulated depreciation
(748,732
)
 
(735,322
)
Investment in hotel properties, net
$
6,106,943

 
$
6,332,587