Investment in Hotel Properties (Tables)

6 Months Ended

Jun. 30, 2020

Real Estate [Abstract]

Schedule of Investment in Hotel Properties

Investment in hotel properties as of June 30, 2020 and December 31, 2019 consisted of the following (in thousands):

	June 30, 2020		December 31, 2019
Land	$	983,135	$	1,042,198
Buildings and improvements	4,826,745		4,998,108
Furniture, fixtures and equipment	501,923		522,631
Capital lease asset	134,063		134,063
Construction in progress	37,244		35,637
	$	6,483,110	$	6,732,637
Right-of-use asset, operating leases	324,158		335,272
Investment in hotel properties	$	6,807,268	$	7,067,909
Less: Accumulated depreciation	(785,795)		(735,322)
Investment in hotel properties, net	$	6,021,473	$	6,332,587