Investment in Hotel Properties (Tables)

9 Months Ended

Sep. 30, 2020

Real Estate [Abstract]

Schedule of Investment in Hotel Properties

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

	September 30, 2020		December 31, 2019
Land	$	983,392	$	1,042,198
Buildings and improvements	4,865,065		4,998,108
Furniture, fixtures and equipment	510,552		522,631
Capital lease asset	134,063		134,063
Construction in progress	7,410		35,637
	$	6,500,482	$	6,732,637
Right-of-use asset, operating leases	322,185		335,272
Investment in hotel properties	$	6,822,667	$	7,067,909
Less: Accumulated depreciation	(842,087)		(735,322)
Investment in hotel properties, net	$	5,980,580	$	6,332,587