Investment in Hotel Properties (Tables)

6 Months Ended

Jun. 30, 2021

Real Estate [Abstract]

Schedule of Investment in Hotel Properties

Investment in hotel properties as of June 30, 2021 and December 31, 2020 consisted of the following (in thousands):

	June 30, 2021		December 31, 2020
Land	$	947,275	$	973,848
Buildings and improvements	4,768,376		4,849,644
Furniture, fixtures and equipment	501,386		515,975
Finance lease asset	91,181		114,835
Construction in progress	4,913		5,443
	$	6,313,131	$	6,459,745
Right-of-use asset, operating leases	317,322		320,564
Investment in hotel properties	$	6,630,453	$	6,780,309
Less: Accumulated depreciation	(962,746)		(898,287)
Investment in hotel properties, net	$	5,667,707	$	5,882,022