Investment in Hotel Properties (Tables)

12 Months Ended

Dec. 31, 2021

Real Estate [Abstract]

Schedule of Investment in Hotel Properties

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

	December 31, 2021		December 31, 2020
Land	$	926,330	$	973,848
Buildings and improvements	5,197,816		4,849,644
Furniture, fixtures and equipment	535,607		515,975
Finance lease asset	91,181		114,835
Construction in progress	15,869		5,443
	$	6,766,803	$	6,459,745
Right-of-use asset, operating leases	378,939		320,564
Investment in hotel properties	$	7,145,742	$	6,780,309
Less: Accumulated depreciation	(1,066,409)		(898,287)
Investment in hotel properties, net	$	6,079,333	$	5,882,022