Investment in Hotel Properties (Tables)

9 Months Ended

Sep. 30, 2022

Real Estate [Abstract]

Schedule of Investment in Hotel Properties

Investment in hotel properties as of September 30, 2022 and December 31, 2021 consisted of the following (in thousands):

	September 30, 2022		December 31, 2021
Land	$	911,898	$	926,330
Buildings and improvements	5,197,437		5,197,816
Furniture, fixtures and equipment	535,997		535,607
Finance lease asset	91,181		91,181
Construction in progress	21,369		15,869
	$	6,757,882	$	6,766,803
Right-of-use asset, operating leases	372,791		378,939
Investment in hotel properties	$	7,130,673	$	7,145,742
Less: Accumulated depreciation	(1,165,850)		(1,066,409)
Investment in hotel properties, net	$	5,964,823	$	6,079,333