Investment in Hotel Properties (Tables)

3 Months Ended

Mar. 31, 2023

Real Estate [Abstract]

Schedule of Investment in Hotel Properties

Investment in hotel properties as of March 31, 2023 and December 31, 2022 consisted of the following (in thousands):

	March 31, 2023		December 31, 2022
Land	$	860,206	$	897,756
Buildings and improvements	5,037,815		5,170,976
Furniture, fixtures and equipment	498,010		504,518
Finance lease asset	91,181		91,181
Construction in progress	23,736		11,961
	$	6,510,948	$	6,676,392
Right-of-use asset, operating leases	367,976		370,383
Investment in hotel properties	$	6,878,924	$	7,046,775
Less: Accumulated depreciation	(1,175,478)		(1,171,899)
Investment in hotel properties, net	$	5,703,446	$	5,874,876