Investment in Hotel Properties (Tables)

6 Months Ended

Jun. 30, 2023

Real Estate [Abstract]

Schedule of Investment in Hotel Properties

Investment in hotel properties as of June 30, 2023 and December 31, 2022 consisted of the following (in thousands):

	June 30, 2023		December 31, 2022
Land	$	860,270	$	897,756
Buildings and improvements	5,099,194		5,170,976
Furniture, fixtures and equipment	509,555		504,518
Finance lease asset	91,181		91,181
Construction in progress	21,675		11,961
	$	6,581,875	$	6,676,392
Right-of-use asset, operating leases	365,570		370,383
Investment in hotel properties	$	6,947,445	$	7,046,775
Less: Accumulated depreciation	(1,233,129)		(1,171,899)
Investment in hotel properties, net	$	5,714,316	$	5,874,876