Investment in Hotel Properties (Tables)

12 Months Ended

Dec. 31, 2023

Real Estate [Abstract]

Schedule of Investment in Hotel Properties

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

	December 31, 2023		December 31, 2022
Land	$	810,633	$	897,756
Buildings and improvements	5,005,894		5,170,976
Furniture, fixtures and equipment	511,451		504,518
Finance lease asset	91,181		91,181
Construction in progress	27,123		11,961
	$	6,446,282	$	6,676,392
Right-of-use asset, operating leases	360,761		370,383
Investment in hotel properties	$	6,807,043	$	7,046,775
Less: Accumulated depreciation	(1,316,267)		(1,171,899)
Investment in hotel properties, net	$	5,490,776	$	5,874,876