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Investment in Hotel Properties (Tables)
 6 Months Ended
Jun. 30, 2024
Real Estate [Abstract]  
Schedule of Investment in Hotel Properties
Investment in hotel properties as of June 30, 2024 and December 31, 2023 consisted of the following (in thousands):
June 30, 2024December 31, 2023
Land$810,789 $810,633 
Buildings and improvements5,070,893 5,005,894 
Furniture, fixtures and equipment527,365 511,451 
Finance lease asset91,181 91,181 
Construction in progress16,865 27,123 
$6,517,093 $6,446,282 
Right-of-use asset, operating leases355,954 360,761 
Investment in hotel properties$6,873,047 $6,807,043 
Less: Accumulated depreciation(1,430,144)(1,316,267)
Investment in hotel properties, net$5,442,903 $5,490,776