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Investment in Hotel Properties (Tables)
 12 Months Ended
Dec. 31, 2024
Real Estate [Abstract]  
Schedule of Investment in Hotel Properties
Investment in hotel properties as of December 31, 2024 and 2023 consisted of the following (in thousands):
December 31, 2024December 31, 2023
Land$800,143 $810,633 
Buildings and improvements5,062,727 5,005,894 
Furniture, fixtures and equipment539,616 511,451 
Finance lease asset91,181 91,181 
Construction in progress5,066 27,123 
$6,498,733 $6,446,282 
Right-of-use asset, operating leases351,150 360,761 
Investment in hotel properties$6,849,883 $6,807,043 
Less: Accumulated depreciation(1,530,854)(1,316,267)
Investment in hotel properties, net$5,319,029 $5,490,776