Investment in Hotel Properties (Tables)

6 Months Ended

Jun. 30, 2025

Real Estate [Abstract]

Schedule of Investment in Hotel Properties

Investment in hotel properties as of June 30, 2025 and December 31, 2024 consisted of the following (in thousands):

	June 30, 2025		December 31, 2024
Land	$	800,517	$	800,143
Buildings and improvements	5,101,506		5,062,727
Furniture, fixtures and equipment	550,096		539,616
Finance lease asset	91,181		91,181
Construction in progress	5,396		5,066
	$	6,548,696	$	6,498,733
Operating lease, right-of-use asset	346,348		351,150
Investment in hotel properties	$	6,895,044	$	6,849,883
Less: Accumulated depreciation	(1,645,559)		(1,530,854)
Investment in hotel properties, net	$	5,249,485	$	5,319,029