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INVESTMENT IN HOTEL PROPERTIES (Tables)
 9 Months Ended
Sep. 30, 2013
INVESTMENT IN HOTEL PROPERTIES  
Schedule of investment in hotel properties

Investment in hotel properties includes (in thousands):

 

 

 

September 30,

 

December 31,

 

 

 

2013

 

2012

 

 

 

 

 

 

 

Land

 

$

150,129

 

$

105,571

 

Hotel buildings and improvements

 

934,376

 

649,699

 

Furniture, fixtures and equipment

 

136,243

 

124,385

 

Construction in progress

 

13,492

 

—

 

 

 

1,234,240

 

879,655

 

Less accumulated depreciation

 

151,845

 

145,293

 

 

 

 

 

 

 

 

 

$

1,082,395

 

$

734,362