BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Schedule of estimated useful lives of hotel properties and related assets

We generally depreciate our hotel properties and related assets using the straight-line method over their estimated useful lives as follows:

Classification	Estimated Useful Lives
Buildings and improvements	6 to 40 years
Furniture, fixtures and equipment	2 to 15 years

Investment in hotel properties, net at December 31, 2019 and 2018 include (in thousands):

	2019			2018
Land	$	319,603		$	288,833
Hotel buildings and improvements	2,049,384			1,916,194
Furniture, fixtures and equipment	173,128			165,026
Construction in progress	9,388			21,059
Intangible assets	11,231			22,064
Real estate development loan	5,485			—
	2,568,219			2,413,176
Less - accumulated depreciation	(383,987		)	(347,622		)
	$	2,184,232		$	2,065,554