INVESTMENT IN HOTEL PROPERTIES, NET - Schedule of investment in hotel properties (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Investment in Hotel Properties
Investment in hotel properties at cost	$ 2,580,287	$ 2,568,219
Less - accumulated depreciation and amortization	(410,973)	(383,987)
Investment in hotel properties, net	2,169,314	2,184,232
Real estate development loan
Investment in Hotel Properties
Investment in hotel properties at cost	7,433	5,485
Hotel buildings and improvements
Investment in Hotel Properties
Investment in hotel properties at cost	2,050,923	2,049,384
Land
Investment in Hotel Properties
Investment in hotel properties at cost	319,603	319,603
Furniture, fixtures and equipment
Investment in Hotel Properties
Investment in hotel properties at cost	180,868	173,128
Construction in progress
Investment in Hotel Properties
Investment in hotel properties at cost	10,229	9,388
Intangible assets
Investment in Hotel Properties
Investment in hotel properties at cost	$ 11,231	$ 11,231

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The cumulative amount of depreciation for real estate property held for investment purposes.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03.1(3))
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Amount of real estate investment property which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
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Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments.

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