INVESTMENT IN HOTEL PROPERTIES, NET (Tables)

3 Months Ended

Mar. 31, 2021

Real Estate [Abstract]

Schedule of investment in hotel properties, net

Investment in hotel properties, net is as follows (in thousands):

	March 31, 2021		December 31, 2020
Hotel buildings and improvements	$	2,068,117	$	2,066,986
Land	319,603		319,603
Furniture, fixtures and equipment	173,861		173,351
Construction in progress	9,881		8,903
Intangible assets	11,231		11,231
Real estate development loan	19,429		16,508
	2,602,122		2,596,582
Less - accumulated depreciation and amortization	(517,838)		(490,636)
	$	2,084,284	$	2,105,946