Property and Equipment (Tables)

3 Months Ended

Mar. 31, 2016

Property and Equipment

Net investment in property and equipment as of March 31, 2016 and December 31, 2015, consists of the following (in thousands):

	March 31, 2016			December 31, 2015
Hotel properties:
Land and site improvements	$	1,297,295		$	1,296,918
Building and improvements	2,879,961			2,859,227
Furniture, fixtures and equipment	546,628			522,617
Total hotel properties	4,723,884			4,678,762
Corporate furniture, fixtures, equipment, software and other	21,414			22,833
Undeveloped land parcel	1,675			1,675
Total cost	4,746,973			4,703,270
Less accumulated depreciation:
Hotel properties	(816,650		)	(767,240		)
Corporate furniture, fixtures, equipment, software and other	(13,836		)	(14,689		)
Total accumulated depreciation	(830,486		)	(781,929		)
Property and equipment - net	$	3,916,487		$	3,921,341

ESH REIT

Property and Equipment

Net investment in property and equipment as of March 31, 2016 and December 31, 2015, consists of the following (in thousands): 

	March 31, 2016			December 31, 2015
Hotel properties:
Land and site improvements	$	1,298,065		$	1,297,696
Building and improvements	2,889,676			2,868,943
Furniture, fixtures and equipment	541,098			517,626
Total hotel properties	4,728,839			4,684,265
Undeveloped land parcel	1,675			1,675
Total cost	4,730,514			4,685,940
Less accumulated depreciation	(814,058		)	(765,034		)
Property and equipment - net	$	3,916,456		$	3,920,906