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Property and Equipment (Tables)
6 Months Ended
Jun. 30, 2016
Property and Equipment
Net investment in property and equipment as of June 30, 2016 and December 31, 2015, consists of the following (in thousands):
 
June 30, 2016
 
December 31, 2015
Hotel properties:
 
 
 
Land and site improvements
$
1,299,815

 
$
1,296,918

Building and improvements
2,901,286

 
2,859,227

Furniture, fixtures and equipment
568,149

 
522,617

Total hotel properties
4,769,250

 
4,678,762

Corporate furniture, fixtures, equipment, software and other
20,734

 
22,833

Undeveloped land parcel
1,675

 
1,675

Total cost
4,791,659

 
4,703,270

Less accumulated depreciation:
 
 
 
Hotel properties
(864,921
)
 
(767,240
)
Corporate furniture, fixtures, equipment, software and other
(12,976
)
 
(14,689
)
Total accumulated depreciation
(877,897
)
 
(781,929
)
Property and equipment - net
$
3,913,762

 
$
3,921,341

ESH REIT  
Property and Equipment
Net investment in property and equipment as of June 30, 2016 and December 31, 2015, consists of the following (in thousands): 
 
June 30,
2016
 
December 31,
2015
Hotel properties:
 
 
 
Land and site improvements
$
1,300,579

 
$
1,297,696

Building and improvements
2,911,000

 
2,868,943

Furniture, fixtures and equipment
562,329

 
517,626

Total hotel properties
4,773,908

 
4,684,265

Undeveloped land parcel
1,675

 
1,675

Total cost
4,775,583

 
4,685,940

Less accumulated depreciation
(862,129
)
 
(765,034
)
Property and equipment - net
$
3,913,454

 
$
3,920,906