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PROPERTY AND EQUIPMENT - REIT (Tables)
 9 Months Ended
Sep. 30, 2019
Property, Plant and Equipment [Line Items]  
Net Investment in Property and Equipment
Net investment in property and equipment as of September 30, 2019 and December 31, 2018, consists of the following (in thousands):
 
September 30,
2019
 
December 31, 2018
Hotel properties:
 
 
 
Land and site improvements (1)
$
1,218,581

 
$
1,215,710

Building and improvements
2,754,786

 
2,729,661

Furniture, fixtures and equipment
726,980

 
674,545

Total hotel properties
4,700,347

 
4,619,916

Development in process (2)
74,125

 
27,174

Corporate furniture, fixtures, equipment and other
25,068

 
22,972

Undeveloped land parcel
1,675

 
1,675

Total cost
4,801,215

 
4,671,737

Less accumulated depreciation:
 
 
 
Hotel properties
(1,314,367
)
 
(1,201,260
)
Corporate furniture, fixtures, equipment and other
(19,221
)
 
(16,845
)
Total accumulated depreciation
(1,333,588
)
 
(1,218,105
)
Property and equipment - net
$
3,467,627

 
$
3,453,632


_________________________________
(1)
Includes finance lease asset of $3.2 million as of September 30, 2019 and December 31, 2018.
(2)
Includes finance lease asset of $0.8 million and $0.6 million as of September 30, 2019 and December 31, 2018, respectively.
ESH REIT  
Property, Plant and Equipment [Line Items]  
Net Investment in Property and Equipment
Net investment in property and equipment as of September 30, 2019 and December 31, 2018, consists of the following (in thousands):
 
September 30,
2019
 
December 31,
2018
Hotel properties:
 
 
 
Land and site improvements (1)
$
1,220,948

 
$
1,218,077

Building and improvements
2,786,268

 
2,756,674

Furniture, fixtures and equipment
729,429

 
679,944

Total hotel properties
4,736,645

 
4,654,695

Development in process (2)
74,125

 
27,174

Undeveloped land parcel
1,675

 
1,675

Total cost
4,812,445

 
4,683,544

Less accumulated depreciation
(1,332,796
)
 
(1,215,899
)
Property and equipment - net
$
3,479,649

 
$
3,467,645


_________________________________
(1)
Includes finance lease asset of $3.2 million as of September 30, 2019 and December 31, 2018.
(2)
Includes finance lease asset of $0.8 million and $0.6 million as of September 30, 2019 and December 31, 2018, respectively.