Investment in Hotel and Other Properties

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

Investment in Hotel and Other Properties

Investment in hotel and other properties as of March 31, 2015 and December 31, 2014 consisted of the following (in thousands):



	March 31, 2015			December 31, 2014
Land and land improvements	$	706,794		$	706,497
Buildings and improvements	3,024,947			3,005,390
Furniture, fixtures and equipment	507,603			498,126
Intangible assets	2,507			2,507
	4,241,851			4,212,520
Accumulated depreciation and amortization	(730,819		)	(693,717		)
Investment in hotels and other properties, net	$	3,511,032		$	3,518,803

For the three months ended March 31, 2015 and 2014, depreciation and amortization expense related to investment in hotel and other properties was approximately $37.1 million and $32.8 million, respectively.

Impairment

The Company determined that there was no impairment of any assets for either the three months ended March 31, 2015 or 2014.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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