Investment in Hotel Properties

3 Months Ended

Mar. 31, 2016

Property, Plant and Equipment [Abstract]

Investment in hotel properties consisted of the following (in thousands):



	March 31, 2016			December 31, 2015
Land and improvements	$	736,341		$	736,709
Buildings and improvements	3,205,990			3,205,704
Furniture, fixtures and equipment	577,751			571,118
Intangible assets	2,507			2,507
	4,522,589			4,516,038
Accumulated depreciation and amortization	(879,383		)	(841,039		)
Investment in hotel properties, net	$	3,643,206		$	3,674,999

For the three months ended March 31, 2016 and 2015, the Company recognized depreciation and amortization expense related to its investment in hotel properties of approximately $40.7 million and $37.1 million, respectively.

Impairment

The Company determined that there was no impairment of any assets for either the three months ended March 31, 2016 or 2015.