Investment in Hotel Properties

6 Months Ended

Jun. 30, 2016

Property, Plant and Equipment [Abstract]

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



	June 30, 2016			December 31, 2015
Land and improvements	$	736,409		$	736,709
Buildings and improvements	3,219,024			3,205,704
Furniture, fixtures and equipment	585,392			571,118
Intangible assets	2,507			2,507
	4,543,332			4,516,038
Accumulated depreciation and amortization	(920,164		)	(841,039		)
Investment in hotel properties, net	$	3,623,168		$	3,674,999

For the three and six months ended June 30, 2016, the Company recognized depreciation and amortization expense related to its investment in hotel properties of approximately $40.8 million and $81.4 million, respectively. For the three and six months ended June 30, 2015, the Company recognized depreciation and amortization expense related to its investment in hotel properties of approximately $37.7 million and $74.8 million, respectively.

Impairment

The Company determined that there was no impairment of any assets for either the three and six months ended June 30, 2016 or 2015.