Investment in Hotel Properties

3 Months Ended

Mar. 31, 2017

Property, Plant and Equipment [Abstract]

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



	March 31, 2017			December 31, 2016
Land and improvements	$	676,103		$	675,889
Buildings and improvements	3,055,137			3,050,043
Furniture, fixtures and equipment	596,907			595,816
Intangible assets	2,309			2,309
	4,330,456			4,324,057
Accumulated depreciation and amortization	(989,237		)	(955,383		)
Investment in hotel properties, net	$	3,341,219		$	3,368,674

For the three months ended March 31, 2017 and 2016, the Company recognized depreciation and amortization expense related to its investment in hotel properties of approximately $38.6 million and $40.7 million, respectively.

Impairment

The Company determined that there was no impairment of any assets for either the three months ended March 31, 2017 or 2016.