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Investment in Hotel Properties
 6 Months Ended
Jun. 30, 2017
Property, Plant and Equipment [Abstract]  
Investment in Hotel Properties
Investment in Hotel Properties
 
Investment in hotel properties consisted of the following (in thousands):
 
June 30, 2017
 
December 31, 2016
Land and improvements
$
676,897

 
$
675,889

Buildings and improvements
3,065,406

 
3,050,043

Furniture, fixtures and equipment
606,479

 
595,816

Intangible assets
2,309

 
2,309

 
4,351,091

 
4,324,057

Accumulated depreciation and amortization
(1,027,386
)
 
(955,383
)
Investment in hotel properties, net
$
3,323,705

 
$
3,368,674


 
For the three and six months ended June 30, 2017, the Company recognized depreciation and amortization expense related to its investment in hotel properties of approximately $38.2 million and $76.8 million, respectively. 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.
 
Impairment
 
The Company determined that there was no impairment of any assets for either the three and six months ended June 30, 2017 or 2016.