Investment in Hotel Properties (Tables)

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Schedule of investment in hotel properties

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

	December 31, 2018			December 31, 2017
Land and improvements	$	1,209,416		$	1,275,030
Buildings and improvements	4,694,490			4,890,266
Furniture, fixtures and equipment	813,797			756,546
	6,717,703			6,921,842
Accumulated depreciation	(1,339,052		)	(1,129,917		)
Investment in hotel properties, net	$	5,378,651		$	5,791,925