Investment in Hotel Properties (Tables)

9 Months Ended

Sep. 30, 2019

Property, Plant and Equipment [Abstract]

Schedule of investment in hotel properties

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

	September 30, 2019			December 31, 2018
Land and improvements	$	1,095,632		$	1,209,416
Buildings and improvements	4,079,476			4,694,490
Furniture, fixtures and equipment	686,685			813,797
	5,861,793			6,717,703
Accumulated depreciation	(1,184,774		)	(1,339,052		)
Investment in hotel properties, net	$	4,677,019		$	5,378,651