Property and Equipment

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

The components of property and equipment are:

	December 31,
(in thousands)	2021		2020
Land and land improvements	$	32,255	$	29,001
Construction in progress and software under development	66,832		30,776
Computer equipment and software	214,814		217,594
Buildings and leasehold improvements	233,255		218,421
Furniture, fixtures, vehicles and equipment	62,703		62,530
Property and equipment	609,859		558,322
Less: Accumulated depreciation and amortization	(232,492)		(223,421)
Property and equipment, net	$	377,367	$	334,901

Unamortized capitalized software development costs at December 31, 2021 and 2020 totaled $52.0 million and $52.2 million, respectively. Amortization of software development costs for the years ended December 31, 2021, 2020 and 2019 totaled $14.1 million, $14.6 million, and $9.7 million, respectively.

Depreciation expense, excluding amounts attributable to marketing and reservation activities, for the years ended December 31, 2021, 2020 and 2019 was $16.5 million, $16.9 million and $9.7 million, respectively.

In the fourth quarter of 2021, the Company acquired a hotel property through a deed in lieu foreclosure at the fair value of $21.1 million as of the acquisition date of October 1, 2021. In the third quarter of 2019, the Company completed an asset acquisition of four Cambria Hotels with a total net asset basis of $194.0 million. Refer to Note 24.

During the third quarter of 2020, the Company recognized a non-cash pre-tax long-lived asset group impairment charge for a commercial office building in the amount of $4.3 million. Refer to Note 6.