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Investment in Hotels (Tables)
 12 Months Ended
Dec. 31, 2014
Property, Plant and Equipment [Abstract]  
Investment in hotels
Investment in hotels consisted of the following (in thousands):
 
 
December 31,
 
 
2014
 
2013
Building and improvements
 
$
1,764,871

 
$
1,833,165

Furniture, fixtures and equipment
 
431,851

 
482,628

Land
 
232,141

 
234,447

Construction in progress
 
21,615

 
32,828

 
 
2,450,478

 
2,583,068

Accumulated depreciation - Building and improvements
 
(661,758
)
 
(698,146
)
Accumulated depreciation - Furniture, fixtures and equipment
 
(188,929
)
 
(231,655
)
 
 
$
1,599,791

 
$
1,653,267