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Investment in Hotels
 12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment [Abstract]  
Investment in Hotels
Investment in Hotels
Investment in hotels consisted of the following (in thousands):
 
 
December 31,
 
 
2015
 
2014
Building and improvements
 
$
1,859,100

 
$
1,764,871

Furniture, fixtures and equipment
 
449,437

 
431,851

Land
 
294,384

 
232,141

Construction in progress
 
26,185

 
21,615

 
 
2,629,106

 
2,450,478

Accumulated depreciation - Building and improvements
 
(697,386
)
 
(661,758
)
Accumulated depreciation - Furniture, fixtures and equipment
 
(202,189
)
 
(188,929
)
 
 
$
1,729,531

 
$
1,599,791


In 2015, we retired fully depreciated furniture, fixtures and equipment aggregating approximately $41.9 million and fully depreciated assets for building and improvements aggregating approximately $9.6 million.
We invested $48.4 million and $83.7 million in additions and improvements to our Consolidated Hotels during the years ended December 31, 2015 and 2014, respectively.