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Investment in Hotel Properties (Tables)
9 Months Ended
Sep. 30, 2018
Property, Plant and Equipment [Abstract]  
Disclosure of Long Lived Assets Held-for-sale [Table Text Block]
Held for Sale

In July 2018, the Company entered into a purchase and sale agreement to sell the Holiday Inn San Francisco - Fisherman's Wharf. At September 30, 2018, this hotel property has been included in assets of hotel properties held for sale, net in the accompanying consolidated balance sheet. The transaction closed on October 15, 2018.

The following table is a summary of the major classes of assets held for sale (in thousands):
 
September 30, 2018
Land and improvements
$
12,203

Buildings and improvements
10,900

Furniture, fixtures and equipment
2,074

Total assets of hotel properties held for sale, net
$
25,177

Schedule of investment in hotel properties
Investment in hotel properties consisted of the following (in thousands):
 
September 30, 2018
 
December 31, 2017
Land and improvements
$
531,850

 
$
597,451

Buildings and improvements
1,545,752

 
1,801,302

Furniture, fixtures and equipment
116,378

 
126,590

 
2,193,980

 
2,525,343

Accumulated depreciation
(71,526
)
 
(27,463
)
Investment in hotel properties, net
$
2,122,454

 
$
2,497,880