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Investment in Hotel Properties (Tables)
 12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment [Abstract]  
Schedule of investment in hotel properties
Investment in hotel properties consisted of the following (in thousands):
 
December 31, 2018
 
December 31, 2017
Land and improvements
$
532,490

 
$
597,451

Buildings and improvements
1,555,132

 
1,801,302

Furniture, fixtures and equipment
125,207

 
126,590

 
2,212,829

 
2,525,343

Accumulated depreciation
(89,406
)
 
(27,463
)
Investment in hotel properties, net
$
2,123,423

 
$
2,497,880