Investment in Hotel Properties (Tables)

9 Months Ended

Sep. 30, 2019

Property, Plant and Equipment [Abstract]

Schedule of investment in hotel properties

Investment in hotel properties consisted of the following (in thousands):

	September 30, 2019			December 31, 2018
Land and improvements	$	500,228		$	532,490
Buildings and improvements	1,448,404			1,555,132
Furniture, fixtures and equipment	127,966			125,207
	2,076,598			2,212,829
Accumulated depreciation	(132,752		)	(89,406		)
Investment in hotel properties, net	$	1,943,846		$	2,123,423