Investment in Hotel Properties (Tables)

3 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

Schedule of investment in hotel properties

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

	March 31, 2021		December 31, 2020
Land and improvements	$	501,502	$	501,448
Buildings and improvements	1,487,032		1,481,983
Furniture, fixtures and equipment	146,270		143,546
	2,134,804		2,126,977
Accumulated depreciation	(244,339)		(225,333)
Investment in hotel properties, net	$	1,890,465	$	1,901,644