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Investments in Hotel Properties, net (Tables)
9 Months Ended
Sep. 30, 2020
Property, Plant and Equipment [Abstract]  
Schedule of Investments in Hotel Properties, net
Investments in hotel properties, net consisted of the following (in thousands):
 
September 30, 2020
 
December 31, 2019
Land
$
632,015

 
$
769,381

Buildings and improvements
3,764,196

 
4,129,884

Furniture, fixtures and equipment
413,003

 
503,156

Construction in progress
12,637

 
29,745

Condominium properties
11,740

 
12,093

Total cost
4,833,591

 
5,444,259

Accumulated depreciation
(1,349,572
)
 
(1,335,816
)
Investments in hotel properties, net
$
3,484,019

 
$
4,108,443