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Investments in Hotel Properties, net (Tables)
12 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
Schedule of Investments in Hotel Properties, net
Investments in hotel properties, net consisted of the following (in thousands):
December 31, 2020December 31, 2019
Land$630,690 $769,381 
Buildings and improvements3,751,588 4,129,884 
Furniture, fixtures and equipment388,428 503,156 
Construction in progress16,192 29,745 
Condominium properties11,707 12,093 
Total cost4,798,605 5,444,259 
Accumulated depreciation(1,371,623)(1,335,816)
Investments in hotel properties, net$3,426,982 $4,108,443