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v3.3.1.900
Investment in Hotel Properties (Tables)
12 Months Ended
Dec. 31, 2015
Investments Schedule [Abstract]
Investment in Hotel Properties
Investment in hotel properties as of
December 31, 2015
and
2014
consisted of the following (in thousands):
December 31, 2015
December 31, 2014
Land and improvements
$
274,543
$
261,108
Building and improvements
1,031,649
844,396
Furniture, fixtures and equipment
63,542
61,186
Renovations in progress
8,829
6,574
1,378,563
1,173,264
Less: accumulated depreciation
(120,111
)
(76,839
)
Investment in hotel properties, net
$
1,258,452
$
1,096,425
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