XML 47 R27.htm IDEA: XBRL DOCUMENT 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