Investment in Hotel Properties (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Investments [Abstract]

Investment in Hotel Properties

Investment in hotel properties, net as of December 31, 2020 and 2019 consisted of the following (in thousands):

	December 31, 2020		December 31, 2019
Land and improvements	$	287,049	$	296,884
Building and improvements	1,195,276		1,216,849
Furniture, fixtures and equipment	84,381		81,707
Renovations in progress	11,225		31,589
	1,577,931		1,627,029
Less: accumulated depreciation	(312,757)		(279,913)
Investment in hotel properties, net	$	1,265,174	$	1,347,116