Investment in Hotels

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Investment in hotels consisted of the following (in thousands):



	December 31,
	2013			2012
Building and improvements	$	1,833,165		$	1,962,164
Furniture, fixtures and equipment	482,628			488,237
Land	234,447			248,614
Construction in progress	32,828			24,847
	2,583,068			2,723,862
Accumulated depreciation	(929,801		)	(929,298		)
	$	1,653,267		$	1,794,564

In 2013, we retired fully depreciated furniture, fixtures and equipment aggregating approximately $43.0 million.

We invested $101.4 million and $121.5 million in additions and improvements to our consolidated hotels during the years ended December 31, 2013 and 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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