v3.25.1
Investments in Hotel Properties, net
3 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Investments in Hotel Properties, net Investments in Hotel Properties, net
Investments in hotel properties, net consisted of the following (in thousands):
March 31, 2025December 31, 2024
Land$630,842 $630,842 
Buildings and improvements1,429,225 1,430,096 
Furniture, fixtures and equipment164,731 158,470 
Construction in progress20,121 20,420 
Residences12,746 12,746 
Total cost2,257,665 2,252,574 
Accumulated depreciation(487,720)(473,888)
Investments in hotel properties, net$1,769,945 $1,778,686 
Impairment Charges
During the three months ended March 31, 2025 and 2024, no impairment charges were recorded.