v3.25.2
Note 5 - Investment in Hotel Properties
6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Real Estate Disclosure [Text Block]

5.

Investment in Hotel Properties

 

Investment in hotel properties, net

 

Investment in hotel properties, net as of  June 30, 2025 and  December 31, 2024 consisted of the following (in thousands):

 

  

June 30, 2025

  

December 31, 2024

 

Land and improvements

 $270,046  $280,415 

Building and improvements

  1,185,836   1,232,438 

Furniture, fixtures and equipment

  87,561   107,947 

Finance lease assets

  43,798   43,760 

Renovations in progress

  8,624   17,232 
   1,595,865   1,681,792 

Less accumulated depreciation and amortization

  (458,680)  (484,274)

Investment in hotel properties, net

 $1,137,185  $1,197,518