v3.26.1
Investments in Hotel Properties, net
3 Months Ended
Mar. 31, 2026
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, 2026December 31, 2025
Land$360,136 $410,460 
Buildings and improvements2,041,867 2,444,715 
Furniture, fixtures and equipment151,767 171,635 
Construction in progress46,883 24,937 
Hilton Marietta finance lease17,269 17,269 
Total cost2,617,922 3,069,016 
Accumulated depreciation(810,924)(983,772)
Investments in hotel properties, net$1,806,998 $2,085,244