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Property and Equipment, net
3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
Property and equipment, net consisted of the following (in thousands):

March 31, 2024December 31, 2023
Buildings and improvements$8,457,299 $8,459,085 
Land and improvements1,229,729 1,228,652 
Furniture, fixtures and equipment3,347,883 3,311,478 
Airplanes110,623 110,623 
Construction in progress188,842 162,592 
13,334,376 13,272,430 
Less: accumulated depreciation(6,727,851)(6,583,951)
$6,606,525 $6,688,479 

As of March 31, 2024 and December 31, 2023, construction in progress consisted primarily of costs capitalized for various capital enhancements at the Company's properties.
Depreciation expense for the three months ended March 31, 2024 and 2023 was $158.1 million and $154.1 million, respectively.