| Schedule of Investment in Hotel Properties |
Investment in hotel properties as of June 30, 2026 and December 31, 2025 consisted of the following (in thousands): | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Land | $ | 740,046 | | | $ | 754,384 | | | Buildings and improvements | 4,966,919 | | | 4,995,530 | | | Furniture, fixtures and equipment | 525,274 | | | 526,414 | | | Finance lease asset | 91,181 | | | 91,181 | | | Construction in progress | 3,644 | | | 1,203 | | | $ | 6,327,064 | | | $ | 6,368,712 | | | Right-of-use asset, operating leases | 351,976 | | | 353,873 | | | Investment in hotel properties | $ | 6,679,040 | | | $ | 6,722,585 | | | Less: Accumulated depreciation | (1,787,248) | | | (1,699,128) | | | Investment in hotel properties, net | $ | 4,891,792 | | | $ | 5,023,457 | |
|