CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 360,702	$ 104,363
Restricted cash	87,975	89,306
Accounts receivable, net	43,093	29,941
Inventories	1,275	1,464
Prepaid expenses	11,571	12,612
Total current assets	504,616	237,686
Investment in hotel properties, net	3,230,895	3,231,382
Deferred financing fees, net	7,747	9,219
Goodwill	9,405	9,405
Other assets, net	30,297	21,106
Total assets	3,782,960	3,508,798
Current liabilities:
Accounts payable and accrued expenses	30,192	25,116
Accrued payroll and employee benefits	26,463	29,933
Dividends payable	12,370	11,443
Other current liabilities	38,173	30,288
Current portion of notes payable	122,835	23,289
Total current liabilities	230,033	120,069
Notes payable, less current portion	1,269,587	1,380,786
Capital lease obligations, less current portion	15,576	15,586
Other liabilities	34,106	39,958
Total liabilities	1,549,302	1,556,399
Commitments and contingencies (Note 12)
Preferred stock
Common stock, $0.01 par value, 500,000,000 shares authorized, 180,958,159 shares issued and outstanding at June 30, 2014 and 180,858,699 shares issued and outstanding at December 31, 2013	1,994	1,809
Additional paid in capital	2,335,709	2,068,721
Retained earnings	260,518	224,364
Cumulative dividends	(535,281)	(511,444)
Total stockholders' equity	2,177,940	1,898,450
Non-controlling interest in consolidated joint ventures	55,718	53,949
Total equity	2,233,658	1,952,399
Total liabilities and equity	3,782,960	3,508,798
Series D Cumulative Redeemable Preferred Stock
Preferred stock
Preferred stock 8.0% Cumulative Redeemable Preferred Stock	$ 115,000	$ 115,000