CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 730,039	$ 809,316
Restricted cash	46,206	53,053
Accounts receivable, net	44,021	33,844
Prepaid expenses and other current assets	14,359	12,261
Assets held for sale, net	18,481
Total current assets	853,106	908,474
Investment in hotel properties, net	2,910,852	3,030,998
Finance lease right-of-use asset, net	48,019
Operating lease right-of-use assets, net	61,512
Deferred financing costs, net	2,924	3,544
Other assets, net	22,424	29,817
Total assets	3,898,837	3,972,833
Current liabilities:
Accounts payable and accrued expenses	33,140	30,425
Accrued payroll and employee benefits	21,371	25,039
Dividends and distributions payable	14,451	126,461
Other current liabilities	45,843	44,962
Current portion of notes payable, net	6,271	5,838
Liabilities of assets held for sale	12,446
Total current liabilities	133,522	232,725
Notes payable, less current portion, net	966,496	971,225
Finance lease obligation, less current portion	15,571	27,009
Operating lease obligations, less current portion	50,905
Other liabilities	19,824	30,703
Total liabilities	1,186,318	1,261,662
Commitments and contingencies (Note 12)
Equity
Common stock, $0.01 par value, 500,000,000 shares authorized, 224,861,978 shares issued and outstanding at September 30, 2019 and 228,246,247 shares issued and outstanding at December 31, 2018	2,249	2,282
Additional paid in capital	2,681,754	2,728,684
Retained earnings	1,274,039	1,182,722
Cumulative dividends and distributions	(1,483,907)	(1,440,202)
Total stockholders' equity	2,664,135	2,663,486
Noncontrolling interest in consolidated joint venture	48,384	47,685
Total equity	2,712,519	2,711,171
Total liabilities and equity	3,898,837	3,972,833
Series E Cumulative Redeemable Preferred Stock
Equity
Cumulative Redeemable Preferred Stock	115,000	115,000
Series F Cumulative Redeemable Preferred Stock
Equity
Cumulative Redeemable Preferred Stock	$ 75,000	$ 75,000