CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 847,445	$ 816,857
Restricted cash	53,485	48,116
Accounts receivable, net	23,134	35,209
Prepaid expenses and other current assets	14,192	13,550
Total current assets	938,256	913,732
Investment in hotel properties, net	2,756,412	2,872,353
Finance lease right-of-use asset, net	47,284	47,652
Operating lease right-of-use assets, net	41,198	60,629
Deferred financing costs, net	2,511	2,718
Other assets, net	13,879	21,890
Total assets	3,799,540	3,918,974
Current liabilities:
Accounts payable and accrued expenses	39,072	35,614
Accrued payroll and employee benefits	17,142	25,002
Dividends and distributions payable	13,984	135,872
Other current liabilities	33,831	46,955
Current portion of notes payable, net	82,189	82,109
Total current liabilities	186,218	325,552
Notes payable, less current portion, net	1,187,468	888,954
Finance lease obligation, less current portion	15,570	15,570
Operating lease obligations, less current portion	48,460	49,691
Other liabilities	24,818	18,136
Total liabilities	1,462,534	1,297,903
Commitments and contingencies (Note 11)
Equity
Common stock, $0.01 par value, 500,000,000 shares authorized, 215,541,134 shares issued and outstanding at March 31, 2020 and 224,855,351 shares issued and outstanding at December 31, 2019	2,155	2,249
Additional paid in capital	2,578,445	2,683,913
Retained earnings	1,156,394	1,318,455
Cumulative dividends and distributions	(1,633,763)	(1,619,779)
Total stockholders' equity	2,293,231	2,574,838
Noncontrolling interest in consolidated joint venture	43,775	46,233
Total equity	2,337,006	2,621,071
Total liabilities and equity	3,799,540	3,918,974
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