CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 540,420	$ 816,857
Restricted cash	45,960	48,116
Accounts receivable, net	4,448	35,209
Prepaid expenses and other current assets	8,026	13,550
Assets held for sale	76,683
Total current assets	675,537	913,732
Investment in hotel properties, net	2,645,481	2,872,353
Finance lease right-of-use asset, net	46,917	47,652
Operating lease right-of-use assets, net	40,351	60,629
Deferred financing costs, net	2,305	2,718
Other assets, net	13,110	21,890
Total assets	3,423,701	3,918,974
Current liabilities:
Accounts payable and accrued expenses	42,577	35,614
Accrued payroll and employee benefits	14,845	25,002
Dividends and distributions payable	3,207	135,872
Other current liabilities	36,500	46,955
Current portion of notes payable, net	188,757	82,109
Total current liabilities	285,886	325,552
Notes payable, less current portion, net	829,673	888,954
Finance lease obligation, less current portion	15,570	15,570
Operating lease obligations, less current portion	47,206	49,691
Other liabilities	25,374	18,136
Total liabilities	1,203,709	1,297,903
Commitments and contingencies (Note 12)
Equity
Common stock, $0.01 par value, 500,000,000 shares authorized, 215,635,550 shares issued and outstanding at June 30, 2020 and 224,855,351 shares issued and outstanding at December 31, 2019	2,156	2,249
Additional paid in capital	2,581,637	2,683,913
Retained earnings	1,041,056	1,318,455
Cumulative dividends and distributions	(1,636,970)	(1,619,779)
Total stockholders' equity	2,177,879	2,574,838
Noncontrolling interest in consolidated joint venture	42,113	46,233
Total equity	2,219,992	2,621,071
Total liabilities and equity	3,423,701	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