CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 461,288	$ 816,857
Restricted cash	42,346	48,116
Accounts receivable, net	4,624	35,209
Prepaid expenses and other current assets	14,500	13,550
Total current assets	522,758	913,732
Investment in hotel properties, net	2,621,476	2,872,353
Finance lease right-of-use asset, net	46,549	47,652
Operating lease right-of-use assets, net	39,489	60,629
Deferred financing costs, net	3,686	2,718
Other assets, net	12,824	21,890
Total assets	3,246,782	3,918,974
Current liabilities:
Accounts payable and accrued expenses	44,162	35,614
Accrued payroll and employee benefits	15,747	25,002
Dividends and distributions payable	3,208	135,872
Other current liabilities	36,562	46,955
Current portion of notes payable, net	188,096	82,109
Total current liabilities	287,775	325,552
Notes payable, less current portion, net	743,545	888,954
Finance lease obligation, less current portion	15,569	15,570
Operating lease obligations, less current portion	45,939	49,691
Other liabilities	25,909	18,136
Total liabilities	1,118,737	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 September 30, 2020 and 224,855,351 shares issued and outstanding at December 31, 2019	2,156	2,249
Additional paid in capital	2,584,005	2,683,913
Retained earnings	951,765	1,318,455
Cumulative dividends and distributions	(1,640,178)	(1,619,779)
Total stockholders' equity	2,087,748	2,574,838
Noncontrolling interest in consolidated joint venture	40,297	46,233
Total equity	2,128,045	2,621,071
Total liabilities and equity	3,246,782	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