CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 162,898	$ 368,406
Restricted cash	47,490	47,733
Accounts receivable, net	25,044	8,566
Prepaid expenses and other current assets	7,413	10,440
Total current assets	242,845	435,145
Investment in hotel properties, net	2,687,395	2,461,498
Finance lease right-of-use asset, net	45,447	46,182
Operating lease right-of-use assets, net	24,939	26,093
Deferred financing costs, net	3,403	4,354
Other assets, net	11,333	12,445
Total assets	3,015,362	2,985,717
Current liabilities:
Accounts payable and accrued expenses	41,046	37,326
Accrued payroll and employee benefits	17,429	15,392
Dividends and distributions payable	2,225	3,208
Other current liabilities	50,693	32,606
Current portion of notes payable, net	2,331	2,261
Total current liabilities	113,724	90,793
Notes payable, less current portion, net	741,337	742,528
Finance lease obligation, less current portion	15,568	15,569
Operating lease obligations, less current portion	27,816	29,954
Other liabilities	13,612	17,494
Total liabilities	912,057	896,338
Commitments and contingencies (Note 11)
Equity
Common stock, $0.01 par value, 500,000,000 shares authorized, 219,043,105 shares issued and outstanding at June 30, 2021 and 215,593,401 shares issued and outstanding at December 31, 2020	2,190	2,156
Additional paid in capital	2,626,582	2,586,108
Retained earnings	833,132	913,766
Cumulative dividends and distributions	(1,654,388)	(1,643,386)
Total stockholders' equity	2,063,766	2,048,644
Noncontrolling interest in consolidated joint venture	39,539	40,735
Total equity	2,103,305	2,089,379
Total liabilities and equity	3,015,362	2,985,717
Series E Cumulative Redeemable Preferred Stock
Equity
Cumulative Redeemable Preferred Stock		115,000
Series F Cumulative Redeemable Preferred Stock
Equity
Cumulative Redeemable Preferred Stock	75,000	$ 75,000
Series G Cumulative Redeemable Preferred Stock
Equity
Cumulative Redeemable Preferred Stock	66,250
Series H Cumulative Redeemable Preferred Stock
Equity
Cumulative Redeemable Preferred Stock	$ 115,000