CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 120,483	$ 368,406
Restricted cash	42,234	47,733
Accounts receivable, net	28,733	8,566
Prepaid expenses and other current assets	14,338	10,440
Assets held for sale, net	76,308
Total current assets	282,096	435,145
Investment in hotel properties, net	2,720,016	2,461,498
Finance lease right-of-use asset, net		46,182
Operating lease right-of-use assets, net	23,161	26,093
Deferred financing costs, net	2,580	4,354
Other assets, net	13,196	12,445
Total assets	3,041,049	2,985,717
Current liabilities:
Accounts payable and accrued expenses	47,701	37,326
Accrued payroll and employee benefits	19,753	15,392
Dividends payable	3,513	3,208
Other current liabilities	58,884	32,606
Current portion of notes payable, net	20,694	2,261
Liabilities of assets held for sale	25,213
Total current liabilities	175,758	90,793
Notes payable, less current portion, net	588,741	742,528
Finance lease obligation, less current portion		15,569
Operating lease obligations, less current portion	25,120	29,954
Other liabilities	11,656	17,494
Total liabilities	801,275	896,338
Commitments and contingencies (Note 13)
Equity
Common stock, $0.01 par value, 500,000,000 shares authorized, 219,333,783 shares issued and outstanding at December 31, 2021 and 215,593,401 shares issued and outstanding at December 31, 2020	2,193	2,156
Additional paid in capital	2,631,484	2,586,108
Retained earnings	948,064	913,766
Cumulative dividends and distributions	(1,664,024)	(1,643,386)
Total stockholders' equity	2,198,967	2,048,644
Noncontrolling interest in consolidated joint venture	40,807	40,735
Total equity	2,239,774	2,089,379
Total liabilities and equity	3,041,049	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
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
Series I Cumulative Redeemable Preferred Stock
Equity
Cumulative Redeemable Preferred Stock	$ 100,000