CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 107,329	$ 120,483
Restricted cash	45,611	42,234
Accounts receivable, net	42,151	28,733
Prepaid expenses and other current assets	14,137	14,338
Assets held for sale, net		76,308
Total current assets	209,228	282,096
Investment in hotel properties, net	2,847,800	2,720,016
Operating lease right-of-use assets, net	18,881	23,161
Deferred financing costs, net	1,406	2,580
Other assets, net	9,308	13,196
Total assets	3,086,623	3,041,049
Current liabilities:
Accounts payable and accrued expenses	63,451	47,701
Accrued payroll and employee benefits	18,716	19,753
Dividends payable	4,360	3,513
Other current liabilities	63,715	58,884
Current portion of notes payable, net	1,646	20,694
Liabilities of assets held for sale		25,213
Total current liabilities	151,888	175,758
Notes payable, less current portion, net	802,376	588,741
Operating lease obligations, less current portion	19,796	25,120
Other liabilities	9,118	11,656
Total liabilities	983,178	801,275
Commitments and contingencies (Note 12)
Equity
Common stock, $0.01 par value, 500,000,000 shares authorized, 212,450,788 shares issued and outstanding at June 30, 2022 and 219,333,783 shares issued and outstanding at December 31, 2021	2,125	2,193
Additional paid in capital	2,494,238	2,631,484
Retained earnings	997,402	948,064
Cumulative dividends and distributions	(1,671,570)	(1,664,024)
Total stockholders' equity	2,103,445	2,198,967
Noncontrolling interest in consolidated joint venture		40,807
Total equity	2,103,445	2,239,774
Total liabilities and equity	3,086,623	3,041,049
Series G Cumulative Redeemable Preferred Stock
Equity
Cumulative Redeemable Preferred Stock	66,250	66,250
Series H Cumulative Redeemable Preferred Stock
Equity
Cumulative Redeemable Preferred Stock	115,000	115,000
Series I Cumulative Redeemable Preferred Stock
Equity
Cumulative Redeemable Preferred Stock	$ 100,000	$ 100,000