CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 117,588	$ 120,483
Restricted cash	50,253	42,234
Accounts receivable, net	45,750	28,733
Prepaid expenses and other current assets	14,374	14,338
Assets held for sale, net		76,308
Total current assets	227,965	282,096
Investment in hotel properties, net	2,850,225	2,720,016
Operating lease right-of-use assets, net	17,866	23,161
Deferred financing costs, net	5,382	2,580
Other assets, net	8,945	13,196
Total assets	3,110,383	3,041,049
Current liabilities:
Accounts payable and accrued expenses	60,512	47,701
Accrued payroll and employee benefits	22,413	19,753
Dividends and distributions payable	13,961	3,513
Other current liabilities	68,920	58,884
Current portion of notes payable, net	2,088	20,694
Liabilities of assets held for sale		25,213
Total current liabilities	167,894	175,758
Notes payable, less current portion, net	810,909	588,741
Operating lease obligations, less current portion	18,349	25,120
Other liabilities	9,575	11,656
Total liabilities	1,006,727	801,275
Commitments and contingencies (Note 12)
Stockholders' equity:
Common stock, $0.01 par value, 500,000,000 shares authorized, 211,570,211 shares issued and outstanding at September 30, 2022 and 219,333,783 shares issued and outstanding at December 31, 2021	2,116	2,193
Additional paid in capital	2,487,931	2,631,484
Retained earnings	1,017,890	948,064
Cumulative dividends and distributions	(1,685,531)	(1,664,024)
Total stockholders' equity	2,103,656	2,198,967
Noncontrolling interest in consolidated joint venture		40,807
Total equity	2,103,656	2,239,774
Total liabilities and equity	3,110,383	3,041,049
Series G Cumulative Redeemable Preferred Stock
Stockholders' equity:
Cumulative Redeemable Preferred Stock	66,250	66,250
Series H Cumulative Redeemable Preferred Stock
Stockholders' equity:
Cumulative Redeemable Preferred Stock	115,000	115,000
Series I Cumulative Redeemable Preferred Stock
Stockholders' equity:
Cumulative Redeemable Preferred Stock	$ 100,000	$ 100,000