CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 107,846	$ 101,223
Restricted cash	55,668	55,983
Accounts receivable, net	48,043	42,092
Prepaid expenses and other current assets	15,268	14,668
Total current assets	226,825	213,966
Investment in hotel properties, net	2,830,739	2,840,928
Operating lease right-of-use assets, net	14,999	15,025
Deferred financing costs, net	4,329	5,031
Other assets, net	9,319	7,867
Total assets	3,086,211	3,082,817
Current liabilities:
Accounts payable and accrued expenses	44,972	56,849
Accrued payroll and employee benefits	18,501	22,801
Dividends and distributions payable	14,891	13,995
Other current liabilities	66,481	65,213
Current portion of notes payable, net	2,065	222,030
Total current liabilities	146,910	380,888
Notes payable, less current portion, net	812,766	590,651
Operating lease obligations, less current portion	14,267	14,360
Other liabilities	11,144	11,957
Total liabilities	985,087	997,856
Commitments and contingencies (Note 11)
Stockholders' equity:
Common stock, $0.01 par value, 500,000,000 shares authorized, 207,184,691 shares issued and outstanding at June 30, 2023 and 209,320,447 shares issued and outstanding at December 31, 2022	2,072	2,093
Additional paid in capital	2,446,047	2,465,595
Retained earnings	1,099,518	1,035,353
Cumulative dividends and distributions	(1,727,763)	(1,699,330)
Total stockholders' equity	2,101,124	2,084,961
Total equity	2,101,124	2,084,961
Total liabilities and stockholders' equity	3,086,211	3,082,817
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