CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
ASSETS
Investment in hotel properties, net	$ 2,580,421	$ 2,840,928
Operating lease right-of-use assets, net	13,884	15,025
Cash and cash equivalents	113,768	101,223
Restricted Cash	71,228	55,983
Accounts receivable, net	28,646	42,092
Prepaid expenses and other assets, net	33,106	27,566
Assets held for sale, net	247,776
Total assets	3,088,829	3,082,817
LIABILITIES
Debt, net of unamortized deferred financing costs	814,702	812,681
Operating lease obligations, current and noncurrent	17,884	19,012
Accounts payable and accrued expenses	60,854	73,735
Dividends and distributions payable	17,765	13,995
Other liabilities	74,542	78,433
Liabilities of assets held for sale	15,397
Total liabilities	1,001,144	997,856
Commitments and contingencies (Note 12)
Stockholders' equity:
Common stock, $0.01 par value, 500,000,000 shares authorized, 205,623,316 shares issued and outstanding at September 30, 2023 and 209,320,447 shares issued and outstanding at December 31, 2022	2,056	2,093
Additional paid in capital	2,434,649	2,465,595
Distributions in excess of retained earnings	(630,270)	(663,977)
Total stockholders' equity	2,087,685	2,084,961
Total equity	2,087,685	2,084,961
Total liabilities and stockholders' equity	3,088,829	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