CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Investment in hotel properties, net	$ 2,585,279	$ 2,840,928
Operating lease right-of-use assets, net	12,755	15,025
Cash and cash equivalents	426,403	101,223
Restricted Cash	67,295	55,983
Accounts receivable, net	31,206	42,092
Prepaid expenses and other assets, net	26,383	27,566
Total assets	3,149,321	3,082,817
LIABILITIES
Debt, net of unamortized deferred financing costs	814,559	812,681
Operating lease obligations, current and noncurrent	16,735	19,012
Accounts payable and accrued expenses	48,410	73,735
Dividends and distributions payable	29,965	13,995
Other liabilities	73,014	78,433
Total liabilities	982,683	997,856
Commitments and contingencies (Note 13)
Stockholders' equity:
Common stock, $0.01 par value, 500,000,000 shares authorized, 203,479,585 shares issued and outstanding at December 31, 2023 and 209,320,447 shares issued and outstanding at December 31, 2022	2,035	2,093
Additional paid in capital	2,416,417	2,465,595
Distributions in excess of retained earnings	(533,064)	(663,977)
Total stockholders' equity	2,166,638	2,084,961
Total equity	2,166,638	2,084,961
Total liabilities and stockholders' equity	3,149,321	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