Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
ASSETS
Property and equipment, net	$ 2,816,015	$ 2,764,393
Restricted cash	61,817	74,730
Due from hotel managers	88,561	79,827
Favorable lease assets, net	33,338	34,274
Prepaid and other assets	52,040	52,739
Deferred financing costs, net	7,738	8,023
Cash and cash equivalents	87,155	144,365
Total assets	3,146,664	3,158,351
Liabilities:
Mortgage debt	1,034,660	1,038,330
Senior unsecured credit facility	0	0
Total debt	1,034,660	1,038,330
Deferred income related to key money, net	21,294	21,561
Unfavorable contract liabilities, net	76,101	76,220
Due to hotel managers	62,636	59,169
Dividends declared and unpaid	25,414	20,922
Accounts payable and accrued expenses	105,872	113,162
Total liabilities	1,325,977	1,329,364
Stockholders’ Equity:
Preferred stock, $0.01 par value; 10,000,000 shares authorized; no shares issued and outstanding	0	0
Common stock, $0.01 par value; 400,000,000 shares authorized; 200,711,085 and 199,964,041 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively	2,007	2,000
Additional paid-in capital	2,052,091	2,045,755
Accumulated deficit	(233,411)	(218,768)
Total stockholders’ equity	1,820,687	1,828,987
Total liabilities and stockholders’ equity	$ 3,146,664	$ 3,158,351