Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Property and equipment, net	$ 2,896,383	$ 2,764,393
Restricted cash	60,203	74,730
Due from hotel managers	100,323	79,827
Favorable lease assets, net	24,171	34,274
Prepaid and other assets	54,314	52,739
Deferred financing costs, net	7,751	8,023
Cash and cash equivalents	84,123	144,365
Total assets	3,227,268	3,158,351
Liabilities:
Mortgage debt	1,007,326	1,038,330
Senior unsecured credit facility	90,000	0
Total debt	1,097,326	1,038,330
Deferred income related to key money, net	21,027	21,561
Unfavorable contract liabilities, net	75,613	76,220
Due to hotel managers	66,965	59,169
Dividends declared and unpaid	25,479	20,922
Accounts payable and accrued expenses	118,786	113,162
Total liabilities	1,405,196	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; 200,735,245 and 199,964,041 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively	2,007	2,000
Additional paid-in capital	2,053,938	2,045,755
Accumulated deficit	(233,873)	(218,768)
Total stockholders’ equity	1,822,072	1,828,987
Total liabilities and stockholders’ equity	$ 3,227,268	$ 3,158,351