Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
ASSETS
Property and equipment, net	$ 2,885,190	$ 2,764,393
Restricted cash	55,656	74,730
Due from hotel managers	102,222	79,827
Favorable lease assets, net	24,057	34,274
Prepaid and other assets	53,671	52,739
Deferred financing costs, net	7,574	8,023
Cash and cash equivalents	61,977	144,365
Total assets	3,190,347	3,158,351
Liabilities:
Mortgage debt	1,031,198	1,038,330
Senior unsecured credit facility	25,000	0
Total debt	1,056,198	1,038,330
Deferred income related to key money, net	20,722	21,561
Unfavorable contract liabilities, net	75,135	76,220
Due to hotel managers	68,399	59,169
Dividends declared and unpaid	25,540	20,922
Accounts payable and accrued expenses	121,600	113,162
Total liabilities	1,367,594	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; 200,741,777 and 199,964,041 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively	2,007	2,000
Additional paid-in capital	2,055,467	2,045,755
Accumulated deficit	(234,721)	(218,768)
Total stockholders’ equity	1,822,753	1,828,987
Total liabilities and stockholders’ equity	$ 3,190,347	$ 3,158,351