Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Property and equipment, net	$ 3,047,009	$ 3,026,769
Right-of-use assets	97,538	98,145
Restricted cash	47,072	57,268
Due from hotel managers	72,396	91,207
Prepaid and other assets	19,201	29,853
Cash and cash equivalents	387,825	122,524
Total assets	3,671,041	3,425,766
Liabilities:
Mortgage and other debt, net of unamortized debt issuance costs	613,067	616,329
Unsecured term loans, net of unamortized debt issuance costs	398,841	398,770
Senior unsecured credit facility	400,000	75,000
Total debt	1,411,908	1,090,099
Deferred income related to key money, net	11,243	11,342
Unfavorable contract liabilities, net	66,856	67,422
Deferred rent	53,050	52,012
Lease liabilities	102,923	103,625
Due to hotel managers	69,514	72,445
Distributions declared and unpaid	143	25,815
Accounts payable and accrued expenses	78,807	81,944
Total liabilities	1,794,444	1,504,704
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; 199,243,338 and 200,207,795 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively	1,992	2,002
Additional paid-in capital	2,079,534	2,089,349
Accumulated deficit	(213,420)	(178,861)
Total stockholders’ equity	1,868,106	1,912,490
Noncontrolling interests	8,491	8,572
Total equity	1,876,597	1,921,062
Total liabilities and equity	$ 3,671,041	$ 3,425,766