Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Property and equipment, net	$ 3,029,905	$ 3,026,769
Right-of-use assets	97,242	98,145
Restricted cash	36,359	57,268
Due from hotel managers	62,129	91,207
Prepaid and other assets	24,795	29,853
Cash and cash equivalents	87,837	122,524
Total assets	3,338,267	3,425,766
Liabilities:
Mortgage and other debt, net of unamortized debt issuance costs	605,034	616,329
Unsecured term loans, net of unamortized debt issuance costs	398,267	398,770
Senior unsecured credit facility	148,985	75,000
Total debt	1,152,286	1,090,099
Deferred income related to key money, net	11,144	11,342
Unfavorable contract liabilities, net	66,412	67,422
Deferred rent	54,186	52,012
Lease liabilities	103,588	103,625
Due to hotel managers	80,524	72,445
Distributions declared and unpaid	138	25,815
Accounts payable and accrued expenses	63,424	81,944
Total liabilities	1,531,702	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; 199,516,435 and 200,207,795 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively	1,995	2,002
Additional paid-in capital	2,082,601	2,089,349
Accumulated deficit	(286,198)	(178,861)
Total stockholders’ equity	1,798,398	1,912,490
Noncontrolling interests	8,167	8,572
Total equity	1,806,565	1,921,062
Total liabilities and equity	$ 3,338,267	$ 3,425,766