Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Property and equipment, net	$ 3,013,989	$ 3,026,769
Right-of-use assets	96,956	98,145
Restricted cash	31,478	57,268
Due from hotel managers	67,951	91,207
Prepaid and other assets	33,194	29,853
Cash and cash equivalents	110,555	122,524
Total assets	3,354,123	3,425,766
Liabilities:
Mortgage and other debt, net of unamortized debt issuance costs	601,715	616,329
Unsecured term loans, net of unamortized debt issuance costs	398,443	398,770
Senior unsecured credit facility	99,985	75,000
Total debt	1,100,143	1,090,099
Deferred income related to key money, net	11,045	11,342
Unfavorable contract liabilities, net	64,564	67,422
Deferred rent	55,270	52,012
Lease liabilities	104,275	103,625
Due to hotel managers	94,473	72,445
Distributions declared and unpaid	138	25,815
Accounts payable and accrued expenses	82,026	81,944
Total liabilities	1,511,934	1,504,704
Equity:
8.250% Series A Cumulative Redeemable Preferred Stock (liquidation preference $25.00 per share), 4,760,000 and no shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively	48	0
Common stock, $0.01 par value; 400,000,000 shares authorized; 199,518,880 and 200,207,795 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively	1,995	2,002
Additional paid-in capital	2,198,376	2,089,349
Accumulated deficit	(366,635)	(178,861)
Total stockholders’ equity	1,833,784	1,912,490
Noncontrolling interests	8,405	8,572
Total equity	1,842,189	1,921,062
Total liabilities and equity	$ 3,354,123	$ 3,425,766