Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Investments in real estate:
Hotels, at cost (inclusive of $530,666 and $525,635, respectively, attributable to variable interest entities, or VIEs)	$ 2,302,010	$ 2,208,941
Accumulated depreciation (inclusive of $19,298 and $15,341, respectively, attributable to VIEs)	(134,844)	(115,639)
Net investments in hotels	2,167,166	2,093,302
Equity investments in real estate	80,481	79,901
Cash (inclusive of $13,020 and $15,069, respectively, attributable to VIEs)	77,881	83,112
Intangible assets, net (inclusive of $40,052 and $40,252, respectively, attributable to VIEs)	81,434	81,877
Accounts receivable (inclusive of $15,719 and $7,078, respectively, attributable to VIEs)	29,195	19,790
Restricted cash (inclusive of $7,389 and $11,934, respectively, attributable to VIEs)	60,651	63,727
Other assets (inclusive of $4,663 and $4,901, respectively, attributable to VIEs)	26,061	30,050
Total assets	2,522,869	2,451,759
Liabilities:
Non-recourse debt, net (inclusive of $318,333 and $318,936, respectively, attributable to VIEs)	1,434,566	1,350,835
Long-term Line of Credit	35,000	20,000
Accounts payable, accrued expenses and other liabilities (inclusive of $31,049 and $29,437, respectively, attributable to VIEs)	116,477	103,464
Due to related parties and affiliates	3,991	3,104
Distributions payable	19,027	18,909
Total liabilities	$ 1,609,061	$ 1,496,312
Commitments and contingencies (Note 10)
CWI stockholders’ equity:
Common stock, $0.001 par value; 300,000,000 shares authorized; 133,520,416 and 132,686,254 shares, respectively, issued and outstanding	$ 134	$ 134
Additional paid-in capital	1,105,362	1,112,640
Distributions and accumulated losses	(271,322)	(241,379)
Accumulated other comprehensive loss	(2,352)	(885)
Total CWI stockholders’ equity	831,822	870,510
Noncontrolling interests	81,986	84,937
Total equity	913,808	955,447
Total liabilities and equity	$ 2,522,869	$ 2,451,759