Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Investment in hotel properties, net	$ 1,434,015	$ 1,333,407
Land held for development	5,742	5,742
Assets held for sale	86,785	133,138
Investment in real estate loans, net	17,664	12,803
Cash and cash equivalents	33,972	29,326
Restricted cash	24,775	23,073
Trade receivables, net	15,009	9,437
Prepaid expenses and other	6,258	15,281
Deferred charges, net	3,842	3,628
Other assets	9,375	9,559
Total assets	1,637,437	1,575,394
Liabilities:
Debt, net of debt issuance costs	697,298	671,536
Accounts payable	3,782	2,947
Accrued expenses and other	43,112	42,174
Derivative financial instruments	2,443	1,811
Total liabilities	$ 746,635	$ 718,468
Commitments and contingencies (Note 8)
Preferred stock, $.01 par value per share, 100,000,000 shares authorized:
Common stock, $.01 par value per share, 500,000,000 shares authorized, 87,219,846 and 86,793,521 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	$ 872	$ 868
Additional paid-in capital	894,482	894,060
Accumulated other comprehensive loss	(2,294)	(1,666)
Accumulated deficit and distributions	(6,495)	(40,635)
Total stockholders’ equity	886,649	852,711
Non-controlling interests in Operating Partnership	4,153	4,215
Total equity	890,802	856,926
Total liabilities and equity	1,637,437	1,575,394
9.25% Series A Preferred Stock
Preferred stock, $.01 par value per share, 100,000,000 shares authorized:
Preferred stock	20	20
7.875% Series B Preferred Stock
Preferred stock, $.01 par value per share, 100,000,000 shares authorized:
Preferred stock	30	30
7.125% Series C Preferred Stock
Preferred stock, $.01 par value per share, 100,000,000 shares authorized:
Preferred stock	$ 34	$ 34