Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Investment in hotel properties, net	$ 1,416,633	$ 1,333,407
Land held for development	5,742	5,742
Assets held for sale	69,162	133,138
Investment in real estate loans, net	17,582	12,803
Cash and cash equivalents	76,437	29,326
Restricted cash	25,363	23,073
Trade receivables, net	14,937	9,437
Prepaid expenses and other	8,319	15,281
Deferred charges, net	3,694	3,628
Other assets	9,307	9,559
Total assets	1,647,176	1,575,394
Liabilities:
Debt, net of debt issuance costs	622,397	671,536
Accounts payable	4,830	2,947
Accrued expenses and other	46,982	42,174
Derivative financial instruments	2,477	1,811
Total liabilities	676,686	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, 87,267,662 and 86,793,521 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively	873	868
Additional paid-in capital	968,262	894,060
Accumulated other comprehensive loss	(2,309)	(1,666)
Accumulated deficit and distributions	(447)	(40,635)
Total stockholders’ equity	966,493	852,711
Non-controlling interests in Operating Partnership	3,997	4,215
Total equity	970,490	856,926
Total liabilities and equity	1,647,176	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
6.450% Series D Preferred Stock
Preferred stock, $.01 par value per share, 100,000,000 shares authorized:
Preferred stock	$ 30	$ 0