Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
ASSETS
Investment in hotel properties, net	$ 2,023,551	$ 2,059,492
Investment in hotel properties under development	28,267	23,793
Land held for development	2,942	2,942
Assets held for sale, net	23,161	1,193
Investment in real estate loans, net	18,454	12,356
Cash and cash equivalents	43,435	36,545
Restricted cash	31,483	29,462
Trade receivables, net	20,844	16,985
Prepaid expenses and other	8,654	9,454
Deferred charges, net	5,050	5,221
Other assets	16,037	12,431
Total assets	2,221,878	2,209,874
Liabilities:
Debt, net of debt issuance costs	975,316	868,236
Accounts payable	4,748	7,774
Accrued expenses and other	60,941	56,488
Total liabilities	1,041,005	932,498
Commitments and contingencies (Note 8)
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized:
Common stock, $0.01 par value per share, 500,000,000 shares authorized, 104,683,798 and 104,287,128 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively	1,047	1,043
Additional paid-in capital	1,180,421	1,262,679
Accumulated other comprehensive income	5,183	1,451
(Distributions in excess of retained earnings) retained earnings	(8,710)	9,201
Total stockholders’ equity	1,178,035	1,274,502
Non-controlling interests in operating partnership	2,838	2,874
Total equity	1,180,873	1,277,376
Total liabilities and equity	2,221,878	2,209,874
7.125% Series C Preferred Stock
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized:
Preferred stock	0	34
6.45% Series D Preferred Stock
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized:
Preferred stock	30	30
6.25% Series E Preferred Stock
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized:
Preferred stock	$ 64	$ 64