Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Investment in hotel properties, net	$ 2,169,314	$ 2,184,232
Undeveloped land	1,500	1,500
Assets held for sale, net	425	425
Investment in real estate loans, net	28,958	30,936
Right-of-use assets, net	29,577	29,884
Cash and cash equivalents	131,267	42,238
Restricted cash	28,597	27,595
Receivables from Customers	11,356	13,281
Prepaid expenses and other	8,297	8,844
Deferred charges, net	4,594	4,709
Other assets	9,235	12,039
Total assets	2,423,120	2,355,683
Liabilities:
Debt, net of debt issuance costs	1,135,019	1,016,163
Lease liabilities	19,384	19,604
Accounts payable	5,725	4,767
Accrued expenses and other	76,097	71,759
Total liabilities	1,236,225	1,112,293
Commitments and contingencies (Note 10)
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, 105,574,400 and 105,169,515 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively	1,056	1,052
Additional paid-in capital	1,191,964	1,190,949
Accumulated other comprehensive loss	(35,044)	(16,034)
Distributions in excess of retained earnings	(39,868)	(2,283)
Total stockholders’ equity	1,118,202	1,173,778
Non-controlling interests in operating partnership	1,658	1,809
Non-controlling interests in joint venture (Note 8)	67,035	67,803
Total equity	1,186,895	1,243,390
Total liabilities and equity	2,423,120	2,355,683
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