Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
ASSETS
Investment in hotel properties, net	$ 2,105,946	$ 2,184,232
Undeveloped land	1,500	1,500
Assets held for sale, net	425	425
Cash and cash equivalents	20,719	42,238
Restricted cash	18,177	27,595
Investment in real estate loans, net	23,689	30,936
Right-of-use assets, net	28,420	29,884
Trade receivables, net	11,775	13,281
Prepaid expenses and other	9,763	8,844
Deferred charges, net	4,429	4,709
Other assets	8,176	12,039
Total assets	2,233,019	2,355,683
Liabilities:
Debt, net of debt issuance costs	1,094,745	1,016,163
Lease liabilities, net	18,438	19,604
Accounts payable	2,674	4,767
Accrued expenses and other	65,099	71,759
Total liabilities	1,180,956	1,112,293
Commitments and contingencies (Note 11)
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, 105,708,787 and 105,169,515 shares issued and outstanding at December 31, 2020 and 2019, respectively	1,057	1,052
Additional paid-in capital	1,197,320	1,190,949
Accumulated other comprehensive loss	(30,716)	(16,034)
Accumulated deficit and distributions in excess of retained earnings	(179,013)	(2,283)
Total stockholders’ equity	988,742	1,173,778
Non-controlling interests in operating partnership	1,111	1,809
Non-controlling interests in joint venture (Note 9)	62,210	67,803
Total equity	1,052,063	1,243,390
Total liabilities and equity	2,233,019	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