Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Investment in hotel properties, net	$ 2,091,973	$ 2,105,946
Undeveloped land	1,500	1,500
Assets held for sale, net	425	425
Cash and cash equivalents	64,485	20,719
Restricted cash	32,459	18,177
Investment in real estate loans, net	0	23,689
Right-of-use assets, net	26,942	28,420
Trade receivables, net	14,476	11,775
Prepaid expenses and other	24,496	9,763
Deferred charges, net	4,347	4,429
Other assets	3,799	8,176
Total assets	2,264,902	2,233,019
Liabilities:
Debt, net of debt issuance costs	1,069,797	1,094,745
Lease liabilities, net	17,232	18,438
Accounts payable	4,462	2,674
Accrued expenses and other	66,219	65,099
Total liabilities	1,157,710	1,180,956
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, 106,337,724 and 105,708,787 shares issued and outstanding at December 31, 2021 and 2020, respectively	1,063	1,057
Additional paid-in capital	1,225,184	1,197,320
Accumulated other comprehensive loss	(15,639)	(30,716)
Accumulated deficit and distributions in excess of retained earnings	(262,639)	(179,013)
Total stockholders’ equity	948,073	988,742
Non-controlling interests in operating partnership	793	1,111
Non-controlling interests in joint venture (Note 9)	158,326	62,210
Total equity	1,107,192	1,052,063
Total liabilities and equity	2,264,902	2,233,019
6.45% Series D Preferred Stock
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized:
Preferred stock	0	30
6.25% Series E Preferred Stock
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized:
Preferred stock	64	64
5.875% Series F Preferred Stock
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized:
Preferred stock	$ 40	$ 0