Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Investment in hotel properties, net	$ 2,848,401	$ 2,091,973
Undeveloped land	1,500	1,500
Assets held for sale, net	52,801	425
Cash and cash equivalents	82,397	64,485
Restricted cash	32,836	32,459
Right-of-use assets, net	31,841	26,942
Trade receivables, net	28,202	14,476
Prepaid expenses and other	17,000	24,496
Deferred charges, net	7,832	4,347
Other assets	3,789	3,799
Total assets	3,106,599	2,264,902
Liabilities:
Debt, net of debt issuance costs	1,481,895	1,069,797
Lease liabilities, net	22,049	17,232
Accounts payable	5,341	4,462
Accrued expenses and other	75,699	66,219
Total liabilities	1,584,984	1,157,710
Commitments and contingencies (Note 11)
Redeemable non-controlling interests	50,220	0
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, 106,960,863 and 106,337,724 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively	1,069	1,063
Additional paid-in capital	1,230,094	1,225,184
Accumulated other comprehensive loss	(4,903)	(15,639)
Accumulated deficit and distributions in excess of retained earnings	(275,018)	(262,639)
Total stockholders’ equity	951,346	948,073
Non-controlling interests in operating partnership	158,646	793
Non-controlling interests in joint venture	361,403	158,326
Total equity	1,471,395	1,107,192
Total liabilities, redeemable non-controlling interests and equity	3,106,599	2,264,902
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	$ 40