Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
ASSETS
Investment in hotel properties, net	$ 2,898,512	$ 2,091,973
Undeveloped land	1,500	1,500
Assets held for sale, net	425	425
Cash and cash equivalents	109,999	64,485
Restricted cash	36,061	32,459
Right-of-use assets, net	31,453	26,942
Trade receivables, net	21,019	14,476
Prepaid expenses and other	15,914	24,496
Deferred charges, net	7,520	4,347
Other assets	2,274	3,799
Total assets	3,124,677	2,264,902
Liabilities:
Debt, net of debt issuance costs	1,523,530	1,069,797
Lease liabilities, net	21,724	17,232
Accounts payable	8,332	4,462
Accrued expenses and other	85,803	66,219
Total liabilities	1,639,389	1,157,710
Commitments and contingencies (Note 11)
Redeemable non-controlling interests	50,223	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, 106,894,011 and 106,337,724 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively	1,069	1,063
Additional paid-in capital	1,229,660	1,225,184
Accumulated other comprehensive income (loss)	1,000	(15,639)
Accumulated deficit and distributions in excess of retained earnings	(267,159)	(262,639)
Total stockholders’ equity	964,674	948,073
Non-controlling interests	470,391	159,119
Total equity	1,435,065	1,107,192
Total liabilities, redeemable non-controlling interests and equity	3,124,677	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