Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
ASSETS
Investment in hotel properties, net	$ 2,882,143	$ 2,091,973
Undeveloped land	1,500	1,500
Assets held for sale, net	425	425
Cash and cash equivalents	72,617	64,485
Restricted cash	18,628	32,459
Right-of-use assets, net	35,416	26,942
Trade receivables, net	23,512	14,476
Prepaid expenses and other	15,266	24,496
Deferred charges, net	7,353	4,347
Other assets	19,021	3,799
Total assets	3,075,881	2,264,902
Liabilities:
Debt, net of debt issuance costs	1,468,341	1,069,797
Lease liabilities, net	25,753	17,232
Accounts payable	5,901	4,462
Accrued expenses and other	94,623	66,219
Total liabilities	1,594,618	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, 106,893,912 and 106,337,724 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively	1,069	1,063
Additional paid-in capital	1,230,848	1,225,184
Accumulated other comprehensive income (loss)	15,533	(15,639)
Accumulated deficit and distributions in excess of retained earnings	(271,951)	(262,639)
Total stockholders’ equity	975,603	948,073
Non-controlling interests	455,437	159,119
Total equity	1,431,040	1,107,192
Total liabilities, redeemable non-controlling interests and equity	3,075,881	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