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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Investments in lodging property, net $ 2,856,006 $ 2,841,856
Assets held for sale, net 1,650 29,166
Cash and cash equivalents 58,456 51,255
Restricted cash 11,953 10,553
Right-of-use assets, net 35,624 35,023
Trade receivables, net 22,112 21,015
Prepaid expenses and other 15,641 8,378
Deferred charges, net 7,079 7,074
Other assets 25,166 17,950
Total assets 3,033,687 3,022,270
Liabilities:    
Debt, net of debt issuance costs 1,450,854 1,451,796
Lease liabilities, net 26,383 25,484
Accounts payable 5,479 5,517
Accrued expenses and other 88,776 81,304
Total liabilities 1,571,492 1,564,101
Commitments and contingencies (Note 11)
Redeemable non-controlling interests 50,219 50,219
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, 107,569,738 and 106,901,576 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 1,076 1,069
Additional paid-in capital 1,234,947 1,232,302
Accumulated other comprehensive income 18,007 14,538
Accumulated deficit and distributions in excess of retained earnings (304,888) (288,200)
Total stockholders’ equity 949,246 959,813
Non-controlling interests 462,730 448,137
Total equity 1,411,976 1,407,950
Total liabilities, redeemable non-controlling interests and equity 3,033,687 3,022,270
6.25% Series E Preferred Stock    
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized:    
Preferred stock 64 64
Series F Cumulative Redeemable Preferred Stock    
Preferred stock, $0.01 par value per share, 100,000,000 shares authorized:    
Preferred stock $ 40 $ 40