Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
ASSETS
Investments in lodging property, net	$ 2,746,340	$ 2,736,975
Investment in lodging property under development	7,617	1,451
Assets held for sale, net	1,650	65,736
Cash and cash equivalents	40,637	37,837
Restricted cash	7,721	9,931
Right-of-use assets, net	33,309	34,814
Trade receivables, net	18,625	21,348
Prepaid expenses and other	9,580	8,865
Deferred charges, net	6,460	6,659
Other assets	24,291	15,632
Total assets	2,896,230	2,939,248
Liabilities:
Debt, net of debt issuance costs	1,396,710	1,430,668
Lease liabilities, net	24,871	25,842
Accounts payable	7,450	4,827
Accrued expenses and other	82,153	81,215
Total liabilities	1,511,184	1,542,552
Commitments and contingencies (Note 12)
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, 108,435,663 and 107,593,373 shares issued and outstanding at December 31, 2024 and 2023 respectively	1,084	1,076
Additional paid-in capital	1,246,225	1,238,896
Accumulated other comprehensive income	9,173	10,967
Accumulated deficit and distributions in excess of retained earnings	(347,041)	(339,848)
Total stockholders’ equity	909,545	911,195
Non-controlling interests	425,282	435,282
Total equity	1,334,827	1,346,477
Total liabilities, redeemable non-controlling interests and equity	2,896,230	2,939,248
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