Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Assets
Investment in hotel properties, net	$ 5,636,933	$ 5,791,925
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	23,254	23,885
Cash and cash equivalents	401,943	586,470
Restricted cash reserves	76,380	72,606
Hotel and other receivables, net of allowance of $577 and $510, respectively	76,833	60,011
Deferred income tax asset, net	57,457	56,761
Intangible Assets, Net (Excluding Goodwill)	128,794	133,211
Prepaid expense and other assets	85,412	69,936
Total assets	6,487,006	6,794,805
Liabilities and Equity
Debt, net	2,621,737	2,880,488
Accounts payable and other liabilities	192,352	225,664
Deferred income tax liability	5,547	5,547
Advance deposits and deferred revenue	37,337	30,463
Accrued interest	15,059	17,081
Distributions payable	65,574	65,284
Total liabilities	2,937,606	3,224,527
Commitments and Contingencies (Note 12)
Shareholders’ equity:
Preferred shares of beneficial interest, $0.01 par value, 50,000,000 shares authorized	366,936	366,936
Common shares of beneficial interest, $0.01 par value, 450,000,000 shares authorized; 175,205,952 and 174,869,046 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively	1,752	1,749
Additional paid-in capital	3,210,185	3,208,002
Accumulated other comprehensive income	26,703	8,846
Retained Earnings	(123,144)	(82,566)
Total shareholders’ equity	3,482,432	3,502,967
Noncontrolling interest:
Noncontrolling interest in consolidated joint ventures	11,540	11,700
Noncontrolling interest in the Operating Partnership	10,998	11,181
Total noncontrolling interest	22,538	22,881
Limited Liability Company (LLC) Preferred Unit, Issuance Value	44,430	44,430
Total equity	3,549,400	3,570,278
Total liabilities and equity	$ 6,487,006	$ 6,794,805