Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Assets
Investment in hotel properties, net	$ 5,373,171	$ 5,791,925
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	22,472	23,885
Cash and cash equivalents	425,384	586,470
Restricted cash reserves	78,113	72,606
Hotel and other receivables, net of allowance of $610 and $510, respectively	76,914	60,011
Deferred income tax asset, net	52,415	56,761
Intangible Assets, Net (Excluding Goodwill)	53,633	133,211
Prepaid expense and other assets	77,154	69,936
Disposal Group, Including Discontinued Operation, Assets, Current	25,449	0
Total assets	6,184,705	6,794,805
Liabilities and Equity
Debt, net	2,290,164	2,880,488
Accounts payable and other liabilities	203,982	225,664
Deferred income tax liability	5,547	5,547
Advance deposits and deferred revenue	29,506	30,463
Accrued interest	14,296	17,081
Distributions payable	65,746	65,284
Total liabilities	2,609,241	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; 175,215,202 and 174,869,046 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively	1,752	1,749
Additional paid-in capital	3,215,208	3,208,002
Accumulated other comprehensive income	38,315	8,846
Retained Earnings	(113,841)	(82,566)
Total shareholders’ equity	3,508,370	3,502,967
Noncontrolling interest:
Noncontrolling interest in consolidated joint ventures	11,640	11,700
Noncontrolling interest in the Operating Partnership	11,024	11,181
Total noncontrolling interest	22,664	22,881
Limited Liability Company (LLC) Preferred Unit, Issuance Value	44,430	44,430
Total equity	3,575,464	3,570,278
Total liabilities and equity	$ 6,184,705	$ 6,794,805