Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Assets
Investment in hotel properties, net	$ 5,378,651	$ 5,791,925
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	22,279	23,885
Cash and cash equivalents	320,147	586,470
Restricted cash reserves	64,695	72,606
Hotel and other receivables, net of allowance of $598 and $510, respectively	52,115	60,011
Deferred income tax asset, net	47,395	56,761
Intangible Assets, Net (Excluding Goodwill)	52,448	133,211
Prepaid expense and other assets	67,367	69,936
Total assets	6,005,097	6,794,805
Liabilities and Equity
Long-term Debt	2,202,676	2,880,488
Accounts payable and other liabilities	203,833	225,664
Deferred income tax liability	2,766	5,547
Advance deposits and deferred revenue	25,411	30,463
Accrued interest	7,913	17,081
Distributions payable	65,557	65,284
Total liabilities	2,508,156	3,224,527
Commitments and Contingencies (Note 12)
Shareholders’ equity:
Series A Cumulative Convertible Preferred Shares, $0.01 par value, 12,950,000 shares authorized; 12,879,475 shares issued and outstanding, liquidation value of $328,266, at December 31, 2018 and 2017	366,936	366,936
Common shares of beneficial interest, $0.01 par value, 450,000,000 shares authorized; 174,019,616 and 174,869,046 shares issued and outstanding at December 31, 2018 and 2017, respectively	1,740	1,749
Additional paid-in capital	3,195,381	3,208,002
Accumulated other comprehensive income	16,195	8,846
Distributions in excess of net earnings	150,476	82,566
Total shareholders’ equity	3,429,776	3,502,967
Noncontrolling interest:
Noncontrolling interest in consolidated joint ventures	11,908	11,700
Noncontrolling interest in the Operating Partnership	10,827	11,181
Total noncontrolling interest	22,735	22,881
Limited Liability Company (LLC) Preferred Unit, Issuance Value	44,430	44,430
Total equity	3,496,941	3,570,278
Total liabilities and equity	$ 6,005,097	$ 6,794,805