Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Assets
Investment in hotel properties, net	$ 5,355,545	$ 5,378,651
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	21,952	22,279
Cash and cash equivalents	241,481	320,147
Restricted cash reserves	54,217	64,695
Hotel and other receivables, net of allowance of $353 and $598, respectively	67,605	52,115
Operating Lease, Right-of-Use Asset	149,492	0
Deferred income tax asset, net	46,114	47,395
Intangible Assets, Net (Excluding Goodwill)	5,143	52,448
Prepaid expense and other assets	58,981	67,367
Total assets	6,000,530	6,005,097
Liabilities and Equity
Debt, net	2,200,146	2,202,676
Accounts payable and other liabilities	169,398	203,833
Deferred income tax liability	2,766	2,766
Advance deposits and deferred revenue	30,133	25,411
Operating Lease, Liability	124,146	0
Accrued interest	15,124	7,913
Distributions payable	65,595	65,557
Total liabilities	2,607,308	2,508,156
Commitments and Contingencies (Note 11)
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; 173,667,027 and 174,019,616 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	1,737	1,740
Additional paid-in capital	3,187,285	3,195,381
Accumulated other comprehensive (loss) income	(191)	16,195
Retained Earnings	(187,092)	(150,476)
Total shareholders’ equity	3,368,675	3,429,776
Noncontrolling interest:
Noncontrolling interest in consolidated joint ventures	13,861	11,908
Noncontrolling interest in the Operating Partnership	10,686	10,827
Total noncontrolling interest	24,547	22,735
Limited Liability Company (LLC) Preferred Unit, Issuance Value	0	44,430
Total equity	3,393,222	3,496,941
Total liabilities and equity	$ 6,000,530	$ 6,005,097