Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets
Investment in hotel properties, net	$ 4,706,110	$ 5,378,651
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	16,612	22,279
Cash and cash equivalents	697,600	320,147
Restricted cash reserves	48,330	64,695
Hotel and other receivables, net of allowance of $352 and $598, respectively	65,019	52,115
Operating Lease, Right-of-Use Asset	147,023	0
Deferred income tax asset, net	43,343	47,395
Intangible Assets, Net (Excluding Goodwill)	173	52,448
Prepaid expense and other assets	48,018	67,367
Disposal Group, Including Discontinued Operation, Assets, Current	169,439	0
Total assets	5,941,667	6,005,097
Liabilities and Equity
Debt, net	2,200,722	2,202,676
Accounts payable and other liabilities	183,791	203,833
Deferred income tax liability	2,766	2,766
Advance deposits and deferred revenue	23,125	25,411
Operating Lease, Liability	122,399	0
Accrued interest	6,922	7,913
Distributions payable	64,941	65,557
Total liabilities	2,604,666	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; 173,459,015 and 174,019,616 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively	1,735	1,740
Additional paid-in capital	3,182,351	3,195,381
Accumulated other comprehensive (loss) income	(21,836)	16,195
Retained Earnings	(216,583)	(150,476)
Total shareholders’ equity	3,312,603	3,429,776
Noncontrolling interest:
Noncontrolling interest in consolidated joint ventures	13,957	11,908
Noncontrolling interest in the Operating Partnership	10,441	10,827
Total noncontrolling interest	24,398	22,735
Limited Liability Company (LLC) Preferred Unit, Issuance Value	0	44,430
Total equity	3,337,001	3,496,941
Total liabilities and equity	$ 5,941,667	$ 6,005,097