Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Assets
Investment in hotel properties, net	$ 4,677,019	$ 5,378,651
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	16,234	22,279
Cash and cash equivalents	845,882	320,147
Restricted cash reserves	48,610	64,695
Hotel and other receivables, net of allowance of $271 and $598, respectively	54,058	52,115
Operating Lease, Right-of-Use Asset	145,695	0
Deferred income tax asset, net	44,445	47,395
Intangible Assets, Net (Excluding Goodwill)	0	52,448
Prepaid expense and other assets	43,702	67,367
Total assets	5,875,645	6,005,097
Liabilities and Equity
Debt, net	2,199,301	2,202,676
Accounts payable and other liabilities	193,008	203,833
Deferred income tax liability	2,766	2,766
Advance deposits and deferred revenue	24,655	25,411
Operating Lease, Liability	121,783	0
Accrued interest	13,706	7,913
Distributions payable	64,215	65,557
Total liabilities	2,619,434	2,508,156
Commitments and Contingencies (Note 11)
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 September 30, 2019 and December 31, 2018	366,936	366,936
Common shares of beneficial interest, $0.01 par value, 450,000,000 shares authorized; 170,632,364 and 174,019,616 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively	1,706	1,740
Additional paid-in capital	3,137,736	3,195,381
Accumulated other comprehensive (loss) income	(27,515)	16,195
Retained Earnings	(246,914)	(150,476)
Total shareholders’ equity	3,231,949	3,429,776
Noncontrolling interest:
Noncontrolling interest in consolidated joint ventures	13,994	11,908
Noncontrolling interest in the Operating Partnership	10,268	10,827
Total noncontrolling interest	24,262	22,735
Limited Liability Company (LLC) Preferred Unit, Issuance Value	0	44,430
Total equity	3,256,211	3,496,941
Total liabilities and equity	$ 5,875,645	$ 6,005,097