Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets
Investment in hotel properties, net	$ 4,614,966	$ 5,378,651
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	15,171	22,279
Cash and cash equivalents	882,474	320,147
Restricted cash reserves	44,686	64,695
Hotel and other receivables, net of allowance of $251 and $598, respectively	39,762	52,115
Operating Lease, Right-of-Use Asset	144,358	0
Deferred income tax asset, net	51,447	44,629
Intangible Assets, Net (Excluding Goodwill)	0	52,448
Prepaid expense and other assets	58,536	67,367
Total assets	5,851,400	6,002,331
Liabilities and Equity
Long-term Debt	2,195,707	2,202,676
Accounts payable and other liabilities	183,408	203,833
Deferred income tax liability	1,496	2,766
Advance deposits and deferred revenue	57,459	25,411
Operating Lease, Liability	121,154	0
Accrued interest	3,024	7,913
Distributions payable	64,165	65,557
Total liabilities	2,624,917	2,505,390
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, 2019 and 2018	366,936	366,936
Common shares of beneficial interest, $0.01 par value, 450,000,000 shares authorized; 169,852,246 and 174,019,616 shares issued and outstanding at December 31, 2019 and 2018, respectively	1,699	1,740
Additional paid-in capital	3,127,982	3,195,381
Accumulated other comprehensive (loss) income	(19,514)	16,195
Distributions in excess of net earnings	(274,769)	(150,476)
Total shareholders’ equity	3,202,334	3,429,776
Noncontrolling interest:
Noncontrolling interest in consolidated joint ventures	14,065	11,908
Noncontrolling interest in the Operating Partnership	10,084	10,827
Total noncontrolling interest	24,149	22,735
Limited Liability Company (LLC) Preferred Unit, Issuance Value	0	44,430
Total equity	3,226,483	3,496,941
Total liabilities and equity	$ 5,851,400	$ 6,002,331