Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets
Investment in hotel properties, net	$ 4,555,628	$ 4,614,966
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	14,862	15,171
Cash and cash equivalents	1,048,442	882,474
Restricted cash reserves	44,578	44,686
Hotel and other receivables, net of allowance of $573 and $251, respectively	11,410	39,762
Operating Lease, Right-of-Use Asset	141,651	144,358
Deferred Income Tax Assets, Net	64,509	51,447
Prepaid expense and other assets	36,357	58,536
Total assets	5,917,437	5,851,400
Liabilities and Equity
Debt, net	2,591,674	2,195,707
Accounts payable and other liabilities	205,186	183,408
Contract with Customer, Liability	41,216	57,459
Operating Lease, Liability	119,863	121,154
Accrued interest	5,292	3,024
Distributions payable	8,735	64,165
Total liabilities	2,971,966	2,624,917
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 June 30, 2020 and December 31, 2019	366,936	366,936
Common shares of beneficial interest, $0.01 par value, 450,000,000 shares authorized; 165,092,953 and 169,852,246 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively	1,651	1,699
Additional paid-in capital	3,071,063	3,127,982
Accumulated other comprehensive loss	(82,573)	(19,514)
Retained Earnings	(434,242)	(274,769)
Total shareholders’ equity	2,922,835	3,202,334
Noncontrolling interest:
Noncontrolling interest in consolidated joint ventures	13,492	14,065
Noncontrolling interest in the Operating Partnership	9,144	10,084
Total noncontrolling interest	22,636	24,149
Total equity	2,945,471	3,226,483
Total liabilities and equity	$ 5,917,437	$ 5,851,400