Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Assets
Investment in hotel properties, net	$ 4,165,843	$ 4,180,328
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	7,260	6,979
Cash and cash equivalents	474,332	481,316
Restricted cash reserves	31,244	55,070
Hotel and other receivables, net of allowance of $323 and $319, respectively	41,178	38,528
Operating Lease, Right-of-Use Asset	135,480	136,915
Prepaid expense and other assets	76,615	79,089
Total assets	4,931,952	4,978,225
Liabilities and Equity
Debt, net	2,219,284	2,217,555
Accounts payable and other liabilities	144,775	155,916
Contract with Customer, Liability	27,904	23,769
Operating Lease, Liability	116,193	117,010
Accrued interest	11,144	20,707
Distributions payable	19,412	14,622
Total liabilities	2,538,712	2,549,579
Commitments and Contingencies (Note 10)
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 March 31, 2023 and December 31, 2022	366,936	366,936
Common shares of beneficial interest, $0.01 par value, 450,000,000 shares authorized; 160,077,784 and 162,003,533 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively	1,601	1,620
Additional paid-in capital	3,034,682	3,054,958
Accumulated other comprehensive income	34,175	40,591
Retained Earnings	(1,057,939)	(1,049,441)
Total shareholders’ equity	2,379,455	2,414,664
Noncontrolling interests:
Noncontrolling interest in consolidated joint ventures	7,521	7,669
Noncontrolling interest in the Operating Partnership	6,264	6,313
Total noncontrolling interests	13,785	13,982
Total equity	2,393,240	2,428,646
Total liabilities and equity	$ 4,931,952	$ 4,978,225