Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Real estate investments:
Land	$ 285,520	$ 337,858
Buildings and improvements	1,587,079	1,947,619
Furniture, fixtures and equipment	218,669	257,314
Total real estate investments	2,091,268	2,542,791
Less: accumulated depreciation and amortization	(365,893)	(347,929)
Total real estate investments, net	1,725,375	2,194,862
Cash and cash equivalents	103,207	54,886
Assets held for sale	159,309
Restricted cash	41,413	27,959
Investments in unconsolidated entities	3,357	3,684
Right of use assets	57,799
Below-market lease asset, net		9,030
Prepaid expenses and other assets	36,346	35,836
Goodwill, Ending Balance	9,889	11,030
Total Assets	2,136,695	2,337,287
LIABILITIES, NON-CONTROLLING INTEREST AND EQUITY
Mortgage notes payable, net	1,461,441	1,507,509
Mandatorily redeemable preferred securities, net		219,596
Accounts payable and accrued expenses	54,279	62,965
Lease liabilities	51,756
Total Liabilities	1,567,476	1,790,070
Commitments and Contingencies
Contingently Redeemable Class C Units in operating partnership; 27,920,954 and 11,767,678 units issued and outstanding, respectively ($411,834 and $173,573 liquidation preference, respectively)	398,449	163,148
Stockholders' Equity
Preferred stock, $0.01 par value, 50,000,000 shares authorized, one share issued and outstanding	0	0
Common stock, $0.01 par value, 300,000,000 shares authorized, 39,151,201 and 39,134,628 shares issued and outstanding, respectively	392	391
Additional paid-in capital	871,714	870,251
Deficit	(703,611)	(489,108)
Total equity of Hospitality Investors Trust, Inc. stockholders	168,495	381,534
Non-controlling interest - consolidated variable interest entity	2,275	2,535
Total Equity	170,770	384,069
Total Liabilities, Contingently Redeemable Class C Units, and Stockholders' Equity	$ 2,136,695	$ 2,337,287