Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2019	Dec. 31, 2018
Investments in real estate:
Hotels, at cost		$ 1,468,888	$ 1,464,933
Accumulated depreciation		(157,581)	(113,184)
Net investments in hotels		1,311,307	1,351,749
Equity investments in real estate		113,169	121,456
Cash and cash equivalents		81,713	76,823
Restricted cash		30,062	27,114
Accounts receivable, net		25,719	18,826
Other assets		15,012	9,346
Total assets	[1]	1,576,982	1,605,314
Liabilities and Equity
Non-recourse debt, net		840,465	833,836
Accounts payable, accrued expenses and other liabilities		59,471	61,913
Due to related parties and affiliates		2,786	1,984
Distributions payable		11,616	11,178
Total liabilities	[1]	914,338	908,911
Commitments and contingencies (Note 9)
Preferred stock, $0.001 par value, 50,000,000 shares authorized; none issued		0	0
Additional paid-in capital		852,051	825,896
Distributions and accumulated losses		(210,224)	(156,823)
Accumulated other comprehensive (loss) income		(157)	1,205
Total stockholders’ equity		641,764	670,368
Noncontrolling interests		20,880	26,035
Total equity		662,644	696,403
Total liabilities and equity		1,576,982	1,605,314
Common Class A
Liabilities and Equity
Common stock		33	31
Common Class T
Liabilities and Equity
Common stock		$ 61	$ 59

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