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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS:    
Property and equipment, net $ 4,124,382 $ 3,955,586
Cash and cash equivalents - unrestricted 477,694 591,833
Cash and cash equivalents - restricted 98,534 108,608
Notes receivable, net 57,801 61,760
Trade receivables, net 94,184 110,029
Deferred income tax assets, net 70,511 81,624
Prepaid expenses and other assets 178,091 154,810
Intangible assets, net 116,376 124,287
Total assets 5,217,573 5,188,537
LIABILITIES AND EQUITY:    
Debt and finance lease obligations 3,378,396 3,377,028
Accounts payable and accrued liabilities 466,571 464,720
Distributions payable 71,444 67,932
Deferred management rights proceeds 164,658 165,174
Operating lease liabilities 135,117 129,122
Other liabilities 66,805 66,658
Total liabilities 4,282,991 4,270,634
Commitments and contingencies
Noncontrolling interest in consolidated joint venture 381,945 345,126
Equity:    
Preferred stock, $.01 par value, 100,000 shares authorized, no shares issued or outstanding
Common stock, $.01 par value, 400,000 shares authorized, 59,903 and 59,712 shares issued and outstanding, respectively 599 597
Additional paid-in capital 1,475,211 1,502,710
Treasury stock of 696 and 668 shares, at cost (23,526) (20,508)
Distributions in excess of retained earnings (888,132) (894,259)
Accumulated other comprehensive loss (15,172) (19,387)
Total stockholders' equity 548,980 569,153
Noncontrolling interest in Operating Partnership 3,657 3,624
Total equity 552,637 572,777
Total liabilities and equity $ 5,217,573 $ 5,188,537