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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
ASSETS    
Property and equipment, at cost $ 3,188,753 $ 3,168,088
Less: accumulated depreciation (625,692) (600,555)
Property and equipment, net 2,563,061 2,567,533
Deferred financing costs, net 6,910 7,702
Restricted cash 97,949 89,106
Due from hotel managers 76,056 69,353
Note receivable 44,762 50,084
Favorable lease assets, net 39,677 39,936
Prepaid and other assets 76,946 79,474
Cash and cash equivalents 111,482 144,584
Total assets 3,016,843 3,047,772
Liabilities:    
Mortgage debt 1,088,259 1,091,861
Senior unsecured credit facility 0 0
Total debt 1,088,259 1,091,861
Deferred income related to key money, net 23,435 23,707
Unfavorable contract liabilities, net 77,625 78,093
Due to hotel managers 54,914 54,225
Dividends declared and unpaid 20,330 16,981
Accounts payable and accrued expenses 88,564 102,214
Total liabilities 1,353,127 1,367,081
Stockholders’ Equity:    
Preferred stock, $0.01 par value; 10,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.01 par value; 400,000,000 shares authorized; 195,679,187 and 195,470,791 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively 1,957 1,955
Additional paid-in capital 1,978,800 1,979,613
Accumulated deficit (317,041) (300,877)
Total stockholders’ equity 1,663,716 1,680,691
Total liabilities and stockholders’ equity $ 3,016,843 $ 3,047,772