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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
ASSETS    
Property and equipment, at cost $ 3,159,166 $ 3,168,088
Less: accumulated depreciation (623,339) (600,555)
Property and equipment, net 2,535,827 2,567,533
Deferred financing costs, net 6,310 7,702
Restricted cash 95,672 89,106
Due from hotel managers 81,819 69,353
Note receivable 0 50,084
Favorable lease assets, net 34,576 39,936
Prepaid and other assets 83,618 79,474
Cash and cash equivalents 253,900 144,584
Total assets 3,091,722 3,047,772
Liabilities:    
Mortgage debt 1,084,412 1,091,861
Senior unsecured credit facility 41,320 0
Total debt 1,125,732 1,091,861
Deferred income related to key money, net 23,162 23,707
Unfavorable contract liabilities, net 77,157 78,093
Due to hotel managers 51,531 54,225
Dividends declared and unpaid 20,395 16,981
Accounts payable and accrued expenses 96,626 102,214
Total liabilities 1,394,603 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; 195,698,858 and 195,470,791 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively 1,957 1,955
Additional paid-in capital 1,980,498 1,979,613
Accumulated deficit (285,336) (300,877)
Total stockholders’ equity 1,697,119 1,680,691
Total liabilities and stockholders’ equity $ 3,091,722 $ 3,047,772