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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Property and equipment, net $ 2,882,176 $ 2,764,393
Restricted cash 59,339 74,730
Due from hotel managers 86,698 79,827
Favorable lease assets, net 23,955 34,274
Prepaid and other assets 46,078 52,739
Deferred financing costs, net 8,627 8,023
Cash and cash equivalents 213,584 144,365
Total assets 3,320,457 3,158,351
Liabilities:    
Mortgage debt 1,177,696 1,038,330
Senior unsecured credit facility 0 0
Total debt 1,177,696 1,038,330
Deferred income related to key money, net 23,568 21,561
Unfavorable contract liabilities, net 74,657 76,220
Due to hotel managers 65,350 59,169
Dividends declared and unpaid 25,599 20,922
Accounts payable and accrued expenses 128,982 113,162
Total liabilities 1,495,852 1,329,364
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; 200,741,777 and 199,964,041 shares issued and outstanding at December 31, 2015 and 2014, respectively 2,007 2,000
Additional paid-in capital 2,056,878 2,045,755
Accumulated deficit (234,280) (218,768)
Total stockholders’ equity 1,824,605 1,828,987
Total liabilities and stockholders’ equity $ 3,320,457 $ 3,158,351