XML 15 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
ASSETS    
Property and equipment, net $ 2,641,298 $ 2,882,176
Assets held for sale 62,035 0
Restricted cash 45,644 59,339
Due from hotel managers 90,839 86,698
Favorable lease assets, net 18,138 23,955
Prepaid and other assets 52,494 46,758
Cash and cash equivalents 166,548 213,584
Total assets 3,076,996 3,312,510
Liabilities:    
Mortgage debt, net of unamortized debt issuance costs 825,995 1,169,749
Term loan, net of unamortized debt issuance costs 99,299 0
Senior unsecured credit facility 0 0
Total debt 925,294 1,169,749
Deferred income related to key money, net 21,485 23,568
Unfavorable contract liabilities, net 73,601 74,657
Deferred ground rent 77,572 70,153
Due to hotel managers 59,579 65,350
Dividends declared and unpaid 25,583 25,599
Liabilities of assets held for sale 1,137 0
Accounts payable and accrued expenses 54,981 58,829
Total liabilities 1,239,232 1,487,905
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; 200,888,710 and 200,741,777 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively 2,009 2,007
Additional paid-in capital 2,059,760 2,056,878
Accumulated deficit (224,005) (234,280)
Total stockholders’ equity 1,837,764 1,824,605
Total liabilities and stockholders’ equity $ 3,076,996 $ 3,312,510