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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
ASSETS    
Property and equipment, net $ 2,642,034 $ 2,882,176
Restricted cash 47,661 59,339
Due from hotel managers 87,019 86,698
Favorable lease assets, net 18,076 23,955
Prepaid and other assets 47,693 46,758
Cash and cash equivalents 235,965 213,584
Total assets 3,078,448 3,312,510
Liabilities:    
Mortgage debt, net of unamortized debt issuance costs 823,626 1,169,749
Term loan, net of unamortized debt issuance costs 99,336 0
Senior unsecured credit facility 0 0
Total debt 922,962 1,169,749
Deferred income related to key money, net 20,776 23,568
Unfavorable contract liabilities, net 73,123 74,657
Deferred ground rent 79,027 70,153
Due to hotel managers 55,350 65,350
Dividends declared and unpaid 23,586 25,599
Accounts payable and accrued expenses 59,247 58,829
Total liabilities 1,234,071 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; 200,796,110 and 200,741,777 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively 2,008 2,007
Additional paid-in capital 2,059,638 2,056,878
Accumulated deficit (217,269) (234,280)
Total stockholders’ equity 1,844,377 1,824,605
Total liabilities and stockholders’ equity $ 3,078,448 $ 3,312,510