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Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
ASSETS    
Property and equipment, net $ 2,646,676,000 $ 2,882,176,000
Restricted cash 46,069,000 59,339,000
Due from hotel managers 77,928,000 86,698,000
Favorable lease assets, net 18,013,000 23,955,000
Prepaid and other assets 37,682,000 46,758,000
Cash and cash equivalents 243,095,000 213,584,000
Total assets 3,069,463,000 3,312,510,000
Liabilities:    
Mortgage debt, net of unamortized debt issuance costs 821,167,000 1,169,749,000
Term loan, net of unamortized debt issuance costs 99,372,000 0
Senior unsecured credit facility 0 0
Total debt 920,539,000 1,169,749,000
Deferred income related to key money, net 20,067,000 23,568,000
Unfavorable contract liabilities, net 72,646,000 74,657,000
Deferred ground rent 80,509,000 70,153,000
Due to hotel managers 58,294,000 65,350,000
Dividends declared and unpaid 25,567,000 25,599,000
Accounts payable and accrued expenses 55,054,000 58,829,000
Total liabilities 1,232,676,000 1,487,905,000
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; 200,200,902 and 200,741,777 shares issued and outstanding at December 31, 2016 and 2015, respectively 2,002,000 2,007,000
Additional paid-in capital 2,055,365,000 2,056,878,000
Accumulated deficit (220,580,000) (234,280,000)
Total stockholders’ equity 1,836,787,000 1,824,605,000
Total liabilities and stockholders’ equity $ 3,069,463,000 $ 3,312,510,000