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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Property and equipment, net $ 2,753,516 $ 2,646,676
Restricted cash 48,754 46,069
Due from hotel managers 91,859 77,928
Favorable lease assets, net 26,508 18,013
Prepaid and other assets 35,682 37,682
Cash and cash equivalents 112,429 243,095
Total assets 3,068,748 3,069,463
Liabilities:    
Mortgage debt, net of unamortized debt issuance costs 818,600 821,167
Term loan, net of unamortized debt issuance costs 99,409 99,372
Senior unsecured credit facility 0 0
Total debt 918,009 920,539
Deferred income related to key money, net 19,359 20,067
Unfavorable contract liabilities, net 72,168 72,646
Deferred ground rent 81,990 80,509
Due to hotel managers 72,738 58,294
Dividends declared and unpaid 25,464 25,567
Accounts payable and accrued expenses 57,723 55,054
Total liabilities 1,247,451 1,232,676
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; 200,266,132 and 200,200,902 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively 2,003 2,002
Additional paid-in capital 2,056,255 2,055,365
Accumulated deficit (236,961) (220,580)
Total stockholders’ equity 1,821,297 1,836,787
Total liabilities and stockholders’ equity $ 3,068,748 $ 3,069,463