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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Property and equipment, net $ 2,739,193 $ 2,646,676
Restricted cash 41,481 46,069
Due from hotel managers 99,150 77,928
Favorable lease assets, net 26,902 18,013
Prepaid and other assets 40,640 37,682
Cash and cash equivalents 149,645 243,095
Total assets 3,097,011 3,069,463
Liabilities:    
Mortgage debt, net of unamortized debt issuance costs 645,798 821,167
Term loans, net of unamortized debt issuance costs 297,922 99,372
Total debt 943,720 920,539
Deferred income related to key money, net 19,025 20,067
Unfavorable contract liabilities, net 71,690 72,646
Deferred ground rent 83,576 80,509
Due to hotel managers 63,774 58,294
Dividends declared and unpaid 25,548 25,567
Accounts payable and accrued expenses 54,936 55,054
Total liabilities 1,262,269 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; 200,305,232 and 200,200,902 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively 2,003 2,002
Additional paid-in capital 2,058,380 2,055,365
Accumulated deficit (225,641) (220,580)
Total stockholders’ equity 1,834,742 1,836,787
Total liabilities and stockholders’ equity $ 3,097,011 $ 3,069,463