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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Property and equipment, net $ 2,688,214 $ 2,646,676
Restricted cash 42,317 46,069
Due from hotel managers 98,292 77,928
Favorable lease assets, net 26,795 18,013
Prepaid and other assets 77,694 37,682
Cash and cash equivalents 166,619 243,095
Total assets 3,099,931 3,069,463
Liabilities:    
Mortgage debt, net of unamortized debt issuance costs 642,768 821,167
Term loans, net of unamortized debt issuance costs 298,037 99,372
Total debt 940,805 920,539
Deferred income related to key money, net 17,028 20,067
Unfavorable contract liabilities, net 71,212 72,646
Deferred ground rent 85,047 80,509
Due to hotel managers 70,972 58,294
Dividends declared and unpaid 25,627 25,567
Accounts payable and accrued expenses 56,618 55,054
Total liabilities 1,267,309 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 September 30, 2017 and December 31, 2016, respectively 2,003 2,002
Additional paid-in capital 2,059,919 2,055,365
Accumulated deficit (229,300) (220,580)
Total stockholders’ equity 1,832,622 1,836,787
Total liabilities and stockholders’ equity $ 3,099,931 $ 3,069,463