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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Property and equipment, net $ 2,692,286 $ 2,646,676
Restricted cash 40,204 46,069
Due from hotel managers 86,621 77,928
Favorable lease assets, net 26,690 18,013
Prepaid and other assets 71,488 19,127
Cash and cash equivalents 183,569 243,095
Total assets 3,100,858 3,050,908
Liabilities:    
Mortgage debt, net of unamortized debt issuance costs 639,639 821,167
Term loans, net of unamortized debt issuance costs 298,153 99,372
Total debt 937,792 920,539
Deferred income related to key money, net 14,307 20,067
Unfavorable contract liabilities, net 70,734 72,646
Deferred ground rent 86,614 80,509
Due to hotel managers 74,213 58,294
Dividends declared and unpaid 25,708 25,567
Accounts payable and accrued expenses 57,845 36,499
Total liabilities 1,267,213 1,214,121
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; 200,306,733 and 200,200,902 shares issued and outstanding at December 31, 2017 and 2016, respectively 2,003 2,002
Additional paid-in capital 2,061,451 2,055,365
Accumulated deficit (229,809) (220,580)
Total stockholders’ equity 1,833,645 1,836,787
Total liabilities and stockholders’ equity $ 3,100,858 $ 3,050,908