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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
ASSETS    
Property and equipment, net $ 2,810,965 $ 2,692,286
Restricted cash 38,395 40,204
Due from hotel managers 100,343 86,621
Favorable lease assets, net 46,731 26,690
Prepaid and other assets 36,220 71,488
Cash and cash equivalents 69,092 183,569
Total assets 3,101,746 3,100,858
Liabilities:    
Mortgage and other debt, net of unamortized debt issuance costs 639,334 639,639
Term loans, net of unamortized debt issuance costs 298,268 298,153
Total debt 937,602 937,792
Deferred income related to key money, net 12,036 14,307
Unfavorable contract liabilities, net 75,459 70,734
Deferred ground rent 88,116 86,614
Due to hotel managers 89,738 74,213
Dividends declared and unpaid 25,605 25,708
Accounts payable and accrued expenses 55,441 57,845
Total liabilities 1,283,997 1,267,213
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; 200,562,761 and 200,306,733 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively 2,006 2,003
Additional paid-in capital 2,066,584 2,061,451
Accumulated deficit (250,841) (229,809)
Total stockholders’ equity 1,817,749 1,833,645
Total liabilities and stockholders’ equity $ 3,101,746 $ 3,100,858