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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
ASSETS    
Property and equipment, net $ 2,806,510 $ 2,692,286
Restricted cash 41,564 40,204
Due from hotel managers 100,253 86,621
Favorable lease assets, net 46,395 26,690
Prepaid and other assets 33,168 71,488
Cash and cash equivalents 134,552 183,569
Total assets 3,162,442 3,100,858
Liabilities:    
Mortgage and other debt, net of unamortized debt issuance costs 636,139 639,639
Term loans, net of unamortized debt issuance costs 298,383 298,153
Total debt 934,522 937,792
Deferred income related to key money, net 11,937 14,307
Unfavorable contract liabilities, net 74,297 70,734
Deferred ground rent 90,254 86,614
Due to hotel managers 68,693 74,213
Dividends declared and unpaid 26,561 25,708
Accounts payable and accrued expenses 44,879 57,845
Total liabilities 1,251,143 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; 207,840,943 and 200,306,733 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively 2,078 2,003
Additional paid-in capital 2,158,336 2,061,451
Accumulated deficit (249,115) (229,809)
Total stockholders’ equity 1,911,299 1,833,645
Total liabilities and stockholders’ equity $ 3,162,442 $ 3,100,858