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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
ASSETS    
Property and equipment, net $ 2,802,889 $ 2,692,286
Restricted cash 42,624 40,204
Due from hotel managers 100,613 86,621
Favorable lease assets, net 46,216 26,690
Prepaid and other assets 16,330 71,488
Cash and cash equivalents 169,654 183,569
Total assets 3,178,326 3,100,858
Liabilities:    
Mortgage and other debt, net of unamortized debt issuance costs 633,139 639,639
Term loans, net of unamortized debt issuance costs 298,498 298,153
Total debt 931,637 937,792
Deferred income related to key money, net 11,838 14,307
Unfavorable contract liabilities, net 73,977 70,734
Deferred ground rent 91,957 86,614
Due to hotel managers 64,879 74,213
Dividends declared and unpaid 26,648 25,708
Accounts payable and accrued expenses 61,177 57,845
Total liabilities 1,262,113 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 September 30, 2018 and December 31, 2017, respectively 2,078 2,003
Additional paid-in capital 2,157,968 2,061,451
Accumulated deficit (243,833) (229,809)
Total stockholders’ equity 1,916,213 1,833,645
Total liabilities and stockholders’ equity $ 3,178,326 $ 3,100,858