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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Property and equipment, net $ 2,942,350 $ 2,944,617
Right-of-use assets 99,316  
Favorable lease assets, net 0 63,945
Restricted cash 46,855 47,735
Due from hotel managers 99,959 86,914
Prepaid and other assets 15,880 10,506
Cash and cash equivalents 36,523 43,863
Total assets 3,240,883 3,197,580
Liabilities:    
Mortgage and other debt, net of unamortized debt issuance costs 626,553 629,747
Term loans, net of unamortized debt issuance costs 348,354 348,219
Senior unsecured credit facility 60,000 0
Total debt 1,034,907 977,966
Deferred income related to key money, net 11,640 11,739
Unfavorable contract liabilities, net 69,231 73,151
Deferred rent 48,539 93,719
Due to hotel managers 78,373 72,678
Distributions declared and unpaid 25,734 26,339
Lease liabilities 101,801  
Accounts payable and accrued expenses 40,716 51,395
Total liabilities 1,410,941 1,306,987
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; 201,448,479 and 204,536,485 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively 2,015 2,045
Additional paid-in capital 2,097,691 2,126,472
Accumulated deficit (277,444) (245,620)
Total stockholders’ equity 1,822,262 1,882,897
Noncontrolling interests 7,680 7,696
Total equity 1,829,942 1,890,593
Total liabilities and equity $ 3,240,883 $ 3,197,580