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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
ASSETS    
Property and equipment, net $ 3,008,023 $ 2,944,617
Right-of-use assets 98,496  
Favorable lease assets, net 0 63,945
Restricted cash 49,579 47,735
Due from hotel managers 114,125 86,914
Prepaid and other assets 18,249 10,506
Cash and cash equivalents 26,723 43,863
Total assets 3,315,195 3,197,580
Liabilities:    
Mortgage and other debt, net of unamortized debt issuance costs 619,956 629,747
Term loans, net of unamortized debt issuance costs 398,699 348,219
Senior unsecured credit facility 75,000 0
Total debt 1,093,655 977,966
Deferred income related to key money, net 11,441 11,739
Unfavorable contract liabilities, net 67,997 73,151
Deferred rent 51,020 93,719
Lease liabilities 102,970  
Due to hotel managers 81,426 72,678
Distributions declared and unpaid 25,771 26,339
Accounts payable and accrued expenses 70,561 51,395
Total liabilities 1,504,841 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; 200,196,850 and 204,536,485 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively 2,002 2,045
Additional paid-in capital 2,087,937 2,126,472
Accumulated deficit (287,582) (245,620)
Total stockholders’ equity 1,802,357 1,882,897
Noncontrolling interests 7,997 7,696
Total equity 1,810,354 1,890,593
Total liabilities and equity $ 3,315,195 $ 3,197,580