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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Property and equipment, net $ 2,659,123 $ 2,651,444
Right-of-use assets 97,067 100,212
Restricted cash 38,882 36,887
Due from hotel managers 154,199 120,671
Prepaid and other assets 98,375 17,472
Cash and cash equivalents 41,581 38,620
Total assets 3,089,227 2,965,306
Liabilities:    
Mortgage and other debt, net of unamortized debt issuance costs 574,909 578,651
Unsecured term loans, net of unamortized debt issuance costs 398,668 398,572
Senior unsecured credit facility 200,000 90,000
Total debt 1,173,577 1,067,223
Lease liabilities 109,149 108,605
Deferred rent 61,955 60,800
Due to hotel managers 102,879 85,493
Unfavorable contract liabilities, net 62,313 62,780
Accounts payable and accrued expenses 41,331 51,238
Deferred income related to key money, net 9,103 8,203
Total liabilities 1,560,307 1,444,342
Equity:    
Preferred stock, $0.01 par value; 10,000,000 shares authorized: 8.250% Series A Cumulative Redeemable Preferred Stock (liquidation preference $25.00 per share), 4,760,000 shares issued and outstanding at June 30, 2021 and December 31, 2020 48 48
Common stock, $0.01 par value; 400,000,000 shares authorized; 210,861,105 and 210,746,895 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 2,109 2,107
Additional paid-in capital 2,294,129 2,293,990
Accumulated deficit (773,357) (780,931)
Total stockholders’ equity 1,522,929 1,515,214
Noncontrolling interests 5,991 5,750
Total equity 1,528,920 1,520,964
Total liabilities and equity $ 3,089,227 $ 2,965,306