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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Assets    
Investment in hotel properties, net $ 4,395,901 $ 4,486,416
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures 6,891 6,798
Cash and cash equivalents 657,892 899,813
Restricted cash reserves 38,842 34,977
Hotel and other receivables, net of allowance of $90 and $292, respectively 25,352 13,346
Operating Lease, Right-of-Use Asset 140,321 142,989
Prepaid expense and other assets 31,338 32,833
Total assets 5,296,537 5,617,172
Liabilities and Equity    
Debt, net 2,407,345 2,587,731
Accounts payable and other liabilities 150,713 172,325
Contract with Customer, Liability 22,777 32,177
Operating Lease, Liability 121,305 122,593
Accrued interest 6,140 6,206
Distributions payable 8,339 8,752
Total liabilities 2,716,619 2,929,784
Commitments and Contingencies (Note 11)
Shareholders’ equity:    
Series A Cumulative Convertible Preferred Shares, $0.01 par value, 12,950,000 shares authorized; 12,879,475 shares issued and outstanding, liquidation value of $328,266, at June 30, 2021 and December 31, 2020 366,936 366,936
Common shares of beneficial interest, $0.01 par value, 450,000,000 shares authorized; 166,626,796 and 165,002,752 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively 1,666 1,650
Additional paid-in capital 3,083,175 3,077,142
Accumulated other comprehensive loss (36,297) (69,050)
Retained Earnings (855,106) (710,161)
Total shareholders’ equity 2,560,374 2,666,517
Noncontrolling interests:    
Noncontrolling interest in consolidated joint ventures 12,349 13,002
Noncontrolling interest in the Operating Partnership 7,195 7,869
Total noncontrolling interests 19,544 20,871
Total equity 2,579,918 2,687,388
Total liabilities and equity $ 5,296,537 $ 5,617,172