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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Investment in hotel properties, net $ 4,214,058 $ 4,250,524
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures 7,450 7,457
Cash and cash equivalents 373,896 409,809
Restricted cash reserves 27,266 23,516
Accounts Receivable, after Allowance for Credit Loss 27,730 25,494
Operating lease right of use asset 125,765 128,111
Prepaid expense and other assets 46,645 38,968
Total assets 4,822,810 4,883,879
Liabilities and Equity    
Debt, net 2,220,768 2,220,081
Accounts payable and other liabilities 155,513 154,643
Contract with Customer, Liability 36,662 40,242
Operating lease liability 118,611 119,102
Accrued interest 20,631 20,900
Distributions payable 30,390 30,634
Total liabilities 2,582,575 2,585,602
Commitments and Contingencies (Note 11)
Shareholders’ equity:    
Preferred shares 366,936 366,936
Common shares 1,512 1,533
Additional paid-in capital 2,969,884 2,992,487
Retained Earnings (1,116,703) (1,090,186)
Accumulated other comprehensive income 5,113 13,788
Total shareholders’ equity 2,226,742 2,284,558
Noncontrolling interests:    
Noncontrolling interest in the Operating Partnership 6,012 6,130
Noncontrolling interest in consolidated joint ventures 7,481 7,589
Total noncontrolling interests 13,493 13,719
Total equity 2,240,235 2,298,277
Total liabilities and equity $ 4,822,810 $ 4,883,879
Common shares of beneficial interest, shares issued 151,243,564 153,295,577
Common shares of beneficial interest, par value (in dollars per share) $ 0.01 $ 0.01