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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Investments in hotel properties, net $ 3,259,168 $ 3,426,982
Cash and cash equivalents 672,961 92,905
Restricted cash 84,985 74,408
Accounts receivable, net of allowance of $521 and $441, respectively 38,284 21,760
Inventories 2,958 2,447
Notes receivable, net 8,642 8,263
Investment in unconsolidated entity 2,638 2,811
Deferred costs, net 5,735 1,851
Prepaid expenses 15,554 18,401
Derivative assets 71 263
Operating lease right-of-use assets 44,471 45,008
Other assets 20,245 23,303
Intangible assets 797 797
Due from Ashford Inc., net 1,264 0
Due from related parties, net 7,319 5,801
Due from third-party hotel managers 24,077 9,383
Total assets 4,189,169 3,734,383
Liabilities:    
Indebtedness, net 3,918,639 3,728,911
Accounts payable and accrued expenses 118,267 99,954
Accrued interest payable 16,964 98,685
Dividends and distributions payable 236 868
Due to Ashford Inc., net 0 13,383
Due to related parties, net 800 0
Due to third-party hotel managers 958 184
Intangible liabilities, net 2,197 2,257
Operating lease liabilities 44,948 45,309
Other liabilities 4,958 5,336
Total liabilities 4,107,967 3,994,887
Commitments and contingencies (note 16)
Redeemable noncontrolling interests in operating partnership 23,133 22,951
Equity (deficit):    
Common stock, $0.01 par value, 400,000,000 shares authorized, 32,557,527 and 6,436,250 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively 326 64
Additional paid-in capital 2,362,080 1,809,455
Accumulated deficit (2,304,489) (2,093,292)
Total stockholders’ equity (deficit) of the Company 57,987 (283,621)
Noncontrolling interest in consolidated entities 82 166
Total equity (deficit) 58,069 (283,455)
Total liabilities and equity/deficit 4,189,169 3,734,383
Preferred Stock, Series D    
Equity (deficit):    
Preferred stock, $0.01 par value, 50,000,000 shares authorized: 13 18
Preferred Stock, Series F    
Equity (deficit):    
Preferred stock, $0.01 par value, 50,000,000 shares authorized: 14 29
Preferred Stock, Series G    
Equity (deficit):    
Preferred stock, $0.01 par value, 50,000,000 shares authorized: 17 44
Preferred Stock, Series H    
Equity (deficit):    
Preferred stock, $0.01 par value, 50,000,000 shares authorized: 13 27
Preferred Stock, Series I    
Equity (deficit):    
Preferred stock, $0.01 par value, 50,000,000 shares authorized: $ 13 $ 34