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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Investments in hotel properties, net $ 3,230,710 $ 3,426,982
Cash and cash equivalents 592,110 92,905
Restricted cash 99,534 74,408
Accounts receivable, net of allowance of $455 and $441, respectively 37,720 21,760
Inventories 3,291 2,447
Notes receivable, net 8,723 8,263
Investments in unconsolidated entities 11,253 2,811
Deferred costs, net 5,001 1,851
Prepaid expenses 13,384 18,401
Derivative assets 501 263
Operating lease right-of-use assets 44,575 45,008
Other assets 16,150 23,303
Intangible assets 797 797
Due from Ashford Inc., net 25 0
Due from related parties, net 7,473 5,801
Due from third-party hotel managers 26,896 9,383
Total assets 4,098,143 3,734,383
Liabilities:    
Indebtedness, net 3,887,822 3,728,911
Accounts payable and accrued expenses 117,650 99,954
Accrued interest payable 15,432 98,685
Dividends and distributions payable 3,104 868
Due to Ashford Inc., net 0 13,383
Due to related parties, net 728 0
Due to third-party hotel managers 1,204 184
Intangible liabilities, net 2,177 2,257
Operating lease liabilities 45,106 45,309
Other liabilities 4,832 5,336
Total liabilities 4,078,055 3,994,887
Commitments and contingencies (note 17)
Redeemable noncontrolling interests in operating partnership 22,742 22,951
Equity (deficit):    
Common stock, $0.01 par value, 400,000,000 shares authorized, 34,490,381 and 6,436,250 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively 345 64
Additional paid-in capital 2,379,906 1,809,455
Accumulated deficit (2,382,970) (2,093,292)
Total stockholders’ equity (deficit) of the Company (2,654) (283,621)
Noncontrolling interest in consolidated entities 0 166
Total equity (deficit) (2,654) (283,455)
Total liabilities and equity/deficit 4,098,143 3,734,383
Preferred Stock, Series D    
Equity (deficit):    
Preferred stock, $0.01 par value, 50,000,000 shares authorized: 12 18
Preferred Stock, Series F    
Equity (deficit):    
Preferred stock, $0.01 par value, 50,000,000 shares authorized: 12 29
Preferred Stock, Series G    
Equity (deficit):    
Preferred stock, $0.01 par value, 50,000,000 shares authorized: 15 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