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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Investments in hotel properties, net $ 3,199,962 $ 3,230,710
Cash and cash equivalents 548,592 592,110
Restricted cash 102,312 99,534
Accounts receivable, net of allowance of $470 and $455, respectively 51,692 37,720
Inventories 3,255 3,291
Notes receivable, net 4,805 8,723
Investments in unconsolidated entities 11,100 11,253
Deferred costs, net 4,467 5,001
Prepaid expenses 17,591 13,384
Derivative assets 3,636 501
Operating lease right-of-use assets 44,335 44,575
Other assets 16,604 16,150
Intangible assets 797 797
Due from Ashford Inc., net 0 25
Due from related parties, net 7,167 7,473
Due from third-party hotel managers 21,879 26,896
Total assets 4,038,194 4,098,143
Liabilities:    
Indebtedness, net 3,883,012 3,887,822
Accounts payable and accrued expenses 122,281 117,650
Accrued interest payable 12,514 15,432
Dividends and distributions payable 3,103 3,104
Due to Ashford Inc., net 946 0
Due to related parties, net 0 728
Due to third-party hotel managers 1,606 1,204
Intangible liabilities, net 2,157 2,177
Operating lease liabilities 44,985 45,106
Other liabilities 4,704 4,832
Total liabilities 4,075,308 4,078,055
Commitments and contingencies (note 16)
Redeemable noncontrolling interests in operating partnership 23,249 22,742
Equity (deficit):    
Common stock, $0.01 par value, 400,000,000 shares authorized, 34,479,057 and 34,490,381 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 345 345
Additional paid-in capital 2,381,191 2,379,906
Accumulated deficit (2,441,964) (2,382,970)
Total equity (deficit) (60,363) (2,654)
Total liabilities and equity/deficit 4,038,194 4,098,143
Preferred Stock, Series D    
Equity (deficit):    
Preferred stock, $0.01 par value, 50,000,000 shares authorized: 12 12
Preferred Stock, Series F    
Equity (deficit):    
Preferred stock, $0.01 par value, 50,000,000 shares authorized: 12 12
Preferred Stock, Series G    
Equity (deficit):    
Preferred stock, $0.01 par value, 50,000,000 shares authorized: 15 15
Preferred Stock, Series H    
Equity (deficit):    
Preferred stock, $0.01 par value, 50,000,000 shares authorized: 13 13
Preferred Stock, Series I    
Equity (deficit):    
Preferred stock, $0.01 par value, 50,000,000 shares authorized: $ 13 $ 13