XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Investments in hotel properties, net $ 3,137,388 $ 3,230,710
Cash and cash equivalents 537,822 592,110
Restricted cash 125,995 99,534
Accounts receivable, net of allowance of $489 and $455, respectively 57,165 37,720
Inventories 3,538 3,291
Notes receivable, net 4,889 8,723
Investments in unconsolidated entities 10,949 11,253
Deferred costs, net 3,829 5,001
Prepaid expenses 11,354 13,384
Derivative assets 11,132 501
Operating lease right-of-use assets 44,218 44,575
Other assets 13,639 16,150
Intangible assets 797 797
Due from Ashford Inc., net 0 25
Due from related parties, net 6,232 7,473
Due from third-party hotel managers 24,684 26,896
Assets held for sale 36,535 0
Total assets 4,030,166 4,098,143
Liabilities:    
Indebtedness, net 3,843,543 3,887,822
Accounts payable and accrued expenses 132,060 117,650
Accrued interest payable 10,995 15,432
Dividends and distributions payable 3,104 3,104
Due to Ashford Inc., net 1,123 0
Due to related parties, net 0 728
Due to third-party hotel managers 1,498 1,204
Intangible liabilities, net 2,137 2,177
Operating lease liabilities 44,874 45,106
Other liabilities 4,579 4,832
Liabilities related to assets held for sale 30,688
Total liabilities 4,074,601 4,078,055
Commitments and contingencies (note 16)
Redeemable noncontrolling interests in operating partnership 21,308 22,742
Equity (deficit):    
Common stock, $0.01 par value, 400,000,000 shares authorized, 34,487,370 and 34,490,381 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 345 345
Additional paid-in capital 2,382,197 2,379,906
Accumulated deficit (2,448,350) (2,382,970)
Total equity (deficit) (65,743) (2,654)
Total liabilities and equity/deficit 4,030,166 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