XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Investments in hotel properties, net $ 3,114,528 $ 3,230,710
Cash and cash equivalents 505,533 592,110
Restricted cash 132,055 99,534
Accounts receivable, net of allowance of $634 and $455, respectively 58,601 37,720
Inventories 3,788 3,291
Notes receivable, net 4,975 8,723
Investments in unconsolidated entities 10,802 11,253
Deferred costs, net 3,247 5,001
Prepaid expenses 19,797 13,384
Derivative assets 20,187 501
Operating lease right-of-use assets 44,082 44,575
Other assets 17,559 16,150
Intangible assets 797 797
Due from Ashford Inc., net 1,761 25
Due from related parties, net 6,597 7,473
Due from third-party hotel managers 27,361 26,896
Total assets 3,971,670 4,098,143
Liabilities:    
Indebtedness, net 3,838,697 3,887,822
Accounts payable and accrued expenses 135,967 117,650
Accrued interest payable 10,577 15,432
Dividends and distributions payable 3,103 3,104
Due to related parties, net 0 728
Due to third-party hotel managers 727 1,204
Intangible liabilities, net 2,117 2,177
Operating lease liabilities 44,781 45,106
Other liabilities 4,452 4,832
Total liabilities 4,040,421 4,078,055
Commitments and contingencies (note $16)
Redeemable noncontrolling interests in operating partnership 21,988 22,742
Equity (deficit):    
Common stock, $0.01 par value, 400,000,000 shares authorized, 34,498,993 and 34,490,381 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 345 345
Additional paid-in capital 2,382,863 2,379,906
Accumulated deficit (2,474,012) (2,382,970)
Total equity (deficit) (90,739) (2,654)
Total liabilities and equity/deficit 3,971,670 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