XML 46 R36.htm IDEA: XBRL DOCUMENT v3.22.2.2
Summary of Fair Value of Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2022
Investments, All Other Investments [Abstract]  
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments Carrying amounts and estimated fair values of financial instruments, for periods indicated, were as follows (in thousands):
September 30, 2022December 31, 2021
Carrying ValueEstimated Fair ValueCarrying ValueEstimated Fair Value
Financial assets measured at fair value:
Derivative assets$20,187 $20,187 $501 $501 
Financial liabilities measured at fair value:
Embedded debt derivative$23,278 $23,278 $27,906 $27,906 
Financial assets not measured at fair value:
Cash and cash equivalents$505,533 $505,533 $592,110 $592,110 
Restricted cash132,055 132,055 99,534 99,534 
Accounts receivable, net58,601 58,601 37,720 37,720 
Notes receivable, net4,975 
4,726 to 5,224
8,723 
8,287 to 9,159
Due from Ashford Inc., net1,761 1,761 25 25 
Due from related parties, net6,597 6,597 7,473 7,473 
Due from third-party hotel managers27,361 27,361 26,896 26,896 
Financial liabilities not measured at fair value:
Indebtedness $3,813,305 
$3,481,207 to $3,847,648
$3,851,845 
$3,407,210 to $3,765,858
Accounts payable and accrued expenses135,967 135,967 117,650 117,650 
Accrued interest payable 10,577 10,577 15,432 15,432 
Dividends and distributions payable3,103 3,103 3,104 3,104 
Due to related parties, net— — 728 728 
Due to third-party hotel managers727 727 1,204 1,204