XML 69 R59.htm IDEA: XBRL DOCUMENT v3.22.2.2
Summary of Fair Value of Financial Instruments - Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Sep. 30, 2021
Dec. 31, 2020
Financial assets measured at fair value:        
Derivative assets, Carrying value $ 20,187 $ 501    
Financial assets not measured at fair value:        
Cash and cash equivalents 505,533 592,110 $ 672,961 $ 92,905
Restricted cash, Carrying value 132,055 99,534 84,985 $ 74,408
Accounts receivable, Carrying value 58,601 37,720    
Notes receivable, net, Carrying value 4,975 8,723    
Due from Ashford Inc., net, Carrying value 1,761 25    
Due from related parties, net 6,597 7,473    
Due from third-party hotel managers, carrying value 27,361 26,896    
Financial liabilities not measured at fair value:        
Accounts payable and accrued expenses 135,967 117,650    
Accrued interest payable 10,577 15,432    
Dividends payable, Carrying value 3,103 3,104 $ 236  
Due to related parties, net, Carrying value 0 728    
Due to third-party hotel managers, Carrying value 727 1,204    
Carrying Value        
Financial assets measured at fair value:        
Derivative assets, Carrying value 20,187 501    
Financial liabilities measured at fair value:        
Derivative liabilities, Carrying value 23,278 27,906    
Financial assets not measured at fair value:        
Cash and cash equivalents 505,533 592,110    
Restricted cash, Carrying value 132,055 99,534    
Accounts receivable, Carrying value 58,601 37,720    
Notes receivable, net, Carrying value 4,975 8,723    
Due from Ashford Inc., net, Carrying value 1,761 25    
Due from related parties, net 6,597 7,473    
Due from third-party hotel managers, carrying value 27,361 26,896    
Financial liabilities not measured at fair value:        
Indebtedness, Carrying value 3,813,305 3,851,845    
Accounts payable and accrued expenses 135,967 117,650    
Accrued interest payable 10,577 15,432    
Dividends payable, Carrying value 3,103 3,104    
Due to related parties, net, Carrying value 0 728    
Due to third-party hotel managers, Carrying value 727 1,204    
Estimated Fair Value        
Financial assets measured at fair value:        
Derivative assets, Estimated fair value 20,187 501    
Financial liabilities measured at fair value:        
Derivative liabilities, Estimated fair value 23,278 27,906    
Financial assets not measured at fair value:        
Cash and cash equivalents, Estimated fair value 505,533 592,110    
Restricted cash, Estimated fair value 132,055 99,534    
Accounts receivable, Estimated fair value 58,601 37,720    
Due from Ashford, Inc., net, Estimated fair value 1,761 25    
Due from related parties, net, Estimated fair value 6,597 7,473    
Due from third party hotel managers, Estimated fair value 27,361 26,896    
Financial liabilities not measured at fair value:        
Accounts payable and accrued expenses, Estimated fair value 135,967 117,650    
Accrued interest payable, Estimated fair value 10,577 15,432    
Dividends payable, Estimated fair value 3,103 3,104    
Due to related parties, net, Estimated fair value 0 728    
Due to third-party hotel managers, Estimated fair value 727 1,204    
Minimum | Estimated Fair Value        
Financial assets not measured at fair value:        
Notes receivable, net, Estimated fair value 4,726 8,287    
Financial liabilities not measured at fair value:        
Indebtedness, Estimated fair value 3,481,207 3,407,210    
Maximum | Estimated Fair Value        
Financial assets not measured at fair value:        
Notes receivable, net, Estimated fair value 5,224 9,159    
Financial liabilities not measured at fair value:        
Indebtedness, Estimated fair value $ 3,847,648 $ 3,765,858