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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Investments in hotel properties, net $ 3,118,331 $ 3,230,710
Cash and cash equivalents 417,064 592,110
Restricted cash 141,962 99,534
Accounts receivable, net of allowance of $501 and $455, respectively 49,809 37,720
Inventories 3,856 3,291
Notes receivable, net 5,062 8,723
Investments in unconsolidated entities 19,576 11,253
Deferred costs, net 2,665 5,001
Prepaid expenses 15,981 13,384
Derivative assets 47,182 501
Operating lease right-of-use assets 43,921 44,575
Other assets 21,653 16,150
Intangible assets 797 797
Due from Ashford Inc., net 486 25
Due from related parties, net 6,570 7,473
Due from third-party hotel managers 22,462 26,896
Total assets 3,917,377 4,098,143
Liabilities:    
Indebtedness, net 3,838,543 3,887,822
Finance lease liabilities 18,847 0
Accounts payable and accrued expenses 115,970 117,650
Accrued interest payable 15,287 15,432
Dividends and distributions payable 3,118 3,104
Due to related parties, net 0 728
Due to third-party hotel managers 1,319 1,204
Intangible liabilities, net 2,097 2,177
Operating lease liabilities 44,661 45,106
Other liabilities 4,326 4,832
Total liabilities 4,044,168 4,078,055
Commitments and contingencies (note $18)
Redeemable noncontrolling interests in operating partnership 21,550 22,742
Equity (deficit):    
Common stock, $0.01 par value, 400,000,000 shares authorized, 34,495,185 and 34,490,381 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively 345 345
Additional paid-in capital 2,383,244 2,379,906
Accumulated deficit (2,534,043) (2,382,970)
Total equity (deficit) (150,389) (2,654)
Total liabilities and equity/deficit 3,917,377 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
Preferred Stock, Series J    
Liabilities:    
Redeemable preferred stock 2,004 0
Preferred Stock, Series K    
Liabilities:    
Redeemable preferred stock $ 44 $ 0