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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Investments in hotel properties, net ($68,390 and $0 attributable to VIEs). $ 3,147,577 $ 3,118,331
Cash and cash equivalents 251,547 417,064
Restricted cash ($17,023 and $0 attributable to VIEs) 167,473 141,962
Accounts receivable, net of allowance of $439 and $501, respectively 57,384 49,809
Inventories 3,918 3,856
Notes receivable, net 5,241 5,062
Investments in unconsolidated entities 10,517 19,576
Deferred costs, net ($93 and $0 attributable to VIEs) 1,748 2,665
Prepaid expenses 19,612 15,981
Derivative assets 36,532 47,182
Operating lease right-of-use assets 44,210 43,921
Other assets 20,883 21,653
Intangible assets 797 797
Assets held for sale 11,653 0
Total assets 3,800,858 3,917,377
Liabilities:    
Indebtedness, net ($35,808 and $0 attributable to VIEs) 3,715,902 3,838,543
Finance lease liabilities 18,655 18,847
Other finance liability ($26,729 and $0 attributable to VIEs) 26,729 0
Accounts payable and accrued expenses ($2,344 and $0 attributable to VIEs) 134,165 115,970
Accrued interest payable ($105 and $0 attributable to VIEs) 15,602 15,287
Dividends and distributions payable 3,378 3,118
Intangible liabilities, net 2,057 2,097
Operating lease liabilities 44,993 44,661
Other liabilities 4,073 4,326
Liabilities related to assets held for sale 608 0
Total liabilities 3,975,653 4,044,168
Commitments and contingencies (note 17)
Redeemable noncontrolling interests in operating partnership 22,409 21,550
Equity (deficit):    
Common stock, $0.01 par value, 400,000,000 shares authorized, 34,493,344 and 34,495,185 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 345 345
Additional paid-in capital 2,384,805 2,383,244
Accumulated deficit (2,628,370) (2,534,043)
Total stockholders’ equity (deficit) of the Company (243,155) (150,389)
Noncontrolling interest in consolidated entities 7,961 0
Total equity (deficit) (235,194) (150,389)
Total liabilities and equity/deficit 3,800,858 3,917,377
Variable Interest Entity, Primary Beneficiary    
ASSETS    
Investments in hotel properties, net ($68,390 and $0 attributable to VIEs). 68,390 0
Restricted cash ($17,023 and $0 attributable to VIEs) 17,023 0
Deferred costs, net ($93 and $0 attributable to VIEs) 93 0
Liabilities:    
Indebtedness, net ($35,808 and $0 attributable to VIEs) 35,808 0
Other finance liability ($26,729 and $0 attributable to VIEs) 26,729 0
Accounts payable and accrued expenses ($2,344 and $0 attributable to VIEs) 2,344 0
Accrued interest payable ($105 and $0 attributable to VIEs) 105 0
Ashford, Inc.    
ASSETS    
Other receivables 0 486
Liabilities:    
Other accounts payable 8,032 0
Related Party    
ASSETS    
Other receivables 2,731 6,570
Nonrelated Party    
ASSETS    
Other receivables 19,035 22,462
Liabilities:    
Other accounts payable 1,459 1,319
Preferred Stock, Series J    
Liabilities:    
Redeemable preferred stock 36,224 2,004
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
Series K Preferred Stock    
Liabilities:    
Redeemable preferred stock $ 1,766 $ 44