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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Investments in hotel properties, net ($122,938 and $0 attributable to VIEs). $ 2,951,932 $ 3,118,331
Cash and cash equivalents ($2,363 and $0 attributable to VIEs) 165,231 417,064
Restricted cash ($17,346 and $0 attributable to VIEs) 146,079 141,962
Accounts receivable ($271 and $0 attributable to VIEs), net of allowance of $1,214 and $501, respectively 45,521 49,809
Inventories ($5 and $0 attributable to VIEs) 3,679 3,856
Notes receivable, net 7,369 5,062
Investments in unconsolidated entities 9,960 19,576
Deferred costs, net ($218 and $0 attributable to VIEs) 1,808 2,665
Prepaid expenses ($651 and $0 attributable to VIEs) 12,806 15,981
Derivative assets 13,696 47,182
Operating lease right-of-use assets 44,047 43,921
Other assets ($1,433 and $0 attributable to VIEs) 25,309 21,653
Intangible assets 797 797
Assets held for sale 12,383 0
Total assets 3,462,281 3,917,377
Liabilities:    
Indebtedness, net ($70,073 and $0 attributable to VIEs) 3,396,071 3,838,543
Finance lease liabilities 18,469 18,847
Other finance liability ($26,858 and $0 attributable to VIEs) 26,858 0
Accounts payable and accrued expenses ($14,405 and $0 attributable to VIEs) 129,323 115,970
Accrued interest payable ($241 and $0 attributable to VIEs) 27,009 15,287
Dividends and distributions payable ($147 and $0 attributable to VIEs) 3,566 3,118
Intangible liabilities, net 2,017 2,097
Operating lease liabilities 44,765 44,661
Other liabilities 3,499 4,326
Liabilities related to assets held for sale 14,653 0
Total liabilities 3,686,558 4,044,168
Commitments and contingencies (note 18)
Redeemable noncontrolling interests in operating partnership 22,007 21,550
Equity (deficit):    
Common stock, $0.01 par value, 400,000,000 shares authorized, 37,422,056 and 34,495,185 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 374 345
Additional paid-in capital 2,382,975 2,383,244
Accumulated deficit (2,729,312) (2,534,043)
Total stockholders’ equity (deficit) of the Company (345,901) (150,389)
Noncontrolling interest in consolidated entities 14,859 0
Total equity (deficit) (331,042) (150,389)
Total liabilities and equity/deficit 3,462,281 3,917,377
Ashford, Inc.    
ASSETS    
Other receivables 0 486
Liabilities:    
Other accounts payable 13,261 0
Related Party    
ASSETS    
Other receivables 0 6,570
Liabilities:    
Other accounts payable 5,874 0
Nonrelated Party    
ASSETS    
Other receivables 21,664 22,462
Liabilities:    
Other accounts payable 1,193 1,319
Preferred Stock, Series J    
Liabilities:    
Redeemable preferred stock 79,975 2,004
Preferred Stock, Series K    
Liabilities:    
Redeemable preferred stock 4,783 44
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: 11 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: 12 13
Preferred Stock, Series I    
Equity (deficit):    
Preferred stock, $0.01 par value, 50,000,000 shares authorized: $ 12 $ 13