XML 57 R35.htm IDEA: XBRL DOCUMENT v3.24.0.1
REAL ESTATE AND ACCUMULATED DEPRECIATION
 12 Months Ended
Dec. 31, 2023
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
REAL ESTATE AND ACCUMULATED DEPRECIATION
SCHEDULE III
ASHFORD HOSPITALITY TRUST, INC. AND SUBSIDIARIES
REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2023
(dollars in thousands)
Column AColumn BColumn CColumn DColumn EColumn FColumn GColumn HColumn I
Initial CostCosts Capitalized
Since Acquisition
Gross Carrying Amount
At Close of Period (6)
Hotel PropertyLocationEncumbrancesLandFF&E,
Buildings and
Improvements		LandFF&E,
Buildings and
Improvements		LandFF&E,
Buildings and
Improvements		TotalAccumulated
Depreciation		Construction
Date		Acquisition
Date		Income
Statement
Embassy Suites  Austin, TX $22,848 $1,204 $9,388 $193 $8,954 $1,397 $18,342 $19,739 $8,614  08/1998  (1), (2), (3)
Embassy Suites  Dallas, TX 15,123 1,878 8,907 238 10,324 2,116 19,231 21,347 8,777  12/1998  (1), (2), (3)
Embassy Suites  Herndon, VA 22,674 1,303 9,836 277 5,138 1,580 14,974 16,554 9,670  12/1998  (1), (2), (3)
Embassy Suites Las Vegas, NV 29,613 3,307 16,952 397 4,992 3,704 21,944 25,648 14,141  05/1999  (1), (2), (3)
Embassy Suites Houston, TX 17,417 1,799 10,404 — 3,920 1,799 14,324 16,123 7,231  03/2005  (1), (2), (3)
Embassy Suites West Palm Beach, FL 19,365 3,277 13,949 — 5,008 3,277 18,957 22,234 8,618  03/2005  (1), (2), (3)
Embassy Suites Philadelphia, PA 21,345 5,791 34,819 — 4,087 5,791 38,906 44,697 17,809  12/2006  (1), (2), (3)
Embassy Suites Arlington, VA 40,487 36,065 41,588 — 9,638 36,065 51,226 87,291 23,831  04/2007  (1), (2), (3)
Embassy Suites Portland, OR 77,241 11,110 60,048 — 7,927 11,110 67,975 79,085 28,855  04/2007  (1), (2), (3)
Embassy Suites Santa Clara, CA 58,903 8,948 46,239 — 7,927 8,948 54,166 63,114 24,345  04/2007  (1), (2), (3)
Embassy Suites Orlando, FL 19,675 5,674 21,593 — 6,339 5,674 27,932 33,606 12,926  04/2007  (1), (2), (3)
Hilton Garden Inn  Jacksonville, FL 11,496 1,751 9,164 — 2,131 1,751 11,295 13,046 6,120  11/2003  (1), (2), (3)
Hilton Garden Inn Austin, TX 62,970 7,605 48,725 — 510 7,605 49,235 56,840 12,368  03/2015  (1), (2), (3)
Hilton Garden Inn Baltimore, MD 15,413 4,027 20,199 — 3,361 4,027 23,560 27,587 7,715  03/2015  (1), (2), (3)
Hilton Garden Inn Virginia Beach, VA 30,545 4,101 26,329 — 471 4,101 26,800 30,901 6,370  03/2015  (1), (2), (3)
Hilton  Ft. Worth, TX 42,854 4,538 13,922 — 16,226 4,539 30,148 34,687 16,785  03/2005  (1), (2), (3)
Hilton Houston, TX 19,509 2,200 13,247 — 5,703 2,200 18,949 21,150 9,916  03/2005  (1), (2), (3)
Hilton St. Petersburg, FL 47,654 2,991 13,907 (1,130)12,795 1,861 26,702 28,563 12,137  03/2005  (1), (2), (3)
Hilton Santa Fe, NM 23,829 7,004 10,689 — 2,838 7,004 13,527 20,531 6,734  12/2006  (1), (2), (3)
Hilton Bloomington, MN 32,348 5,685 59,139 — 5,613 5,685 64,752 70,437 28,720  04/2007  (1), (2), (3)
Hilton Costa Mesa, CA 57,358 12,917 91,791 — 7,978 12,917 99,769 112,686 44,077  04/2007  (1), (2), (3)
Hilton Boston, MA 98,000 62,555 134,407 — 4,872 62,556 139,279 201,834 34,658  03/2015  (1), (2), (3)
Hilton Parsippany, NJ 36,184 7,293 58,098 — (147)7,293 57,951 65,244 14,521  03/2015  (1), (2), (3)
Hilton Tampa, FL 26,081 5,206 21,186 — 5,298 5,206 26,484 31,690 10,940  03/2015  (1), (2), (3)
Hilton Alexandria, VA 62,753 14,459 96,602 — 1,338 14,459 97,940 112,399 15,312  06/2018  (1), (2), (3)
Hilton Santa Cruz, CA 22,742 9,399 38,129 — 2,055 9,399 40,184 49,583 7,291  02/2019  (1), (2), (3)
Hampton Inn  Lawrenceville, GA — 697 3,808 — 1,426 697 5,234 5,931 2,771  11/2003  (1), (2), (3)
Hampton Inn Evansville, IN 10,872 1,301 5,034 — 8,532 1,301 13,566 14,867 4,220  09/2004  (1), (2), (3)
Hampton Inn Parsippany, NJ 17,716 3,268 24,306 — 17 3,268 24,323 27,591 6,044  03/2015  (1), (2), (3)
Hampton Inn Buford, GA 10,000 1,168 5,338 — 3,732 1,168 9,070 10,238 5,354  07/2004  (1), (2), (3)
Marriott  Beverly Hills, CA 111,129 6,510 22,061 — 3,411 6,510 25,472 31,982 12,699  03/2005  (1), (2), (3)
Marriott  Arlington, VA 86,000 20,637 101,376 — 21,928 20,637 123,304 143,941 62,838  07/2006  (1), (2), (3)
Marriott Dallas, TX 27,439 2,701 30,893 — 5,883 2,701 36,776 39,477 16,108  04/2007  (1), (2), (3)
Marriott Fremont, CA 43,438 5,800 44,200 — 15,847 5,800 60,047 65,847 20,598  08/2014  (1), (2), (3)
Column AColumn BColumn CColumn DColumn EColumn FColumn GColumn HColumn I
Initial CostCosts Capitalized
Since Acquisition
Gross Carrying Amount
At Close of Period (6)
Hotel PropertyLocationEncumbrancesLandFF&E,
Buildings and
Improvements		LandFF&E,
Buildings and
Improvements		LandFF&E,
Buildings and
Improvements		TotalAccumulated
Depreciation		Construction
Date		Acquisition
Date		Income
Statement
Marriott Memphis, TN 20,113 6,210 37,284 — (1,978)6,210 35,306 41,516 8,510  02/2015  (1), (2), (3)
Marriott Irving, TX 63,346 8,330 82,272 — 19,913 8,330 102,185 110,515 34,011  03/2015  (1), (2), (3)
Marriott Omaha, NE 15,061 6,641 49,887 — 6,225 6,641 56,112 62,753 17,061  03/2015  (1), (2), (3)
Marriott Sugarland, TX 59,211 9,047 84,043 — 8,185 9,047 92,227 101,275 21,178  03/2015  (1), (2), (3)
Marriott white label (7)
 Key West, FL 56,756 — 27,514 — 27,658 — 55,172 55,172 17,056  03/2005  (1), (2), (3)
SpringHill Suites by Marriott  Baltimore, MD 13,600 2,502 13,206 — 1,793 2,502 14,999 17,501 7,758  05/2004  (1), (2), (3)
SpringHill Suites by Marriott  Kennesaw, GA 6,133 1,106 5,021 — 1,741 1,107 6,762 7,868 3,678  07/2004  (1), (2), (3)
SpringHill Suites by Marriott  Buford, GA 4,500 1,132 6,089 — 6,874 1,132 12,963 14,095 4,501  07/2004  (1), (2), (3)
SpringHill Suites by Marriott  Manhattan Beach, CA 28,560 5,726 21,187 — 1,220 5,726 22,407 28,133 9,693  04/2007  (1), (2), (3)
SpringHill Suites by Marriott  Plymouth Meeting, PA 20,800 3,210 24,578 — 1,740 3,210 26,318 29,528 11,393  04/2007  (1), (2), (3)
Fairfield Inn by Marriott  Kennesaw, GA 4,811 840 4,359 (21)2,467 819 6,826 7,645 4,003  07/2004  (1), (2), (3)
Courtyard by Marriott  Bloomington, IN 13,933 900 10,741 — 1,157 900 11,898 12,798 5,919  09/2004  (1), (2), (3)
Courtyard by Marriott - Tremont  Boston, MA 97,368 24,494 85,246 — 2,083 24,494 87,329 111,823 22,433  03/2015  (1), (2), (3)
Courtyard by Marriott Columbus, IN 8,160 673 4,804 — 1,424 673 6,228 6,901 3,033  09/2004  (1), (2), (3)
Courtyard by Marriott Denver, CO 31,720 9,342 29,656 — 903 9,342 30,559 39,901 8,681  03/2015  (1), (2), (3)
Courtyard by Marriott Gaithersburg, MD 27,162 5,128 30,522 — 836 5,128 31,358 36,486 7,947  03/2015  (1), (2), (3)
Courtyard by Marriott Crystal City, VA 41,599 5,411 38,610 — 7,428 5,411 46,038 51,449 23,189  06/2005  (1), (2), (3)
Courtyard by Marriott Overland Park, KS 8,009 1,868 14,030 — 1,784 1,868 15,814 17,682 7,559  06/2005  (1), (2), (3)
Courtyard by Marriott Foothill Ranch, CA 21,255 2,447 16,005 — 1,441 2,447 17,446 19,893 8,271  06/2005  (1), (2), (3)
Courtyard by Marriott Alpharetta, GA 19,230 2,244 12,345 — 1,606 2,244 13,951 16,195 6,536  06/2005  (1), (2), (3)
Courtyard by Marriott Oakland, CA 28,240 5,112 19,429 — 1,313 5,112 20,742 25,854 9,185  04/2007  (1), (2), (3)
Courtyard by Marriott Scottsdale, AZ 23,600 3,700 22,134 — 2,456 3,700 24,589 28,290 10,807  04/2007  (1), (2), (3)
Courtyard by Marriott Plano, TX 18,160 2,115 22,360 — 2,079 2,115 24,439 26,554 10,568  04/2007  (1), (2), (3)
Courtyard by Marriott Newark, CA 34,960 2,863 10,723 — 2,033 2,864 12,756 15,619 5,459  04/2007  (1), (2), (3)
Courtyard by Marriott Manchester, CT 5,613 1,301 7,430 — 979 1,301 8,409 9,710 3,897  04/2007  (1), (2), (3)
Courtyard by Marriott Basking Ridge, NJ 41,600 5,419 45,304 — 3,437 5,419 48,741 54,160 21,511  04/2007  (1), (2), (3)
Marriott Residence Inn  Evansville, IN 7,658 961 5,972 — 548 961 6,520 7,481 3,306  09/2004  (1), (2), (3)
Marriott Residence Inn Orlando, FL 23,395 6,554 40,539 — 10,798 6,554 51,337 57,891 26,760  06/2005  (1), (2), (3)
Marriott Residence Inn Falls Church, VA 25,573 2,752 34,979 — 3,727 2,752 38,706 41,458 18,329  06/2005  (1), (2), (3)
Marriott Residence Inn San Diego, CA 28,635 3,156 29,514 — 1,980 3,156 31,494 34,650 15,155  06/2005  (1), (2), (3)
Marriott Residence Inn (8)
 Salt Lake City, UT 14,388 1,897 16,357 — 2,989 1,894 19,349 21,243 9,297  06/2005  (1), (2), (3)
Marriott Residence Inn Las Vegas, NV 38,160 18,177 39,568 (6,185)(16,376)11,991 23,192 35,183 6,713  04/2007  (1), (2), (3), (4)
Marriott Residence Inn Phoenix, AZ 23,680 4,100 23,187 — 8,995 4,100 32,182 36,282 12,451  04/2007  (1), (2), (3)
Marriott Residence Inn Plano, TX 14,160 2,045 16,869 — 1,259 2,045 18,128 20,173 7,870  04/2007  (1), (2), (3)
Marriott Residence Inn Newark, CA 37,760 3,272 11,706 — 2,108 3,272 13,814 17,086 6,192  04/2007  (1), (2), (3)
Marriott Residence Inn  Manchester, CT 7,700 1,462 8,306 — 3,079 1,462 11,385 12,847 4,363  04/2007  (1), (2), (3)
Marriott Residence Inn  Jacksonville, FL 8,000 1,997 16,084 — 5,044 1,997 21,128 23,125 10,507  05/2007  (1), (2), (3)
Tribute Portfolio  Santa Fe, NM 35,697 8,094 42,058 — 4,453 8,094 46,511 54,605 7,982  10/2018  (1), (2), (3)
TownePlace Suites by Marriott  Manhattan Beach, CA 23,680 4,805 17,543 — 1,660 4,805 19,203 24,008 8,408  04/2007  (1), (2), (3)
Column AColumn BColumn CColumn DColumn EColumn FColumn GColumn HColumn I
Initial CostCosts Capitalized
Since Acquisition
Gross Carrying Amount
At Close of Period (6)
Hotel PropertyLocationEncumbrancesLandFF&E,
Buildings and
Improvements		LandFF&E,
Buildings and
Improvements		LandFF&E,
Buildings and
Improvements		TotalAccumulated
Depreciation		Construction
Date		Acquisition
Date		Income
Statement
Ritz-Carlton  Atlanta, GA 93,045 2,477 80,139 — 18,398 2,477 98,537 101,014 30,962  03/2015  (1), (2), (3)
One Ocean  Atlantic Beach, FL 51,990 5,815 14,817 — 5,056 5,815 19,873 25,688 11,043  04/2004  (1), (2), (3)
Renaissance  Nashville, TN 207,000 20,671 158,260 — 31,761 20,671 190,021 210,692 56,282  03/2015  (1), (2), (3)
Renaissance Palm Springs, CA 48,966 — 74,112 — 5,198 — 79,310 79,310 22,359  03/2015  (1), (2), (3)
Sheraton Hotel  Minneapolis, MN 18,283 2,953 14,280 — 1,514 2,953 15,794 18,747 7,714  03/2005  (1), (2), (3)
Sheraton Hotel Indianapolis, IN 57,970 3,100 22,041 — 10,880 3,100 32,921 36,021 16,715  03/2005  (1), (2), (3)
Sheraton Hotel Anchorage, AK 19,584 4,023 39,363 — 7,680 4,023 47,043 51,066 22,367  12/2006  (1), (2), (3)
Sheraton Hotel San Diego, CA 24,993 7,294 36,382 — 2,805 7,294 39,187 46,481 17,226  12/2006  (1), (2), (3)
Hyatt Regency  Coral Gables, FL 43,683 4,805 50,820 — 13,330 4,805 64,150 68,955 29,999  04/2007  (1), (2), (3)
Hyatt Regency  Hauppauge, NY 34,304 6,284 35,669 — 446 6,284 36,115 42,399 13,322  03/2015  (1), (2), (3)
Hyatt Regency  Savannah, GA 65,789 14,041 72,721 — 7,757 14,041 80,478 94,519 23,196  03/2015  (1), (2), (3)
Annapolis Historic Inn  Annapolis, MD 16,296 3,028 7,833 — 2,214 3,028 10,047 13,075 5,146  03/2005  (1), (2), (3)
Lakeway Resort & Spa  Austin, TX 14,523 4,541 28,940 — 1,789 4,541 30,729 35,270 10,410  02/2015  (1), (2), (3)
Silversmith  Chicago, IL 26,363 4,782 22,398 — (1,742)4,782 20,656 25,438 6,030  03/2015  (1), (2), (3)
The Churchill  Washington, DC 39,074 25,898 32,304 — 4,154 25,898 36,458 62,356 11,043  03/2015  (1), (2), (3)
The Melrose  Washington, DC 71,710 29,277 62,507 — (1,156)29,277 61,351 90,628 14,611  03/2015  (1), (2), (3)
Le Pavillon  New Orleans, LA 37,000 10,933 51,549 (2,601)17,731 8,332 69,280 77,612 18,260  06/2015  (1), (2), (3)
The Ashton  Ft. Worth, TX 8,881 800 7,187 — 552 800 7,739 8,539 2,205  07/2014  (1), (2), (3)
Westin  Princeton, NJ 33,000 6,475 52,195 — 3,497 6,475 55,692 62,167 15,298  03/2015  (1), (2), (3)
Atlanta Hotel Indigo  Atlanta, GA 13,759 3,230 23,713 — 3,122 3,230 26,835 30,065 7,592  10/2015  (1), (2), (3)
Le Meridien (9)
Fort Worth, TX41,563 4,609 82,749 — — 4,609 82,749 87,358 — (1), (2), (3)
Total(5)
$3,210,783 $616,238 $3,163,713 $(8,832)$478,119 $607,406 $3,641,832 $4,249,238 $1,302,063 
_________________________
(1)    Estimated useful life for buildings is 39 years.
(2)    Estimated useful life for building improvements is 7.5 years.
(3)    Estimated useful life for furniture and fixtures is 1.5 to 5 years.
(4)    Amounts include impairment charges.
(5)     Hilton Marietta is not included in this schedule as it is operated through a lease.
(6)     The cost of land and depreciable property, net of accumulated depreciation, for U.S. federal income tax purposes was approximately $2.8 billion as of December 31, 2023.
(7)    The Company entered into a new franchise agreement with Marriott to convert the Le Pavillon in New Orleans, Louisiana to a Tribute Portfolio property. The agreement with Marriott calls for the hotel to be converted to a Tribute Portfolio property by December 31, 2024.
(8)     Hotel property was held for sale as of December 31, 2023.
(9)    Hotel property is under development.
Year Ended December 31,
202320222021
Investment in Real Estate:
Beginning balance$4,546,384 $4,663,153 $4,798,605 
Additions206,737 125,244 40,789 
Impairment/write-offs(194,343)(195,736)(151,753)
Sales/disposals(292,268)(46,277)(24,488)
Assets held for sale(21,246)— — 
Ending balance$4,245,264 $4,546,384 $4,663,153 
Accumulated Depreciation:
Beginning balance1,428,053 1,432,443 1,371,623 
Depreciation expense188,021 201,926 219,112 
Impairment/write-offs(194,343)(195,736)(151,753)
Sales/disposals(119,102)(10,580)(6,539)
Assets held for sale(9,297)— — 
Ending balance$1,293,332 $1,428,053 $1,432,443 
Investment in Real Estate, net$2,951,932 $3,118,331 $3,230,710