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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Investments in hotel properties, net ($129,063 and $122,938 attributable to VIEs). $ 2,538,470 $ 2,951,932
Contract asset 378,160 0
Cash and cash equivalents ($3,675 and $2,363 attributable to VIEs) 111,065 165,231
Restricted cash ($9,600 and $17,346 attributable to VIEs) 132,949 146,079
Accounts receivable ($218 and $271 attributable to VIEs), net of allowance of $1,302 and $1,214, respectively 56,041 45,521
Inventories ($4 and $5 attributable to VIEs) 3,754 3,679
Notes receivable, net 9,642 7,369
Investments in unconsolidated entities 9,426 9,960
Deferred costs, net ($206 and $218 attributable to VIEs) 1,750 1,808
Prepaid expenses ($867 and $651 attributable to VIEs) 22,133 12,806
Derivative assets 12,398 13,696
Operating lease right-of-use assets 43,975 44,047
Other assets ($1,645 and $1,433 attributable to VIEs) 18,948 25,309
Intangible assets 797 797
Assets held for sale 176,178 12,383
Total assets 3,539,217 3,462,281
Liabilities:    
Indebtedness, net ($70,546 and $70,073 attributable to VIEs) 2,934,894 3,040,951
Debt associated with hotels in receivership 355,120 355,120
Finance lease liabilities 18,387 18,469
Other finance liability ($26,908 and $26,858 attributable to VIEs) 26,908 26,858
Accounts payable and accrued expenses ($12,582 and $14,405 attributable to VIEs) 130,613 129,323
Accrued interest payable ($520 and $241 attributable to VIEs) 12,511 12,985
Accrued interest associated with hotels in receivership 23,040 14,024
Dividends and distributions payable ($1 and $147 attributable to VIEs) 3,651 3,566
Intangible liabilities, net 2,005 2,017
Operating lease liabilities 44,661 44,765
Other liabilities 3,443 3,499
Liabilities related to assets held for sale 101,720 14,653
Total liabilities 3,670,175 3,686,558
Commitments and contingencies (note $17)
Redeemable noncontrolling interests in operating partnership 22,300 22,007
Equity (deficit):    
Common stock, $0.01 par value, 400,000,000 shares authorized, 40,167,334 and 37,422,056 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 402 374
Additional paid-in capital 2,383,814 2,382,975
Accumulated deficit (2,661,080) (2,729,312)
Total stockholders’ equity (deficit) of the Company (276,804) (345,901)
Noncontrolling interest in consolidated entities 16,920 14,859
Total equity (deficit) (259,884) (331,042)
Total liabilities and equity/deficit 3,539,217 3,462,281
Ashford, Inc.    
Liabilities:    
Other accounts payable 9,732 13,261
Related Party    
Liabilities:    
Other accounts payable 2,003 5,874
Nonrelated Party    
ASSETS    
Due from third-party hotel managers 23,531 21,664
Liabilities:    
Other accounts payable 1,487 1,193
Preferred Stock, Series J    
Liabilities:    
Redeemable preferred stock 100,192 79,975
Preferred Stock, Series K    
Liabilities:    
Redeemable preferred stock 6,434 4,783
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 11
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: 11 12
Preferred Stock, Series I    
Equity (deficit):    
Preferred stock, $0.01 par value, 50,000,000 shares authorized: $ 11 $ 12