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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Investments in hotel properties, net ($131,869 and $122,938 attributable to VIEs). $ 2,503,091 $ 2,951,932
Contract asset 390,104 0
Cash and cash equivalents ($3,845 and $2,363 attributable to VIEs) 121,774 165,231
Restricted cash ($6,480 and $17,346 attributable to VIEs) 124,501 146,079
Accounts receivable ($221 and $271 attributable to VIEs), net of allowance of $898 and $1,214, respectively 61,319 45,521
Inventories ($5 and $5 attributable to VIEs) 3,612 3,679
Notes receivable, net 10,846 7,369
Investments in unconsolidated entities 9,265 9,960
Deferred costs, net ($197 and $218 attributable to VIEs) 1,666 1,808
Prepaid expenses ($677 and $651 attributable to VIEs) 15,207 12,806
Derivative assets 16,332 13,696
Operating lease right-of-use assets 43,905 44,047
Other assets ($1,956 and $1,433 attributable to VIEs) 17,677 25,309
Intangible assets 797 797
Assets held for sale 0 12,383
Total assets 3,346,428 3,462,281
Liabilities:    
Indebtedness, net ($71,576 and $70,073 attributable to VIEs) 2,758,649 3,040,951
Debt associated with hotels in receivership 355,120 355,120
Finance lease liability 18,235 18,469
Other finance liability ($26,963 and $26,858 attributable to VIEs) 26,963 26,858
Accounts payable and accrued expenses ($11,140 and $14,405 attributable to VIEs) 134,571 129,323
Accrued interest payable ($509 and $241 attributable to VIEs) 11,788 12,985
Accrued interest associated with hotels in receivership 34,984 14,024
Dividends and distributions payable ($1 and $147 attributable to VIEs) 3,767 3,566
Intangible liabilities, net 1,997 2,017
Operating lease liabilities 44,559 44,765
Other liabilities 3,357 3,499
Liabilities related to assets held for sale 0 14,653
Total liabilities 3,402,775 3,686,558
Commitments and contingencies (note $17)
Redeemable noncontrolling interests in operating partnership 22,972 22,007
Equity (deficit):    
Common stock, $0.01 par value, 400,000,000 shares authorized, 46,757,956 and 37,422,056 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 468 374
Additional paid-in capital 2,389,941 2,382,975
Accumulated deficit (2,616,339) (2,729,312)
Total stockholders’ equity (deficit) of the Company (225,870) (345,901)
Noncontrolling interest in consolidated entities 17,894 14,859
Total equity (deficit) (207,976) (331,042)
Total liabilities and equity/deficit 3,346,428 3,462,281
Ashford, Inc.    
Liabilities:    
Other accounts payable 7,513 13,261
Related Party    
ASSETS    
Due from related parties, net ($20 and $0 attributable to VIEs) 4,169 0
Liabilities:    
Other accounts payable 0 5,874
Nonrelated Party    
ASSETS    
Due from related parties, net ($20 and $0 attributable to VIEs) 22,163 21,664
Liabilities:    
Other accounts payable 1,272 1,193
Preferred Stock, Series J    
Liabilities:    
Redeemable preferred stock 119,817 79,975
Preferred Stock, Series K    
Liabilities:    
Redeemable preferred stock 8,840 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