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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Investments in hotel properties, gross ($159,495 and $147,664 attributable to VIEs). $ 3,603,062 $ 4,245,264
Accumulated depreciation ($(28,269) and $(24,726) attributable to VIEs). (1,118,574) (1,293,332)
Investments in hotel properties, net ($131,226 and $122,938 attributable to VIEs). 2,484,488 2,951,932
Contract asset 365,647 0
Cash and cash equivalents ($6,011 and $2,363 attributable to VIEs) 119,659 165,231
Restricted cash ($4,571 and $17,346 attributable to VIEs) 114,282 146,079
Accounts receivable ($540 and $271 attributable to VIEs), net of allowance of $539 and $1,214, respectively 49,874 45,521
Inventories ($47 and $5 attributable to VIEs) 3,678 3,679
Notes receivable, net 10,164 7,369
Investments in unconsolidated entities 9,132 9,960
Deferred costs, net ($185 and $218 attributable to VIEs) 1,824 1,808
Prepaid expenses ($863 and $651 attributable to VIEs) 14,250 12,806
Derivative assets 4,074 13,696
Operating lease right-of-use assets 43,835 44,047
Other assets ($2,384 and $1,433 attributable to VIEs) 18,941 25,309
Intangible assets 797 797
Assets held for sale 0 12,383
Total assets 3,269,407 3,462,281
Liabilities:    
Indebtedness, net ($65,889 and $70,073 attributable to VIEs) 2,734,537 3,040,951
Debt associated with hotels in receivership 322,800 355,120
Finance lease liability 17,998 18,469
Other finance liability ($27,015 and $26,858 attributable to VIEs) 27,015 26,858
Accounts payable and accrued expenses ($20,041 and $14,405 attributable to VIEs) 146,402 129,323
Accrued interest payable ($214 and $241 attributable to VIEs) 10,714 12,985
Accrued interest associated with hotels in receivership 42,847 14,024
Dividends and distributions payable ($0 and $147 attributable to VIEs) 3,833 3,566
Intangible liabilities, net 1,989 2,017
Operating lease liabilities 44,457 44,765
Other liabilities 3,301 3,499
Liabilities related to assets held for sale 0 14,653
Total liabilities 3,363,449 3,686,558
Commitments and contingencies (note $17)
Redeemable noncontrolling interests in operating partnership 22,675 22,007
Equity (deficit):    
Common stock, $0.01 par value, 400,000,000 shares authorized, 5,443,905 and 3,742,205 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 54 37
Additional paid-in capital 2,391,320 2,383,312
Accumulated deficit (2,679,798) (2,729,312)
Total stockholders’ equity (deficit) of the Company (288,367) (345,901)
Noncontrolling interest in consolidated entities 16,817 14,859
Total equity (deficit) (271,550) (331,042)
Total liabilities and equity/deficit 3,269,407 3,462,281
Ashford, Inc.    
Liabilities:    
Other accounts payable 6,407 13,261
Related Party    
ASSETS    
Due from related parties, net ($243 and $0 attributable to VIEs) 2,078 0
Liabilities:    
Other accounts payable 0 5,874
Nonrelated Party    
ASSETS    
Due from related parties, net ($243 and $0 attributable to VIEs) 26,684 21,664
Liabilities:    
Other accounts payable 1,149 1,193
Preferred Stock, Series J    
Liabilities:    
Redeemable preferred stock 141,809 79,975
Preferred Stock, Series K    
Liabilities:    
Redeemable preferred stock 13,024 4,783
Preferred Stock, Series D    
Equity (deficit):    
Preferred stock, $0.01 par value, 50,000,000 shares authorized: 11 12
Preferred Stock, Series F    
Equity (deficit):    
Preferred stock, $0.01 par value, 50,000,000 shares authorized: 10 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: 10 12
Preferred Stock, Series I    
Equity (deficit):    
Preferred stock, $0.01 par value, 50,000,000 shares authorized: $ 11 $ 12