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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Investments in hotel properties, gross ($159,378 and $147,664 attributable to VIEs) $ 3,350,086 $ 4,245,264
Accumulated depreciation ($(30,365) and $(24,726) attributable to VIEs) (1,030,879) (1,293,332)
Investments in hotel properties, net ($129,012 and $122,938 attributable to VIEs) 2,319,207 2,951,932
Contract asset 366,671 0
Cash and cash equivalents ($7,286 and $2,363 attributable to VIEs) 112,907 165,231
Restricted cash ($3,430 and $17,346 attributable to VIEs) 99,695 146,079
Accounts receivable ($614 and $271 attributable to VIEs), net of allowance of $435 and $1,214, respectively 35,579 45,521
Inventories ($57 and $5 attributable to VIEs) 3,631 3,679
Notes receivable, net 10,565 7,369
Investments in unconsolidated entities 7,590 9,960
Deferred costs, net ($181 and $218 attributable to VIEs) 1,788 1,808
Prepaid expenses ($430 and $651 attributable to VIEs) 11,667 12,806
Derivative assets 2,594 13,696
Operating lease right-of-use assets 43,780 44,047
Other assets ($2,660 and $1,433 attributable to VIEs) 26,680 25,309
Intangible assets 797 797
Assets held for sale 96,628 12,383
Total assets 3,160,985 3,462,281
Liabilities:    
Indebtedness, net ($65,548 and $70,073 attributable to VIEs) 2,629,289 3,040,951
Debt associated with hotels in receivership 314,640 355,120
Finance lease liability 17,992 18,469
Other finance liability ($27,058 and $26,858 attributable to VIEs) 27,058 26,858
Accounts payable and accrued expenses ($19,963 and $14,405 attributable to VIEs) 137,506 129,323
Accrued interest payable ($230 and $241 attributable to VIEs) 10,212 12,985
Accrued interest associated with hotels in receivership 52,031 14,024
Dividends and distributions payable ($1 and $147 attributable to VIEs) 3,952 3,566
Intangible liabilities, net 1,981 2,017
Operating lease liabilities 44,369 44,765
Other liabilities ($1,726 and $0 attributable to VIEs) 4,972 3,499
Liabilities related to assets held for sale 99,139 14,653
Total liabilities 3,372,771 3,686,558
Commitments and contingencies (note $18)
Redeemable noncontrolling interests in operating partnership 22,509 22,007
Equity (deficit):    
Common stock, $0.01 par value, 400,000,000 shares authorized, 5,636,595 and 3,742,205 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively 56 37
Additional paid-in capital 2,392,518 2,383,312
Accumulated deficit (2,811,868) (2,729,312)
Total stockholders’ equity (deficit) of the Company (419,237) (345,901)
Noncontrolling interest in consolidated entities 13,402 14,859
Total equity (deficit) (405,835) (331,042)
Total liabilities and equity/deficit 3,160,985 3,462,281
Ashford, Inc.    
Liabilities:    
Other accounts payable 25,635 13,261
Related Party    
Liabilities:    
Other accounts payable 2,850 5,874
Nonrelated Party    
ASSETS    
Due from related parties, net 21,206 21,664
Liabilities:    
Other accounts payable 1,145 1,193
Preferred Stock, Series J    
Liabilities:    
Redeemable preferred stock 156,671 79,975
Preferred Stock, Series K    
Liabilities:    
Redeemable preferred stock 14,869 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