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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Investment in hotel properties, gross $ 3,334,874 $ 3,350,086
Accumulated depreciation (1,036,328) (1,030,879)
Investment in hotel properties, net 2,298,546 2,319,207
Cash and cash equivalents 85,787 112,907
Restricted cash 139,190 99,695
Accounts receivable, net 48,020 35,579
Allowance for doubtful accounts receivable 507 435
Inventories 3,684 3,631
Deferred costs 1,817 1,788
Prepaid expenses 19,553 11,667
Other assets 21,049 26,680
Indebtedness, net 2,651,183 2,629,289
Other finance liability 27,092 27,058
Accounts payable and accrued expenses 129,185 137,506
Accrued interest payable 17,658 10,212
Dividends and distributions declared but not paid 4,125 3,952
Other liabilities $ 4,899 $ 4,972
Preferred stock, par value (in dollars per shares) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 55,000,000 55,000,000
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 395,000,000 395,000,000
Common stock, shares issued (in shares) 5,790,076 5,636,595
Common stock, shares outstanding (in shares) 5,790,076 5,636,595
Ashford, Inc.    
Other accounts payable $ 17,600 $ 25,635
Related Party    
Other accounts payable 4,532 2,850
Nonrelated Party    
Other receivables 22,125 21,206
Other accounts payable $ 1,421 $ 1,145
Preferred Stock, Series J    
Redeemable Preferred Stock, par value (in dollars per share) $ 0.01 $ 0.01
Redeemable Preferred Stock, shares issued (in shares) 7,677,717 6,799,638
Redeemable Preferred Stock, shares outstanding (in shares) 7,677,717 6,799,638
Preferred Stock, Series K    
Redeemable Preferred Stock, par value (in dollars per share) $ 0.01 $ 0.01
Redeemable Preferred Stock, shares issued (in shares) 759,086 601,175
Redeemable Preferred Stock, shares outstanding (in shares) 759,086 601,175
Preferred Stock, Series D    
Preferred stock, shares issued (in shares) 1,111,127 1,111,127
Preferred stock, shares outstanding (in shares) 1,111,127 1,111,127
Preferred Stock, Series F    
Preferred stock, shares issued (in shares) 1,037,044 1,037,044
Preferred stock, shares outstanding (in shares) 1,037,044 1,037,044
Preferred Stock, Series G    
Preferred stock, shares issued (in shares) 1,470,948 1,470,948
Preferred stock, shares outstanding (in shares) 1,470,948 1,470,948
Preferred Stock, Series H    
Preferred stock, shares issued (in shares) 1,037,956 1,037,956
Preferred stock, shares outstanding (in shares) 1,037,956 1,037,956
Preferred Stock, Series I    
Preferred stock, shares issued (in shares) 1,034,303 1,034,303
Preferred stock, shares outstanding (in shares) 1,034,303 1,034,303
Variable Interest Entity, Primary Beneficiary    
Investment in hotel properties, gross $ 159,197 $ 159,378
Accumulated depreciation (32,217) (30,365)
Investment in hotel properties, net 126,980 129,012
Cash and cash equivalents 5,131 7,286
Restricted cash 3,410 3,430
Accounts receivable, net 738 614
Inventories 44 57
Deferred costs 170 181
Prepaid expenses 443 430
Other assets 2,576 2,660
Indebtedness, net 65,619 65,548
Other finance liability 27,092 27,058
Accounts payable and accrued expenses 19,235 19,963
Accrued interest payable 473 230
Dividends and distributions declared but not paid 1 1
Other liabilities 1,709 1,726
Variable Interest Entity, Primary Beneficiary | Ashford, Inc.    
Other accounts payable 5,336 5,997
Variable Interest Entity, Primary Beneficiary | Related Party    
Other accounts payable 288 113
Variable Interest Entity, Primary Beneficiary | Nonrelated Party    
Other accounts payable $ 25 $ 22