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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Investment in hotel properties, gross $ 3,273,437 $ 3,350,086
Accumulated depreciation (1,029,900) (1,030,879)
Investment in hotel properties, net 2,243,537 2,319,207
Cash and cash equivalents 99,965 112,907
Restricted cash 153,870 99,695
Accounts receivable, net 47,746 35,579
Allowance for doubtful accounts receivable 560 435
Inventories 3,686 3,631
Deferred costs 1,706 1,788
Other assets 32,993 39,144
Indebtedness, net 2,644,765 2,629,289
Accounts payable and accrued expenses 130,135 137,506
Accrued interest payable 19,851 10,212
Dividends and distributions declared but not paid 4,166 3,952
Other liabilities $ 33,940 $ 34,011
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) 5,908,610 5,636,595
Common stock, shares outstanding (in shares) 5,908,610 5,636,595
Ashford, Inc.    
Other accounts payable $ 8,939 $ 25,635
Related Party    
Other accounts payable 2,666 2,850
Nonrelated Party    
Other receivables 21,813 21,206
Other accounts payable $ 1,401 $ 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) 7,699,923 6,799,638
Redeemable Preferred Stock, shares outstanding (in shares) 7,699,923 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) 747,299 601,175
Redeemable Preferred Stock, shares outstanding (in shares) 747,299 601,175
Preferred Stock, Series L    
Redeemable Preferred Stock, par value (in dollars per share) $ 0.01  
Redeemable Preferred Stock, shares issued (in shares) 112,181  
Redeemable Preferred Stock, shares outstanding (in shares) 112,181  
Preferred Stock, Series M    
Redeemable Preferred Stock, par value (in dollars per share) $ 0.01  
Redeemable Preferred Stock, shares issued (in shares) 145,232  
Redeemable Preferred Stock, shares outstanding (in shares) 145,232  
Preferred Stock, Series D    
Preferred stock, shares issued (in shares) 1,111,127  
Preferred stock, shares outstanding (in shares) 1,111,127  
Preferred Stock, Series F    
Preferred stock, shares issued (in shares) 1,037,044  
Preferred stock, shares outstanding (in shares) 1,037,044  
Preferred Stock, Series G    
Preferred stock, shares issued (in shares) 1,470,948  
Preferred stock, shares outstanding (in shares) 1,470,948  
Preferred Stock, Series H    
Preferred stock, shares issued (in shares) 1,037,956  
Preferred stock, shares outstanding (in shares) 1,037,956  
Preferred Stock, Series I    
Preferred stock, shares issued (in shares) 1,034,303  
Preferred stock, shares outstanding (in shares) 1,034,303  
Variable Interest Entity, Primary Beneficiary    
Investment in hotel properties, gross $ 140,376 $ 159,378
Accumulated depreciation (34,311) (30,365)
Investment in hotel properties, net 106,065 129,012
Cash and cash equivalents 4,979 7,286
Restricted cash 3,743 3,430
Accounts receivable, net 787 614
Inventories 55 57
Deferred costs 166 181
Other assets 3,089 3,090
Indebtedness, net 46,981 65,548
Accounts payable and accrued expenses 17,896 19,963
Accrued interest payable 363 230
Dividends and distributions declared but not paid 0 1
Other liabilities 28,841 28,784
Variable Interest Entity, Primary Beneficiary | Ashford, Inc.    
Other accounts payable 5,815 5,997
Variable Interest Entity, Primary Beneficiary | Related Party    
Other accounts payable 98 113
Variable Interest Entity, Primary Beneficiary | Nonrelated Party    
Other accounts payable $ 28 $ 22