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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Assets    
Investments in hotel properties, net $ 1,082,812 $ 1,091,479
Cash and cash equivalents 101,891 105,039
Restricted cash 36,374 33,135
Accounts receivable, net of allowance of $70 and $68, respectively 14,562 13,370
Inventories 1,467 1,451
Note receivable 8,098 8,098
Deferred costs, net 550 755
Prepaid expenses 5,056 3,132
Investment in unconsolidated entity 45,715 48,365
Investment in Ashford Inc., at fair value 8,884 10,377
Derivative assets 4,404 753
Other assets 3,445 2,543
Intangible assets, net 23,080 23,160
Due from related party, net 682 371
Due from third-party hotel managers 12,692 10,722
Total assets 1,349,712 1,352,750
Liabilities:    
Indebtedness, net 834,110 835,592
Accounts payable and accrued expenses 47,762 43,568
Dividends and distributions payable 4,325 3,439
Unfavorable management contract liabilities 119 158
Due to Ashford Trust OP, net 13 528
Due to Ashford Inc. 5,286 6,369
Due to third-party hotel managers 1,254 1,158
Intangible liability, net 3,668 3,682
Other liabilities 1,239 1,181
Total liabilities $ 897,776 $ 895,675
Commitments and contingencies (Note 14)
5.50% Series B cumulative convertible preferred stock, $0.01 par value, 2,600,000 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively $ 62,236 $ 62,248
Redeemable noncontrolling interests in operating partnership 50,858 61,781
Equity:    
Common stock, $0.01 par value, 200,000,000 shares authorized, 28,461,767 and 28,471,775 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively 285 285
Additional paid-in capital 436,881 438,347
Accumulated deficit (92,656) (99,773)
Total stockholders’ equity of the Company 344,510 338,859
Noncontrolling interest in consolidated entities (5,668) (5,813)
Total equity 338,842 333,046
Total liabilities and equity $ 1,349,712 $ 1,352,750