XML 14 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
Assets    
Investments in hotel properties, net $ 1,019,958 $ 1,091,479
Cash and cash equivalents 130,014 105,039
Restricted cash 40,352 33,135
Accounts receivable, net of allowance of $71 and $68, respectively 17,296 13,370
Inventories 1,407 1,451
Note receivable 8,098 8,098
Deferred costs, net 344 755
Prepaid expenses 5,474 3,132
Investment in unconsolidated entity 0 48,365
Investment in Ashford Inc., at fair value 9,744 10,377
Derivative assets 7,001 753
Other assets 2,588 2,543
Intangible assets, net 23,000 23,160
Due from related party, net 532 371
Due from third-party hotel managers 9,771 10,722
Assets held for sale 59,746 0
Total assets 1,335,325 1,352,750
Liabilities:    
Indebtedness, net 776,025 835,592
Accounts payable and accrued expenses 58,286 43,568
Dividends and distributions payable 4,962 3,439
Unfavorable management contract liability, net 0 158
Due to Ashford Trust OP, net 15 528
Due to Ashford Inc., net 5,907 6,369
Due to third-party hotel managers 1,193 1,158
Intangible liability, net 3,654 3,682
Other liabilities 1,297 1,181
Liabilities related to assets held for sale 57,859 0
Total liabilities 909,198 895,675
Commitments and contingencies (Note 15)
5.50% Series B cumulative convertible preferred stock, $0.01 par value, 2,890,850 and 2,600,000 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively 65,997 62,248
Redeemable noncontrolling interests in operating partnership 62,509 61,781
Equity:    
Common stock, $0.01 par value, 200,000,000 shares authorized, 26,273,885 and 28,471,775 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively 262 285
Additional paid-in capital 408,078 438,347
Accumulated deficit (104,971) (99,773)
Total stockholders’ equity of the Company 303,369 338,859
Noncontrolling interest in consolidated entities (5,748) (5,813)
Total equity 297,621 333,046
Total liabilities and equity $ 1,335,325 $ 1,352,750