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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Assets    
Investments in hotel properties, net $ 1,018,889 $ 1,091,479
Cash and cash equivalents 128,625 105,039
Restricted cash 41,098 33,135
Accounts receivable, net of allowance of $73 and $68, respectively 17,527 13,370
Inventories 1,401 1,451
Note receivable 8,098 8,098
Deferred costs, net 139 755
Prepaid expenses 4,495 3,132
Investment in unconsolidated entity 0 48,365
Investment in Ashford Inc., at fair value 9,286 10,377
Derivative assets 3,012 753
Other assets 1,623 2,543
Intangible assets, net 22,920 23,160
Due from Ashford Trust OP, net 7 0
Due from related party, net 454 371
Due from third-party hotel managers 6,554 10,722
Total assets 1,264,128 1,352,750
Liabilities:    
Indebtedness, net 766,030 835,592
Accounts payable and accrued expenses 51,123 43,568
Dividends and distributions payable 4,876 3,439
Unfavorable management contract liability, net 0 158
Due to Ashford Trust OP, net 0 528
Due to Ashford Inc., net 3,721 6,369
Due to third-party hotel managers 1,117 1,158
Intangible liability, net 3,640 3,682
Other liabilities 1,354 1,181
Total liabilities 831,861 895,675
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 September 30, 2016 and December 31, 2015, respectively 65,960 62,248
Redeemable noncontrolling interests in operating partnership 63,095 61,781
Equity:    
Common stock, $0.01 par value, 200,000,000 shares authorized, 25,646,528 and 28,471,775 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively 256 285
Additional paid-in capital 399,517 438,347
Accumulated deficit (90,662) (99,773)
Total stockholders’ equity of the Company 309,111 338,859
Noncontrolling interest in consolidated entities (5,899) (5,813)
Total equity 303,212 333,046
Total liabilities and equity $ 1,264,128 $ 1,352,750