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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
ASSETS    
Investments in hotel properties, net $ 1,014,532 $ 1,091,479
Cash and cash equivalents 126,790 105,039
Restricted cash 37,855 33,135
Accounts receivable, net of allowance of $96 and $68, respectively 18,194 13,370
Inventories 1,479 1,451
Note receivable 8,098 8,098
Deferred costs, net 1,020 755
Prepaid expenses 3,669 3,132
Derivative assets 1,149 753
Other assets 2,249 2,543
Intangible assets, net 22,846 23,160
Due from related party, net 377 371
Due from third-party hotel managers 7,555 10,722
Total assets 1,256,997 1,352,750
Liabilities:    
Indebtedness, net 764,616 835,592
Accounts payable and accrued expenses 44,791 43,568
Dividends and distributions payable 5,038 3,439
Unfavorable management contract liabilities 0 158
Due to affiliate 2,500 0
Due to third-party hotel managers 973 1,158
Intangible liability, net 3,625 3,682
Other liabilities 1,432 1,181
Total liabilities 828,060 895,675
Commitments and contingencies (note 13)
5.50% Series B cumulative convertible preferred stock, $0.01 par value, 2,890,850 and 2,600,000 shares issued and outstanding at December 31, 2016 and 2015, respectively 65,960 62,248
Redeemable noncontrolling interests in operating partnership 59,544 61,781
Equity:    
Common stock, $0.01 par value, 200,000,000 shares authorized, 26,021,552 and 28,471,775 shares issued and outstanding at December 31, 2016 and 2015, respectively 260 285
Additional paid-in capital 401,790 438,347
Accumulated deficit (93,254) (99,773)
Total stockholders’ equity of the Company 308,796 338,859
Noncontrolling interest in consolidated entity (5,363) (5,813)
Total equity 303,433 333,046
Total liabilities and equity 1,256,997 1,352,750
Ashford Trust OP [Member]    
ASSETS    
Due from affiliates 488 0
Liabilities:    
Due to affiliate 0 528
AQUA U.S. Fund [Member]    
ASSETS    
Due from affiliates 2,289 0
Ashford Inc. [Member]    
ASSETS    
Investment in unconsolidated entity 8,407 10,377
Total assets 129,797 166,991
Liabilities:    
Total liabilities 38,168 30,115
Redeemable noncontrolling interests in operating partnership 1,480 240
Equity:    
Total stockholders’ equity of the Company 37,377 32,165
Noncontrolling interest in consolidated entity 52,772 104,471
Total equity 90,149 136,636
Total liabilities and equity 129,797 166,991
AQUA U.S. Fund [Member]    
ASSETS    
Investment in unconsolidated entity $ 0 48,365
Total assets   106,792
Equity:    
Total liabilities and equity   $ 106,792