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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Investments in hotel properties, gross $ 1,411,428 $ 1,258,412
Accumulated depreciation (254,168) (243,880)
Investments in hotel properties, net 1,157,260 1,014,532
Cash and cash equivalents 161,314 126,790
Restricted cash 35,779 37,855
Accounts receivable, net of allowance of $81 and $96, respectively 24,912 18,194
Inventories 1,790 1,479
Note receivable 8,098 8,098
Deferred costs, net 924 1,020
Prepaid expenses 6,471 3,669
Derivative assets 414 1,149
Other assets 9,068 2,249
Intangible assets, net 22,760 22,846
Due from related party, net 598 377
Due from third-party hotel managers 9,936 7,555
Total assets 1,450,822 1,256,997
Liabilities:    
Indebtedness, net 856,161 764,616
Accounts payable and accrued expenses 52,939 44,791
Dividends and distributions payable 8,025 5,038
Due to affiliate 0 2,500
Due to third-party hotel managers 962 973
Intangible liability, net 3,611 3,625
Other liabilities 1,465 1,432
Total liabilities 926,694 828,060
Commitments and contingencies (note 15)
5.50% Series B cumulative convertible preferred stock, $0.01 par value, 4,865,850 and 2,890,850 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively 104,321 65,960
Redeemable noncontrolling interests in operating partnership 48,585 59,544
Equity:    
Common stock, $0.01 par value, 200,000,000 shares authorized, 31,765,912 and 26,021,552 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively 317 260
Additional paid-in capital 467,535 401,790
Accumulated deficit (91,246) (93,254)
Total stockholders’ equity of the Company 376,606 308,796
Noncontrolling interest in consolidated entity (5,384) (5,363)
Total equity 371,222 303,433
Total liabilities and equity 1,450,822 1,256,997
Ashford Trust OP [Member]    
ASSETS    
Due from Ashford Trust OP, net 0 488
Liabilities:    
Due to affiliate 6 0
AQUA U.S. Fund [Member]    
ASSETS    
Due from Ashford Trust OP, net 0 2,289
Ashford Inc. [Member]    
Liabilities:    
Due to affiliate 3,525 5,085
Ashford Inc. [Member]    
ASSETS    
Investment in Ashford Inc., at fair value 11,498 8,407
Total assets 91,154 129,797
Liabilities:    
Total liabilities 51,278 38,168
Redeemable noncontrolling interests in operating partnership 1,671 1,480
Equity:    
Total stockholders’ equity of the Company 37,877 37,377
Noncontrolling interest in consolidated entity 328 52,772
Total equity 38,205 90,149
Total liabilities and equity $ 91,154 $ 129,797