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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Investments in hotel properties, gross $ 1,518,286 $ 1,258,412
Accumulated depreciation (265,807) (243,880)
Investments in hotel properties, net 1,252,479 1,014,532
Cash and cash equivalents 129,675 126,790
Restricted cash 34,793 37,855
Accounts receivable, net of allowance of $92 and $96, respectively 18,607 18,194
Inventories 1,780 1,479
Note receivable 8,098 8,098
Deferred costs, net 835 1,020
Prepaid expenses 5,764 3,669
Derivative assets 218 1,149
Other assets 5,542 2,249
Intangible assets, net 22,684 22,846
Due from related party, net 321 377
Due from third-party hotel managers 8,227 7,555
Total assets 1,498,958 1,256,997
Liabilities:    
Indebtedness, net 907,002 764,616
Accounts payable and accrued expenses 54,604 44,791
Dividends and distributions payable 8,356 5,038
Due to affiliate 0 2,500
Due to third-party hotel managers 2,583 973
Intangible liability, net 3,597 3,625
Other liabilities 1,520 1,432
Total liabilities 981,552 828,060
Commitments and contingencies (note 15)
5.50% Series B cumulative convertible preferred stock, $0.01 par value, 4,965,850 and 2,890,850 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively 106,129 65,960
Redeemable noncontrolling interests in operating partnership 47,550 59,544
Equity:    
Common stock, $0.01 par value, 200,000,000 shares authorized, 31,952,536 and 26,021,552 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively 319 260
Additional paid-in capital 467,866 401,790
Accumulated deficit (99,060) (93,254)
Total stockholders’ equity of the Company 369,125 308,796
Noncontrolling interest in consolidated entity (5,398) (5,363)
Total equity 363,727 303,433
Total liabilities and equity 1,498,958 1,256,997
Ashford Inc. [Member]    
Liabilities:    
Due to affiliate 3,889 5,085
Ashford Trust OP [Member]    
ASSETS    
Due from Ashford Trust OP, net 0 488
Liabilities:    
Due to affiliate 1 0
AQUA U.S. Fund [Member]    
ASSETS    
Due from Ashford Trust OP, net 0 2,289
Ashford Inc. [Member]    
ASSETS    
Investment in Ashford Inc., at fair value 9,935 8,407
Total assets 79,465 129,797
Liabilities:    
Total liabilities 45,003 38,168
Redeemable noncontrolling interests in operating partnership 1,766 1,480
Equity:    
Total stockholders’ equity of the Company 32,093 37,377
Noncontrolling interest in consolidated entity 603 52,772
Total equity 32,696 90,149
Total liabilities and equity $ 79,465 $ 129,797