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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Investments in hotel properties, gross $ 1,529,111 $ 1,258,412
Accumulated depreciation (297,976) (243,880)
Investments in hotel properties, net 1,231,135 1,014,532
Cash and cash equivalents 126,771 126,790
Restricted cash 31,609 37,855
Accounts receivable, net of allowance of $236 and $96, respectively 20,493 18,194
Insurance receivable 19,037 0
Inventories 1,739 1,479
Note receivable 8,098 8,098
Deferred costs, net 745 1,020
Prepaid expenses 4,493 3,669
Derivative assets 758 1,149
Other assets 4,524 2,249
Intangible assets, net 22,615 22,846
Due from related party, net 645 377
Due from third-party hotel managers 7,492 7,555
Total assets 1,491,964 1,256,997
Liabilities:    
Indebtedness, net 906,820 764,616
Accounts payable and accrued expenses 59,912 44,791
Dividends and distributions payable 8,599 5,038
Due to affiliate 0 2,500
Due to third-party hotel managers 2,633 973
Intangible liability, net 3,583 3,625
Other liabilities 1,576 1,432
Total liabilities 984,503 828,060
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 September 30, 2017 and December 31, 2016, respectively 106,123 65,960
Redeemable noncontrolling interests in operating partnership 45,782 59,544
Equity:    
Common stock, $0.01 par value, 200,000,000 shares authorized, 31,950,777 and 26,021,552 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively 319 260
Additional paid-in capital 467,460 401,790
Accumulated deficit (106,941) (93,254)
Total stockholders’ equity of the Company 360,838 308,796
Noncontrolling interest in consolidated entity (5,282) (5,363)
Total equity 355,556 303,433
Total liabilities and equity 1,491,964 1,256,997
Ashford Trust OP [Member]    
ASSETS    
Due from Ashford Trust OP, net 0 488
AQUA U.S. Fund [Member]    
ASSETS    
Due from Ashford Trust OP, net 0 2,289
Ashford Inc. [Member]    
Liabilities:    
Due to affiliate 1,380 5,085
Ashford Inc. [Member]    
ASSETS    
Investment in Ashford Inc., at fair value 11,810 8,407
Total assets 84,012 129,797
Liabilities:    
Total liabilities 49,754 38,168
Redeemable noncontrolling interests in operating partnership 1,936 1,480
Equity:    
Total stockholders’ equity of the Company 31,862 37,377
Noncontrolling interest in consolidated entity 460 52,772
Total equity 32,322 90,149
Total liabilities and equity $ 84,012 $ 129,797