XML 19 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Investments in hotel properties, gross $ 1,403,110 $ 1,258,412
Accumulated depreciation 257,268 243,880
Investments in hotel properties, net 1,145,842 1,014,532
Cash and cash equivalents 137,522 126,790
Restricted cash 47,820 37,855
Accounts receivable, net of allowance of $94 and $96, respectively 14,334 18,194
Insurance receivable 8,825 0
Inventories 1,425 1,479
Note receivable 8,098 8,098
Deferred costs, net 656 1,020
Prepaid expenses 3,670 3,669
Derivative assets 594 1,149
Other assets 9,426 2,249
Intangible assets, net 22,545 22,846
Due from related party, net 349 377
Due from third-party hotel managers 4,589 7,555
Total assets 1,423,819 1,256,997
Liabilities:    
Indebtedness, net 820,959 764,616
Accounts payable and accrued expenses 56,803 44,791
Dividends and distributions payable 8,146 5,038
Due to affiliate 0 2,500
Due to third-party hotel managers 1,709 973
Intangible liability, net 3,569 3,625
Other liabilities 1,628 1,432
Total liabilities 894,517 828,060
Commitments and contingencies (note 13)
5.50% Series B cumulative convertible preferred stock, $0.01 par value, 4,965,850 and 2,890,850 shares issued and outstanding at December 31, 2017 and 2016, respectively 106,123 65,960
Redeemable noncontrolling interests in operating partnership 46,627 59,544
Equity:    
Common stock, $0.01 par value, 200,000,000 shares authorized, 32,120,210 and 26,021,552 shares issued and outstanding at December 31, 2017 and 2016, respectively 321 260
Additional paid-in capital 469,791 401,790
Accumulated deficit (88,807) (93,254)
Total stockholders’ equity of the Company 381,305 308,796
Noncontrolling interest in consolidated entities (4,753) (5,363)
Total equity 376,552 303,433
Total liabilities and equity 1,423,819 1,256,997
Ashford Trust OP [Member]    
ASSETS    
Due from affiliates 0 488
AQUA U.S. Fund [Member]    
ASSETS    
Due from affiliates 0 2,289
Ashford Inc. [Member]    
Liabilities:    
Due to affiliate 1,703 5,085
Ashford Inc. [Member]    
ASSETS    
Investment in Ashford Inc., at fair value 18,124 8,407
Total assets 114,810 129,797
Liabilities:    
Total liabilities 78,742 38,168
Redeemable noncontrolling interests in operating partnership 5,111 1,480
Equity:    
Total stockholders’ equity of the Company 30,185 37,377
Noncontrolling interest in consolidated entities 772 52,772
Total equity 30,957 90,149
Total liabilities and equity $ 114,810 $ 129,797