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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
ASSETS    
Investments in hotel properties, gross $ 1,406,476 $ 1,403,110
Accumulated depreciation (258,173) (257,268)
Investments in hotel properties, net 1,148,303 1,145,842
Cash and cash equivalents 95,223 137,522
Restricted cash 63,385 47,820
Accounts receivable, net of allowance of $77 and $94, respectively 19,692 14,334
Insurance receivable 14,203 8,825
Inventories 1,429 1,425
Note receivable 8,098 8,098
Deferred costs, net 566 656
Prepaid expenses 5,943 3,670
Investment in unconsolidated entity 1,997 0
Derivative assets 1,004 594
Other assets 15,400 9,426
Intangible assets, net 22,476 22,545
Due from related party, net 873 349
Due from third-party hotel managers 5,748 4,589
Total assets 1,422,992 1,423,819
Liabilities:    
Indebtedness, net 821,053 820,959
Accounts payable and accrued expenses 57,468 56,803
Dividends and distributions payable 8,374 8,146
Due to Ashford Inc. 267 1,703
Due to third-party hotel managers 2,231 1,709
Intangible liability, net 3,555 3,569
Other liabilities 1,681 1,628
Total liabilities 894,629 894,517
Commitments and contingencies (note 16)
5.50% Series B cumulative convertible preferred stock, $0.01 par value, 4,965,850 shares issued and outstanding at March 31, 2018 and December 31, 2017 106,123 106,123
Redeemable noncontrolling interests in operating partnership 46,259 46,627
Equity:    
Common stock, $0.01 par value, 200,000,000 shares authorized, 32,517,295 and 32,120,210 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively 325 321
Additional paid-in capital 472,220 469,791
Accumulated deficit (91,769) (88,807)
Total stockholders’ equity of the Company 380,776 381,305
Noncontrolling interest in consolidated entities (4,795) (4,753)
Total equity 375,981 376,552
Total liabilities and equity 1,422,992 1,423,819
Ashford Inc.    
ASSETS    
Investment in unconsolidated entity 18,652 18,124
Total assets 119,597 114,810
Liabilities:    
Total liabilities 82,830 78,742
Redeemable noncontrolling interests in operating partnership 4,662 5,111
Equity:    
Total stockholders’ equity of the Company 30,545 30,185
Noncontrolling interest in consolidated entities 1,560 772
Total equity 32,105 30,957
Total liabilities and equity $ 119,597 $ 114,810