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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
ASSETS    
Investments in hotel properties, gross $ 1,520,011 $ 1,403,110
Accumulated depreciation (241,928) (257,268)
Investments in hotel properties, net 1,278,083 1,145,842
Cash and cash equivalents 169,235 137,522
Restricted cash 83,096 47,820
Accounts receivable, net of allowance of $91 and $94, respectively 22,338 14,334
Insurance receivable 0 8,825
Inventories 1,898 1,425
Note receivable 0 8,098
Deferred costs, net 477 656
Prepaid expenses 4,325 3,670
Investment in unconsolidated entity   0
Derivative assets 1,007 594
Other assets 7,800 9,426
Intangible assets, net 27,994 22,545
Due from related party, net 588 349
Due from third-party hotel managers 5,522 4,589
Total assets 1,616,926 1,423,819
Liabilities:    
Indebtedness, net 985,205 820,959
Accounts payable and accrued expenses 63,976 56,803
Dividends and distributions payable 8,572 8,146
Due to Ashford Inc. 1,100 1,703
Due to third-party hotel managers 2,299 1,709
Intangible liability, net 0 3,569
Other liabilities 21,585 1,628
Total liabilities 1,082,737 894,517
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 both June 30, 2018 and December 31, 2017 106,123 106,123
Redeemable noncontrolling interests in operating partnership 47,818 46,627
Equity:    
Common stock, $0.01 par value, 200,000,000 shares authorized, 32,501,880 and 32,120,210 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively 325 321
Additional paid-in capital 472,945 469,791
Accumulated deficit (87,777) (88,807)
Total stockholders’ equity of the Company 385,493 381,305
Noncontrolling interest in consolidated entities (5,245) (4,753)
Total equity 380,248 376,552
Total liabilities and equity 1,616,926 1,423,819
Ashford Inc.    
ASSETS    
Investment in unconsolidated entity 12,628 18,124
Total assets 138,145 114,810
Liabilities:    
Total liabilities 90,331 78,742
Redeemable noncontrolling interests in operating partnership 4,852 5,111
Equity:    
Total stockholders’ equity of the Company 41,541 30,185
Noncontrolling interest in consolidated entities 1,421 772
Total equity 42,962 30,957
Total liabilities and equity $ 138,145 $ 114,810