XML 60 R48.htm IDEA: XBRL DOCUMENT v3.10.0.1
Investment in Unconsolidated Entity (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Mar. 28, 2018
Dec. 31, 2017
Schedule of Equity Method Investments [Line Items]            
Ownership percentage 8.20%   8.20%      
Total assets $ 1,616,926   $ 1,616,926     $ 1,423,819
Total liabilities 1,082,737   1,082,737     894,517
Redeemable noncontrolling interests in operating partnership 47,818   47,818     46,627
Total stockholders’ equity of Ashford Inc. 385,493   385,493     381,305
Noncontrolling interest in consolidated entities (5,245)   (5,245)     (4,753)
Total equity 380,248   380,248     376,552
Total liabilities and equity 1,616,926   1,616,926     1,423,819
Investment in unconsolidated entity           $ 0
Total revenue 121,118 $ 116,092 223,607 $ 213,388    
Total operating expenses (99,702) (103,685) (187,903) (193,731)    
OPERATING INCOME (LOSS) 21,416 12,407 35,704 19,657    
Income tax (expense) benefit (1,202) (479) (1,774) (1)    
NET INCOME (LOSS) 12,854 386 17,124 97    
Net (income) loss attributable to redeemable noncontrolling interests (1,235) 343 (1,527) 598    
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY 11,530 (885) 15,550 (898)    
Our unrealized gain (loss) on investment in Ashford Inc. (6,024) (1,563) (5,496) 1,528    
Equity in earnings (loss) of unconsolidated entity $ (62) 0 $ (65) 0    
Ashford Inc.            
Schedule of Equity Method Investments [Line Items]            
Investment owned (in shares) 195   195     195
Share price (in dollars per share) $ 64.80   $ 64.80     $ 93.0
Ownership percentage 9.20%   9.20%     9.30%
Total assets $ 138,145   $ 138,145     $ 114,810
Total liabilities 90,331   90,331     78,742
Redeemable noncontrolling interests in operating partnership 4,852   4,852     5,111
Total stockholders’ equity of Ashford Inc. 41,541   41,541     30,185
Noncontrolling interest in consolidated entities 1,421   1,421     772
Total equity 42,962   42,962     30,957
Total liabilities and equity 138,145   138,145     114,810
Investment in unconsolidated entity 12,628   12,628     $ 18,124
Total revenue 54,811 19,639 102,979 32,652    
Total operating expenses (43,941) (18,221) (97,145) (33,370)    
OPERATING INCOME (LOSS) 10,870 1,418 5,834 (718)    
Realized and unrealized gain (loss) on investments 0 (16) 0 (91)    
Other (333) 10 (426) 128    
Income tax (expense) benefit (1,605) (8,643) (2,311) (9,273)    
NET INCOME (LOSS) 8,932 (7,231) 3,097 (9,954)    
(Income) loss from consolidated entities attributable to noncontrolling interests 118 190 291 165    
Net (income) loss attributable to redeemable noncontrolling interests (90) 332 (151) 695    
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY 8,960 $ (6,709) 3,237 $ (9,094)    
OpenKey            
Schedule of Equity Method Investments [Line Items]            
Ownership percentage         8.20%  
Investment in unconsolidated entity $ 1,935   $ 1,935   $ 2,000