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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
ASSETS    
Investments in hotel properties, gross $ 1,536,078 $ 1,403,110
Accumulated depreciation (252,686) (257,268)
Investments in hotel properties, net 1,283,392 1,145,842
Cash and cash equivalents 163,825 137,522
Restricted cash 74,973 47,820
Accounts receivable, net of allowance of $129 and $94, respectively 23,715 14,334
Insurance receivable 0 8,825
Inventories 1,836 1,425
Note receivable 0 8,098
Deferred costs, net 387 656
Prepaid expenses 5,966 3,670
Investment in unconsolidated entity 1,854 0
Derivative assets 827 594
Other assets 8,486 9,426
Intangible assets, net 27,836 22,545
Due from related party, net 0 349
Due from third-party hotel managers 1,960 4,589
Total assets 1,609,843 1,423,819
Liabilities:    
Indebtedness, net 985,716 820,959
Accounts payable and accrued expenses 67,441 56,803
Dividends and distributions payable 8,840 8,146
Due to Ashford Inc. 3,182 1,703
Due to related party, net 8 0
Due to third-party hotel managers 2,608 1,709
Intangible liability, net 0 3,569
Other liabilities 16,734 1,628
Total liabilities 1,084,529 894,517
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 September 30, 2018 and December 31, 2017 106,123 106,123
Redeemable noncontrolling interests in operating partnership 49,726 46,627
Equity:    
Common stock, $0.01 par value, 200,000,000 shares authorized, 32,523,680 and 32,120,210 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively 325 321
Additional paid-in capital 474,043 469,791
Accumulated deficit (99,238) (88,807)
Total stockholders’ equity of the Company 375,130 381,305
Noncontrolling interest in consolidated entities (5,665) (4,753)
Total equity 369,465 376,552
Total liabilities and equity 1,609,843 1,423,819
Ashford Inc.    
ASSETS    
Investment in unconsolidated entity 14,786 18,124
Total assets 389,818 114,810
Liabilities:    
Total liabilities 121,763 78,742
Redeemable noncontrolling interests in operating partnership 3,778 5,111
Equity:    
Total stockholders’ equity of the Company 63,050 30,185
Noncontrolling interest in consolidated entities 649 772
Total equity 63,699 30,957
Total liabilities and equity $ 389,818 $ 114,810