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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
ASSETS    
Investments in hotel properties, gross $ 1,562,806 $ 1,403,110
Accumulated depreciation 262,905 257,268
Investments in hotel properties, net 1,299,901 1,145,842
Cash and cash equivalents 182,578 137,522
Restricted cash 75,910 47,820
Accounts receivable, net of allowance of $101 and $94, respectively 12,739 14,334
Insurance receivable 0 8,800
Inventories 1,862 1,425
Note receivable 0 8,098
Prepaid expenses 4,409 3,670
Investment in Ashford Inc., at fair value 1,766 0
Derivative assets 772 594
Other assets 13,831 10,082
Intangible assets, net 27,678 22,545
Due from related party, net 0 349
Due from third-party hotel managers 4,927 4,589
Total assets 1,636,487 1,423,819
Liabilities:    
Indebtedness, net 985,873 820,959
Accounts payable and accrued expenses 64,116 56,803
Dividends and distributions payable 8,514 8,146
Due to Ashford Inc. 4,001 1,703
Due to related party, net 224 0
Due to third-party hotel managers 1,633 1,709
Intangible liability, net 0 3,569
Other liabilities 29,033 1,628
Total liabilities 1,093,394 894,517
Commitments and contingencies (note 13)
5.50% Series B cumulative convertible preferred stock, $0.01 par value, 4,965,850 shares issued and outstanding at December 31, 2018 and 2017 106,123 106,123
Redeemable noncontrolling interests in operating partnership 44,885 46,627
Preferred stock, $0.01 value, 50,000,000 shares authorized:    
Series D cumulative preferred stock, 1,600,000 and 0 shares issued and outstanding as of December 31, 2018 and 2017, respectively 16 0
Common stock, $0.01 par value, 200,000,000 shares authorized, 32,511,660 and 32,120,210 shares issued and outstanding at December 31, 2018 and 2017, respectively 325 321
Additional paid-in capital 512,545 469,791
Accumulated deficit (115,410) (88,807)
Total stockholders’ equity of the Company 397,476 381,305
Noncontrolling interest in consolidated entities (5,391) (4,753)
Total equity 392,085 376,552
Total liabilities and equity 1,636,487 1,423,819
Ashford Inc. [Member]    
ASSETS    
Investment in Ashford Inc., at fair value 10,114 18,124
Total assets 379,005 114,810
Liabilities:    
Total liabilities 108,726 78,742
Redeemable noncontrolling interests in operating partnership 3,531 5,111
Preferred stock, $0.01 value, 50,000,000 shares authorized:    
Total stockholders’ equity of the Company 65,443 30,185
Noncontrolling interest in consolidated entities 458 772
Total equity 65,901 30,957
Total liabilities and equity $ 379,005 $ 114,810