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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Investments in hotel properties, gross $ 1,719,275 $ 1,562,806
Accumulated depreciation (276,799) (262,905)
Investments in hotel properties, net 1,442,476 1,299,901
Cash and cash equivalents 73,802 182,578
Restricted cash 86,309 75,910
Accounts receivable, net of allowance of $108 and $101, respectively 23,314 12,739
Inventories 2,358 1,862
Prepaid expenses 7,275 4,409
Investment in unconsolidated entity 1,872 1,766
Derivative assets 815 772
Operating lease right-of-use assets 82,308 0
Other assets 10,314 13,831
Intangible assets, net 5,303 27,678
Due from related party, net 350 0
Due from third-party hotel managers 14,402 4,927
Total assets 1,761,719 1,636,487
Liabilities:    
Indebtedness, net 1,046,749 985,873
Accounts payable and accrued expenses 76,777 64,116
Dividends and distributions payable 9,174 8,514
Due to Ashford Inc. 5,114 4,001
Due to related party, net 0 224
Due to third-party hotel managers 2,415 1,633
Operating lease liabilities 60,617 0
Other liabilities 26,524 29,033
Total liabilities 1,227,370 1,093,394
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, 2019 and December 31, 2018 106,123 106,123
Redeemable noncontrolling interests in operating partnership 51,010 44,885
Preferred stock, $0.01 value, 50,000,000 shares authorized:    
Series D cumulative preferred stock, 1,600,000 shares issued and outstanding at March 31, 2019 and December 31, 2018 16 16
Common stock, $0.01 par value, 200,000,000 shares authorized, 32,841,263 and 32,511,660 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively 328 325
Additional paid-in capital 514,739 512,545
Accumulated deficit (132,575) (115,410)
Total stockholders’ equity of the Company 382,508 397,476
Noncontrolling interest in consolidated entities (5,292) (5,391)
Total equity 377,216 392,085
Total liabilities and equity 1,761,719 1,636,487
Ashford Inc.    
ASSETS    
Investment in unconsolidated entity 10,821 10,114
Total assets 420,106 379,005
Liabilities:    
Total liabilities 144,363 108,726
Redeemable noncontrolling interests in operating partnership 3,810 3,531
Preferred stock, $0.01 value, 50,000,000 shares authorized:    
Total stockholders’ equity of the Company 69,968 65,443
Noncontrolling interest in consolidated entities 627 458
Total equity 70,595 65,901
Total liabilities and equity $ 420,106 $ 379,005