XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Investments in hotel properties, gross $ 1,786,366 $ 1,791,174
Accumulated depreciation (338,186) (309,752)
Investments in hotel properties, net 1,448,180 1,481,422
Cash and cash equivalents 102,568 71,995
Restricted cash 41,464 58,388
Accounts receivable, net of allowance of $187 and $153, respectively 7,747 19,053
Inventories 2,611 2,794
Prepaid expenses 5,338 4,992
Derivative assets 756 582
Operating lease right-of-use assets 81,913 82,596
Other assets 14,971 13,018
Intangible assets, net 4,830 5,019
Due from related parties, net 887 551
Due from third-party hotel managers 8,867 16,638
Total assets 1,721,977 1,758,947
Liabilities:    
Indebtedness, net 1,123,313 1,058,486
Accounts payable and accrued expenses 69,821 94,919
Dividends and distributions payable 3,208 9,143
Due to third-party hotel managers 971 1,685
Operating lease liabilities 61,010 61,118
Other liabilities 19,410 17,508
Total liabilities 1,280,427 1,247,203
Commitments and contingencies (note 15)
5.50% Series B cumulative convertible preferred stock, $0.01 par value, 5,031,473 and 5,008,421 shares issued and outstanding at June 30, 2020 and December 31, 2019 107,352 106,920
Preferred stock, $0.01 value, 80,000,000 shares authorized:    
Series D cumulative preferred stock, 1,600,000 shares issued and outstanding at June 30, 2020 and December 31, 2019 16 16
Common stock, $0.01 par value, 250,000,000 shares authorized, 33,528,000 and 32,885,217 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively 335 329
Additional paid-in capital 525,846 519,551
Accumulated deficit (212,431) (150,629)
Total stockholders’ equity of the Company 313,766 369,267
Noncontrolling interest in consolidated entities (11,628)  
Total equity 302,138 363,254
Total liabilities and equity 1,721,977 1,758,947
Ashford Inc.    
Liabilities:    
Due to Ashford Inc. 2,694 4,344
OpenKey    
ASSETS    
Investment in unconsolidated entity $ 1,845 $ 1,899