XML 42 R32.htm IDEA: XBRL DOCUMENT v3.23.1
Summary of Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2023
Investments, All Other Investments [Abstract]  
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments
The carrying amounts and estimated fair values of financial instruments were as follows (in thousands):
March 31, 2023December 31, 2022
Carrying
Value
Estimated
Fair Value
Carrying
Value
Estimated
Fair Value
Financial assets measured at fair value:
Derivative assets$4,933 $4,933 $6,482 $6,482 
Financial liabilities measured at fair value:
Derivative liabilities$181 $181 $284 $284 
Financial assets not measured at fair value:
Cash and cash equivalents$281,490 $281,490 $261,541 $261,541 
Restricted cash63,063 63,063 54,155 54,155 
Accounts receivable, net44,998 44,998 51,448 51,448 
Due from related parties, net586 586 938 938 
Due from third-party hotel managers19,133 19,133 26,625 26,625 
Financial liabilities not measured at fair value:
Indebtedness$1,280,443 
$1,160,589 to $1,282,757
$1,337,250 
$1,229,671 to $1,359,110
Accounts payable and accrued expenses129,567 129,567 133,978 133,978 
Dividends and distributions payable8,756 8,756 8,184 8,184 
Due to Ashford Inc.3,759 3,759 10,005 10,005 
Due to third-party hotel managers1,463 1,463 2,096 2,096