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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Investments in hotel properties, gross $ 2,382,716 $ 2,325,093
Accumulated depreciation (498,508) (440,492)
Investments in hotel properties, net 1,884,208 1,884,601
Cash and cash equivalents 85,599 261,541
Restricted cash 80,904 54,155
Accounts receivable, net of allowance of $237 and $339, respectively 39,199 51,448
Inventories 5,003 5,238
Prepaid expenses 9,938 7,044
Deferred costs, net 75 0
Investment in unconsolidated entity 1,674 1,689
Derivative assets 2,847 6,482
Operating lease right-of-use assets 78,383 79,449
Other assets 17,751 14,621
Intangible assets, net 3,504 3,883
Total assets 2,226,824 2,397,714
Liabilities:    
Indebtedness, net 1,162,444 1,334,130
Accounts payable and accrued expenses 149,867 133,978
Dividends and distributions payable 9,158 8,184
Operating lease liabilities 60,379 60,692
Other liabilities 22,756 22,343
Derivative liabilities 12 284
Total liabilities 1,408,298 1,571,712
Commitments and contingencies (note 16)
Redeemable noncontrolling interests in operating partnership 32,395 40,555
Preferred stock, $0.01 par value, 80,000,000 shares authorized:    
8.25% Series D cumulative preferred stock, 1,600,000 shares issued and outstanding at December 31, 2023 and December 31, 2022 16 16
Common stock, $0.01 par value, 250,000,000 shares authorized, 66,636,353 and 69,919,065 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 666 699
Additional paid-in capital 718,498 734,134
Accumulated deficit (412,199) (324,740)
Total stockholders’ equity of the Company 306,981 410,109
Noncontrolling interest in consolidated entities (8,934) (16,346)
Total equity 298,047 393,763
Total liabilities and equity 2,226,824 2,397,714
Ashford Inc.    
Liabilities:    
Due to related parties and nonrelated parties 1,471 10,005
Related Party    
ASSETS    
Due from related parties and nonrelated parties 0 938
Liabilities:    
Due to related parties and nonrelated parties 603 0
Nonrelated Party    
ASSETS    
Due from related parties and nonrelated parties 17,739 26,625
Liabilities:    
Due to related parties and nonrelated parties 1,608 2,096
Series B Preferred Stock    
Liabilities:    
Series preferred stock 65,426 65,426
Series E Preferred Stock    
Liabilities:    
Series preferred stock 377,035 291,076
Series M Preferred Stock    
Liabilities:    
Series preferred stock $ 45,623 $ 35,182