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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Investments in hotel properties, gross $ 2,388,484 $ 2,382,716
Accumulated depreciation (512,215) (498,508)
Investments in hotel properties, net 1,876,269 1,884,208
Cash and cash equivalents 137,051 85,599
Restricted cash 82,372 80,904
Accounts receivable, net of allowance of $200 and $237, respectively 41,001 39,199
Inventories 4,681 5,003
Prepaid expenses 11,267 9,938
Deferred costs, net 75 75
Investment in unconsolidated entity 1,625 1,674
Derivative assets 3,087 2,847
Operating lease right-of-use assets 78,117 78,383
Other assets 18,701 17,751
Intangible assets, net 3,409 3,504
Total assets 2,281,432 2,226,824
Liabilities:    
Indebtedness, net 1,223,277 1,162,444
Accounts payable and accrued expenses 144,240 149,867
Dividends and distributions payable 9,253 9,158
Operating lease liabilities 60,298 60,379
Other liabilities 22,895 22,756
Derivative liabilities 0 12
Total liabilities 1,466,450 1,408,298
Commitments and contingencies (note 15)
Redeemable noncontrolling interests in operating partnership 33,005 32,395
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 March 31, 2024 and December 31, 2023 16 16
Common stock, $0.01 par value, 250,000,000 shares authorized, 66,477,431 and 66,636,353 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 664 666
Additional paid-in capital 718,606 718,498
Accumulated deficit (412,013) (412,199)
Total stockholders’ equity of the Company 307,273 306,981
Noncontrolling interest in consolidated entities (9,677) (8,934)
Total equity 297,596 298,047
Total liabilities and equity 2,281,432 2,226,824
Ashford Inc.    
Liabilities:    
Due to related parties and nonrelated parties 3,728 1,471
Related Party    
Liabilities:    
Due to related parties and nonrelated parties 766 603
Nonrelated Party    
ASSETS    
Due from related parties and nonrelated parties 23,777 17,739
Liabilities:    
Due to related parties and nonrelated parties 1,993 1,608
Series B Preferred Stock    
Liabilities:    
Series preferred stock 65,426 65,426
Series E Preferred Stock    
Liabilities:    
Series preferred stock 375,261 377,035
Series M Preferred Stock    
Liabilities:    
Series preferred stock $ 43,694 $ 45,623