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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Investments in hotel properties, gross $ 2,270,981 $ 2,382,716
Accumulated depreciation (480,940) (498,508)
Investments in hotel properties, net 1,790,041 1,884,208
Cash and cash equivalents 168,675 85,599
Restricted cash 48,461 80,904
Investment in securities 41,493 0
Accounts receivable, net of allowance of $443 and $237, respectively 32,479 39,199
Inventories 4,575 5,003
Note receivable 5,855 0
Prepaid expenses 5,825 9,938
Deferred costs, net 75 75
Investment in unconsolidated entity 1,539 1,674
Derivative assets 480 2,847
Operating lease right-of-use assets 34,185 78,383
Other assets 20,909 17,751
Intangible assets, net 3,220 3,504
Total assets 2,177,667 2,226,824
Liabilities:    
Indebtedness, net 1,208,013 1,162,444
Accounts payable and accrued expenses 144,868 149,867
Dividends and distributions payable 9,271 9,158
Operating lease liabilities 19,149 60,379
Other liabilities 23,572 22,756
Derivative liabilities 0 12
Total liabilities 1,411,887 1,408,298
Commitments and contingencies (note $17)
Redeemable noncontrolling interests in operating partnership 31,336 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 September 30, 2024 and December 31, 2023 16 16
Common stock, $0.01 par value, 250,000,000 shares authorized, 66,522,206 and 66,636,353 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 665 666
Additional paid-in capital 719,110 718,498
Accumulated other comprehensive income (loss) (723) 0
Accumulated deficit (442,157) (412,199)
Total stockholders’ equity of the Company 276,911 306,981
Noncontrolling interest in consolidated entities (2,978) (8,934)
Total equity 273,933 298,047
Total liabilities and equity 2,177,667 2,226,824
Ashford Inc.    
Liabilities:    
Due to related parties and nonrelated parties 5,489 1,471
Related Party    
Liabilities:    
Due to related parties and nonrelated parties 16 603
Nonrelated Party    
ASSETS    
Due from third-party hotel managers 19,855 17,739
Liabilities:    
Due to related parties and nonrelated parties 1,509 1,608
Series B Preferred Stock    
Liabilities:    
Series preferred stock 65,426 65,426
Series E Preferred Stock    
Liabilities:    
Series preferred stock 355,178 377,035
Series M Preferred Stock    
Liabilities:    
Series preferred stock $ 39,907 $ 45,623