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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Investments in hotel properties, gross $ 2,252,574 $ 2,382,716
Accumulated depreciation (473,888) (498,508)
Investments in hotel properties, net 1,778,686 1,884,208
Cash and cash equivalents 135,465 85,599
Restricted cash 49,592 80,904
Investment in securities (amortized cost of $42,279) 41,535 0
Accounts receivable, net of allowance of $459 and $237, respectively 31,754 39,199
Inventories 4,664 5,003
Note receivable 8,283 0
Prepaid expenses 5,116 9,938
Deferred costs, net 75 75
Investment in unconsolidated entity 145 1,674
Derivative assets 356 2,847
Operating lease right-of-use assets 34,852 78,383
Other assets 19,538 17,751
Intangible assets, net 3,125 3,504
Total assets 2,136,059 2,226,824
Liabilities:    
Indebtedness, net 1,210,018 1,162,444
Accounts payable and accrued expenses 143,566 149,867
Dividends and distributions payable 9,255 9,158
Operating lease liabilities 19,984 60,379
Other liabilities 24,268 22,756
Derivative liabilities 0 12
Total liabilities 1,413,889 1,408,298
Commitments and contingencies (note 18)
Redeemable noncontrolling interests in operating partnership 29,964 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 December 31, 2024 and December 31, 2023 16 16
Common stock, $0.01 par value, 250,000,000 shares authorized, 66,607,823 and 66,636,353 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively 665 666
Additional paid-in capital 718,536 718,498
Accumulated other comprehensive income (loss) (684) 0
Accumulated deficit (477,804) (412,199)
Total stockholders’ equity of the Company 240,729 306,981
Noncontrolling interest in consolidated entities (3,367) (8,934)
Total equity 237,362 298,047
Total liabilities and equity 2,136,059 2,226,824
Ashford Inc.    
Liabilities:    
Due to related parties and nonrelated parties 4,267 1,471
Related Party    
Liabilities:    
Due to related parties and nonrelated parties 1,055 603
Nonrelated Party    
ASSETS    
Due from third-party hotel managers 22,873 17,739
Liabilities:    
Due to related parties and nonrelated parties 1,476 1,608
Series B Preferred Stock    
Liabilities:    
Series preferred stock 65,426 65,426
Series E Preferred Stock    
Liabilities:    
Series preferred stock 352,502 377,035
Series M Preferred Stock    
Liabilities:    
Series preferred stock $ 36,916 $ 45,623