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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Investments in hotel properties, gross $ 2,257,665 $ 2,252,574
Accumulated depreciation (487,720) (473,888)
Investments in hotel properties, net 1,769,945 1,778,686
Cash and cash equivalents 81,689 135,465
Restricted cash 54,546 49,592
Investment in securities (amortized cost of $42,279 and $42,279, respectively) 42,394 41,535
Accounts receivable, net of allowance of $299 and $459, respectively 39,899 31,754
Inventories 4,662 4,664
Note receivable 8,434 8,283
Prepaid expenses 10,034 5,116
Deferred costs, net 75 75
Investment in unconsolidated entity 145 145
Derivative assets 478 356
Operating lease right-of-use assets 34,688 34,852
Other assets 22,548 19,538
Intangible assets, net 3,030 3,125
Total assets 2,098,029 2,136,059
Liabilities:    
Indebtedness, net 1,202,668 1,210,018
Accounts payable and accrued expenses 136,090 143,566
Dividends and distributions payable 8,692 9,255
Operating lease liabilities 19,992 19,984
Other liabilities 27,290 24,268
Total liabilities 1,402,332 1,413,889
Commitments and contingencies (note 15)
Redeemable noncontrolling interests in operating partnership 26,430 29,964
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, 2025 and December 31, 2024 16 16
Common stock, $0.01 par value, 250,000,000 shares authorized, 67,046,523 and 66,607,823 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 669 665
Additional paid-in capital 720,703 718,536
Accumulated other comprehensive income (loss) 95 (684)
Accumulated deficit (482,575) (477,804)
Total stockholders’ equity of the Company 238,908 240,729
Noncontrolling interest in consolidated entities (3,431) (3,367)
Total equity 235,477 237,362
Total liabilities and equity 2,098,029 2,136,059
Ashford Inc.    
Liabilities:    
Due to related parties and nonrelated parties 3,511 4,267
Related Party    
Liabilities:    
Due to related parties and nonrelated parties 1,700 1,055
Nonrelated Party    
ASSETS    
Due from third-party hotel managers 25,462 22,873
Liabilities:    
Due to related parties and nonrelated parties 2,389 1,476
Series B Preferred Stock    
Liabilities:    
Series preferred stock 65,426 65,426
Series E Preferred Stock    
Liabilities:    
Series preferred stock 331,875 352,502
Series M Preferred Stock    
Liabilities:    
Series preferred stock $ 36,489 $ 36,916