CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
ASSETS
Investments in hotel properties, net	$ 3,364,584	$ 3,426,982
Cash and cash equivalents	225,357	92,905
Restricted cash	67,734	74,408
Accounts receivable, net of allowance of $271 and $441, respectively	33,320	21,760
Inventories	2,340	2,447
Notes receivable, net	8,408	8,263
Investment in unconsolidated entity	2,674	2,811
Deferred costs, net	6,805	1,851
Prepaid expenses	17,884	18,401
Derivative assets	195	263
Operating lease right-of-use assets	44,808	45,008
Other assets	20,394	23,303
Intangible assets	797	797
Due from Ashford Inc., net	1,506	0
Due from related parties, net	8,177	5,801
Due from third-party hotel managers	11,847	9,383
Total assets	3,816,830	3,734,383
Liabilities:
Indebtedness, net	3,941,493	3,728,911
Accounts payable and accrued expenses	95,647	99,954
Accrued interest payable	43,630	98,685
Dividends and distributions payable	236	868
Due to Ashford Inc., net	0	13,383
Due to third-party hotel managers	436	184
Intangible liabilities, net	2,237	2,257
Operating lease liabilities	45,184	45,309
Other liabilities	5,210	5,336
Total liabilities	4,134,073	3,994,887
Commitments and contingencies (note 16)
Redeemable noncontrolling interests in operating partnership	24,683	22,951
Equity (deficit):
Common stock, $0.01 par value, 400,000,000 shares authorized, 110,140,224 and 64,362,505 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively	1,101	644
Additional paid-in capital	1,845,180	1,808,875
Accumulated deficit	(2,188,401)	(2,093,292)
Total stockholders’ equity (deficit) of the Company	(342,011)	(283,621)
Noncontrolling interest in consolidated entities	85	166
Total equity (deficit)	(341,926)	(283,455)
Total liabilities and equity/deficit	3,816,830	3,734,383
Preferred Stock, Series D
Equity (deficit):
Preferred stock, $0.01 par value, 50,000,000 shares authorized:	17	18
Preferred Stock, Series F
Equity (deficit):
Preferred stock, $0.01 par value, 50,000,000 shares authorized:	20	29
Preferred Stock, Series G
Equity (deficit):
Preferred stock, $0.01 par value, 50,000,000 shares authorized:	32	44
Preferred Stock, Series H
Equity (deficit):
Preferred stock, $0.01 par value, 50,000,000 shares authorized:	20	27
Preferred Stock, Series I
Equity (deficit):
Preferred stock, $0.01 par value, 50,000,000 shares authorized:	$ 20	$ 34