CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
ASSETS
Investments in hotel properties, net	$ 3,303,131	$ 3,426,982
Cash and cash equivalents	520,387	92,905
Restricted cash	70,090	74,408
Accounts receivable, net of allowance of $465 and $441, respectively	37,242	21,760
Inventories	2,631	2,447
Notes receivable, net	8,555	8,263
Investment in unconsolidated entity	2,533	2,811
Deferred costs, net	6,223	1,851
Prepaid expenses	15,752	18,401
Derivative assets	128	263
Operating lease right-of-use assets	44,640	45,008
Other assets	22,587	23,303
Intangible assets	797	797
Due from related parties, net	7,407	5,801
Due from third-party hotel managers	15,917	9,383
Total assets	4,058,020	3,734,383
Liabilities:
Indebtedness, net	3,923,006	3,728,911
Accounts payable and accrued expenses	110,761	99,954
Accrued interest payable	19,328	98,685
Dividends and distributions payable	236	868
Due to Ashford Inc., net	4,844	13,383
Due to related parties, net	800	0
Due to third-party hotel managers	889	184
Intangible liabilities, net	2,217	2,257
Operating lease liabilities	45,065	45,309
Other liabilities	5,085	5,336
Total liabilities	4,112,231	3,994,887
Commitments and contingencies (note 16)
Redeemable noncontrolling interests in operating partnership	28,906	22,951
Equity (deficit):
Common stock, $0.01 par value, 400,000,000 shares authorized, 22,320,857 and 6,436,250 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively	223	64
Additional paid-in capital	2,181,467	1,809,455
Accumulated deficit	(2,264,954)	(2,093,292)
Total stockholders’ equity (deficit) of the Company	(83,189)	(283,621)
Noncontrolling interest in consolidated entities	72	166
Total equity (deficit)	(83,117)	(283,455)
Total liabilities and equity/deficit	4,058,020	3,734,383
Preferred Stock, Series D
Equity (deficit):
Preferred stock, $0.01 par value, 50,000,000 shares authorized:	13	18
Preferred Stock, Series F
Equity (deficit):
Preferred stock, $0.01 par value, 50,000,000 shares authorized:	15	29
Preferred Stock, Series G
Equity (deficit):
Preferred stock, $0.01 par value, 50,000,000 shares authorized:	19	44
Preferred Stock, Series H
Equity (deficit):
Preferred stock, $0.01 par value, 50,000,000 shares authorized:	14	27
Preferred Stock, Series I
Equity (deficit):
Preferred stock, $0.01 par value, 50,000,000 shares authorized:	$ 14	$ 34