ASHFORD HOSPITALITY TRUST INC
For the period ended Dec 31, 2024. Filed Mar 21, 2025.
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FY2024 · Filed Mar 21, 2025
AHT$2.22-6.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets — December 31, 2024 and 2023
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Investments in hotel properties, gross ($159,378 and $147,664 attributable to VIEs) | $3,350,086 | $4,245,264 |
| Accumulated depreciation ($(30,365) and $(24,726) attributable to VIEs) | (1,030,879) | (1,293,332) |
| Investments in hotel properties, net ($129,012 and $122,938 attributable to VIEs) | 2,319,207 | 2,951,932 |
| Contract asset | 366,671 | — |
| Cash and cash equivalents ($7,286 and $2,363 attributable to VIEs) | 112,907 | 165,231 |
| Restricted cash ($3,430 and $17,346 attributable to VIEs) | 99,695 | 146,079 |
| Accounts receivable ($614 and $271 attributable to VIEs), net of allowance of $435 and $1,214, respectively | 35,579 | 45,521 |
| Inventories ($57 and $5 attributable to VIEs) | 3,631 | 3,679 |
| Notes receivable, net | 10,565 | 7,369 |
| Investments in unconsolidated entities | 7,590 | 9,960 |
| Deferred costs, net ($181 and $218 attributable to VIEs) | 1,788 | 1,808 |
| Prepaid expenses ($430 and $651 attributable to VIEs) | 11,667 | 12,806 |
| Derivative assets | 2,594 | 13,696 |
| Operating lease right-of-use assets | 43,780 | 44,047 |
| Other assets ($2,660 and $1,433 attributable to VIEs) | 26,680 | 25,309 |
| Intangible assets | 797 | 797 |
| Due from third-party hotel managers | 21,206 | 21,664 |
| Assets held for sale | 96,628 | 12,383 |
| Total assets | $3,160,985 | $3,462,281 |
| LIABILITIES AND EQUITY/DEFICIT | ||
| Liabilities: | ||
| Indebtedness, net ($65,548 and $70,073 attributable to VIEs) | $2,629,289 | $3,040,951 |
| Debt associated with hotels in receivership | 314,640 | 355,120 |
| Finance lease liability | 17,992 | 18,469 |
| Other finance liability ($27,058 and $26,858 attributable to VIEs) | 27,058 | 26,858 |
| Accounts payable and accrued expenses ($19,963 and $14,405 attributable to VIEs) | 137,506 | 129,323 |
| Accrued interest payable ($230 and $241 attributable to VIEs) | 10,212 | 12,985 |
| Accrued interest associated with hotels in receivership | 52,031 | 14,024 |
| Dividends and distributions payable ($1 and $147 attributable to VIEs) | 3,952 | 3,566 |
| Due to Ashford Inc., net ($5,997 and $1,396 attributable to VIEs) | 25,635 | 13,261 |
| Due to related parties, net ($113 and $123 attributable to VIEs) | 2,850 | 5,874 |
| Due to third-party hotel managers ($22 and $110 attributable to VIEs) | 1,145 | 1,193 |
| Intangible liabilities, net | 1,981 | 2,017 |
| Operating lease liabilities | 44,369 | 44,765 |
| Other liabilities ($1,726 and $0 attributable to VIEs) | 4,972 | 3,499 |
| Liabilities related to assets held for sale | 99,139 | 14,653 |
| Total liabilities | 3,372,771 | 3,686,558 |
| Commitments and contingencies (note 18) | ||
| Redeemable noncontrolling interests in operating partnership | 22,509 | 22,007 |
| Series J Redeemable Preferred Stock, $0.01 par value, 6,799,638 and 3,475,318 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 156,671 | 79,975 |
| Series K Redeemable Preferred Stock, $0.01 par value, 601,175 and 194,193 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 14,869 | 4,783 |
| Equity (deficit): | ||
| Preferred stock, $0.01 par value, 50,000,000 shares authorized: | ||
| Series D Cumulative Preferred Stock, 1,111,127 and 1,159,927 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 11 | 12 |
| Series F Cumulative Preferred Stock, 1,037,044 and 1,175,344 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 10 | 11 |
| Series G Cumulative Preferred Stock, 1,470,948 and 1,531,996 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 15 | 15 |
| Series H Cumulative Preferred Stock, 1,037,956 and 1,170,325 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 10 | 12 |
| Series I Cumulative Preferred Stock, 1,034,303 and 1,160,923 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 11 | 12 |
| Common stock, $0.01 par value, 400,000,000 shares authorized, 5,636,595 and 3,742,205 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 56 | 37 |
| Additional paid-in capital | 2,392,518 | 2,383,312 |
| Accumulated deficit | (2,811,868) | (2,729,312) |
| Total stockholders’ equity (deficit) of the Company | (419,237) | (345,901) |
| Noncontrolling interest in consolidated entities | 13,402 | 14,859 |
| Total equity (deficit) | (405,835) | (331,042) |
| Total liabilities and equity/deficit | $3,160,985 | $3,462,281 |
(in thousands, except per share amounts)
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