10-Q Filing

BRAEMAR HOTELS & RESORTS INC. CIK: 1574085 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001574085-19-000028`
Period End Date	20190331
Filing Date	20190508
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	bhr-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 58 Cash Flow Statement 126 Stockholders Equity 43 Comprehensive Income 12

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Investments in hotel properties, gross	`PropertyPlantAndEquipmentGross`	$1.56B	USD	Point-in-time
Allowance for doubtful notes receivable	`AllowanceForDoubtfulAccountsReceivable`	$108.00K	USD	Point-in-time
Investments in hotel properties, gross	`PropertyPlantAndEquipmentGross`	$1.72B	USD	Point-in-time
Allowance for doubtful notes receivable	`AllowanceForDoubtfulAccountsReceivable`	$101.00K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$276.80M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$262.90M	USD	Point-in-time
Investments in hotel properties, net	`PropertyPlantAndEquipmentNet`	$1.44B	USD	Point-in-time
Investments in hotel properties, net	`PropertyPlantAndEquipmentNet`	$1.30B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$182.58M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$137.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$95.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$73.80M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$47.82M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$86.31M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$75.91M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$63.38M	USD	Point-in-time
Accounts receivable, net of allowance of $108 and $101, respectively	`AccountsReceivableNet`	$12.74M	USD	Point-in-time
Accounts receivable, net of allowance of $108 and $101, respectively	`AccountsReceivableNet`	$23.31M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Inventories	`InventoryNet`	$1.86M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	32.84M	shares	Point-in-time
Inventories	`InventoryNet`	$2.36M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	32.51M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	32.84M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$4.41M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrentAndNoncurrent`	$7.28M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	32.51M	shares	Point-in-time
Investment in unconsolidated entity	`EquityMethodInvestments`	$1.87M	USD	Point-in-time
Investment in unconsolidated entity	`EquityMethodInvestments`	$1.77M	USD	Point-in-time
Derivative assets	`DerivativeAssets`	$772.00K	USD	Point-in-time
Derivative assets	`DerivativeAssets`	$815.00K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$82.31M	USD	Point-in-time
Other assets	`OtherAssets`	$10.31M	USD	Point-in-time
Other assets	`OtherAssets`	$13.83M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$27.68M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$5.30M	USD	Point-in-time
Due from related party, net	`DueFromRelatedParties`	-	USD	Point-in-time
Due from related party, net	`DueFromRelatedParties`	$350.00K	USD	Point-in-time
Due from third-party hotel managers	`DueFromThirdPartyHotelManagers`	$4.93M	USD	Point-in-time
Due from third-party hotel managers	`DueFromThirdPartyHotelManagers`	$14.40M	USD	Point-in-time
Total assets	`Assets`	$1.64B	USD	Point-in-time
Total assets	`Assets`	$1.76B	USD	Point-in-time
Indebtedness, net	`LongTermDebt`	$985.87M	USD	Point-in-time
Indebtedness, net	`LongTermDebt`	$1.05B	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$64.12M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$76.78M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$8.51M	USD	Point-in-time
Dividends and distributions payable	`DividendsPayableCurrentAndNoncurrent`	$9.17M	USD	Point-in-time
Due to Ashford Inc.	`DueToAffiliateCurrentAndNoncurrent`	$4.00M	USD	Point-in-time
Due to Ashford Inc.	`DueToAffiliateCurrentAndNoncurrent`	$5.11M	USD	Point-in-time
Due to related party, net	`DueToRelatedPartiesCurrentAndNoncurrent`	-	USD	Point-in-time
Due to related party, net	`DueToRelatedPartiesCurrentAndNoncurrent`	$224.00K	USD	Point-in-time
Due to third-party hotel managers	`DueToThirdPartyHotelManagers`	$2.42M	USD	Point-in-time
Due to third-party hotel managers	`DueToThirdPartyHotelManagers`	$1.63M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$60.62M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	-	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$26.52M	USD	Point-in-time
Other liabilities	`OtherLiabilities`	$29.03M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.23B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.09B	USD	Point-in-time
Commitments and contingencies (note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
5.50% Series B cumulative convertible preferred stock, $0.01 par value, 4,965,850 shares issued and outstanding at March 31, 2019 and December 31, 2018	`TemporaryEquityCarryingAmountAttributableToParent`	$106.12M	USD	Point-in-time
5.50% Series B cumulative convertible preferred stock, $0.01 par value, 4,965,850 shares issued and outstanding at March 31, 2019 and December 31, 2018	`TemporaryEquityCarryingAmountAttributableToParent`	$106.12M	USD	Point-in-time
Redeemable noncontrolling interests in operating partnership	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$44.88M	USD	Point-in-time
Redeemable noncontrolling interests in operating partnership	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$51.01M	USD	Point-in-time
Series D cumulative preferred stock, 1,600,000 shares issued and outstanding at March 31, 2019 and December 31, 2018	`PreferredStockValueOutstanding`	$16.00K	USD	Point-in-time
Series D cumulative preferred stock, 1,600,000 shares issued and outstanding at March 31, 2019 and December 31, 2018	`PreferredStockValueOutstanding`	$16.00K	USD	Point-in-time
Common stock, $0.01 par value, 200,000,000 shares authorized, 32,841,263 and 32,511,660 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$328.00K	USD	Point-in-time
Common stock, $0.01 par value, 200,000,000 shares authorized, 32,841,263 and 32,511,660 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$325.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$514.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$512.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-132.57M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-115.41M	USD	Point-in-time
Total stockholders equity of the Company	`StockholdersEquity`	$382.51M	USD	Point-in-time
Total stockholders equity of the Company	`StockholdersEquity`	$397.48M	USD	Point-in-time
Noncontrolling interest in consolidated entities	`MinorityInterest`	$-5.29M	USD	Point-in-time
Noncontrolling interest in consolidated entities	`MinorityInterest`	$-5.39M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$392.08M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$376.55M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$377.22M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$375.98M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.64B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.76B	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$128.51M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$102.49M	USD	1 Quarter
Total hotel expenses	`CostOfGoodsAndServicesSold`	$82.50M	USD	1 Quarter
Total hotel expenses	`CostOfGoodsAndServicesSold`	$63.82M	USD	1 Quarter
Property taxes, insurance and other	`PropertyTaxesInsuranceandOther`	$5.60M	USD	1 Quarter
Property taxes, insurance and other	`PropertyTaxesInsuranceandOther`	$7.46M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$13.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$16.69M	USD	1 Quarter
Impairment charges	`ImpairmentOfRealEstate`	-	USD	1 Quarter
Impairment charges	`ImpairmentOfRealEstate`	$12.00K	USD	1 Quarter
Advisory services fee	`AdvisoryServicesFee`	$6.02M	USD	1 Quarter
Advisory services fee	`AdvisoryServicesFee`	$5.24M	USD	1 Quarter
Transaction costs	`BusinessCombinationAcquisitionRelatedCosts`	$634.00K	USD	1 Quarter
Transaction costs	`BusinessCombinationAcquisitionRelatedCosts`	$488.00K	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$28.00K	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$1.13M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$88.20M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$114.43M	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$14.29M	USD	1 Quarter
OPERATING INCOME (LOSS)	`OperatingIncomeLoss`	$14.08M	USD	1 Quarter
Equity in earnings (loss) of unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$-50.00K	USD	1 Quarter
Equity in earnings (loss) of unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$-3.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$200.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$362.00K	USD	1 Quarter
Other income (expense)	`OtherNonrecurringIncomeExpense`	$117.00K	USD	1 Quarter
Other income (expense)	`OtherNonrecurringIncomeExpense`	$63.00K	USD	1 Quarter
Interest expense and amortization of loan costs	`InterestExpenseDebt`	$14.19M	USD	1 Quarter
Interest expense and amortization of loan costs	`InterestExpenseDebt`	$10.18M	USD	1 Quarter
Write-off of loan costs and exit fees	`WriteOffOfDeferredDebtIssuanceCost`	$2.00K	USD	1 Quarter
Write-off of loan costs and exit fees	`WriteOffOfDeferredDebtIssuanceCost`	$312.00K	USD	1 Quarter
Unrealized gain (loss) on investment in Ashford Inc.	`UnrealizedGainLossonInvestmentinAffiliatedEntity`	$707.00K	USD	1 Quarter
Unrealized gain (loss) on investment in Ashford Inc.	`UnrealizedGainLossonInvestmentinAffiliatedEntity`	$528.00K	USD	1 Quarter
Unrealized gain (loss) on derivatives	`UnrealizedGainLossOnDerivatives`	$73.00K	USD	1 Quarter
Unrealized gain (loss) on derivatives	`UnrealizedGainLossOnDerivatives`	$-872.00K	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.84M	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-395.00K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$572.00K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$927.00K	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-1.32M	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$4.27M	USD	1 Quarter
(Income) loss attributable to noncontrolling interests in consolidated entities	`NetIncomeLossAttributableToNonredeemableNoncontrollingInterest`	$-42.00K	USD	1 Quarter
(Income) loss attributable to noncontrolling interests in consolidated entities	`NetIncomeLossAttributableToNonredeemableNoncontrollingInterest`	$99.00K	USD	1 Quarter
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership	`NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable`	$292.00K	USD	1 Quarter
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership	`NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable`	$-440.00K	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY	`NetIncomeLoss`	$4.02M	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY	`NetIncomeLoss`	$-981.00K	USD	1 Quarter
Preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$2.53M	USD	1 Quarter
Preferred dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.71M	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.51M	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.31M	USD	1 Quarter
Net income (loss) attributable to common stockholders (in dollars per share)	`EarningsPerShareBasic`	$-0.11	USD	1 Quarter
Net income (loss) attributable to common stockholders (in dollars per share)	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Weighted average common shares outstanding basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	32.12M	shares	1 Quarter
Weighted average common shares outstanding basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	31.68M	shares	1 Quarter
Net income (loss) attributable to common stockholders (in dollars per share)	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Net income (loss) attributable to common stockholders (in dollars per share)	`EarningsPerShareDiluted`	$-0.11	USD	1 Quarter
Weighted average common shares outstanding diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.12M	shares	1 Quarter
Weighted average common shares outstanding diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	31.68M	shares	1 Quarter

Cash Flow Statement 126 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-1.32M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$182.58M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$137.52M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$95.22M	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$4.27M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$73.80M	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCashAndCashEquivalents`	$47.82M	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCashAndCashEquivalents`	$86.31M	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCashAndCashEquivalents`	$75.91M	USD	Point-in-time
Restricted cash at beginning of period	`RestrictedCashAndCashEquivalents`	$63.38M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$160.11M	USD	Point-in-time
Depreciation and amortization	`DepreciationAndAmortization`	$13.01M	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$185.34M	USD	Point-in-time
Depreciation and amortization	`DepreciationAndAmortization`	$16.69M	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$258.49M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$158.61M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$160.11M	USD	Point-in-time
Equity-based compensation	`ShareBasedCompensation`	$2.59M	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$185.34M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$258.49M	USD	Point-in-time
Equity-based compensation	`ShareBasedCompensation`	$1.53M	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$158.61M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$182.58M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$137.52M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$95.22M	USD	Point-in-time
Bad debt expense	`ProvisionForDoubtfulAccounts`	$57.00K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$87.00K	USD	1 Quarter
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$73.80M	USD	Point-in-time
Restricted cash at end of period	`RestrictedCashAndCashEquivalents`	$47.82M	USD	Point-in-time
Amortization of loan costs	`AmortizationOfFinancingCosts`	$988.00K	USD	1 Quarter
Restricted cash at end of period	`RestrictedCashAndCashEquivalents`	$86.31M	USD	Point-in-time
Amortization of loan costs	`AmortizationOfFinancingCosts`	$1.18M	USD	1 Quarter
Restricted cash at end of period	`RestrictedCashAndCashEquivalents`	$75.91M	USD	Point-in-time
Restricted cash at end of period	`RestrictedCashAndCashEquivalents`	$63.38M	USD	Point-in-time
Write-off of loan costs and exit fees	`WriteOffOfDeferredDebtIssuanceCost`	$2.00K	USD	1 Quarter
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$160.11M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$158.61M	USD	Point-in-time
Write-off of loan costs and exit fees	`WriteOffOfDeferredDebtIssuanceCost`	$312.00K	USD	1 Quarter
Amortization of intangibles	`AmortizationofIntangibles`	$119.00K	USD	1 Quarter
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$160.11M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations`	$158.61M	USD	Point-in-time
Amortization of intangibles	`AmortizationofIntangibles`	$43.00K	USD	1 Quarter
Amortization of non-refundable membership initiation fees	`AmortizationofNonRefundableMembershipInitiationFees`	-	USD	1 Quarter
Amortization of non-refundable membership initiation fees	`AmortizationofNonRefundableMembershipInitiationFees`	$27.00K	USD	1 Quarter
Interest expense accretion on refundable membership club deposits	`InterestExpenseAccretiononRefundableMembershipClubDeposits`	$225.00K	USD	1 Quarter
Interest expense accretion on refundable membership club deposits	`InterestExpenseAccretiononRefundableMembershipClubDeposits`	-	USD	1 Quarter
Impairment charges	`ImpairmentOfRealEstate`	-	USD	1 Quarter
Impairment charges	`ImpairmentOfRealEstate`	$12.00K	USD	1 Quarter
Unrealized (gain) loss on investment in Ashford Inc.	`UnrealizedGainLossonInvestmentinAffiliatedEntity`	$707.00K	USD	1 Quarter
Unrealized (gain) loss on investment in Ashford Inc.	`UnrealizedGainLossonInvestmentinAffiliatedEntity`	$528.00K	USD	1 Quarter
Realized and unrealized (gain) loss on derivatives	`RealizedandUnrealizedGainLossonDerivatives`	$73.00K	USD	1 Quarter
Realized and unrealized (gain) loss on derivatives	`RealizedandUnrealizedGainLossonDerivatives`	$-937.00K	USD	1 Quarter
Net settlement of trading derivatives	`GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet`	$270.00K	USD	1 Quarter
Net settlement of trading derivatives	`GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet`	$925.00K	USD	1 Quarter
Equity in (earnings) loss of unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$-50.00K	USD	1 Quarter
Equity in (earnings) loss of unconsolidated entity	`IncomeLossFromEquityMethodInvestments`	$-3.00K	USD	1 Quarter
Deferred income tax expense (benefit)	`DeferredTaxExpenseBenefit`	$179.00K	USD	1 Quarter
Deferred income tax expense (benefit)	`DeferredTaxExpenseBenefit`	$136.00K	USD	1 Quarter
Accounts receivable and inventories	`IncreaseDecreaseinAccountsReceivableAndInventories`	$9.35M	USD	1 Quarter
Accounts receivable and inventories	`IncreaseDecreaseinAccountsReceivableAndInventories`	$5.42M	USD	1 Quarter
Insurance receivable	`IncreaseDecreaseInInsuranceSettlementsReceivable`	-	USD	1 Quarter
Insurance receivable	`IncreaseDecreaseInInsuranceSettlementsReceivable`	$5.39M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.75M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.54M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-49.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$781.00K	USD	1 Quarter
Operating lease right-of-use assets	`IncreaseDecreaseinOperatingLeaseRightofUseAsset`	$115.00K	USD	1 Quarter
Operating lease right-of-use assets	`IncreaseDecreaseinOperatingLeaseRightofUseAsset`	-	USD	1 Quarter
Due to/from related party, net	`IncreaseDecreaseInDueToRelatedParties`	$-498.00K	USD	1 Quarter
Due to/from related party, net	`IncreaseDecreaseInDueToRelatedParties`	$-493.00K	USD	1 Quarter
Due to/from third-party hotel managers	`IncreaseDecreaseInDueToFromThirdPartyHotelManagers`	$-2.52M	USD	1 Quarter
Due to/from third-party hotel managers	`IncreaseDecreaseInDueToFromThirdPartyHotelManagers`	$-637.00K	USD	1 Quarter
Due to/from Ashford Inc.	`IncreaseDecreaseInDueToAffiliates`	$1.11M	USD	1 Quarter
Due to/from Ashford Inc.	`IncreaseDecreaseInDueToAffiliates`	$-1.44M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseinOperatingLeaseLiability`	-	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseinOperatingLeaseLiability`	$30.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-6.19M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$53.00K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.95M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-616.00K	USD	1 Quarter
Acquisition of hotel properties, net of cash and restricted cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$4.50M	USD	1 Quarter
Acquisition of hotel properties, net of cash and restricted cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$112.09M	USD	1 Quarter
Investment in unconsolidated entity	`PaymentsToAcquireEquityMethodInvestments`	$2.00M	USD	1 Quarter
Investment in unconsolidated entity	`PaymentsToAcquireEquityMethodInvestments`	$156.00K	USD	1 Quarter
Improvements and additions to hotel properties	`PaymentsForCapitalImprovements`	$36.64M	USD	1 Quarter
Improvements and additions to hotel properties	`PaymentsForCapitalImprovements`	$15.74M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.24M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-148.90M	USD	1 Quarter
Borrowings on indebtedness	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Borrowings on indebtedness	`ProceedsFromIssuanceOfLongTermDebt`	$249.00M	USD	1 Quarter
Repayments of indebtedness	`RepaymentsOfDebt`	$714.00K	USD	1 Quarter
Repayments of indebtedness	`RepaymentsOfDebt`	$187.09M	USD	1 Quarter
Payments of loan costs and exit fees	`PaymentsOfDebtIssuanceCosts`	$2.44M	USD	1 Quarter
Payments of loan costs and exit fees	`PaymentsOfDebtIssuanceCosts`	$92.00K	USD	1 Quarter
Payments for derivatives	`PaymentsForDerivativeInstrumentFinancingActivities`	$67.00K	USD	1 Quarter
Payments for derivatives	`PaymentsForDerivativeInstrumentFinancingActivities`	$55.00K	USD	1 Quarter
Purchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$74.00K	USD	1 Quarter
Purchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$202.00K	USD	1 Quarter
Payments for dividends and distributions	`PaymentsOfDividends`	$7.52M	USD	1 Quarter
Payments for dividends and distributions	`PaymentsOfDividends`	$7.98M	USD	1 Quarter
Preferred stock offering costs	`ProceedsFromRepurchaseOfEquity`	-	USD	1 Quarter
Preferred stock offering costs	`ProceedsFromRepurchaseOfEquity`	$-110.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$18.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$7.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.45M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$51.13M	USD	1 Quarter
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-26.73M	USD	1 Quarter
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-98.38M	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$160.11M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$185.34M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$258.49M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$158.61M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$160.11M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$185.34M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$258.49M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$158.61M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$9.03M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$12.36M	USD	1 Quarter
Income taxes paid (refund)	`IncomeTaxesPaidNet`	$-743.00K	USD	1 Quarter
Income taxes paid (refund)	`IncomeTaxesPaidNet`	$-1.22M	USD	1 Quarter
Dividends and distributions declared but not paid	`DividendsandDistributionsDeclaredbutnotPaid`	$8.37M	USD	1 Quarter
Dividends and distributions declared but not paid	`DividendsandDistributionsDeclaredbutnotPaid`	$9.17M	USD	1 Quarter
Capital expenditures accrued but not paid	`CapitalExpendituresIncurredButNotYetPaid`	$4.14M	USD	1 Quarter
Capital expenditures accrued but not paid	`CapitalExpendituresIncurredButNotYetPaid`	$14.89M	USD	1 Quarter
Non-cash dividends paid	`NoncashInvestingandFinancingActivitiesDividendsPaid`	-	USD	1 Quarter
Non-cash dividends paid	`NoncashInvestingandFinancingActivitiesDividendsPaid`	$58.00K	USD	1 Quarter

Stockholders Equity 43 line items

Line Item	Tag	Value	Unit	Period
Common stock, $0.01 par value, 200,000,000 shares authorized, 32,841,263 and 32,511,660 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$328.00K	USD	Point-in-time
Common stock, $0.01 par value, 200,000,000 shares authorized, 32,841,263 and 32,511,660 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$325.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$514.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$512.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-132.57M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-115.41M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$392.08M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$376.55M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$377.22M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$375.98M	USD	Point-in-time
Beginning balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$44.88M	USD	Point-in-time
Beginning balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$51.01M	USD	Point-in-time
Impact of adoption of new accounting standard	`NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification`	$-103.00K	USD	1 Quarter
Purchase of common stock	`StockRepurchasedDuringPeriodValue`	$74.00K	USD	1 Quarter
Purchase of common stock	`StockRepurchasedDuringPeriodValue`	$202.00K	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$978.00K	USD	1 Quarter
Equity-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.45M	USD	1 Quarter
Preferred stock offering costs	`StockIssuedDuringPeriodValueNewIssues`	$-13.00K	USD	1 Quarter
Issuance of restricted shares/units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	1 Quarter
Issuance of restricted shares/units	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$58.00K	USD	1 Quarter
Forfeiture of restricted common shares	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	1 Quarter
Forfeiture of restricted common shares	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	1 Quarter
Dividends declared common stock	`DividendsCommonStockCash`	$5.33M	USD	1 Quarter
Dividends declared common stock	`DividendsCommonStockCash`	$5.28M	USD	1 Quarter
Dividends declared preferred stock	`DividendsPreferredStockCash`	$825.00K	USD	1 Quarter
Dividends declared preferred stock	`DividendsPreferredStockCash`	-	USD	1 Quarter
Distributions to noncontrolling interests	`TemporaryEquityDecreaseFromDistributionsToNoncontrollingInterestHolders`	-	USD	1 Quarter
Distributions to noncontrolling interests	`TemporaryEquityDecreaseFromDistributionsToNoncontrollingInterestHolders`	-	USD	1 Quarter
Redemption/conversion of operating partnership units	`StockIssuedDuringPeriodValueConversionOfUnits`	$1.15M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$4.02M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-981.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLossExcludingRedeemableNoncontrollingInterestinOperatingPartnership`	$3.98M	USD	1 Quarter
Net income (loss)	`NetIncomeLossExcludingRedeemableNoncontrollingInterestinOperatingPartnership`	$-882.00K	USD	1 Quarter
Redemption value adjustment	`MinorityInterestChangeInRedemptionValue`	$-7.93M	USD	1 Quarter
5.50% Series B cumulative convertible preferred stock, $0.01 par value, 4,965,850 shares issued and outstanding at March 31, 2019 and December 31, 2018	`TemporaryEquityCarryingAmountAttributableToParent`	$106.12M	USD	Point-in-time
5.50% Series B cumulative convertible preferred stock, $0.01 par value, 4,965,850 shares issued and outstanding at March 31, 2019 and December 31, 2018	`TemporaryEquityCarryingAmountAttributableToParent`	$106.12M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$392.08M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$376.55M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$377.22M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$375.98M	USD	Point-in-time
Ending balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$44.88M	USD	Point-in-time
Ending balance	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$51.01M	USD	Point-in-time
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.52	USD	1 Quarter

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
NET INCOME (LOSS)	`ProfitLoss`	$-1.32M	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$4.27M	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
Total other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$4.27M	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.32M	USD	1 Quarter
Comprehensive (income) loss attributable to noncontrolling interests in consolidated entities	`ComprehensiveIncomeLossNetofTaxPortionAttributabletoNonredeemableNoncontrollingInterest`	$99.00K	USD	1 Quarter
Comprehensive (income) loss attributable to noncontrolling interests in consolidated entities	`ComprehensiveIncomeLossNetofTaxPortionAttributabletoNonredeemableNoncontrollingInterest`	$-42.00K	USD	1 Quarter
Comprehensive (income) loss attributable to redeemable noncontrolling interests in operating partnership	`ComprehensiveIncomeLossNetofTaxPortionAttributabletoRedeemableNoncontrollingInterest`	$292.00K	USD	1 Quarter
Comprehensive (income) loss attributable to redeemable noncontrolling interests in operating partnership	`ComprehensiveIncomeLossNetofTaxPortionAttributabletoRedeemableNoncontrollingInterest`	$-440.00K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY	`ComprehensiveIncomeNetOfTax`	$4.02M	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY	`ComprehensiveIncomeNetOfTax`	$-981.00K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.