2023 Q4 Form 10-Q Financial Statement

#000123258223000106 Filed on November 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $319.9M $343.0M
YoY Change 0.76% 4.53%
Cost Of Revenue $244.4M $250.0M
YoY Change 2.74% 6.93%
Gross Profit $75.52M $93.00M
YoY Change -5.14% -1.44%
Gross Profit Margin 23.61% 27.11%
Selling, General & Admin $12.77M $13.40M
YoY Change 3.15% 45.67%
% of Gross Profit 16.91% 14.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $46.81M $46.00M
YoY Change -5.16% -6.94%
% of Gross Profit 61.98% 49.46%
Operating Expenses $62.91M $62.20M
YoY Change -2.04% 1.87%
Operating Profit $12.61M $37.21M
YoY Change -18.11% 11.78%
Interest Expense -$100.5M -$100.3M
YoY Change 25.64% 101.32%
% of Operating Profit -797.56% -269.53%
Other Income/Expense, Net $33.00K $34.00K
YoY Change -99.25% -85.89%
Pretax Income -$31.31M -$64.32M
YoY Change -48.4% 264.11%
Income Tax -$1.510M $127.0K
% Of Pretax Income
Net Earnings -$31.32M -$63.56M
YoY Change -47.98% 187.72%
Net Earnings / Revenue -9.79% -18.53%
Basic Earnings Per Share -$1.99
Diluted Earnings Per Share -$0.90 -$1.99
COMMON SHARES
Basic Shares Outstanding 34.51M shares 34.49M shares
Diluted Shares Outstanding 34.46M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $165.2M $184.2M
YoY Change -60.38% -63.56%
Cash & Equivalents $165.2M $184.2M
Short-Term Investments
Other Short-Term Assets $12.81M $15.80M
YoY Change -19.87% -20.19%
Inventory $3.679M $3.945M
Prepaid Expenses
Receivables $67.19M $102.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $248.9M $306.1M
YoY Change -51.78% -50.9%
LONG-TERM ASSETS
Property, Plant & Equipment $2.996B $3.167B
YoY Change -5.26% 1.68%
Goodwill
YoY Change
Intangibles $797.0K
YoY Change 0.0%
Long-Term Investments $9.960M $10.38M
YoY Change -49.12% -3.92%
Other Assets $160.3M $184.6M
YoY Change 10.82% 36.44%
Total Long-Term Assets $3.213B $3.412B
YoY Change -5.52% 1.92%
TOTAL ASSETS
Total Short-Term Assets $248.9M $306.1M
Total Long-Term Assets $3.213B $3.412B
Total Assets $3.462B $3.719B
YoY Change -11.62% -6.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $149.7M $163.4M
YoY Change 27.59% 22375.93%
Accrued Expenses $71.77M $70.10M
YoY Change 19.73% 26.63%
Deferred Revenue $19.00M
YoY Change 3.83%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $225.0M $237.1M
YoY Change 24.75% 21.95%
LONG-TERM LIABILITIES
Long-Term Debt $3.415B $3.650B
YoY Change -11.48% -4.91%
Other Long-Term Liabilities $47.03M $42.60M
YoY Change 632.17% 548.5%
Total Long-Term Liabilities $3.462B $3.693B
YoY Change -10.41% -3.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $225.0M $237.1M
Total Long-Term Liabilities $3.462B $3.693B
Total Liabilities $3.687B $3.930B
YoY Change -8.84% -2.74%
SHAREHOLDERS EQUITY
Retained Earnings -$2.729B -$2.697B
YoY Change 7.71% 9.02%
Common Stock $374.0K $345.0K
YoY Change 8.41% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$345.9M -$311.2M
YoY Change
Total Liabilities & Shareholders Equity $3.462B $3.719B
YoY Change -11.62% -6.37%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$31.32M -$63.56M
YoY Change -47.98% 187.72%
Depreciation, Depletion And Amortization $46.81M $46.00M
YoY Change -5.16% -6.94%
Cash From Operating Activities -$21.61M $700.0K
YoY Change 7455.94% -85.95%
INVESTING ACTIVITIES
Capital Expenditures $37.93M $31.50M
YoY Change 6.25% -224.66%
Acquisitions
YoY Change
Other Investing Activities $14.08M $15.20M
YoY Change -323.46% -55.19%
Cash From Investing Activities -$23.85M -$16.30M
YoY Change -43.2% -288.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 70.00K -49.00M
YoY Change -100.19% 22.91%
NET CHANGE
Cash From Operating Activities -21.61M 700.0K
Cash From Investing Activities -23.85M -16.30M
Cash From Financing Activities 70.00K -49.00M
Net Change In Cash -45.39M -64.60M
YoY Change -42.22% 146.29%
FREE CASH FLOW
Cash From Operating Activities -$21.61M $700.0K
Capital Expenditures $37.93M $31.50M
Free Cash Flow -$59.54M -$30.80M
YoY Change 65.46% -201.81%

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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-74031000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2410000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10340000 usd
us-gaap Profit Loss
ProfitLoss
-150930000 usd
us-gaap Profit Loss
ProfitLoss
-84371000 usd
us-gaap Net Income Loss
NetIncomeLoss
-149092000 usd
us-gaap Net Income Loss
NetIncomeLoss
-83692000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
11290000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
9311000 usd
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
1993000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-162375000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-93003000 usd
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.99
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.73
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.72
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.71
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34395000 shares
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.99
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.73
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34459000 shares
us-gaap Profit Loss
ProfitLoss
-84371000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
0 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-22323000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-150930000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-84371000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-235194000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
874000 usd
CY2023Q3 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-257000 usd
CY2023Q3 aht Noncontrolling Interest Change In Redemption Value Preferred Stock
NoncontrollingInterestChangeInRedemptionValuePreferredStock
760000 usd
CY2023Q3 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
5192000 usd
CY2023Q3 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-63562000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-150389000 usd
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
83000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2518000 usd
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-826000 usd
aht Noncontrolling Interest Change In Redemption Value Preferred Stock
NoncontrollingInterestChangeInRedemptionValuePreferredStock
1993000 usd
aht Noncontrolling Interest Increase From Consolidation Of Variable Interest Entity
NoncontrollingInterestIncreaseFromConsolidationOfVariableInterestEntity
7961000 usd
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
5192000 usd
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-149092000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-298002000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-65743000 usd
CY2022Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
164000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
830000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
0 usd
CY2022Q3 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-466000 usd
CY2022Q3 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-22092000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-90739000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-2654000 usd
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
316000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3438000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
165000 usd
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-83692000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-90739000 usd
us-gaap Profit Loss
ProfitLoss
-150930000 usd
us-gaap Profit Loss
ProfitLoss
-84371000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
140963000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
152444000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-44000 usd
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
78000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
374000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
374000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2887000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2456000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
4000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
141000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-715000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-451000 usd
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
7443000 usd
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
273000 usd
us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
4490000 usd
us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
19059000 usd
aht Amortization Of Loan Costs Write Off Of Loan Costs And Exit Fees
AmortizationOfLoanCostsWriteOffOfLoanCostsAndExitFees
20415000 usd
aht Amortization Of Loan Costs Write Off Of Loan Costs And Exit Fees
AmortizationOfLoanCostsWriteOffOfLoanCostsAndExitFees
7760000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
4374000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
5324000 usd
us-gaap Other Noncash Income
OtherNoncashIncome
497000 usd
us-gaap Other Noncash Income
OtherNoncashIncome
262000 usd
aht Increase Decrease In Accounts Receivable And Inventories
IncreaseDecreaseInAccountsReceivableAndInventories
28630000 usd
aht Increase Decrease In Accounts Receivable And Inventories
IncreaseDecreaseInAccountsReceivableAndInventories
24893000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3995000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7257000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
45518000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
10401000 usd
aht Increase Decrease In Due To Related Parties Excluding Amount Due To Affiliates
IncreaseDecreaseInDueToRelatedPartiesExcludingAmountDueToAffiliates
960000 usd
aht Increase Decrease In Due To Related Parties Excluding Amount Due To Affiliates
IncreaseDecreaseInDueToRelatedPartiesExcludingAmountDueToAffiliates
148000 usd
aht Increase Decrease In Due To From Third Party Hotel Managers
IncreaseDecreaseInDueToFromThirdPartyHotelManagers
-1868000 usd
aht Increase Decrease In Due To From Third Party Hotel Managers
IncreaseDecreaseInDueToFromThirdPartyHotelManagers
-942000 usd
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
10503000 usd
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-2286000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
226000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-325000 usd
aht Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
231000 usd
aht Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
-355000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-4000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-6000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
36049000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
39510000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
99482000 usd
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
68054000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
34707000 usd
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
5722000 usd
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
1788000 usd
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
1009000 usd
aht Proceeds Received From Initial Consolidation Of Variable Interest Entity
ProceedsReceivedFromInitialConsolidationOfVariableInterestEntity
18201000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-65915000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-28338000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
101732000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
342935000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
10491000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
10649000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
90000 usd
us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
75000 usd
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
22285000 usd
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
5255000 usd
us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
47565000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 usd
aht Proceeds From Preferred Stock Offering
ProceedsFromPreferredStockOffering
60102000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
307000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
5192000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-65228000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectDisposalGroupIncludingDiscontinuedOperations
-202107000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectDisposalGroupIncludingDiscontinuedOperations
-54056000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
356919000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
637588000 usd
us-gaap Interest Paid Net
InterestPaidNet
242339000 usd
us-gaap Interest Paid Net
InterestPaidNet
153155000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-2947000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
7419000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
16917000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
14996000 usd
aht Noncash Accrued Stock Offering Costs
NoncashAccruedStockOfferingCosts
0 usd
aht Noncash Accrued Stock Offering Costs
NoncashAccruedStockOfferingCosts
1219000 usd
aht Non Cash Preferred Stock Dividends
NonCashPreferredStockDividends
191000 usd
aht Proceeds From Derivative Instrument Unsettled
ProceedsFromDerivativeInstrumentUnsettled
1782000 usd
CY2023Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
3568000 usd
aht Consolidation Of Variable Interest Entity Assumption Of Debt
ConsolidationOfVariableInterestEntityAssumptionOfDebt
35052000 usd
aht Consolidation Of Variable Interest Entity Assumption Of Debt
ConsolidationOfVariableInterestEntityAssumptionOfDebt
0 usd
aht Consolidation Of Variable Interest Entity Assumption Of Finance Liability
ConsolidationOfVariableInterestEntityAssumptionOfFinanceLiability
26729000 usd
aht Consolidation Of Variable Interest Entity Assumption Of Finance Liability
ConsolidationOfVariableInterestEntityAssumptionOfFinanceLiability
0 usd
aht Consolidation Of Variable Interest Entity Acquisition Of Hotel Property
ConsolidationOfVariableInterestEntityAcquisitionOfHotelProperty
61100000 usd
aht Consolidation Of Variable Interest Entity Acquisition Of Hotel Property
ConsolidationOfVariableInterestEntityAcquisitionOfHotelProperty
0 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
417064000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
592110000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
141962000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
99534000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
559026000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
691644000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
184181000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
505533000 usd
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
171896000 usd
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
132055000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
356077000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
637588000 usd
CY2023Q3 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
556000 usd
CY2022Q3 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
0 usd
CY2023Q3 aht Restricted Cashand Restricted Cash Equivalents Disposal Group Including Discontinued Operations
RestrictedCashandRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
286000 usd
CY2022Q3 aht Restricted Cashand Restricted Cash Equivalents Disposal Group Including Discontinued Operations
RestrictedCashandRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
0 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
356919000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
637588000 usd
CY2023Q3 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
22316 room
CY2023Q3 aht Number Of Consolidated Hotel Properties Under Development Through Owned Investment In Consolidated Entity
NumberOfConsolidatedHotelPropertiesUnderDevelopmentThroughOwnedInvestmentInConsolidatedEntity
1 hotel
us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;text-decoration:underline">Use of Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">—The preparation of these consolidated financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</span>
CY2023Q3 aht Number Of Hotels
NumberOfHotels
100 hotel
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
343014000 usd
CY2022Q3 aht Number Of Hotels
NumberOfHotels
100 hotel
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
328156000 usd
aht Number Of Hotels
NumberOfHotels
100 hotel
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1047649000 usd
aht Number Of Hotels
NumberOfHotels
100 hotel
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
923389000 usd
CY2023Q3 us-gaap Land
Land
625331000 usd
CY2022Q4 us-gaap Land
Land
622759000 usd
CY2023Q3 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
3580947000 usd
CY2022Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
3650464000 usd
CY2023Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
195338000 usd
CY2022Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
222665000 usd
CY2023Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
110076000 usd
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
21609000 usd
CY2023Q3 us-gaap Rental Properties
RentalProperties
0 usd
CY2022Q4 us-gaap Rental Properties
RentalProperties
9889000 usd
CY2023Q3 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
17269000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
18998000 usd
CY2023Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
4528961000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
4546384000 usd
CY2023Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
1406128000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
1428053000 usd
CY2023Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
3122833000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
3118331000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2022Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2023Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
CY2023Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-138000 usd
CY2022Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-147000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-715000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-451000 usd
CY2022Q3 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 usd
CY2023Q3 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 usd
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 usd
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3629926000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3835272000 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
5667000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
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CY2023Q3 aht Debt Instrument Capitalized Default Interest And Late Fees
DebtInstrumentCapitalizedDefaultInterestAndLateFees
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CY2022Q4 aht Debt Instrument Capitalized Default Interest And Late Fees
DebtInstrumentCapitalizedDefaultInterestAndLateFees
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CY2023Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8146000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8530000 usd
CY2023Q3 aht Long Term Debt Including Held For Sale
LongTermDebtIncludingHeldForSale
3640966000 usd
CY2022Q4 aht Long Term Debt Including Held For Sale
LongTermDebtIncludingHeldForSale
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CY2023Q3 us-gaap Long Term Debt
LongTermDebt
3631719000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
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CY2022Q4 aht London Interbank Offered Rate Libor Rate
LondonInterbankOfferedRateLIBORRate
0.04392
CY2023Q3 aht Secured Overnight Financing Rate
SecuredOvernightFinancingRate
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CY2022Q4 aht Secured Overnight Financing Rate
SecuredOvernightFinancingRate
0.04358
CY2023Q3 aht Interest Expense And Amortization Of Discount Premium And Loan Costs
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CY2022Q3 aht Interest Expense And Amortization Of Discount Premium And Loan Costs
InterestExpenseAndAmortizationOfDiscountPremiumAndLoanCosts
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aht Interest Expense And Amortization Of Discount Premium And Loan Costs
InterestExpenseAndAmortizationOfDiscountPremiumAndLoanCosts
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aht Interest Expense And Amortization Of Discount Premium And Loan Costs
InterestExpenseAndAmortizationOfDiscountPremiumAndLoanCosts
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CY2023Q3 aht Non Cash Loan Principal Amount Amortized
NonCashLoanPrincipalAmountAmortized
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CY2022Q3 aht Non Cash Loan Principal Amount Amortized
NonCashLoanPrincipalAmountAmortized
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aht Non Cash Loan Principal Amount Amortized
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aht Non Cash Loan Principal Amount Amortized
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CY2023Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
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us-gaap Interest Costs Capitalized
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CY2023Q3 us-gaap Accumulated Capitalized Interest Costs
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us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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CY2022Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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CY2023Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
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CY2023Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
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us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
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CY2022Q3 us-gaap Provision For Loan Losses Expensed
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CY2023Q3 aht Fair Value Consideration Threshold For Transfer In Out Of Level3
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CY2023Q3 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
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aht Maturity Period Of Cash And Cash Equivalents Maximum
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P90D
CY2023Q3 us-gaap Notes Receivable Net
NotesReceivableNet
5900000 usd
CY2022Q4 us-gaap Notes Receivable Net
NotesReceivableNet
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CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-63562000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
-83692000 usd
CY2023Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4295000 usd
CY2022Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
11290000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
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CY2023Q3 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
760000 usd
CY2022Q3 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 usd
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
1993000 usd
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 usd
CY2023Q3 aht Distributed And Undistributed Income Loss From Continuing Operations Basic
DistributedAndUndistributedIncomeLossFromContinuingOperationsBasic
-68617000 usd
CY2023Q3 aht Distributed And Undistributed Income Loss From Continuing Operations Diluted
DistributedAndUndistributedIncomeLossFromContinuingOperationsDiluted
-68617000 usd
CY2022Q3 aht Distributed And Undistributed Income Loss From Continuing Operations Diluted
DistributedAndUndistributedIncomeLossFromContinuingOperationsDiluted
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CY2022Q3 aht Distributed And Undistributed Income Loss From Continuing Operations Basic
DistributedAndUndistributedIncomeLossFromContinuingOperationsBasic
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DistributedAndUndistributedIncomeLossFromContinuingOperationsDiluted
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aht Distributed And Undistributed Income Loss From Continuing Operations Basic
DistributedAndUndistributedIncomeLossFromContinuingOperationsBasic
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aht Distributed And Undistributed Income Loss From Continuing Operations Basic
DistributedAndUndistributedIncomeLossFromContinuingOperationsBasic
-93003000 usd
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DistributedAndUndistributedIncomeLossFromContinuingOperationsDiluted
-93003000 usd
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34459000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34459000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34371000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34371000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34395000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34395000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
34324000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34324000 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.99
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.72
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.99
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.73
CY2023Q3 aht Net Income Loss Attributable To Antidilutive Securities
NetIncomeLossAttributableToAntidilutiveSecurities
1062000 usd
CY2022Q3 aht Net Income Loss Attributable To Antidilutive Securities
NetIncomeLossAttributableToAntidilutiveSecurities
-231000 usd
aht Net Income Loss Attributable To Antidilutive Securities
NetIncomeLossAttributableToAntidilutiveSecurities
2134000 usd
aht Net Income Loss Attributable To Antidilutive Securities
NetIncomeLossAttributableToAntidilutiveSecurities
-679000 usd
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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25039000 shares
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2062000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12631000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2023000 shares
aht Common Unit Limited Partnership Interest Redemption For Common Stock Shares
CommonUnitLimitedPartnershipInterestRedemptionForCommonStockShares
1 shares
CY2023Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
22394000 usd
CY2022Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
21550000 usd
CY2023Q3 aht Comprehensive Income Loss Net Of Tax Portion Attributable To Redeemable Noncontrolling Interest
ComprehensiveIncomeLossNetOfTaxPortionAttributableToRedeemableNoncontrollingInterest
-889000 usd
CY2022Q3 aht Comprehensive Income Loss Net Of Tax Portion Attributable To Redeemable Noncontrolling Interest
ComprehensiveIncomeLossNetOfTaxPortionAttributableToRedeemableNoncontrollingInterest
-231000 usd
aht Comprehensive Income Loss Net Of Tax Portion Attributable To Redeemable Noncontrolling Interest
ComprehensiveIncomeLossNetOfTaxPortionAttributableToRedeemableNoncontrollingInterest
-1838000 usd
aht Comprehensive Income Loss Net Of Tax Portion Attributable To Redeemable Noncontrolling Interest
ComprehensiveIncomeLossNetOfTaxPortionAttributableToRedeemableNoncontrollingInterest
-679000 usd
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
0 usd
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
0 usd
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
200000000 usd
CY2023Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2022Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2023Q3 aht Advisory Services Fee
AdvisoryServicesFee
12395000 usd
CY2022Q3 aht Advisory Services Fee
AdvisoryServicesFee
12513000 usd
aht Advisory Services Fee
AdvisoryServicesFee
37650000 usd
aht Advisory Services Fee
AdvisoryServicesFee
38176000 usd
CY2020Q4 aht Contribution Agreement Preferred Equity Offering
ContributionAgreementPreferredEquityOffering
400000000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
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aht-20230930_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
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aht-20230930_cal.xml Edgar Link unprocessable
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